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Gasoline falling to $1.13 per gallon?! Title:
Gasoline falling to $1.13 per gallon?! | Resources to aid your Understanding |
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THE CUTTING EDGE
Copyright © 2012 Cutting Edge Ministries. All rights reserved. See full copyright notice below.
What is an "October Surprise"?
Since any Presidential election occurs on the Tuesday after the first Monday in November, any dramatic event in the month of October may powerfully swing the electorate one way or the other. Since the White House incumbent controls the armed forces and the diplomatic corps, he has the authority to stage a crisis which could persuade voters to cast their ballots for him.
Since only days or a few weeks are left before the early November election, the challenger does not have enough time to regroup and appeal to the voters to disregard the urgent news of the day and cast their votes for him.
An "October Surprise" is seen as benefiting the incumbent President or Governor. What is an example of an "October Surprise" in a Presidential election?
"Just four days before the vote that year (1992), Ronald Reagan's defense secretary Caspar Weinberger was implicated in the Iran–Contra affair. Though he claims to have been opposed to the sale on principle, Weinberger participated in the transfer of United States TOW missiles to Iran, and was later indicted on several felony charges of lying to the Iran-Contra independent counsel during its investigation. Republicans angrily accused Independent Counsel Lawrence E. Walsh of timing Weinberger's indictment to hurt George H. W. Bush's re-election chances, and on Christmas Eve 1992, in the waning days of his presidency, Bush pardoned Weinberger, just days before his trial was scheduled to begin." (Wikipedia Online Encyclopedia)
This example is classic "October Surprise". There is no doubt but that the reelection chances of President George H.W. Bush were damaged further by this last-minute indictment. However, this last-minute surprise probably did not hurt Bush more than his refusal to live up to his 1988 election promise to not raise taxes. When Bush cooperated with the Democratically-controlled Congress to raise taxes, he doomed his chances of getting bedrock Conservative voters who remembered his dramatic pledge "Read my lips; no new taxes".
In many recent Presidential elections, someone in the Mass Media or in one of the candidate's camps, brings up the possibility of an "October Surprise" of one sort or another that might guarantee the reelection of the incumbent. Well, I am proposing the most significant"October Surprise" in American history: the sudden collapse of gasoline prices by the same 70% drop which natural gas prices have already plummeted, and for the same reason.
First, let us review the historical, but recent, plunge in natural gas prices.
NEWS BRIEF: "Gasoline: 70 percent off", by Newt Gingrich, Human Events, 3/7/2012
"... the price of natural gas has collapsed, largely due to an enormous increase in American supplies made possible by new discoveries and technologies ... The reversal comes thanks to the shale gas revolution, improvements in technology that have made it possible to retrieve the natural gas trapped in shale. In the period of just a few years, our estimated supply in North America has gone from less than a decade’s worth of gas left to more than a century’s worth."
Searching just a few minutes allowed me to confirm the facts which Newt presents, above.
NEWS BRIEF: "Natural gas prices drop sharply on bulging supply", Yahoo Financial News, March 8, 2012
"Natural gas is falling sharply after U.S. supplies declined less than expected last week. Natural gas dropped 4.9 cents Thursday to $2.253 per 1,000 cubic feet, its lowest level in a decade. A mild winter has caused weak demand for natural gas, which is used to produce electricity and heat homes. There also is a huge increase in supply because producers are accessing more underground reserves."
This "underground reserves" to which this article refers is, indeed, shale underground reserves. This current news story illustrates just how active America's extraction of oil and gas from shale has become.
NEWS BRIEF: "Shale boom turns North Dakota into No. 3 oil producer", Reuter's News, March 8, 2012
"North Dakota has overtaken California as the third-largest U.S. oil-producing state, as the controversial fracking technology boosted shale oil output and cut the Midwestern state's unemployment rate to the lowest in the country ... The state's January oil output rose to 546,050 barrels per day (bpd), up 59.2 percent from a year earlier, after output in the Midwest state's Bakken and Three Forks shale prospects rose some 11,000 bpd to a record 480,700 bpd ... North Dakota, located along the Canadian border, has upended the U.S. oil market since 2007 and its output has eclipsed that of OPEC member Ecuador thanks to advances in horizontal drilling and hydraulic fracturing. Production has doubled in the three years since 2009."
"... Oil companies say there are more jobs than people in North Dakota."
