Filed under: Economic Collapse, economic depression, Economy, energy, gas prices, global economy, Great Depression, Greenback, Inflation, Iraq, Kurdish, nymex, Oil, Petrol, PKK Terrorists, Stock Market, Turkey, US Economy
Oil Could Go To $100 A Barrel This Week
Wall Street Journal
November 5, 2007
After the price of oil edged further into record territory, the $100-a-barrel bears and bulls are poised for a showdown.
If the uptrend continues, market watchers say this could be the week that oil manages to punch through the symbolic level and eclipse the inflation-adjusted record of $101.70 reached in April 1980.
But some observers are dubious as to how long crude prices might stay there.
Benchmark crude futures have jumped 27% in the past three months on concerns of global-supply shortfalls, strong demand and a flood of investment from financial firms and speculative investors. The front-month December crude contract on the New York Mercantile Exchange settled at $95.93 a barrel Friday, an all-time nominal high.
![[Crude]](https://i0.wp.com/online.wsj.com/public/resources/images/MI-AN745_COMMOD_20071104174442.gif)
“The market doesn’t seem to have done anything on the downside to threaten the uptrend,” said Tom Bentz, senior analyst at brokerage firm BNP Paribas Commodity Futures in New York. “As long it continues to hang in there like this, traders will continue to target higher levels.”
But the steep rise by crude-oil futures could be a setup for an equally dramatic fall, some market watchers say. “The bottom line is people are keying on this geopolitical tension and speculators are running the market higher,” said Mark Waggoner, president of Excel Futures, a commodities broker in Huntington Beach, Calif. “We probably are headed to a hundred bucks, but I would expect a violent correction very soon.”
Potentially chilling the rally are investors with long positions — essentially bets that oil prices will move higher — who see $100 as a finish line and not a new floor.
Peter Beutel, president of New Canaan, Conn., energy-risk advisory firm Cameron Hanover, expects oil prices to at least clear $98.50 and may reach $100. But that may form more of a peak than a plateau as traders ditch their long positions.
“I’m not as worried about new selling coming in and ending the bull market,” he said. “I’m more worried about all the longs deciding at once that the market has gone as far as it can.”
A large cluster of options held to buy crude at $100 a barrel could continue to act as a pull on prices toward that level, as big traders seek to push futures prices to the point where their options become profitable.
Last week’s rally took flight Wednesday after the U.S. Energy Information Administration reported big drops in crude inventories nationally and at Cushing, Okla., the delivery point for Nymex oil contracts. This week analysts say they will be watching inventories closely.
A decline in stocks at Cushing or nationally, “regardless of the magnitude, will be enough to keep this bull alive,” said Jim Ritterbusch, president of oil advisory firm Ritterbusch & Associates in Galena, Ill.
The prospect of a Turkish incursion into Iraq to attack members of the Kurdistan Workers’ Party, or PKK, has also weighed on crude prices in recent weeks.
Filed under: european union, False Flag, Israel, Kurdish, Pentagon, PKK Terrorists, Seymour Hersh, State Sponsored Terrorism, Turkey, White House, Zionism
Hersh: US, Israel support PKK
Press TV
October 29, 2007
PKK Kurdish rebel group and its sister organization, PEJAK, have been receiving support from the US and Israel, an American journalist claims.
“In the past months, Israel and the United States have been working together in support of PKK and its Iranian offshoot PEJAK, I was told by a government consultant with close ties to the Pentagon,” said Pulitzer Prize-winning, Seymour Hersh.
In an interview with Turkish gazette, Zaman, the leading American investigative journalist also revealed that the White House has lost control over PKK which has gone rogue.
Earlier, the renowned American journalist accused Washington and the Zionist regime of providing PKK and PEJAK with ‘training and equipment’ in a secret ploy to destabilize the region.
Commenting on PEJAK, Hersh asserted that Washington considers it as “part of an effort to explore alternative means of applying pressure on Iran.”
The Party for Free Life in Kurdistan (PEJAK) has been behind a string of deadly attacks on security forces in northwestern Iran. PEJAK is considered a terrorist group by Turkey, the United States, and the European Union.
