zaterdag 6 oktober 2018

Several countries turning to Trust; Ongoing talks about taxes, student loan debts etc;

https://youtu.be/p6RCzhNfwH0


Source: Lucid Dreamer

X ANON ...HAROLD WALLACE ROSENTHAL INTERVIEW - ( MUST WATCH )

https://youtu.be/WzNLh-meW64

Source: X Anon

BREAKING!: Alexander Pechtold stopt als partijleider van D66


Door Realpredictor
Alexander Pechtold vertrekt als partijleider van D66. “Het is mooi geweest.”
De fractie zal dinsdag een opvolger kiezen, maakte Pechtold bekend op het najaarscongres van zijn partij in Den Bosch. “Vandaag, vandaag eindigt het. Hier op ons congres in Den Bosch stap ik het podium af. Na 12,5 jaar maak ik als partijleider de balans op en concludeer ik: ik heb alles gegeven, we hebben er alles uitgehaald, het is tijd voor nieuw leiderschap”, aldus Pechtold in zijn speech. 
RTL Nieuws
‘Groot verlies’
Volgens premier Mark Rutte is het vertrek van Pechtold een groot verlies voor zijn partij en voor de Nederlandse politiek. “Maar ik zal hem ook persoonlijk erg gaan missen”, aldus Rutte.
Pechtold is sinds 2006 de politiek leider van de partij, en boekte grote successen. Maar zijn imago liep schade op door perikelen in de privésfeer. Ook doet zijn partij, sinds vorig jaar een van de vier coalitiepartners, het inmiddels slecht in de peilingen.
Bron:
www.rtlnieuws.nl
(h/t “Koddebeier”)

Financial markets are telling you something, but are you listening?


NICK HUBBLE


Dear Reader,
 
If an insurance company doesn’t offer flood insurance on your new home, you know you’ve got a problem.
 
Well, the insurance on Italian government debt is getting mighty expensive of late.
 
 
But there’s something else I want to show you.
 
You see, there’s a difference of opinion on the following question:
 
If Italy leaves the euro and goes back to the lira, does this constitute a default?
 
Having loans repaid with a different and devalued currency certainly would feel like a default for lenders.
 
But this is just the sort of thing an insurance company would use to weasel its way out of a claim.
 
Bloomber reports on the distinction by looking into Credit Default Swaps – the financial market version of an insurance contract:
 
The 2003 vintage of sovereign CDS contracts promises to pay back the face value of government bonds in the event of a debt restructuring.
 
The 2014 version offers additional protection against the risk that the defaulted bonds may also be converted into a currency other than the euro.
 
So the price difference between 2014 and 2003 CDSs with the same maturity shows the extra insurance premium investors are willing to pay for protection against a currency redenomination.
 
In other words, insurance contracts written in 2003 don’t cover you for flooding, but 2014 contracts do. The difference in price tells you the probability of a flood. Or, in this case, the probability of Italy leaving the euro.
 
Since 2017, the price difference has been growing. And since April it blew out.
 
This tells you investors are extremely worried about Italy leaving the euro.
 
Source: Bloomberg
 
To find out what that would do to British stocks, banks, and your net worth click here.

Best wishes, 
 
Nick Hubble
Editor, Capital & Conflict

REAL NEWS PRESIDENT TRUMP DOESN'T WANT YOU TO MISS


-The Wall Street Journal
“The jobless rate fell to 3.7%, the lowest since December 1969, the Labor Department said Friday,” Eric Morath and Harriet Torry report. “This is the best job market in a generation or more,” Glassdoor Chief Economist Andrew Chamberlain said.

-Fox News
“Trump administration negotiators reached a major agreement with Canada on trade over the weekend. The breakthrough, which came on the heels of an earlier deal with Mexico, vindicates President Trump’s tough approach to reforming trade and will mark a fundamental turning point for American jobs and global power,” writes Christian Whiton, Senior Fellow at the Center for the National Interest.

