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Saudi, US Oil Inventories Hit Record High as Demand Fizzles
Saudi, US Oil Inventories Hit Record High as Demand Fizzles The amount of oil in storage globally, not including the various “strategic petroleum reserves” in the US, China, Europe, Japan, and other locations, has grown to staggering proportions this year, as oversupply drowns out tepid demand. In the US, oil storage is seasonal. A big […]
Oil Market Showdown: Can Russia Outlast The Saudis?
Oil Market Showdown: Can Russia Outlast The Saudis? “Two men enter, one man leaves, two men enter, one man leaves, two men enter…” Mad Max: Beyond Thunderdome November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward […]
Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future
Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future The latest IMF Article IV consultation report on Saudi Arabia was published on 9 September 2015. http://www.imf.org/external/country/sau/ Extract: Government spending has increased substantially in recent years. Consequently, the breakeven oil price rose to $106 a barrel in 2014 from $69 […]
Saudi Arabia, Israel, Egypt ‘Knocking on Putin’s Door,’ Not Obama’s
Saudi Arabia, Israel, Egypt ‘Knocking on Putin’s Door,’ Not Obama’s Some of the US’s major allies appear more and more convinced that Barack Obama is losing his political influence on the Syrian conflict and the fight against the self-proclaimed Islamic State terror group, according an analysis in the US media. Key US partners are increasingly fixing their eyes on Moscow rather than Washington, writes Dan de […]
Saudis Poke The Russian Bear, Start Oil War In Eastern Europe
Saudis Poke The Russian Bear, Start Oil War In Eastern Europe Any weakening of Russian support for Mr. Assad could be one of the first signs that the recent tumult in the oil market is having an impact on global statecraft. Saudi officials have said publicly that the price of oil reflects only global supply […]
David Cameron Attacks Twitter Users, Following in the Footsteps of the Saudi Religious Police Chief
David Cameron Attacks Twitter Users, Following in the Footsteps of the Saudi Religious Police Chief You know things are not well in the world when you hear claims that the Prime Minister of Great Britain had sex with a dead pig’s head and you barely flinch. That’s because sexual relations with farm animal carcasses simply pales in […]
Shrinking the Technosphere, Part I
Shrinking the Technosphere, Part I On September 28, while addressing the UN General Assembly, Putin proposed “implementing naturelike technologies, which will make it possible to restore the balance between the biosphere and the technosphere.” It is necessary to do so to combat catastrophic global climate change, because, according to Putin, CO2 emissions cuts, even if implemented […]
Saudi Arabia Warns “Rumour-Mongers” on Facebook and Twitter Risk EXECUTION
Saudi Arabia Warns “Rumour-Mongers” on Facebook and Twitter Risk EXECUTION A specific moment from the biopic film, The Doors – starring Val Kilmer – took up residence in my subconscious years ago. In actuality, it’s two lines of slurred dialogue that randomly and subtly float into my thoughts as if they are propelled by hot air into the atmosphere. The scene depicts an inebriated Jim Morrison taunting an audience of […]
Russian Warships Launch Missile Attack On Syrian Targets, Clearing Way For Iran Ground Invasion
Russian Warships Launch Missile Attack On Syrian Targets, Clearing Way For Iran Ground Invasion In case it wasn’t clear enough what was set to happen soon after the Russian air force had spent a few days softening up anti-regime positions on the ground, allow us to spell it out: with the opposition on the run […]
Saudi clerics call for jihad against Russia in Syria – to back ISIS?
Saudi clerics call for jihad against Russia in Syria – to back ISIS? Militant Islamist fighters wave flags as they take part in a military parade along the streets of Syria’s northern Raqqa province. © Stringer / Reuters Dozens of Saudi Arabian clerics not officially affiliated with Riyadh have urged Muslims to support the fight […]
Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: “Eventually, Economic Producers Will Prevail”
Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: “Eventually, Economic Producers Will Prevail” As the EM world looks on helplessly while Saudi Arabia’s war with the US shale complex (and, by extension, with the Fed) serves to keep crude prices depressed putting enormous pressure on commodity currencies and accelerating emerging market outflows, the […]
Saudis Mull Launch Of Regional War As Russia Pounds Targets In Syria For Fourth Day
Saudis Mull Launch Of Regional War As Russia Pounds Targets In Syria For Fourth Day While the US has certainly made some epic strategic blunders in Syria that raise serious questions about just how “intelligent” US intelligence actually is, there’s little doubt that if one were to look behind all of the media parroting, the […]
The Middle East Meltdown and Global Risk
The Middle East Meltdown and Global Risk Among today’s geopolitical risks, none is greater than the long arc of instability stretching from the Maghreb to the Afghanistan-Pakistan border. With the Arab Spring an increasingly distant memory, the instability along this arc is deepening. Indeed, of the three initial Arab Spring countries, Libya has become a […]
Giving Saudis a Pass on Yemen War
Giving Saudis a Pass on Yemen War By supporting Saudi Arabia’s war on Yemen, the U.S. is again finding itself on the same side with Al Qaeda in a Mideast conflict, a troubling pattern driven by a compulsion to excuse actions by U.S. “allies” no matter how outrageous, as ex-CIA analyst Paul R. Pillar explains. […]
How The War Party Betrayed America’s Non-Interventionist Foreign Policy Tradition
How The War Party Betrayed America’s Non-Interventionist Foreign Policy Tradition So Vladimir Putin in his U.N. address summarized his indictment of a U.S. foreign policy that has produced a series of disasters in the Middle East that we did not need the Russian leader to describe for us. Fourteen years after we invaded Afghanistan, Afghan […]
