The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label brent. Show all posts
Showing posts with label brent. Show all posts

Saturday, December 12, 2015

As China goes after SWIFT and London Gold Fix markets, Russia prepares to go after Brent and WTI

There is an old axiom that goes, if you can’t beat em, join em.  And for Eastern powers such as China and Russia, they are taking this adage one step further by implementing a policy of, if you don’t want to join em, create duplicate market mechanisms and replace em.
Over the course of 2015 China has done just this with their new economic policies of bringing online a new SWIFT type system (CIPS), joining the board of the London Gold Fix, and even having the IMF adopt them into their SDR basket of currencies.  But even as dollar hegemony and the petro-dollar start to decline from years of misuse by Washington, the one foundation that keeps their empirical status functioning is the control over oil.
But that may soon be changing as on Dec. 10, Russia announced they are building a new oil market platform meant to compete directly with BRENT and WTI markets, and which would allow them to sell their own oil in currencies other than the dollar.

Read more on this article here...

Monday, November 7, 2011

Fear of Nuclear Iran already having economic consequences on oil prices

As Iran steps onto the precipice of being a nuclear power, the threat of retaliation by Israel, the US, or even NATO is causing the European oil markets to rise, and Brent to begin skyrocketing upwards.

Oil support, sanctions and attacks: Oil should get more support and take the Brent-WTI spread back toward $20 given the broken nature of that market. The first move may be to sanction the Central Bank of Iran, cutting oil exports and dividend repatriation (negative for MTN and the like). Russia and China will push back on this toward the end of the month, increasing the probability of an attack on Iranian nuclear facilities late November/December, which we upgraded to 40% a month ago. - IAEA

By the world leaders waiting and waiting for Iran to break resolution and resolution, it appears the world's energy markets are now paying the price for failed leadership, and the inevitable war that is soon to take place in the Middle East.