Arab oil and US economy

Arab oil and the US economical crisis

In May 2007, The U.S. House of Representatives acted on what's been known for years: OPEC's price-fixing conspiracy, it voted to allow the government to sue the Organization of the Petroleum Exporting Countries for price manipulation (OPEC), With average U.S. pump prices at an all-time, inflation-adjusted high of $3.22 a gallon, the House voted 345-72 to approve the "No Oil Producing and Exporting Cartels Act of 2007," or "NOPEC.", The bill would revoke the sovereign immunity OPEC members currently enjoy from U.S. legal action and allow the Justice Department to sue them in U.S. courts. [1].

Manraaj Singh Editor Profit Hunter: 'Arab Oil Wealth To Dwarf US Economy!' [Apr 29, 2008] [2].

Walid Phares (Oct, 2008): 'OPEC manufactured the financial meltdown' [3].

Notorios businessman Donald Trump Blasted Oil Prices and OPEC July 30th, 2008 “Oil (costs) is what is killing the world’s economy,” Observers say if the U. S. would rattle its own domestic oil supply saber it would shock the market and costs would plummet. Oil experts say the U. S. could be free of Middle East imports in less than 3 years. [4], he blasted major oil producing countries for the current recession and accuses large oil companies of "doing a major number" on everyone. [5], it’s the price of oil that is to blame, OPEC and the Saudi Arabians [6], on Feb. 4, 2009: "As far as the economy is concerned, though, I'm afraid that if and when the economy does get going, you'll have OPEC raise its ugly head and come out and just raise oil prices again and kill it, because I think that OPEC had a lot to do with the failing of the world economy." [7].

US president Barack Obama in his speech on February 24, 2009 said: The fact is, our economy did not fall into decline overnight. Nor did all of our problems begin when the housing market collapsed or the stock market sank. We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before. [8].

Tags: Arab control, Arab league, Arab lobby, Arab oil, Arab states, Arabism, Arabs, Bahrain, Chavistas, crisis, dictator Chavez, Donald Trump, Dubai, economy, gulf states, Hugo Chavez, Iran, Iraq, Islamic Lobby, Islamic oil, Islamism, Kuwait, Libya, Muslim control, Muslim lobby, Muslims, oil producing countries, OPEC, Palestine, Palestinians, Saudi Arabia, Saudis, stimuluos plan, Trump, uae, Venezuela, US,US economy,wall street

The Arab Islamic fascist flavor in Dictator Hugo Chavez's bitter regime

Hugo and the Jackal... When he visited him in Baghdad, Chávez described his new friend Saddam Hussein as “a well-informed man who understands everything to do with OPEC. ...
http://www.gnn.tv/threads/7623/Hugo_and_the_Jackal

The Chavez Regime: Fostering Anti-Semitism and Supporting Radical Islam  Chavez's Allies
Posted: November 6, 2006
Over the years, Venezuelan President Hugo Chavez has befriended a number of questionable figures in South America and also in the Middle East where he has formed bonds through both OPEC and ideological channels. As Chavez's hatred of the United States and Israel has grown, he has become close allies with a number of the West's most dangerous adversaries. These relationships grew only stronger during the Israel-Hezbollah war, when Chavez was outspoken in his criticism of Israel and the United States and in his support for Hezbollah.
http://www.adl.org/main_International_Affairs/venezuela_anti_semitism_report.htm?Multi_page_sections=sHeading_8

Venezuela Arrests Synagogue (Arab?) Attackers
World | Mon, Feb 9, 2009 at 1:58:01 pm PST

After the shocking attacks on a synagogue in Venezuela last month, thug-in-chief Hugo Chavez suggested that the attackers might have been Jews themselves. So you have to wonder what kind of pressure was brought to bear on Chavez to get him to take action: Venezuela detains 11 suspects in synagogue attacks.

CARACAS, Venezuela – Authorities arrested 11 people, including seven police officers, suspected of carrying out an attack on a Caracas synagogue that raised concerns of rising of anti-Semitism in Venezuela, officials said Sunday.

The Attorney General’s Office said an agent of the federally controlled investigative police force and one of the synagogue’s security guards were among the 11 suspects arrested during raids over the weekend. The suspects are scheduled to be arraigned Monday.
http://littlegreenfootballs.com/article/32716_Venezuela_Arrests_Synagogue_Attackers#rss

Venezuela Synagogues Sprayed "Death to Jews"... In case you are wondering if this has anything to do with Islam - Venezuella is a close ally of Iran and a supporter of Hamas and Hezbollah. They have recently cut off ties with Israel. They have a growing Lebanese Shiite community in the country encouraged by the deranged communist in charge. Sean Penn still not found for response on his "Chavez is a great man" http://www.weaselzippers.net/blog/2009/01/venezuela-synagogues-sprayed-death-to-jews.html

