July 1, 2008
King Abdullah said that speculation and taxes are to blame for record oil prices
Saudi Arabia’s King Abdullah said that speculation and taxes are to blame for record oil prices, not output levels from the world’s largest reservoir of crude. “We have nothing to do with the rising prices of oil in the world and there might be some other factors contributing to the increase, such as a few people trying to play with the market to serve their personal interests while some countries are increasing duties on oil products, except on those which they produce locally.”
Watch this video where Lindsey Williams explains WHY the price of oil skyrocketed and WHY the price of a gallon of gas will be over $4 in California.
Mr. Williams firmly believes that whoever controls energy controls the economy.
Lindsey Williams, New World Order
1 Comment on King Abdullah said that speculation and taxes are to blame for record oil prices »
November 21, 2008
Ron Paul Revolution @ 12:32 pm:
Lindsey Williams predicted last July the price of a barrel of oil would drop to $50 a barrel, and yesterday… the price of a barrel of oil hit $48.
This low price for oil is not a coincidence and not an outcome of free market forces. It is part of an agenda by the global elite to control the economies of the world.
Williams further predicts that the price will remain below $50 for some time into the future with the price of a gallon of gasoline to be steady around $1.50. The problem will be the currency you use to buy that $1.50 gas will be scarce.
This manipulation of the price of oil by global elites will drive Saudi Arabia and Arab oil producing countries into bankruptsy. Following those events, the financial collapse that will occur in America will make the current financial crisis look like a cake walk.
Wanna know what it will look like?
Take a look at Iceland. The country cannot pay back its external debts, and the Icelandic currency, the krona, has become essentially valueless in the rest of the world. That means the country can no longer pay for imports.