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Exclusive: “And It’s Gone… It’s All Gone” – The One Gold Scandal That Goes To The Very Top

December 25, 2015

Exclusive: “And It’s Gone… It’s All Gone” – The One Gold Scandal That Goes To The Very Top Long before Turkey was flagrantly arming and funding the CIA-created “terrorist organization” known as ISIS, there was another, far more elaborate way in which Turkey was flaunting international sanctions against an ostracized state – in this case Iran – which involved an epic […]

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NATO Is Harboring ISIS, And Here’s The Evidence

November 25, 2015

NATO Is Harboring ISIS, And Here’s The Evidence For the better part of a year, Turkey remained on the sidelines in the “fight” against ISIS. Then, on July 20, a powerful explosion ripped through the town of Suruc. 33 people were killed including a number of Socialist Party of the Oppressed (ESP) and Socialist Youth Associations Federation […]

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Why It Really All Comes Down To The Death Of The Petrodollar

August 23, 2015

Why It Really All Comes Down To The Death Of The Petrodollar Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%. The rationale behind the move was clear enough. The plunge in crude prices along with the relative weakness of the Russian […]

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Kuwait “Over-Supply” Concerns Send WTI Tumbling Back To $42 Handle

March 19, 2015

Kuwait “Over-Supply” Concerns Send WTI Tumbling Back To $42 Handle Reversing all of yesterday’s FOMC-inspired idiocy, WTI has plunged back to reality this morning. Following comments by Kuwait’s comments that OPEC had no choice but to keep production steady, refocusing the market on global oversupply, April WTI is back down to a $42 handle. All of […]

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Iran will weather oil price slide, Saudi Arabia will suffer – Rouhani

January 14, 2015

Iran will weather oil price slide, Saudi Arabia will suffer – Rouhani Iranian President Hassan Rouhani said Tuesday that Iran can cope with the economic turmoil of falling oil prices, adding that Saudi Arabia and Kuwait will be harder hit. Rouhani said that while oil now only accounts for one-third of Tehran’s budget, some of […]

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Oil Producers Betting on Price Drop With OPEC Not Curbing Output

January 12, 2015

Oil Producers Betting on Price Drop With OPEC Not Curbing Output The oil industry was listening as OPEC talked down crude prices to a more than five-year low. Drillers, refiners and other merchants increasedbets on lower prices to the most in three years in the week ended Jan. 6, government data show. Producers idled the most […]

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Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge

December 14, 2014

Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next | Zero Hedge. In space, no one can hear you scream… unless you happen to be Venezuela’s (soon to be former) leader Nicolas Maduro, who has been doing a lot of screaming this morningfollowing news that UAE’s Energy Minister Suhail Al-Mazrouei said OPEC […]

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There Are 300,000 Iraqi Barrels Signaling Oil Glut Will Deepen – Bloomberg

December 3, 2014

There Are 300,000 Iraqi Barrels Signaling Oil Glut Will Deepen – Bloomberg. Not only is OPEC refraining from cutting oil output to stem the five-month plunge in prices, it’s adding to the supply glut. Just five days after the Organization of Petroleum Exporting Countries decided to maintain production levels, Iraq, the group’s second-biggest member, inked […]

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