The little pin that prick and burst the 2008 Oil Bubble
Even with the gradual $8/bbl/yr increase trend, deep water exploration was not an attractive billion dollars investment. They rammed up the price increase trend to $30/bbl/yr at the start of 2007. By July 2008, the highest spot price was $150/bbl and projected to reach $200/bbl (forecast by Simmons and various analysts in Bloomberg). But they could not blow up a rig while the potential whistle-blower with all the incriminating details was alive. The whole Oil Bubble-2012 Doomsday Plot could only work with mass deception at play. Like any bubble, it would collapse with just a tiny leak. Which is why WikiLeaks is so potent. Which is why PFC Bradley Manning and Julian Assange had to be put away.
Initially, we too could not understand why whistle-blower (Lim) had so many attempts on his life. We studied his files and police reports submitted to several countries. Ironically, despite the credible evidence, none of the governments dared to initiate any investigation. This together with all the other cases (Manton, Wheeler, Simmons, Tucker, Jim Black etc) only serve to confirm our theory on the planned mega disasters. They might have been planned before 2001. Without the covert assistance of the government (miltary, homeland security, CIA, FBI, USCG etc) such a global oil bubble could not fly.
Unlike the failed tsunami on December 26, 2006, the planned blowout-mega oil spill in the Straits of Malacca was more predictable. To be sure the gas hazards conditions were precarious enough to blow, they fielded Lim to give his verbal expert opinion just as they did with the Schlumberger Specialists on the Deepwater Horizon, 13 hours before the blowout.
They needed assurance before placing billions of dollars on bets. The last thing they needed was another mega oil spill that did not materialized. However, they did not expect Lim to put his expert opinion in writing. When Lim received muted responses to such a critical oversight by the geohazards contractor, he elaborated and backed his high risk assessment with even more diagrams and data. He suspected something was amiss with the deafening silence. To make sure the head offices knew what was really going on at site, he later packed his reports off to more than 7 head offices across 3 continents.
When he realized his life was threatened by what he knew, he engaged a lawyer and officially warned the contractor's HQ and directors based in the Hague. His worldwide circulation of his written memos, police and whistle-blower's reports probably saved his life. If he had kept quiet, they would have been a more aggressive in assassinating him. Like any covert operation, secrecy was of utmost importance. They did not realized eliminating him would be such a hassle. It took longer than expected. By then, too much insider information had been leaked out and circulated worldwide. Lim had to be eliminated before they could explode the first mega spill in the Straits of Malacca.
But the markets could not hold up too long on an artificially inflated COP especially with the weak global economy and financial burden bursting at the seams. The COP started its slide from a high of $150/bbl on 14 July 2008. This is only obvious on hindsight since the daily fluctuation was $15-$20/bbl. The COP ended at $35/bbl on 24 December 2008.
Daily crude production peaked at 74 million barrels per day in 2004 (wikipedia).
Instead of reaping mega windfalls from an anticipated $50 rise in COP to $200/bbl (from $150/bbl), many of the privileged banksters (including Simmons) were caught flatfooted with a hefty $115 price crash. It was no surprise Dubai could not meet its financial obligations in the early months of 2009. With a world's production of >70 million barrels of oil per day, a $100/bbl drop in oil price would cause a $7 billion shortfall per day. For 4 months, that would be a cool $840 billion loss in revenue. For those caught on the wrong side of the market trend, the losses were unimaginable. There was a lot of cooking the books and illegal transfers of mass losses/liabilities all of which were conveniently blamed on the 2008 financial meltdown. The unexpected gambling losses due to a stalled mid-2008 blowout were completely blanked out. All the corporate weaknesses and irrational exuberance came to bear.
The carefully orchestrated plot from this point on, started falling out of place and out of pace. In a marathon bubble, maintaining momentum was critical as any marathon runner can tell you. Once you are out of steam, you drop out of the race. Instead of ending his presidency on a high note with bountiful cash, President Bush bankrupted the US. They had gambled America's wealth on the world's largest oil casino and lost. The emergency fund to relieve the gambling debts was beautifully coined as Troubled Asset Relief Program. $700 billions were urgently needed to plug the immediate shortfall while they desperately tried to push back the COP to pre-crash level.
More diversion, deception and hype to salvage a desperate situation and a failing plot
The fast failing plot was made worse with an incoming new president and administration. Obama was certainly not in the loop and had to be gradually introduced to the plot. Meanwhile the American public and the world were agitated with more diversion and deception to prepare the confused market for another round of blowout-oil spills later in the year.
