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Just Three Men Now Control The Price Of The World’s Oil As OPEC Becomes Meaningless In Global Power Shift

The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond.

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OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond. But of course they each want different things.

Just last month, Saudi Crown Prince Mohammed bin Salman had journalist Jamal Khashoggi killed in a brutal, execution-style killing, according to the latest CIA intelligence. Will he be brought to justice any time soon? Don’t hold your breath unless you look good in blue.

Russian leader Vladimir Putin, who started his career as a KGB spy, knows a large section of the world depends on his oil output, especially EU heavyweight Germany, so he can do what he wants with impunity.

America’s billionaire president, Donald J. Trump, seems to have been destined to play the role of leader of the free world, with his hands on the pursestrings of the world’s largest economy. Any one of these men are formidable in their own right, but the idea of all of them in a triumvirate controlling global oil prices leaps off the pages of a Left Behind novel.

The oil price is now controlled by just three men

FROM BLOOMBERG: While OPEC struggles to find common purpose, the U.S., Russia and Saudi Arabia dominate global supply. Together they produce more oil than the 15 members of OPEC. All three are pumping at record rates and each could raise output again next year, although they may not all choose to do so.

It was Saudi Arabia and Russia that led the push in June for the OPEC+ group to relax output restraints that had been in place since the start of 2017. Both subsequently jacked up production to record, or near record, levels. U.S. output soared unexpectedly at the same time, as companies pumping from the Permian basin in Texas overcame pipeline bottlenecks to move their oil to the Gulf coast.

These increases, alongside smaller downward revisions to demand growth forecasts and President Trump’s decision to grant sanctions waivers to buyers of Iranian oil, have flipped market sentiment from fears of a supply shortage to concerns about a glut in the space of three months. Oil stockpiles in the developed nations of the OECD, which had been falling since early 2017, are rising again and are likely to exceed their five-year average level when October data are finalized, according to the International Energy Agency.

As oil prices have headed south, Saudi Arabia said it would cut exports by 500,000 bopd next month and warned fellow producers that they needed to cut about 1 MMbpd from October production levels. That drew a lukewarm response from Putin and swift Twitter rebuke from Trump.

Bin Salman needs oil revenue to fund his ambitious plans to transform Saudi Arabia, while avoiding unrest from those hurt in the process. The International Monetary Fund forecasts that the kingdom will need an oil price of $73.3/bbl next year to balance its fiscal budget. Brent crude is trading about $5 below that, with Saudi Arabia’s exports trading at a discount to the North Sea benchmark. Prolonging output cuts for a third year is the only way he can realize the price he needs.

He will face more challenges from Putin and Trump. The Russian president shows no great enthusiasm for restricting his country’s production again. Moscow’s budget is much less dependent on oil prices than it was when Russia agreed to join OPEC-led efforts to re-balance the oil market in 2016 and the country’s oil companies want to produce from the fields where they have invested.

Putin may yet decide that maintaining his improved political relationship with MBS, as the Crown Prince is known, is worth a small sacrifice. But it’s not a foregone conclusion that Russia will agree to extend output cuts when producers gather in Vienna next month. Putin says oil prices of around $70/bbl suit him “completely.”

The opposition from Trump will — naturally — be much louder and comes at a time when he and MBS are trying to preserve their political relationship, while American senators consider harsher sanctions on Saudi Arabia in response to the war in Yemen and the killing of dissident journalist Jamal Khashoggi.

A bigger U.S. threat to Saudi plans than Trump’s tweets will come from the Texas oil patch. American producers have added a volume equivalent to the entire output of OPEC’s Nigeria in the past 12 months. Their production could reach 12 MMbpd by April, according to the Department of Energy. That’s six months sooner than it was forecasting just a month ago and 1.2 MMbpd more than it foresaw in January.

Saudi Arabia will have to risk Trump’s wrath, Putin’s indifference and a booming U.S. shale industry if it hopes to balance the oil market in 2019. source

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Donald Trump

Walmart Becomes Latest Major Corporation To Rollback DEI Policies As Trump Landslide Win Already Reversing The Tide Of Obama-Era Wokeness

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Walmart, the world’s largest retailer, is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after Donald Trump win. Woke is dead, and that’s good.

This Thanksgiving, one of the things you can be thankful for is that it looks like many of the woke policies put in place by Barack and Michelle Obama, and kept in place by Joe Biden and Kamala Harris, just might finally be coming to an end. Policies like DEI hiring that mandates that a person get a job based, not on merit and qualifications, but on skin color and gender identity. Walmart is just one of many major corporations to begin rolling back the Diversity, Equity and Inclusion policies they were forced to enact. This is happening because Donald Trump just won in a landslide. Winning is good.

