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Sudden And Dramatic Decline In Oil Prices Spells Disaster For OPEC

This new energy paradigm may result in oil trading at much lower levels than the $100 (£64) per barrel that consumers have grown used to paying over the last decade and reshape the entire global economy.

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Sun sets on OPEC dominance in new era of lower oil prices

On our way home from church tonight, we stopped at the local gas station to fill up. Pleasant surprise greeted me as I saw again that the price per gallon had dropped several cents since the last time I filled up. Here is Florida, gas is around $2.71, and dropping steadily. Thats a drop of over .50 per gallon in just the last month. The reason for this is because other countries, like the United States, Russia and Israel, have recently begun to harvest massive amounts of oil and natural gas thus breaking the monopoly held by the Arab nations for so long. Don’t expect the Arabs to sit idly by and watch their fortunes vanish, however. Money and greed brings out the worst in people and in countries, and that can only mean one thing. Another war.

From Telegraph UK: It wouldn’t be the first time that a meeting of the Organisation of Petroleum Exporting Countries (OPEC) has taken place in an atmosphere of deep division, bordering on outright hatred. In 1976, Saudi Arabia’s former oil minister Ahmed Zaki Yamani stormed out of the OPEC gathering early when other members of the cartel wouldn’t agree to the wishes of his new master, King Khaled.

The 166th meeting of the group in Vienna next week is looking like it could end in a similarly acrimonious fashion with Saudi Arabia and several other members at loggerheads over what to do about falling oil prices.

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Whatever action OPEC agrees to take next week to halt the sharp decline in the value of crude, experts agree that one thing is clear: the world is entering into an era of lower oil prices that the group is almost powerless to change.

This new energy paradigm may result in oil trading at much lower levels than the $100 (£64) per barrel that consumers have grown used to paying over the last decade and reshape the entire global economy.

It could also trigger the eventual break-up of OPEC, the group of mainly Middle East producers, which due to its control of 60pc of the world’s petroleum reserves has often been accused of acting like a cartel.

Read the rest of the story on Telegraph UK…

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End Times

US Power Grid Is Starting To Fail As The Relentless Energy Demands Of Clean Technology, Data Centers, EVs And Crypto Mining Are Pushing It To Blackout

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Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid.

Do you ever wonder if our leaders here in America are really as stupid as they appear to be, making decisions that are absolutely asinine in their totality? Or, is all this a calculated and carefully crafter agenda to bring down our nation in a ruinous heap? Today we ponder our insane rush to clean technology and electric everything while at the same time possessing a power grid that is unable to comply with the demands made on it.

There is a conspiracy of her prophets in the midst thereof, like a roaring lion ravening the prey; they have devoured souls; they have taken the treasure and precious things; they have made her many widows in the midst thereof.” Ezekiel 22:25 (KJB)

Back in November of 2023, Barack Obama released the dystopian end times movie ‘Leave The World Behind’ which shows you how a nation obsessed with electric vehicles and technology winds up. I might add also that we wind up there because our rogue government has intentionally pushed us to the conclusion, as shown in Obama’s movie. You can’t believe the vast majority of stuff that Obama says, but you can believe him when he shows us America’s future in ‘Leave The World Behind’. Whatever you do, don’t buy into the EV hype, don’t give up your gas stove, and do everything you can to reduce your dependence on electricity as much as possible. The United States power grid is going to fail, only a matter of time.

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Amid explosive demand, America is running out of power

FROM MICROSOFT START: In Georgia, demand for industrial power is surging to record highs, with the projection of electricity use for the next decade now 17 times what it was only recently. Arizona Public Service, the largest utility in that state, is also struggling to keep up, projecting it will be out of transmission capacity before the end of the decade absent major upgrades.

Northern Virginia needs the equivalent of several large nuclear power plants to serve all the new data centers planned and under construction. Texas, where electricity shortages are already routine on hot summer days, faces the same dilemma.

