Wednesday, June 02, 2004

More on Oil Pricing, and Notable Events

The following excerpts are courtesy of Michael Haupt, Three World Wars News, June 1, 2004…

• June 6th is the final day of the 50th Bilderberg Conference, being held in Italy, which incidentally is also one of the best locations to view Venus moving across the face of the sun (it will not be visible from the US). It was during the 2002 Bilderberg meeting that the Iraq war was finalized – who knows what might be planned this year, and whether Bush will be invited to attend? There is high expectation that this year’s theme is the planned destruction of all western economies, specifically the already failing, fragile US economy. This is of course one of the many reasons the cost of the Iraq war is being allowed to balloon out of control. See Bilderberg.org for further details, including who will likely attend.

Considering that a bombshell was dropped by European Energy Commissioner, Loyola de Palacio, on May 26th in Brussels, it’s likely that the European challenge to the US dollar will be hotly debated. Here’s what was said:

BRUSSELS, May 26 (Reuters) - World oil trade should be switched to a basket of currencies, including the Euro, rather than be priced in dollars only - the European Commission said on Wednesday.

"If the oil price should be related to a value, it should be a consequence of a basket of currencies involving the main oil consumption (nations)," Energy Commissioner Loyola de Palacio told the reporters after a news conference.

"This should give the real picture of the impact of the oil prices."

A spokesman for Mr Palacio said a currency basket for oil trade, which is now all US Dollar denominated, would help provide stability on world oil markets. Since it is the political case that no Commissioner speaks without having the European Heads of State fully behind him, it can be taken as a given, that the EU Commissioner for Energy, Mr Loyola de Palacio, has the FULL backing of Europe’s Heads of State for his sudden statement.

June, especially the first half of June, will be a very busy month for the President of the United States, George W. Bush. President Bush will be in Rome on 4th June 2004, to meet Prime Minister Berlusconi, President Ciampi and Pope John Paul II. He will depart Rome on the 5th June, over-nighting somewhere between Milan, Italy and Paris on the night of 5th June 2004. Remember that the Bilderberg conference is in Italy over this weekend, and it seems unlikely that he will not drop in for a quick visit, as Clinton did in 2000, and Blair did in 1998. By June 6th President Bush will be in France, where he will meet Jacques Chirac and participate in the 60th D-Day anniversary. He then returns to the US for the G8 Summit meeting at Sea Island, off the coast of Georgia about 80 miles from Savannah, which takes place on June 8-10.

Silver - $5.82
Gold - $390.40

Got metal?

Ron Robinson
A Majority of One

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