“And he asked him, What is thy name? And he answered, saying, My name is Legion: for we are many.” Mark 5:9 (KJB)

America is a diverse nation, and to a large degree, that diversity is our strength. But that only applies when talking about organic diversity as it is naturally found amongst our people. The artificial diversity created by the DEI and pronouns crowd is demonic in nature, and gives power to the most base elements of our society. Biological men do not belong in the ladies room, transgenders do not belong on the battlefield, and who wants their pilot or surgeon to hold those positions by virtue of their gender identity? So kudos to Walmart, as well as Toyota, Ford, Lowe’s, Tractor Supply, John Deere and other corporations who are voting for a return of sanity. The incoming Trump era is already bearing fruit, and that’s a lot to be thankful for. Now go out and tell lost people about salvation in Jesus Christ.

Our Biggest Sale Of The Year At The NTEB Bookstore Starts Thanksgiving Day With Savings Of 20-50% Off!!

Walmart the latest big corporation to scale back DEI policies after pressure from conservative activists

FROM CBS NEWS: The changes, confirmed by Walmart on Monday, are sweeping and include everything from not renewing a five-year commitment for an equity racial center set up in 2020 after the police killing of George Floyd to pulling out of a prominent gay rights index. And when it comes to race or gender, Walmart won’t be giving priority treatment to suppliers.

Walmart’s moves underscore the increasing pressure faced by corporate America as it continues to navigate the fallout from the U.S. Supreme Court’s ruling in June 2023 ending affirmative action in college admissions. Emboldened by that decision, conservative groups have filed lawsuits making similar arguments about corporations, targeting workplace initiatives such as diversity programs and hiring practices that prioritize historically marginalized groups.

Separately, conservative political commentator and activist Robby Starbuck has been going after corporate DEI policies, calling out individual companies on the social media platform X. Several of those companies have subsequently announced that they are pulling back their initiatives, including Ford, Lowe’s, Tractor Supply and Harley-Davidson.

But Walmart, which employs 1.6 million workers in the U.S., is the largest one to do so.

“This is the biggest win yet for our movement to end wokeness in corporate America,” Starbuck wrote on X, adding that he’d been in conversation with Walmart.

Walmart confirmed to The Associated Press that it will better monitor its third-party marketplace items to make sure they don’t feature sexual and transgender products aimed at minors. That would include chest binders intended for youths who are going through a gender change, the company said. The Bentonville, Arkansas-based retailer will also be reviewing grants to Pride events to make sure it isn’t financially supporting sexualized content that may be unsuitable for kids. For example, the company wants to makes sure a family pavilion isn’t next to a drag show at a Pride event, the company said.

Additionally, Walmart will no longer consider race and gender as a litmus test to improve diversity when it offers supplier contracts. The company said it didn’t have quotas and won’t do so going forward. It won’t be gathering demographic data when determining financing eligibility for those grants.

The changes come soon after an election win by former President Donald Trump, who’s criticized DEI initiatives and surrounded himself with conservatives who hold similar views, including his former adviser Stephen Miller, who leads a group called America First Legal that has challenged corporate DEI policies. Trump named Miller to be the deputy chief of policy in his new administration. READ MORE

Walmart has joined a growing list of companies that are rolling back on their diversity, equity and inclusion policies and efforts.

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

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But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Donald Trump

The American People Voted To Repeal Wokeism, Abortion, Transgender Tyranny, DEI, Inflation, Open Borders And The Entire Main Stream Media

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America voted for America last Tuesday night, and rejected the radical woke agenda offered by Kamala Harris and the Democrat machine, but what comes now?

Last Tuesday night, the American people voted across the board to rid our nation of about a half-dozen things that no one wanted. Voters said with their ballots that they were tired of a bad economy with high inflation, tired of open borders and the endless procession of illegals flooding our states, and tired of the Obama Transgender Manifesto that sought to elevate the perceived needs of a resounding minority above and beyond the needs of the majority. The best part? Donald Trump was handed his landslide mandate by a wonderful coalition of blacks, whites, Hispanics, Asians, and yes, even LGBT voters. In short, America voted for America, and America won, but how long can we hang on to it?

“Put them in fear, O LORD: that the nations may know themselves to be but men. Selah.” Psalm 9:20 (KJB)

So the question is, having received the a generational drubbing at the polls, has the Democratic Left actually learned anything at all about what the people want? It would appear they have not. America is now, and has always been, a very diverse nation, but people inherently understand that going to far to either extreme invites disaster. Much of how the Left is reacting right now is more in line with mental illness than it is with good old voter dissatisfaction. Reactions like women shaving their heads on social media, endless videos of Democrats dissolving into hysterical weeping and cries of ‘racism and misogyny’ because Hispanics and blacks ‘didn’t want a mixed race woman’.

