Lindsey Williams on oil prices

[jk3006]

Anyone been following his predictions of $50 a barrel, and then his latest predictions last Friday on the Alex Jones show?  Pretty interesting, me thinks.

[jk3006]

"abiotic theory of petroleum"

I'm not familiar with that.  I'll have to research it. 

As to his latest predictions, he said that oil/gas prices will stay at $50/1.50, or so for the next 6 months (approx.).
This was done to bankrupt the Arab states, so that the center of oil operations can be moved to Russia and Indonesia.  The Indonesian oil fields have not been announced yet.  I think it's been published that Saudia Arabia needs to receive a minimum of $80 a barrel just to service their debt and economy.  So, by the elite telling them that they'll only get $50 a barrel for a prolonged period will force them to dump their reserve dollars (billions, or maybe trillions of them), which will flood our economy and collapse the dollar.  Saudi used to do just fine at under $80 a barrel, but perhaps their financials have changed.

I take all this with a grain of salt, and I don't understand why the elites want to move the center of operations.  However, it seems that Lindsey has been spot-on in his predictions over the years, so I am looking on with interest.  Who would have thought that oil would go down to $50 a barrel back in June/July when it hadn't even peaked yet?  That's when Lindsey made his prediction public.  Of course, his information comes from an inside source that he knew in Alaska in the '70's. 

Both Mr. Williams and Bob Chapman are saying that we'll have the beginnings of massive inflation this coming year, and that within 2-3 years the whole economy will be sunk. 

Links to Lindsey's Alex Jones appearance in July:  http://www.youtube.com/watch?v=IhXQAJENVxQ

Last Friday's talk:  http://www.prisonplanet.com/the-alex-jones-show-l-i-v-e-nov-21-with-lindsay-williams.html   

[Lone Star]

The "abiotic theory of petroleum", that's rich!  A discounted theory that was only popular with a few Scandanavians and the Russians (the latter spent billions trying to drill into these illusionary deposits - without success).     For the past 25 years it has been a fully discounted theory by all but a few of the marginally stable.   

The real "secret supply" of petroleum is likely to be in offshore gas hydrate deposits.  These exist  under millions of square miles of the ocean floor, and some believe their total volumes dwarf the deposits of "conventional" oil and gas. Maybe, maybe not, but trying to find oil without organic source rocks (abiotic) has proven to be a fool's errand.  Of course, just because I've worked as a petroleum geologist doesn't mean I know anything on the subject......   


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[torpedoman]

the saudis dont have a "system" in our terms no debt no economic system except export oil and collect dollars. the whole place is ruled by shiekdoms a few very rich families and the rest are dirt poor. One of the shieks bought 3.25 Billion in gold about 2 wks ago. Try to get a visa to go there, Won't happen ,you only go there if asked and when you enter the country they take your passport and you are their "guest" until they decide it is o.k. for you to leave.