Saudi Shocks Reawaken Global Oil Markets to Political Risk

For the first time in three years, the chief concern in the oil market isn’t too much supply. Just as production cuts by OPEC and its allies finally deplete a surplus that has weighed on oil prices since 2014, political crises have hit the organization’s three biggest members. First, an eruption in Iraq’s long-running feud […]

Bans on Internal Combustion Engines May Backfire

A number of countries have stated their intention to ban the internal combustion engine (ICE) and shift to all electric vehicles in the next couple of decades. These announcements are encouraging on the surface. Governments are in favor of taking serious measures to reduce petroleum dependence and meet environmental goals. But using strong-armed approaches by […]

With Saudi Arrests, Crown Prince Shows He Can Force Change. But It’s Not Democracy

The Saudi prince behind the weekend’s unprecedented arrest of high-level Saudi officials and businessmen is known as young and brash, and has even been called reckless. He is also known to be in tune with Saudi Arabia’s youth; those under 25 make up a majority of the country’s population. The prince’s latest high-risk move has […]

The Inside Story Of The Saudi Night Of The Long Knives

Princes, ministers and a billionaire are ‘imprisoned‘ in the Riyadh Ritz-Carlton while the Saudi Arabian Army is said to be in an uproar… The House of Saud’s King Salman devises a high-powered “anti-corruption” commission and appoints his son, Crown Prince Mohammad Bin Salman, a.k.a. MBS, as chairman. Right on cue, the commission detains 11 House […]

Saudi Arabia Says Lebanon Declared War

As expected, Saudi Arabia has cast itself as the victim of external Shia plotting after its internal weekend of chaos which included a missile attack from Yemen, the deaths of two princes and other high officials within a mere 24 hours, and an aggressive crackdown against dissent in the royal family which saw close to a […]

Saudi Banks Begin Freezing Accounts Of Arrested Royals, Private Jets Grounded

Two days after the most stunning purge in recent Saudi history, the so-called “anti-corruption probe” – which was really a countercoup – that led to the arrest of dozens of Saudi Arabian royals, ministers and businessmen allowing Mohammed to further cement control over the Kingdom, appeared to be widening on Monday when, as Reuters reports, […]

Kunstler: What Could Go Wrong?

Everybody and his uncle, and his uncle’s mother’s uncle, believes that the stock markets will be zooming to new record highs this week, and probably so, because it is the time of year to fatten up, just as the Thanksgiving turkeys are happily fattening up — prior to their mass slaughter. President Trump’s new Federal […]

The Central Bank Bubble: How Will It Burst?

Alberto Gallo of Algebris Investments steps up to take his shot at the $64,000 (more like trillion) question in a report published this week “The Central Bank Bubble: How Will It Burst?” Gallo manages the Algebris Macro Credit Fund described as “an unconstrained strategy investing across global bond and credit markets, and with lead responsibility […]

Missile intercepted near Riyadh

Saudi Arabia says it has intercepted a ballistic missile fired from Yemen, after a loud explosion was heard near Riyadh airport on Saturday evening. The missile was destroyed over the capital and fragments landed in the airport area, officials quoted by the official Saudi Press Agency said. A TV channel linked to Houthi rebels in […]

Iran Urges Russia To Ditch The Dollar, Isolate America

Iran has suggested isolating the US by ditching the dollar during a meeting yesterday with Russian President Vladimir Putin in Tehran. Remonstrating against US threats to impose new sanctions and cancel the nuclear agreement, Ayatollah Ali Khamenei branded the US an enemy and urged Moscow to completely sever ties with the US currency: “By ignoring […]

Iraq Wants Control Of Kurdish Region’s Oil

Iraq wants the Kurdistan region to stop independent crude exports and to hand over sales operations to the Iraqi state-oil marketer SOMO, the company’s director said on Thursday. Iraq is talking to Turkey to allow SOMO to sell the Kurdish crude that arrives by pipeline in Ceyhan, the Turkish terminal on the Mediterranean, acting SOMO […]

Exodus: Why Are People Compelled to Leave their Homes?

Facts are facts, and one of them is that while everybody talks about the growing forced movement of people –be they migrants or refugees—decision-makers haven’t seriously acted on the root causes of why millions of humans are compelled to leave their homes. There has been a surge in international migration in recent years, reaching a […]

Let’s Talk Candidly About Energy

Even though Americans are working more hours, many are still watching their paychecks erode and saving less money – if they are saving anything at all. Against this current backdrop, people across the country are spending an annual average of $3,512 per person on energy, according to the U.S. Energy Information Administration (EIA). With the […]

Trump to Auction Off Swaths of Gulf of Mexico to Oil Companies

The Trump administration made history Tuesday in proposing that nearly 77 million acres in the Gulf of Mexico be made available for companies wanting to purchase federal oil and gas leases — the largest offering ever in the United States. In announcing the sale, the Interior Department compared the targeted waters to “about the size of […]

