Archive for oil

Downside Risk for Stocks? Interview with World Famous Technical Analyst Walter Zimmermann… Michael Douville

Posted in #PaulthePoke, Michael Douville with tags , , , , , , on June 23, 2020 by paulthepoke

Ecclesiastes 7:12 For the protection of wisdom is like the protection of money, and the advantage of knowledge is that wisdom preserves the life of him who has it.

Ecclesiastes 9:18 Wisdom is better than weapons of war, but one sinner destroys much good.

Walter Zimmermann

You have seen him on CNBC and Bloomberg Financial networks. He is Walter J. Zimmermann, technical analyst for United ICAP.

WOW! Walter Zimmermann speaks of a dangerous Stock Market, the limits of Oil, the benefits of Real Estate, and the Economy.

Is the Stock market poised for another decline? When will the Economy begin to heal? Where can an Investor be safe? World renowned Technical Analyst Walter Zimmermann discusses the latest events with Michael Douville.

https://www.icap-ta.com/wp-content/uploads/2016/02/Intro-to-TA.pdf

michaeldouville0@gmail.com

Syndicated Columnist Library of videos and articles: www.michaeldouville.com

U.S. Oil Market Trades Below ZERO! April 2020

Posted in #PaulthePoke, Prophecy, Trend Update with tags , , , , , , , , on April 20, 2020 by paulthepoke

April 20, 2020: For the first time ever, oil has traded below zero. The May contract for U.S. West Texas intermediate crude oil absolutely crashed to a low of -$38.08 during trading on Monday. As of this post, the price had corrected upwards to approximately $1.00 a barrel.

The price of international Brent crude fell to $26.60 a barrel. Brent crude capacity is not land locked as is the case in North America.

The oil price war between the Saudis and the Russians has not helped the matter either. You can bet both of these actors are watching the current situation carefully.

As a result of COVID-19, demand for oil and gas has decreased. Supply has increased to the point where there is essentially no place to store the oil in North America.

The oil storage facility in Cushing, Oklahoma is filling up fast. It is estimated the facility can hold around 85 million barrels. This is the key storage facility in North America.

The global economy is experiencing first hand the result of a lack of working and the free flow of commerce. People around the globe have been shut in their homes because of the COVID-19 coronavirus. Without economic demand, prices are falling.

The ripple effects of this move merit watching. Soft commodity food prices are on the verge of breaking lower as well. The idea of cheaper costs sounds good in the short term.

But eventually, producers and suppliers will cut back their production. And this will lead to an inventory squeeze, a spike in prices and ultimately inflation.

With the opening of the third seal in Revelation 6, John speaks of a time when it will cost a day’s wage for food. About 2,000 years ago, a denarius was a day’s wage for labor. Remember this is looming at some point in the future… A day’s wage to eat.

The dollar is breaking to higher levels against the currencies of the world. Will a strong US Dollar lead to the scenario of hyperinflation described in Revelation 6?

Revelation 6:6 And I heard what seemed to be a voice in the midst of the four living creatures, saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius, and do not harm the oil and wine!”

Dollar Appreciation Continues… Michael Douville

Posted in #PaulthePoke, Michael Douville, Prophecy with tags , , , , , , , , , on March 23, 2020 by paulthepoke

Proverbs 20:10 Unequal weights and unequal measures are both alike an abomination to the LORD.

Micah 6:10-11 Can I forget any longer the treasures of wickedness in the house of the wicked, and the scant measure that is accursed? Shall I acquit the man with wicked scales and with a bag of deceitful weights?

Michael

All currencies are not created equal. Values of currencies change. God is not a fan of currency manipulation. Global markets and governments manipulate currencies on a daily basis. Imagine that, humanity outside of God’s economic laws…

The end result of currency changes can be dramatic. Michael explains the consequences of a rising dollar and what it means to global economics.

Michael has been talking with Technical Analyst Walter Zimmerman. He has target prices of the DXY (US Dollar) at 103.00. In an extreme case, Zimmerman has a target of 120.00 for the DXY. The end result would be cheaper prices and deflation in the United States. The rest of the world would pay higher prices and experience inflation. The US dollar is currently the global reserve currency.

