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Thursday, August 18, 2022

Biden zombie sells out the American nation [Video]

Joe Biden is certainly not the president of the United States. He does not have the initiative to do the job. This is particularly true now. However, he is sitting in the office of Chief Executive of the United States, and as such he can wield a lot of power, and he is… all in…

The end of the oil age

Submitted by InfoBrics, authored by Lucas Leiroz, research fellow in international law at the Federal University of Rio de Janeiro… A historic agreement was signed last weekend between the main oil powers in the world, promoting an unprecedented cut in the production of daily barrels in order to face the global economic crisis generated by…

Saudi Arabia faces double budget hit from oil prices & corona

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss how Saudi Arabia’s oil price war is bringing the Kingdom to its knees. OilPrice.com reports () At $30 a Brent barrel, the Saudi wealth fund will deplete fast and reduced government spending will stall projects, and the already suffering private non-oil sector will suffer further. That’s…

Russia Just Told the World, “No.”

Authored by Tom Luongo via Gold, Goats ‘n Guns blog: There is real power in the word “No.” In fact, I’d argue that it is the single most powerful word in any language. In the midst of the worst market meltdown in a dozen years which has at its source problems within global dollar-funding markets,…

Russia halts OPEC oil production cut amidst Coronavirus panic (Video)

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss meetings held in Vienna for the Organization of Petroleum Exporting Countries (OPEC) cartel and OPEC+, which resulted in an impasse for negotiating production cuts amidst the coronavirus outbreak. Crude prices hit 2017 lows. OPEC+ leader, Russia, does not want to cut oil production and instead is…

Time for America to leave the Middle East

Submitted by InfoBrics, authored by William Stroock, author of military fiction… In the 19th century, the United States and Europe thought the Middle East was a hot, exotic backwater. The region was governed by the Ottoman empire, the ‘sick man of Europe’ propped up by competing powers fearful of one another’s ambitions. In the power vacuum…

Oil at $100 per barrel? Attack on Saudi refineries could shake oil market further

Via RT… The drone strike on key Saudi oil facilities could stoke already-flaring tensions in the Middle East, driving crude prices higher amid growing fears of supply shortages, market and industry experts believe. The devastating attack on major Saudi oil refineries at Abqaiq and Khurais slashed the kingdom’s output by 50 percent and knocked out…
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