ThePeoplesChamp

Great hypothesis.

not to mention how long it takes to even print new bills. boa is whack...

Man .. just the tires on that thing are tuff!

Saudi Arabia Uprising Could Mean $140-Plus Oil The events unfolding in Libya mark the first uprising in a major oil producing country this year, giving energy traders their first indication of where crude could climb if Mideast turmoil were to spread to Saudi Arabia or Iran. Protests in Libya CNBC Protests in Libya “Pricing in Libya supply disruptions is one thing, but what if this social unrest spreads to Saudi Arabia, which holds 20 percent of the world’s oil?” said David Rosenberg, chief economist and strategist for Gluskin Sheff. “Do the math: we’d be talking about $200 oil.” Without taking into account the collateral effects of such a strategic part of the Middle East falling under siege by its own people, a simple production comparison gets the price to at least $140 a barrel. West Texas crude oil for April delivery, the benchmark for the U.S., rose as much as $8.44 a barrel in trading today to $98.48 on Libyan Leader Muammar Gaddafi’s defiance in the face of the uprising. LIGHT CRUDE APR1 (CLCV1) 98.76 3.34 (+3.5%%) New York Mercantile Exchange Saudi Arabia produced 9.8 million barrels a day of crude oil in 2009, 5.4 times more than Libya, according to the U.S. Energy Information Administration. Multiplying $8.44 by 5.4 equals a $45.95 jump in the price of crude. “Oil would go parabolic,” said Joe Terranova, chief market strategist for Virtus Investment Partners and former energy trader. “The Shiite population (compared to the Sunni ruling family) is more concentrated in the oil producing region. The workers could strike.” Technical analysts studying the charts see a steady trend upward right now, potentially to the 2008 high above $140. A successful breakout at about $140 gets you to Rosenberg’s $200 next, they said. Prince Abdulaziz bin Salman Al Saud, Saudi Arabia’s Deputy Oil Minister, said that the country could unleash a large amount of supply to relieve any spike in price. His comments Tuesday sent oil off its high for the day. Still, the seeds of the current Middle East revolution remain present in his country: unemployment and a youthful population. * Halftime: Is Sell-Off a One Day Event? * Hewlett-Packard: The Ultimate PC Hedge for Investors? “With 20 percent of the world’s oil reserves, Saudi Arabia would clearly have a much greater affect on oil prices,” said Jim Iuorio, managing director for TJM Institutional Services. “However, I have a difficult time believing that the U.S. government would let the country fall into the hands of a different government. Make no mistake, Saudi Arabia is not Egypt or Libya and the U.S. would be quick to aid.” Beyond the money One matter that could keep oil in check even if Saudi Arabia’s current ruling party fell is the demand side of the equation. When oil hit $147 a barrel in 2008, total petroleum consumption in the United States fell below 20 million barrels a day for the first time in six years, according to EIA data. “If Saudi Arabia goes and oil is disrupted, we would have a strong run-up in price with an extreme above $150, but that would also crush demand,” said Andrew Busch of BMO Capital Markets. “Remember when oil was last at $140 (a barrel), Americans reacted and cut the amount of miles they drove.” Still, oil was rising for different reasons back then as producing countries still had a solid hold on their supplies. A spreading revolution in the Middle East is a much more permanent change in the global energy markets than the crowded hedge fund trade it became back then. Glad I traded out my 8 cylinder for a 4banger... Who knows whats going to happen in the next few months, days or hours..