-CNBC
“On this Manufacturing Day, Americans around the country can celebrate the growing manufacturing revival due to the tireless efforts of President Donald J. Trump and those in his Administration,” Commerce Secretary Wilbur Ross writes. Under President Trump, “year-over-year manufacturing job growth in 2018 increas[ed] at the fastest rate since 1995.”
-The Daily Caller
“Mrs. Trump is sending a powerful message by selecting the continent of Africa to embark upon her first major multi-country solo foreign trip as the first lady,” White House East Wing historian Jennifer Boswell Pickens writes. “The message is clear: She wants to address challenging and substantive issues both domestically and abroad. She is secure in her position and willing to spend her own political capital to take a stand for causes she cares about.”
-Washington Examiner
“Whether you're a Democrat, Republican, or an independent, you should welcome President Trump's announcement of the new United States-Mexico-Canada Agreement, or USMCA, on Monday,” Tom Rogan writes. “A replacement for NAFTA, the USMCA will increase U.S. access to Canadian markets and ensure greater centering of the car industry in North America.”
-The Washington Post
“Vice President Pence on Thursday issued a broad indictment of the methods behind China’s rise to becoming a major economic power, asserting in a sharply critical speech that Beijing has sought to undermine U.S. interests across the globe — and to undermine President Trump in the midterm elections,” David Nakamura and Anne Gearan report.
-Fox Business
“National wage growth is at the highest it’s been in nearly 17 months — and, according to a new study released by Glassdoor, it’s not expected to slow down anytime soon,” Megan Henney reports. “Wages grew 2.6 percent year-over-year from 2017 to $52,664, making it the fastest wage growth seen since April 2017.”
-The Wall Street Journal
“Few Americans would say that they’re actually sick of winning, but you can add one more positive report to the recent run of upbeat readings on the nation’s economy,” James Freeman writes. “NFIB Chief Economist William Dunkelberg says that a record 37% of small businesses in September ‘reported raising overall compensation in hopes of hiring and retaining needed employees.’”
-The New York Times
“President Trump’s maxim that ‘economic security is national security’ comes with an important corollary: A strong manufacturing base is critical to both economic prosperity and national defense,” writes Peter Navarro, Assistant to the President for Trade and Manufacturing Policy. In addition to pro-growth policies such as tax cuts and deregulation, President Trump adds a key order: “the first governmentwide assessment of America’s manufacturing and military industrial base.”

Q 10.6.18 Now Comes The Real PAIN Now Comes The Real TRUTH [BOOM]

https://youtu.be/E6cKa79jufo

Source: Patriot Hour

THE FRIGHTENING TRUTH ABOUT THE PLOT OF AMERICAN HORROR STORY APOCALYPSE...

https://youtu.be/HW96H2pJbdo

Source: A Call For An Uprising

Angst voor terreur en toekomst eigen cultuur: China en Japan laten geen moslims meer toe


Verkapte pro-islam indoctrinatie in Nederlandse media zoals vandaag in Financiële Dagblad en recent in tv-serie ‘Flikken Rotterdam’
 De militante Oeigoeren voeren een blauwe Turkse vlag, en streven met Turkse steun naar afscheiding van China en de oprichting van hun eigen islamitische staat (Afbeelding: Wikimedia Commons (2)).
Het is niet toevallig dat er vandaag een artikel in het Financiële Dagblad staat waarin op tamelijk tendentieuze wijze wordt bericht over de ‘onderdrukking’ van de Turks-islamitische Oeigoeren in China. De Chinezen hebben na een aantal zeer bloedige terreuraanslagen echter de conclusie getrokken dat zodra je de militante en agressieve religieuze ideologie van de islam ruimte biedt, dat automatisch voor de hele bevolking steeds meer geweld, terreur, vervolgingen en armoede tot gevolg heeft. Om dezelfde reden laten Japan en ook Zuid Korea geen moslims meer immigreren. Europa doet het echter het tegendeel: dat dwingt met massa immigratie de eigen bevolking en samenleving stapsgewijs te islamiseren. ‘Baizuo’, noemen de Chinezen ons daarom: arrogante, maar domme blanken, die hun ooit hoogstaande cultuur vrijwillig en zonder verzet lijken over te geven aan het barbarendom.

In China leven ongeveer 20 miljoen moslims, die voornamelijk in de westelijke provincie Xinjiang wonen. Net als in Europa weigeren de meesten te integreren in de Chinese samenleving omdat hen dat door de Koran verboden wordt. Deze islamitische Oeigoeren zijn een Turks volk en streven naar afscheiding van China, wat vanuit Turkije wordt ondersteund, mede omdat de moslimdictator Recep Tayyip Erdogan openlijk streeft naar een hersteld Ottomaanse wereldrijk.

Duizenden Chinese slachtoffers door aanslagen en ander geweld

10 jaar geleden dreigden de Turks-Oeigoerische separatisten met massale aanslagen op de Olympische Spelen in Beijing, die door ongekende veiligheidsmaatregelen werden voorkomen. In de loop der jaren hebben deze separatisten echter duizenden Chinezen vermoord of verwond door terreuraanslagen, misdaden en ander geweld. De Chineze autoriteiten hebben al talloze aanslagen weten te verijdelen, maar konden in 2014 niet voorkomen dat er op een station 29 mensen willekeurig met messen werden doodgestoken, en er in Ürümqi, de hoofdstad van Xinjiang, auto’s op mensen inreden en diverse bommen ontploften. Eerder waren er bij een moslim aanslag op een station in Kunming al eens 34 doden gevallen.

