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Friday, March 25, 2011 10:47:30 PM
Oil Fact #1: Most knowledgeable people understand by now the magnitude of deception from OPEC as it relates to supply and demand. If the U.S. State Department released classified documents and the global public ever figured out the true state of oil supplies, prices would probably go to $500 a barrel by Christmas!
Oil Fact #2: Barack Hussein Obama and Ben “the bumbler” Bernanke have declared war on the U.S. dollar. Wealthy individuals, multi-national firms and states are alarmed. These powerful interests will drive up the price of oil to compensate for a weaker dollar. In the final analysis, the ebb and flow of paper money is based on a global petroleum economy.
Oil Fact #3: Gold and oil move in tandem with gold leading the way. Always has been that way. Always will. This was true in 1908. And 1933. And 1945. And 1980. And it will be true in 2011 and 2012. Governments can and certainly do manipulate markets to control public perception, but in the end oil prices are going to move.
Oil Fact #4: The U.S. government is desperately trying to maintain the perception of the status quo with Iran. But according to my sources inside the Pentagon, Iran is a powder keg that will explode in 2011. A destabilizing event in the Middle East would cause oil prices to double in days.
Mark my words: Nowhere is it written that oil prices will not run up to $246 in 2011 and hit $1,000 a barrel in 2012. We are entering a new global paradigm as it relates to petroleum prices.
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