Oil Prices Slump: How Sino-Russian De-Dollarization May Save the Day, by F. William Engdahl / Sputnik International

http://sputniknews.com/politics/20160222/1035171186/oil-prices-slump-dedollarization-china-Russia.html

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The world is simmering with rumors over the potential freeze of crude output levels by oil producers.

Following the February 16 meeting of Saudi Arabia, Qatar, Venezuela, OPEC and Russia’s energy officials in Doha, Russia’s Energy Minister Alexander Novak told the “Vesti on Saturday” program that the consultations on oil production stabilization are expected to be over by March 1.

“We agreed that all consultations should be over by March 1,” Novak said, adding that the countries who support the freeze account for 75 percent of total oil exports.

Over the past year and a half crude prices have crashed 70 percent. Given the preliminary agreement concluded by the oil ministers, is it possible that we will see an increase in the oil price in the near future?

“‘Freezing’ at present output levels by Saudi means the over-production will continue,” American researcher, historian and strategic risk consultant F. William Engdahl pointed out an exclusive interview with Sputnik.

According to the researcher the current oil price slump is a reflection of a deeper, long-term strategy by the Anglo-American oil moguls.

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“Oil is their game since a century or more and still is,” he stressed.

“The post-September, 2001 Anglo-American strategy has been to destroy, one by one, the independent state-owned oil companies of the entire Middle East beginning with Saddam Hussein’s Iraq. Dick Cheney as CEO of Halliburton [one of the world’s largest oil field services company] said as much in a 1999 speech in London,” Engdahl continued.

Indeed, in his 1999 speech, just four years before the US’ Iraqi invasion, Richard Bruce Cheney said:  

“By 2010 we will need on the order of an additional fifty million barrels a day. So where is the oil going to come from?… While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies.”

Iran and Iraq targeted each other’s oil facilities during the Iran-Iraq War.

According to Cheney, technology, privatization and the opening up of a number of countries could create new opportunities for oil corporations.

However, regional state-owned oil companies constitute a kind of obstacle in the way of major oil producers’ expansion.

OPEC Is Out of Business, But Dollar Crash Will Save the Oil Price

“Oil is unique in that it is so strategic in nature. We are not talking about soapflakes or leisurewear here. Energy is truly fundamental to the world’s economy. The Gulf War was a reflection of that reality. The degree of government involvement also makes oil a unique commodity. This is true in both the overwhelming control of oil resources by national oil companies and governments as well as in the consuming nations where oil products are heavily taxed and regulated,” Cheney emphasized back in 1999.

In this light it is hardly surprising that Cheney, the 46th Vice President of the United States from 2001 to 2009, supported the invasion of Iraq under former President George W. Bush.

However, you would be surprised to know that in 1994 Dick Cheney, who also served as the Secretary of Defense between 1989 and 1993, strongly opposed a potential US military campaign against Saddam Hussein. He warned that the invasion would create a quagmire in the Middle East and result in the splitting of Iraq. That means, US political establishment was fully aware of the consequences of their future adventure.

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“Then in 2010 they escalated to the Arab Spring, to destroy Qaddafi’s Libya, Egypt, Syria, oil and gas pipelines,” Engdahl underscored.

“Ultimately, the plan is to destroy Saudi Arabia as well as Syria and Turkey in order to destroy any independent Saudi or other Middle East oil power [Anglo-American financial and political establishments] do not fully control. They are letting the situation of oil prices bounce on the bottom to gain that end — re-control of the global oil and gas market in hands of their Wall Street and City of London bankers,” the researcher told Sputnik.

Is it possible that European and American “oil barons” are pressuring the petroleum-dependent economies into privatizing their oil sector in order to buy their assets?

“Privatization of state oil companies is the dream of the Wall Street Oil Barons, especially those of Russia, since 1990. Nations and states should hold on to strategic assets, not sell them one-off for a song, whether national railways or state oil and gas companies,” Engdahl emphasized.

Indeed, Riyadh, struck by the oil slump has already begun discussing the privatization of Saudi Aramco — the Saudi national petroleum and natural gas company based in Dhahran.

