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Saudi Exec Expects $1 Trillion Drop In Energy Investments
Saudi Exec Expects $1 Trillion Drop In Energy Investments A high-ranking Saudi Aramco executive says the plunge in energy prices already has caused many in the industry to cut spending on oil and gas projects, and the trend probably will continue for a few years, perhaps reaching a cut of $1 trillion in investments. “Challenges […]
Oil Producers Could See “Regime Change”: Bloomberg
Oil Producers Could See “Regime Change”: Bloomberg As we’ve noted previously, the US-Saudi joint effort to force the Kremlin into cutting Assad loose (the end goal of course being to install a government that will acquiesce to mainlining Qatari natural gas through Syria straight into Europe thus breaking Gazprom’s stranglehold), has resulted in a bit of collateral […]
What is Saudi Arabia not telling us about its oil future?
What is Saudi Arabia not telling us about its oil future? It is popular these days to speculate about why Saudi Arabia cajoled its OPEC allies into maintaining oil production in the face of flagging world demand. As the price the world pays for oil and oil products has plummeted, the price OPEC members are […]
Yemeni Houthi fighters fire on protesters after clashes kill 26
Yemeni Houthi fighters fire on protesters after clashes kill 26 (Reuters) – Tens of thousands of Yemenis demonstrated in several cities on Saturday against the rule of the Shi’ite Muslim Houthi movement whose gunmen fired on protesters in the central town of Ibb and wounded four, medics said. It was the second day of nationwide […]
Russia’s Complicated Relationship With OPEC
Russia’s Complicated Relationship With OPEC Russia, Saudi Arabia, and the United States are the world’s most important oil producers. While there has been a lot of discussion about Saudi Arabia’s move to crush U.S. shale by flooding international markets with oil, the relationship between Saudi Arabia and Russia is much less understood. Saudi Arabia and […]
Al Qaeda’s Bookkeeper Spills the Beans
Al Qaeda’s Bookkeeper Spills the Beans Zacarias Moussaoui was the bookkeeper for Al Qaeda, but the U.S. intelligence services have been keeping this fact secret as much as they can, because what he knows about the crucial financial backers of Al Qaeda can be very damaging to the U.S. aristocracy, which is heavily oil-based and […]
How Russia Plans To Retaliate To The Saudi-Driven Collapse In Oil
How Russia Plans To Retaliate To The Saudi-Driven Collapse In Oil A week ago we explained that yet another conspiracy theory, one involving virtually every geopolitical hotzone, from Saudi Arabia, to Russia, the United States, Qatar, Syria, ISIS, and Ukraine, has become fact when our speculation from last September, namely that the plunge in oil was an choreographed […]
Energy market madness is the death spasm of the oil age – renewables now!
Energy market madness is the death spasm of the oil age – renewables now! Current oil price volatility is a symptom of the end of cheap oil, writes Nafeez Ahmed, and it’s destablising the entire global economy. The answer is a major shift to renewables – but the the International Energy Agency, which should be […]
OPEC Production Figures – Winners And Losers Aplenty
OPEC Production Figures – Winners And Losers Aplenty The latest OPEC Monthly Oil Market Report is out with all the OPEC crude only production numbers for January 2015. There were very little revisions in the December numbers this month. Total OPEC production of crude only was down 53,000 barrels per day in January to 30,153,000 barrels per […]
Saudis Re-Unleash Oil Weapon, Slash Asia Prices By Most In 14 Years
Saudis Re-Unleash Oil Weapon, Slash Asia Prices By Most In 14 Years “This is further evidence that they are hellbent on protecting their market share in China,” warns one strategist as just when US talking-heads thought things were ‘stabilizing’ Saudi Aramco slashes its official selling price for Arab Light crude by 90 cents to $2.30 a […]
The Key That Is the Saudi Kingdom
The Key That Is the Saudi Kingdom Was the United States compelled to attack Afghanistan and Iraq by the events of September 11, 2001? A key to answering that rather enormous question may lie in the secrets that the U.S. government is keeping about Saudi Arabia. Some have long claimed that what looked like a […]
Moussaoui Calls Saudi Princes Patrons of Al Qaeda
Moussaoui Calls Saudi Princes Patrons of Al Qaeda WASHINGTON — In highly unusual testimony inside the federal supermax prison, a former operative for Al Qaeda has described prominent members of Saudi Arabia’s royal family as major donors to the terrorist network in the late 1990s and claimed that he discussed a plan to shoot down Air Force One with a […]
Another Conspiracy Theory Becomes Fact: The Entire Oil Collapse Is All About Crushing Russian Control Over Syria
Another Conspiracy Theory Becomes Fact: The Entire Oil Collapse Is All About Crushing Russian Control Over Syria While the markets are still debating whether the price of oil is more impacted by the excess pumping of crude here, or the lack of demand there, or if it is all just a mechanical squeeze by momentum-chasing […]
New Saudi King Tied to Al Qaeda, Bin Laden and Islamic Terrorism
New Saudi King Tied to Al Qaeda, Bin Laden and Islamic Terrorism King Salman Has Been a Huge Backer of Terrorism Globally for Decades We’ve long noted that Saudi Arabia is a huge supporter of terrorism. But the new Saudi king is particularly bad. Investors Business Daily notes: King Salman has a history of funding al-Qaida, and his […]
Can Saudi Arabia Diversify Away From Oil?
Can Saudi Arabia Diversify Away From Oil? The Saudi government hopes new special economic zones can spur foreign investment and lessen the Kingdom’s reliance on oil. Regulatory reforms are needed, however, to convince foreign firms that Saudi Arabia has more to offer than just cheap energy. Just off the coast of the Red Sea, about […]