China pakt basisoorzaak, de islam, wèl aan

Daar waar in Europa politici zich steeds opnieuw enkel eventjes ‘geschokt’ tonen na dit soort ‘incidenten’, en de bevolking bloemen en teddyberen op de plek waar onschuldige landgenoten zijn vermoord legt om vervolgens weer over gaan tot de orde van de dag, trokken de autoriteiten in China een heel andere conclusie, namelijk dat de ellende alleen maar erger zou worden als de achterliggende basisoorzaak van deze aanslagen, namelijk de militante islamitische religie, niet zou worden aangepakt.
En dat gebeurde dan ook. Er werden 15 wetten ingevoerd waarmee het openlijk uitvoeren van (islamitische) religieuze handelingen werden verboden. Daaronder viel bijvoorbeeld de weigering van Oeigoerische ouders om hun kinderen naar het openbare onderwijs te sturen, om te voorkomen dat ze daar met niet-islamitische ideeën in aanraking komen. Ook allerlei speciale eisen die leidden tot afscheiding van de rest van de bevolking, zoals halal voedsel in kantines en aparte zwem- en sportlessen voor jongens en meisjes, behoorden meteen tot het verleden.
Moskeeën zijn nog steeds wel toegestaan, maar mogen pas vanaf het 18e levensjaar worden bezocht. Ook moeten imams hun preken eerst ter goedkeuring aan de overheid voorleggen. Dat is om te voorkomen dat ze net als in West Europa in hun eigen taal onbeperkt tot afscheiding, agressie, terreur en geweld tegen de autochtone samenleving kunnen oproepen, met de bedoeling uiteindelijk alle niet-moslims te onderwerpen aan de islam.

‘Baizuo’: Naïeve blanken halen ‘achterlijke islamitische waarden’ binnen

De Chinezen hebben een speciaal scheldwoord voor de onwetende, arrogante Westerlingen, die zich in de rest van de wereld altijd menen te mogen opwerpen als de enige redders en verdedigers van de mensenrechten: ‘Baizuo’. De tijden dat China zich als een Derde Wereldland liet koeioneren zijn echter allang voorbij. Binnen 3 decennia groeide China uit tot de op één na grootste economie ter wereld, die de Verenigde Staten zo rond 2030 gaat inhalen.
Volgens het Mercator Institute for China Studies (MERICS) verwijten de Chinezen de ‘naïeve blanken’ dat zij met hun politiek correcte multiculti ideologie ‘achterlijke islamitische waarden’ hebben binnengehaald en toestaan dat deze worden ingevoerd. Als daar niet net als in China heel snel een halt toe wordt geroepen, dan behoort het vrije en welvarende Europa tegen de tijd dat China de VS aflost als supermacht nummer één definitief tot het verleden, omdat wij dan uit eigen beweging onderdeel zijn geworden van een tot chaos en armoede vervallen Eurabia of Eurafrika.
De rechtse Duitse blogger Michael Mannheimer pleit daarom voor een onmiddellijk inreis- en visumverbod voor moslims en het optrekken van een ‘Muur Europa’ voor de islam, ‘de gevaarlijkste religie ter wereld’. Ook moet Europa in zijn ogen zo snel mogelijk energie onafhankelijk van het Midden Oosten worden, zodat we daar niet langer mee kunnen worden gechanteerd om onze grenzen open te houden voor miljoenen moslimmigranten.

Indoctrinatie ook door Nederlandse media

Het artikel van vandaag in het Financiële Dagblad is dan ook een typisch voorbeeld van hedendaagse desinformatie, afkomstig van verslaggevers en redacteuren die in West Europa bijna zonder uitzondering linkse activisten zijn die volmondig de grenzen-loze ‘Umvolkung’ ideologie van de gevestigde orde steunen, zodat de oorspronkelijke Europese cultuur en samenleving geleidelijk wordt uitgewist en vernietigd, en vervangen door islam.
In de TV-media gaat deze misleidende extreemlinkse indoctrinatie al zover dat in een populaire politieserie als ‘Flikken Rotterdam’ onlangs een potentiële terreuraanslag door ‘alt right extremisten’ werd verijdeld, en werden de moslims die deze ‘rechtsen’ de schuld wilden geven voornamelijk afgeschilderd als onschuldige slachtoffers. Daarmee zetten de producenten op even schaamteloze als schandalige wijze de honderden Europese slachtoffers van vele honderden kleinere en tientallen grote islamitische terreuraanslagen in de afgelopen jaren achteloos opzij, en worden mensen die hier juist tegen waarschuwen verketterd als ‘extremistische terroristen’. Om met de Chinezen te spreken: typisch ‘Baizuo’.