What they didn’t want, and what a majority of America didn’t want, was a puffed-up media creation candidate who ran on promising to fix all the things she helped break for the past 4 years. On top of that, the Democrats ran a vice presidential candidate who literally skipped and pranced while blowing kisses around the podium at rallies like Richard Simmons. It was truly a clown show, and America was not buying.

America said no to the radical woke agenda offered by the Democrats, and signaled a desire to return to a time when people had more common sense, protected children instead of indoctrinating them, and rewarded workers based not on their color of their skin, or gender, but on their own merits, efforts and hard work. But make no mistake about it, we are still living in the last days, and we are still a nation that rejects God if you use any sort of a biblical standard. Perilous times lay ahead, and Trump’s mandate will be thwarted by the Democrats every chance they get. Things are exactly as you would expect them to be here on Day 1,702 of 15 Days To Flatten The Curve, and there remains much work to be done for the LORD. It is up to us who are saved to step up to the plate. Now. TO THE FIGHT!!!

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

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But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Donald Trump

After An Overwhelming And Decisive Election Day Win, George Soros Funded Pro-Palestinian Anti-Trump Protests Erupt Across Several Democrat Cities

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In Chicago, a day after America decided, the United States Palestinian Community Network protested Donald Trump’s victory at Federal Plaza.

When Americans went to the polls on Tuesday, they voted across the board in favor of the platform that Donald Trump campaigned for president on, decisively and overwhelmingly. Trump won the Electoral College vote, the Popular vote, he won in the House, in the Senate and in the governors races. The American people not only voted him in in a landslide, they gave him a clear mandate to enact key Trump agenda items like immigration control and reform. Thousands of George Soros funded Pro-Palestinian agitators don’t see it that way, and last night in Chicago and Philadelphia, they took to the streets calling for an end of the nascent Trump presidency that won’t even begin until January 21st, 2025.

Howl, O gate; cry, O city; thou, whole Palestinaart dissolved: for there shall come from the north a smoke, and none shall be alone in his appointed times.” Isaiah 14:31 (KJB)

America is a nation of immigrants, and that is part of our strength. My dad’s family arrived here in 1732 from Germany by way of Holland and France, and my mom’s family arrived on a boat from Scotland at Ellis Island in 1922. Legal immigration is good and necessary in order to maintain our super-sized nation with the workforce needed to keep things running smoothly and efficiently. George Soros, and now his son Alex Soros, spend tens of millions of dollars per year to flood our streets with political agitators like the ones in our story today. Soros and the Democrats are the ones keeping racism alive, fomenting hatred and causing division. Donald Trump stands for American sovereignty over our borders, and they hate him for that. Donald Trump supports the Jewish state of Israel, and they hate him for that, too.

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Palestinian advocates protest in Chicago after Trump win, immigration rights advocates also worry

FROM CBS NEWS: President-elect Donald Trump won more votes in Illinois this general election than he did in either of the two previous elections in which he ran. Immigration and the economy are two key issues that got people to the polls this election—and ultimately led to a victory for Trump nationwide.

In Chicago, a day after America decided, the United States Palestinian Community Network protested Trump’s victory at Federal Plaza.

“Our issues are with both parties,” said Hatem Abudayyeh of the U.S. Palestinian Community Network. “Both parties support Israel unequivocally.”

Vice President Kamala Harris underperformed with key parts of the Democratic coalition, while Trump made some inroads. Organizers of the protest said the current administration was warned of this outcome if the War in Gaza persisted and U.S. funding to Israel continued.

“They are not going to be able to take for granted the people that are represented here, the movements that are represented here,” said Abudayyeh.

Meanwhile, Israeli Prime Minister Benjamin Netanyahu congratulated President-elect Trump, calling his victory history’s greatest comeback. And despite campaign threats of mass deportations, Trump won 45% of the Latino vote—a double-digit increase from 2020.

“The fear factor and the rhetoric, you know, is real,” said Lawrence Benito of the Illinois Coalition for Immigrant and Refugee Rights. Benito said his organization is ready to respond. “Obviously, we reject mass deportation agenda, and we’re going to continue to fight back,” said Benito. READ MORE

Organizers of the protest said the current administration was warned of this out come if the War in Gaza persisted and U.S. funding to Israel continued. Meanwhile, as Charlie De Mar reports, immigrants’ rights advocates are also concerned about what will happen in the new Trump administration.

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

nteb-free-king-james-bible-program-750-550

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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