Newt is entirely correct when he states that natural gas prices have plummeted 70%. Just in January, 2006, natural gas was selling for $8.01 per 1,000 cubic feet. Despite the current plan of the Global Elite to keep energy prices sky high, as the Illuminati Card Game, above, illustrates, in the end, speculation could not keep the prices from falling through the floor. Market forces of supply and demand finally overwhelmed the natural gas speculators.
Could a similar plunge in prices occur in oil and gas? After all, oil and gas are available as abundantly in shale rock as is natural gas. Let us return to what Newt Gingrich is telling us.
"Several weeks ago in this newsletter, I suggested $2.50 should be an attainable price for a gallon of gasoline with an aggressive American energy policy which, among other things, greatly expands drilling permits for federal lands. $2.50 would be about a one-third decline in price from Monday’s national average of $3.77 per gallon. A similar 70 percent drop in gasoline prices would give us $1.13 a gallon gasoline. That’s less than half of the $2.50 a gallon I have argued should be realistic. So while it’s not possible to make a direct comparison between the oil market and natural gas markets, there should be no doubt that a substantial supply increase can yield a big drop in price. Expanding our exploration and development of oil can bring similar economic forces to bear on the cost of gasoline that have produced this collapse in natural gas prices."
Market Forces of supply and demand are beginning to exert a tremendous force downward on gas and oil prices. However, for the moment, the Illuminati does not want the retail price to drop now. They are too busy transforming the American economy from a Capitalist to a Fascist System through a manufactured economic crisis, a plan which we first aired in 1992 and which President Bush's Treasury began in September, 2008, when "bailouts" were first doled out.
This process is not as complete as the Elite want it to be, so we have gas and oil retail prices held artificially up. What forces are keeping crude oil prices up, even in the face of huge economic downward forces? I see several:
1) Speculators -- For the better part of this last decade, oil speculators have pounced on anything and everything to keep prices spiraling upward.
Whenever prices begin to slide lower, we hear that an important pipeline has exploded, or that Nigerian rebels have kidnapped foreign oil workers or that domestic American inventories are "unexpectedly" lower.
2) The manufactured crisis with Iran -- Since Summer, 2003, American and NATO leaders have been repeatedly threatening to attack Iran's nuclear facilities. Every time oil prices begin sliding, some threat against Iran is voiced or we hear that two more aircraft carrier groups are steaming to waters off Iran, awaiting orders to launch an attack.
And, you know something? These scare tactics worked. Today, even as dramatically increased oil is being extracted from shale, thus exerting enormous downward pressure on oil prices, the world suddenly has the worst case scenario of an attack on Iran being daily bantered about in the news. In covering this propaganda campaign for nine (9) years, I cannot remember when so many different leaders -- both political and military -- are threatening attack.
Several weeks ago, an Iranian naval commander warned America she had better keep her aircraft carrier groups out of the Strait of Hormuz, or risk them being sunk. Instantly, oil prices shot up. In response, America sent the USS Aircraft Carrier Lincoln through the Strait of Hormuz, weakly accompanied by just one destroyer. While the carrier was en route, tensions ran high; but on the day the carrier actually passed through the Strait, Mass Media was strangely quiet.
This next current news story illustrates how a verbal threat against Iran immediately causes oil prices to skyrocket.
NEWS BRIEF: "Iran Oil Blockade Would Send Gas Prices Through the Roof", ABC News, December 28, 2011
"Cutting off the flow of oil through the Strait of Hormuz, a small waterway that borders Iran, could disrupt roughly a third of the world’s tanker traffic and send oil prices skyrocketing, analysts say ... Roughly 20 percent of the world’s oil supply travels through the strait, which is only 20 miles wide, making it a tempting target for an Iranian naval blockade. Shutting down the Strait of Hormuz would be 'easier than drinking a glass of water', Iran’s naval chief, Adm. Habibollah Sayyari, said."
"If Iran follows through on the threat, experts predict it could quickly translate into higher prices at the gas pump. Carl Larry, president of Oil Outlooks and Opinions, said that 'depending on how long this goes on, by summer time we could be looking upwards of $5 a gallon'.”
Because Iran can disrupt oil tanker traffice through the Strait of Hormuz and because Iran plans to instantly launch a missile barrage designed to destroy all oil production and oil export facilities throughout the Gulf, prices of oil would spike very high, very quickly. Economies around the world would start collapsing immediately, a result which the Elite are determined to avoid at all costs.
