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Oil Crashes To One Year Low, Brent Below $60 As Saudis Pump Record Crude
Oil Crashes To One Year Low, Brent Below $60 As Saudis Pump Record Crude Update: U.S. CRUDE EXTENDS LOSSES, TRADES DOWN MORE THAN $4 A BARREL TO SESSION LOW OF $50.63 A BARREL BRENT FALLS BELOW $60/BBL FOR FIRST TIME SINCE OCT. 2017 * * * The first time oil tumbled two weeks ago when […]
Does The U.S. Really Need Saudi Oil?
Does The U.S. Really Need Saudi Oil? “Saudi Arabia — if we broke with them, I think your oil prices would go through the roof. I’ve kept them down,” President Trump told reporters on Tuesday. “They’ve helped me keep them down. Right now we have low oil prices, or relatively. I’d like to see it […]
Nothing In Any Conspiracy Theory Is As Bad As What’s Being Done Out In The Open
Nothing In Any Conspiracy Theory Is As Bad As What’s Being Done Out In The Open Yesterday President Trump posted a statement on the White House website saying his administration will be standing with the House of Saud despite the CIA’s assertion that Crown Prince Mohammed Bin Salman personally ordered the murder of Jamal Khashoggi, a […]
Climate Change Action Would Kill Imperialism
Climate Change Action Would Kill Imperialism Photo Source Molly Adams | CC BY 2.0 Climate change action would kill imperialism, and that is why we can’t have it in America. American political power is based on fossil fuels, and the US military is the engine that consumes those fuels to produce that power. So long […]
The Impending Endgame In Oil Markets
The Impending Endgame In Oil Markets U.S. president Trump is facing strong internal pressure to punish Saudi Arabia in the coming days. For Washington, however, this could be a double-edged sword, as turning on Saudi Crown Prince Mohammed bin Salman could result in two unwanted major geopolitical consequences. The still fresh Jamal Khashoggi murder case […]
Saudis Cut Oil Exports To U.S. To Boost Crude Prices
Saudis Cut Oil Exports To U.S. To Boost Crude Prices Saudi Arabia has been slashing oil exports to the United States over the past two months, in what looks like a move to force a reduction in the world’s most transparently reported inventories that could put the Saudis on a collision course with U.S. President […]
Ottawa, Yemen and Guardian
Ottawa, Yemen and Guardian One has to admire the Canadian government’s manipulation of the media regarding its relationship with Saudi Arabia. Despite being partners with the Kingdom’s international crimes, the Liberals have managed to convince some gullible folks they are challenging Riyadh’s rights abuses. By downplaying Ottawa’s support for violence in Yemen while amplifying Saudi reaction to an innocuous […]
Saudis Scramble To Stop Oil Price Slide
Saudis Scramble To Stop Oil Price Slide Saudi Arabia is moving quickly to halt the slide in oil prices, telegraphing a production cut intended to erase some of the re-emerging supply surplus. Saudi oil minister Khalid al-Falih said on Monday that the kingdom would slash oil exports by 500,000 bpd in December, a move that […]
President Trump’s Iran Policy – Is It ‘Normal’?
President Trump’s Iran Policy – Is It ‘Normal’? It’s not often that US Government officials are honest when they talk about our foreign policy. The unprovoked 2003 attack on Iraq was called a “liberation.” The 2011 US-led destruction of Libya was a “humanitarian intervention.” And so on. So, in a way, Secretary of State Mike […]
Facebook Allows Governments to Decide What to Censor
Facebook Allows Governments to Decide What to Censor Photo Source Mike Mozart | CC BY 2.0 Facebook and other social media companies give governments free reign to censor political dissent on their websites – and that is not “fake news.” Facebook’s unholy alliance with government actors includes Israel, Saudi Arabia, and the United States. These […]
Saudi Arabia Is Evaluating A Break Up Of OPEC
Saudi Arabia Is Evaluating A Break Up Of OPEC In potentially groundbreaking news – which failed to generate a market response as it hit at the same time as the FOMC statement – Saudi Arabia’s top government-funded think tank is said to be studying the possible effects on oil markets of a breakup of OPEC, […]
WTI Slumps To $61 Handle After US Crude Production Soars To New Record High
WTI Slumps To $61 Handle After US Crude Production Soars To New Record High Despite sliding after last night’s API-reported big Crude and Cushing build, WTI has rebounded overnight amid a post-midterms tumbling dollar, but a larger crude build than expected from DOE, combined with a smaller gasoline draw, could lead to WTI “set to […]
The Global Economy and Political Murder: Why Trudeau Won’t Stop Arms Sales to Saudis
The Global Economy and Political Murder: Why Trudeau Won’t Stop Arms Sales to Saudis Photo Source 2017 Canada Summer Games | CC BY 2.0 Almost 5,000 miles from the city in which his corpse was secretly buried – in one piece or in bits – by his Saudi killers, Jamal Khashoggi’s murder now rattles the […]
The Fourth Turning & War of the Worlds
THE FOURTH TURNING & WAR OF THE WORLDS “In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a […]
Iran’s Powerful Hardline Cleric Threatens To “Instantly” Create $400 Oil By Seizing Tankers
Iran’s Powerful Hardline Cleric Threatens To “Instantly” Create $400 Oil By Seizing Tankers Just ahead of U.S. sanctions on Iran set to snap back on Monday targeting primarily the energy, shipbuilding, shipping, and banking sectors, Iran’s most prominent conservative cleric has announced that if oil exports are halted, Saudi tankers will be confiscated and Gulf countries […]