Xander

Nederland organiseert volgende wereldwijde WHO conferentie tegen tabak


6 oktober 2018 - 14:34

In 2020 organiseert Nederland de volgende wereldwijde conferentie van de Wereldgezondheidsorganisatie tegen tabak. Het gaat om de negende editie van de zogenaamde Conference of the Parties (COP) van het WHO FCTC verdrag. Dat is vandaag bekendgemaakt in Genève tijdens de sluitingsceremonie van de achtste COP. Staatssecretaris Paul Blokhuis (VWS) heeft het initiatief genomen om de conferentie naar Nederland te halen en was op 1 oktober in Genève om de Nederlandse kandidatuur kracht bij te zetten.

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Foreign aid for the EU
Boris Johnson is fighting for a harder Brexit. And he wants to use the UK foreign aid budget to save the elephants…

Daniel Hannan says the EU is trying to call our bluff, but we’re not bluffing. We’re “bloody minded”.

Hotel California and Dunkirk references are popping up too.

A hard Brexit is emerging as the antidote to EU belligerence, and Labour’s new policies. It might even unite the Tory party, if its leader would only adopt the policy.
Click here to continue reading

9 Most MYSTERIOUS Islands On Earth!

https://youtu.be/Bntj6OCe2_g

Source: Secret Truth

Bible Prophecy is Happening Worldwide! (2018-2019)

https://youtu.be/GW8DGx_t0pk

Source: Jason A

Machtsgeilheid, grootheidswaanzin en vernietigingswoede als hoofdmotieven van Merkel!


Door Realpredictor
(Door: Inge Steinmetz – Vertaling: E.J. Bron)
Merkel is overal als een olifant in de porseleinkast doorheen gedenderd. Ze heeft alles verwoest wat er te verwoesten viel. Europa, Duitsland, haar partij. Uit machtsgeilheid, vernietigingswoede en grootheidswaanzin.
Wie had dat gedacht? De verkiezing van de fractievoorzitter mislukt volledig, hoewel de afgevaardigden haar toch gewaarschuwd hadden: “Zij dragen mij allemaal” en “dit moment zou het verkeerde voor een wisseling zijn’. Tja, voor deze keer geef ik u gelijk, u en de CDU´ers hebben het moment grondig gemist. Het jaar 2013 zou een goed moment geweest zijn, dan zou u nog – alhoewel u niets geweldigs gepresteerd had – positief de Duitse geschiedenis zijn ingegaan.
Helaas voorziet het Duitse recht niet in een beperking van de ambtstijd, en zodoende wordt grootheidswaanzin bevorderd, die waarschijnlijk bij een ieder die een derde en zelfs een vierde keer bondskanselier wordt, optreden. Tijd genoeg om iedereen die hinderlijk of gevaarlijk voor hen zou kunnen worden, uit de weg te ruimen, van de mentor (Helmut Kohl) tot aan de president van de Binnenlandse Veiligheidsdienst (Hans-Georg Maaßen).
Machtsgeilheid als hoofdmotief van deze kanselier
Je zou het machtsgeil kunnen noemen wanneer iemand – die behalve de politiek niets heeft – alles doet om maar in functie te blijven. Je zou het machtsgeil kunnen noemen wanneer iemand zich alleen nog maar met jaknikkers omringt. Je zou het ook machtsgeil kunnen noemen wanneer iemand niet in de gaten heeft dat zijn uur geslagen heeft en hij zelf krachtig aan de tak zaagt waarop hij zit.
Vernietigingswoede
Als een olifant in de porseleinkast bent u overal doorheen gedenderd. U hebt alles verwoest wat er te verwoesten viel. Europa, Duitsland, uw partij. Families en vrienden vliegen elkaar vanwege uw politiek in de haren. De veiligheid, dus niet de “gevoelde”, is verdwenen. U kunt nog zoveel bewakingscamera´s laten aanbrengen, nog zoveel politieagenten aanstellen, het zal niets veranderen. Onder u werd de vrijheid van meningsuiting afgeschaft, het zou toch ook te gek voor woorden zijn wanneer iemand kritiek op uw stijl van leidinggeven zou mogen hebben. Zoiets bestond ook niet in uw zo geliefde DDR! Maar goed dat u nog vrienden uit oude tijden zoals Anetta Kahane hebt, die kunnen zeer behulpzaam zijn.
Grootheidswaanzin
Er is zoveel gebeurd in de afgelopen drie jaar. Hebt u werkelijk ooit gedacht dat “wir das schaffen”? Gewoon een slogan kopiëren – nee, zelfs DAT lukt u niet alleen, ook daarvoor hebt u “adviseurs”, u bent altijd alleen maar uitvoerend orgaan – dus uit “Yes, we can” een “Wir schaffen das” creëren en dan verwachten dat de anderen als mieren gehoorzamen en de koningin ook nog huldigen!
Hoe grootheidswaanzinnig moet iemand zijn, die WERKELIJK denkt dat ZOIETS zou lukken? Miljoenen mensen in het land uitnodigen, de meesten van hen jong, mannelijk en ook nog uit een “cultuur” die niet met de onze verenigbaar is.
Ze zal niet diep vallen
Hoogmoed komt voor de val! Dat zegt een Duits spreekwoord. Dat kan wel zo zijn dat u niet diep zult vallen. Men zal u dus binnenkort in een beter betaalde functie benoemen, waar u geen schade aan kunt richten.
De chef van de kantine van het Duitse parlement schijnt het bestek al vervangen te hebben door plastic, een plek als overbetaalde keukenhulp zou er dus in kunnen zitten.
Lees hier het hele artikel:

