Russia and Saudi Arabia are “very, very close” to a deal to cut oil production and settle the oil price war
How Low Can Oil Go? One Forecast Sees $5 a Barrel
3-19-20, Bloomberg --Oil traders struggling to navigate one of the biggest oil crashes in history say the worst is yet to come. Even after plunging about 60% this year to the lowest since 2003. Eighteen of 20 oil and products traders recently surveyed see Brent falling to $20 a barrel or lower, with West Texas Intermediate seen $3 to $5 below that.
The Oil Price War
4-6-20, The Washington Times -- The oil price war between Russia and Saudi Arabia has rocked global markets, the head of Russia’s sovereign wealth fund RDIF recently said. Since the coronavirus outbreak, oil demand has plummeted by roughly 20 million barrels per day — almost a third of its standard traffic — and oil prices have fallen over 60% since the beginning of the year as both Saudi Arabia and Russia have opened wide their pipelines. CEO of the Russian Direct Investment Fund Kirill Dmitriev told CNBC that “the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close.”
50% of Fracking/Shale Companies in US Heading for Bankruptcy
3-14-20, VeteransToday.com -- A decade ago, the shale industry barely existed, and falling oil prices cushioned the blow to the US economy by making energy cheaper. Today, an oil market bust could pretty quickly plunge Texas, North Dakota and Appalachia, among other places, into a recession.
Oil Companies on Tumbling Prices: 'Disastrous, Devastating
3-31-20, NYTimes -- With the coronavirus pandemic all but eliminating travel and commutes ... And American oil companies are dropping rigs, dismissing fracking crews; production are expected to fall in 2020 by $100 billion, or 17 percent below ... Trent Latshaw, president of Latshaw Drilling, an oil service company active in Texas and Oklahoma said: “The picture looks bleak,” said with only 10 of its 41 rigs currently deployed. “We have never had this situation where you have a huge increase in supply and a huge decrease in demand at the same time. Oil prices are down to $20 a barrel, and we don’t know where the bottom is.”
Read the Bible here
The Lord Jesus said to:
"PRAY & WATCH"
Mark 13:33, 37
✝️ 6-27-20, The lawlessness we are now seeing on America's streets ... who are these young people? The kids raised under liberal theories forcing parents to withhold discipline from their children & taught liberal leftist dogma in the government schools & universities - now they are unruly selfish hateful barbarians. God said to train up children & they wouldn't depart from it [Proverbs 22:6] □□ ... true for evil □ as well as good □ behaviors. More here: https://bit.ly/3i55gQf
□ 8-25-20, NASA reports a small asteroid is headed to earth & will land on Nov 2, 2020 day before US presidential election. They say not to worry as it's only a seven footer. Some officials aren't so sure about not worrying after the 66 footer hit Russia in 2013. God said He'd send signs in the heavens and the earth. There are plenty of 'em too: eclipse of sun & moon, meteors, tornadoes, earthquakes, volcanoes smoke turning day to night & so much more. Joel 2:30, Revelation 13:13; Luke 21:11, 25; Acts 2:19 □□
✝️ 5-27-20, See Romans 13:11; James 5:8; 1 Peter 4:7; 1 Thessalonians 2:19; Titus 2:13; 1 Cor 15:51-52, Rev 11:15 Scripture tells us that "The coming of the Lord is at hand;" but thousands of years have passed without the Lord’s coming. We must remember that one thousand years are like one day to God (Psalm 90:4; 2 Peter 3:8). The rapture will happen without warning at any time and believers in the Lord Jesus must be ready at all time. Certain current events cause us to believe we are near the Lord’s trumpet call and that the rapture of the church is ‘at hand.
