Will Russia Control World's Oil Supply ???

Russia has played a master stroke in the current oil crisis by taking the lead in forming a new cartel, but it’s a move that could spell geopolitical disaster.

The meeting between Russia, Qatar, Saudi Arabia and Venezuela on 16 February 2016 was the first step. During the next meeting in mid-March, which is with a larger group of participants, if Russia manages to build a consensus—however small—it will further strengthen its leadership position.

Until the current oil crisis, Saudi Arabia called the crude oil price shots; however, its clout has been weakening in the aftermath of the massive price drop with the emergence of US shale. The smaller OPEC nations have been calling for a production cut to support prices, but the last OPEC meeting in December 2015 ended without any agreement.

Now, with Russia stepping in to negotiate with OPEC nations, a new picture is emerging. With its military might, Russia can assume de facto leadership of the oil-producing nations in the name of stabilizing oil prices.

You can read the rest @
http://oilprice.com/Energy/Energy-General/Will-Russia-End-Up-Controlling-73-of-Global-Oil-Supply.html

This is what happens when you let morons control US economic and foreign policy.

But I think this development goes deeper than "just" controlling the world's oil supply. Do you remember what Kelly Mitchell said in his 2013 book Gold Wars?

There is a mechanism being put into place to destroy the US dollar in the next few years. It has many components, but the primary ones are an alternative oil sales system, a gold-backed trade platform, an international central bank outside of Western control, a framework for diminishing US influence, available natural resources, and a coalition of regional leader nations. Participants have reportedly agreed to prices of $7,500 minimum for gold and $150 for silver [per troy ounce].

You can read more of his predictions here:

http://sainthoward.blogspot.com/2013/12/gold-wars-must-read-book.html

Our economy (and that of most of our "allies") is based upon debt, while the emerging global economy is based upon assets. When we finally crash, I have no clue how we could ever rise again.