Turns Out, the US Does Have That Iraqi Oil

Before America’s Twitter-loving president made it to the Oval Office, a recurring theme was that the U.S. should have gotten hold of Iraq’s oil after toppling Saddam Hussein. There’s this: We should have gotten more of the oil in Syria, and we should have gotten more of the oil in Iraq. Dumb leaders. — Donald […]

The World’s New Reserve Currency? Everything You Need To Know About PetroYuan

Earlier this week, we pointed out that the ‘PetroYuan’ is on the verge of becoming reality with Graticule’s Adam Levinson noting that the birth of a yuan-denominated oil contract will be a “huge story” in the fourth quarter, and will be a “wake up call” for investors who haven’t paid attention to the plans. As […]

Lies And Distractions Surrounding The Diminishing Petrodollar

There are a few important rules you have to follow if you want to join the consortium of mainstream economic con-men/analysts. Take special note if you plan on becoming one of these very “special” people: 1) Never discuss the reality that government fiscal statistics are not the true picture of the health of the economy. […]

“It’s A Huge Story”: China Launching “Petroyuan” In Two Months

As a reminder, nothing lasts forever… The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system. “The dominance of the greenback is the root cause of global financial and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based […]

Let’s End Subsidies For Fossil Fuels, Not Renewables

Environmental Protection Agency Administrator Scott Pruitt recently proposed eliminating federal tax credits for wind and solar power, arguing that they should “stand on their own and compete against coal and natural gas and other sources” as opposed to “being propped up by tax incentives and other types of credits….” Stand on their own? Pruitt surely […]

One billion ‘invisible people’ miss out on basics

(FILES) This file photo taken on September 24, 2016 shows children from the Suri tribe posing in Ethiopia’s southern Omo Valley region near Kibbish. More than 1.1 billion people worldwide officially don’t exist — going about their daily lives without proof of identity. The issue leaves a significant fraction of the global population deprived of […]

Here Is The IMF’s Global Financial Crash Scenario

Hidden almost all the way in the end of the first chapter of the IMF’s latest Financial Stability Report, is a surprisingly candid discussion on the topic of whether “Rising Medium-Term Vulnerabilities Could Derail the Global Recovery”, which is a politically correct way of saying is the financial system on the verge of crashing. In […]

An ecological view of Trump’s trade war

Whether you regard President Donald Trump’s rejection of America’s trade agreements as a good thing or a bad thing, few people understand what canceling them would mean. From an ecological point of view, abruptly pulling out of trade agreements, agreements which have resulted in innumerable long-term investments and commitments, is the ecological equivalent of a […]

US-allied forces take Syria’s largest oil field from Islamic State

US-allied forces have captured Syria’s largest oil field from the Islamic State group. The Kurdish-led Syrian Democratic Forces (SDF), who are in a race with Russian-backed Syrian government forces to seize parts of the oil-rich Deir el-Zour province, said they are in full control of the Al-Omar field. The Syrian Observatory for Human Rights said […]

Kirkuk crisis just beginning

Reports emerged Monday that ISIS had been defeated in Raqqa, the Syrian city it claims as its capital, signaling a major victory in the years-long battle against the militant group and the near end to its self-declared caliphate. But already there are signs the post-ISIS battles are only beginning: In neighboring Iraq, government forces have […]

Kunstler: Into the Cold and Dark

It amuses me that the nation is so caught up in the sexual mischief of a single Hollywood producer when the nation as a whole is getting fucked sideways and upside down by its own political caretakers. Behind all the smoke, mirrors, Trump bluster, Schumer fog, and media mystification about the vaudeville act known as […]

Globalists Want To Cull 90% Of World’s Population

Alex Jones breaks down the Globalists plan to cull, or selectively slaughter, 90% of the world’s population in an attempt to cleanse the genetic makeup of human beings across the planet.

Baghdad retakes Kirkuk oil fields

Update includes: Details of pre-operation agreement to avoid violence Political fallout in the KRG Paradigm shift for Iraqi and Kurdistan oil sectors Additional comments by NOC DG Farid al-Jadir KIRKUK – Federal Iraqi security forces reclaimed oil assets, government buildings and military installations in Kirkuk during an ongoing operation to take control of the disputed […]

Superfluous people

In the first half of the 19th century, Russian writers created a kind of romantic anti-hero – a man of talents, education and sensitivity who is unable to find a place for himself in the contemporary world. Based on the title of Ivan Turgenev’s novel, this lot came to be called “superfluous men.” I recently […]

War With Iran Was Planned Decades Ago

Last week, as I reflected on my recent three-part series filled with bold predictions, I began to question whether or not I was being too negative. Upon hearing Trump’s Iran speech Friday, I became convinced that everything I wrote had merit. The speech was downright terrifying, serving to confirm all my worst fears about what […]

The Death Of Petrodollars & The Coming Renaissance Of Macro Investing

The petrodollar system is being undermined by exponential growth in technology and shifting geopolitics. What comes next is a paradigm shift… In the summer of 1974, Treasury Secretary William Simon traveled to Saudi Arabia and secretly struck a momentous deal with the kingdom. The U.S. agreed to purchase oil from Saudi Arabia, provide weapons, and […]

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