Oil Price: The United States and Saudi Arabia have been discussing the idea of setting up an oil accord, Bloomberg reports, citing Energy Secretary Dan Brouillette. Such an agreement would effectively amount to a cartel, which, by definition, is a group of independent market participants agreeing to act together to influence the market in a way favorable to them.
For now, however, this is just an idea that some officials in the Trump administration support. The chance of it becoming anything more is unclear, according to Brouillette.
“There are many, many ideas that are floated around the policy space, that is one of them,” the U.S. Energy Secretary told Bloomberg in an interview. Read More …
Opinion: This is one idea that is floating around that ties together an important prophecy which has baffled Bible students like me for years.
The scene is the war of Gog and Magog, Ezekiel 38-39. In a desperate attempt to end Israel’s growing (energy) wealth, Russia forms an alliance with Turkey, Iran, and at least 4 North African countries to attack the Jewish state and put an end to it once and for all.
Ezekiel foresaw three world powers that would be incapable of coming to Israel’s rescue.
“Sheba, Dedan, the merchants of Tarshish, and all their young lions will say to you, ‘Have you come to take plunder? Have you gathered your army to take booty, to carry away silver and gold, to take away livestock and goods, to take great plunder?’ ”
When my friend Vason sent me the headline at top, it stopped me in my tracks.
- Sheba and Dedan are cities in Saudi Arabia
- The merchants of Tarshish likely represent Phoenician traders from Spain who brought back tin/silver from Britain (Britannia is actually derived from a Phoenician word meaning “source of tin”)
- The lion has always been the symbol for Britain – therefore, young lions may represent America and Britain’s many colonies.
While all three nations are depicted as powerless, none will be needed for Israel’s victory:
“I will call for a sword against Gog throughout all My mountains,” says the Lord God. “Every man’s sword will be against his brother. 22 And I will bring him to judgment with pestilence and bloodshed; I will rain down on him, on his troops, and on the many peoples who are with him, flooding rain, great hailstones, fire, and brimstone” Ezekiel 38:21-22.
Ezekiel foresaw a US, Saudi Arabia, and British relationship. So, we have three more pieces of the prophecy to watch for: The cartel formation, Britain joining in the US/Saudi cartel, and later, all three becoming powerless.