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Saudis Arabia, US On High Alert After Warning Of Imminent Iranian Attack; US Prepared To Respond
Saudis Arabia, US On High Alert After Warning Of Imminent Iranian Attack; US Prepared To Respond With oil prices set to soar after the midterms as the SPR drain ends and markets no longer have desperate democrats to help fulfill their immediate energy needs, moments ago the WSJ unveiled another potential oil price powder keg, so to […]
Saudis Sought Oil Production Cut So Deep It Surprised Even Russia
SAUDIS SOUGHT OIL PRODUCTION CUT SO DEEP IT SURPRISED EVEN RUSSIA OPEC+ slashed oil production following a Saudi pressure campaign that experts say aims to hurt Democrats in the midterms. THE SAUDI-LED oil cartel OPEC+’s announcement earlier this month that it was cutting 2 million barrels of oil per day — a move that would drive […]
Saudis Use Orwellian App to Identify Dissidents, Imprisoning Some for Decades
Saudis Use Orwellian App to Identify Dissidents, Imprisoning Some for Decades FILE PHOTOS. (Credit: Facebook / @kamnapp; Saudi Media Ministry) Saudi Arabians are using a mobile app sold by both Apple and Google to snitch on their fellow citizens for dissenting against government authorities. As a result, activists and others are going to prison for […]
Saudi Prince Delivers a Message About the Second Cold War
SAUDI PRINCE DELIVERS A MESSAGE ABOUT THE SECOND COLD WAR Saudi Prince Abdulaziz bin Salman (ABS) said this week that OPEC+ may need to cut oil production. This may be necessary, he said, to correct problems in the market because “the paper and physical markets have become increasingly more disconnected.” This is rhetorical theater. It has no real […]
Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation
Exclusive: Saudi Arabia doubles second-quarter Russian fuel oil imports for power generation People walk near power plant number 10 at Saudi Electricity Company’s Central Operation Area, south of Riyadh, April 27, 2012./File Photo Summary This includes content produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. Kingdom burns Russian fuel […]
War with Iran
War with Iran The United States, Saudi Arabia and Israel, responsible for military fiascos, hundreds of thousands of deaths and innumerable war crimes in the Middle East, are now plotting to attack Iran. Biden at Bat – by Mr. Fish The United States, Israel and Saudi Arabia are plotting a war with Iran. The 2015 […]
After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity
After Biden Rehabs MbS’ Image, Saudis Announce Increase In Oil Production Capacity After Joe Biden’s red carpet fist bump with the “pariah” it appears Crown Prince Mohammed bin Salman got what he wanted – namely the necessary optics of being deemed “back in” with Washington and having his blood stained reputation rehabilitated on a global stage, signaling […]
Is Saudi Oil Production At Capacity?
Is Saudi Oil Production At Capacity? Use it or lose it – this principle might apply to Saudi Arabia’s oil production capacity that is now eyed by the Western world to fill the Russia-sized gap in supply left behind by embargoes. However, as Statista’s Katharina Buchholz details below, Saudi Arabia in the past three years only approached its declared […]
Is Saudi Arabia Exaggerating Its Oil Production Potential?
Is Saudi Arabia Exaggerating Its Oil Production Potential? For years, Saudi Arabia has made some pretty hefty claims about its oil potential. It is becoming increasingly clear, however, that the Kingdom may be stretching the truth a little too far. Analysts are now beginning to doubt that Saudi Arabia even has the reserves it says […]
Running on Empty, Part IV
Running on Empty, Part IV How the War between Russia and Ukraine is Destroying the Petrodollar System Welcome to Part IV of Running on Empty, my four-part analysis of the Petrodollar system. Part I of this series explained that the US dollar is the world’s first reserve currency that is not backed by precious metals. Instead it is […]
Running on Empty, Part II
Running on Empty, Part II How the Petrodollar Poisoned Foreign Policy with Financial Profiteering Welcome to Part II of Running on Empty, my three-part analysis of the Petrodollar system. Part I of this series explained what the petrodollar system is, how it came to be, and what its financial effects have been on the United States. In Part […]
Saudi Arabia warns that the world is running out of energy capacity: ‘I have never seen these things’
Saudi Arabia warns that the world is running out of energy capacity: ‘I have never seen these things’ The EU is planning a complete ban on Russian oil imports. iznashih/Getty Images Saudi Oil Minister Prince Abdulaziz bin Salman warned Tuesday that the world is “running out of energy capacity at all levels.” “I am a dinosaur, […]
Collapse Is Happening Before Our Eyes
Collapse Is Happening Before Our Eyes Analysts and authors, myself included, have been warning about the collapse of the dollar as the global reserve currency for years. I described this prospect in my first book, Currency Wars (2011), and in several other books in the years since. This process can take many years. For example, the decline […]
The Petrodollar Collapse is Here! Disaster for U.S.
The Petrodollar Collapse is Here! Disaster for U.S.
US dollar’s dominance in oil markets may face challenge as Saudis reportedly eye yuan-based sales deal with China
US dollar’s dominance in oil markets may face challenge as Saudis reportedly eye yuan-based sales deal with China Saudi Crown Prince Mohammed bin Salman and Chinese President Xi Jinping. Lintao Zhang/Getty Images Saudi Arabia is in talks to sell oil to China and be paid in yuan, according to the Wall Street Journal. For nearly 50 […]
