We have all been keenly aware of the huge hike in oil prices recently, there have been many reasons put forward to explain this sudden rise ranging from extra demand by China to shortage of Oil reserves, I do not claim to be an expert of any kind where international commodity trading is concerned and no doubt there are those who read this blog who could and probably will, because of their knowledge of international trading, probably rip this post into little pieces, so be it I can live with that.

Oil, this is controlled by OPEC, with the exception of Nigeria, Venezuela and Angola all of the OPEC countries are Islamic countries, these countries control about 70% of the World Oil supplies, these countries are by no means "friends of the west" and there is no shortage of Oil in those countries

 

Why are we asking this now?Why are we asking this now?

As consumers continue to encounter rising living costs and higher prices at the petrol pumps, Gordon Brown has heaped some of the blame on Opec, the cartel of oil producing countries which produces around 40 per cent of the world's crude oil. He criticized Opec for holding back oil supplies and allowing the price of oil to skyrocket. Chakib Khelil, the current president of Opec, has already ruled out increases in production any time soon, arguing that there is no sign of a shortage. In the meantime, the price keeps going up. Oil hit a new high of $129 a barrel yesterday, and even Opec ministers have predicted that it could reach $200 (£100) a barrel within two years.

This from OPEC own site:

According to current estimates, more than three-quarters of the world’s oil reserves are located in OPEC countries. The bulk of OPEC oil reserves is located in the Middle East, with Saudi Arabia, Iran and Iraq contributing 56% to the OPEC total. OPEC countries have made significant contributions to their reserves in recent years by adopting best practices in the industry. As a result, OPEC proven reserves currently stand well above 900 billion barrels.

 

Is this hike in prices due to other factors not related to the reserves of Oil or the costs of extracting or shipping it to the consumer countries or demand, I think there are underlying reasons, I think this is Jihad by Oil.

The Middle eastern bloc is not pro western, in fact I think it is fair to say that they despise everything we stand for, the daily diatribe gushing out of these countries that call for the death of the west is relentless so we know that they do not like us.

Saudi Arabia is a Wahabe Islamic country thus they want a totally Islamic world, Iran has already declared that it wants to wipe Israel from the face of the Planet.

OPEC is in my opinion using Oil as a weapon against the west after all they control the tap, this is in effect Financial Jihad.

OPEC is netting huge amounts of money from the west by extortion, this money is then used to take over the financial institutions of the west, the UK stock exchange is but one example, the setting up of Islamic Sharia compliant Banks and insurances in the west is happening at an alarming rate.

The other effect of this Jihad by Oil is to make daily living in the west more and more expensive, the goods produced by the west for export will be more and more expensive thus having negative effects on the wests economy, depression of the western economies will be a cheerful sight to the OPEC members.

Why do we tolerate this blackmail which in my view is actually an act of war, if OPEC are going to behave this way then we should do the same.

How would we do this, simple, OPEC produces nothing but Oil, we in the west have a huge range of products that the OPEC counties want, we should sell these items to the OPEC countries with a HUGE OPEC only tariff

Example: if Saudi wants to purchase Aeroplanes either domestic or military then the price to them is £100 million per plane or ten times the original cost, if they need to import fridges the price is £10,000 each, when it comes to technology the sky is the limit, technology includes all things medical, military and luxury goods such as TV and Hi Fi, if this were done I am sure that OPEC would get the message

The west has to act as one to achieve this, OPEC is an anti west cartel, the west has to become an anti OPEC cartel and screw them into the sand