More on Global Food Shortages and relationship to Oil prices…
Today President Hugo Chavez presented a tax hike to his foreign oil companies (we are the foreign oil companies) take a look at part of this report, click here for full coverage: AP Reports,Venezuela approves windfall oil tax
CARACAS, Venezuela (AP) – Venezuela moved Tuesday to take a greater cut of windfall oil profits, approving a 50 percent tax on foreign oil companies when crude tops US$70 a barrel.
Revenues from the tax could reach US$9 billion (euro5.7 billion) annually, Oil Minister Rafael Ramirez said after meeting with lawmakers.The tax rate would rise to 60 percent when the average monthly price for benchmark Brent crude exceeds US$100, according to the bill approved by Venezuela’s National Assembly. The legislation will take effect as soon as it is published in the official gazette.Venezuela imposes windfall tax on oil producers; Market Watch from Dow Jones
Venezuela Passes New Oil Tax; Wall Street Journal.com
From Bloomberg.com: “There were nasty inflation numbers and that tends to make people want to buy commodities,” said David Cockfield, who helps manage about $2 billion at Leon Frazer Associates Inc. in Toronto. “I wouldn’t be surprised to see oil march up to $125 a barrel.” for full article click here.
From my human and uneducated perspective I do not see how the economy is going to bounce back from this one in the near future. If it were to somehow pull out of this quandry it would seem to me that it would be an act of some sort of Charismatic Super Power World Leader, aka the ‘Anti-christ?’ In my opinion, and I don’t have the background to make such a leap but just follow my thinking, (1)the mass global food shortage + (2) the falling global economy + (3) the rise in oil prices which is driving up food and (4) our dollar is at an all time low= the perfect precepitators for a storm that the Anti-Christ could possibly solve. I make this huge leap based of many other attributes as well not just the economy alone. To quote Al Gore, “We have to think Globally and act locally!” (I can’t believe I can actually use something this man came up with! LOL see it is the end of days!) Okay, in all seriousness!
Globally the stage is being set, we see this with ‘ethnos vs. ethnos’, Famine, pestilences, the great falling away, global insecurity, etc. I do not doubt the Lord can come back at any time and take us out of here, I do know that God is a God of order and because a successive number of ’signs’ must take place directly after the rapture I have always felt the Lord would then have everything in place shortly before His return for the bride. Now because of this orderly attribute I have remained watchful and ready and only see the continuation of His plan, again, The Lord alone is soverign and no one knows the day nor the hour, I know this and Praise Him for this. All I’m saying is Watch, and Be Ready!*Both Koinonia House (Chuck Missler) and Moriel Be-Alert (Jacob Prash) have published articles in the recent week concerning; ‘Beware the Black Horse.’ you can visit their sites respectively –look to left on Links. I’m not the only one Waiting for the Lord! I know there’s more of us out there! Be praying for the Remnant, let us keep watch and not give up, We must Contend for the Faith till the very last breath!
