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Hitting Saudi Arabia Where It Hurts
Hitting Saudi Arabia Where It Hurts Exclusive: Though faced with a global terrorism crisis, Official Washington can’t get beyond its neocon-led “tough-guy-gal” rhetoric. But another option – financial sanctions on Saudi Arabia – might help finally shut down the covert supply of money and arms to Al Qaeda and the Islamic State, writes Robert Parry. As the […]
So Who’s Really Sponsoring ISIS? Turkey, Saudi Arabia, and Other U.S. “Allies”
So Who’s Really Sponsoring ISIS? Turkey, Saudi Arabia, and Other U.S. “Allies” Mass surveillance at home and endless military projection abroad are the twin sides of the same coin of national security, which must simply be maximized as much as possible. Conspicuously missing from President Hollande’s decisive declaration of war however, was any mention of […]
To Stop ISIS, Outside Powers Must End Their Proxy Wars in Syria
TO STOP ISIS, OUTSIDE POWERS MUST END THEIR PROXY WARS IN SYRIA A FRENCH NEWS CAMERAMAN burst into the bar of Beirut’s Commodore Hotel, where his colleagues gathered most evenings, on November 17, 1983. “At last,” he shouted, cupping both hands upward, “someone with balls!” French warplanes had just bombed the town of Baalbek, site of […]
The Saudi Connection to Terror
The Saudi Connection to Terror Exclusive: While Official Washington devotes much sound and fury to demands for a wider war in Syria and the need to turn away Syrian refugees, Democrats and Republicans dodge the tougher question: how to confront Saudi Arabia about its covert funding for Islamic State and Al Qaeda terrorists, writes Daniel Lazare. How does ISIS […]
Riyadh Feels the Pinch: The True Cost of Saudi Subsidies
Riyadh Feels the Pinch: The True Cost of Saudi Subsidies In downtown Riyadh, SUV-populated intersections and lushly landscaped parks leave little indication that Saudi Arabia is rapidly depleting its oil and water resources. The Saudi predilection for gas-guzzling vehicles and water-intensive leisure spaces is hardly surprising- governmental subsidies have long obscured the true cost of […]
Presenting BofA’s “Number One Black Swan Event For The Global Oil Market In 2016”
Presenting BofA’s “Number One Black Swan Event For The Global Oil Market In 2016” We’ve spent quite a bit of time this year talking about Saudi Arabia’s rather precarious financial situation. To be sure, the move to artificially suppress crude prices has at least partly served the kingdom’s interests in terms of market share and […]
“There’s No Such Thing As ISIS”: Journalist Destroys West’s Terror Narrative, Warns Of Crackdown On “Dissidents”
“There’s No Such Thing As ISIS”: Journalist Destroys West’s Terror Narrative, Warns Of Crackdown On “Dissidents” On Saturday, the day after the massacre in France which turned the streets of Paris into a warzone and left some 130 civilians dead, Syrian President Bashar al-Assad had a message for the West. While condemning the attacks and branding the […]
The Saudis Are Stumbling – They May Take the Middle East With Them
The Saudis Are Stumbling – They May Take the Middle East With Them America’s leading Sunni ally is proving how easily hubris, delusion, and old-fashioned ineptitude can trump even bottomless wealth For the past eight decades Saudi Arabia has been careful. Using its vast oil wealth, it’s quietly spread its ultra-conservative brand of Islam throughout the Muslim […]
Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry
Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads […]
IEA: US$ 40 oil means 3 mp/d less oil by 2020
IEA: US$ 40 oil means 3 mp/d less oil by 2020 You want $40 oil? Yes, please. But according to the World Energy Outlook 2015 of the International Energy Agency, recently released in London, that would mean 3 mb/d less US tight (shale) oil by 2020. That’s about 4% of global crude production. Fly less […]
OPEC’s Strategy Is Working According To Cartel’s Latest Report
OPEC’s Strategy Is Working According To Cartel’s Latest Report OPEC, which has been exceeding its own oil-production cap during the past year, says output was down in October and forecasts a production drop overall next year because of the persistent low price of oil. The cartel’s Monthly Market Report, published Thursday, said its 12 members extracted […]
How Saudi/Gulf Money Fuels Terror
How Saudi/Gulf Money Fuels Terror Exclusive: With the death toll in the Paris terror attacks still rising, French President Hollande is condemning an “act of war” by the Islamic State, but the underlying reality is that France’s rich friends in the Persian Gulf are key accomplices in the mayhem, writes Daniel Lazare. In the wake of […]
Arming Dictators: An American Tradition
Arming Dictators: An American Tradition Recently the Obama administration announced another military aid package for Pakistan: eight F-16 fighter jets. Once again considerations of human rights and democratic values have been sacrificed to strategic calculations. Recall, the robust figures for US military assistance to Pakistan: more than $20 billion in weapons, training, and other activities between […]
2-Mile Long Stretch Of Iraqi Oil Tankers Bound For U.S. Shores
2-Mile Long Stretch Of Iraqi Oil Tankers Bound For U.S. Shores After some initial excitement, November has seen crude oil prices collapse back towards cycle lows amid demand doubts (e.g. slumping China oil imports, overflowing Chinese oil capacity, plunging China Industrial Production) and supply concerns (e.g. inventories soaring). However, an even bigger problem looms that […]
The Biggest Threat To Oil Prices: 2-Mile Long Stretch Of Iraq Oil Tankers Headed For The U.S.
The Biggest Threat To Oil Prices: 2-Mile Long Stretch Of Iraq Oil Tankers Headed For The U.S. After some initial excitement, November has seen crude oil prices collapse back towards cycle lows amid demand doubts (e.g. sllumping China oil imports, overflowing Chinese oil capacity, plunging China Industrial Production) and supply concerns (e.g. inventories soaring). However, […]
