The Saudi Dilemma: To Cut or Not to Cut Production

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse …

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Who Came Up with the “Yellow Vests”?

Protests in France, which have been going on for more than two weeks, are becoming more and more shocking. It all began in mid-November with appearances against rising fuel prices; now the demands of radical measures, including the resignation of the government and the head of state, are increasingly being heard. Damaged symbols A new …

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Former US President George H.W. Bush interviewed for 'The Presidents' Gatekeepers', October 24, 2011, Texas © Getty Images / David Hume Kennerly

Oil Tycoon, CIA Chief, President: George H.W. Bush was the Epitome of American Empire

The late US President George H.W. Bush, a luminary of America’s most powerful family, was the personification of a nation addicted to oil, obsessed with secrecy and war, and self-assured of its exceptional qualities. When considering the life and times of George Herbert Walker Bush, one is forced to enter into a well-guarded mansion that …

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Can Mohammed bin Salman Hold Power While Juggling Trump, Putin and Oil All At Once

Increasingly, it appears that in a rerun of late 2014, OPEC has lost control of the oil market. According to a Bloomberg Op-Ed, Crown Prince Mohammed Bin Salman, President Donald Trump, and Vladimir Putin are the three people that will steer the outcome of oil prices in the coming year, whether higher or lower. The problem …

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Dying of Consumption While Guzzling Snake Oil: a Realist’s Perspective on the Environmental Crisis

Preservation of our environment remains well toward the bottom of our priorities. Personally and collectively, in our daily lives and in the media, we fixate on career, financial accumulation, economic growth, political performance, consumerism, entertainment, social media, and external validation. None of these aspects of our lives mean anything without a livable planet full of …

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Is Saudi Arabia About to Enter the Arctic Gas Game?

Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns, it now appears that the two fledgling allies are also going to cooperate in the liquefied natural gas (LNG) sector. And this time too, it …

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Tariffs and Sanctions: A New Energy Trade War?

The Trump Administration trade policy is nowhere so clear as in the energy area. For years it was thought that the younger Bush Administration was one of the most energy industry friendly in history. But the Trump Administration has gone far beyond that. Hiring Ray Tillerson, the former CEO of ExxonMobil, as US Secretary of …

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Russian Minister of Energy Alexander Novak, Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia and Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei, from left, attend a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members at their headquarters in Vienna, Austria, June 23, 2018. Ronald Zak | AP

What’s Really Going On Behind the “Secret” Saudi-Russia Oil Deal

On Wednesday,Reuters reported the details of a private and “secret” deal reached between Russia and Saudi Arabia, a deal that was aimed at increasing oil output in order to offset the coming shock to oil prices that will follow U.S. efforts to starve Iran of its oil revenues. Notably, Reuters also noted that the deal …

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