Don't WAIT!

Sunday, June 5, 2016

Backdoc and KTFA Members: "OPEC is Finished!"  6-5-16

KTFA:

Thunderhawk:    Way to GO RICK !!!  OIL is going to the markets !!! (See article below)

Not surprised, but sure glad they're showing it.

This is what the TPP and what we have been studying is all about.

GOLD????? Yeah right... Oil is the new currency in the new reality !!!!!!

and the banks will control the price !!!!!

Thanks Rick - Great find ……EDGE of the seat Excitement...

Get in line at the exchange - It's gonna be good...  ThunderHawk

PappaJ:  WHERE ARE YOU BACDOC??????? I COULD MAKE LOTS OF COMMENTS ON THIS ONE BUT WILL NOT STEAL YOUR BOW----

HAWK WE NEED TO GET THE GOLDEN PIN READY!!!! MY COMMENT==== BOOOYAAAA!!!!!!!!!!!!!!!!!!!!!!!! PJ
....
RickLibby:  OPEC is 'finished' as cartel hands control of oil to markets

OPEC , which failed this week to reach an accord to stabilize oil prices, is a dysfunctional organization that has outlived its usefulness, analysts declared this week.
 
In its meeting Thursday in Vienna , the Organization of the Petroleum Exporting Countries failed to agree on a new production ceiling and therefore did not change its oil output policy. The cartel has been pumping oil at record levels despite the drop in global crude prices that began in 2014.

"OPEC is finished. OPEC is over," Oppenheimer senior energy analyst Fadel Gheit said Thursday in an interview with CNBC's " Power Lunch ."

"Shale production has completely changed the way we look at energy and it's not going to change. The fact of the matter is that OPEC and Saudi Arabia are no longer the swing producers they were only two years ago."

The OPEC meeting was the second high-profile policy failure in nearly as many months. In April, a summit in Doha between some of the largest oil producing economies also failed to reach a deal on setting output. The news reverberated through world markets, and left oil watchers looking for clarity provided by the OPEC meeting—which also ultimately disappointed.

The meeting's outcome "reinforces the fact that control of the market has been handed to the market itself," said Daniel Yergin, vice chairman of IHS and a top energy expert.
Although prices have rallied in recent months, they remain well below the $100 level crude had enjoyed before the rout.

Now, "the market will dictate where oil prices will be," said Gheit. He thinks the "new normal" for crude will be $60-$65 per barrel. He predicts that will happen in the next six to 12 months.

Those who think it will get to $80, $90 or $100 are barrel are "delusional," he added.
Gheit believes U.S. exploration and production companies will be the best-performing stocks going forward. That's because when oil prices crashed, they got creative in cutting costs and improving operating efficiency. Therefore, the break-even point for those companies has gone down.

"Higher oil prices will create [a] profitable environment at $60-$65 oil," he said. "Only two years ago, you needed $80, $85 to $90 oil."

— CNBC's Jackie O'Sullivan, Patti Domm and Reuters contributed to this report.

http://ift.tt/28cYZI3
BACKDOC:  THE VALUE CONCEPT
 
SERIOUSLY? THEY ARE GOING TO SPIN THIS WITH SHALE PRODUCTION? HEE HEE!l

MONTHS AGO I TOLD YOU THAT OZ WOULD TURN BLACK GOLD INTO THE RESERVE CURRENCY USING SDR CURRENCY FOR SETTLEMENTS. 

HOLY BLACK GOLD, BACKMAN!
 
NOW WE NEED ONE MORE EVENT TO COMPLETE AND SEAL THE DEAL NOW THAT OZ HAS GONE GLOBAL AND RESIDES IN SINGAPORE UNDER M.A.S (MONETARY AUTHORITY OF SINGAPORE)! 
 
WITH THE FED IN RECEIVERSHIP THE NEW DIGITAL REALITY IS AT HAND! 

THE QUESTION ONLY REMAINS AS TO WHEN OZ DECIDES TO COMPLETE THE NEW GLOBAL RESERVE CURRENCY! 
 
FOR THE REPLACEMENT TO BE COMPLETE, WE NEED TO SEE THE SAUDI RIAL DE-PEG SO THAT THEY CAN HAVE A CURRENCY OF COMPATIBILITY WITH ITS NEIGHBORS OF AROUND 3 BUCKS!  THAT WILL BE REALITY THIS YEAR I ASSURE YOU! 
 
THE ONLY QUESTION IS: WILL IT BE HERE IN JUNE AS THE IMF STATES WHEN WE SEE THE FIRST BASKET RELEASED, OR WILL IT SHOW UP IN THE FALL JUST IN TIME FOR CHINAS' COMPLETE INTEGRATION INTO THE SDR IN OCTOBER? MMMM   ONLY OZ KNOWS! 
 
