Posts Tagged ‘ OIL ’

And now the Other Cyprus Chimes in on the Crisis

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  by John Galt March 21, 2013 21:30 ET   If anyone thinks that the government and people of the Greek portion of Cyprus are friends of the United States/European Union banking cartel, I must remind my readers that Cyprus is actually two nations divided along religious and ethnic lines. The reality of what this now important island nation looks like from a geopolitical point of view is best pointed out in the map below: (map courtesy of PSEKA.net) The Turkish government has been maintaining…

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The Cyprus Crisis: It Isn’t what it Seems

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  by John Galt March 20, 2013 22:00 ET   In August of 2011 this blogger observed the following in an article titled “The Most Dangerous Stock Market in the World is now down over 90%“: In the nation of Cyprus, divided for decades between Turks and Greeks. Orthodox Christian and Muslim, the danger is real and somewhat buried in the back pages as other more pressing issues which impact geopolitics surpassed the region in importance. With the nation divided at gunpoint and distrust at…

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08.26.12 AEP: Peak cheap oil is an incontrovertible fact

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  by John Galt August 26, 2012 15:50 ET   With soon to be Hurricane Isaac about to slam into the north central coast of the Gulf of Mexico, the problem of peak oil, aka, peak cheap oil is about to rear its ugly head in a major way. Long before a hurricane was a threat or the umpteenth thousand and ninety-ninth rumor of a pending Israeli attack on Iran, retail regular unleaded gasoline prices in my area have skyrocketed from $3.25 per gallon to…

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Cyprus Could be the Next Domino to Fall to Russia

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  by John Galt July 8, 2012 22:00 ET   The United States slumbers under the inept leadership of the Clinton State Department and the old Soviet Union begins its march through the Western sphere by purchasing influence one nation, one alliance at a time. The U.S. thinks it can intimidate the Russians with verbal sparring but in reality they are laughing, in fact mocking the handiwork of decades of Soviet influence over our foreign policy as we stumble from crisis to crisis and Moscow…

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Saudi TASI Stock Market Plummets after Dismal Friday on Wall Street

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  by John Galt June 2, 2012 14:00 ET   For some reason, I don’t think the Royals wanted to follow the lead of the U.S. and its inept leadership in the financial markets like this:   No, my readers are not staring at a misprint, the Saudi Arabian TASI collapsed 4.22% in its Saturday session. The implosion in U.S. equities on Friday apparently has angered the camels of the Kingdom and based on the opening 5 minutes of trading started a stampede into safety.…

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Cyprus Crisis Update: Turkey threatens Oil Companies and Israel to deploy 20,000 Commandos

Cyprus Map

by John Galt May 20, 2012 10:00 ET   The world is focused so intently on the coming collapse of Greece and their withdrawal from the European Monetary Union that one of the byproducts of the regional instability in the Balkans continues to operate much like the Israeli Air Force has been in the same region. This week saw the first direct interaction between Israeli Air Force and Turkish fighter planes near Cyprus that I can recall in modern times (From Hurriyet Daily News see:…

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Arab Spring Year 2: Kurdistan Begins to heat up Again with Oil Embargo against Baghdad

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by John Galt April 2, 2012 19:55 ET   The disaster which is the Middle East is the gift that keeps on giving to oil speculators in addition to the current U.S. regime. The instability of the region with the Iranian and Syrian situation gathered more steam today with the Kurdistan regional government cutting off all oil shipments to the central government in Baghdad. This basically cuts the Iraqi government off at the knees financially which only expands a corrupt nation’s crisis from a regional…

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Moody’s Adds Gasoline to the Fire in Cyprus – Downgraded to Junk

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by John Galt March 13, 2012 13:00 ET As many of my readers and listeners are aware, I have been tracking the deterioration of the situation on the island of Cyprus for some time, highlighted by the recent possibility of that island becoming the center of a new conflict between Greece and Turkey. On March 4, 2012 the Turkish Prime Minister added to the pyre by stating that the Turkish portion of Cyprus should be annexed by Turkey to: “if ongoing talks between Turkish and…

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Wag the Ugandan Dog

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by John Galt March 13, 2012 05:15 ET   The video “Kony 2012!” has managed to wind it’s way into the hearts and minds of American citizens everywhere, evoking the “We are the World” mentality which is consistent with the American character and creating a further demand for action by the U.S. government to find and capture or kill the Lord’s Resistance Army (LRA) leader, Joseph Kony. The question that has not been asked is why this campaign is suddenly receiving massive attention from the…

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12.14 11:20 ET: And Black Gold Joins the Crash Party

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By John Galt December 14, 2011 – 11:20 ET Down over 4% now and looking technically horrid describes the WTI move today. Perhaps Iran should look into more “exercises” in the Straits of Hormuz. Chart from YahooFinance: This could get ugly around 3:30 p.m. ET today without a good rumor or three…..

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$101 WTI Crude Oil!?!? OOPS!

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By John Galt November 16, 2011 – 09:35 ET Well doggie! That should get the Obama oil and energy exploration team off their butts and grabbing a shotgun to go find some of that thar black gold!