The soaring demand is touching off a scramble to try to squeeze more juice out of an aging power grid while pushing commercial customers to go to extraordinary lengths to lock down energy sources, such as building their own power plants.

“When you look at the numbers, it is staggering,” said Jason Shaw, chairman of the Georgia Public Service Commission, which regulates electricity. “It makes you scratch your head and wonder how we ended up in this situation. How were the projections that far off? This has created a challenge like we have never seen before.”

A major factor behind the skyrocketing demand is the rapid innovation in artificial intelligence, which is driving the construction of large warehouses of computing infrastructure that require exponentially more power than traditional data centers. AI is also part of a huge scale-up of cloud computing. Tech firms like Amazon, Apple, Google, Meta and Microsoft are scouring the nation for sites for new data centers, and many lesser-known firms are also on the hunt.

The proliferation of crypto-mining, in which currencies like bitcoin are transacted and minted, is also driving data center growth. It is all putting new pressures on an overtaxed grid — the network of transmission lines and power stations that move electricity around the country. Bottlenecks are mounting, leaving both new generators of energy, particularly clean energy, and large consumers facing growing wait times for hookups. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Energy

Biden Administration Will Release Another 15 Million Barrels Of Oil From Strategic Petroleum Reserve As His Plan To Destroy The Gas Companies Rolls On

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The Biden administration will release 15 million barrels of oil from the Strategic Petroleum Reserve in December in a bid to drive fuel prices down, senior Biden administration officials said Tuesday.

One of the main reasons why pretend president Joe Biden was installed in the White House was to enable the New World Order to tear down the United States from the inside out. Indeed, the first two items on Biden’s ‘Day One’ executive order signing spree was to 1). promote transgenderism, and 2). destroy America’s nascent energy independence by shutting down our oil and natural gas pipelines. Gas prices are high and remain high as of this writing, but they are not high because of Putin. They are high because of Biden.

“And of Asher he said, Let Asher be blessed with children; let him be acceptable to his brethren, and let him dip his foot in oil.” Deuteronomy 33:24 (KJB)

After turning off our pipelines, the Biden administration authorized the largest release from the Strategic Petroleum Reserves in America history. Why? To artificially lower the high cost of gas at the pumps for the Midterm Elections. But guess what? Prices are still well more than a dollar-per-gallon higher now than they were in January 2021, and have began rising back up towards $4-per-gallon. But it is likely that Joe Biden is blissfully unaware that any of these things are taking place due to his advanced mental decognition. All he has to do is read the teleprompter when he is able to pull that off, and keep an eye out for his next ice cream cone. Did you ever think that this is what it would look like when America died?

Biden administration to tap oil reserve again ahead of midterms

FROM POLITICO: The release will account for the last of the 180 million barrels President Joe Biden authorized the Energy Depart to disburse in March, leaving another 400 million barrels in the reserve, the officials said. The administration will also look into a possible new authorization to ship more barrels after that depending on market conditions, the officials said. The government “remains very able and very vigilant,“ one of the officials said on a background call with reporters. “If we need to deal with additional challenges with supply, with affordability, we will have additional opportunity with the SPR if we need to do more sales into the future beyond“ December.

The officials pushed back on questions about whether announcing the December move was redundant with March’s approval, saying that “it was not a given“ that they would have carried it out if the oil market had stabilized. The administration will also soon set up a process to purchase oil from companies to refill the SPR at a price of $67 to $72 a barrel, the officials said. That level is more than $10 below current benchmark prices.

“In terms of protecting taxpayer funding [and] being responsible stewards of the SPR, you want to sell when the prices are high and you want to buy when they’re low,“ the official said. “And we wanted to put the marker out there at this point that we will buy when they’re low.“

President Joe Biden will speak about gas prices on Wednesday, White House chief of staff Ron Klain said in a tweet. The move comes as the administration has been meeting with oil company executives to negotiate ways to lower fuel prices ahead of the midterm elections in which inflation, partly driven by high energy prices, will be a key issue.

