Chavez Threatens to Cut Off Oil to US if it ‘Crosses the Line’
Feb. 19, 2006
CARACAS: Venezuela’s president Hugo Chavez warned late Friday he was taking
potential steps to cut off oil shipments to the United States, in the event Washington
“crosses the line.”
“The US government must know that if it crosses the line it won’t be getting Venezuelan
oil,” the leftist leader said, repeating similar threats he has made in his long, simmering
dispute with the United States.
Chavez, who did not clarify how Washington might incur such a sanction, apparently
was reacting to Thursday’s call by US secretary of state Condoleezza Rice for an
international “united front” against Venezuela.
Peak Oil - The Great Tsunami
By Michael Payne
18 February, 2006
A long-predicted tsunami is heading toward the shores of America, a wave of incredible
proportions, gathering momentum with each passing day. America has had many, many
warnings of how this giant wave would develop, but these warnings have been totally
ignored. Very soon our American society will experience an extremely painful awakening
to the dark specter of "Peak Oil" as it looms on our horizon and then comes crashing down
upon our nation. Peak Oil will result in drastic and dramatic changes to our society and our
lifestyles, the likes of which we will find extremely difficult to comprehend.
By now, most Americans know what a tsunami is. However, the vast majority of America
has no clue as to what Peak Oil is. In the simplest of explanations, Peak Oil is that point when
the total world production of oil and all known reserves are surpassed by the world demand.
At that point the supply will be steadily reduced and the ravages of Peak Oil will begin.
China Rushes to Complete $100B Deal With Iran
By Peter S. Goodman
Washington Post Foreign Service
Friday, February 17, 2006; 5:39 PM
SHANGHAI, Feb. 17 -- China is hastening to complete a deal worth as much as
$100 billion that would allow a Chinese state-owned energy firm to take a leading
role in developing a vast oil field in Iran, complicating the Bush administration's
efforts to isolate the Middle Eastern nation and roll back its nuclear development
plans, according to published reports.
The completion of the agreement would advance China's global quest for new stocks
of energy. It could also undermine U.S. and European initiatives to halt Tehran's nuclear
plans, possibly generating friction in Beijing's relations with outside powers.
Mon Feb 13, 10:29 AM ET
Syria has switched all of the state's foreign currency transactions to euros from
dollars amid a political confrontation with the United States, the head of state-owned
Commercial Bank of Syria said on Monday.
The Petro-Dollar and the EURO
War is always about achieving a political end. Even holy wars seek to impose a secular
control over the vanquished. At the root of every political conflict, lies the MONEY
component. On the scale of greed or fear, international discords can slide up or down.
Depending on the circumstances or demands, governments rally domestic populations
to accept their foreign interventionist goals. Claims of altruistic liberation are fictitious,
when the rhetoric is stripped away and the real substance is exposed. Notwithstanding,
variances of emphasis; the motive of money underpins the movements of all military confrontations.
The case that the conquest of Iraq is about appropriating control over oil reserves is well
known. The argument that removing Saddam Hussein for a friendly regime change will
enhance the adherence of global community policies, secure and annex a ‘greater Israel’
and project the power of the empire into the region, has been circulated widely. The excuses
of a “War on Terrorism”, elimination of WMD, combating radical Islamics, fulfilling prophecy
and personal grudges between feuding criminal families and former business partners, have
been known to all. But the one aspect that seems to elude the scrutiny of most observers is
that of the precarious nature of the global economy, which teeters on the fragile requirement
that the US Dollar must remain as the world reserve currency.
Oil Currency War
OPEC always priced oil in US Dollars. In the perceptive essay, The Real Reasons for the
Upcoming War With Iraq by W Clark, the thesis that a shift using the EURO as the settlement
currency, drives the Bush/Cheney administration hydrocarbons geo-strategy.
about OIL EMPIRE.US
Secrets Hidden In Plain Sight
9/11 Truth and Reconciliation
Quantum Leap Solutions
Peak Oil, Permaculture and 9/11
The Peace, 9/11 Truth, Civil Liberties and Environmental movements need each other
Yellow Alert: Danger of Fascism Elevated
Oil Empire policies
OILEMPIRE.US is an encyclopedia of pointers to information -- from US corporate
media, international press and domestic dissent on the internet -- that collectively reveal
an extremely disturbing paradigm for understanding 9/11, "the event that changed
the world." September 11 was engineered to create the psychological trigger to seize
the Earth's diminishing oil supplies (the real reason behind the Iraq war) and to impose
a "neo-feudalist" Homeland Security police state to suppress dissent.
