[ DONATE TO RMN ] [ Return to Main Page ] [ Read Prev Article ] [ Read Next Article ] [ SUBSCRIBE TO RMN ]

RMN is Reader Supported

Our Goal for JULY:
$2500

Powered by FundRazr

Click Widget
or Click Here to contribute.

Checks & Money Orders:

Raye Allan Smith
P.O. Box 95
Ashtabula, OH 44004


Powered
by FundRazr

Who Founded RMNews?



Dewitt Jones' Video
"Celebrate What's Right
With The World"


"When the
Starships Fly!"

Listen at YouTube



Join Rayelan's YahooGroup. Get Breaking News, photos that will warm your heart and more!

Click to join Rayelan
Click to join Rayelan

Do you send exciting and timely information to your special emailing group? How about joining the Rumor Mill News Yahoo Group and start sending RMN your emails?

Click to join RUMORMILLNEWS
Click to join RUMORMILLNEWS

RSS feed FOR READING the RMN YahooGroups


The Theme for The Obergon Chronicles

Listen at YouTube


The Obergon Chronicles ebook


RUMOR MILL
NEWS RADIO


RAYELAN.COM

COMMON GROUND
INDEPENDENT MEDIA


RMN 2012
Earthquake Link List!

Compiled by Earthgrid!


THE OBERGON
CHRONICLES


DIANA, QUEEN
OF HEAVEN


THE DIANA FORUM

ACTIVATED CELLULAR MEMORY

TEMPLAR PROSPERITY MEDITATION

WHAT ARE
THE FACTIONS?


THE AMAZING
RAYELAN ALLAN


BIORHYTHMS

LOTTO PICKS

OTHER WAYS TO DONATE

DIANA,
QUEEN OF HEAVEN:
The New World Religion


CURRENT MOON




RUMOR MILL NEWS AGENTS WHO'VE BEEN INTERVIEWED ON RUMOR MILL NEWS RADIO

______________

NOVEMBER 2008

Kevin Courtois - Kcbjedi
______________

Dr Robin Falkov

______________

Melinda Pillsbury Hr1

Melinda Pillsbury Hr2

______________

Daneen Peterson

______________

Daneen Peterson

______________

Disclosure Hr1

Disclosure Hr2
______________

Scribe
______________

in_PHI_nitti
______________

Jasmine Hr1
Jasmine Hr2
______________

Tom Chittum Hr1
Tom Chittum Hr2
______________

Kevin Courtois
______________

Dr Syberlux
______________

Gary Larrabee Hr1
Gary Larrabee Hr2
______________

Kevin Courtois
______________

Pravdaseeker Hr1
Pravdaseeker Hr2
______________

DECEMBER 2008

Tom Chittum
______________

Crystal River
______________

Stewart Swerdlow Hr1
Stewart Swerdlow Hr2
______________

Janet Swerdlow Hr1
Janet Swerdlow Hr2
______________

Dr. Robin Falkov Hr1
Dr. Robin Falkov Hr2
Dr. Robin Falkov Hr3

JANUARY 2009 ______________

Patriotlad
______________

Patriotlad
______________

Crystal River
______________

Patriotlad
______________

Dr. Robin Falcov
______________

Patriotlad

FEBRUARY 2009

Common Ground Independent Media


BAITING THE BEAR

Posted By: truth
Date: Friday, 9-October-2015 19:24:48


The Wall Street Journal (“Saudi Arabia Cuts Oil Prices Amid OPEC Price War”):

“On Sunday [October 4, A.D. 2015], Saudi Arabia made deep reductions to the prices it charges for its oil, hard on the heels of cuts last month by rival producers in the Gulf.

“With U.S. production still increasing despite lower oil prices, members of the Organization of the Petroleum Exporting Countries are battling to keep their share of the last growing markets in Asia.

“The move comes as Iran, Iraq and other countries in the Middle East made deeper cuts in their official prices than Saudi Arabia last month.

“Saudi Arabia has vowed to keep pumping at high levels as it hopes lower oil prices will stimulate Asian demand and hit rival production in the U.S. that is expensive to produce.”

The Saudi price war on crude oil is largely seen as a Saudi attempt to diminish or destroy America’s increased reliance on fracking.

And it’s clearly true that the resulting price fall from over $100/barrel to under $50/barrel has devastated the American fracking industry.

However, while a falling global price of crude oil has damaged the American fracking industry, it hasn’t hurt, and may even have helped, the overall American economy by providing cheaper energy costs. It’s possible that the US government is willing to sacrifice the US oil industry in order to support the US economy.

• The only national economies that have been damaged by the Saudi price decline are those of nations whose income and standard of living are primarily derived from the sale of their crude oil. Any of the OPEC nations would be examples of national economies that are significantly dependent on the sale and profits derived from selling their crude oil to foreign buyers.

OPEC nations should be furious that the Saudis have pushed oil prices down by over 50% in the past 14 months. We can suppose that some of those OPEC nations would be willing to work to destroy the Saudis’ power to set crude oil prices.

• However, the single biggest—and most dangerous—victim of falling oil prices is Russia. Russia’s economy and standard of living depend to large extent on the sale of Russian crude oil. A 50% price decline has to be a tough pill for President Putin to swallow.

More, there’ve been claims that the US expressly encouraged the Saudi’s to lower the price of crude oil last year for the primary purpose of injuring Russia as retribution for Russia’s taking of the Crimea as well as for Russia’s continuing support of Ukrainian separatists and rebels.

If Russia was the real target behind the US and Saudi moves to lower the price of crude oil, Russia should be angry at the US and at the Saudis.

And now, Russian military has entered the Middle East for the expressly declared purpose of protecting Syria’s President Assad from rebels within Syria.

Who knows? Maybe that claim is true.

• Nevertheless, I keep wondering if Russia’s real target is Saudi Arabia.

For over a year, Russia has had reason to be angry at the Saudis and the US. If Russia could help topple the Saudi government, Russia would almost certainly cause the price of crude oil to rise—which would be good, probably great, for Russia

https://adask.wordpress.com/2015/10/06/baiting-the-bear


Password:

The only pay your RMN moderators receive
comes from ads.
Please consider putting RMN in
your ad blocker's whitelist.

Serving Truth and Freedom
Worldwide since 1996
 
Politically Incorrect News
Stranger than Fiction
Usually True!




Aquasana Home Water Filters

^

Organic Sulfur 4 Health

Aquasana Home Water Filters

TEMPLAR PROSPERITY MEDITATION

^


AGENTS WEBPAGES

Provided free to RMN Agents



Aquasana Home Water Filters




Organic Sulfur 4 Health

TEMPLAR PROSPERITY MEDITATION

^


AGENTS WEBPAGES

Provided free to RMN Agents



[ DONATE TO RMN ] [ Return to Main Page ] [ Read Prev Article ] [ Read Next Article ] [ SUBSCRIBE TO RMN ]

Common Ground Independent Media is maintained by Forum Admin with WebBBS 5.12.