A flame from a Saudi Aramco (the national oil company) oil installation known as “Pump 3” burns brightly during sunset in the Saudi Arabian desert near the oil-rich area Al-Khurais, 160 kms east of the capital Riyadh

“I have recently written and say here again, the, as you refer to them, Oil Barons-the Anglo-American bankers who today control oil markets of the world via derivatives, manipulation of markets, via the role of the dollar as reserve currency — plan to de facto destroy Saudi Arabian oil hegemony, destroy Turkish Erdogan’s ambitions, even if it means the destruction of much of the oil states of the Middle East,” the researcher elaborated.

“Then of course the oil price will rise, but at what a cost,” he stressed.

Crossing the Gulf: China Sets Eyes on Middle East

So is there any way out for petroleum-dependent economies?

Given the current level of demand, an oil price hike is impossible. However, a global infrastructural/industrial project could potentially save the day by increasing the demand sharply.

Can the ambitious Chinese-led New Silk Road project result in crude prices rising?

“The China-led New Economic Silk Road is a beautiful project and could lift the entire world out of economic misery, especially in connection with Russia and the Eurasian Economic Union countries and with Iran,” Engdahl told Sputnik.

The researcher underscored that the issue is far more complex: it is not about the recovering of oil prices but about the hegemony of the dollar-based system, used as a stick to beat those unwilling to bow before the Western financial and political establishment.

“The connection with oil prices for that is a topic far more complex. It would require that the steps begun in the past three years by China, by Russia especially, to de-dollarize their mutual trade, to de-dollarize, as Russia is in the process of doing,  by creating a Urals benchmark at the St. Petersburg Exchange, and such steps, be accompanied by fundamental changes in the status of the central bank, that it be a national bank in state hands, with an explicit mandate not to control inflation against the US dollar, but to issue state credit to build the Russian economy, along the lines begun by Pjotr  Stolypin, Sergei Witte and others in earlier times,” Engdahl elaborated.

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2 Responses to Oil Prices Slump: How Sino-Russian De-Dollarization May Save the Day, by F. William Engdahl / Sputnik International

  1. enki says:

    The term ….Anglo – American ….is …..INCORRECT………………………..Imho.

    The….PERFIDY….of the ….FAKE “British” & PSEUDO “American”…….a$hkeNAZI…AGENDAs….has nothing to do with … Indigenous British… and Main Street Americans.

    THEY create CHAOS & COLLAPSE and then start roping in the taxpayer to take a financial hit and……CURTAILMENT……of liberty.

    Y A W N

    P.S. I am not convinced de-Dollarization will do anything to….CLEAR UP…. Wall Streets….GODZILLA….. OIL DERIVATIVE…………..time BOMB.

  2. Robert Owen says:

    When you say ‘THE DOLLAR CRASH” I would suggest if you live in honor and truth and you are not someone who is not trying to provoke FEAR, and propaganda, then here is a more truthful and honorable way to express your opinion, for your opinion has no more legitimacy than mine or anyone else’s does, as long as it is the truth backed up by facts.
    And where are some facts.
    #1. The “Dollar’ is properly measured and standardized to a very specific weight and measurement of precious-metals value.
    Article 1 of the US Constitution, clearly states in plain English, that “only gold and silver are lawful money” to pay and discharge debts.
    That is about as straight as you’re going to get it in English, and this mandate as the supreme law of the land, was never amended nor repealed by any duly constitutionally authorized body politic, to change it.
    Because I have sent over 100 letters to many official offices of the state and federal court systems and agencies, also stating this fact throughout my life to many federal and state courts operating under Admiralty, that it is unlawful to the US Constitution to use counterfeit fiat money in an attempt to usurp the Supreme Law of the land, by using a debt instrument to pay off a debt, which is to dishonor yourself.
    And thus as someone who has sworn an oath to defend and protect the organic Constitution of America of 1789, with the US Department of Defense and the Pentagon, upon which I was granted several of the highest security clearances this nation gives out to trust me to guard its State , I have done so with trust and honor, for I refuse to live in dishonor, and disgrace, particular to those many Americans who have given the ultimate sacrifice of their lives, the wounds and suffering they live with, and their fortunes and loss of their loved ones, that for me go back to the 17th century when my extended family came over to the north American continent with William Penn to settle this land among the native Americans already here, long before the establishment of this nation.
    with myself and those I interact with, as a de jure sovereign, free and independent living spirit of the air, from which I operate on the land patent of the original united States of America, and thus will not violate or abrogate my oath to the US Constitution, or choose to live in dishonor of myself with zero integrity to my fellow Americans.
    But, since 1993, when House Joint Resolution 192 established the US Bankruptcy Act, all gold was recalled by Executive Order unlawfully, and was stolen by FDR and the International banking House of the Crown Templar through the incorporation of the UNITED STATES OF AMERICA, INC, that morphed into the North American Water and Power Alliance, and its many subsidiaries of corporate State charters, where trying to find any duly constitutional officer that has a public Bond and oath of office in place, is like finding the Rosetta stone in the Pacific Ocean.

