Gee, the people in a couple of oil rich nations decide to throw off their shackles, and look what happens....all hell breaks loose.
So what will happen if these insurrections and revolutions keep spreading throughout the middle-east? Some prognosticators are now worried thatSaudi Arabia Libya on a daily basis into mostly Europe .
Should oil hit $150, $200 or more per barrel, it would set off a cascading effect across the world. Food prices would become exorbitant in third world nations causing further mass demonstrations and revolutions, (see our other blog entry today about the spreading protests). There would be mass job cuts as industry down-sized due to the rising production costs. This would result in increased unemployment throughout the world, causing even more demonstrations and revolutions. It would be foolish to think that these events would not hit the shores of the Western nations as well. The West is dependent on cheap oil in order to power their economies. The events that would be sweeping across the world would happen here too. (We suggest you prepare yourself now).
The Bible is clear that a sweeping change to the world economy is coming. James chapter 5 tells us that great wealth will suddenly disappear into thin air, while Revelation chapter 6 warns that food prices will become very expensive. Doesn't it seem that what was foretold in these biblical references is indeed beginning to happen? Out of this economic chaos will arise a new global centric economic system, featuring 10 brand-new economic zones or Kingdoms, (Daniel 7), headed by a global world leader, (the Antichrist - Revelation 13).
See how fast things can turn on a dime? All because a few people in a couple of nations decided now was the time to get rid of a leader or two. Almost makes you wonder if it wasn't by design.
From the articles:
So what will happen if these insurrections and revolutions keep spreading throughout the middle-east? Some prognosticators are now worried that
Should oil hit $150, $200 or more per barrel, it would set off a cascading effect across the world. Food prices would become exorbitant in third world nations causing further mass demonstrations and revolutions, (see our other blog entry today about the spreading protests). There would be mass job cuts as industry down-sized due to the rising production costs. This would result in increased unemployment throughout the world, causing even more demonstrations and revolutions. It would be foolish to think that these events would not hit the shores of the Western nations as well. The West is dependent on cheap oil in order to power their economies. The events that would be sweeping across the world would happen here too. (We suggest you prepare yourself now).
The Bible is clear that a sweeping change to the world economy is coming. James chapter 5 tells us that great wealth will suddenly disappear into thin air, while Revelation chapter 6 warns that food prices will become very expensive. Doesn't it seem that what was foretold in these biblical references is indeed beginning to happen? Out of this economic chaos will arise a new global centric economic system, featuring 10 brand-new economic zones or Kingdoms, (Daniel 7), headed by a global world leader, (the Antichrist - Revelation 13).
See how fast things can turn on a dime? All because a few people in a couple of nations decided now was the time to get rid of a leader or two. Almost makes you wonder if it wasn't by design.
From the articles:
One of the quickest ways to bring down the U.S. Middle East right now.
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In an exclusive interview with Newsmax.TV, de Borchgrave discussed the impact that the uprisings in Libya , Iran Libya Libya pumps about 1.8 million barrels a day,” some of which is pumped out of the eastern region around Benghazi
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The events unfolding in Libya mark the first uprising in a major oil producing country this year, giving energy traders their first indication of where crude could climb if Mideast turmoil were to spread to Saudi Arabia or Iran. “Pricing in Libya supply disruptions is one thing, but what if this social unrest spreads to Saudi Arabia, which holds 20 percent of the world’s oil?” said David Rosenberg, chief economist and strategist for Gluskin Sheff. “Do the math: we’d be talking about $200 oil.”
5 Dollar Gas? Get Ready To Pay An Arm And A Leg For Gasoline
De Borchgrave: Mideast $400 Oil Imminent With Mideast Upheaval
Oil at two-year high as Libya
http://abcnews.go.com/Business/highest-gas-prices-february-1990-attributed-libya-turmoil/story?id=12973910
Oil holds gains after spike on Libya
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