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Tag Archives: saudi arabia
New questions raised about U.S.-Saudi relationship
New questions raised about U.S.-Saudi relationship Just before the holidays, Barack Obama signed a new law punishing Venezuela’s leaders for human rights violations — for persecution and imprisonment of union leaders, journalists and protesters, and for a general disregard for the law. “The United States,” proclaimed the sanctions, “supports the people of Venezuela in their efforts to […]
The Real Cause Of Low Oil Prices: Interview With Arthur Berman
The Real Cause Of Low Oil Prices: Interview With Arthur Berman With all the conspiracy theories surrounding OPEC’s November decision not cut production, is it really not just a case of simple economics? The U.S. shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have been unwarranted. […]
Saudi border guards killed in attack
Saudi border guards killed in attack Attackers have killed two Saudi Arabian border guards and injured another near the country’s border with Iraq in a shooting and suicide assault, the Saudi Interior Ministry said. The attackers opened fire on a border patrol near the city of Arar on early on Monday, the ministry said. […]
Who Is Behind The Oil War, And How Low Will The Price Of Crude Go In 2015?
Who Is Behind The Oil War, And How Low Will The Price Of Crude Go In 2015?. Who is to blame for the staggering collapse of the price of oil? Is it the Saudis? Is it the United States? Are Saudi Arabia and the U.S. government working together to hurt Russia? And if this oil […]
OPEC December Crude Output Slips as Global Prices Tumble – Bloomberg
OPEC December Crude Output Slips as Global Prices Tumble – Bloomberg. Oil production by the 12 OPEC nations slipped less than 1 percent in December, the first month after the group refused to cut output as crude prices tumbled, a Bloomberg survey showed. Output by the Organization of Petroleum Exporting Countries fell 122,000 barrels a day, or […]
Energy Crisis As Early As 2016
Energy Crisis As Early As 2016. Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texas. If oil supply falls too far, we could see gasoline […]
RIGZONE – Saudi Ministry to Discuss Deficit Financing with Central Bank
RIGZONE – Saudi Ministry to Discuss Deficit Financing with Central Bank. RIYADH, Dec 26 (Reuters) – Saudi Arabia’s Finance Ministry will discuss with the central bank its options for financing the large state budget deficit expected next year, and may cover some of the shortfall with borrowing, Finance Minister Ibrahim Alassaf said. Responding to the […]
The Daily Bell – Putin: It Is Time to Play Your Ace in the Hole
The Daily Bell – Putin: It Is Time to Play Your Ace in the Hole. The entire world is watching Putin play poker with the Western politicians lead by Obama and followed by Washington quislings in London, Brussels and Berlin. America’s goal since the end of the Cold War has been to weaken by financial, […]
Saudi Arabia Ready For $20, $30, $40 Oil
Saudi Arabia Ready For $20, $30, $40 Oil. Brent crude and West Texas Intermediate (WTI) fell 2 and 3.3 percent respectively to start the week and Saudi Arabia is prepared to go much lower in a bid to trim the fat. Oil Minister Ali al-Naimi said as much in an interview with the Middle East Economic Survey […]
You Thought The Saudis Were Kidding? – The Automatic Earth
You Thought The Saudis Were Kidding? – The Automatic Earth. There are many things I don’t understand these days, and some are undoubtedly due to the limits of my brain power. But at the same time some are not. I’m the kind of person who can no longer believe that anyone would get excited over […]
Did The Saudis And The US Collude In Dropping Oil Prices?
Did The Saudis And The US Collude In Dropping Oil Prices?. The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing serious damage […]
oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20/Barrel Oil
oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20/Barrel Oil. The ability of oil exporters to trigger a short-term collapse in price does not automatically translate into an ability to control the financial conflagration such a crash ignites. My BS detector went off when two stories with similar headlines touting $20/barrel […]
Conrad Black: The Saudis believe the West is about to give in to Iranian demands. Crashing the price of oil is how it fights back | National Post
Conrad Black: The Saudis believe the West is about to give in to Iranian demands. Crashing the price of oil is how it fights back | National Post. Responses to the decline in world oil prices have been mystifying — flummoxing, in fact. The secretary general of OPEC (the Organization of Petroleum Exporting Countries), Abdullah Al-Badri, said […]
Gulf OPEC members refuse to cut oil output – Middle East – Al Jazeera English
Gulf OPEC members refuse to cut oil output – Middle East – Al Jazeera English. Arab Gulf countries have vowed they will not cut oil production or hold an emergency meeting, despite a glut in global supplies and plummeting oil prices. Powerful OPEC members Saudi Arabia and Kuwait said on Sunday they would not cut […]
Saudi Oil Minister Denies ‘Conspiracy’ To Collapse Oil Prices
Saudi Oil Minister Denies ‘Conspiracy’ To Collapse Oil Prices. ABU DHABI, United Arab Emirates – Saudi Arabia’s oil chief on Sunday dismissed allegations that his kingdom conspired to bring down oil prices in order to harm other countries and told a summit of Arab energy leaders that he was confident the market would stabilize. The […]