The administration is also considering another release that would be separate from the previously authorized one, though a decision hasn’t been made on whether to do so, the two people said. “It’s on the table, but they haven’t made a go or no-go decision,” one of the people said.

The administration also intends to announce plans to refill the reserve, two people familiar with the talks said. Details such as how much the administration would pay for the oil and when it would buy were still being worked out in one-on-one meetings with industry representatives, the people said.

Oil prices shot higher last week after the oil producing cartel OPEC and its allied countries announced they would cut their collective production by 2 million barrels a day. Biden had promised a response to OPEC’s decision, though the administration’s options to lower fuel prices are limited. Prices had already come down from a recent high of $5.02 a gallon this summer, but started to increase last month amid refinery outages in California and Ohio. The national average price was $3.87 a gallon as of Tuesday morning, according to AAA. READ MORE

Joe Biden As A Tool Of The New World Order

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Donald Trump

Under President Trump, America Is About To Make History By Becoming The World’s Largest Exporter Of Oil And Natural Gas Beating Saudi Arabia

Move over, Saudi Arabia. America is about to steal the kingdom’s energy exporting crown in exports of oil, natural gas liquids, petroleum products, and gasoline.

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Move over, Saudi Arabia. America under President Trump is about to steal the kingdom’s energy exporting crown.

All through his 8 year destruction of America, Barack Hussein Obama did everything he could to stop America from becoming the world’s leader in energy exports. When gas prices topped $4 per gallon in May 2011, President Barack Obama said, “We can’t just drill our way out of the problem.” An obvious lie, so why would Obama say it? Because Obama hates capitalism, and tried his best to convert America to Socialism. If Hillary would have won, the game would have been over. But God had other plans for America, like the Trump Train.

Under President Trump, who has worked tirelessly to undo the Obama-era handcuffs on the United States energy industry, America has become the world’s largest exporter of oil, natural gas and other petroleum products like the gasoline you put in your tank. And in the process have beaten the Saudis. Obama wasn’t stopping energy production to save the environment, he was stopping energy production to cripple and bankrupt America.

America is set to surpass Saudi Arabia in a ‘remarkable’ oil milestone

FROM CNN BUSINESS: The United States will surpass Saudi Arabia later this year in exports of oil, natural gas liquids and petroleum products, like gasoline, according to energy research firm Rystad Energy. That milestone, driven by the transformative shale boom, would make the United States the world’s leading exporter of oil and liquids. That has never happened since Saudi Arabia began selling oil overseas in the 1950s, Rystad said in a report Thursday.

“It’s nothing short of remarkable,” said Ryan Fitzmaurice, energy strategist at Rabobank. “Ten years ago, no one thought it could happen.”

The expected breakthrough reflects how technology has reshaped the global energy landscape. Drilling innovations have opened up huge swaths of oil and natural gas resources that had been trapped in shale oilfields in Texas, North Dakota and elsewhere.

Led by shale, US oil production has more than doubled over the past decade to all-time highs. The United States now pumps more oil than any other country, including Russia and Saudi Arabia.

“The shale boom has driven incredible increases in production,” said Fitzmaurice. “US production is off the charts.”

With ample supply at home, Congress in 2015 lifted the 40-year oil export ban. Overseas oil sales have exploded since then. And the US Gulf Coast is racing to build facilities that can handle surging foreign demand for US crude.
“Excess fossil fuels from America will find plenty of eager buyers in fast-growing Asia,” Per Magnus Nysveen, senior partner at Rystad Energy, wrote in the report.

Saudi Arabia currently exports each day about 7 million barrels of crude oil, along with 2 million barrels of natural gas liquids and petroleum products, according to Rystad. By comparison, the US exports about 3 million barrels per day of crude oil and another 5 million barrels per day of natural gas liquids and petroleum products. READ MORE

President Trump Delivers Remarks at CPAC 2019

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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