There is no way BP would not know they were misleading everyone,” Matt Simmons had said. “They would have to be deaf, dumb, and blind and they’re not. These are smart guys.”
by Micheal Kollmann
Has the BP-Macondo Blowout-Mega Oil Spill in 2010 anything to do with the Global Oil Bubble Crash Of 2008?
According to insiders’ information, the BP-Macondo Blowout-oil spill was supposed to be the fourth PMD (planned mega disaster) to blow in November 2009, in a series of 5 rig blowouts-oil spills in 5 seas starting in mid 2008. The culprits were the leading captains of the oil industry operating from first world countries with some of the most stringent offshore regulations in the world, US, UK, EU, Australia, BP, Shell, ENI, Halliburton, Transocean and Fugro.
Before the why, let’s look at the historical background.
Looking at the correlation between key events and crude oil prices (COP) trend, it is obvious that the era of cheap oil from shallow onshore reservoirs ended in 1973. For the next 3 decades, the average price hovered around $17 except for the 7 years following the overthrow of the Shah of Iran and the Soviet invasion of Afghanistan in 1979. In that period, COP stayed above $30. Adjusted for inflation, COP jumped from $15 to $38 in 2 years or $50 (J2) adjusted for inflation.
After the $30 (inflation adjusted) 1986 Oil Crash till 2000, the COP was range bound between $12 to $28. It was during the doldrums of the nineties that the idea of deep water exploration was first hatched. When the first oil crisis hit in 1973, there was widespread panic that world oil production would peak within the next 30 years. US oil production peaked in 1970.
By the mid nineties, the writing was on the wall. The end of the oil era was near. But the military might and wealth of the United States (the most powerful nation on earth) was built on oil power and deception. With the world’s cheapest resources in the hands of third world (Muslim dominated) countries, it would only be a matter of time before the US-controlled oil power slipped off her hands and with it, her world domination. America had at the most 10 to 15 years, at the turn of the millennium to change this geopolitical certainty. The giant oil corporations capitalized on this fact to save their skin.
The US had abundant deep water (defined as >500 m water depth) resources. But deep water exploration and production costs were at least 10 times more expensive than the depleting shallow water reservoirs. By some estimates, oil prices needed to stay above $80 for the more economical deep water reservoirs to be profitable.
Naturally higher COP meant shorter investment period and less investment risks. But high COP also depressed world economy. There was always the danger of replacement by renewal energy sources if COP stayed too high for too long. It was a difficult balancing act when billions of investment dollars spanning over several decades were involved. There was also no real geopolitical advantage. Saudi’s onshore production costs were generally lower than $5/bbl. North Sea depleting shallow water reservoirs could no longer produce at less than $20/bbl. At $100/bbl, the net profit ratio was $95:$20 or almost 5:1. With that kind of ratio, the US and western economies would progressively weaken if oil power continued to be the base of the industrialized world .
The western political powers were at a cross-road. Should they invest more heavily (like 10 to 100 times more) into a sunset industry, lose in the long run or develop renewable energy resources. Although the US was far ahead with technological advantages, there was no way to control and manipulate these plentiful natural resources. After the first 3 years, the industrious Asian nations would have produced cheaper and better renewable energy sources. Billions of investment dollars, refineries, petroleum-based plants and infrastructures built over the last 3 decades would be laid to waste almost overnight. There was no escape from such a nightmarish scenario while new investment dollars were still being sought for market expansion. A difficult decision indeed. Damned if you did and damned if you didn’t. Most petrochemical projects have projected lifespans of 20 to 30 years.
The oil exploration giants would be hit the worst. Once news of renewable energy sources leaked out, their huge deep water reserves would be virtually useless. With no likely prospect of COP rising above their economic recovery level, their oil would remain underground for the next few thousand years. Reserves are only as valuable as the promise or ability to pay. With billions already dumped in exploration costs, these oil giants like BP, Shell and Exxon would have to go the way of the dinosaurs.
Thus while the oil corporations could still influence the government, they had to move fast or let their oil grip slipped away. Their only strategic chess move was the deep water resource card. The only way to play the last trump card was to drive up the oil prices from doldrums by a variety economic and fiscal measures. Then on the final lap, ram up the COP to $200/bbl with a sequence of rig blowouts and oil spills. Besides the insurance compensation for their aging rigs, mega windfalls can be made during the COP hike and crash with the orchestrated sequence of PMDs. The grand finale would be a 2004-tsunami style devastation with added nuclear and toxic crude poisoning that would linger for a few years to complete the depopulation process. The elites with their private armies would only come out of their bunkers once the coast was clear to start on a clean slate. A grand plan indeed that had been played out many times in movies to weed out the flaws.
That was what Alan Greenspan essentially did since the turn of the millennium.
Pump-primped the world’s largest economy to increase COP trend from stagnancy to an increasing rate of $8/bbl/yr. Allowed the Banksters to finance global market manipulation with highly leveraged borrowings by relaxing regulations (fractional banking, securitized derivatives, fake bonds as collateral etc). Created bigger bubbles to cover the previous ones. The parents of all bubbles would be the fiat currency (US dollar) and global Oil bubbles. Since all bubbles would eventually burst, Greenspan & Bernanke would be left holding the stick unless they had an escape plan. Indeed they had. It was the grand finale of rig blowouts, oil spills, quakes, tsunami, flooding and nuclear disasters while they sailed into the sunset laughing all the way to the bank.
According to details of the scheme, the world’s population would be reduced by half to two thirds. The remaining survivors would then submit meekly to a new world order. After the carnage from a series of devastating quakes and tsunami, mega oil spills, flooding, droughts, fires, bombings, terrorists’ attacks culminating into an Armageddon, slavery would be as good as it gets. Yes, in the new world order, you, me and all of your children will all be slaves to a few elite masters. There will be no more need for mass deception since freedom will be just another forgotten word. Serfdom as in the dark edges will be in fashion. What you say will not matter anymore.
Like the Sun Bears kept in captivity for their bile, some of our children will be test-tube bred for vital organs replacement. To keep the aging elite masters alive until more advanced technology comes available for cultured organs. These are some of the glimpses of the planned New World Order envisaged by President Bush Senior in the early nineties.
To prepare the public mindset, Hollywood produced series after series of mega disasters movies such as Armageddon, 2012, Doomsday, Impact, just to name a few. To add credence and gain acceptance from the more religious minded, NWO-funded historians suddenly found clues to deciphering the ancient scriptures written on rocks. Did they not know that before?
How did these NWO-funded scientists suddenly become Indiana Jones? Suddenly all the multitude of prophecies in different cultures clicked together to form the magical end of world on December 21, 2012 as predicted in the Mayan and Hindu calender or foretold in other cultural histories. Could a resilient world which had withstood the test of times disappear under the onslaught of a few PMDs? Collapsing civilization back to the Stone Age was definitely not in the interest of the proponents of the NWO. NO.
They just wanted to borrow the fear of a doomsday scenario not the physical realities. Ancient predictions on the planetary movements more than 20 thousand years ago were capitalized and twisted to fit into their sinister New World Order agenda. Like harnessing the forces of nature, natural or man-made disasters can be triggered to occur at the most convenient time. Ancient armies had triggered landslides or flooding, to block advancing forces. Arson had been used to bail out failed companies. Why would triggering a disaster in modern times for unscrupulous profit motives be so absurd? Too big to fool or too hard to swallow?