I wanted to start this thread, because this is probably the most important issue to the people of the U.S., and it affects many other countries as well.
Why are our gas prices so high? Why is the dollar so weak? (I started another thread sometime back and explained this). Why is inflation out of control?
Look no further than a barrel of crude oil.
"I already know this" you say? No you don't, you don't know the half of it.
America, in Alaska alone, has the capacity to supply every, single refinery in our Continental U.S.
Prudhoe Bay(which you may have heard of), along with Gull Island(which you may not have heard of, both are on the North Slope of the continent), already has all of the wells, equipment, and pipeline (Alaskan pipeline) to supply, every bit as much as we import from foreign countries, and more. How much would it cost us to do it you say? 3$ a barrel. That's it.
So why don't we do it? Do you know a man named Henry Kissinger? I thought you would.
It seems Kissinger had an excellent idea of how to get someone else to be responsible for our national debt. How? By promising the now OPEC to buy our national debt if we bought their oil, and if the barrel of oil was traded against the U.S. dollar. When was this done? In the 1960's.
Why does this matter?
BECAUSE IF WE STOPPED BUYING OIL FROM OPEC, NOBODY WILL ANY LONGER BUY OUR NATIONAL DEBT. That would cause our economy to collapse faster than you can say "Bob's your uncle".
Why do you think we invaded Afghanistan? Because of the Taliban? No, for oil. The Taliban about to hinder the agreement they made with Kissinger, Karzai is a crony of Bush and especially Cheney. Why did we invade Iraq, and why can't we leave? Because Hussein was a cowboy, and he was crazy. It was NOT about WoMD, and it certainly wasnt to elminate tyrrany, those were all excuses. It was simply no more than to establish a seat of governement that would still sell the U.S. oil, at the prices we dictate (yes, we alone control the oil prices).
Now, for the finale..............Iran. We WILL find some way to control Iran. Why? Because Ahmadinejad has promsied to flood the market with cheap oil. What will be the reason we give to attempt to destroy him? Because he is going to have "nuclear" capabilities.
Mark my words. We are heading for a national economic disaster as has never been seen before.
Let's discuss.
Love in Christ,
Jim
By the way, don't you believe for one second, the lies we are being told by friend and foe alike, that their is not enough oil in the ground to supply our needs for an extended period of time. That is a LIE. The amount of oil under the earths crust is non-quantifiable. However, they do believe that there is enough to supply even with future expansion of the population and their demands for hundreds, possibly thousands of years.
Truckers have been protesting in London today, over the cost of Diesel fuel, which has now reached the equivalent of £5 a gallon, that's about $10. ($8 per US gallon.)
I am not an economist/economicist (is that a word?) by any means, but if I am hearing you correctly, Jim, are you saying that it would not be good if we drilled our own oil? I was under the impression that doing such a thing would be good for the economy. What do you mean that OPEC is buying our national debt? How does someone buy debt? This is very interesting to me. Please explain this so I better understand this concept. Here I will argue that my age is the reason for my ignorance. I won't admit that on too many other occasions
.
I don't have any oil, but I have plenty of gas!
JIM !!!
We have another tidbit of truth from GreekTim. LOCK THE THREAD!
What was the tidbit of truth that I wouldn't say before? I am humble enough to say that I know I am young and uneducated in a lot of areas so I will plead ignorance b/c I simply don't know. But not in the areas I have been called and trained for (though I would not call myself an expert by any means, especially as a pastor).
Oh and Brother Tim...too much information, brother!
I am not an economist/economicist (is that a word?) by any means, but if I am hearing you correctly, Jim, are you saying that it would not be good if we drilled our own oil?
Brother, absolutely it is good if we do. In fact, the wells are already in place. All that needs to be done is turn on the pumps and/or bring the equipment in to start extracting it. the problem is, that if we do, then we could lose the value of the dollar
What do you mean that OPEC is buying our national debt? How does someone buy debt? This is very interesting to me.