Filed under: Ahmadinejad, Coup, False Flag, Iran, Iraq, Kurdish, Mottaki, Nuke, PKK Terrorists, Propaganda, Psyops, Revolutionary Guards, Saber Rattling, Saeed Jalili, State Sponsored Terrorism, Tehran, Troops, Turkey, WMD, ww4
Iran says documents show U.S. backing “terrorists”
Reuters
October 28, 2007
Iran has access to evidence of U.S. support for terrorist groups in the Middle East, a senior Iranian official was quoted as saying on Sunday.
Iran’s new chief nuclear negotiator, Saeed Jalili, made the allegation in comments to visiting Turkish Foreign Minister Ali Babacan, whose country may soon send troops to hunt down Kurdish guerrillas in northern Iraq.
Tehran says the rebels are operating in Iraq with U.S. forces present in the country and this shows Washington is refraining from tackling them.
Like Turkey, Iran also has faced cross-border attacks by Kurdish rebels and has shelled targets inside Iraq in response.
“Escalation of terrorism in the region is one of the direct results of the presence of occupiers in Iraq, particularly America,” Jalili, an ally of Iranian President Mahmoud Ahmadinejad, said according to the country’s state broadcaster.
“And there are documents and information available proving America’s support for terrorist groups in the region,” he said, without giving details. Jalili is also the new secretary of Iran’s Supreme National Security Council.
The United States often accuses Iran of backing and training militias responsible for some of the bloodshed threatening to tear Iraq apart. Tehran denies the charge and blames the violence in Iraq on the presence of U.S. forces.
The two countries are also locked in a stand-off over Tehran’s nuclear program, which Western powers suspect is aimed at developing bombs. Iran says it only wants to generate electricity.
Washington last week dubbed Iran’s Revolutionary Guard Corps a proliferator of weapons of mass destruction and accused its Qods force of backing terrorists. It also imposed sanctions on more than 20 Iranian companies, major banks and individuals.
At a joint news conference with Babacan, Iranian Foreign Minister Manouchehr Mottaki on Sunday also accused the United States and Israel of involvement in terrorism in the region.
“We see … their hand behind some of the regional terrorist activities,” Mottaki said.
Babacan, whose country’s ties with the United States have deteriorated sharply in recent weeks, thanked Iran for helping Turkey fight the PKK guerrillas and said the two sides had talked about continuing their cooperation.
The Kurdistan Workers Party (PKK) launched its campaign for a Kurdish homeland in southeastern Turkey in 1984. More than 30,000 people have been killed in the conflict since then.
Jalili on October 20 replaced Ali Larijani as Iran’s chief nuclear negotiator, a move analysts saw as signaling a toughening of Tehran’s position in the atom row.
Filed under: al-qaeda, Al-Qaeda Tapes, Bin Laden Tapes, CIA, Cold War, Coup, european union, False Flag, George Bush, Hillary Clinton, Iran, Iraq, Kurdish, marxism, NATO, Nuke, PKK Terrorists, State Sponsored Terrorism, Syria, Turkey, White House, ww4
NATO, U.S. Aiding PKK Terrorists In Turkey
Attempt to crush democratic process, say newspapers
Paul Joseph Watson
Prison Planet
October 10, 2007
Turkish newspapers have slammed NATO for its support of the PKK terrorist organization, while also alleging that U.S. forces are arming the militant group in Iraq, as part of an agenda to crush the democratic process and prevent the election of a populist government in Turkey.
The PKK is listed as a terrorist organization by the U.S., the EU and NATO itself. The group espouses Marxist leanings and its goal is to create a socialist Kurdish state encompassing south-eastern Turkey, north-eastern Iraq, north-eastern Syria and north-western Iran. The group has been fingered as the culprit of thousands of bombings, assassinations, kidnappings and acts of sabotage over the past 20 years.
Allegations of international support to the PKK are long-standing. According to a report in the London Telegraph, Kurdish guerrillas are being funded by the U.S. to wage a clandestine war in north-western Iran.
The Turkish daily Zaman has accused NATO of supporting the PKK as part of a plan to destabilize Turkish elections and prevent a new Turkish constitution from being drawn up.
