Saudi cuts deal with China for joint refinery.
Saudi/Chinese trading partnership strengthens.
Canada pushes for pipeline deal with China.
Saudis want oil prices above $100 a barrel
Strait of Hormuz drama.
China/Iraq oil deal
Afghan/China oil Deal
Why are the Saudis intent on keeping oil priced so high? Inflation of the U.S. dollar, maybe? This news broke around the same time the Federal Reserve announced a new round of Quantitative Easing. (See here)
The liberty movement has been warning about the consequences of reckless devaluation of our currency for quite some time. As a result gas prices are on their way up. Some forecast as high as $5 a gallon. This would be catastrophic to the US economy. Just think for a moment what this would mean for the price of FOOD, medication, your commute, electricity, air travel, etc. The current administration's stated goal was to raise the price of gasoline so that Americans would use fossil fuels less and buy more fuel efficient plastic death traps. They seem to be coupling bad economic policy with suffocating regulation. Just pay attention to the world market, as cited above, China is grabbing up all the supply.
It is time to wake up. Liberty is slipping out of our grasp by the minute. Not just individual liberty, but economic liberty as well. When this is lost, what will America look like? Will Land of the free, home of the brave apply to us?
I do not mean this to demonize China, Canada, Saudi Arabia, Iraq, or Afghanistan. They seem to be simply signing business deals that are mutually beneficial. The U.S. needs to remember that it set the example for the free market that it now rejects, the rest of the world is following our example to their benefit and leaving us behind.