    The value of a de jure dollar had been set to little over a gram of .999 purity of gold.
    I am old enough to have cashed my weekly paycheck at the local Bank of America at the GOLD WINDOW, where I received equal consideration of value for my labor in gold.
    Now when you receive paycheck, you are not given equal consideration in the value of your labor to a given value of gold as tender in payment for the labor value your human energy produces, where instead all you are given in return is debt instrument, even since the US Corporation and its many franchised subsidiaries, a negotiable instrument that the Congress said we can use to make transactions that are not lawful under the US Constitution, because Article 1 was never amended nor repealed.

    To say the “DOLLAR will CRASH” is patently FALSE!
    It is actually being reintroduced as “LAWFUL DE JURE MONEY”
    Therefore the manner in which you present your information is not true but fraudulent, which brings into question the true nature of why anyone would distort the truth, other than to present disinformation in a form consistent with propaganda designed to provoke fear.
    Which is a form of “terrorism of the mind” that only sick, sociopathic people use, who are out of peace, harmony and balance with their mind, body and soul.
    A fact in biology and spiritual discernment, that only serves to destroy what it means to live in service to love for life and service to facilitate the basic essentials of what it means to have a human experience that brings happiness and fulfillment in life to our communities.
    It is us who have been fighting in the trenches for decades that began in the mid 1960’s, to dismantle and bring to justice before the International War Crimes Tribunal, including Crimes against humanity, which over time would make what we are experiencing now only inevitable.
    Its why the forces of this Satanic evil enterprise had gone unhindered for decades, to exploit, bribe, murder members of the US legislative, judicial and executives offices that were governing this country, that allowed the Bushes’ of the world to steal from the American people their wealth and prosperity, to build the infrastructure of intelligence and surveillance apparatus, needed with the nexus to their corporate system of courts and massive institutional oligarchy in our schools, financial institutions and woven into every community through their Satanic Free-Mason Branch offices in every community, that became so powerful and pervasive, the only way we could bring this level of evil down to size, was through the alliances of global military assets and civilian and private family wealth and alliances, where we are finally making headway.
    We are in a word, swapping out monetary systems from one which was being run by a Satanic New World Fascist Order of genocidal sociopathic psychopath’s, to a financial system rooted in stability, honor, and ultimately, “SANITY” for God sakes.
    Its why the US military has taken the lead to restore the western hemisphere with help from the east, which was the basis of what came out of the FEDERAL FARM BANK CLAIMS CASE IN US DISTRICT COURT in June 1993 in Denver CO, [When you say ‘THE DOLLAR CRASH” I would suggest if you live in honor and truth and you are not someone who is not trying to provoke FEAR, and propaganda, then here is a more truthful and honorable way to express your opinion, for your opinion has no more legitimacy than mine or anyone else’s does, as long as it is the truth backed up by facts.
    And where are some facts.
    #1. The “Dollar’ as you say is properly measured and standardized to a measurement of value. By the US Congress, through Article 1 of the US Constitution, that means that “only gold and silver are lawful money” to pay and discharge debts as lawful tender. But, since 1993, when House Joint Resolution 192 established the US Bankruptcy Act, all gold was recalled by Executive Order unlawfully, and was stolen by FDR and the International banking House of the Crown Templar through the incorporation of the UNITED STATES OF AMERICA, INC, that morphed into the North American Water and Power Alliance, and its many subsidiaries of corporate State charters, where trying to find any duly constitutional officer that has a public Bond and oath of office in place, is like finding the Rosetta stone in the Pacific Ocean.

