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Stocks Slump After Saudis Threaten Nukes Against “Nefarious” Iran
Stocks Slump After Saudis Threaten Nukes Against “Nefarious” Iran Earlier this month, a black swan landed in the Mid-East when Saudi Arabia executed prominent Shiite cleric Nimr al-Nimr along with 46 other “terrorists.” Most of those executed were not Shiites but that didn’t matter. Al-Nimr was a key voice among Saudi Arabia’s dissident Shiite minority […]
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week
The Financial Apocalypse Accelerates As Middle East Stocks Crash To Begin The Week It looks like it is going to be another chaotic week for global financial markets. On Sunday, news that Iran plans to dramatically ramp up oil production sent stocks plunging all across the Middle East. Stocks in Kuwait were down 3.1 percent, […]
Mid-East Massacre: Qatar Crashes, Saudi Stocks Plunge Most Since Black Monday
Mid-East Massacre: Qatar Crashes, Saudi Stocks Plunge Most Since Black Monday Broad middle-east and african stock markets crashed over 5%, erasing any gains back to November 2008 as the carnage from last week continues. From Kuwait (-4.3%) to Qatar (-8%) it was a bloodbath as Saudi Arabia Tadawul Index plunged 5.4% – the most since Black Monday (now down […]
Saudi Arabia is Buying Up American Farmland to Export Agricultural Products Back Home
Saudi Arabia is Buying Up American Farmland to Export Agricultural Products Back Home Just what we need, cornfield crucifixions. Seriously though, this is very troubling. The Saudis are explicitly conserving their own resources at home, while exploiting land and water supplies here in America. CNBC reports: Saudi Arabia and other Persian Gulf countries are scooping up farmland in […]
Why We May Never See $100-a-Barrel Oil Again
Why We May Never See $100-a-Barrel Oil Again ‘Race for What’s Left’ author surveys geopolitical fortunes in aftermath of a pricequake. Pricequake: Recent turmoil could spell doom — not just for ‘tough oil’ projects now underway — but for some over-extended companies (and governments) that own them. Oil barrel photo via Shutterstock. As 2015 drew […]
Will Reckless Saudis Seek War with Iran?
Will Reckless Saudis Seek War with Iran? Exclusive: Under growing economic and political pressure, the new Saudi leadership is showing a dangerous impulse toward military interventions, raising prospects for a direct and destructive confrontation with its regional rival Iran, writes Daniel Lazare. Now that Saudi Arabia has severed diplomatic ties with Iran and reportedly bombed Iran’s embassy in […]
(Re-)Covering Oil and War
(Re-)Covering Oil and War The first thing that popped into our minds on Tuesday when WTI oil briefly broached $30 for its first $20 handle in many years, was that this should be triggering a Gawdawful amount of bets, $30 being such an obvious number. Which in turn would of necessity lead to a -brief- […]
Oil Bust Could End Dollar Domination
Oil Bust Could End Dollar Domination The US dollar survived the collapse of Bretton Woods in the ‘70s because its use in crude oil transactions made it the king of reserve currencies, but can it survive a collapse of petro dollars? Can the world survive the catastrophic geopolitical consquences that would follow? There is an […]
Energy round-up: six predictions for 2016
Energy round-up: six predictions for 2016 Photo credit: James Russell 2015 proved to be an interesting year for energy and climate issues both globally and in the UK. Will 2016 hold more of the same? Forecasting is a dangerous business, but here are six predictions you should keep an eye on. 1) The showdown on oil prices between […]
Saudi Aramco IPO More About Geopolitics Than Finance
Saudi Aramco IPO More About Geopolitics Than Finance In the first week of 2016, Saudi deputy crown prince Mohammed bin Salman, in an interview with the Economist, revealed that the Saudi government is considering selling shares in government-owned Saudi Aramco and/or its downstream assets through an IPO. He indicated that a decision on the IPO […]
War Between Saudi Arabia And Iran Could Send Oil Prices To $250
War Between Saudi Arabia And Iran Could Send Oil Prices To $250 The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle East. First, the execution of a […]
Nigerian Currency Collapses After Central Bank Halts Dollar Sales To Stall “Hyperinflation Monster”
Nigerian Currency Collapses After Central Bank Halts Dollar Sales To Stall “Hyperinflation Monster” Having told banks and investors “don’t panic” in September, amid spiking interbank lending rates and surging default/devaluation risks, it appears the massive shortage of dollars that we warned about in December has washed tsunami-like ashore in oil-producing Nigeria. Following the Central bank’s decision this week to halt […]
5 killed in missile strike on Medicins Sans Frontieres clinic in Yemen
5 killed in missile strike on Medicins Sans Frontieres clinic in Yemen © Khaled Abdullah Ali Al Mahdi / Reuters At least five people have been killed in a missile strike on a Medecins Sans Frontieres medical facility in Yemen. The organization “strongly condemns this,” while adding that 10 people have been injured in the […]
America’s Subservience to Saud Family
America’s Subservience to Saud Family The Saud royal family are by far the world’s largest buyers of US weapons. The King of Saudi Arabia is by far the world’s richest person, with a net worth well over a trillion dollars; and, when his (Aramco’s) 260 billion barrels of oil reserves were valued at $100 per […]
Bob Janjuah Warns The Bubble Implosion Can’t Be “Fixed” This Time
Bob Janjuah Warns The Bubble Implosion Can’t Be “Fixed” This Time Having correctly foreseen in September that “China’s devaluations are not over yet” it appears Nomura’s infamous ‘bear’ Bob Janjuah has also nailed The Fed’s subsequent actions (hiking rates into a fundamentally weakening economy in a desperate bid to “convince markets that strong growth and inflation are on their […]