Atlas Shrugs: PLICE BEHIND SYNAGOGUE ATTACKS IN VENEZUELA by Pamela Geller 
Chávez and the Islamic Arab countries are advising and financing the electoral campaigns in Latin America.Venezuela holds police, guard in synagogue attack
http://atlasshrugs2000.typepad.com/atlas_shrugs/2009/02/plice-behind-synagogue-attacks-in-venezuela.html

The result of Chavez involvement with the Arabs and Iran’s thug in chief, Ahmad-in-jihad. A Caracas synagogue was vandalized on Friday night
http://sheikyermami.com/2009/02/01/venezuela-caracas-synagogue-attacked-vandalized/

Chávez and the Islamic Arab countries are advising and financing the electoral campaigns in Latin America
http://www.israelforum.com/blog_article.php?aid=1960448

Venezuela: Latin America’s Iran
Brandeis Hoot, MA - Jan 23, 2009
President Chavez has been able to finance his nonsense revolution thanks to the record oil prices of the past ten years. These petro-dollars have allowed his regime to portray the image of a healthy and triumphant revolution. However, money cannot buy good management, and when problems arise, Chavez tends to blame the problems on –you guessed it- the United States of America, the biggest customer of Venezuela. What an irony, what hypocrisy.
The best word to define this so-called revolution is, “deception.”
There is no revolution in Venezuela ladies and gentleman, wake up. In fact, as thousands of local industries have gone bankrupt with the government’s economic policies, Venezuela has become more dependent on imports in the years of Chavez. At the same time, while the country sinks in crime and corruption, the “revolutionaries” (who believe that being rich is bad) are in the prime of their lives, building new mansions and buying luxury cars and yachts. What an irony, what hypocrisy.
A famous phrase goes “The enemy of my enemy is my friend” and that has created the alliance between Venezuela and Iran. The commercial relations have increased in the last years between the two countries, and there is even a direct flight between Caracas and Tehran. A couple weeks ago, a shipment was being held in Turkey because it contained lab equipment capable of producing explosives. What a wonderful trade is developing between the two countries (Venezuela supports the FARC and Iran supports Hezbollah and Hamas). ...Chavez has become a hero in Gaza and in Lebanon, and a Kuwaiti MP even called for the Arab League to be moved to Venezuela because he proved to be more Arab than some Arabs.
http://thehoot.net/articles/4711

Worldwide Condemnation Pours Down On Venezuela After Synagogue ... Latin American Herald Tribune
http://www.laht.com/article.asp?ArticleId=326963&CategoryId=10717

Tags: Arab control, Arab league, Arab lobby, Arab oil, Arab states, Arabism, Arabs, Bahrain, Chavistas, crisis, dictator Chavez, Donald Trump, Dubai, economy, gulf states, Hugo Chavez, Iran, Iraq, Islamic Lobby, Islamic oil, Islamism, Kuwait, Libya, Muslim control, Muslim lobby, Muslims, oil producing countries, OPEC, Palestine, Palestinians, Saudi Arabia, Saudis, stimuluos plan, Trump, uae, Venezuela, wall street

America's Arab Enemies Feel Betrayed By Hillary Pick for Sec. State
The Patriot Room ^ | November 23, 2008 | Bill Dupray

Another good sign. When the people who want to kill you think that the chief American diplomat will be too tough on them, you know you are doing something right.

(Excerpt) Read more at http://patriotroom.com/americas-arab-enemies-feel-betrayed-by-hillary-pick-for-sec-state/

Tags: Arab lobby, Arab oil, Arabs, Control, economy, energy, foreign policy, Muslims, Oil, OPEC, Power, radical Islam, Iran, Saudi Arabia

OPEC's policies spurring price hike Dailyrecord.com, NJ - Jul 5, 2008

While it is true that the United States gets most of its oil from non-Arab countries, it is in fact the Arab oil-producing nations that are driving up the price.

He states that the "price of oil is dictated to a large extent by U.S. oil companies." That is not the case.

OPEC, the Organization of Petroleum Exporting Countries, is a cartel of 12 member nations, with all but one, Venezuela, a Middle Eastern country. A cartel is, according to the American Heritage Dictionary, a combination of independent business organizations formed to regulate production, pricing and marketing of goods by the members. OPEC has for the first time since its creation in 1960 been acting like a real cartel. Formerly, cartel members would ignore regulated production goals established and pump more oil. More oil meant more supply.

The larger supply would keep the price down worldwide. Now we are seeing member nations holding firm to established production goals. In other words, while everyone, including President Bush, is asking them to produce more, they are not. The cartel is working.

The concepts of supply and demand are not sexy, but they certainly apply to the price of gasoline.....