According
to a report released by Citigroup this month, Saudi Arabia may run out of oil
to export within 20 years—much sooner than previously thought. This is a
worrisome development, as Saudi Arabia is currently the world’s greatest net
exporter of crude oil.
Making the situation worse, local consumption in Saudi Arabia is rocketing, reportsTelegraph business
editor Ambrose Evans-Pritchard.
With less available oil to satiate its growing national
appetite, Saudi Arabia may begin protecting its own energy interests, giving
other oil-producing nations like Iran and Iraq a chance to dominate the market.
Last year Saudi Arabia was the top oil exporter of
the world, with Iran coming in at third. As Saudi oil becomes harder to come
by, Iranian oil will become a more favorable option. This oil crunch, along
with controlling sea lanes through which the precious commodity ships, places
Iran’s hands firmly on the oil spigot coming out of the Middle East.
Highlighting a prophecy found
in Daniel 11:40, Trumpet editor
in chief Gerald Flurrywrote
in 1998, “The king of the south [Iran] will most likely use oil as a big part
of his push. Europe is almost totally dependent on Middle East oil! So the push
will likely involve a cutting off of their oil supply.”
There are two vital points to
notice here. One: The king of the south will most likely use oil as a big part of his push. And two:
Europe is almost totally dependent on Middle East oil.
Mr. Flurry continued, “Daniel
11:40‑43 is an end-time prophecy. It is about a nation that is always pushy in its foreign policy. It pushes until
it starts a war. Having such power means that it must be a large oil-producing country”
(emphasis added).
The fact that Saudi Arabia’s demand for oil is increasing while
its own supply runs dry will only help make Iran’s oil to be in greater demand.
That might be the worst news oil-dependent Europe will ever hear.
Evans-Pritchard continued, “Jeremy Leggett, the head of the UK
Taskforce on Peak Oil and Energy Security, says Britain is sleepwalking into a
potential disaster by failing to prepare fully for a global supply crunch.”
Britain may be sleepwalking into a disaster, but you can be sure
that on the mainland countries are fully aware of the potential oil shortage
and will not allow themselves to be held over a barrel by Iran.
For more information on how
Iran is using oil as its stepping stone to a bigger push against Europe, read The King of the South. ▪
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