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Tag Archives: middle east
The Mystery Of Saudi Treasury Holdings Solved: US Reveals Saudi Holdings For The First Time
The Mystery Of Saudi Treasury Holdings Solved: US Reveals Saudi Holdings For The First Time In the aftermath of Saudi Arabia’s explicit threat to sell off US Treasurys (of which according to the NYT it had some $750 billion) should the US pursue legislation that could hold it liable for the September 11 bombings, Wall Street’s analysts quickly tried […]
China Warns US: “Don’t Disturb” Hong Kong Social Order; Threatens “Bad Reaction”
China Warns US: “Don’t Disturb” Hong Kong Social Order; Threatens “Bad Reaction” Over the past few months, tensions have been high between the U.S. and China. Events such as China denying USS John C. Stennis and its escort ships access to a Hong Kong port showed just how strained relations have become between the two countries, and with […]
Where On The Titanic Would You Like Your Deck Chair, Ma’am?
Where On The Titanic Would You Like Your Deck Chair, Ma’am? Last week I had the enticing experience of being denounced as a racist on one blog and castigated as a social justice warrior on another. As my regular readers know, such entertainments have been anything but rare since I launched The Archdruid Report just under ten […]
Tomgram: Michael Klare, The Coming World of “Peak Oil Demand,” Not “Peak Oil”
Tomgram: Michael Klare, The Coming World of “Peak Oil Demand,” Not “Peak Oil” In a Greater Middle East in which one country after another has been plunged into chaos and possible failed statehood, two rival nations, Iran and Saudi Arabia, have been bedrock exceptions to the rule. Iran, at the moment, remains so, but the […]
Why the Saudi Princes are Panicked
Why the Saudi Princes are Panicked The Saudi deputy crown prince, Mohammed bin Salman, recently pulled the plug on an output freeze deal that was scheduled to have been signed by oil producers in Doha, Qatar. Since then, the press has been filled with the same story: Prince Mohammed was offended because Iran was a […]
“China Is Hoarding Crude At The Fastest Pace On Record”
“China Is Hoarding Crude At The Fastest Pace On Record” In the aftermath of China’s gargantuan, record new loan injection in Q1, which saw a whopping $1 trillion in new bank and shadow loans created in the first three months of the year, many were wondering where much of this newly created cash was ending up. We […]
“China Is Hoarding Crude At The Fastest Pace On Record”
“China Is Hoarding Crude At The Fastest Pace On Record” We now know where most of it went: soaring imports of crude oil. We know this because as the chart below shows, Chinese crude imports via Qingdao port in Shandong province surged to record 9.86 million metric tons last month based on data from General Administration of Customs. As […]
Andrew Bacevich and America’s Long Misguided War to Control the Greater Middle East
ANDREW BACEVICH AND AMERICA’S LONG MISGUIDED WAR TO CONTROL THE GREATER MIDDLE EAST THE CONVICTION that invasion, bombing, and special forces benefit large swaths of the globe, while remaining consonant with a Platonic ideal of the national interest, runs deep in the American psyche. Like the poet Stevie Smith’s cat, the United States “likes to gallop about […]
Stunning Photos Of Huge Oil Supertanker Lines Forming “World’s Biggest Traffic Jam”
Stunning Photos Of Huge Oil Supertanker Lines Forming “World’s Biggest Traffic Jam” “It may be the world’s biggest traffic jam.” – Reuters Last week we revealed what we thought was a “shocking photo” of nearly 30 oil tankers caught in a traffic jam off the Iraqi coast, an indication of just how […]
Unfolding The World’s Biggest Oil Bribery Scandal
Unfolding The World’s Biggest Oil Bribery Scandal Last week, a sweeping investigative report published by The Huffington Post and Fairfax Media put a little known Monaco-based company, Unaoil, at the center of a wide-ranging bribery scandal that involved dozens of corporate giants from around the world. The article calls it the “world’s biggest bribe scandal.” After spending […]
Iran Oil Minister Rejects Saudi Demand To Freeze Crude Production
Iran Oil Minister Rejects Saudi Demand To Freeze Crude Production In the aftermath of Bloomberg’s surprising Friday report, according to which Saudi Arabia flipflopped on its previous promise that it would freeze its oil output while allowing Iran to grow supply until it hit its pre-embargo peak, instead saying that it would only join the […]
“Unprecedented Leak” Exposes The Criminal Financial Dealings Of Some Of The World’s Wealthiest People
“Unprecedented Leak” Exposes The Criminal Financial Dealings Of Some Of The World’s Wealthiest People An unprecedented leak of more than 11 million documents, called the “Panama Papers“, has revealed the hidden financial dealings of some of the world’s wealthiest people, as well as 12 current and former world leaders and 128 more politicians and public […]
Always Attack the Wrong Country
Always Attack the Wrong Country Chor Boogie There are numerous tactics available to those who aim to make problems worse while pretending to solve them, but misdirection is always a favorite. The reason to want to make problems worse is that problems are profitable—for someone. And the reason to pretend to be solving them is […]
Growing International Movement Seeks to Place Arms Embargo on Saudi Arabia
GROWING INTERNATIONAL MOVEMENT SEEKS TO PLACE ARMS EMBARGO ON SAUDI ARABIA A LAWSUIT FILED last week in Canada is seeking to halt a major $15 billion sale of light-armored vehicles to the government of Saudi Arabia, part of a growing international movement to stop arms sales to the Saudi government over its alleged war crimes in Yemen. The suit, […]
A European PATRIOT Act Will Not Keep People Safe
A European PATRIOT Act Will Not Keep People Safe It was not long after last week’s horrifying bombings in Brussels that the so-called security experts were out warning that Europeans must give up more of their liberty so government can keep them secure from terrorism. I guess people are not supposed to notice that every […]
