Wednesday, November 7, 2018

Watch America do an Act of self-Immolation

The difference between the wise and the unwise, is that the wise knows what you see today may not be what you'll see tomorrow.

There are two possible reasons for that. First, what you see today will evolve and become something different by tomorrow. Second, if the thing does not evolve fast enough to have changed by tomorrow, your own perception of the thing will have changed by then, and you'll be seeing something different.

On the surface, America's secretary of energy, Rick Perry does not seem wise enough to know this. It's the conclusion you'll reach when you have read the article he wrote under the title: “The World Can Live Without Iranian Oil,” and the subtitle: “The US energy boom will help the global supply meet demand.” It was published on November 5, 2018 in the Wall Street Journal.

Like the subtitle of the article says, Rick Perry believes that absent Iranian oil, the US will “help supply meet demand.” But the key word here is “help,” which means that US oil will not fill the entire gap created by Iran's exit; it will only help do so to a limited degree.

Right now, the world needs Iranian oil at least to the tune of 3 million barrels a day. The best that America could do after several years of exploiting shale oil, was to ramp up its production by 2 million barrels. Now, America produces 11 million barrels but continues to consume 20 million barrels each and every day. And the difference is imported from the pool known as “world supply”.

Moreover, two trends are developing at this time. The first is that the world economic recovery is accelerating, which means that the demand for oil will steadily increase as time passes. The second trend is that a double whammy has hit the American shale oil patch. It is that the companies engaged in this sector have drowned themselves in debt in the race to pump as much oil as they could when it was not economical to do so.

Those companies also discovered that the more they pump from a well, the costlier it gets to extract another barrel from the same well. This means that unless the industry stumbles on a breakthrough, these companies will reach a peak and be forced to ramp down their production. And so, with increasing demand from the world and a decreasing supply from an America that already imports half its needs, Iran will again hold the ace card.

All of this means that once again, the Americans looked at a static snapshot of the existing condition, and passed judgment that will not hold as time moves on. This condition can only be regarded as unwise; a state that has become a permanent feature in the American decision-making process. It came about when the American culture was infiltrated by Jews and was transformed by the Judeo-Yiddish culture.

The problem with that transformation is that the new condition forces the country's political leaders to betray the oath they take to be faithful to the constitution of the United States by serving their own people first and foremost ... and do so, not with cheap talk, but with honest deeds. To see this, all you need to do is go over Rick Perry's promises, and try to foresee what it is they aim to achieve under false pretenses. The following is a condensed version of what Perry has said:

“The new sanctions will hit Iran's energy sector hard. New cross-border pipelines will help Mexico and Canada increase their supply to America ... America's new energy bounty gives us leverage to hold Iran accountable. Entities that flout our sanctions will face the full weight of US economic power. Empowered by its new energy arsenal, the US will apply relentless pressure on Tehran. The international community eagerly awaits the participation of Iran”.

That is, the American secretary of energy has now taken a public oath to hurt Iran's energy sector by increasing the oil that America imports from Mexico and Canada, and use this “bounty” as a potent arsenal to threaten Iran and America's allies who will refuse to join America's “relentless” effort to bring Iran to its knees.

Okay, Mr. Rick Perry, the world heard you. But even your closest allies have pledged to continue doing business with law-abiding Iran despite your unlawful threats. So, who is it you're trying to benefit with a foolish adventure that has the potential to escalate and become a criminal act?

America's political elites will have to think hard before getting too involved at pleasing their Jewish masters because what they believe they are seeing today will turn out to be something different tomorrow.

And there is nothing more biting than seeing today's jingoism turn into tomorrows regrets.