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July 2, 2024 Readings
Groundwater Depletion Maps Reveal Depths of “Extreme” and “Exceptional” Mexican Drought Saudi Arabia Breaks US Global Power? Very Hard Times are Coming – Charles Nenner | Greg Hunter’s USAWatchdog “The Train Has Left the Station and No One Can Stop It”. Europe Will be at War with Russia. Serbia’s President A. Vucic – Global Research […]
Sense and Nonsense on Petrodollars
Sense and Nonsense on Petrodollars Folded dollar bill (featuring George Washington) against a map of Saudi Arabia. Last week several reports suggested the termination of a US-Saudi petrodollar agreement, and speculated a Saudi Arabian move to sell oil on world markets in various currencies, including the Chinese yuan. The accounts were rife with inaccuracies: the […]
De-Dollarization Just Accelerated… And You Might Not Even Know About It
De-Dollarization Just Accelerated… And You Might Not Even Know About It BRICS in Nizhny Novgorod, Crickets’ Silence, Saudi Arabia, and Bridges (Away from the U.S. Dollar) This past week has been a real turning point in the de-dollarization trend we’ve been talking about in these pages. Funny enough, the media seems to be completely oblivious to most […]
The End Of The Petrodollar
The End Of The Petrodollar The Saudis, New Chapter in Energy Economics, De-dollarization, and the American-Made Pressure Cooker “Oil is too important a commodity to be left in the hands of the Arabs.” ~ Henry Kissinger Just last Sunday, one of the most significant economic deals of the century came to an end. The long-standing […]
Raging floods hit parts of Saudi Arabia
Raging floods hit parts of Saudi Arabia Trees and debris were seen being swept away by the raging floods. Play Video – Raging floods hit Saudi Arabia Flash floods have turned roads into rivers across parts of Saudi Arabia following torrential rainfall.
Almost Everything is About Oil in the Middle East
Almost Everything is About Oil in the Middle East Perhaps the most extraordinary part of Iran’s April 13 attack on Israel was that it was countered by a coalition that included Jordan, Saudi Arabia and the United Arab Emirates (UAE). It is also noteworthy that this was the first time that the United States engaged militarily in […]
Xi, Putin Hail First BRICS Expansion In Over A Decade As Gulf Oil Powers Join
Xi, Putin Hail First BRICS Expansion In Over A Decade As Gulf Oil Powers Join At a moment China and Russia have envisioned the future of BRICS as fundamentally an anti-Western bloc of developing nations, the Gulf oil powers Saudi Arabia and the United Arab Emirates have been formally invited to become members, which marks the bloc’s first expansion […]
Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar
Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar Jacob Lawrence Struggle: From the History of the American People, Panel 8 1954Eurasia’s geo-economic integration took a great leap forward as a result of the Iranian–Saudi rapprochement, which unlocks the Gulf Cooperation Council’s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of […]
OPEC Output Drops As Saudi Production Falls By 156,000 Bpd
OPEC Output Drops As Saudi Production Falls By 156,000 Bpd By Charles Kennedy – Feb 14, 2023, 9:30 AM CST Crude oil production from all 13 OPEC members slid by 49,000 barrels per day (bpd) in January from December as top producer Saudi Arabia slashed output by 156,000 bpd, OPEC’s latest Monthly Oil Market Report (MOMR) showed on Tuesday. […]
Why the End of the Petrodollar Spells Trouble for the US Regime
Why the End of the Petrodollar Spells Trouble for the US Regime On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “There are no issues with discussing how we settle our trade arrangements, whether it is in the […]
A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status
A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t […]
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, […]
OPEC Production Fell In November, But 3 Members Actually Boosted Output
OPEC Production Fell In November, But 3 Members Actually Boosted Output OPEC’s crude oil production fell by an average of 744,000 barrels per day, according to OPEC’s Monthly Oil Market Report released on Tuesday. Saudi Arabia’s November production fell by the most among its members, by 404,000 bpd, to 10.474 million bpd—Saudi Arabia’s lowest monthly […]
OPEC+ Keeps Oil Production Unchanged, Maintains 2MMb/d Output Cut After Launch Of Russia Price Cap
OPEC+ Keeps Oil Production Unchanged, Maintains 2MMb/d Output Cut After Launch Of Russia Price Cap Two weeks ago, oil tumbled after the WSJ reported a fake news hit piece quoting “delegates” who “said” that Saudi Arabia was preparing for a 500K oil production hike. We quickly countered that this was ridiculous and if anything OPEC+ would seek […]
Oil As a Geopolitical Weapon
Oil As a Geopolitical Weapon
