What Would The End Of OPEC Mean?

OPEC

 

The Organization of the Petroleum Exporting Countries – the oil market institution that has exerted an unyielding power over the price of crude for nearly 60 years – is now in deep crisis. The latest OPEC meeting in Vienna offered new insights into the cartel’s raging civil war that is tearing it apart and threatens to ultimately make the cartel irrelevant.

In a two-year period since the group of 15 major oil producers formed an alliance with Russia, OPEC’s smaller members have been marginalized, their voices have been diminished and Saudi Arabia seems to prioritize its partnership with Moscow above all else. An unlikely partnership between Saudi Arabia and Russia is causing dissension within OPEC, with one of the oldest members announcing it would withdraw from the organization in January just days prior to the talks. With Russia tightening its grip over OPEC’s decisions and the United States officially reaching net oil exporting status in late November for the first time in decades, even if only briefly, the new world oil order is now dependent on three energy superpowers: Saudi Arabia, Russia and the United States. Continue reading

Riyadh: Arabs in talks with US for NATO-style security pact

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Saudi Foreign Minister Adel al-Jubeir arrives for a press conference at the Diriya Palace in the Saudi capital Riyadh during the Gulf Cooperation Council summit on Sunday. Photo: AFP

 

Saudi foreign minister says it will be called the Middle East Strategic Alliance

Arab countries are in talks with Washington regarding a new NATO-style security agreement to protect the Middle East from “external aggression,” Saudi Foreign Minister Adel al-Jubeir said on Sunday. Continue reading

U.S. Confirms: Iran Successfully Fired Nuclear Capable Missiles

Brian Hook

Brian Hook / Getty Images

 

In violation of ban, Tehran shows off nuke-capable missiles as U.S. pressures Europe to take tougher line

Senior U.S. officials confirmed early Monday that Iran has successfully test-fired multiple nuclear-capable missiles in violation of United Nations restrictions on such activity, drawing a fierce reaction from the Trump administration, which will pressure European leaders this week to take immediate action aimed at countering Iran’s latest military moves. Continue reading

The Oil Powerhouses Replacing OPEC

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Three countries currently account for close to 40 percent of global crude oil production and only one of these countries is a member of the Organization of Petroleum Exporting Countries. The three are Russia, the United States, and Saudi Arabia and as their clout over oil markets increases with rising production rates, OPEC’s is set to decline, at least temporarily. Continue reading

“Arab NATO” Gaining Momentum? Washington’s ‘Plan B’ For Countering Russia

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All wars initiated or supported by the US establishment  from the occupation of Iraq in 2003, to the second Israeli war on Lebanon in 2006, and to regime-change efforts in Syria in 2011 and the occupation of a third of Iraq in 2014  have failed in their goal of stoking the fire of sectarian war between Sunni and Shia in the Middle East. The failure of this strategy has pushed the US establishment towards two new options: the first, of using the media to reveal Saudi Arabia’s intention to harm the Iranian economy and assassinate its military commanders. The second is to promote and advertise for an “Arab (Sunni) NATO Army”. The goal is to keep the possibility of sectarian war alive. Continue reading

The World’s Most Dangerous Man… Has a Terrifying Secret

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Saudi Crown Prince Mohammed bin Salman (MBS) has a secret.

No, it’s not that he was behind the horrific interrogation, torture and murder of journalist Jamal Khashoggi.

Although most people would argue otherwise.

The Crown Prince’s secret that I’m referring to isn’t even that he approved the use of chemical weapons by Saudi Arabia in its proxy war in Yemen. Continue reading

Saudis Launch Nuclear Research Reactor Amid Competition With Iran

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Saudi Crown Prince, Muhammad bin Salman

 

The reactor launched on November 5 is among 16 that Saudi officials, citing archrival Iran’s continued development of nuclear energy, have said they plan to build over the next two decades at a cost of $80 billion.

While Riyadh insists its goal is to diversify away from oil and gas, the main drivers of the kingdom’s economy, the nuclear plans have raised concerns in the West about the possibility of a nuclear race between the two Middle Eastern rivals.

Like Iran, Riyadh insists its only goal is the development of peaceful nuclear technologies. But Prince Muhammad warned in March that if Iran develops a nuclear weapon, Riyadh will do so as well. Continue reading

Britain knew of Saudi plan to target journalist, warned Saudis against it

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Now a new report claims that Britain’s external intelligence agency, the Secret Intelligence Service (MI6), was aware of a plot by the Saudi government to kidnap Khashoggi in order silence him. British newspaper The Sunday Express says it has evidence from “high ranking intelligence sources” that MI6 was in possession of communications intercepts containing conversations about Khashoggi. The conversations were between Saudi government officials and officers of the General Intelligence Directorate (GID), the Kingdom’s primary spy agency. In the intercepts, a member of the Saudi royal family is allegedly heard giving orders for the GID to kidnap Khashoggi from Turkey sometime in early September. He also instructs the GID to secretly transport the dissident journalist to Saudi soil where he could be interrogated. During the conversation, a discussion took place about the possibility that Khashoggi would physically resist his abductors. At that point in the conversation, the high ranking intelligence source told The Express, the royal family member “left the door open for alternative remedies […] should Khashoggi be troublesome”. Continue reading

Saudi admission of Khashoggi death leaves turmoil in Riyadh, fallout on Saudi-US relations

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President Donald Trump saw this when he said: “Saudi Arabia has been a great ally, but what happened is unacceptable. It’s a big first step, only a first step.” He also announced he would work with Congress on the response.

There are too many fingers in the pie and open questions for the scandal to die down any time soon. For one, what happened to the body of the dead journalist? The Saudis now report that it was handed to an unnamed “local collaborator.” This mysterious person either got away, was smuggled out of Turkey by Saudi agents or is no longer alive. This may explain the sweep Turkish police have been conducting in the woods near the consulate and other parts of Istanbul. Continue reading

Saudi Arabia Calls The End Of Russia’s Oil Prowess

Putin MBS

 

Saudi Arabia has not only called the end of Russia’s prominence as a global oil behemoth, but anticipates that Russia’s oil exports “will have declined heavily if not disappeared” within the next 19 years, Mohammed bin Salman said in a recent interview with Bloomberg. Continue reading

U.S. Foreign Policy Faces Grave Danger, Part 5

In March 2005, Bush adviser Karen Hughes was named to a State Department post, Deputy Secretary of State for Public Diplomacy. In late September 2005 she traveled to Egypt, Saudi Arabia, and Turkey to open a dialogue with important Muslim countries. Her task was to persuade them that Bush’s War on Terror was not a War against Islam.

On September 26, 2005, Hughes met with a small group of Egyptians who had studied in the U.S. She told them “it’s sometimes hard to talk about difficult issues,” but that “we’re open to ideas.”

Prominent Egyptians told Hughes that the U.S. can improve its image in the Middle East only by changing its policies, namely, that its policies on Iraq, Iran, Syria, the Israeli-Palestinian conflict, and what the U.S. said was inconsistent with its [favorable] treatment of repressive Arab governments. Continue reading

Saudis Vow to Retaliate if ‘Punished’ for Khashoggi Disappearance

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(Photo Credit: Common Action Forum/Twitter)

 

The kingdom has effectively threatened to cut off oil supplies if it is sanctioned.

As many countries around the world have rallied to say they will punish Saudi Arabia if it is found to have been involved in the disappearance and possible death of dissident journalist Jamal Khashoggi, the kingdom vowed it would retaliate against any such action. Continue reading

Neo-Ottomanism Surges in Middle East Politics

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The fate of Saudi Crown Prince Mohammed bin Salman hangs in the balance. The common perception is that everything depends on which way President Donald Trump moves – go by his own preference to bury the scandal over Jamal Khashoggi’s disappearance or give in to the rising demand that Saudi-American relations can no longer be business as usual. Trump’s mood swing suggests he is dithering. Continue reading

What Happens to the World When America Stops Standing for What’s Right?

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A security personnel looks out from the entrance of the Saudi Arabia’s consulate in Istanbul, Sunday, Oct. 14, 2018. (AP PHOTO/PETRAS GIANNAKOURIS)

 

The disappearance of Jamal Khashoggi drives home the consequences of the Trump administration’s refusal to champion democratic values around the globe.

The disappearance of Jamal Khashoggi has shocked many in the United States, but it should not come as a surprise. Indeed, it is a logical outgrowth of the policies that the Saudi leadership has been pursuing for the past two years, and the support that it has found for its approach in the Trump White House and parts of the American establishment. Continue reading

Did Saudis, CIA Fear Khashoggi 9/11 Bombshell?

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The macabre case of missing journalist Jamal Khashoggi raises the question: did Saudi rulers fear him revealing highly damaging information on their secret dealings? In particular, possible involvement in the 9/11 terror attacks on New York in 2001.

Even more intriguing are US media reports now emerging that American intelligence had snooped on and were aware of Saudi officials making plans to capture Khashoggi prior to his apparent disappearance at the Saudi consulate in Istanbul last week. If the Americans knew the journalist’s life was in danger, why didn’t they tip him off to avoid his doom? Continue reading