3) Threat of a new terrorist attack on our soil
Any threat of instability, such as another terrorist attack on American soil, can be used by speculators to keep driving those oil prices higher.
Why Do Oil Prices Have To Be So High?
For decades, American government and oil industry titans have been planning to invest hundreds of billions of dollars in building expensive oil extraction plants. As we stated two years ago in a newsletter, retail prices had to be kept artificially high for the better part of a decade if the private oil companies could get the monies they needed for these shale extraction plants. We calculated that retail prices had to hover between $3.00-3.50 per gallon for a some years.
Now that the shale extraction plants are coming on line, producing huge quantities of crude oil, market forces are exerting enormous economic pressure to significantly lower prices. Thus, speculators and verbal threats of global war are needed in extraordinarily strident rhetoric in order to keep prices from collapsing. However, eventually, market forces will win out, unless we actually go to war.
Remember, the Illuminati wants ample supplies of oil and gas to power their New World Order for the 1,000 years of Antichrist's reign. That is why they so desperately want to bring oil extraction plants on line. Once they have as many plants as they need, they will allow market forces to drive prices downward.
When will these crude oil prices begin spiking downward? That is anyone's guess, but it could happen in May or June. Or, if the combination of these three factors can exert strong enough upward pressure, this dramatic lowering of oil prices could possibly be delayed until September or October, or even possibly into 2013.
Voters right now are very sensitive to rising oil and gas prices.
NEWS BRIEF: "Gas Prices Now A Big Factor In Presidential Election", CBS WCCO4 News, March 7, 2012
"MINNEAPOLIS (WCCO) — It might be one of the biggest issues in the upcoming presidential election. Last night, CBS News exit polls found 77 percent of those voting in seven Super Tuesday states say rising gas prices were the most important factor in their vote. The poll reflects growing consumer anxiety as gas prices have risen nearly 50 cents a gallon in just over two months."
Republicans Romney and Santorum are hitting hard at President Obama's perceived
mishandling of our economy, and polls indicate that this tactic is working.
Romney's pitch is that he knows how to effectively and successively run an economy.
He is the professional and he will correct the economy.
Barack Obama's Winning Scenario
Can you imagine the shock to the GOP ticket if gas prices at the pump suddenly began spiraling downward right after Labor Day, accelerating their decline in late October? Almost instantly, Obama would publicly take credit and Republican challengers would be forced to "eat mud".
Very quickly, Barack Obama could reverse his tremendously negative standing. Such an "October Surprise" most certainly would reelect the President.
Mitt Romney's Winning Scenario
If gas prices do remain high, or go even higher, between now and election day, Mitt Romney could very well win the election, especially if he has a running mate who is enthusiastically backed by Evangelical voters. Romney, his running mate, plus countless governors and legislators, could daily pound the President over the sick economy, as exemplified by the high gas prices.
Once Romney wins the election and is sworn in on January 20, 2013, he could announce some sort of energy initiative. Immediately, once market forces are uninhibited by speculation and war rhetoric, they begin to tumble. Romney would declare that these falling pump prices are the result of his initiative! Suddenly, his approval rating soars to 80% and every single day delivers more economic good news.
Because he is so popular now that gas prices have plummeted and the economy is rolling, Romney could probably complete the vision of a Mormon President riding forth to save the U.S. Constitution.
Foreign Policy Implications
Whoever is President at the time of the oil price collapse can claim to have delivered the greatest single Foreign Policy victory in modern history. Can you imagine the Geo-Political advantages would flow from America no longer being dependent upon foreign oil? I can think of several right off the bat:
1) America could become a net exporter of oil and gas, rather than the world's greatest importer. Instantly, our national balance sheet would start to heal. Our government might even become serious about paying off the debt. The reason for the mountains of national debt have been realized, anyway. Our leaders created this huge national debt so they could maneuver this country into a Fascist Economy and create a national consciousness in favor of a Global Government, Economy and Religion.
Now that these goals have been realized, a prudent President would do well to start paying off the national debt.
America could become so economically powerful so quickly that she could regain her position of the dominant Economic Babylon of Revelation 18 (Read full details in CE1038).
2) The Middle East would lose its capability to determine our foreign policy. If America did not have to worry about impact on oil supplies that a war in the region might produce, we would not be so worried about events in that area. The Strait of Hormuz would lose its importance in determining the continued flow of oil throughout the world.