Oil prices could drop as low as $15 per barrel in extreme cases. Michael Douville comments if we hit 120.00 on the DXY, oil could be roughly $5 per barrel. Recently, the DXY touched 102.82 and closed today at 102.10.

Global debt is financed in dollars. At some point, the bill comes due for borrowing money…

These are interesting times and it pays to be informed and prepared. Have a plan. Talk with your financial adviser.

For Michael’s timely comments, see the link below.

michael@michaeldouville.com
https://michaeldouville.com/

It would appear the current trend of a strong dollar continues as the world struggles with COVID-19 coronavirus…

Michael Douville is a Syndicated Columnist.

Library of videos and articles: www.michaeldouville.com

Saudi Princes Arrested, March 2020

Posted in #PaulthePoke, Prophecy, Saudi Arabia/Sheba/Dedan, Trend Update with tags , , , , , , , , , , , on March 8, 2020 by paulthepoke

The winds of change may be blowing in Saudi Arabia. The Crown Prince Mohammed bin Salman is arresting his relatives. Prince Ahmed; his son Prince Nayef bin Ahmed bin Abdulaziz, Head of Land Forces Intelligence and Security Authority; the former Crown Prince Mohammed bin Nayef; and his half brother Nawaf have been accused of attempting a coup… allegedly.

And the list is growing. The latest out of Saudi Arabia indicates at least 20 have been detained.

https://www.middleeasteye.net/news/exclusive-least-20-princes-detained-mass-purge-saudi-crown-prince

The move coincides with a failed OPEC meeting where member nations failed to agree on oil production cuts. The result was 10% drop in oil prices. Brent crude settled at $45.18 a barrel. Oil revenues are the heart beat of the Saudi economy. Revenue created from the sale of oil provides stipends and services to Saudi citizens.

Mecca-Empty

The Saudis have recently re opened the holy sites in Mecca and Medina amid concerns of the coronavirus, COVID 19. The Saudi kingdom had requested pilgrims to not come visit at this time. Now, visitors must wait 14 days of screening before being allowed to enter Saudi Arabia. As of the writing of this post, Saudi Arabia has 5 documented cases of COVID 19.

https://gulfnews.com/world/mena/saudi-arabia-reopens-mecca-madinah-holy-sites-after-coronavirus-closure-1.1583478146413

The internet and social media rumor mill are running wild about the health and well being of King Salman. There are multiple unconfirmed reports the king has died.

Stay tuned…

Sheba and Dedan are first mentioned in Genesis 10.

Genesis 10:7 The sons of Cush were Seba and Havilah and Sabtah and Raamah and Sabteca; and the sons of Raamah were Sheba and Dedan.

Seba-Dedan2

The family tree starts with Noah, then his son Ham, then his son Cush, then his son Raamah and his sons Sheba and Dedan.

Historically, per Strong’s Concordance and NET Bible, Raamah settled in the southwest of the Arabian Peninsula. Sheba settled in the southern Arabian Peninsula. Dedan settled in the northern Arabian Peninsula. These areas make up what is modern day Saudi Arabia.

Dedan was an ancient capital of Saudi Arabia. It is modern day Al Ula in northwest Saudi Arabia.

Natural Gas Find Off the Coast of Israel, November 2019

Posted in #PaulthePoke, Ezekiel 38-39, Prophecy, Trend Update with tags , , , , , on November 5, 2019 by paulthepoke

Ezekiel 38:12 to capture spoil and to seize plunder, to turn your hand against the waste places which are now inhabited, and against the people who are gathered from the nations, who have acquired cattle and goods, who live at the center of the world.

to capture spoil and to seize plunder… Here are the intentions of Gog, the leader of Magog (Russia). The Russians, along with the Turks and Iranians are planning to invade and attempt to steal natural resources from Israel. This is what Ezekiel is saying from roughly 2,600 years ago.

For more linking Magog to modern day Russia, see the link below. https://godinanutshell.com/2017/08/04/ezekiel-38-who-is-magog/

November 2019: The British and Greek energy company Energean has made a significant oil and natural gas find off of the coast of Israel. 25 billion cubic meters (bcm) of natural gas and 34 million barrels of light oil has been confirmed.

These amounts will be in addition to the initial discoveries of 68 bcm of natural gas and 33 million barrels of light oil.

