Joe Biden blame Middle East for higher oil price

The US Vice President Joe Biden blames everyone in the Middle East for higher prices at the petrol pumps.

svOBAMA_wideweb__470x323,0 — Joe Biden is only one heart beat from the Presidency of the USA.

Vice-President Biden blamed higher oil prices on “talk about war with Iran”.

He fear that Iran might “take out the Saudi oil fields and Bahraini oil fields”.

Biden is concerned about the Arab Spring movement; the “war in Libya”; the rise of the Muslim Brotherhood; and a potential for unforeseen political unrest, such as “chaos in Russia.”

Oil prices are going up because the world economy is consuming more oil and supply has not increased to meet the demand.

One might argue that the market should price strategic risk into the oil price, but the fact is that markets are not especially good at assigning prices to possible events whose probability can’t be measured.

The price of oil tracks economic growth expectations. It is statistically absurd to seek another reason. The problem is not risk, but supply. The only way to reduce gas prices is to drill for more oil.

Source: Gatestone Institute.org

My comment:

Vice President Joe Biden should make America her self take the blame for the present chaos in the Middle East.

Five per cent of the Worlds population live in the US. They consume 20 per cent of the global resources. 25 per cent of Americans consumption of oil has to be shipped out from the Persian Gulf.

To protect her self interests, the US has based her 5th fleet in Bahrain. That Saudi Arabia is a totalitarian Islamic dictatorship is not one of Joe Bidens concerns. As long as the American dream lives in, to hell with human rights, freedom and democracy for the people of the Middle East. The Saudi oil fields must be protected at all costs.

Up to the day of the fall of Hosni Mubarak, He was presented as a “peace maker” in the Middle East. Likewise did Gaddafi receive a red carpet welcome in cities like Rome and Paris.

Joe Biden represents the ugly American face of unlimited double standards and hypocrisy.

Written by Ivar

April 10, 2012 1

India feels the heat for supporting Iran

India ships will lose insurance due to Iran sanctions, may look to China.

Indian shipping firms will find it difficult to obtain replacement insurance coverage to continue importing Iranian crude oil after new European Union sanctions come into effect, industry sources said.

State-run Shipping Corp. of India, the largest tanker owner in India, will lose its EU insurance coverage for its oil tankers operating in Iran from July 1, when European insurers will be prohibited from indemnifying ships carrying Iranian oil.

India2 — Indians slogging it out at the petrol pumps. Liter by liter, even using soft drink bottles.

Indian maritime firms are likely to be the most affected in Asia by the sanctions as the other two biggest buyers China and Japan.

That is because they do not rely on European insurers but are covered by domestic providers.

India, China and Japan are Iran’s three biggest crude oil buyers.

Source: Reuters.

My comment:

India has lived with a nuclear Islamic republic of Pakistan for two decades. That is why India sees no point in preparing for war to avoid Iran getting a nuclear bomb.

For one billion of the total 1,2 billion Indian population, it feels horribly unjustified that Indians have to use a full day wages to fill a couple of liters of gasoline on their bikes.

For an middle age Indian, the present petrol price is similar to an American paying 10 US dollar for a gallon.

A billion Indians will curse and blame Israel and America for their financial trouble.

But the absolute majority of them do not know that the eternal heat for supporting Iran, who curse the Jewish people, will be much more painful.
Only by reading the Bible you have a chance to understand our times. If you reject or ignore the Word of God, you are eternally lost.

Numbers 23:25
Then Balak said to Balaam, “Neither curse them at all nor bless them at all!”

India, like all other nations, must stand with Israel or bring a curse down over its own population.

Written by Ivar

February 23, 2012 4

New clashes in Saudi threatens US oil supply

A man has been shot dead by security forces at a demonstration in eastern Saudi Arabia, activists have said.

Saudi1 — The Shia uprising in Eastern Saudi will be brougt to an end. Like in Syria, an evil regime is trying to survive.

