SAUDI OIL BEING REJECTED

SAUDI OIL BEING REJECTED

This one was spotted by K.M., and it's another whopper, with high octane speculatable implications, so let's jump right in:

Saudi Oil Industry at Risk as American, European Refiners Refusing Riyadh’s Crude – Reports

If you've been following the "oil news" lately, you'll be aware of the fact that Russia and the (out)House of Saud have been locked in a "race to the bottom", battling each other over who can lower oil prices more. Needless to say, many people are commenting on the implications of this race to the bottom for the whole petro-dollar reserve system, and the prognostications seem to be almost universal that that system is finished. Certainly we're watching all the signs of some sort of financial reset or - to use the more euphemistic term - "transition". For the (out)House of Saud, the corona virus lockdown couldn't have come at a worse time, for with the sudden drop of demand due to the fact that people aren't traveling, as the article notes, there's now an oil glut, and European and American refineries are simply not accepting Saudi oil. This, plus the "oil war" with Russia puts a huge bind on Saudi oil fields, which - and I'm guessing here - probably cost the Saudis more to pull out of the ground than it does the Russians.

But you know me, I can't resist crawling way out to the end of the twig of high octane speculation. Indeed, today, I am once again going to walk off the twig altogether, into thin air. I'm literally thinking so outside the box here - out loud and ex tempore, as it were - that you'll have to bear with me.

Suppose, for a moment, that you're Mr. Globaloney, and you need to somehow write off all that bad paper on your ledgers that you've accumulated due to your own reckless financial speculations. Much of that bad paper is of course tied to the whole petro-dollar-reserve-central-bank system, and to closed systems of energy and physics. One way to do that would be to completely overhaul or reset the financial system with an entirely new energy paradigm, one virtually limitless, which would allow all that bad paper to be erased. How to do that? Well, contrive a story - a plandemic - by which to plunge the petro-dollar-system into a "race to the bottom." But what to replace it with? If one wishes to fundamentally "reset" the financial system, this cannot be done without a fundamental reset of the energy system: Fusion, or - even better - zero point energy; something, in other words, that would give over the long term a virtually infinite supply of energy.

Now here's the kicker: I've been arguing for a number of years, and particularly in my books Babylon's Banksters and The Financial Vipers of Venice, that systems of physics such as renewable, versus non-renewable energy sources, and systems of finance are intimately connected. A closed system physics is intimately tired, therefore, to closed systems of finance that are debt-0based. Conversely, open systems of energy would be best tied to systems of finance based not on monetized debt, but on debt-free money. But are there potential signs that this is in the works.

Well...maybe, and it's a mighty iffy and huge maybe: we've seen some odd indicators that something mighty peculiar is taking place in the financial world: the Fed sets reserve requirements to zero, effectively meaning their ability to release money is infinite; we have also seen the strange story of the Kreditanstalt fur Wiederaufbau, the German state-owned bank for reconstruction, promising an "unlimited" line of credit, if needed, to German businesses hurt by the corona virus economic downturn, implying once again that uncomfortable concept of infinity. If one ponders these moves without the context of a potential paradigm shift in energy, then these moves make no financial sense nor rationale. If, however, one ponders them in connection to a revolutionary shift in energy paradigms, then they become less irrational (without, I submit, becoming wholly rational).

Ok... you can all now pile on and call me crazy.

See you on the...

Oh, one more thing: perhaps it's worth mentioning that story from a few years ago, about the Rockefailure interests divesting themselves of their stakes in all petroleum interests and equities...

See you on the flip side...

42 thoughts on “SAUDI OIL BEING REJECTED”

  1. ghee, can’t wait until any kid or miscreant can turn a glass of water with three lasers into a H Bomb. I guess we will need a total world order to monitor everything.
    Sauds could turn buildings into dust with kerosene fuel 20 years ago, what would they not do now to be able to lift tall petrodollars against a steaming locomotive (hint: motive as in Israel’s dream) faster than an inactive fleet of bullet trains (/ superman metaphors).
    still, with change, there is hope, and motivation to survive.

  2. “cost the Saudis more to pull out of the ground than it does the Russians.”
    There are 2 ways to look at it:
    1) The cost to get it out of the ground and ready for sale. Russia is about $20, SA $10
    2) The amount for their budgets to break even. Russia is about $45, SA $80+

    As to the Rockyfellas (sort of like Good Fellas but without the charm or Joe Pesci) and their divesting of oil stocks. Funny how that happened at the peak isn’t it. Can you say insider trading boys and girls? I knew you could.

