Iraq

OPEC Cheating Will Cap Oil At $52

OPEC succeeded in pulling off what many thought was impossible, overcoming mutual disdain and mistrust to reach a deal on reducing its oil output. Oil prices skyrocketed on the news, up more than 12% since the agreement was announced last week. But what if there is much less to the deal than meets the eye? What if OPEC does not actually follow through on the promised production cuts?

Frontrunning: December 7

  • Futures rise for third day in a row (Reuters); Banks Lead Stock Rally as Bonds Gain With Hopes Pinned on Draghi (BBG)
  • Monte dei Paschi bolsters European stocks, ECB looms (Reuters)
  • Finding Risk in All the Wrong Places as Trump Era Begins (BBG)
  • Goldman Tells Stock Pickers to Rejoice as Correlations Decline (BBG)
  • Trump’s ‘Wall’ at Mexico Border Vanishing as GOP Lawmakers Bolt (BBG)

Trump’s Shot Across China’s Bow

"Trump’s purely symbolic shot across the bow, as an answer to all of China’s more-or-less purely symbolic boundary pushing in the Western Pacific, should, in fact, actually help the Chinese stay out of trouble, by putting them on notice that actions do have consequences, that there actually are costs to trying to repeatedly pin a clown nose on the sheriff."

Watch Ron Paul Ask If Trump Can Leash Pentagon "Mad Dog" Mattis: Live Feed

President-elect Trump's choice of Gen. James Mattis to be Defense Secretary has raised more than a few eyebrows. Not only as a military officer in a traditionally civilian position, but also as an executive in a leading defense contractor. His views on Iran are also considered extreme and not grounded in reality. Ron Paul asks "Will the mad dog be leashed?" in the following live discussion...

How Russia Outsmarted OPEC

Russia, along with Iran, could turn into the big winner of the agreement, enjoying high output and higher prices, which would allow it to further expand its global market share. Unless, of course, OPEC lies, as former Saudi Oil Minister Ali al-Naimi plainly said this week. “Unfortunately,” he said, “we tend to cheat,” commenting on how OPEC handles its only tool of market rebalancing: production cuts.

WikiLeaks Documents Reveal Sinister Relations Between Erdogan And ISIS

Accusations and allegations that the Turkish government - and, specifically,  members of Erdogan's family- has an active role in the oil smuggling from areas that are controlled by the “Islamic State”, were some of the most important subjects that were breached but never confirmed in 2015. Today, the leaking of all the emails from the Turkish energy minister by Wikileaks confirms these allegations.

A Banana Republic In The Making - "The Glue Of Reason In India Is Flaking"

"Sane Indians should stay a step ahead of their rapacious government and the evolving totalitarian society, which are less and less inhibited by any institutions or values in support of liberty... India will become a police state, likely with the full support of most Indians. The glue of reason that the British have applied is flaking, and it is doing so rapidly under the catalyst by name of Narendra Modi."

The Orwellian War On Skepticism

Under the cover of battling “fake news,” the mainstream U.S. news media and officialdom are taking aim at journalistic skepticism when it is directed at the pronouncements of the U.S. government and its allies.

Official Washington's "Info-Wars"

If the American mainstream media were officially state-controlled, would they look or sound significantly different when it comes to U.S. foreign policy?