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A Plot To Hold Down Oil Prices Or Just A Happy Coincidence?
A Plot To Hold Down Oil Prices Or Just A Happy Coincidence? The recent unprecedented surge in oil imports has again prompted a review of things here. In a prior story, we wrote that the lack of capacity to process light sweet crude at refineries produced via shale plays could be playing a role in the […]
Saudi Arabia’s Oil-Price War Is With Stupid Money
Saudi Arabia’s Oil-Price War Is With Stupid Money Saudi Arabia is not trying to crush U.S. shale plays. Its oil-price war is with the investment banks and the stupid money they directed to fund the plays. It is also with the zero-interest rate economic conditions that made this possible. Saudi Arabia intends to keep oil prices low for as […]
Is Saudi Arabia Setting The World Up For Major Oil Price Spike?
Is Saudi Arabia Setting The World Up For Major Oil Price Spike? In order to maintain a grip on market share by pushing U.S. shale producers out of the market, Saudi Arabia (and OPEC) is willing to use up its spare capacity. That could lead to a price spike. Saudi Arabia produced 10.3 million barrels per day […]
Proxy War Crosses Border? Houthis Reportedly Clash With Saudi Troops Near Najran
Proxy War Crosses Border? Houthis Reportedly Clash With Saudi Troops Near Najran Earlier today we reported that local militiamen in the key Yemeni port city of Aden had captured two Iranian officers suspected of aiding Houthi rebels in the battle to control the city where fighters still loyal to President Hadi are determined to beat back an […]
Chaos In Yemen: Chinese Troops Arrive As US-Armed Rebels Set Sights On Central Bank
Chaos In Yemen: Chinese Troops Arrive As US-Armed Rebels Set Sights On Central Bank Iranian-backed Houthi rebels are now in control of the central Crater district in the key Yemeni port city of Aden despite a seventh consecutive day of bombing raids by the Saudi-led coalition which is keen on preventing the city from falling. Aden is […]
Leave the Houthis Alone!
Leave the Houthis Alone! Saudi Arabia‘s US-backed aggression against the sovereignty of Yemen is a textbook example of how local conflicts are internationalized – and become tripwires for regional wars and even global conflagrations. Like Libya, Yemen is yet another Middle Eastern country that doesn’t really exist: it is actually at least two separate countries, perhaps three – the southern provinces, […]
An Introduction to Yemen’s Emergency
An Introduction to Yemen’s Emergency By Helen Lacker, who has worked in all parts of Yemen since the 1970s and lived there for close to 15 years. She has written about the country’s political economy as well as social and economic issues. She works as a freelance rural development consultant in Yemen and elsewhere and […]
Impending Iran Deal Could Crush Current Rally
Impending Iran Deal Could Crush Current Rally The headline for the week was Saudi Arabia’s attack on rebels in Yemen, which threatens to ignite tensions between regional rivalries in the Middle East. The proximate cause was the advance by Houthi rebels on Aden where the Yemeni President is located. Saudi Arabia spent several weeks secretly reaching […]
In Yemen, It’s The Bad Guys Vs. The Bad Guys
In Yemen, It’s The Bad Guys Vs. The Bad Guys Saudi Arabia and Egypt stand poised to conduct a massive ground invasion of Yemen, and the western media will be full of tales about how “Operation Decisive Storm” is liberating that country from the evil Iranian-backed Houthi rebels. And without a doubt, the Houthis are […]
Yemen Ground Invasion By Saudi, Egyptian Troops Imminent
Yemen Ground Invasion By Saudi, Egyptian Troops Imminent As reported first thing today, while the initial phase of the military campaign against Yemen has been taking place for the past 18 hours and been exclusively one of airborne assaults by forces of the “Decisive Storm” coalition, Saudi hinted at what is coming next following reports that […]
Saudi Arabia, with US Support, Invades Yemen
Saudi Arabia, with US Support, Invades Yemen As a study released today shows the US has killed perhaps more than 2 million people in the last decade of its wars on the Middle East, the US is now supporting a Saudi invasion of Yemen. Telesur: The government of Saudi Arabia began a military operation in Yemen against […]
Another Middle East War Breaks Out: US-Supported Saudi Arabia Begins Bombing Yemen, Tanks Cross Border
Another Middle East War Breaks Out: US-Supported Saudi Arabia Begins Bombing Yemen, Tanks Cross Border UPDATE: US providing support to Saudi Arabia – US Official (so US weapons are being used on both sides) Earlier today we reported that, on very short notice, Saudi Arabia had moved heavy military equipment including artillery to areas near its border with […]
Already 45 Beheadings in 2015 – Saudi Arabia on Pace to Easily Beat 2014’s Decapitation Level
Already 45 Beheadings in 2015 – Saudi Arabia on Pace to Easily Beat 2014’s Decapitation Level One of last year’s most popular posts was titled: Record Beheadings and the Mass Arrest of Christians – Is it ISIS? No it’s Saudi Arabia. Here’s an excerpt: In the past month, a group of radical Islamic extremists based in the […]
State Department Shuts US Embassy In ‘Ally’ Saudi Arabia Amid “Heightened Security Concerns”
State Department Shuts US Embassy In ‘Ally’ Saudi Arabia Amid “Heightened Security Concerns” Having recently noted The Kingdom’s new king’s decrees promising to support the poor and needy with more and more handouts (and to halt the rise of inequality), it is interestingly coincidental that, as The BBC reports, the US embassy in the Saudi capital […]
MAYBE OBAMA’S SANCTIONS ON VENEZUELA ARE NOT REALLY ABOUT HIS “DEEP CONCERN” OVER SUPPRESSION OF POLITICAL RIGHTS
MAYBE OBAMA’S SANCTIONS ON VENEZUELA ARE NOT REALLY ABOUT HIS “DEEP CONCERN” OVER SUPPRESSION OF POLITICAL RIGHTS The White House on Monday announced the imposition of new sanctions on various Venezuelan officials, pronouncing itself “deeply concerned by the Venezuelan government’s efforts to escalate intimidation of its political opponents”: deeply concerned. President Obama also, reportedly with a straight face, officially declared that Venezuela poses “an extraordinary […]
