From HAL-TRN... the drop in price of U.S. controlled Iraqi oil will take place when IRAN is attacked over its nuclear facilities.

The U.S. is going to offer the oil to companies on the condition they agree to sell refined products in the US and Iraq-war-coalition countries ONLY, at about half price we're paying now.

In addition, contracts for this half-priced oil will NOT be "let" through any Mercantile or Commodity Exchange or Oil Bourse where speculators drive-up oil prices to enrich themselves! The sales will be done directly between the US and Oil Companies.

Iraqi oil output is presently around 2.7 million barrels per day (bpd) and, according to sources familiar with this change, the US expects output to be at 3 Million bpd very soon.

Having that much cheap oil pouring into the biggest customers it is thought, will force OPEC to bring down prices or face losing a very large chunk of the biggest oil markets.

UPDATE SUNDAY, 6 APRIL 2008 @ 1544 HRS EDT -- In startling information received just moments ago, The Hal Turner Show has learned the drop in price of U.S. controlled Iraqi oil will take place when IRAN is attacked over its nuclear facilities. Part of the U.S. attack will be to reduce IRANIAN income from oil which is funding its nuclear development program. Several key IRANIAN OIL facilities will be targeted by US attack forces.

The US realizes Iran may successfully block the Strait of Hormuz for a brief time after hostilities break out. Such a blockage would put a stranglehold on 75% of world oil supplies, which travel through the Strait. By reducing Iraqi oil prices at a time when 75% of world supplies are disrupted, will leave OPEC scrambling to sell their oil to anyone at any price!. . . .

Developing fast. . . . check back later. . . . . .

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In 2004, a barrel of oil cost $28. Back then, analysts predicted oil would rise to over $100 per barrel before the end of the decade. Everyone said they were nuts. Here we are in 2008. . . . with oil at $100 a barrel. Those same folks are now telling us, prepare for gasoline to cost $8 a gallon!

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I couldn't help but smile as I read this. I suspect a lot of you will be quite surprised by what this guy says to do.

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Over a month ago, I reported on this site (first) that my sources in the Republican National Committee revealed that John McCain had already chosen Condi Rice to be his running mate in an effort to thwart a probable Democrat nomination of Barak Obama.

At the time, all official sources, including Condi Rice, denied the report. The nay-sayers lambasted me for reporting the story. . . . saying I made it up.

Low and behold, the news is officially out! Condi Rice is seeking the VP spot on the Republican ticket. Once again, this web site reported it long before any other media!

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Huge wave of anger swept through US over map depicting southwestern USA given to Mexico.

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