This Week on Turning Hard Times into Good Times What’s really Going on With Oil? F. William Engdahl and Michael Oliver return. Mainstream media tells us oil prices are collapsing because Iran is shipping more oil and demand from China is weak. Engdahl explains why most if not all of the reasons given really are a Wall Street elite setting us up for an explosive turn upward. We will explore the bigger picture of the U.S./Saudi alliance as it pertains to the petrodollar and the U.S. dollar retaining reserve currency status. Also, to what extent is trade between Russia and China hiding strength in their respective economies? To what extent is the absence of that trade with the West contributing to growing weakness of other commodity producing nations? What about reports that Russia is selling oil to China in exchange for gold? That and many more questions will be asked of Mr. Engdahl. Then, we will seek Michael Oliver’s views on the oil markets from a technical viewpoint. Does Michael think we could be nearing a major price turn for oil any time soon? F. William Engdahl F. William Engdahl is an award-winning geopolitical analyst, strategic risk consultant, author, professor and lecturer. After earning a degree in politics from Princeton University and graduate study in comparative economics at Stockholm University, he worked as an economist and investigative freelance journalist in New York and Europe. He has been researching and writing about the world political scene for more than thirty years. His various books on geopolitics have been translated into 14 foreign languages from Chinese to French, from German to Japanese. His most recent works trace the strategies and events that led to the rise of the US as an international superpower after 1945, a new kind of Empire not based upon sole occupation of land, but control of vital resources (finance, the basic food chain, energy, in particular oil) as the basis for what would become the greatest concentration of power in history, after the collapse of the Soviet Union. J. Michael Oliver J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX. In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology. In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992.Oliver is the author of The New Libertarianism: Anarcho-Capitalism. The Korelin Economic Report – Technical Analyst Richard Postma, M.D., and much, much more: Go to listen to some excellent Daily market commentary by a brilliant technical analyst Richard Postma, MD. Doc does an almost daily market evaluation using his technical tools. I have found him to be superb. You can listen to him and other commentary from the Korelin Economic Report here: http://jaytaylormedia.com/ker/ or go directly the www.KeReport.com . I would also suggest you go to the home page of www.JayTaylorMedia where not only my commentary but comments from Koos Jensen, the Daily Pfennig, Who What Why, the Mises Institute, the Daily Reckoning, David Stockman, and many more sources are posted. A partial list of special guests on Turning Hard Times into Good Times thus far: Bill Murphy, Brent Cook, Chen Lin, Daniel McAdams, David Jensen, Rep. J. DioGuardi, Rep. Ron Paul, David Tice, Dick Bove, Doug Casey, Eric Coffin, Eric Sprott, Frank Holmes, G. Edward Griffin, Howard Davidowitz, Ian Gordon, Ian McAvity, James Turk, Jeff Deist, Jim Rogers, John Hathaway, John Perkins, John Williams, Laurence Kotlikoff, Marc Faber, Prof. Robert Auerbach, Matthew Simmons, Mish Shedlock, Peter Grandich, Richard Maybury, Rick Rule, Robert Prechter, Vincent Bugliosi, & Lewis Lehrman. Down load recent shows here: http://jaytaylormedia.com/audio/ JayTaylor Media