“This is an excellent result from the Karish North appraisal sidetrack, confirming in place volumes in the top half of pre-drill estimates and increasing our recoverable volumes in Israel by 0.9 Tcf (25 BCM) of gas plus 34 million barrels of light oil or condensate. Today’s news delivers upon another commitment that we had made to our shareholders and the successful results allow us to continue our gas marketing efforts in the region with a goal to fully utilize the capacity of our 8 BCMA FPSO. Our focus now remains on closing the Edison E&P acquisition, in parallel with progressing Karish development. ” -Mathios Rigas, Chief Executive, Energean

For a complete look at the Energean appraisal, click on the link below. https://www.energean.com/media/3527/20191104-successful-karish-north-appraisal.pdf

These finds are in addition to two tremendous areas of natural gas. The Leviathan oil and gas basin in the Mediterranean Sea is believed to hold 1.7 billion barrels of oil. The basin also holds an estimated 122 trillion cubic feet of natural gas (Noble Energy, U.S. Geological Survey). A second oil and natural gas basin is the Tamar. It is estimated to hold 7.9 trillion cubic feet of natural gas (Noble Energy).

Israel is looking to export their natural resources to western Europe. These exports will cut into the bottom lines of Russia and Turkey. More bait for a future invasion of Israel. At some point in the future, Russia and its allies will invade Israel for their “great spoil”. They have economic motivation and reason to invade.

Proceed with Caution

Posted in Michael Douville, Trend Update with tags , , , , , on December 5, 2018 by paulthepoke

1 Chronicles 12:32a And of the sons of Issachar, having understanding of the times, to know what Israel should do.

There is an ongoing Housing Correction, a Global Slowdown and Turmoil in Iran, Russia and Turkey. Understanding these dynamics will help you navigate the future and not only survive but prosper.

Michael released this video about a month ago. Since then, oil has dropped to $53 per barrel. Housing starts continue to decline. The Dow Jones Industrial Index dropped close to 800 points at its last close.

Know the times we are living. Have an understanding. Have a plan. Know what to do.

Click the video link below for Michael’s 3 minute broadcast.

 

https://michaeldouville.com/

 

 

Russia Increases Presence in Libya, October 2018

Posted in Ezekiel 38-39, Prophecy, Trend Update with tags , , , , , , , on October 16, 2018 by paulthepoke

Ezekiel 38:5 Persia, Ethiopia and Put with them, all of them with shield and helmet…

Genesis 10:6 The sons of Ham were Cush and Mizraim and Put and Canaan.

These are Noah’s grandchildren. The sons of Ham by and large settled in Africa.

Put or Phut means “a bow”; a nation and people of northern Africa; probably Libyans. –Strong’s Concordance. Consensus among researchers and scholars is Put is modern day Libya.

Historical Put or modern day Libya is a country that will join Russia and others in their future invasion of Israel.

October 2018: Russia is adding military hardware and troops into Libya. The build appears to have started in March 2017.

https://paulthepoke.com/2017/03/20/trend-update-russian-special-forces-in-libya-march-2017/

Libya Daily Mail

Image: Daily Mail

Russia has built military bases in the Mediterranean port cities of Benghazi and Tobruk.

Russian Kalibr anti-ship missiles and the S-300 missile defense system are reported to be in Libya. Russian military equipment and military vehicles bound for Libya have been intercepted by Tunisia earlier in the year.

Libya Oil

Libya has the largest oil reserves in Africa. As of now, production is approximately 700,000 barrels per day. With political stability and safety, production could increase to 2,500,000 barrels per day. President Vladimir Putin’s Russia clearly wants a piece of the growing pie.

There is money to be made in other areas of the Libyan economy. The country has a rebuild coming from all the destruction of civil war. Putin wants to re-establish a railway contract and military arms deals.

Libya is also the main gateway to Europe for African immigrants. Six billion pounds a year are made in trading humans across the Mediterranean Sea. Italy is less than 300 miles away. Vladimir Putin looks to control the flow of immigration as a political tool against Europe.

For more detail and analysis, see the link below.

https://www.dailymail.co.uk/debate/article-6273681/Putins-taking-Libya-order-point-new-weapon-West-writes-MICHAEL-BURLEIGH.html

Billions upon billions of dollars are on the table. Russia and Libya are drawing closer just like the prophet Ezekiel said…

 

Dollar Rising, Michael Douville

Posted in Michael Douville with tags , , , , , , , , on June 21, 2018 by paulthepoke

Proverbs 20:10 Unequal weights and unequal measures are both alike an abomination to the LORD.

