Quote:OPEC takes back driver’s seat in oil market
how did OPEC accomplish that by a deal that includes a major concession by Saudi Arabia at its own expense from which IRAN is the major beneficiary..in fact the only beneficiary.
that Saudi concession will force the price of oil up to 70 dollars by next spring.
you must know about the fierce enmity between the Saudis and Iran. yet they made a deal that the west in particular did not expect and from which they loose.
well why?
the Russian and Chinese and the prospect of an Asian century looming. not to mention of course current Saudi financial problems and internal troubles.
but all see that there is no future with the american robber baron whose modus is debt slavery and total robbery, with war as its means. the OBOR is not like that at all.
check my post today on OBOR by Engdhall
check Bhadrakumar here too:
Quote:As more details emerge regarding the meeting of the Organization of Petroleum Exporting Countries (OPEC) at Algiers last week, it becomes apparent that the rumours of the cartel’s impending death were greatly exaggerated. The OPEC has shocked the world with a production cut deal that was simply considered impossible against the backdrop of the bitter rivalry between the kingpin of the cartel, Saudi Arabia, and Iran. In the event, amidst much horse trading, a deal became possible with Saudi Arabia agreeing that Iran, which is recovering from years of western sanctions, can be exempted from any cut in production.
How to explain this development that has stunned the West? Let me retrace to a column I wrote a month ago for Asia Times entitled Pay heed to the butterfly effect of Putin-Salman oil deal in Hangzhou. What we are seeing are the first signs of a tectonic shift in oil politics with Russia positioning itself to replace the United States “from its 70-year old pivotal status as Saudi Arabia’s number one partner in energyâ€. Interestingly, Russia’s Energy Minister Alexander Novak was waiting in the wings through the OPEC meet in Algiers, although his country is not even a member of the cartel.
How far Novak brought about proximity between his Saudi and Iranian counterparts is hard to tell, but for sure, Moscow played a behind-the-scenes proactive role to encourage a modus vivendi between Riyadh and Tehran on this front. For both Russia and Saudi Arabia, the low oil price is hurting their economies, as it means reduced income from oil exports, which is their main source of income too. Iran is better off because, paradoxically, the years of western sanctions on its oil exports compelled Tehran to diversify its economy away from critical dependence on oil. Oil exports today account for less than one-third of Iran’s income.
Quote:The difference Maps is these are things that I know from reading many opinion pieces and news articles . I do my own analysis and formulate my own opinions . I do not parrot other columnist's opinions
I do the same...but I cannot dismiss what I know to be useful in promoting a point I have developed consistent with my overall point of view and goal.
my view is absolutely radical even if I say so myself. yet we are at a stage generally when my point of view will not get very fare.
so what do I do ::confused::
I know whats best and right and look at this stage to observe what is moving in the direction of what I see to be right.
OBOR is right. TTIP is deadly for the people. NAFTA is deadly same way. these look to establish a corporate state in the world..government by corporations with the financials at the top.
that is Brave New World. OBOR is not. OBOR prepares the way for the revolution.
[quote author=Kwami link=topic=106446.msg715538#msg715538 date=1475614405]
You forgot Pepe Escobar
[/quote]
pepe is ok..respected and all that. but he is not really basic, teaching. you cant go into him and get info that would clear up intellectual needs..analytic needs.
if you read Craig Roberts you get some of that..Michael Hudson, Richard Wolff and others.
Pepe is not hurtful but we need at times as we go deeper analysis..methods of analysis that would serve us to go forward ourselves, on our own.
I doh worry about Ketchim..he is a foil to use to explain things, to get points across..and to lighten up your woodpile the more wood/lixxxx you drop pon him.
