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Saudi Devaluation Odds Highest In 20 Years, Kingdom Now More Likely To Default Than Portugal
Saudi Devaluation Odds Highest In 20 Years, Kingdom Now More Likely To Default Than Portugal On Monday, we brought you “Saudi Default, Devaluation Odds Spike As Mid-East Careens Into Chaos,” in which we outlined the jump in riyal forwards and widening of CDS spreads that Riyadh witnessed in the aftermath of the kingdom’s move to […]
The Geopolitics of Cheap Oil
The Geopolitics of Cheap Oil The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural gas would go up. And then other options, like solar and wind, […]
Saudi warplanes attack Iranian embassy in Yemen – Iran
Saudi warplanes attack Iranian embassy in Yemen – Iran Iran has accused Saudi Arabia of using warplanes to attack the Iranian embassy in the Yemeni capital Sana’a. Some guards were reportedly wounded in the attack, according to state news channel IRIB. The Saudi-led coalition fighting in Yemen says it will investigate the accusation, according to […]
Petro Currencies Under Fire As Oil Keeps Sliding
Petro Currencies Under Fire As Oil Keeps Sliding Low oil prices put pressure on the budgets of major oil producing countries in 2015, but the next domino to fall could be their currencies. Petro-economies with flexible exchange rates have already seen double-digit declines in the value of their currencies over the past year, in percentage […]
One Map That Explains the Dangerous Saudi-Iranian Conflict
One Map That Explains the Dangerous Saudi-Iranian Conflict The Kingdom of Saudi Arabia executed Shiite Muslim cleric Nimr al-Nimr on Saturday. Hours later, Iranian protestors set fire to the Saudi embassy in Tehran. On Sunday, the Saudi government, which considers itself the guardian of Sunni Islam, cut diplomatic ties with Iran, which is a Shiite Muslim […]
Enough Already! It’s Time To Send The Despicable House Of Saud To The Dustbin Of History
Enough Already! It’s Time To Send The Despicable House Of Saud To The Dustbin Of History The attached column by Pat Buchanan could not be more spot on. It slices through the misbegotten assumption that Saudi Arabia is our ally and that the safety and security of the citizens of Lincoln NE, Spokane WA and […]
We Need to Talk About Saudi Arabia
We Need to Talk About Saudi Arabia Canadians may decry its executions and power moves, but we’re locked in an alliance. Iranians protest executions outside the Saudi Arabian Embassy in Tehran, Jan. 3, 2016. Raheb Homavanti, Reuters Media Express. Dealing with Saudi Arabia is becoming a mug’s game for almost everyone in the West — […]
Time to Start Paying Attention: Why Saudi Arabia Might Pull the US into Another War
Time to Start Paying Attention: Why Saudi Arabia Might Pull the US into Another War (ANTIMEDIA) After Saudi Arabia executed prominent Shi’ite cleric, Sheikh Nimr Baqr al-Nimr, and 46 other people, protesters stormed the Saudi embassy in Tehran on Saturday, ransacking and setting fire to the building and its contents. In a surprise response the following day, Saudi Arabia announced […]
US Enabled Saudi Arabia’s Crackdown on Pro-Democracy Protesters
US Enabled Saudi Arabia’s Crackdown on Pro-Democracy Protesters Just days before Saudi Arabia performed a mass execution of 47 people, including four pro-democracy protesters; the US approved tens of millions in military contracts to the Saudi government. The contracts include $24 million to Raytheon Company for equipment relating to Patriot missiles, $12 million to Advanced Electronics Co. for electronics […]
How Obama Enables Atrocities
How Obama Enables Atrocities Exclusive: President Obama seems so scared of offending the Saudis and their Israeli allies that he will tolerate almost any outrage, including Saudi Arabia’s mass beheadings and/or shootings of the regime’s enemies including a Shiite political leader who dared criticize the monarchy, writes Robert Parry. As the New Year dawns, the neocons and […]
Saudi Arabia’s Gruesome Provocation
Saudi Arabia’s Gruesome Provocation Saudi Arabia’s execution of a prominent political leader of the monarchy’s Shiite minority has worsened Mideast tensions and is forcing the Obama administration to decide if there are any limits to the outrages that the longtime U.S. “ally” may commit, as Trita Parsi explains. There should be little doubt that Saudi Arabia wanted […]
From Baghdad to Bahrain…From Beruit to Tehran – Tensions Are Exploding Across the Middle East
From Baghdad to Bahrain…From Beruit to Tehran – Tensions Are Exploding Across the Middle East Either the rebel prince succeeds in convincing enough people who matter to remove the King, or the King counters and drives the prince out. The former situation is far and away the best option for stability in the Middle East, […]
After Executing Regime Critic, Saudi Arabia Fires Up American PR Machine
After Executing Regime Critic, Saudi Arabia Fires Up American PR Machine Saudi Arabia’s well-funded public relations apparatus moved quickly after Saturday’s explosive execution of Shiite political dissident Nimr al-Nimr to shape how the news is covered in the United States. The execution led protestors in Shiite-run Iran to set fire to the Saudi Embassy in Tehran, precipitating a major […]
It’s On: Saudis Sever Diplomatic Ties With Iran, Will Confront Iranian “Hostility”
It’s On: Saudis Sever Diplomatic Ties With Iran, Will Confront Iranian “Hostility” Earlier today, as Iranian police struggled to disperse protesters gathered outside the Saudi consulate in Mashhad, we said the following about the rapidly deteriorating situation: If crude needed an excuse to rally, then surely this is it as it now appears that in addition to […]
Oil Spike Risk: Iran Police Use Water Cannon On Angry Protesters Near Saudi Consulate
Oil Spike Risk: Iran Police Use Water Cannon On Angry Protesters Near Saudi Consulate Despite official pleas for “calm” following the death of prominent Shiite cleric Nimr al-Nimr, Iranians are in no mood to stand down. Perhaps the Ayatollah’s calls for “divine vengeance” have incited a riot or perhaps the Shiite world has simply had […]