3) Oil wealthy Arab sheikdoms would see their influence precipitously decline. American leaders could laugh at the threats of a Saudi Arabian prince.
4) Israel would be far less threatened by a suddenly poor Islamic enemy. You see, the only reason wealth exists at all in Islamic countries is because of the wealth of oil selling at today's inflated prices. Muslim countries are not a productive people in terms of business. They do not have vibrant, creative societies, nor do they have vast factories that are the envy of the world. Were they lose the power and wealth generated by inflated oil prices, they would literally sink beneath the sand.
Suddenly, the dire threat against Israel would dramatically subside.
Economic Scenario - Whenever Gas Prices Decline
While we are not predicting such a dramatic decline, natural gas prices have already declined 70% because of burgeoning shale extraction. It seems logical that crude oil would follow suit, just as Newt Gingrich reported. If oil prices do decline significantly, can you imagine what would happen to the economy?
* People could start affording travel purchases that they cannot now do because their expendable money is flowing into their gas tanks.
* Retail purchases of everything from cars to toys would explode!
* Business activity would explode and companies would be willing to increase their Capital Expenditures.
* Businesses would start hiring with confidence.
* The Federal Government might have enough tax revenue flowing in from all this increased business activity that the President and the Congress could actually start reducing the deficit.
Remember what Doc Marquis told me repeatedly in 1993-1994? He said that, while the Illuminati intends to dramatically wrench the economy, they did not want to actually collapse it. Why? Because the Elite knows that Americans and Europeans would never allow themselves to be maneuvered into the New World Order unless they felt prosperous right up to the point where World War III begins. People have sneered at this concept in the last three years, saying that there is no way Americans could ever feel prosperous again.
Americans and Europeans and people throughout the world would suddenly feel prosperous if oil and gas prices plunged. Then, people of all walks and all economic strata would immediately start pursuing that "god of Mammon", forgetting the one true God of the Bible. That is a major goal of the Illuminati, to get people blinded by their pursuit of that next job, that other car, that new home, that vacation, and of course, that retirement.
Once people are thoroughly enticed to look away from the true God of the Bible so they can pursue riches and material things, it becomes much easier to stage Antichrist on the world scene. You see, after World War III is over and Antichrist is on the world scene, his business advisers plan to pick up the economies of the world which had collapsed at the beginning of the global war and reinstate it, as a global economy with a global currency.
In this light, the Global Elite wants lowered gas and oil prices. The Illuminati could do nothing more devastating to people's souls than to make them prosperous. In Ancient Israel, every single time that God allowed prosperity, the people began to feel they did not need Him and His commandments anymore, and would wander into some sort of Baal worship and child sacrifice. If the Elite now allows people to become prosperous again, they are carrying out a spiritual devastation which will finally allow Antichrist to come to the world scene.
The only question is, when?
Truly, events of the day point toward the rise of Antichrist, sooner rather than later.
Are you spiritually ready? Is your family? Are you adequately protecting your loved ones? This is the reason for this ministry, to enable you to first understand the peril facing you, and then help you develop strategies to warn and protect your loved ones. Once you have been thoroughly trained, you can also use your knowledge as a means to open the door of discussion with an unsaved person. I have been able to use it many times, and have seen people come to Jesus Christ as a result. These perilous times are also a time when we can reach many souls for Jesus Christ, making an eternal difference.
If you have accepted Jesus Christ as your personal Savior, but have been very lukewarm in your spiritual walk with Him, you need to immediately ask Him for forgiveness and for renewal. He will instantly forgive you, and fill your heart with the joy of the Holy Spirit. Then, you need to begin a daily walk of prayer and personal Bible Study.
If you have never accepted Jesus Christ as Savior, but have come to realize His reality and the approaching End of the Age, and want to accept His FREE Gift of Eternal Life, you can also do so now, in the privacy of your home. Once you accept Him as Savior, you are spiritually Born Again, and are as assured of Heaven as if you were already there. Then, you can rest assured that the Kingdom of Antichrist will not touch you spiritually.
If you would like to become Born Again, turn to our Salvation Page now.
We hope you have been blessed by this ministry, which seeks to educate and warn people, so that they can see the coming New World Order -- Kingdom of Antichrist -- in their daily news.
Finally, we would love to hear from you.
You can contact us by mail or email.
God bless you.
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