US, British, French, Israeli and other energy interests could be prime beneficiaries of military operations in Iraq and Syria designed to rollback the power of the ‘Islamic State’ (ISIS) and, potentially, the Bashar al-Assad regime. A study for a global oil services company backed by the French government and linked to Britain’s Tory-led administration, published…
Major changes are brewing in Saudi Arabia, and there is no way to stop them if the kingdom’s economy is to survive the oil price rout. This is what has become painfully clear after last week, Deputy Economy Minister Mohammad Al Tuwaijri slammed the country’s bureaucracy for being lazy and inefficient, stressing that the economy…
Turkey’s Anadolu News Agency, though government-run, is providing remarkably clear and reliable diagrammatic descriptions of the current status of the U.S – and – fundamentalist – Sunni, versus Russia – and – Shia – and – NON – fundamentalist – Sunni, sides, in the current oil-and-gas war in the Middle East, for control over territory in Syria, for…
Are the Wars in the Middle East and North Africa Really About Oil? The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority before 9/11. The Sunday Herald reported:…
The US is considering bombing pipelines in Syria, which it claims is in an attempt to cut off the huge profits being made by ISIS from captured oilfields. The Independent quotes Julieta Valls Noyes, the deputy assistant secretary for European and Eurasian Affairs during a visit to London, that ISIS was making $2 million a…
Libyan National Army forces loyal to a controversial eastern Libyan commander have seized all three of Libya’s oil ports, ruining the plans of the Tripoli-based UN-backed Government of National Accord (GNA) to put them back into operation. Colonel Ahmad Mesmari, a Libyan National Army (LNA) spokesman, reported that LNA forces had taken control over the…