Ramesh is well intentioned. he is sincere in his commitment to his people. I cant fault him for that. I expect all people are like that and I have no quarrel with it
Maps, Saudi Arabia is in serious trouble , It is running out of money by it's hopeless war in Yemen and funding of terrorists in Syria It has now changed to the Gregorian calendar to save money by paying Govt workers two weeks less pay in addition to cutting salaries by 20 percent ,
It is now squeezed by the American congress who recently passed a law allowing Americans to sue them for 911.
Saudi Arabia has 750 billions invested in America mostly in treasury bills and the Jewish bankers are eying this .
Other columnist would not tell you this but the only reason the Saudis was pumping crude like there was no tomorrow was because The Americans told to so as to squeeze Russia , sanctions et all .
It did not work , Oil was trading for over 100 dollars a barrel and it went down to 26 dollars .
Saudi Arabia is now paying the price in following the US blindly
this is true but far from all. what is more fundamental is americans ability to deliver what the Saud elites need desperately...and that is security for their continued domination of the their country
the american congress has given americans the freedom to go after Saudi Arabia for 911.
now that is awful and proves to the Saudis that they cannot trust america and the Israelis. nothing Saudi has in the USA and where it can be reached by the americans is safe. and the Saudis may not have had anything to do with 911
everybody know who did 9/11 and it is not the Saudis yet thousands of americans can sue them for 911 now
and what you can see immediately is hedging by the Saudis. that is why they can now make a deal with Iran..because even Iran their enemy is more trustworthy than america..
look here. the chinese and russians will make deals with any country but leave their internal situation to them. they will not get in. what hey will do is insist on proper relations between nations and work with them to resolve situations.
so the Saudis can be safe in their kingdom free from external interference but must deal with their internal problems on their own. so the Saudis can go into Asia safely but prepared to take their chances with their population in terms of revolution. they will have to give up the Yemen war as well and of course their prosperity will return.
there is no doubt at all that they will be forced to start make political reforms at home to starve off revolution. so will all those they have supported like Bahrain.
also american is broke totally and cannot even pay off the financial instruments that the Sauds, China and so on hold by the trillions.
its the tombs for the USA....20-30 years at best. dat is why the crazy ones want to fight.
american has one chance and one chance only..and that is to go home and deal effectively with their Jews. in doing so they must:
kill the federal reserve and all wall street banks. they must simply end the fed by writing off all debt owed it by the government and so wind it up.
then the treasury must call in all the loans owed by the wall street banks from quantitative easing and other loans made by the government that kept them solvent. they cant pay so drive them into bankruptcy and wind them up.
next step is to prosecute all the bankers for their financial crimes send them to jail and confiscate all their wealth as additional penalty.
next step effect all anti trust laws on the books already to bust up the corporations...all fo them imposing size restriction on business entities. and in process collect all back taxes on corporations literally taking them over as well for that reason.
next step eliminate the stock markets.
next step write off all popular credit card debt, all student loans, all mortgages save those on the rich and on businesses. small and medium to large enough. the corporations will be taken over and the business they do transformed into small medium businesses.
next step reduce banking to ordinary service oriented activity strictly controlled by size and function to ensure they never rise again to take over..location as well. they are to serve neighborhoods and dats that.
next step end income taxes. if you shut down the federal reserve..the central bank them the government spends its own money without debt incurs no debt at all and has no debt to pay. therefore no need for income taxes.
and with that the next logical stem that would return prosperity to american in 6 months to a year...a massive public works program that rebuilds american infrastructure and puts everybody to work direct and indirectly.
spending on infrastructure by printing the money to do so is sound economic policy.
at the same time bring all american military personnel home. stopping the american empire will kill the military budget and make available for development great wealth to help america back on its feet.
the massive infrastructure would absorb all the soldiers now free to develop civilian careers.
but americna cannot guarantee the security of the saudi state anymore man and hey are looking for alternatives..which is why they are talking with the Russians and Chinese. indeed it is already much more than talk..working with the chinese and russians on the future.
but they will have to pay a price the Sauds..and that would be ending the Yemen war and political reforms at hoome