bourse / /n. (also Bourse) a stock exchange, esp. in Europe. ~Canadian Oxford Dictionary
Only bimbos believed Bush when he said it was WMD's that made him attack,
invade, occupy and massacre Iraq. Most of us thought it was to steal Iraq's oil,
but we were only partly right. What totally terrorized the tyrannical Texan tycoon
was when Saddam played the oil bourse card in November, 2000. When Saddam
started selling Iraqi oil in euro's, he jeopardized greenback hegemony as the world's
supreme foreign exchange transaction currency. If this brilliant idea catches on, it will
trigger the total collapse of the USA economy. The oil grab is a sideshow. The main
feature is the oil bourse.
The Neocon global domination agenda is engendered by the denomination of global
oil transactions in greenbacks. America prints out the bucks that are required for the
purchase of oil, and the world has to produce stuff they can sell to get the bucks they
need to buy oil. Printing Monopoly 'fiat' money only costs America the paper and
green ink, so the USA dollar has been fattened on oil-enriched chicken feed since
Tricky Dick delinked the buck from the bullion. The oil bourse scheme could so
seriously setback US suzerainty that Saddam got stomped to smithereens. Krassimir Petrov,
who teaches international finance in Bulgaria's American University, warns "should the
Iranian Oil Bourse gain momentum, it will be eagerly embraced by major economic
powers and will precipitate the demise of the dollar." Saddam was just the first wavelet
in the coming tsunami. On March 20, 2006, Iran will start selling oil in euros.
Countercurrents.org’s Peak Oil Articles
Numerous articles on Peak Oil.
'Doomsday for the greenback'
Date: Thursday, December 29 @ 09:07:51 EST
Topic: Economic Policy
A preemptive attack on Iran would "provoke other industrial nations to strategically
abandon the dollar en masse"... "in an effort to thwart the neoconservatives from
pursuing their desperate strategy of dominating the world's hydrocarbon energy supply."
William R. Clark "Petrodollar Warfare; Dollars, Euros and the upcoming Iranian Oil Bourse"
The Federal Reserve is the financial headquarters for the cartel of multinational banking
establishments. The confederation of banks in the Fed underwrites the exploitative activities
of the world's main industries and sets rates in a manner that best serves their objectives.
This is how the bankers perpetuate the system of economic hegemony and apply the shackle
of debt and dependence to the planet's most destitute countries. The Federal Reserve is
every bit as critical to the maintenance of the empire as its political counterparts in Washington
or its blood-brothers in the US Military. It is the largest of the empire's three gears; economic,
political and military, which mobilize the mighty wheel of state terror.
If we look carefully at the Iraq war, the main financial institutions stood squarely behind the
hostilities and did their best to create a hospitable economic environment for aggression. The
Federal Reserve dropped the prime rate to a paltry 1.5% just 6 months before the Iraq invasion
to keep the American economy purring along while Bush dragged the nation to war. The bloody
footprints for Iraq lead straight to the oak-panel doors of America's primary lenders even before
they trail off to the bastions of America's energy giants.
There's a reason for this. The main impetus for the war was not petroleum, but greenbacks and
the future of a currency that is underwritten by $8 trillion of debt. The only way to safeguard its
dominance is to back up the listing dollar with boatloads of oil. And, that is exactly the plan.
Chris Floyd, The Moscow Times
So now we know: Next time the fire will come in Iran. The blow will be delivered
by proxy, but that will not spare the true perpetrator from the firestorm of blowback
and unintended consequences that will follow. Even now, the gruesome deaths of many
innocent people in many lands are growing in futurity's womb.
But while this endemic lunacy of our human kind plays its part, the real bottom line for the
Bushists is, well, the bottom line. Iran itself is but a stepping-stone to the ultimate goal:
putting U.S.-controlled hands on the spigots of Middle Eastern and Central Asian oil, thus
providing a brake to control the political rise of China and India, and ensuring a "new
American century" of unchallenged profit and privilege. For the elite, of course; as always,
the suckers back home will get stuck with the bills and the body bags from these geopolitical games.