Today's Coming Crisis Movie

Wednesday, April 4, 2012

Saudis Intend To Put Iran Out of Business

[The Saudis are playing a high stakes game, intended to help destroy the Iranian economy. Leasing/purchasing these 11 Very Large Crude Carriers enables the Saudis to both greatly increase Aramco's crude oil sales and to undercut international oil prices, so that Iran will feel the bite of international sanctions.

If these tankers are used to ease fuel inflation in the US, then Obama will get a large boost in the polls when those tankers arrive in the US at the end of March of early April. If gas suddenly goes down and the corners of Obama's mouth go up in a perpetual grin, then we will understand why, but will any of it really matter in the end?

This is what Prince Turki al-Faisal had in mind when he recently threatened to go after Iran by flooding the oil market--

“Iran is very vulnerable in the oil sector, and it’s there that more could be done to squeeze the current government....To put this into perspective, Saudi Arabia has so much [spare] production capacity — nearly 4 million barrels per day — that we could almost instantly replace all of Iran’s oil production.” Read More