The Fall Of The Non-Virtuous Age
Even in a global rigged commerce system, known as the “Ponzi Economy”, we are surprised.
The price of crude oil by the Saudis is a Big Surprise, a sudden Deflation of Petroleum Price.
The obvious meaning of this is that for whatever unspoken reason their actions have announced to the world that the Saudis have the lowest price, a great deal for all who trade with the Saudis!
This is by definition a “Price War” that could manipulate the oil market…
A obvious scheme by some group(s) that will reap a benefit of some value while simultaneously harming many more groups.
“The North Sea oil and gas industry was plunged into further uncertainty last night after Saudi Arabia blocked calls from poorer members of oil producers’ cartel Opec for production cuts to stop a slide in global prices.
Opec’s decision not to cut output despite huge global oversupply sent benchmark crude plunging to a fresh four-year low.
Brent oil fell more than $6 to $71.25 a barrel after the meeting of Opec ministers in Vienna, which marked a major shift away from the group’s long-standing policy of defending prices.” – https://www.energyvoice.com/oilandgas/69700/pessimism-oil-prices-plummet/
“PLUMMETING oil prices have forced Nigeria to slash the country’s oil benchmark for next year’s budget for the second time in a month…” – http://mgafrica.com/article/2014-12-08-oil-losses-could-amount-to-115-billion-but-its-a-golden-opportunity-to-break-the-oil-addiction
John Embry said:
Gerald Celente & Trends Journal: