Oil realities in 2018 Donald Trump has Tweeted about a phone call to Saudi Arabia’s King Salman where the elderly monarch is said to have agreed to increase the production of oil to 2 million barrels per day so as to lower fuel prices in the United States, the world’s second largest energy consumer. https://twitter.com/realDonaldTrump/status/1013023608040513537…
President Trump is stepping up his attack on Iran. He’s now planning the long-game for maximum pressure. The news that Trump quietly asked Saudi Arabia to ramp up output by 1 million barrels a day is the key. From the analysis at Oilprice.com: Saudi Arabia and some of its close Arab allies in the Gulf,…
Russia and Saudi Arabia are in deep debate on whether to raise OPEC and non-OPEC oil production by 1 million barrels a day to offset the drastic plunge in Venezuela’s production plus possible shortfalls when new US sanctions on Iran kick in in November. The problem is that even a production raise would not be…
The American Century, so triumphantly proclaimed in a 1941 Life magazine editorial by US establishment insider Henry Luce, was built on the control of oil and on an endless succession of wars for that control of global oil. Now, ironically, with the illegal and unilateral cancellation of the Iranian nuclear agreement by the US President,…
While Israel has been the barking dog pushing hostilities against Iran, it is the Saudis that are truly most threatened by Iran’s return to the global economy. They are as much, if not a bigger, agitator for tearing up the Iran Nuclear Deal as Israel has been. A report earlier this week from the International…
The news that President Donald Trump offered to hold a meeting with his counterpart in the Kremlin, Vladimir Putin, has the political world in an uproar. Furiously keyboards are chattering away as laptop bombardiers are worried that perpetual war for perpetual empire will end if Trump and Putin see eye to eye on anything. From…