    The value of a de jure dollar had been set to little over a gram of .999 purity of gold.
    I am old enough to have cashed my weekly paycheck at the local Bank of America at the GOLD WINDOW, where I received equal consideration of value for my labor in gold.
    That was in 1968 before President Dick Nixon took us off the remainder of precious metals backed currency to total fiat IOU promise to pay debt driven phony baloney money, which is unlawful.
    Thus when you receive a paycheck, you are not given equal consideration in the value of your labor to a given value of gold as tender in payment for the labor value your human energy produces, where instead all you are given in return is debt instrument, even since the US Corporation and its many franchised subsidiaries, a negotiable instrument that the Congress said we can use to make transactions that are not lawful under the US Constitution, because Article 1 was never amended nor repealed.

    To say the “DOLLAR will CRASH” is patently FALSE!
    It is actually being reintroduced as “LAWFUL DE JURE MONEY”
    Therefore the manner in which you present your information is not true but fraudulent, which brings into question the true nature of why anyone would distort the truth, other than to present disinformation in a form consistent with propaganda designed to provoke fear, which is a form of “terrorism of the mind” that only sick, sociopathic people who are out of peace, harmony and balance with their mind, body and soul, that only serves to give service to those evil and vile vermin of the Satanic Luciferian cabal of the Crown Templar and NAZI Zionist Bush/Clinton Mob of the New World Order, that millions of us around the world have been fighting in the trenches to dismantle their monetary system of fiat, hypothecated criminal derivatives market, and the theft of trillions of dollars they have stolen from the American people, to export our industries over to China and Asia and Russia, to bankroll their fortunes used to initiate and pay for all of the immense money and resources it takes, to implement such a global scheme of holding the world hostage, to the most evil and predatory form of genocide and ecocide tyranny in human history, that we are now bringing down before your very eyes. You are witnessing the take down of the most evil, corrupt and Satanic force of evil on this planet, who has reigned over humanity for over 700 years through international monopolies of banking and exploitation of planetary natural resources and human labor, that is being restored to its sovereign owners, the inhabitants of those countries that if rightfully belongs to.
    Thus what we see happening in the world today on the geo strategic socio-economic-political and military scale, is a restoration of sanity, by people who put the natural universal law of nature and our Creator as a priority, where we value life, love and service to the community of life and the natural ecosystems all life depends on to live in harmony and balance, and remove from this paradigm the evil and destructive energy of those who put money and power and control over others, what it means to live in honor, truth and the rule of law, to cooperate and bring the world into balance.
    and bring to justice before the International Tribunal of war crimes and crimes against humanity, that brought this on in the first place, that is why the US military has taken the lead to restore the western hemisphere with help from the east, which was the basis of what came out of the FEDERAL FARM BANK CLAIMS CASE IN US DISTRICT COURT in June 1993 in Denver CO, [CASE# CV 92-C-1781] that eventually led to the US Supreme Court ruling, that established the IMF, FEDERAL RESERVE was an unlawful and rogue group of racketeers, that engaged in global massive criminal bank fraud, identity theft, personage, barratray, genocide, ecocide, kidnapping, false imprisonment, human slave trafficking, ad infinitum, that out of these findings it was determined, that the claims that should be paid out by the IMF/ FED and Crown Bank of England amounted to a dollar value in the many trillions of dollars, and because of the huge implication to this ruling, it was decided to place a gag order by the justices.
    The damages that were sought by the plaintiffs in the case, is what led to NESARA.
    The National Economic Security and Stabilization Act, and when payouts to every person in the west were to proceed on September 11th 2001, the WTC and the Pentagon were hit, because the WTC on 1st and 2nd floors housed the huge new computer banks that were going online that morning to terminate the fed swift system, and disburse the PPT Prosperity Trust Packages linked to the restitution the banks were charged with having to pay as a result of their massive fraud and theft of national and international wealth that was stolen by this insidious evil cabal of NAZI Zionist Satanic entities.
    Its why in response their own insider moles and assets were able with Bush, Cheney and Bryzinski and CFR and Rockefeller assistance, were able to bring down with high tech engineering, the WTC was destroyed remotely from building 7.
    In much the same way the same Illuminati group of Rothschild Rockefeller, JP Morgan, Warburg and Edward House families, were able to have the White Star lines Captain of the Titanic, steer a collision course with an ice berg, because many of the bankers opposed to the new Federal Reserve and New World Order plan were aboard the Titanic.
    And I know this first hand from my own grandfather who with my grandmother had first class passage on the maiden voyage of the Titanic,, who was business partners with King Edward and his wife (gay) Wallace Simpson, who also had close business ties with the House of Windsor and JP Morgan and Chase Bank, who later told me of this, so the Federal Reserve would go forward, and fleece the wealth and prosperity of the American people for the next 100 years.
    Just like the Office of Naval Intelligence White Knights who were overseeing the PPT Payouts to NESARA, were hit with a Drone right where there offices were.
    You need to start living in honor and truth, otherwise you just represent nothing more than a lower-evolved creature who has yet to connect with your higher-self, which allows the full potential of your intellectual, emotional, physical and spiritual attribution, to reach a higher state of being, to become a co-creator in the universe, to live in peace, love, harmony and balance, instead of a negative energy force of electric masculine energy, that has yet to ignite and fire up all 12 strands of your DNA and the 64 amino acids that our Creator placed into the manifestation of what our full human potential can bring to the universe of life those of us who have, we welcome you to that reality.

