H. A> writes:
Dear Robert, I like your blog and analysis very much.Do you think there is some “conspiracy” between America and Saudi Arabia to lower oil prices to hurt Russia?
can you give me your opinion, please.
Thank you in advance :)
Yes this is absolutely the case. The deal was apparently sealed during a visit by John Kerry to Saudi Arabia in September. After that, oil prices began to fall. The plan is apparently:
1. Kill the Russian economy
2. Kill the Iranian economy
3. Kill the Venezuelan economy
The hopeful results will be:
1. Regime change in Russia
2. Regime change in Iran
3. Regime change in Venezuela
Thrashing their economies may well work, but the regime change part, I am not so sure. The Gulf states have a lot monetary reserves, so they can play this game for some time. The Saudis tried this gambit 20 years ago also, when they drove prices all the way down to $12/barrel. They supposedly did not achieve their goals then.
The other supposed reason for the low oil prices is the Saudis are trying to kill the US fracking industry. Now why Kerry would agree with the Saudis to kill the US fracking industry, I have no idea. So this theory does not make a lot of sense. What does make sense is that the Saudis see killing the US fracking industry as an added benefit to this nefarious plot. I figure that the US simply sees the risk of killing the US fracking industry to be an undesirable side effect of this plot, and they are willing to play chicken with the Russians in order to achieve their number one goal, which is, “Destroy the Russians.” In this game, they are willing to risk it all for their number one goal. Everything else, all risks, side effects, the whole ball of wax, takes a back seat to the one overriding goal on which they are doubling down and betting it all.
It is a very crazy kamikaze game the US is playing, and the risks are great. Already the first North American fracking firm has filed for bankruptcy. If the North American fracking industry goes belly-up, there is a risk of a derivatives crash that will make the 2007 crash look like a picnic.
The Deep State is really throwing it down on this one.