Oil, Food, Housing: Recession Looms Like None Other!

JP Morgan warns crude could jump to $185 barrel – reflecting an 85% + increase at the pump – nearing the $8 per gallon mark.   The major cause being Europe’s decision to reign in Russian imports to $-0- with the first phase this May and dry by the end of 2022. This would NOT include Biden’s announcement that more taxes need to be tagged on to the pump price as well.   A well oiled plan indeed!

Given the democrats are well aware that their policies will cost them the House & Senate – assuming no voter fraud – it is likely they plan to incur as much destruction as possible before they leave by November.   Oil impacts just about everything in our lives, not just the miles we drive.   But it isn’t the only target…

Rumblings of a cyber attack on our grids is imminent.   Those rumblings come from liberal news outlets prompted by the CIA and other internal intelligence divisions.   Meaning the attacks could be pre-planned and likely from within.   Such a hack would have the greatest impact during a heat wave this summer prompting a ‘Russian Hoax Propaganda Blitz’ once again and a possible propaganda retaliatory strike by the US Military.   For one purpose only – initiating a full-blown global war.

Technically, given the amount of military aid to Ukraine in the realm of weapons and money, the US and EU have already joined the war.   Putin has made it clear that every piece of equipment is a valid target.   Basically, US taxpayers are footing the bill for the US to send equipment to Ukraine to be promptly blown up.

Reducing our INVENTORY!

After ‘donating’ the Taliban in Afghanistan $85billion worth of free military equipment, the Pentagon claims it has no idea where the $2.5billion in weapon aid to Ukraine has flitted off to –  stating it is too hard to ‘track’.   Too Hard TO Track?   As in it is being diverted to offshore accounts – hard to track?   Depleting our oil reserves, depleting our weapon reserves, the Pentagon is literally setting us up to be defenseless!

Of course it goes without saying that no military weapons are based on lithium batteries… and require that nasty fossil fuel called crude to operate. Imagine a jet or tank powered by wind and batteries that can only withstand a very limited variation in temperature!   GOOD GRIEF!

All these woeful factors will create a recession according to Fannie Mae with mortgage rates already pushing 7% and a sharp decline in home sales which will trickle to construction, which trickles to jobs, jobs, jobs. Home sales dropped by 4.5% in March over February as borrowers are less likely to qualify causing prices to adjust. Housing inventory is up nearly 12%.

A boon for the rental market. No surprise there!   You will own nothing and be drugged happy !!

While Biden is a core finger pointing blame game – this isn’t Biden, it is a consortium of elite people who have coordinated the effort across all western countries.   They own each and every western government.   The heads of state are all puppets without a scarecrow brain among them.

And as I have said before, the BRICS will be relentlessly attacked as they hold out on this globalist agenda aligning more and more with Russia.   Something the globalists did not anticipate which is the basis for the unrelenting Putin is evil pariah saga.

In the midst of this meltdown, the G-20 Summit proved kindergarten is still in session as a number of snubbers left the room, including Janet Yellen, when the Russian finance minister took the podium.   Bojo desperately tried to ‘persuade’ India’s Modi to join the hate Russia parade only managing to make a further fool of himself and the west in general.   As a result, Modi may be blocked from the G7 Summit in June.   I’m sure that will make him acquiesce.  

And the entire meeting was a grandiose waste of time given the snubbing, the mockery, the fakery, was all directed toward Russia and thus no one spoke outside of whispers.

Ursula felt it was the appropriate moment to declare that Russia would soon – default on their debt and predicted Russia’s GDP would fall by 11%.   Ignoring the fact that JP Morgan has predicted another 85% increase in the price of crude – benefitting – Russia! Saudi Prince Salman, who seemed aligned with President Trump, mocked Biden’s demand that oil output be increased and was rudely accused of assassinating the Wapo ‘journalist’ Jamal Khashoggi.      I wonder if the Saudi’s will become a member of the BRICS?

Blackmail and intimidation only work on cowards.

