AMTV host, Christopher Greene
explains how since 2008, the US
has increased oil production by an
astounding 50%, made possible
by hydraulic, horizontal drilling
known as "fracking," making the
US the world’s number one
producer of natural gas and
doubling oil production in the
States of Texas and Oklahoma,
in just six years.
Back in 2008-2009, the price of
oil was $200 per barrel. Lately,
it’s been trading at barely $70 per
barrel and forecasted to go as low
as $30-$40, before stabilizing at
$60. This is disastrous for the
Russian and Iranian economies,
which are almost exclusively
dependent on petroleum sales to
run their economies.
The Russian Ruble has lost 60% of
its value compared to the US dollar
over the past year, due to the slide
in the price of oil, compounded by
the US-NATO economic sanctions.
A similar currency crash has occurred
with the Iranian Rial.
As a result of these economic sanctions
and depressed oil prices, industrial
output in Russia is down, inflations is
edging into the double-digits, which
amounts to economic warfare – which
is commonly seen before physical war…
and there’s more…
Video Total: (around 15 mins)
Oil Price Drop Signals Global Depression and WW3
http://www.ForbiddenKnowledgeTV.com/page/26890.html
From Alexandra Bruce