    We have been using unlawful fiat private bank script that has been deliberately used by the Satanic Luciferian Jesuit Order of Free Masons that have been tied to the House of Rothschild banking enterprise and Crown Templar, IMF and Federal Reserve Swift System of international exchange, where the US Military under the leadership of the Joint Chiefs of Staff and its Chairman General Dunford who has been systematically working with the Russians, Chines, Germans, Italians, French and Japanese Abe government that was tied to the Bush Khazarian gang of the Fed is being systematically dismantled and why the US Dollar is simply going to be reverted to its de jure and US Constitution provisions, which means it’s going to be backed by gold silver and precious metals, and no longer by worthless paper IOU’s.

    Another words, if you have been paying attention. The world is undergoing a major transformation for the first time in 700 years, out of the dark ages, into the age of light and love, to live in greater peace, love, harmony and balance.
    A fact that will live in infamy, by restoring America and the rest of the world in peace, prosperity and cooperation, where for us, it means being, ‘Sovereign” with “De Jure legitimate and lawful Constitutional” authority.
    And purge this planet from the evil and vile satanic group of free mason Illuminati alliance with their NAZI Zionist international banking parasites, to a world that lives in honor, truth and virtue.
    We will no longer be using unlawful “Dollars” that have been in circulation ever since the unlawful and not properly ratified “Federal Reserve Act”, that ushered in Federal Reserve Notes was ushered in, and hypothecated a million times over to the nexus to the birth certificates issued in America, since the bankruptcy act of 1933.
    A fact that eventually led to the US Supreme Court ruling, that established the IMF, FEDERAL RESERVE was an unlawful and rogue group of racketeers, that engaged in global massive criminal bank fraud, identity theft, personage, barratray, genocide, ecocide, kidnapping, false imprisonment, human slave trafficking, ad infinitum, that out of these findings it was determined, that the claims that should be paid out by the IMF/ FED and Crown Bank of England amounted to a dollar value in the many trillions of dollars, and because of the huge implication to this ruling, it was decided to place a gag order by the justices.
    The damages that were sought by the plaintiffs in the case, is what led to NESARA.
    The National Economic Security and Stabilization Act, and when payouts to every person in the west were to proceed on September 11th 2001, the WTC and the Pentagon were hit, because the WTC on 1st and 2nd floors housed the huge new computer banks that were going online that morning to terminate the fed swift system, and why the WTC was destroyed, much in the same way the same Illuminati had the captain of the white tsar line direct the Titanic into a collision course with an ice berg, because many of the bankers opposed to the new Federal Reserve and New World Order plan were aboard the Titanic.
    Just like the Office of Naval Intelligence White Knights who were overseeing the PPT Payouts to NESARA, were hit with a Drone right where there offices were.
    You need to start living in honor and truth, otherwise you just represent nothing more than a lower-evolved creature who has yet to connect with your higher-self, which allows the full potential of your intellectual, emotional, physical and spiritual attribution, to reach a higher state of being, to become a co-creator in the universe, to live in peace, love, harmony and balance, instead of a negative energy force of electric masculine energy, that has yet to ignite and fire up all 12 strands of your DNA and the 64 amino acids that our Creator placed into the manifestation of what our full human potential can bring to the universe of life those of us who have, we welcome you to that reality.

