Energy Wars Of Attrition - The Irony Of Oil Abundance
Authored by Michael Klare via TomDispatch.com,
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The Coming Collapse Of Saudi Arabia
Submitted by Nick Giambruno via InternationalMan.com,
They met in secret to plan a devastating attack...
Two powerful men, colluding at a palace in the Middle East.
In September 2014, U.S. Secretary of State John Kerry flew to Saudi Arabia. He was there to meet with King Abdullah, the country’s ruler and one of the richest men in the world.
Informed observers say Kerry and Abdullah drew up a plan at this meeting to destroy their common enemies: Russia and Iran.
Gold Soars As Draghi "Dud" Unleashes Chaos In Bonds, Stocks, & FX
"You get nothing..."
Why Saudi Arabia Has No Intention To End The Oil Glut
Submitted by Dwayne Purvis via OilPrice.com,
In the geopolitical and oligopolistic global oil market, purely financial supply and demand has often been a secondary force, acting when it is allowed to act. It is the strategic behavior of the producing titans, not their talk or the slow-motion supply-demand balance, which has the real power to move markets. That is the case in the last two years and remains the case in 2016.
Chevron Protects Dividend, Slashes Another 36% Off Spending
Submitted by Nick Cuningham via OilPrice.com,
The largest oil companies are struggling to balance competing objectives with dramatically lower revenues compared to previous years.