    1. I was hired, along with about 25 others, into a clerical job in 1998 when Pennzoil merged with Quaker State Oil. The cost of a barrel of oil was then at a little over $18. The inflation index puts it at $28.81 in 2019. Two years later She’ll Oil purchased the merged company. Things like that don’t happen without strategic p,anning.

  3. good points about the divestitures. IPO at Aramco comes to mind too. When take something public before playing out the real growth?

    There’s a vaguely familiar pattern here. Didn’t Germany get a massive build out BEFORE WW2? Wasn’t the freeing up of funds by banksters what got National Socialists going? Didn’t the autobahn get built during that spurt?

    1. The figures you stated are much closer to commercial estimates. The salient feature is – it costs SA much more per barrel than Russia (commercially – a bit less than half).

  4. Joseph: “A closed system physics is intimately tied, therefore, to closed systems of finance…”

    The key there is Closed…

    I have been thinking about the tie-in between finite energy systems and finite Consciousness for a long time. One would never want to release “fusion, or – even better – zero point energy” to a low-consciousness planet. It would instantly be applied to warfare. (And yes, it probably does exist in deep-black areas. But not on the street.)

    Inverting that thesis, subtle indications of a release of those technologies would imply a planetary consciousness-awakening is imminent. And the baddies know that. Probably not, but ‘silver lining in a cloud’ and all that…

  5. I will believe in the rollout of zero-point energy when NASA rolls out the Albatross from Jules Verne’s last novel Master Of The World not the movie that was The Terror. The Orion is a rehash of the Apollo astride a Titan III on steroids. As for the House Of Saud, they have outgrown their usefulness and it’s time to thrown to the wolves.

    1. Agreed. My bet is MBS will have a staged demise and go live with Diana and Marilyn and a long list Miles Mathis wrote about. Probably Micheal Crichton too.

  6. Now there’s a topic worthy of a monologue:
    Closed versus Open systems.

    Energy has been a closed system for sometime. Even wood had its limits. But the greed of man has no limits.
    [transhumanism may have designs on that]
    Thus, these closed energy systems were controlled by closed monetary systems; themselves monopolized w/power. Power in political/economic terms.
    Now to make the bait & switch. Because I don’t see the infinity of greed releasing any monopolies; unless being replaced my more monopolies.
    Granted, they might be literally free by scale;
    think Google, Facebook, Amazon, and other platform monopolies of scale. Same w/money. Doesn’t matter.
    Power corrupts, whether virtually free or not.

    1. Well said! Some people get their prefered brain drug release only when they are dominating and victimizing everyone around them. It’s the thing that makes them the happiest. Booze gives some their prefered high, drugs others, hypothesizing new ideas releases euphoria for others, some get it by helping and being nice to others, but there is that fraction that are their happiest when making everyone else miserable. When they run things infinite free energy means infinite free time and means to do so. Unfortunately for us the worst run things.

    2. Interesting that. Greed is an unnatural hunger for more. When resources are unlimited, greed is self limiting. If an entity is intent on negative towards others, it can not be greed at that point. More like envy? Which is even crazier given unlimited access to more resources.

      Imagine a pack of wolves confronted with a field of buffalo dead on the prairies from all those railroad hunts that drove Native Americans onto the Res. If the alpha in the pack is going to limit the rest of the pack from taking what they want from whatever kill they want to take, he’s gonna have to get and stay busy keeping them off. When he could much more easily go forward and take his fill.

  7. Before the free-energy devices become commonplace, free money (guaranteed income) may entice the masses to sit on their asses rather than take advantage of true energy freedom to strike out on their own initiative. Especially now that real education, civil and moral responsibility have been discounted for so many years, it will be difficult for many to appreciate the opportunity. Free energy roll-out will become the monopoly of the PTB just like the so-called peace benefit after recent wars. I hope not this time.

    1. I dunno. I see analogy in access to the net. The amount of knowledge out here now is astounding and invaluable and still we have folk twaddling around with entertainment aimed to pass the time the fastest. You have no idea how many phlebotomists I have seen fly through hours of CandyCrush at blood drives. These are grown people who memorized books of SOP’s for their jobs.

      Folk trained to dumb down did so for these decades. I imagine something similar will come to pass with energy.