Germany, which is still importing necessary gas from Russia declared that they would find their net zero as of the end of 2022 during the middle of winter.   Without declaring how.   Although replacing the gas with wind and solar is off the table and simply buying more fossil fuel from other countries is to date their green agenda!    Why?  Germany’s failed wind and solar program is seen as a massive bust when winter does the deed and solar and wind are covered in – SNOW!  Making their Green a rusty toilet.

Firing up COAL!  Is their unstated, unhyped solution!

The comedy of errors and hypocrisy is so blatant now that the masses see beyond the masquerade and have the power to upend the agenda.   Numbers are growing in our favor – but undoing the chaos will be much harder than creating it!

NATURAL GAS Prices Spike Despite Surplus…

In 2019, just 1 ½ years ago, America was hailed as having the greatest ‘surplus of cheap gas in the world’. We were oil independent.   Our economy was growing expeditiously!   People were happy!    And a New Age of Prosperity was beginning – albeit not of the Global Order.

So how did we reverse that entirely within just 2 years?   Where oh where did all that surplus go?

Europe first reported a shortage. It’s gas tanks are 77% full with 80% of supplies coming from Russia, Norway and Algeria.    What is their holdup?  “Russian and German regulators are in a debate as to whether new regulations apply that were put in place after the pipeline was given its final investment decisions.” ~ HIS Markit.   Germany’s regulator announced in September it has four months to complete certification of Russia’s Nord 2.   That would indicate the shortage is purely political with citizens literally paying the price while Germany blames Russia!.

Norway raised its gas prices 700%.  Why?   Because it could.

And yet Biden threatens Russia not to profit on the crisis.   Short Term memory:    If I recall it was Obama who initiated an oil and gas war with Russia tanking the price in the hopes that their economy would spiral unabated.   It didn’t work.

The US is the world’s largest producer of natural gas exporting 10% of it’s annual production.   But Biden cut down shale production which is a by-product of natural gas.   Thus the US has gone from a net exporter to a net importer.   Spiking investor concerns. So who is using up the natural gas?

China.   China’s imports are up roughly 20% this year.   January 2021, China’s largest supplier, Australia’s main producer, Woodside, shut down it’s LNG trains for the entire year due to maintenance issues.   As in -0-.   As a result, US shipments increased depleting US reserves that were already hampered by Biden’s shale debacle.

In other words, three separate manipulations have created shortages:   1. Germany refusing to certify Nord 2, and   2.   The US picking up the slack for Australia in shipments to China,  and  3.   Biden cutting shale production.

Warmer than normal weather in the US has now factored into the inventory picture which seems to fluctuate on a media basis – monthly, currently citing inventories are down only 4% from the five year average.   Yet the price of natural gas has risen 51% from October 2020.    In essence revealing the manipulated spike.

Oil and Gas production is down 20% from 2019 when output reached roughly 14 million barrels per day.   Today the output is 11 million with absolutely no direction of it coming close to previous levels.   Although production is only down 20%, gas prices have doubled.

These are NOT parallel numbers.   Exxon Mobile’s share price has doubled in the past year while revenue in 2020 tanked 30%, first half earnings went from a loss of $(1.69) billion to $7.42 billion profit.   DESPITE a massive push for renewables by the Biden Handler Regime.   But then in 2019, Exxon signed a contract with China to provide 1 million metric tons of natural gas per year for 20 years.

Again exports of crude oil & petroleum products to China dropped significantly in the Trump era of 2019 only to increase this year by over 400% for the first quarter. Obviously, Biden’s pleas for the Saudi’s to send more oil to the US is a ridiculous media spill that is indicative of his catatonic brain stem.   US shortages are thus exasperated by taking what we have and giving it to China while doubling the pump price.

Now with US shipping ports in Liberal California and New York congested beyond repair, our ingenious government says we just need to import less cheap products from China.   These same liberals demanded we increase our trade with China when Trump began his sanctions.   It is as though the whiteboard of historical information has been erased and we are supposed to simply stop blinking.

But Then We Are in Alice’s Wonderland… RIGHT?