What they are doing is illegal , I have seen them catch this before and stop it before it gets to far. But this time its like everyone is doing it and you cant nail one MF down. For it to get this far and big this fast it took BIG money to do it.
When everyone was blaming the Saudis i knew it wasn't them ,they are not smart enough ,they are watched to close ,and they don't need the money.
The speculators were not the ones as was reported , There are not enough of them with the money to pull off a world wide deal like this. They saw it happening and jumped in to get a cut ,but that is only less than 1% the same as it has always been. Then people blamed China ,not China ,she was having fuel shortages with her own Military. Big Oil ? most of them drill ,produce ,refine ,sell at the pump ,its all in house ,the one thing they did see was this happening and took advantage of it. Thats what we see ,greed ,but not the cause.
I was talking to a Center of ours in France 3 weeks ago , i told her about the Tankers we were watching . She said she hadn't noticed any thing , two days later she calls me and says , Ah Ha , Then she said , Dont follow the money ,follow the really big Boat !!
To make it simple ,Tankers are like an Armored car ,trusted , but this isn't money being counted , this is only a certificate of bought amount left lets say Saudi Arabia .
Arabia sends this to a center like us to be logged as avalible supply ,it dosent tell who bought it or how much money it only says how many barrels and if it was allotment ,and that can be several allotments they supply ,and to who or how much is their business. But say we get a big amount reported filled.
That many barrels would have to be a Super Tanker , we get no destination on this ,only oil added to the combined market supply amount to be split off in big or little amounts. If it were your Tanker ,Saudis tell us how much left there. Tanker pulls in ,the terminal says how much it received that day .
Matching the supply and demand numbers. Then ,only the buyer ,the tanker ,and in the end who bought it from the original buyer knows all this.
We keep track of supply ,we are not the money people ,but we can see shenanigan's going on real fast.
The Super Tanker that loads in Arabia , leaves there , its load will show up soon by a reporting terminal somewhere ,as long as that Terminal plays by the rules and so does the Tanker. But it stops in some place and unloads looking official ,but isn't. then heads to another terminal to unload what is left.
So some where someone is stealing oil this way at the $52.00PB price , or even better , the UN subsidized $ 25.00BP controlled by the UN for developing Country's ,dropping it off in that little Country who never sees a Super Tanker ,But gets its oil so what ,then heads someplace and sells it at the $150.00 price. Still fooling us for awhile because the supply looks the same ,but the jumbling of the price as to where it is supposed to be isn't.
In other words the supply looks steady , but the the alloted price index is fouled up from cheap oil allotments being used up , faster than it should be and only the high Dollar stuff left.
Saudi Arabia is a free flow producer ,in other words all it has to do is open a valve and it flows. Venezuela is a producer but needs equipment to produce
it . Chavez could be in cahoots with a little UN subsidized country ,who gets it cheap . Buys its Dictator Gov. oil for some cut back ,and get it cheaper than he could produce it.
Then sell it to us at the going price.
Another scenario is , who hates the west so bad they have the Money to screw up its Economy ? by doing the same thing ,and also screwing the Saudi Royal Family and all the other traders in bed with us.
what i have described is called,Shuffling , its been tried before by idiots but they were caught.
It takes a lot of dedicated people , who will not rat it out , if you had people on the inside thats even better they, would be hiding the money.
Like i said,Very Dedicated ,like a Religon comprised of extreme radicals.
and if caught would die before talking , if they could pull it off they could watch their enemys fight umoung themselves.