    We have been using unlawful fiat private bank script that has been deliberately used by the Satanic Luciferian Jesuit Order of Free Masons that have been tied to the House of Rothschild banking enterprise and Crown Templar, IMF and Federal Reserve Swift System of international exchange, where the US Military under the leadership of the Joint Chiefs of Staff and its Chairman General Dunford who has been systematically working with the Russians, Chines, Germans, Italians, French and Japanese Abe government that was tied to the Bush Khazarian gang of the Fed is being systematically dismantled and why the US Dollar is simply going to be reverted to its de jure and US Constitution provisions, which means it’s going to be backed by gold silver and precious metals, and no longer by worthless paper IOU’s.

    Another words, if you have been paying attention. The world is undergoing a major transformation for the first time in 700 years, out of the dark ages, into the age of light and love, to live in greater peace, love, harmony and balance, by restoring America and the west to its de jure Constitutional authority, from what it was by an evil and vile Satanic group of free mason Illuminati alliance with the NAZI Zionist international banking community.
    Its why to live in honor and truth, you won’t use dollars that have been in circulation ever since the unlawful and not properly ratified Federal Reserve Act, that ushered in Federal Reserve Notes that have been hypothecated a million times over to the nexus to the birth certificates issued in America since the bankruptcy act of 1933.
    RESOURCES;
    Change is on the Horizon Part 3 of 3 The Farmer Claims Program
    http://mainerepublicemailalert.com/2016/02/17/change-is-on-the-horizon-part-3-of-3-the-farmer-claims-program-2/
    ON YOU TUBE VIDEO

    Change is on the Horizon Part 3 of 3 The Farmer Claims Program
    http://mainerepublicemailalert.com/2016/02/17/change-is-on-the-horizon-part-3-of-3-the-farmer-claims-program-2/
    ON YOU TUBE VIDEO

    Chatter: Obama Sought Arrest of Bush and Cheney for 9/11 Treason
    http://www.veteranstoday.com/2011/09/09/chatter-obama-sought-arrest-of-bush-and-cheney-for-911-treason/

    AFFIDAVIT SENT TO THE CLERK OF THE US DISTRICT COURT IN THE STATE OF MAINE
    https://mainerepublicemailalert.files.wordpress.com/2014/08/usa-vs-messier-robinson.pdf
    Extra Judicial Notice: US SUPREME COURT filed by Common Law Alaska Superior Court Judge Anna Von Reitz.
    https://fourcornersdoctrine.files.wordpress.com/2016/01/extra-judicial-notice-to-the-supreme-court.pdf
    AFFIDAVIT SENT TO THE CLERK OF THE US DISTRICT COURT IN THE STATE OF MAINE
    https://mainerepublicemailalert.files.wordpress.com/2014/08/usa-vs-messier-robinson.pdf
    Extra Judicial Notice: US SUPREME COURT filed by Common Law Alaska Superior Court Judge Anna Von Reitz.
    https://fourcornersdoctrine.files.wordpress.com/2016/01/extra-judicial-notice-to-the-supreme-court.pdf

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