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U.S. To Begin Selling Iraqi Oil For $50 Per Barrel To Earn Back War Costs And Force Opec To Drive Down Prices
Hal Turner
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ALL IRAQI PIPELINES AND PRODUCTION FACILITIES SAID TO BE COMPLETELY PROTECTED AND READY TO PUMP!
The U.S. is going to offer the oil to companies on the condition they agree to sell refined products in the US and Iraq-war-coalition countries ONLY, at about half price we're paying now.
In addition, contracts for this half-priced oil will NOT be "let" through any Mercantile or Commodity Exchange or Oil Bourse where speculators drive-up oil prices to enrich themselves! The sales will be done directly between the US and Oil Companies.
Iraqi oil output is presently around 2.7 million barrels per day (bpd) and, according to sources familiar with this change, the US expects output to be at 3 Million bpd very soon.
Having that much cheap oil pouring into the biggest customers it is thought, will force OPEC to bring down prices or face losing a very large chunk of the biggest oil markets. Developing fast. . . . check back later. . . . . .