      A scarier bit is how they will be limited too as we are becoming aware of now. The shadowbanning was discreet and hard to prove at first. The careful guidance of our searches was apparent decades ago. The hostile guidance only became in our face in the last 5. Now it’s downright petty. Last week a friend coming to terms with obesity and depression who’s had great first efforts at keto and crossfit told me her facebook post was removed for violating community standards just after she posted that she was watching Magic Pill.

      That level of petty and individualized malevolence scares her. Feels like folk are grocking this in this GATES to hell plandemic. Now that we’re starting to grock how to be whelmed (not under not over), we need to work on what I call the Terminator (tv series) paradigm. How does one or more keep going let alone succeed and stay whelmed against such odds?

  8. Well with this breaking news the stock market is soaring to new highs despite lack of activity and real growth! Keep up these types of speculations the stock market needs them!

    1. I’ve read that (can’t recall source- was just so fleeting) Trump has nationalized the FED but no proof behind this statement; do you have a link to prove your posting?- please inform- would interest me (probably all) greatly-

      Larry in Germany

  9. Yep, I think a lot of us are thinking the same thing, Dr. Farrell. Here’s my problem: I feel like an ancient slave in Rome whose master has asked me to attend today’s gladiatorial games with him. This is a new development, and comes just days after an internal issue within the household of which I was a primary witness. Not only am I being required to observe the savagery and horror of men versus animals or gladiators versus slaves, I know this is a message. “Tell me what you know or you might find yourself in the arena.” In other words, we’re on the sidelines watching bloodsport–and are expected to observe, and participate in the possibility of, our own demise with enthusiasm and gratitude. The choice is mine: attend and face the consequences, or turn away and prepare for the inevitable. At least with this master, he is an honorable man. But those with whom he will attend, they are genuine monsters! I have an hour to decide. Should I trust in my master’s mercy? Or, should I go and observe this spectacle. Whatever the outcome this changes everything!

    1. Another deep concept, when one probes deeply into the master slave relationship. There is a quote on the tip of my tongue, that turns master/slave upside-down; and shows extremely deep connections of whose really who.
      [I’ll post that quote later when I think of it]

      1. As usual, RB, you and I are thinking similarly. This parable is intended to push the limits of the relationships embedded in this theater of death thrust upon us by some very corrupt people. Remember, it was the slaves who eventually became the masters in Rome. Neither situation ended well.

    2. Amazing lines of thought. Focused on that for generations of dogs our neighbors rave about. Not robotic. Humor filled anticipatory. Dang near impossible to get full command out before completed. Once thought about teaching the border to turn the hose off outside. Made a mistake like that once on a gate. So no, he still (apparently) does not know how to turn the hose off (or on).

      Here’s the thing. Everyone, including family who make a living at dog training are baffled. They don’t realize that love (not baby talking junk) is stronger than fear. Their number one goal is to make us laugh with surprise. That’s why hide and seek is their favorite. They get better every time too. Amazing.

      At some point one has to wonder who owns who. If not then it’s destructive, ineffective and horrific. Kinda like what we see most places we look today. Hence a reality TV host doesn’t look that ridiculous in the WH.

      So yes, a real master – slave or any livestock – is family to that entity. Position, knowledge and abilities of the master and slave are different or that relationship would never have existed. All positive feelings are the only real ones and the only ones that work. That goes for loyalty, empathy, sympathy, all of em. They all come under the heading of love. And so as ever there is only fear and love and only love is real.

      So OC, be sure if our dog were the slave in that arena, he’d be pulling at the invite.

      1. That, too, is also true. When the lines blur between “slave” and “master”, as it so often did in ancient Roman culture, the “slaves” are manumitted with property, salary and family in tow. Occasionally, a “slave” is adopted as son, but that is a rare occurrence. Historically, though, these practices were most often left to those who were most like their masters, and many of the successful transfers were among lesser men. But when both master and slave were spiritually enlightened, the transformation was magical.

        Though I hate the institution–especially the debt-slavery model which rests at the foundation of our modern economic system–the classical formulation had opportunities for genuine spiritual transcendence. You are right about the canine companions and cattle. Their love and loyalty are unquestionable. If we are to ever become spiritual embodiments of our Creator in this life, we best remember this and show kindness, love and charity to all who need it–whether deserved or not. But our greatest struggle lies with those who believe these attitudes are a sign of weakness–and seek to exploit it.

  10. As an arborist, I’m often crawling out to the end of the twig, but rarely fueled by high octane speculation, unless, of course, I’m listening to a podcast with DrJPF.

    1. Uh, huh… Too many of us here suspect this financial reset had space and energy at the heart of it. But there are other concerns, also. Great catch!!!