Zuhair al-Said was killed on Friday when police opened fire to disperse protesters in the town of al-Awamiya, in the Qatif region, they added.
Police said they were monitoring an unauthorised gathering in al-Awamiya when they were fired at by masked men.

Activists earlier said another man had been shot dead by police at another protest in Qatif on Thursday night.

Protests erupted in Eastern Province in March when the popular uprising in neighbouring Bahrain, which has a Shia majority and a Sunni royal family, was crushed with the assistance of Saudi and other Gulf troops.

About 500 people have been arrested since March. Activists say 80 remain in custody, including author Nazir al-Majid and human rights activist Fadil al-Munasif.

Source: The BBC.

http://www.bbc.co.uk/news/world-middle-east-16995286

My comment:

The Shia Muslims in Saudi Arabia are a minority comprising only about 10-15 per cent, about 3.5 million, of the some 25 million Saudi population.

They live in horrible suppression by the Sunni majority. Just like the Sunni’s are persecuted and mistreated in Iran. The cruelty and evil that exist among Muslim brethren is limitless.

For the US, the Shia uprising in the Eastern Province of Saudi Arabia is worrisome. The main Saudi oil fields are located in the center of this hostile province.

Saudi2 — The largets oil fields in Saudi in located next to the US 5th Fleet.

Also the 5th US Fleet has its headquarter in Bahrain. The only way to maintain the US hegemony in the Persian Gulf, is to finance totalitarian dictators that keeps the Shia’s at bay. The military regime will do what is takes to pay bay the US dollars it has received by Washington.

The days are evil. The whole World dwells in evil. There only righteousness that is valid, is the righteousness of Jesus. Only people who obey Him will be washed by His blood. Only the believers will stand justified on the day on judgment.

Written by Ivar

February 13, 2012 2

Islamic Saudi invades Bahrain to stop democratic protests

The base of the US 5th fleet is a risk. Washington orders Saudi troops to “secure” the naval base of Bahrain.

Iraq — Anyone who believes the US wars in the Middle East has anything to do with a fight for freedom and democracy, have not understood anything.

Soldiers sent to protect Sunni ruling family after weeks of Shi’ite protests; opponents of island’s dynasty call the move “war.”

Saudi Arabia and the United Arab Emirates dispatched forces to Bahrain on Monday in response to a call from the island’s rulers to help put down weeks of protests by the country’s Shi’ite Muslim majority. Opponents of Bahrain’s Sunni dynasty called the move a declaration of war.

Analysts saw the troop movement into Bahrain, home to the US Navy’s Fifth Fleet, as a mark of concern in Saudi Arabia that concessions by the country’s monarchy could inspire the conservative Sunni kingdom’s own restive Shi’ite minority concentrated in its Eastern Province, the center of the Saudi oil industry.

Source: Jerusalem Post.

My comment:

Bahrain is not Somalia or Sudan.

While hundreds of thousands of people are slaughtered by Islamic Jihad in Darfur, the US is less concerned. Sudan is not an oil exporter, and do not contain US Military bases.

Bahrain holds the key to a lock down of the United States of America. If the oil export stops out of the Persian Gulf, it will take a week or so to bring the US to a standstill. The strategic Oil Reserve in the US is already stretched.

Psalm 120:7

I am for peace; but when I speak, they are for war.

Ecclesiastes 3:8

a time to love and a time to hate, a time for war and a time for peace.

Without the Oil of Saudi Arabia the Americans can just park their cars, and start walking.

The US will do what it takes to crush the demonstrations in Bahrain. Freedom for the people of the Middle East is less important than gasoline inside American cars. To send the US Marines would just have fueled the Muslim anger. Washington looked at Saudi Islamic troops as a better option.

The wars in the Middle East is all about oil. They have never removed despotic leaders, but installed proxies of Washington.

Written by Ivar

March 15, 2011 3