22-06-2013, 01:56 PM
My bolding below:
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This is always feasible with such willing helpers as Israel and Syria; and is within their control. We have seen plenty of evidence of this since 1948 when Israel closed Haifa.
Prouty rocks.
Quote:What most people overlook is that the price of oil is never a result of the function of cost to produce and is rarely, if ever, influenced directly by either "supply" or "demand". In fact, oil prices are set via the OPEC scenario and by other intricate maneuvers such as pipeline closings by Israel. Oil men, since the time of the willy John D. Rockefeller, have always wanted us to believe that petroleum has a special intrinsic value that is not related to it's market value. They also would like to have us believe that it is of organic/biological origin (which it most certainly is not), and therefore that it is being depleted at a rapid pace.
The real sleeper in all of these controls is that the world price of oil can be arranged at any level as a result of the availability or non availability of transport. A barrel of oil on the pier at Ras Tanura is not worth much, intrinsically or otherwise; but its value increases... to $20.00 we'll say in 1989... when transported to Rotterdam, or other key destinations.
Transportation makes the economy: not the other way around. And transportation barons can create prices at the gas pump that have little to do with the cost of the product at the well-head.
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Quote:As we have said above, when the Suez Crisis of 1956 closed that canal to tanker traffic the price of oil rose precipitously, and did not fall back afterwards. Again, in 1970, when Syria closed the TAPLINE system prices rose from $2.30 to $3.33 per barrel, nearly fifty percent, as Saudi Arabia and Kuwait were forced to do business with the tanker consortium. This is particularly true when its movement is limited solely to super-tanker fleets with no alternative competition. For the tanker impressarios to control the cost of the movement of oil they have to be sure that the pipelines are going to be closed and remain closed.
This is always feasible with such willing helpers as Israel and Syria; and is within their control. We have seen plenty of evidence of this since 1948 when Israel closed Haifa.
Prouty rocks.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14