GWPF | 17 Dec 2014 The collapsing oil price that is reshaping the global economy could derail the green energy revolution by making renewable power sources prohibitively bad value, experts have warned. A new “era of cheap oil” would be good news for consumers and motorists – but analysts say the consequences for politics, industry…
GWPF | 10 Dec 2014 North America To Flood The World With Cheap & Abundant Fossil Fuels North America, once a sponge that sucked in a significant portion of the world’s oil, will instead be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to ExxonMobil’s annual long-term…
by Mac Slavo | SHTFplan.com | December 2, 2014 The Cold War 2.0 is going hot The Cold War 2.0 is going hot, and while it may someday be fought with planes, tanks, guns and bombs, the first front is being fought with oil and shale gas. The U.S. and European sanctions against Russia…
Michael Snyder | The Economic Collapse | 30 November 2014 There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded…
Robert Windrem | This Day Live | 30 Nov 2014 When the terrorist group Boko Haram kidnapped more than 250 Nigerian schoolgirls last spring, many news reports noted that Nigeria had long been one of the biggest suppliers of oil to the United States, suggesting that economic relationship gave Washington a strong incentive to help…
Ambrose Evans-Pritchard | The Telegraph | 30 Nov 2014 Saudi Arabia and the core Opec states are taking an immense political gamble by letting crude oil prices crash to $66 a barrel, if their aim is to shake out the weakest shale producers in the US. A deep slump in prices might equally heighten geostrategic…
by Fazel Hawramy, Luke Harding | The Guardian | November 19, 2014 Coalition air strikes have not stopped the militant group from earning millions of dollars a week from its Iraqi oil operations Islamic State has consolidated its grip on oil supplies in Iraq and now presides over a sophisticated smuggling empire with illegal exports…
William Engdahl | New Eastern Outlook | 6 Nov 2014 By now even the New York Times is openly talking about the secret Obama Administration strategy of trying to bankrupt Russia by using its oil-bloated Bedouin bosom buddy, Saudi Arabia, to collapse the world price of oil. However, it’s beginning to look like the neo-conservative Russia-haters…
Pepe Escobar | Asia Times | 31 Oct 2014 Islamic State leader Caliph Ibrahim – aka Abu Bakr al-Baghdadi – never ceases to amaze us – and most of all his powerful petrodollar-stuffed backers. The Caliph is for all practical purposes now an oil major worth of membership of the Organization of the Petroleum Exporting…
F. William Engdahl | Geopolitics-Geoeconomics | 24 Oct 2014 The details are emerging of a new secret and quite stupid Saudi-US deal on Syria and the so-called IS. It involves oil and gas control of the entire region and the weakening of Russia and Iran by Saudi Arabian flooding the world market with cheap oil.…