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7/27 V of Galt: It’s FreakOut Wednesday

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By John Galt July 26, 2011   News happens. Get the real take tonight on the Voice of Galt only on Just Measures Radio. Especially Tonight. To call into the program dial: (877)213-6404 or (812)307-4363. Just click on the banner below to find the various audio players to listen or to participate in the chat room with like minded Americans.

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Piracy off West Africa Now: Italian Oil tanker seized off coast of Benin

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By John Galt July 24, 2011 The news flow has been rightfully focused on the growing U.S. debt ceiling crisis but meanwhile the ocean rats known as pirates continue their plunder. Reuters just published a story recently about an Italian oil tanker with 23 crew members being seized off the coast of Benin in West Africa. The world’s powers have refused to address this issue off of the Horn of Africa beyond concrete steps like those taken by China and Russia, namely termination of all…

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Iran says they are Ready to close the Straits of Hormuz

Iran says they are Ready to close the Straits of Hormuz

  By John Galt July 5, 2011 The story from the newspaper Emirates 24/7 via AFP should be worthy of a little attention and should be a cause for concern as things heat up in the Middle East: Iran ready to close Strait of Hormuz: General Published Monday, July 04, 2011 Iran is ready if threatened to close the Strait of Hormuz to ships linking the Gulf to international markets, Revolutionary Guards commander General Mohammad Ali Jafari told Mehr news agency on Monday. “In light…

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OPEC Repudiates the House of Saud

OPEC Repudiates the House of Saud

By John Galt June 8, 2011 Another day, another bombshell in the news (from Reuters): OPEC talks break down, no deal to lift oil supply Oops. The renegade nations who used to act subservient to the Saudis basically told the King that he no longer wields the power he once had, despite having the backing of Europe and the U.S. The bigger story though, is the back story as the nations who have been quietly aligning themselves with the Russo-Chinese power bloc in the world…

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The Markets were Clubbed like a Baby Seal Hunt Today

The Markets were Clubbed like a Baby Seal Hunt Today

By John Galt June 1, 2011 Oh the brutality of it all….. All from INO.com: S&P 500 - DJIA - NASDAQ - SILVER -   WTI CRUDE - This is going to leave a mark.  

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An Interesting Story from Saudi: Gasoline Smuggling could cause shortages

An Interesting Story from Saudi: Gasoline Smuggling could cause shortages

By John Galt May 19, 2011 From the Arab News of Saudi Arabia this morning: Smuggling hits gasoline supplies in Riyadh region RIYADH: Shortage of gasoline type 95 in some regions in the Kingdom may develop into a crisis if suppliers do not quickly inject enough of it to the gas stations, local Arabic daily Al-Riyadh newspaper reported Tuesday. Especially in Riyadh region, there is a supply shortage. The newspaper said the owners of gas stations expressed fears that a real crisis might crop up…

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Update: Canadian Oil Output Shut in up to 50,000 bpd due to wildfire

Update: Canadian Oil Output Shut in up to 50,000 bpd due to wildfire

By John Galt May 17, 2011 The latest update from Reuters tonight is not encouraging: Canada oil output cut as Alberta wildfires rage 17 May 2011 20:50 Reuters * Fires continue to burn across northern Alberta * Production halted by fire threat, pipeline closure * About 100,000 bpd may soon be shut in (Adds details, Canadian oil prices) By Scott Haggett and Jeffrey Jones (Click on the link above to read the rest of the story) Per the National Post in Canada 40% of Slave…

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China Suspends Diesel Exports-More Nations to Follow?

China Suspends Diesel Exports-More Nations to Follow?

By John Galt May 15, 2011 The Communist Chinese government took a very effective step this weekend to preserve their fuel supplies and a direct hint to other nations on how to control the limited supplies of finished petrochemical goods on the world market. The Chinese announced via the Xinhua news agency that all diesel exports have been suspended with the exception of  diesel for Hong Kong and Macao. As the wars in the Middle East expand due to domestic discontent and the Untied States…

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How to Kill America in 30 Seconds or Less

How to Kill America in 30 Seconds or Less

  By John Galt May 4, 2011 On last night’s radio show, I outlined the absolute worst case scenario for America should the threats, which we must pray are hollow, of Al Qaeda and the Wikileaks information turn out to become reality. The twist is that instead of thinking “inside the box” I adopted the strategy that our nation’s war gaming community and others would and decided to identify the logical location inside the United States which would benefit one group of nations and enable…

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Did Saudi Arabia have Glenn Beck Fired from Fox News?

Did Saudi Arabia have Glenn Beck Fired from Fox News?

  By John Galt April 8, 2011 First, you’ll need to bear with me as each section has its own chalkboard, so let’s start with the nation’s involved: This of course introduces the most obvious of questions: Why would China, Russia, and Saudi Arabia want Glenn Beck fired? In due time I think I can explain that satisfactorily. Just remember that in the mainstream media, which Fox News and News Corp. represent, when a relationship goes south it is not labeled a firing or termination…

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