Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: low prices

Aramco’s CEO Tells Half a Truth

This article was published by The McAlvany Intelligence Advisor on Friday, October 27, 2017: 

Carbon print of Alfred Lord Tennyson, 1869, pr...

Alfred Lord Tennyson, 1869

A Yiddish proverb holds that “a half-truth is a whole lie,” while Ann Landers said that “the naked truth is always better than the best-dressed lie.” Alfred Lord Tennyson said it best: “A lie which is half a truth is ever the blackest of lies.”

Whether Aramco’s CEO intended to tell a lie or just wasn’t completely forthright remains unknown. What Armin Nasser did tell CBNC’s “Squawk Box” on Sunday certainly wasn’t the whole picture. He blew off America’s energy frackers:

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Crude Oil’s Bear Market Is Crushing OPEC

This article appeared online at TheNewAmerican.com on Monday, July 3, 2017: 

Map of the territory and area covered by prese...

Map of the territory and area covered by present-day Saudi Arabia.

The world’s price of crude oil fell farther in the first six months of 2017 than in any six-month period in the last 19 years. From its peak in January it dropped by more than 21 percent by the middle of June, qualifying it in Wall Street jargon as a “bear market.”

This isn’t part of OPEC’s plan. The once-influential cartel was sure that by taking 1.8 million barrels a day of crude oil production off the world markets, the world price of oil would shortly hit its target of $60. And it almost made it, rising to $57 a barrel before beginning its long and crushing decline.

OPEC was sabotaged not only by noncompliance among its members and production from those to which it gave a pass (Libya and Nigeria), who produced more than was expected, but also by

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OPEC Continues its Descent into History as an Unlamented Footnote

Embed from Getty Images

This article was published by The McAlvany Intelligence Advisor on Monday, July 3, 2017: 

Two weeks ago, the world price of crude oil officially entered a bear market, down more than 21 percent from its high early in the year. OPEC’s plan appeared to be on track, taking enough production off the market to drive the price to $60 a barrel. That decline has enormous implications for the cartel’s members, as nearly all of them need the revenues to keep their welfare and warfare states fully funded. The decline must be especially painful for Saudi Arabia, the leader of the pack, which announced plans last year to sell part (estimated to be between five and ten percent) of its precious Saudi Aramco oil company. The company, thanks to deliberately opaque disclosures, was estimated to be worth, depending on the price of oil, between $2 trillion and $10 trillion.

That’s the operative word: “depending.” OPEC had big plans for the funds it hoped to raise, encapsulated as its “Vision 2030.” As Mohammad bin Salman bin Abdulaziz Al-Saud, the nation’s Chairman of the Council of Economic and Development Affairs, wrote:

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Is Now the Time to Buy Walmart Stock?

This article was published by The McAlvany Intelligence Advisor on Friday, October 16, 2015:  

English: Exterior of a Wal-Mart Supercenter in...

Exterior of a Wal-Mart Supercenter in Madison Heights, Virginia.

Walmart (WMT) hit 90 in early January, and hasn’t come close since. On Tuesday this week it traded at 67, just before the company’s announcement that shook the markets. Following that announcement the stock traded at 60, down 10 percent on the day and 30 percent from January.

Pundits leaped on the news, claiming that

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Oil Price Rebound Not Likely to Last, Says the IEA

This article was published by The McAlvany Intelligence Advisor on Wednesday, October 14, 2015: 

Since early August the price of crude has jumped almost 20 percent, moving some, including those in OPEC’s cartel, to conclude that its strategy is working: Flood the market to force prices so low that marginal producers, especially in the United States, will go out of business. With the resultant decrease in supply, prices will rebound, hopefully to levels where the cartel’s countries can continue to fund their welfare/warfare states.

Said the cartel last week:

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Crude Oil Prices Resume Decline, Could Hit $20 a Barrel

This article appeared online at TheNewAmerican.com on Friday, September 11, 2015:  

Coming in just hours apart on Friday, two reports confirm that oil prices are likely to resume their decline and stay low well into 2016. In a note to its clients, Goldman Sachs said that supplies remained robust despite the decline in rig count, while demand increases failed to materialize as expected:

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Saudi Arabia Cuts Oil Prices, Could Spark Price War

This article first appeared at TheNewAmerican.com on Friday, October 3, 2014:

In a surprise move this week, Saudi Arabia cut the price of its flagship Arab light oil, which it sells mostly to its Asian customers, by one dollar a barrel. It also cut prices to its customers in the United States and Europe by $.40 a barrel. This brings Saudi Arabia’s prices below those offered by OPEC member Qatar and non-OPEC member Oman. Oil futures traders are holding their breaths, waiting for Qatar and Oman to cut their prices in response, setting off a full-scale oil price war.

The simple economics of supply and demand have already driven the price of oil down by almost 20 percent since June, and a number of traders and other observers are suggesting those prices have

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Free Market Alternatives to Obamacare Already Exist

More than a year ago, Dr. Barbara Bellar, a medical doctor with a JD degree, was running for office as an Illinois State Senator, and provided a sound byte that continues to reverberate across the internet, having been viewed as of this writing some 3,675,000 times. The clip lasts less than two minutes, including laughter and applause from her audience, to whom she said:

So let me get this straight. This is a long sentence:

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Walmart’s Two New Stores in Washington DC Embarrass a Preacher

This article first appeared at The McAlvany Intelligence Advisor on Monday, December 9th, 2013:

 

When the Rev. Graylan S. Hagler, pastor of the Plymouth Congregational United Church of Christ, saw the two new Walmart stores opening in DC this past week, he admitted that some of his people were going to shop there despite his protestations:

I know some of my congregants are going to be shopping there. I have not called for a boycott or anything like that.

But … when you make this corporation richer, it’s at the expense of making somebody [else] poorer.

Not according to the shoppers, hundreds of whom voluntarily

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Walmart opens first two stores in Washington, DC, after wage fight

When Washington, DC’s city council passed an ordinance raising the minimum wage just for Walmart’s employees, Walmart threatened to pull five stores planned for the DC area – three of which were already under construction – in response. But after Mayor Vincent Gray vetoed the measure and the council couldn’t override it, Walmart went ahead with two of them, both of which

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Wal-Mart Shrugs: Pulls Plans to Build Stores in Washington, DC

Writing in the Washington Post on Tuesday, Wal-Mart’s regional general manager Alex Barron told Washington DC’s city council that if they voted to pass the Large Retailer Accountability Act (LRAA) his company would “not pursue [building] stores at Skyland, Capitol Gateway or New York Avenue” shopping centers and they would

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A Family Doctor in Maine who accepts cash, only. Really.

I’m moving to Portland! This guy is too good to be true.  He’s decided to “opt out” of Obamacare, Medicare, Medicaid, private insurance, the whole gig. He’s going cash only. And you should see his prices!

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2018 Bob Adelmann