“Forces linked to NATO are trying to crush the democratic process of the Turkish presidential election by pushing the PKK (Kurdish Workers Party) to increase its attacks,” reports Press TV.
“During the two months leading to the presidential election, around 100 Turkish soldiers or security personnel have been killed in clashes with the PKK. PKK’s most recent attacks have left 26 people dead, 12 of them civilians.”
Turkish Prime Minister Recep Tayyip Erdogan’s demand that NATO target the PKK has consistently fallen on deaf ears, leading Turkey to threaten an invasion of northern Iraq to quell the crisis.
NATO has a long and bloody history of fostering terrorism in order to safeguard its geopolitical agenda.
Parliamentary investigations in Italy confirmed that NATO had created “stay-behind armies” during and after the Cold War, ostensibly to repel a Soviet invasion of the west, but that this was merely a smokescreen for perpetrating violent acts of terrorism in order to install right-wing governments around Europe, in accordance with a CIA directive to launch a “strategy of tension.”
‘You had to attack civilians, the people, women, children, innocent people, unknown people far removed from any political game. The reason was quite simple: to force … the public to turn to the state to ask for greater security,” testified former Gladio agent Vincenzo Vinciguerra.
White House denies leaking al-Qaeda info
http://www.news.com.au/story/0,23599,22561394-23109,00.html
War clouds loom ever more menacingly over Iran
http://thestar.com.my/columnists/story.asp?fil….3&sec=Midweek
No evidence of Iranian nuclear bomb plan: Putin
http://abc.net.au/news/stories/2007/10/10/2056296.htm
Hillary prods Bush to go after Iran
http://www.aljazeera.com/news/newsfull.php?newid=41546
Al-CIAda Video Released Prematurely
http://www.washingtonpost.com/wp-dyn/c….801817_pf.html
Probe Into Leaked AlCIAda Video
http://www.washingtonpost.co…00902055_pf.html
Qaeda Goes Dark After a U.S. Slip
http://www.nysun.com/article/64163
More Signs The Bush People Are Preparing For President Hillary Clinton
http://novemberblog.blogspot.com/200….ople-are-preparing.html
Hillary’s Testy Iran Kyl-Lieberman Exchange In Iowa
http://blog.washingtonpost.com/the-t….prompts_a_h.html
The US meddles aggressively in Iran
http://mparent7777-2.blogspot.com/2007/10/us-meddles-aggressively-in-iran.html
Report: Cheney ordered nuking Iran
http://www.presstv.ir/detail.aspx?id=26076§i..3510203
Report Says War on Terror is Fueling Al-Qaeda
http://blog.myspace.com/LONDON%20%28R….%20the%20
UK On Board For U.S. Iran Strike
http://www.telegraph.co.uk/news/mai…007/10/07/wiran207.xml
Fineman: Intel Community To Release ‘Three Iran Reports’ To ‘Slow Down’ Bush’s Warmongering
Gordon Brown ‘will back air strikes on Iran’
Bush says possible US Iran attack ’empty propaganda’
Iran says oilfields ‘too attractive’ for France to quit
Petraeus steps up accusations against Iran
Iran warns France over nuclear stance
Who Wants to Bomb Iran? Democrats, Not Republicans, Says Seymour Hersh
FBI offered me $4m: Lockerbie bomb witness
Bush determined to confront Iran’s nuclear ambitions
Israeli raid caused electronic disruption over wide areas of Syria
We have no plans to attack Iran: Bush
Brown accused of backing U.S. plans for bombing raids on Iran
The fallout from an attack on Iran would be devastating
Iraq Redux: Bush Thinks God is Telling Him to Invade Iran
Prominent Americans Ask Military To Refuse To Attack Iran
US ‘must break Iran and Syria regimes’
Byrd: Senate’s ‘Saber-Rattling’ Is ‘Sleep-Walking’ America To War With Iran
War With Iran? Who Decides?