For example in the radio-talk shows in April 2009, Alex Jones' interviews with Steve Quayle and Lindsay Williams were full of the buzz words; “depopulation”, “viral infection”, “Mexico”, “chilling effect”, “mind control”, “zombies”, “once the blood begins to flow, it does not stop”, “buy gold/silver”, “satanic” , “quakes”, “$100 oil”, etc.
But without the momentum from the first blowout-spill in mid 2008 and the uncertain economical setting following the 2008 financial meltdown, the series of planned blowout-oil spills across the world could not do their magic. Even the Montara oil spill of 2,000 barrels per day for 74 days failed to move the markets beyond the $20/bbl fluctuation. For some reasons, the BP-Transocean and Shell-Transocean blowouts in the Caspian Sea and North Sea were non-events.
The BP-Macondo well could not go deeper than 4,000 ft below the seafloor. Mother Nature refused to cooperate. Hurricane Ida intervened on 9 November 2009. That dashed all hopes of COP rising even above $80/bbl in 2009. But still every dollar increase would help to ease the pain. The oil spill from the Macondo well had to blow no matter what and it had to blow big to make up for the mid 2008 failure. But it was a case of too little too late.
When the BP-Macondo well finally blew on 20 April 2010, the $130/bbl/yr tailwind hike was long gone. Although the oil spill was 100 times worse than the Montara spill, the COP hardly moved beyond the $15/bbl fluctuation range. The combined effect of all the 4 blowouts was insignificant. In fact, the COP rate trend decreased from its natural rebound trend of $30/bbl/yr to just to $13/bbl/yr. The hundreds of millions Goldman Sachs managed to salvage from the BP's share price drop, were just tiny drops of what they would have made if their mid 2008 blowout-spill had exploded in the Straits of Malacca as scheduled.
They had lost the war
Like Hitler in the last days of the war, they will try to destroy whatever is left. They still have a few more bullets left but the bazookas are long gone. The commanders of the dark forces are just old men and women (chicken hawks as Jesse Ventura called them). There is no reason for the lieutenants to continue running the tasks of mass destruction on the ground. The evil grand scheme has gone kaputt. The current Euro zone crisis and the economic fallout being felt across the world are proofs of that failed grand evil scheme.
At the most the COP will rise to $120/bbl before dropping off to a more sustainable level of $70-90/bbl. There is no end of the world on 21-12-2012 or whatever. It was just a Hollywood hype to demoralize the world and to create anarchy. A carefully orchestrated sequence of explosions is needed to create an earth shattering giant tsunami. Without this grand scheme, all these spontaneous disasters (planned or otherwise) will only create ripples not tsunami waves.
The oil giants will not give up so easily either. They will apply to drill even in the most uneconomic but pristine and environmentally sensitive parts of the planets. Not because of their intention to produce but to hike the COP and scheme another global oil bubble. We are still living out the economic fallout of such evil schemes. Do we really want another global oil bubble to grow and blow in a few years time?
As Ben Fulford said in his latest posting:
As predicted, the collapse of the Satan worshiping financial mafia is accelerating. U.S. Treasury Secretary Timothy Geithner was detained for questioning by New York police on February 24th and was released after giving evidence about many high level financial criminals, according to New York police sources. “In most cases we have to slap people to get them to talk but in his case we had to slap him to shut him up,” one of the interrogators joked. Geithner has been released but is accompanied at all times by an armed deputy to make sure he does not leave the country. Former Prime Minister Silvio Berlusconi of Italy is also proving to be very talkative, sources in Europe say. Berlusconi has been released. Meanwhile, meetings between White Dragon Society representatives and South Korean government officials last week in Seoul were very productive.
-by M Kollmann (Research Analyst) Perth, Australia.
Special thanks to Jeff Rense, GrandeLander, BK Lim, David Wilcock, Benjamin Fulford and several others for their background information, assistance, support and research work used in compiling this article.
This article is dedicated to all the victims and those affected directly through the loss of their loved ones in these planned mega disasters in particular 911, 311, Gulf Disaster and 26 December 2004 Tsunami.
Some of the more important references & contributions for this article (in no particular order):
Why more advanced prehistoric civilizations collapsed into stone ages, repeatedly – in draft (BK, 2010).
Shindell, D. T.; Faluvegi, G.; Koch, D. M.; Schmidt, G. A.; Unger, N.; Bauer, S. E. (2009). "Improved Attribution of Climate Forcing to Emissions". Science 326 (5953).