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The Coming Collapse of Saudi Arabia
The Coming Collapse of Saudi Arabia They met in secret to plan a devastating attack… Two powerful men, colluding at a palace in the Middle East. In September 2014, U.S. Secretary of State John Kerry flew to Saudi Arabia. He was there to meet with King Abdullah, the country’s ruler and one of the […]
Why Saudi Arabia Has No Intention To End The Oil Glut
Why Saudi Arabia Has No Intention To End The Oil Glut In the geopolitical and oligopolistic global oil market, purely financial supply and demand has often been a secondary force, acting when it is allowed to act. It is the strategic behavior of the producing titans, not their talk or the slow-motion supply-demand balance, which […]
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics The Triumph of Politics All of life’s odds aren’t 3:2, but that’s how you’re supposed to bet, or so they say. They are not saying that so much anymore, or saying that history rhymes, or that nothing’s new under the sun. More and more theys seem […]
Energy Wars of Attrition: The Irony of Oil Abundance
Energy Wars of Attrition: The Irony of Oil Abundance Three and a half years ago, the International Energy Agency (IEA) triggered headlines around the world by predicting that the United States would overtake Saudi Arabia to become the world’s leading oil producer by 2020 and, together with Canada, would become a net exporter of oil around 2030. Overnight, […]
IA’s Dire Oil Forecast: $34 Crude Due To Far More Resilient Production, Oversupply And Lower Demand
IA’s Dire Oil Forecast: $34 Crude Due To Far More Resilient Production, Oversupply And Lower Demand Now that the massive USO-driven squeeze appears to be over (congratulations to whoever managed to sell equity and their secured lenders) the bad news can return. First, it was Goldman slamming the “unsustainable rally, and then just a few hours […]
Oil Fundamentals Could Cause Oil Prices To Fall, Fast.
Oil Fundamentals Could Cause Oil Prices To Fall, Fast. Oil prices should fall, possibly hard, in coming weeks. That is because fundamentals do not support the present price. Prices should fall to around $30 once the empty nature of an OPEC-plus-Russia production freeze is understood. A return to the grim reality of over-supply and the […]
“I’ll Go Full Power If There’s No Agreement” – Kuwait Breaks OPEC Production Freeze
“I’ll Go Full Power If There’s No Agreement” – Kuwait Breaks OPEC Production Freeze Back in late February, when crude prices had just hit a 13 year low, one catalyst unleashed a furious short-covering rally: a WSJ report which cited a delayed SkyNews interview with the UAE energy minister, according to which OPEC would freeze, […]
Will Russia End Up Controlling 73% of Global Oil Supply?
Will Russia End Up Controlling 73% of Global Oil Supply? Russia has played a master stroke in the current oil crisis by taking the lead in forming a new cartel, but it’s a move that could spell geopolitical disaster. The meeting between Russia, Qatar, Saudi Arabia and Venezuela on 16 February 2016 was the first […]
European Ban on Saudi Arms Sales Bolsters Foes of Canadian Deal
European Ban on Saudi Arms Sales Bolsters Foes of Canadian Deal Move puts pressure on government to justify $15-billion contract, says Amnesty. The Saudi National Guard tweeted this photo of armoured vehicles moving to the Yemeni border in November 2015. An anonymous source told the Globe and Mail they were made in Canada. A move […]
EU Parliament adopts resolution calling for arms embargo against Saudi Arabia over Yemen
EU Parliament adopts resolution calling for arms embargo against Saudi Arabia over Yemen A man reacts at the site of a Saudi-led air strike in Yemen’s capital Sanaa, February 10, 2016. © Khaled Abdullah / Reuters The European Parliament has adopted a resolution calling for the introduction of an arms embargo against Saudi Arabia over […]
Slouching Down a March of Folly
Slouching Down a March of Folly The threats from Turkey and Saudi Arabia to mount a full-scale invasion of Syria create the potential for a modern-day “march of folly” into World War III by drawing NATO and the U.S. into a direct military confrontation with Russia and Iran, as ex-CIA analyst Paul R. Pillar explains. […]
A “Nervous” NATO Fears Turkey, Russia May Soon Go To War
A “Nervous” NATO Fears Turkey, Russia May Soon Go To War If you want our take – and let’s face it, you must because that’s why you’re here – we wouldn’t put too much faith in today’s announced Syrian “ceasefire” agreement. Although the deal calls for the cessation of hostilities as of Saturday at midnight, […]
What Could Go Wrong? Saudis Want To Give Surface-To-Air Missiles To Syrian Rebels
What Could Go Wrong? Saudis Want To Give Surface-To-Air Missiles To Syrian Rebels When the Russians started flying from Latakia on September 30 it put the Syrian opposition in a decisively precarious situation. Whereas the Syrian air force was largely out of date and relied on replacement parts and continual maintenance to remain viable, Moscow […]
World War 3 Could Very Easily Turn Into The Very First Nuclear War In The Middle East
World War 3 Could Very Easily Turn Into The Very First Nuclear War In The Middle East Saudi Arabia already has nukes, Iran probably does, and the Russians are one of the two great nuclear powers on the entire planet. So if Saudi Arabia, Turkey and their Sunni allies do decide to conduct a full-blown ground […]
