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Breaking the Silence - Bilderberg Exposed
Posted on Sunday, October 09, 2005 @ 18:12:02 PDT by vlad
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Extracted from Nexus Magazine, Volume 12, Number 5 (August - September 2005) article entitled: "Breaking the Silence - Bilderberg Exposed" by Daniel Estulin
When presidents, prime ministers, bankers and generals rub shoulders
with European royalty at the annual secret Bilderberg meeting, they
discuss the business of running markets and wars without being
accountable to the public.
....
Declining Energy Reserves and Economic Downturn
Of course, discussion at Bilderberg 2005 turned to oil. An American
Bilderberger expressed concern over the sky-rocketing oil price. One
oil industry insider at the meeting remarked that growth is not
possible without energy, and that according to all indicators the
world's energy supply is coming to an end much faster than the world
leaders have anticipated.
According to sources, Bilderbergers estimate the extractable world's
oil supply will last a maximum of 35 years under current economic
development and population. However, one of the representatives of an
oil cartel remarked that they must factor into the equation the
population explosion and economic growth as well as demand for oil in
China and India. Under the revised conditions, there is apparently only
enough oil to last for 20 years. No oil spells the end of the world's
financial system—which has already been acknowledged by the Wall Street
Journal and the Financial Times, two newspapers that are regularly
represented at the annual Bilderberg conference. The conclusion: expect
a severe downturn in the world's economy over the next two years as
Bilderbergers try to safeguard the remaining oil supply by taking money
out of people's hands. In a recession or, at worst, a depression, the
population will be forced to dramatically cut down their spending
habits, thus ensuring a longer supply of oil to the world's rich as
they try to figure out what to do.
During cocktails one afternoon, a European Bilderberger noted that
there is no plausible alternative to hydrocarbon energy. One American
insider stated that currently the world uses between four and six
barrels of oil for every new barrel it finds, and that the prospects
for a short-term breakthrough are slim at best. This confirms a public
statement made in 2003 by IHS Energy, the world's most respected
consulting firm cataloguing oil reserves and discoveries, that for the
first time since the 1920s there was not a single discovery of an oil
field in excess of 500 million barrels.
One invitee asked for an estimate of the world's accessible
conventional oil supply. The amount was quoted at approximately one
trillion barrels. As a side note of interest, the planet consumes a
billion (1,000,000,000) barrels of oil every 11.5 days. Another
Bilderberger asked about the hydrogen alternative to oil. The US
Government official agreed gloomily that hydrogen's salvation of the
world's imminent energy crisis is a fantasy.
At the 2005 Bilderberg conference, the oil industry was represented by:
John Browne, chief executive officer of BP; Sir John Kerr, director of
Royal Dutch/Shell; Peter D. Sutherland, chairman of BP; and Jeroen van
der Veer, chairman of the committee of managing directors at Royal
Dutch/ Shell. (Queen Beatrix of The Netherlands, Royal Dutch/Shell's
principal shareholder, is a fully fledged member of the Bilderbergers.
Her father, Prince Bernhard, was one of the founders of the group back
in 1954.)
It should be noted that in late 2003, oil and gas giant Royal
Dutch/Shell announced it had overstated its reserves by as much as 20
per cent; in early 2004 it reduced its estimated oil and gas reserves
by about 4.5 billion barrels, but in October had to apply an additional
cut of 1.15 billion barrels in reserve estimates. In fact, Shell's
three cuts in reserve estimates prompted the resignation of its
co-chairman. The Los Angeles Times (18 January 2005) reported: "For
petroleum firms, reserves amount to nothing less than 'the value of the
company'."
At Rottach-Egern in May 2005, the industry's top executives tried to
figure out how to keep the truth about diminishing oil reserves from
reaching the public. Public knowledge of the diminishing reserves
directly translates into lower share prices which could destroy
financial markets, leading to a collapse of the world economy.
An American Bilderberger wondered what it would take for the oil price
to go back to US$25 a barrel. Another American Bilderberger, believed
to be Allan Hubbard, laconically stated that the general public does
not realise that the price for cheap oil can be the bursting of the
debt bubble. Cheap oil slows economic growth because it depresses
commodity prices and reduces world liquidity.