Micah 6:10-11 Can I forget any longer the treasures of wickedness in the house of the wicked, and the scant measure that is accursed? Shall I acquit the man with wicked scales and with a bag of deceitful weights?

Michael

All currencies are not created equal. Values of currencies change. God is not a fan of currency manipulation. Imagine that, humanity outside of God’s economic laws…

The end result of currency changes can be dramatic. Michael explains the consequences of a rising dollar and what it means to global economics.

Understand the times we are in. Currently, soft commodities (grains such as barley and wheat) are relatively cheap. These times will not last forever. Make plans now while goods are inexpensive. Understand where we are going. Have a plan.

The dollar is rising causing Systemically Important Financial (SIFI) to Plummet.

 

michael@michaeldouville.com

https://michaeldouville.com/

Trend Update: Israel & Egypt Ink Gas Deal, February 2018

Posted in Ezekiel 38-39, Prophecy, Trend Update with tags , , , , , , , , , , , , on February 22, 2018 by paulthepoke

Ezekiel 38:13 Sheba and Dedan and the merchants of Tarshish and all its leaders will say to you, ‘Have you come to seize spoil? Have you assembled your hosts to carry off plunder, to carry away silver and gold, to take away livestock and goods, to seize great spoil?’

See the video link below for additional analysis and geography.

Oil and natural gas will be serious bait for the Russian invasion of Israel. At some point in the future, Russia and its allies will invade Israel for their “great spoil”.

For details linking modern day Russia to ancient Magog. See the link below.

https://godinanutshell.com/2017/08/04/ezekiel-38-who-is-magog/

 

Full disclosure, the author of this article is a shareholder in Zion Oil & Gas (ZN); listed on NASDAQ Exchange.

February 14, 2018: Zion Oil & Gas has discovered oil and natural gas in the Megiddo-Jezreel Valley.

“I am ecstatic to see clear evidence of hydrocarbons (oil and gas) in the deeper portion of our Megiddo-Jezreel #1 well, a project that we have been working on for years. However, at this time we cannot comment on the commerciality or ability to successfully produce the well. We ask that our shareholders continue to pray for safe and successful drilling, logging, and testing operations, and for God’s wisdom for management as we make key decisions in the following days and weeks. Please be patient. We will provide further updates after we have adequate time to properly evaluate the logs and finalize our well testing program following the recent events.” Zion’s CEO, Victor G. Carrillo

http://www.worldoil.com/news/2018/2/14/zion-oil-gas-encounters-oil-onshore-israel

This is the location John discusses at the outset of the bowl judgments in Revelation.

Revelation 16:16 And they assembled them at the place that in Hebrew is called Armageddon.

 

February 19, 2018: Prime Minister Benjamin Netanyahu of Israel announces a $15 billion deal to export natural gas to Egypt. See the link below for a video statement from the Prime Minister.

Noble Energy and Delek Drilling are the benefactors of the deal. They will be selling natural gas to Dolphinus Holdings of Egypt. The natural gas is coming from the Leviathan and Tamar natural gas fields off the coast of Israel in the Mediterranean Sea. 64 billion cubic meters of natural gas are expected to be exported over 10 years.

Egypt has the ability to liquefy the natural gas and transport around the world. Those liquefication plants are owned by Royal Dutch Shell. Egypt announced the deal to their public as a nameless partner.

Security of pipelines and distribution will be a factor. Historically, ISIS has vandalized pipelines in the region of the Sinai Desert.

https://www.bloomberg.com/news/articles/2018-02-19/noble-delek-sign-15-billion-deal-to-export-israel-gas-to-egypt

 

Rapture compressedhttps://www.smashwords.com/books/view/731160

Available in ebook and paperback at Amazon.com

https://www.amazon.com/s/ref=nb_sb_noss_2?url=search-alias%3Daps&field-keywords=Rapture+Bride+Redeemed

Also available online at Barnes & Noble, iBooks, Kobo, and Inktera

Trend Update: Iraqi Troops Moving On Kurds, October 2017

Posted in Iraq/Babylon/Shinar, Kurds/Medes, Prophecy, Trend Update with tags , , , , , , , , , , , , on October 15, 2017 by paulthepoke

Genesis 11:1-2, Now the whole earth had one language and the same words. And as people migrated from the east, they found a plain in the land of Shinar and settled there. 