Bush’s Agenda in Iran
Fake Al-Qaeda Tape Says Bin Laden Alive
Australia: We Won’t Follow US Into Iran
Mike Gravel Says AIPAC Is Pushing Confrontation With Iran
Mottaki says U.S. can’t start war against Iran
US gearing up for war with Iran, despite denials
More Disasterous Iran Legislation On Its Way
Israel admits air strike on Syria
Neocons Told to Look for Reasons to Attack Iran
U.S. Trains Gulf Air Force For War With Iran
Bolton: Attack Iran, ‘remove’ its leader
Hersh: Bush, Cheney ‘really want’ Iran war
Israel Foreign Min Calls For Urgent UN Action Against Iran
Bolton: We Should Carry Out Regime Change In Iran Because ‘It Did Work In Iraq’
Bolton calls for bombing of Iran
I hate all Iranians, Bush aide tells MPs
Israeli airstrike hit military site, Syria confirms
Neocon “Freedom’s Watch” Spends Big Bucks to Push Attack Iran Agenda
Hersh: ‘War with Iran will be about protecting the troops in Iraq’
Syrian ‘research station’ says shocked to hear of attack on its facility
Mike Gravel Grills Hillary for Supporting Iran War Amendment
Hillary Prods Bush to Go After Iran
Right-Wing New York Sun Declares: ‘Attack On Iran Said To Be Imminent’
‘Combat Outpost Shocker:’ The base that could spark Iran conflict
Debunking the Neocons’ Iran War Measure
Fox Pushes Attacking Iran While its “Business News” Anchor Lies About a Surge in Oil Prices Due to That Very Fear
BREAKING: Lieberman-Kyl’s Iran amendment passes
Durbin: Lieberman-Kyl Amendment Is ‘Dangerous,’ ‘Puts Us On Record’ In Support Of Iran War
CFR’s Hart Suggests False Flag Event For Iran War
Clinton supports Israeli ‘strike’ on Syria
Military Opens Camp on Iranian Border
Newt Gingrich: Bush Should Blow Up Iran’s Natural Gas Insfrastructure
Ex-Cheney Adviser Denies Trying To Stir War With Iran
Filed under: european union, False Flag, Iraq, Kurdish, PKK Terrorists, State Sponsored Terrorism, Turkey, War On Terror
U.S. Has Meetings With PKK Terrorists
Turkish Weekly
September 11, 2007
British Daily Telegraph claimed that the US officers have regular meetings with the PKK terrorists in Northern Iraq. Damien McElroy in his report mentioned “US army helicopters are reportedly used to shuttle officers to regular meetings with Kurdish fighters”. Mr. McElroy interview with the head of the PKK terrorists, Murat Karayilan (means ‘Black Snake’ in Turkish language). Mr. Karayilan accepted the US assistance to the PKK yet argued that the US did very little for the Kurds and can do more.
Iran accused the US last week of supporting the terrorists against Tehran. Similarly the Turkish media blamed the Americans of being supporter of the PKK terrorism although the PKK is a terrorist organization according to the US laws.
Assoc. Prof. Dr. Ihsan Bal from Ankara-based USAK, one of the leading Turkish think tanks, told the JTW that the US should do something immediately against the PKK terrorists, otherwise Turkish-American relations will be damaged. Similarly Dr. Sedat Laciner said “All signs clearly show that the US ignores the PKK terrorists in Northern Iraq”. “The PKK is a terrorist organization. Americans and the EU say so. If US ignores or supports the PKK in the region, the US’ fight against global terrorism will lose its base. Turkey’s support, as moderate Muslim country, in fighting terrorism is crucial. However if you support my terrorists, I can not help you in fighting against your terrorists. The US’ strange policies regarding the PKK terrorism nourishes anti-Americanism in Turkey. The US lost at least 30 years in Turkey. If Washington thinks the Turkish people or politicians forget all these, they are wrong. Nobody in Ankara has forgotten the Johnson Letter for instance, and they will remember how the US is not co-operative against the PKK terrorism” Dr. Laciner added.
The PKK has armed terror bases in Northern Iraq. The number of bases is about 20. The number of the PKK terrorists is about 5.000 in Northern Iraq. The US promised to remove all of the PKK bases yet no concrete step has been taken.
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