Tag Archives: oil price

OIL PRICE LEADS to GOG-MAGOG INSTABILITY

Oil price remains soft, affecting the Russian economy . Current crude price is around $54 US, but Russia’s cost of production is over $60 US so they loose money on every barrel! Their economy is in a shambles. Iran is near economic collapse due to the US sanctions, plus what little oil they can sell is going cheap.

All this downward pressure on oil price is amazing considering the bombing in Saudi Arabia and blowing holes in an Iranian oil tanker. World demand is soft, even though the US economy continues to hum along.

Then we have the adventurism of Turkey which is going to bring crippling sanctions from the US. Not going to be good for their economy.

These three countries make up the old empire of GOG & MAGOG, and this economic pressure will add to their unrest, tempting them in the future to strike out. Syria is being divided by these countries, and their alliance will only grow stronger.

There are so many moving parts to the path we are on that only with GODS WORD can we be assured of our destination.

Praise GOD!

GOD BLESS!