Genesis 11:9a Therefore its name was called Babel

This area in Genesis 11 was established around 2,100 BC. Shinar is another name for Babylon.

Click on video link below for additional geography and analysis.

Ancient Babylon is the home and setting to the writings of the prophet Daniel. Babylon under the leadership of King Nebuchadnezzar invaded Jerusalem. Jewish captives were taken and exported to Babylon in 606 BC.

Daniel 1:2b …And he (Nebuchadnezzar) brought them to the land of Shinar

Daniel was a member of the party of people taken from Jerusalem.

Daniel 1:6 Among these were Daniel, Hananiah, Mishael, and Azariah of the tribe of Judah.

The prophet Daniel served the Babylonian King Nebuchadnezzar as a young man. Later in his life as an older man, Daniel would serve the Medo-Persian Empire under King Darius the Mede and King Cyrus the Persian.

Daniel 6:28 So this Daniel prospered during the reign of Darius and the reign of Cyrus the Persian.

Media or the Medes were located north of ancient Babylon. Ancient Media is consistent with the modern day group of people called the Kurds.

This is modern day, 21st century Iraq. It appears the ancient rivalry of the Babylonians (Iraq) and the Medes (Kurdistan) is on the verge of being reignited. The Kurds recently voted to become an independent nation, Kurdistan. None of their Middle East neighbors approve of the will of the Kurdish people. Turkey, Iran, and Iraq consider the Kurds terrorists.

Ceyhan Kirkuk pipeline

seekingalpha.com

The issue is oil. The Kurds gained control of the oil fields as a result of ISIS invading the area. Kurdish reserves are estimated to be at 45 billion barrels of oil. The Kurds can move approximately 700,000 barrels per day. The oil and gas pipelines run through primarily Kurdish territory on their way to the open market.Turkey’s President Recep Erdogan has threatened to close off the flow of Kurdish oil. “Who are they going to sell the oil to? If we close the valve, their income is gone too.”

Turkey and Iraq have been completing joint military exercises since the Kurds voted for their independence. President Erdogan is also quoted as saying, “We may arrive one night, suddenly.”

https://www.bloomberg.com/news/articles/2017-09-25/turkey-warns-iraq-kurds-it-can-close-the-valves-on-oil-exports

October 13, 2014: Iraqi troops are on the move towards Kirkuk. The Iraqi government wants to retake control of the oil fields currently managed by the Kurds. Iraq has deployed troops about 10 km (6 miles) south of Kirkuk. The Iraqi Counter-Terrorism Squad is on location. And the 9th Armored Division of the Iraqi Army is nearby in Tazza.

Iraqi Prime Minister Haider Al-Abadi does not want to engage the Kurds, but “federal authority has to be imposed in Kirkuk and the disputed areas.”

For their part, the Kurds are sending thousands of troops for reinforcement to Kirkuk.

“We call on all components of the Kurdish people…to prepare fully to respond to those who want war and battle, and to support the Peshmerga forces by all means in order to save the cities of Kurdistan. We want to avoid our cities becoming like Mosul, Anbar and other Iraqi cities which have been afflicted by mass murder, devastation, and destruction.” -Nejervan Barzani, Prime Minister of the Kurdistan Regional Government (KRG)

http://www.arabnews.com/node/1177221/middle-east

Here is a thought. Jeremiah 51 promises the future destruction of Babylon. Are we entering this time and event?

Jeremiah 51:28-29 Prepare the nations for war against her, the kings of the Medes, with their governors and deputies, and every land under their dominion. The land trembles and writhes in pain, for the LORD’s purposes against Babylon stand, to make the land of Babylon a desolation, without inhabitant.

 

Rapture Promo

Available in ebook and paperback at Amazon.com

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https://www.smashwords.com/books/view/731160

Also available online at Barnes & Noble, iBooks, Kobo, and Inktera

Paul the Poke

Habakkuk 1:5 Look among the nations, and see; wonder and be astounded. For I am doing a work in your days that you would not believe if told. -LORD God

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