Mark Taylor Latest Update October 2018➤Why We Have So Many Homeless

https://youtu.be/zRIOmg0Isgk

Source: John Ruben

URANIUM ONE SCANDAL: New 37 Page Document Could Put An End To Hillary, Obama And Mueller


https://youtu.be/WfNCMboJ6sA

Source: Wikipolitics

vrijdag 5 oktober 2018

Lindsey Williams - Secrets Of The Elite DVD 1

https://youtu.be/CIRfFh3vbQ0

Source: Lindsey Williams

Silent Weapons For Quiet Wars Document - Full Read

https://youtu.be/s_38tsQ4p0I

Source: Brolance

T3: 90% Purge Required for UN Sustainable Development (Agenda 21)

https://youtu.be/0_kgQC8UUVo


Scary Truth About Illuminati Agenda 21 (Events 2018 - 2019)


https://youtu.be/grobpSCJKpg

Source: Hedgehog

Vote for President Trump Midterm-elections

https://youtu.be/579-5EnhdrE




The Story That CNN Would NEVER Air (2018)


Miss Hilary Clinton hire private Journalists in as spy and pay them from taxmoney.
She has a massive pedonetwork wich is sponsored by the Clinton Foundation.
Mister D.J Trump doesn' t want to walk away from the truth and worked his whole life to get what he have nowdays.

So please vote for President Trump.

Thank you

The Deep Truth Behind Why Trump Is President


https://youtu.be/nd5duoni5UE

Source: Collective Evolution

Julian Assange's last word's "Intelligent Evil Dust, it's everywhere in everything" cut off air.

https://youtu.be/Rd6u5Los-VM

Source: John 919

Trump Says YES TO Q!!!!!!!

https://youtu.be/8xcc2nd915c

Source: Dnajlion7

Did Jesus Reveal the name of the Anti-Christ ?


https://youtu.be/RkpiTMNbVJ0

Source: Annette Cividanes

Are You Ready To See Arrests Stan 10-06-18

https://youtu.be/CeiVysiHYR0

Source: Prophecy Club

NASA ADMITS WE NEVER WENT TO THE MOON

https://youtu.be/DpPMoIv1lxI

NASA = NEVER A STRAIGHT ANSWER AND NOT NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

Source: Better Mankind

The Moon Is A LUMINARY & No One Goes Above Low Earth Orbit

https://youtu.be/nQVVOAyu3vs

Source: Crrow777

Satan's Law of Inversion and the Flat Earth...

https://youtu.be/R0sqW6BP5gI

Source: New Horizons Extra

Clues to the next FALSE FLAG... Fake Aliens and Predictive Programming

https://youtu.be/_L1fmT6SwAw

Source: New Horizons Extra

Tentacles of the Deep State EXPOSED [2018] PART 1


https://youtu.be/mGKth5iUVAk

Source: Edge of Wonder

The Oil Price Rally Is Under Threat


 
Dear Member , Upgrade to premium
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Greetings from London. 

