Thursday, August 19, 2010

Oil: And there shall be.......... upon the earth distress of nations, with perplexity

Just as you thought our economy was in a downturn--imagine that if oil in Saudi Arabia is still the foundation, the House of Saud appears a little shaky. For the politically inclined here is an article of interest. Our hearts are not to fail us with fear the Lord is our refuge:


Luke 21:25-28  25And there shall be................ upon the earth distress of nations, with perplexity; the sea and the waves roaring; 26Men's hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken. 27And then shall they see the Son of man coming in a cloud with power and great glory. 28And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.


Jer. 16:19 O LORD, my strength, and my fortress, and my refuge in the day of affliction, the Gentiles shall come unto thee from the ends of the earth, and shall say, Surely our fathers have inherited lies, vanity, and things wherein there is no profit.


Ps. 91:2  I will say of the LORD, He is my refuge and my fortress: my God; in him will I trust




This article impressed me with the fact that many things go on behind the scenes, and yet kingdoms will continue to rise and fall. Perhaps you will find it interesting as well.


A former CIA operative argues, in an article drawn form his new book, Sleeping With the Devil, that today's Saudi Arabia can't last much longer—and the social and economic fallout of its demise could be calamitous

Not all the wishing in the world will change the basic reality of the situation.
* Saudi Arabia controls the largest share of the world's oil and serves as the market regulator for the global petroleum industry.
* No country consumes more oil, and is more dependent on Saudi oil, than the United States.
* The United States and the rest of the industrialized world are therefore absolutely dependent on Saudi Arabia's oil reserves, and will be for decades to come.
* If the Saudi oil spigot is shut off, by terrorism or by political revolution, the effect on the global economy, and particularly on the economy of the United States, will be devastating.
* Saudi oil is controlled by an increasingly bankrupt, criminal, dysfunctional, and out-of-touch royal family that is hated by the people it rules and by the nations that surround its kingdom.

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