Saudi king boosts economic benefits to citizens Saudi king boosts economic benefits to citizens AP By TAREK EL-TABLAWY, Associated Press Tarek El-tablawy, Associated Press – Wed Feb 23, 9:54 am ET CAIRO – Saudi Arabia on Wednesday nearly doubled a development fund that helps citizens buy homes, get married and start businesses, and it set up unemployment assistance for the first time as the oil-rich nation warily watches the unrest spreading around the Middle East. The steps, reported by state television, were apparently aimed at shoring up popular support and fending off unrest that has spread to neighboring Bahrain. They came as new signs of the undercurrent of discontent in the kingdom appeared to be bubbling to the surface. A Facebook page calling for a "March 11 Revolution of Longing" in Saudi Arabia has begun attracting hundreds of viewers. A message posted on the page calls for "the ousting of the regime" and lists demands including allowing for the election of a ruler and members of the advisory assembly known as the Shura Council. Saudi Arabia — where King Abdullah and thousands of royals are largely untouchable — has been mostly spared the unrest that is rippling through the Arab world. But Bahrain became the first nation in the oil-rich Gulf to experience the region's anti-government upheavals that are linked to poverty as well as demands for more political freedom. Showing how deep the concern is, Abdullah ordered that 40 billion riyals ($10.7 billion) be pumped into the country's development fund, which provides interest-free loans to Saudis who want to build homes, get married or start small businesses. Saudi officials are "pumping in huge amounts of money into areas where it will have an obvious trickle-down by addressing issues like housing shortages," said John Sfakianakis, chief economist for the Riyadh, Saudi Arabia-based Banque Saudi Fransi. The measures are "looking at the credit facilities provided for low-income groups, and trying to alleviate the rising cost of living pressures for the active Saudi labor force, which is mostly in the public sector," he said. The measures were ordered by the king even before he returned Wednesday to Saudi Arabia. The 86-year-old monarch was abroad for medical treatment in the United States and recuperation in Morocco. Other measures included a 15 percent cost of living adjustment for government workers, a year of unemployment assistance for youth and nearly doubling to 15 individuals the size of families that are eligible for state aid. Also decreed was the writing off of debts of people who had borrowed from the development fund and later died, as well as a release of prisoners. Analysts said the prisoners to be released are likely debtors who were jailed after being unable to pay their dues. Mass protests — at least partly rooted in the rampant poverty and corruption in the Arab world — are rewriting the region's political landscape, toppling autocracies and testing the strength of the monarchy in Bahrain. Saudi Arabia, which sits atop the world's largest proven reserves of crude oil, has been working to diversify its economic base and to create new jobs for a rapidly growing population of youths, many of whom are chaffing under the harsh religious rules that keep the sexes largely segregated. Analysts say youth unemployment is a major concern, and militants have been quick to capitalize on that disenfranchisement to widen their recruitment pool. Unemployment in the kingdom is at 10 percent — but among the 15-24 age group, it is almost 40 percent, and about two-thirds of the country's population is below age 29. The demographics are similar in much of the Arab world, and the disparity in income distribution in many of the countries, along with corruption and a sense among many of the youth that there are few opportunities, have helped stoke protests in the region. So far, the protests have had mostly political repercussions. Their recent spread to Libya means a member of OPEC is now affected, while demonstrations in Yemen and Bahrain means they are on Saudi Arabia's doorstep. In Jordan, a government official said the Cabinet has enacted laws to permit greater freedoms and price restraints. The decision late Tuesday came hours after the country's largest opposition group, the powerful Muslim Brotherhood, vowed to resume protests, accusing the government of failing to keep its promise of speedy reforms. Analysts are skeptical that demonstrations will find much footing in the Gulf Arab states, where coffers are flush with oil revenue. Abdullah's announcement reflected the typical way in which the Gulf states have dealt with unease: by throwing money at the problem. While that policy may be successful, the concerns of a contagion in those nations is worrying the global oil markets. The U.S. benchmark crude futures contract Wednesday climbed to fresh two-year highs amid the unrest in Libya, while its London-based counterpart, Brent, climbed by more than $1 per barrel to almost $107. Investment bank Goldman Sachs said in a research report that the violent protests in Bahrain spotlight how the Gulf states are also vulnerable, noting that the unrest in the island nation and in Libya "increase the risks of major supply disruptions." The Facebook page in Saudi Arabia offered a glimpse of the broader concerns in the population. Among the injustices it listed, the communique called for an independent judiciary, ensuring that security services work for the benefit of the people, the release of political prisoners and the right of freedom of expression and gathering. It was not possible to determine how much support the page has within the kingdom, but such complaints have repeatedly surfaced before. Cmon Iraq get it together!!!

Thanks for your post. I have to agree with you.

Good thing D Trade has a location there just in case it is GOOO TIME!

I think this is my favorite post from you Mr. Rich Hats off to you sir

Not my writings I would have to give credit to Bama for the breakdown. We will actually be the UNINTENDED (by the IMF and ruling elite) beneficiaries and obtain all the profit from the actual RV (as we should) instead of these elite world bankers collecting the lion’s share. Cyrus the persian is a wonderful historical and biblical man in history who was used by and appointed by God to execute GOD’S plan. Cyrus was known to be very generous and was instrumental overthrowing babylon and freeing the captives, and in allowing the jews to return and rebuild their temple in their homeland. Interestingly, Al-Maliki comes from a varient “Melek” which means “KING”. Al-Maliki took the name Jawad in 1982 (LINK). Jawad means “a steed, open-handed, or generous“. He was also known by the name of Abu Esraa. Abu means “Father”– and Esraa is a variant of Ezra and means “helper” and “aid” (not to mention the fact that Ezra the prophet was a priest in the Old Testament who returned to Judah after exile in Babylon). I don’t know about you, but Maliki certainly sounds like a “Cyrus” to me. ;-) Now is this a plan that only God could orchestrate or what? LOL If this is all true, then we will see the RV any day now, as I would not expect Maliki to waste any time or give the IMF a chance to respond. Let’s hope and pray!

I am no expert but I strongly believe NWO is also a part of the plan. Everything happening in the world coincides with biblical prophecy and revelation. Is it going to happen to our great nation? I wish I could say no and believe that, unfortunately I'd be kidding myself if I did. Cash in and hurry up and wait for sheep to hit the fan. RV is a coming

All part of the master plan. Controlled Chaos as one put it.

See below Hmmm Yum! Zankou chicken FTW!!!

LOL! WOW I thought i was the only one that caressed my dinars... HAHAHA!

Thank you for posting Upgradable! Maximus Delta! Pick me up some while your at the store! WOO FLOCKING HOO! GOO RV!

Thanks Doc! Conspiracy theorist .. who me?

why does this seem so familiar...

Thanks for the Post Mr. Rich Falls in line with the famous deck of cards. Here's one below. opps here it is.

Thanks for the Post Ace Thanks Rudy! Goo RV!

I'm with you

I like your thinking!

so much mis information going on I don't know what to believe. Is the King alive or dead ?

Thanks for the post Mr.Rich Good Read. Good Insight. All I can say is when the RV eagle has finally landed. Cash out and get ready for sh*t to hit the fan. GOoo RV!!

I've read so many post from all the different users. Phoenix's insight is something special because he tells it how it is. He may have his opinion in some cases and to many they might be out of this world but for the select few that are on the same page, his post makes for a great read. Thank for you posting!

lol <-- Help save the man from drowning! Random ending! hahaha

Thank you for the post 1rustycoin