✝️ 7-11-20, The weight of the 'world's sin' ... the infinite blessings and resources of our salvation in Christ are described as providing the power of surpassing greatness, the grace of surpassing richness, the peace which surpasses all understanding. Thank YOU, Lord. John 1:29; Revelation 5:12; Philippians 4:7
✝️ 7-9-20, When the Lord Jesus was on the cross and the people scorned and scoffed; His great love for all ignorant uninformed sinners showed forth. He died for all sinners. Romans 5:8; Luke 23:34 However, after we are aware we're no longer ignorant of Who He was and 'what we do;' THEN we are all responsible if we reject Christ. John 3:17-18
6-29-20, Jesus said, 'Obey Me!' John 14:15; 1 John 2:3, 3:22 Of course we are forgiven when we sincerely pray for forgiveness turning our lives to the Lord Jesus. We must intend to sin no more ... if we do ... quickly repent as we didn't INTEND to. John 8:11 More here: https://www.gotquestions.org/go-and-sin-no-more.html
✝️ 6-12-20, The Lord □Jesus' mom, Mary's cousin Elizabeth's son John the Baptist was brutally killed because of a wicked hateful woman. Her foolish husband, King Herod - although he liked John; had him executed because of a promise - he musta been drunk - to make such a promise to his wife's daughter, Salome who's mom, Herodias wanted John dead. Matthew 14:3-11; Mark 6:14-29; Luke 9:7-9
✝️ 6-11-20, Regarding forgiveness: the Lord □ Jesus clearly taught that marriage was between a husband & wife. [Matthew 19:5; Mark 7:21] He loves all sinners both the heterosexual & homosexual. He promises forgiveness to everyone who repents coming to Him for salvation. He told the woman caught in adultery: "Go and sin no more.” Matthew 11:28
✝️ 6-9-20, The Lord □ Jesus explained to Nicodemus that he must be 'born again' [John 3.3, 7]. In Utah I've heard some LDS people scoff and ridicule believers in Christ who are 'born again.' Those who scorn are lost; Jesus clearly said to 'marvel not that you must be born again'; without Christ we are lost. John 3:17-18
✝️ 6-8-20, Jesus is God; He came to save sinners. “For He [Jesus] Whom God sent speaks the words of God: The Father loves the Son & has given all things into His hand. He that believs on the Son hath everlasting life & they that believes not the Son shall not see life; but the wrath of God abideth on them.” John 3:34-36
✝️ 6-7-20, The Lord □ Jesus spoke from the cross first of forgiveness, salvation then of His Mother's care into John's hands. He spoke of being forsaken & then triumph as His task as human was complete shedding His perfect blood for the forgiveness of sins to all who repent believing in Him. His body was thirsty. And last of His reunion with the Father. Matthew 27:46; Luke 23:34, 43, 46; John 19:26-28, 30; Mark 15:34
✝️ 6-3-20, Interesting the different duties of God's arch angels. Michael is a warrior who will defeat Satan and Gabriel was/is God's messenger appearing to: Prophet Daniel 8:15-17, 9:21-24 ... Zacharias, father of John the Baptist, Luke 1:11-18... Mary, Mother of Jesus, Luke 1:26-31... Joseph, Husband of Mary, Matthew 1:20-24, 2-13
✝️ 6-2-20, In appx 530 BC the Lord God of Israel chose the Persian [aka Iran] King Cyrus to protect and help the Jewish exiles in Babylon. Who would come back and rebuild Solomon's Temple in Jerusalem where now - since 688 AD - a Muslim mosque sits. Mark 13:14; Isaiah 45:4-6, 9, 12-13. World Without End. Ephesians 3:20-21
2 Thessalonians 2:10-12; Jeremiah 1:5; Galatians 6:7; 1 Thessalonians 5:4
✝️ 5-7-20, Sins □ Jesus Harshly Condemns; He said, “God knows our hearts: for that which is highly esteemed among men is abomination in the sight of God. V9 For all those who exalt themselves will be humbled, and those who humble themselves will be exalted.” [Pride] Luke 16:15, 18:9-14; Hebrews 1:8-9
✝️ 4-30-20, When the Lord □ Jesus Mother told her son that at the Cana wedding celebration there was no wine - I wonder if the Lord did little miracles around the house so Mary knew of His abilities expecting Him to quickly whip up some good wine. And He did! The Lord's first miracle on earth water into wine. John 2:1-11
✝️ 4-28-20, The Lord □ Jesus, in the book of Matthew, lists what’s called the “Beatitudes.” He lists the items in our lives in His 'Sermon on the Mount' that examine our values, vision & habits to wholehearted obedience to God. We seek His forgiveness & acceptance for eternal life with Him; this is the good news 'Gospel.' John 14:6; Matthew 5:1-48, 6:1-34, 7:1-28.
✝️ 4-14-20, Based on the behaviors of some church goers; apparently they think God is like an old lenient Grandpa winking at deliberate unrepentant sin. Even sins that are done repeatedly with no remorse. Because the Lord God loves us so much, He generously warns us ... He has a book where names of forgiven sinners are recorded. Almighty God demands us to honor and obey Him. Revelation 1:18, 3:5, 20:1; Malachi 3:16 □□
Sixteen min video here
The Bible at the click of a button: when you’re:
Terrific Free Bible App for Cell Phone here
Read the Bible
Disclaimer: No violation of Copyright Law intended for any images or work presented - with no financial gain.
17 U.S. Code § 107
Law for "Fair Use"