  11. How long will you and I have to wait for a cheap, “Jetson” style flying car and self-powered home? Will they be here anytime soon, i.e. in the next 5 years? No? Well in the meantime, if petroleum is about to be junked, I propose “fuel QE”, with petrol/gasoline distributed at the pump free to all comers, with a small nominal fee – say a full tank costing like a cup of coffee. This might sound naive, but there are stranger things going on out there.

    1. Not to ‘rain’ on your idea, Dana because it is a good thought. What might keep the ‘cost’ high could easily be attributed to the ‘cost’ to the environment from burning all that dirty, polluting oil. A ‘cost’ that still needs to be mitigated. Gotta consider Greta T’s position because it is not yet time to ditch her ‘usefulness’ to THEM. Just a thought.

  12. The House of Saud is being prepared to take-the-fall for 9/11 (to cover a certain rogue Middle East country’s main involvement). Putting oil-price pressure on them from an oil glut is one lever, but there has been a slow ramp-up of efforts to tie them (alone) to 9/11. Witness everything from digging-into HoS payments to certain 9/11 individuals to Congress’ efforts to make HoS assets sue-able by 9/11 claimants to the very elevation of MbS (a much-hated character both within Saudi Arabia and the general world due to his ruthless actions).

    In my humble opinion, the above has much to do with the University of Alaska / Fairbanks – in particular their Institute of Northern Engineering. The baddies backing that rogue Middle East country have noticed a report being slowly prepared which all but seals the case that Building 7 was brought down by demolition:
    “A Structural Reevaluation of the Collapse of World Trade Center 7”
    http://ine.uaf.edu/wtc7
    “The principal conclusion of our study is that fire did not cause the collapse of WTC 7 on 9/11, contrary to the conclusions of NIST and private engineering firms that studied the collapse. The secondary conclusion of our study is that the collapse of WTC 7 was a global failure involving the near-simultaneous failure of every column in the building.”
    (Good for them, and very brave.)

    Thus, it appears that pretty much every American smarter than a clam is soon going to be yelling for blood (outside of certain dual-citizens). The baddies want to get out in front of that reality, since certain prominent neocons and elements of US alphabet agencies seem to be up to their eyeballs in 9/11 planning and carry-through. Their response seems to be a combination of throwing the HoS under the bus and introducing maximum Chaos through plandemics, a new Great Depression, oil shocks, and maybe a few False Flags. They are hoping to divert the dawning realization of what really happened concerning 9/11 through an evil Shock and Awe campaign.

    Fortunately, some American people are waking-up to how badly they have been Played…

    1. I agree that this study (which I’ve been waiting for years to be finalized) is a huge boom… but unfortunately, I think it will fall on deaf ears, much like A&Es other work.

      As with the rest of the country the architectural and engineering fields are mired in Federal contracts–over 50% and their leadership has shut down any conversation about 9/11 truth over the previous 5 years, particularly at their open “town hall” type meetings during the national convention where promoters of subjects of concern get 10 minutes of presentation to garner interest. 9/11 info booths were eliminated.

      I was asked to help lead the awakening within my peers but the A&E group was infiltrated long ago and promotes a very specific and I believe in accurate platform. I still promote their info to as many colleagues as I can AND THEY WILL NOT ENGAGE. It’s stunning.

      But the same infiltration has occurred in the medical and science and food industries. Education. Military. Justice. They’ve been at this a long time. I don’t know the exact reason for the timing but they have all the chess pieces right where they are needed.

      1. I read an international relations study on how universities and all their studies do not touch this third rail. and it’s effecting studies. since US IR is based on that victimhood status for last 2 decades.

      2. layers of lies to keep building the next layers of lies on. suppose the authorities figure that as long as these lies are required of non-decision makers, that no pertinent accuracy is lost? kinda like Bill Hicks’ bit about taking newly elected presidents to the oval office to watch a video from an angle on the grassy knoll that no one else has ever seen yet?

    2. Good to see your post.
      Just this early this morning I was thinking of bot 9/11 and the covid19 ops w/in ops. I though when the truth finally is released from their grip; all hell is going to break loose. But the truth is still caged; and another controlled demolition is being set to once again, to mask it w/in the smoke & mirrors of another op w/in ops.

  13. Add to the list the unusual move of taking out the Iranian general. Retaliation by Iran would be to put pressure on oil prices. What if oil was out of the equation? You wouldn’t need to worry about such countermoves.

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