This is big. The United Arab Emirates has just announced that it’s leaving OPEC in order to boost production in order to support the Iran War. The UAE was a founding member of OPEC and it’s one of the largest oil producers. OPEC nations have mixed positions on the Iran war. Qatar is Iran’s closest […]
Macron warns EU ‘must reduce’ dependence on U.S. dollar to avoid conflict with China
French President Emmanuel Macron doesn’t want to “follow America” into a war with China over Taiwan, and has said that “Europe needs its ‘strategic autonomy’ from the United States, including potentially its dependence on the dollar.” Of course, Macron is looking out for himself, but even so, France would benefit from his proposals. This is […]
Biden Wanted Saudis to Hold Oil Cut Until After Midterms
Trying to get a foreign regime to intervene in our elections. Imagine a Republican in the White House and that would have been the lede, there would, by now, have been calls for an investigation, subpoenas, lawsuits and impeachment proposals. With a Democrat, it’s just subtext. Days before a major oil-production cut by OPEC and its […]
Green Biden scrambles to boost American oil production after OPEC cuts
Yet another blow to America: OPEC is cutting oil production by two million barrels per day, leaving White House with little option but to walk back its green agenda, following swift denunciations of OPEC for being “shortsighted,” making “a mistake,” supporting Russia, and being self-serving (as if the Biden administration isn’t). In pursuit of the […]
Saudi prince who has invested heavily in US invested $500,000,000 in Russian firms at war onset
America finds itself in an economic nightmare, and is in free fall internationally. Foreign countries and even enemies either respected or feared Donald Trump. He was wildly popular in India, which is now tightening its economic ties with Russia, and relations with Saudi Arabia were also warm. Even Putin stated that Trump should be respected for his “democratic mandate.” Joe […]
Hugh Fitzgerald: Saudi Arabia’s Sauve Qui Peut
Saudi spokesmen made three significant – even stunning –announcements last week. The first one came from the Saudi Arabian Oil Minister Ali al-Naimi, speaking to oil company executives at a meeting in Houston. He announced that Saudi Arabia was going to break completely with its past policy, would no longer be OPEC’s swing producer, and […]
Hugh Fitzgerald: Islam à voile et à vapeur
There is a French phrase — “Il marche à voile et à vapeur” — literally, “it moves by sail or by steam,” which refers, however, not to a sailboat or a steamboat or a boat that can move using either means of propulsion but, rather, in the witty French manner, to a person who is […]