[BITList] Oil Glut? What oil glut

[FA]

John
More wishful thinking than fact I fear
frank

  Will Russia go to war in Europe? Will the price of oil stay down? How 
will the oil producing countries in the Middle East react? How will the 
radicals raise finance for their terrorist activities? This article 
makes interesting reading, and will provoke much thought. Oil Glut True 
or False? No one believed this would happen so fast, but the US is 
already the world's biggest oil manufacturer, bigger than Saudi Arabia. 
Thanks to the oil shale technology which is changing the world of 
energy. Within a year, the US is expected to export about 1 million 
barrels of oil per day and produce 12 million barrels a day. (Iran, by 
comparison, manufactures about 1.5 million barrels per day.) This means 
that oil prices will continue to drop, as the US is already competing 
against other manufacturers. As a result, Russia will be crushed, Saudi 
Arabia and the rest of the Gulf states will fall flat on their face, the 
cartel will collapse. All the dictatorships which were mainly based on 
oil, like Iran, will face a gloomy future. At the same time, democracies 
like Canada, Brazil, Mexico and Nigeria will enter the market. The Arab 
oil era is over, and so is the destructive power of the Persian Gulf 's 
oil dictatorships. These dictatorships have disgracefully controlled the 
failing Europe. Buying politicians, bribing companies, taking over the 
economy and gaining political power which was also used against Israel. 
It will take a few months, but both the Europeans and the Americans will 
realise that the era of the destructive Arab power is over. Because the 
Gulf States will have no money to spend. On the contrary, they will be 
rocked from the inside by social, ethnic and terroristic shocks, as they 
will have no money left to continue satisfying the radical terrorists. 
The signs of the drop in Arab power can already be seen. Twenty-two Arab 
states made a huge effort last week to pass an anti-Israel resolution at 
the United Nations Security Council. They failed. The US was undeterred 
by them, and so were strong Western Countries. It's true that France and 
Luxemburg are still controlled by the Arabs, or think they are. But they 
will also realise that the era of Arab money is over. But as oil prices 
continue to drop, what will happen to Russia? The country is collapsing 
and could turn to a European war to save itself. And what will happen to 
Egypt which is currently funded by Saudi Arabia? Then what about the 
rich Gulf States, like Qatar? They are deluding themselves that someone 
will be interested in them if they don’t have oil. Some are even toying 
with the idea of tourism. Well, if there is no oil, no one will want to 
come there at all, and the sand will once again cover the towers rising 
in the air which they have built. As the year 2015 unfolds, we are 
facing a new world. A world of revolution, of information, mind, 
personal strength, innovation and inventions.