There is a strong indication, based on the information reported from
the Bilderberg 2005 meeting in Rottach-Egern, that the US Federal
Reserve is extremely concerned about the debt bubble. One American
Bilderberger reported that if the price of oil were to go down to its
previous low of $25 a barrel, the debt-driven asset bubble would
explode. Martin S. Feldstein, president of the National Bureau of
Economic Research, added that $50 a barrel involves greater cash flow.
According to publicly available information, the United States consumes
daily approximately 20 million barrels of oil out of a total world
consumption of 84 million barrels. At $50 a barrel, the aggregate oil
bill for the US comes to $1 billion a day, $365 billion a year, about 3
per cent of 2004 US gross domestic product (GDP). About 60 per cent of
US consumption is imported at a cost of $600 million a day, or $219
billion a year.
A short, stout man asked if the surging oil price would influence
economic growth. Someone sitting in the front row noted that higher
energy prices do not take money out of the economy; they merely shift
profit allocation from one business sector to another. After further
discussion, a US General commented that war spending helps jump-start
the economy, noting that the trick to keeping the opposition at bay is
to limit collateral damage to foreign soil.
A British Bilderberger noted that oil at $120 a barrel would greatly
benefit Britain and the United States, but Russia and China would be
the biggest winners. An expert in international relations and policy
studies noted that for the Chinese this would be a real bonanza. The
Chinese import energy not for domestic consumption but, instead, to
fuel its growing cheap exports—a cost that would be duly passed on to
foreign buyers. A European banker pointed out that Russia could
effectively devalue the dollar by re-denominating its energy trade with
Europe from dollars into euros, forcing Europe's central banks to
rebalance their foreign exchange reserves in favour of the euro.
Jean-Claude Trichet, Governor of the European Central Bank, was present
during the debate.
....
Read the whole article here: http://www.nexusmagazine.com/articles/BilderbergExposed.html
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Re: Breaking the Silence - Bilderberg Exposed (Score: 1)
by Rothhaar on Monday, October 10, 2005 @ 07:23:46 PDT
(User Info | Send a Message) | | It's impossible to know how accurate this report is and I don't really believe that a collection of powerful people like the Bilderbergs "runs" the world. I certainly believe that groups of powerful people TRY to run the world, but I'm certain these attempts suffer the same shortcomings that all other human endeavers encounter. The Bilderbergs probably spend as much time trying to figure out why the previous year's plans went awry as they do making new plans. When it comes to energy, it's hardly surprising that they see no real alternative to oil since so many of them derive their wealth and status from oil. The belief that higher oil prices is a good thing overlooks the fact that the higher the cost of oil, the more cost effective alternatives become. With the typical arrogance of the rich and disconnected, they appear to completely overlook the power of a grassroots movement towards cleaner, cheaper, more renewable fuels. The energy change, when it comes, will come from the bottom up and the all-powerful Bilderbergs will find themselves adapting to other people's scheme of things. |
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Re: Breaking the Silence - Bilderberg Exposed (Score: 1)
by ElectroDynaCat on Wednesday, October 12, 2005 @ 08:34:34 PDT
(User Info | Send a Message) | The Bilderbergers are mainly bankers, and what they are concerned about is the overestimation of oil reserves made back in the 80's.
Those were reserve estimates that they based the development loans they made to oil producing countries in the Middle East, lots of money. Loans that will not be paid back if it turns out that oil isn't there.
And....its beginning to look like that oil isn't there to pay back those loans, whats worse, those countries are falling more into debt as time goes on.
Just as the mortgage companies will get burned in the housing bubble they helped create, the Bilderbergers have painted themselves into a corner with those bad loans.
The primary example of which is Iraq, loaned 100's of Billions back in the 80's for development, they haven't paid a dime since 1991. Right now, oil exploration teams are combing the Western Desert in Iraq to look for the oil that might pay back those loans. The news is not good if the rumors are true, there's oil but not nearly enough to be worth drilling for.
Which is why we'll probably be pulling out of Iraq shortly, and leaving the Iraqis to fend, and pay their loans on their own. Fortunately for the Iraqis, a lot of those loans were written off the books at the time of the invasion in 2003, other Middle East countries won't be so lucky.
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