What I meant by Kissinger's fiasco was that he made an agreement with the Saudi's and Oil Exporting Countries, that if they bought our debt, or underwrote us (see the International Money Fund or World Bank), then we would purchase their oil instead of using our own wells. (If you look in the 50's and 60's we produced most of our own oil, I think). What that means is that we had, and still have a national deficit.
We have institutions that have loaned this money to us. Government debt is usually financed by borrowing. They also do it by issuing bonds with interest that they must pay back. Basically, in a nutshell, the OPEC nations have all of these bonds towards the U.S. National Debt in return for us purchasing their oil. The problem is, is that everything is contingent upon the value of the dollar. If the dollar collapses, those bonds are useless. So we are in a catch-22. If we stop buying their oil, the dollar's worth plummet's. If we continue to buy their oil, then gas prices DO NOT STOP. I have heard from some sources that we will be most likely be paying between 5-6 dollars a gallon within a year or two, with the more liberal estimates being 10 dollars a gallon. This, in turn, will cause economic crises, also causing the dollar to plummet.
I know our brothers in England lament their prices, but it al lequals out for a few reasons:
1) They don't have any where NEAR as far to drive as we do here in the states.
2) By default all of their cars are much more economical on gas.
3) Many of the things they need are often within walking or biking distance.
Gentlemen, the terrifying thing about this whole scenario, is this:
The United States of America is on a now unstoppable path to an economic crash. It is on the way, it can no longer be stopped unless serious drastic measures are taken. But that will still cause the economy to go into a tailspin, but at least create a foundation for a new economic beginning.
May I say this? I believe this to be a stepping stone to the end times. I believe this needs to happen, and that it may very well be God's will for our country.
Love in Christ,
Jim
I don't think the prices balance out as much as you may think. Things are closer, yes. Cars are more economical, yes. Things are closer, yes. But, the difference is not that great when everything is factored in.
It costs me around $100 to fill up my economical car and I tend to fill it about twice a month, maybe every six weeks.
I am having to start consider taking some trips but I really don't make that many unnecessary trips. I even work from home mostly so my costs are probably relatively low.
One of the problems that I see is that the oil companies have learned people will pay any price to drive! Gas could be $10.00 a gallon, and people will continue to drive. Until we find economical solutions to our dependence on foreign oil, this trend will not stop.
Jim has a good point....we have the capability to produce more than enough oil for our own needs, and not have to be in competition with other countries over the price of oil. But , if we begin providing our own oil and gas prices go down, then the oil companies will lose billions of dollars in revenue. Right now, Exxon boasts a 3 BILLION dollar profit from last quarter. If oil prices were lower, they would be losing money, and that is not going to happen. The oil companies are loving the global market right now, and do not care what it is doing to us. Greed has taken over the petroleum industry.
Is it a sign of the end times, as has been mentioned? Absolutely!
Mat 24:6 And ye shall hear of wars and rumours of wars: see that ye be not troubled: for all these things must come to pass, but the end is not yet.
Mat 24:7 For nation shall rise against nation, and kingdom against kingdom: and there shall be famines, and pestilences, and earthquakes, in divers places.
Mat 24:8 All these are the beginning of sorrows.
Oil prices are a huge part of this prophecy of Christ, because we are at war with the world!
This is my opinion only.
One of the problems that I see is that the oil companies have learned people will pay any price to drive! Gas could be $10.00 a gallon, and people will continue to drive. Until we find economical solutions to our dependence on foreign oil, this trend will not stop.
You hit the nail on the head! (About the driving)
But...the fact is, is that we are not dependent on the foreign oil, they are indebted to us, because we signed an agreement stating we would buy their oil, if they would buy our debt.
I highly recommend just taking an hour to listen to those videos posted. It reveals everything.
Just food for though stemming from the thoughts posted here. Babylon. Who at this moment is the power in the world that controls not only the physical place of Babylon but is the major influence(good or bad) on nearly all fronts, Finances, Political, social, entertainment, militarily, and yes even religious...
rev 18:10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
I can think of no better time to live than to hear the trumpet and imminent return…Amen