AS A SIDE NOTE I THINK IT'S VERY INTERESTING THAT THE FED HAS MADE A DEADLINE FOR 5 OF THE BIGGEST U.S. BANKS TO RESTRUCTURE THEIR LIVING WILLS BY THAT SAME TIMELINE OF OCTOBER 1ST! MMMM
 
HOLDING BACK THE CURTAIN WHILE WE SEE ARTICLE AFTER ARTICLE OF FUNDS FLOWING ON BUSINESS DEALS AND PROJECTS IN IRAN ARE GETTING TO THE POINT WHERE SOMEONE WILL CALL FOUL IF WE DON'T SEE A PUBLIC DISPLAY BY THE END OF THIS MONTH! 
 
NOW TO THE POINT.  BLACK GOLD WILL REPLACE THE DOLLAR AS THE RESERVE CURRENCY AND THAT WILL HAPPEN HOW? 

AHHH JUST LIKE PAPAJ, THUNDERHAWK, AND YOURS TRULY HAVE BEEN TEACHING YOU FOR 2 YEARS NOW, CONTRACTS! TPP, TTIP, AND OTHER TRADE AGREEMENTS WILL MAKE THIS POSSIBLE AND A REALITY! 
 
AFTER ALL, THIS IS AS I'VE SAID, THE "GLOBAL NEW REALITY"!  HEE HEE
 
MANY OF US REMEMBER A FAMOUS BASEBALL PLAYER, REGGIE JACKSON.  REGGIE WAS A PLAYER NOTED FOR HIS EXCEPTIONAL  PLAY WHEN THE PRESSURE WAS ON DURING THE PLAYOFFS. HE HAD THE ABILITY TO BE A GAME CHANGER!  BLACK GOLD WILL BE A GAME CHANGER FOR THE CONCEPT OF VALUE IN THE NEW REALITY!
 
WHILE MANY MARKET EXPERTS THINK GOLD WILL RISE AND STOCK PRICES WILL RECOVER AFTER A SELLOFF THEY ALL MISS THE MOST IMPORTANT CONCEPT OF ALL, THE CONCEPT OF VALUE! 
 
IN THE NEW REALITY VALUE IS BEING RE-WRITTEN WITH NEW RESERVE CURRENCY.  THE METRICS OF DETERMINING VALUE ARE NOW GOING TO CHANGE AS WE HAVE SEEN HINTS FROM MANY BILLIONAIRES LIKE BILL GROSS. 

THE VERY MEASURING STICKS USED TO VALUE ASSET PRICES WILL HAVE TO CHANGE AS HE STATES.  DIVIDENDS WILL SHRINK AS COMPANIES SHRINK IN SIZE, LOWER EARNING EXPECTATIONS, AND MANY FAIL FINANCIALLY DUE TO MAGNIFIED DEBT AS A RESULT OF DEFLATION.
 
BUT MOST OF ALL, MANY OF THE EXPERTS FAIL TO UNDERSTAND THE COMING CHANGE OF CURRENCY VALUES IN THESE EMERGING COUNTRIES! 

THEY WILL HAVE A PROFOUND AFFECT ON THE VALUE OF OTHER CURRENCIES PROPORTIONALLY.
 
MANY COUNTRIES WILL BE IN DECLINE WHILE OTHERS LIKE THE "SHINING STAR", VIETNAM, AND THE MINERAL BLEST IRAQ WILL EXPLODE WITH GROWTH OF 8% OR MORE!  WOW!  

THIS SHIFTING OF TRADE AND SHIPPING WILL HAVE PROFOUND AFFECTS ON MARKETS GLOBALLY!  THE CONCEPTS OF VALUE WILL BE RE-PRICED AS I'VE SAID!  THAT'S WHY I CALLED IT THE GREAT RE-PRICING MONTHS AGO. 
 
I MAY SHARE MORE IN THE FUTURE ABOUT THE TREND FOR BANKS IN THE NEW REALITY BUT BE ASSURED IT'S NOT OVER UNTIL ITS OVER AND THE CHANGE IN CURRENCY VALUES ARE NOT THE END BUT JUST THE BEGINNING OF THE CHANGES!
 
TIME TO GET BUCKLED IN AND REMEMBER THE POSTS I'VE SHARED WITH YOU IN THE RECENT PAST, YOUR FUTURE DEPENDS ON IT, MINE TOO!  HEE HEE  
 
BLESSINGS ON YOU!    8@8,DOC   IMO


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