Oil War

This tag is associated with 9 posts

The Calm Before The Coming Global Storm

By Pepe Escobar Major turbulence seems to be the name of the game in 2016. Yet the current turbulence may be interpreted as the calm before the next, devastating geopolitical/financial storm. Let’s review the current state of play via the dilemmas afflicting the House of Saud, the EU and BRICS members Russia, Brazil and China.   … Continue reading

The “Empire Of Chaos” Strikes Back Against Brazil, Russia, And China

By Pepe Escobar Soon after the impeachment motion against President Dilma Rousseff was approved in the Brazilian Congress by what I chose to call Hybrid War hyenas, President-in-Waiting Michel “Brutus” Temer, one of the coup’s articulators, dispatched a senator to Washington as special paperboy to deliver the news on the coup in progress. The senator in question … Continue reading

A Gold Revaluation Could Transform Your Financial Status — Overnight

By David Smith, Money Metals Exchange As we move through 2016, the Horsemen of the geopolitical, economic, and social apocalypse are on the march. China burns through its currency reserves as billions in yuan flee the mainland for safe harbor. Japan prints mountains of yen debt in an effort to create inflation – and thereby … Continue reading

World War III Has Begun: Paul Craig Roberts

By Paul Craig Roberts The Third World War is currently being fought. How long before it moves into its hot stage? Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS – Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being … Continue reading

Obama’s Chilly Reception In Saudi Arabia Hints At Mutual Distrust

U.S. President’s low-key arrival and meeting with King Salman underscores tension that has deepened over US policy towards Iran and the war in Syria . Barack Obama arrived to a noticeably low-key reception in Saudi Arabia on Wednesday against a background of mutual irritation in a relationship tested by a turbulent Middle East, plummeting oil … Continue reading

Perfect Storm For Oil Started On Schedule And Continues To Build

By David Haggith, The Great Recession Blog The perfect storm I predicted against the price of oil in the Ides of March has not fully developed, but all the forces I spoke of are continuing to build. The balmy days that prevailed for oil prices in early March have gone away, replaced by a downdraft that is once again suppressing prices … Continue reading

Why Saudi Arabia Will Keep Oil Prices Low: 3 Reasons

By Andrew Manners Despite a tentative agreement struck last week to freeze oil production, Saudi Arabia is likely to keep oil prices low for the foreseeable future. Last week Saudi Arabia, Venezuela, Qatar, and Russia reached an historic agreement to cap oil production at mid-January levels. The pact – the first between OPEC and a … Continue reading

Pepe Escobar: Saudi Arabia Is Playing Russian Roulette

By Pepe Escobar, Sputnik News Crashing oil markets and a massive US deficit; is Saudi Arabia’s dump of at least $1 trillion in US securities only the tip of the iceberg? This column revealed last week how Saudi Arabia had been unloading at least $1 trillion in US securities and crashing global markets — in parallel to its oil price war. … Continue reading

Are We Heading To An “Oil War” Within OPEC’S Members?

Who would have been able to predict one year ago that crude oil’s price, which had already plummeted between January, 2014 and January, 2015 from 110 to 50 dollars, will continue its going down and dip under the 30 dollar mark? Goldman Sachs maybe?

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