This was originally posted by Hisso in general chat, but I felt it belonged under commodities,
Anyway I have been talking with bankers over in the middle east and apparantly Iran was the instigator of this cartel, from what I'm told its their way of flexing their muscle and showing the world (ie US) how much power they have, kinda of like when for the first time ever Iran set up a system whereby Oil was sold in Euros rather than USD thus trying to break the Petro-dollar control of the USD, anyway this Gas Cartel has been brewing for some time.
Considering they would control 70% of the worlds Gas and apparantly Iran has a hell of alot of it, it looks interesting to say the least.
Mark your calendars for Monday, April 9. Highlight it with a big X. Or better yet, write R.I.P. in it.
You see, on that day, something we've been telling you about for months will finally come true:
The leaders of Russia, Iran, Qatar, Algeria and Venezuela will meet in Doha, Qatar to form a "Natural Gas OPEC."
Yes, you're reading that correctly. The OPEC for gas will be formed.
According to the Russian news source Kommersant . . .
"Kommersant has learned that last week some of the world's leading natural gas exporters reached a final agreement on the creation of a so-called 'gas OPEC.' The consortium of gas-rich countries, which at the moment includes Russia, Iran, Qatar, Venezuela, and Algeria, is due to be formally organized in the Qatari capital of Doha on April 9. The appearance of such a powerful player in the energy arena will undoubtedly meet with an extremely negative reaction from the United States and the European Union." --March 19, 2007
My friends, it's over. Finito. Caput. These guys will control 70% of the world's natural gas supply . . . and they won't think twice about jacking up the price.
And if you think I'm exaggerating, think again.
In a newly-minted memorandum , the Army's assistant chief of staff for installation management is more worried about natural gas than oil, saying . . .
"Current Army assumption is that natural gas may cease to be a viable fuel for the Army within the next 25 years based on price volatility and affordable supply availability."