"Who Is Behind The Oil War, And How Low Will The Price Of Crude Go In 2015? ", The Economic Collapse – 12/31/2014
"Russian economy attacked through oil prices – Obama", RT – 12/30/2014
"Why oil prices keep falling — and throwing the world into turmoil", Vox – 12/31/2014
"Eight countries that win and lose big from oil plunge", USA Today – 12/16/2014
"Russia’s Economy Stalls Amid Western Sanctions, Oil Price Drop", The Wall Street Journal – 10/22/2014
Bible Prophecy Commentary – Economy of Global Oil – A House of Cards:
The price per barrel of oil keeps plummeting and gas prices at the pumps are dropping fast. So what does all this mean to the world's economy? It could be very significant in terms of geopolitics, wealth transfer, military capabilities, etc. In other words, it could mean alot. Oil is like gold and these days it could eventually be worth more than gold as gold seems a little hard to find, at least as monetary backing (i.e. Germany and here).
Look at what's happening to Russia since the price of oil has taken a dive. The sanctions put in place by the West and the drop in oil prices is wreaking havoc on their nation. The big question is what will become of this deep plunge in oil prices? Now that's a world-wide question … and problem! Could this be a trigger for the global collapse of the world economic system? Will this push Russia into a corner resulting in a possible nuke thrashing to the nations responsible? Could this be the catalyst that initiates WWIII or wars that preclude it? Or is this about nation against nation, kingdom against kingdom as foretold by Christ in Matt 24? Or all the above?
At any rate, I think it's too early to tell but things are ramping up quickly as we know that perilous times (2 Tim 3:1-5) are ahead for the world's economic situation. This oil tumble could very well be a spark to a global financial tumult raging on the horizon since so many people and nations base their lives around oil consumption, pricing, byproducts and availability. Stay tuned everyone as this might be bigger than anyone thinks.
Pray for the peace of Jerusalem – Psa 122:6 (KJV)
Coram Deo
-BPWatcher, Internet Preacher and Bible Prophecy Watchman
BLACK HORSE – Third Seal – Global Economic Collapse!!
"And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine. " -Rev 6:5-6 (KJV)