The most recent oil price rally is set to hit some resistance as refinery maintenance season looms and U.S. oil stocks rise.















Friday, October 5th, 2018


Oil fell back sharply on Thursday, coming on the heels of a huge buildup in U.S. crude inventories. However, the stock increase was largely due to an unexpected dip in exports, so the implications of the EIA report are still unclear. Still, even as Iran outages loom, seasonal factors could offset the bullishness. “We’re now into fall refinery maintenance season, and so we’re seeing builds in inventories because refineries aren’t taking in as much crude. Those builds could continue for a while,” Mark Waggoner, president of Excel Futures, told the Wall Street Journal in an interview.

IEA: Petrochemicals driving oil demand. The IEA put out a new report that highlights the increasingly prominent role that the petrochemical sector is playing in driving global crude oil demand. Petrochemicals will account “for more than a third of the growth in oil demand to 2030, and nearly half to 2050, ahead of trucks, aviation and shipping.” Transportation will start to lose its prominence as an engine of demand growth in the years ahead, with electrification taking hold. But there are few major alternatives to crude oil and natural gas in the petrochemical sector.

U.S. accuses Saudi Arabia of holding back. The U.S. State Department criticized Saudi Arabia for not using its spare capacity this week. A State Department official said that the U.S. was working with Saudi Arabia to use the spare capacity that they are “not deploying,” while also insisting that the U.S. was “doing its part.” "The United States continues to engage with OPEC countries and we encourage them to utilize their spare capacity to ensure world oil supply meets the demand," the State spokesperson said in a statement to 
S&P Global Platts on Wednesday. The official said OPEC and non-OPEC producers including Russia “continue to withhold production.” The statement was odd given that spare capacity is very low by any standard.

Saudi Arabia to invest $20 billion in spare capacity. Saudi Arabian oil minister Khalid al-Falih said it will 
invest $20 billion to maintain and potentially grow the volume of its spare production capacity. Saudi Arabia has consistently claimed that it could produce and sustain 12 million barrels per day, a figure that has yet to be tested. Riyadh is contemplating investments to increase that threshold to 13 mb/d. “This spare capacity is not just a natural reservoir that we have. This is very expensive investments for the kingdom, and some of our partners within OPEC and OPEC+ have elected to invest to maintain (oil capacity) to have the readiness on a short notice,” he said at an energy industry event in Moscow. “The next 1 million bpd of Saudi capacity is going to cost us over $20 billion. It costs us $2 billion a year of operation expenses to staff and maintain these facilities.”

Traders wager on $100 oil. Hedge funds and other speculators have 
staked out betsthat would pay off if WTI hit $100 per barrel by the end of 2019, a sign that the market thinks that the loss of Iranian supply, combined with IMO regulations cutting into marine fuel supply at the start of 2020, could severely tighten the oil market.

Canada will restart Trans Mountain process. Canada 
said on Wednesday that it would not appeal a court ruling that blocked construction of the Trans Mountain expansion. Instead, the federal government will restart the consultation process with First Nations.

Oil industry sees Colorado ballot initiative as major threat. Houston oil and gas companies are spending heavily in Colorado to defeat a ballot measure that would increase the distance between homes and where companies can drill. These setback distances would increase from 500 feet to 2,500 feet, a distance that would kill off drilling, the industry argues. Oil and gas companies have spent at least $20 million to defeat the measure, according to 
the Houston Chronicle.

Trump admin to allow year-round ethanol sales. The Trump administration is reportedly set to 
announce a new policy of allowing the sale of high-ethanol gasoline all year long, removing the prohibition in place for summer months. The move is intended to placate Midwestern farmers, who have been hit by falling soybean prices stemming from Trump’s trade war. The oil refining industry has vociferously opposed any policy favoring ethanol sales, and refining interests are lobbying hard at the eleventh hour in an attempt to dissuade Trump from going forward.

Repairs at Venezuelan dock delayed. A tanker collision a month ago at a critical Venezuelan port may take longer to repair than initially expected. 
Reuters says one of the docks will take another month before it can come back online, which will likely lead to steeper oil export losses. Venezuela’s exports fell to just 1.1 mb/d in September.

India cuts fuel taxes. Succumbing to the crushing weight of high fuel prices, which are exacerbated by the weaker rupee, the Indian government decided to lower taxes on gasoline and diesel to provide some relief to motorists. “The combined relief to a consumer will be Rupees 2.5/liter,” India’s finance minister 
said. Efforts such as this, which have increased in 2018 as global oil prices surged, will minimize oil demand destruction that would otherwise occur.

