Fahrenheit - Gold and Oil! A DU Must Read...ties together some loose ends

[KoKo]

(Thanks to DU'er "54 a Nickle" for this post. I stole it from Ozy's "Stock Market Watch" column here on "DU LBN Forum." Thought it would be interesting to many DU'ers...:shrug:)


Fahrenheit - Gold and Oil

Bill Ridley
OnlineInvestorsNews Volume M9-12, October, 2004
www.jameswinston.com
Posted October 11, 2004

Crude futures close above $51 for the first time ever on the New York Mercantile Exchange. November crude rose $1.18 to close at $51.09 a barrel, eclipsing the previous closing record of $50.12 seen on Friday. Lingering production delays in the Gulf of Mexico, tension in Nigeria, and uncertainty ahead of Wednesday's U.S. petroleum supply updates fueled the rally. -CBS Marketwatch, October 5th, 2004

One of the optimum strategies of becoming a good investor is knowing in advance how global political agendas will shape the market in the coming months and years ahead. When George W. Bush was first elected president, I knew and publicly announced defense, gold, and oil stocks would rise.

I also knew the invasion of Iraq was on the drawing board, and I will remind you, this was before George W. Bush took power and before the tragic events of 9/11.

I'm certainly not a great psychic or political scientist - I just read the game plan in advance. The agenda was clearly spelled out back in 1997 by a group who created the Project for the New American Century (PNAC). This organization of neoconservatives includes a number of current White House insiders including Dick Cheney, Donald Rumsfeld, Richard Perle, and Paul Wolfowitz.

The PNAC believe the United States needs to take greater measures to assert its dominance as a world leader. Their belief is that by taking a more liberal or diplomatic stance, the United States and the world at large will not progress and benefit from globalization in our time. Consequently taking more active, and if need be, more forceful roles in world affairs, the objectives of attaining a new world order can be reached.

When it comes to the matter of securing Mid East oil supplies, the PNAC made their feelings known in a letter to President Clinton in 1998 where they urged his administration to set in motion a plan to remove Saddam Hussein from power which would secure "our vital interests in the Gulf" that hold "a significant portion of the world's supply of oil."

MORE of this interesting read which combines LIHOP/MIHOP/and down to earth speculation....
http://www.321gold.com/editorials/ridley/ridley101104.html

[knowbody0]

1. thank you

[KoKo]

4. Credit goes to Poster "54 a Nickle" for this one.... but..Thanks!

I'll pass it along. :-)'s

[AntiFascist]

2. This is great....

it ties together everything I touched on a year or so ago in a paper published for globalfreepress.com, "World War IV and the Coming Oil Crisis." I wonder what the size of the circulation is for OnlineInvestorNews?

[wishlist]

3. Politicians and media refuse to attribute power over Mideast oil as motive

Just amazes me how there is so much ongoing deliberate denial of the role of controlling the oil supply in the motivation to invade Iraq.

Good article!