EU companies won’t play along with Iran sanctions workaround. The EU setup a special purpose vehicle to allow companies to continue to do business with Iran, but the FT 
reports that top European refiners are not convinced that the financing vehicle would shield them from U.S. sanctions. “We cannot afford to take the risk to be banned from using the US financial system,” Patrick Pouyanne, CEO of Total SA (NYSE: TOT), said at a conference in Russia.

Best Regards,

Tom Kool
Editor, Oilprice.com

P.S. – We are excited to announce in the past few weeks the Oilprice community has grown over 50%, becoming one of the largest most active energy communities on the internet. 
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• Is Saudi Arabia Showing Signs Of Weakness?
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• The Oil Rally Isn’t Over
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Global Intelligence Report - 5th October 2018


Filling in for Iran, Keeping a leash on MbS, Musk as a persona non-grata in Riyadh, Libya’s impossible elections … and more

The billion-dollar question for the month is definitely who will fill in the gap for the Iranian oil that is about to be removed from the market due to another phase of U.S. sanctions. The consensus among hedge funds is that the Saudis won’t be able to, despite the fact that Riyadh keeps telling Washington that it can fill the lion’s share of the gap.

Last week, there have been rumors in the region that Saudi Arabia and the UAE—both facing a bit of a cash crunch—are actually seeking to push oil prices higher and may be coordinating efforts to miss production targets to that end. While the wider oil community in the region has expressed the opinion that the Saudi’s may not be able to increase production to the extent that they have claimed, typically, the Kingdom has 1.5-2 million barrels per day of spare capacity meant to manage the market. However, that spare capacity—which is the subject of debate—cannot be kept up indefinitely.

Reports that emerged this week citing unnamed sources claim that the Saudis and Russians had already agreed (without the rest of OPEC) at the end of September to “quietly” raise output through December to keep oil prices under control.

This is a very delicate balancing act for the Saudis. They would like the extra cash that high oil prices bring; however, their moves and public statements are not meant to appease Trump so much as to avoid the media barrage of ‘cartel’ headlines. At the same time, they are concerned about letting prices drop low enough to threaten investment in an industry that needs to be pumping more to make up for the Iranian supply loss.

One thing is sure, global spare capacity will drop significantly as producers ramp up to fill in the gap.

Color from the Kingdom: Keeping MbS From Draining Saudi Coffers

While hedge funds are busy betting that the Saudis cannot make up for a loss of Iranian oil on the market once the next round of US sanctions hits on November 4th, inside Saudi Arabia, there is a fair amount of panic about the Crown Prince’s (MbS) propensity for over-spending and putting the Kingdom’s coffers in a position from which they would have a hard time recovering.

According to Oilprice.com sources with access to royal advisors, dealing with MbS requires a manipulation of the documents that are allowed to cross his desk, with any investment idea that is too tempting and risky removed before viewing in order to protect the Crown Prince from himself.

Under MbS, many of the conservatives in Saudi inner circles have been sidelined; and along with them the spending caution. Instead, MbS has surrounded himself with bankers who are more in line with the Crown Prince’s tendency to go for big, flashy deals that aren’t necessarily realistic or in the interest of the Kingdom. MbS has committed billions of dollars to Vision 2030 ideas that won’t see any financial returns any time soon.

These conservative forces who are working behind the scenes to keep things from spiraling out of control operate—for all intents and purposes—as a Saudi “deep state”. This same “deep state” was successful in ensuring that the much-hyped Saudi Aramco IPO was derailed. Part of the reason for this was that many of those that MbS sidelined were from Aramco; but Aramco’s own economists were busy trying to convince a line-up of advisors to MbS that the IPO would flounder (it wouldn’t be the cash cow that the Crown Prince thought it would be).

This is not to say that the Saudi “deep state” is an overt one. On the contrary, this is best described as passive-aggressive manipulation. There is no outright opposition to MbS’ plans—however crazy they may be. All efforts to derail new investment ideas are accomplished with the maximum amount of subtlety.

So, is the Kingdom in financial trouble? Not yet. Certain classes may be far less excited about the prospects of Vision 2030 delivering any fantastic returns (or jobs) anytime soon; however, there is still enough optimism to keep it afloat. And when it comes to finances, it will take much more than some wild investment schemes by the Crown Prince to make the Saudis desperate. The Saudis have deep coffers—even when that means simply moving money around—and they have the ability to borrow heavily. Vision 2030 has some major fault lines, which could widen, but for now it’s not enough to talk about financial instability.

For hedge funds earlier eyeing the potential of a Saudi de-peg from the dollar, things are not drastic enough to make this likely to happen, and the machinations of more cautious and conservative aides is keeping a lid on this talk.

Tesla: The Saudi Perspective

It’s not likely that Elon Musk will be able to make any near-future attempts to tap into Saudi investment funds following his run-in with the SEC that cost him his board chairman position at Tesla. Musk has overstepped wildly, angering the head of the Saudi Pension Investment Fund (PIF) and the Crown Prince, as well. Musk sought Saudi help in taking Tesla private, but he jumped the gun by tweeting to his 22 million followers that this was a done deal when it wasn’t. And when that became clear, Musk offended the Crown Prince by making it appear that the Saudi deal wasn’t good enough. The Saudi revenge on this slight came in the form of a well-timed leak about their investment in a potential Tesla rival—Lucid Motors. According to our sources in the Kingdom, the news of this investment was purposefully leaked when it was to annoy Musk.

Libyan Oil Conference on Hold

Libya’s National Oil Corp. (NOC) has moved to postpone a planned oil conference in Benghazi for two weeks, citing the recent attack on the NOC headquarters in Tripoli. The purpose of the conference was to bring local and foreign oil and gas companies together to discuss prospects. Libya tends to jump the gun on political stability, which has everything to do with the country’s oil. Production and export levels swing wildly as control over key oil facilities changes hands from various militia forces and back to General Haftar, the man responsible for ‘liberating’ Libya’s oil for export after it had been held hostage for over two years. Every time Haftar regains control of one or another of the country’s ports and returns it to the NOC, the market views it as ‘game over’, until the next attack.

There is a French and UN-backed plan now to hold elections in Libya in December. Haftar, who has publicly supported the idea, isn’t convinced that elections will take place at all in the current atmosphere. The September deadline for the creation of a constitutional framework to make elections possible has come and gone with no progress. Our assessment is that it is in no way feasible to hold elections in Libya in December, particularly given the intense surge of violence in Tripoli over the past month. By the end of this year, Libya’s oil patch could see its worst attacks yet and Haftar may not be able to come to the ports’ rescue in the face of escalating violence and bigger and more frenzied militia groups who are increasingly joining forces.

Global Brief Book

-    Former Iraqi Oil Minister Adil Abdul-Mahdi has been tapped as Iraq’s new prime minister. Importantly with regard to the ongoing oil dispute between the Iraqi central government and the Kurdistan Regional Government (KRG), Salih is the former prime minister of Iraqi Kurdistan and is backed by one of the two main Kurdish parties, the Patriotic Union of Kurdistan (PUK).

-    As unrest intensifies in Iraq’s oil-rich Basra region, the U.S. State Department has ordered the closure of its consulate there and the evacuation of its diplomats, citing security risks from Iran. Officials in Basra reject Washington’s notion that Iran has controlling influence in Basra; however, Iranian influence is significant enough to help fuel the ongoing demonstrations over water pollution, electricity shortages, corruption, unemployment and general lack of public services in the region despite the oil wealth.

-    The UAE is now requiring that oil tankers docking at its Fujairah terminal provide certified documentation about the origin of cargoes in preparation for U.S. sanctions on Iranian oil that go into effect on November 4th. Fujairah is the biggest oil-trading hub in the Middle East. This news appears to have been leaked purposefully, citing unnamed sources, in an attempt to demonstrate compliance to Washington.

-    For anyone following the trajectory of Noble Energy after Israel’s game-changing gas discoveries in the Levant Basin, the key news will be that Noble has sold its 43.5% stake in Israel’s Tamar Petroleum Ltd in order to focus on a gas export deal with Egypt. The Egypt deal sealed last week will see Noble, Israel’s Delek Drilling and the Egyptian East Gas Co. buy a 39% stake in the EMG pipeline. This is one piece of the puzzle for a massive $15-billion natural gas export deal that will see Israel export to Egypt beginning in 2019. The gas will come from Israel’s Tamar and Leviathan fields in the Levant Basin.

-    Next month will see presidential elections in Brazil. So the timing of the awarding of four blocks in the highly sought-after pre-salt layer (billions of barrels trapped in this layer) brings with it some uncertainty. Shell, Chevron, Exxon and Petrobras all won key blocks in two pre-salt basins: Santos and Campos. Brazil’s former president Luiz Ignacio Lula da Silva—in prison on a 12-year conviction—has named Fernando Haddad to replace him as the Workers' Party (PT) candidate in the elections. Haddad is an unknown and clearly an extension of Lula himself and despite all, he is polling second in this race.