UK Inquiry Finds Gulf "Allies" Sustaining ISIS In The Face Of Oil Price Collapse

Some might wonder to what extent Gulf Arab financing has continued to subsidise the caliphate. Certainly, IS was able to draw on some other sources of income between January 2015, when Raqqa’s economy had reportedly collapsed, and mid-January 2016, when IS forces have been able to launch a major new Syrian offensive. The money is coming from somewhere.”

"I'll Go Full Power If There's No Agreement" - Kuwait Breaks OPEC Production Freeze

Kuwait's oil minister said on Tuesday that his country's participation in an output freeze would require all major oil producers, including Iran, to be on board. "I'll go full power if there's no agreement. Every barrel I produce I'll sell," Anas al-Saleh told reporters in Kuwait City. And since Iran has made it very, very clear it will not join the production freeze at its current mothballed output, and will need at least 9-12 months before it regains its pre-embargo capacity levels, one can forget about a production freeze well into 2017 if not for ever since by then at least one if not more OPEC members will be bankrupt.

Frontrunning: March 8

  • Global Stocks Drop on Renewed Concerns About China (WSJ)
  • Iron Ore's Rally Stalls as Goldman to Citigroup Forecast Retreat (BBG)
  • EU and Turkey close to groundbreaking migrant deal (FT)
  • Carney's `Brexit' Stance Under Fire as BOE Accused of Bias (BBG)
  • Oil edges lower after Kuwait dents hopes for output freeze (Reuters)

Former UK Ambassador To Syria: US/UK Foreign Policy Is Doomed, Even Corrupt

"Realistically, Assad is not going to be overthrown. This becomes more clear with every day that passes. Western analysts have been indulging in wishful thinking for 5 years; it’s time to get real, we owe it to the Syrian people to be much more realistic and hard headed about this. The West has to stop propping up the so-called 'moderate opposition', which is not moderate at all."

Donald Trump Responds To Romney's 'Roundhouse' - Live Feed

Following the unprecedented Romney roundhouse kick to Trump's character, The Donald is about to rebuff "the loser." As John McCain backs Romney's rant, it appears yesterday's Koch Borthers, Icahn, Murdoch mega-donor call for a truce has been broken as Trump prepares to return fire against "failed candidate Romney" and his establishment cronies.

Who Will Be Left Standing At The End Of The Oil War

This is a financial cold war - nothing more, nothing less. The variables of the breakeven game favor U.S. shale. But Saudi Arabia won’t give up the cold war path easily because its ultimate goal is to preserve its market share at all costs.

Hillary Clinton’s Six Foreign-Policy Catastrophes

Many commentators have mentioned that Hillary Clinton left behind no major achievement as the U.S. Secretary of State; but, actually, she did. Unfortunately, all of her major achievements were bad, and some were catastrophic. Six countries were especially involved: Honduras, Haiti, Afghanistan, Libya, Syria, and Ukraine. The harm she did to each country was not in the interest of the American people, and it was disastrous for the residents there. Hillary Clinton at every campaign debate says “I have a better track-record,” and that she’s “a progressive who gets things done.” Here’s what she has actually done when she was Secretary of State...

Road To World War III: Turkish Army Enters Syria After Second Day Of Shelling As Saudi Warplanes Arrive

On Saturday, the geopolitical world was shocked when Turkey began shelling Aleppo, where the Syrian opposition has its back against the wall in the face of an aggressive advance by Hezbollah and the IRGC backed, of course, by Russian airstrikes. On Sunday, the world continued down the road to a global conflict as Turkish shelling continued unabated and Saudi warplanes arrived at Incirlik.

Saudi Stocks Slammed As War Worries Trump Dead-Crude-Bounce

Oil's late week surge provided much buying excitement asd Mid-East equity markets opened with flashing green numbers across every screen. However, by the close, it was a sea of red with Kuwait, Egypt, Amman, and Iraq all lower and Saudi's Tadawul All Share Index tumbling almost 4% from the opening highs as war worries dragged The Kingdom's stock market back near 5-year lows.

Is The US Leading Saudi Arabia Down The Kuwaiti Invasion Road?

Saudi Arabia and Turkey are both pushed into a corner over the shifting power base in the Middle East. The paranoia and desperation, like Saddam in 1990, could very well cause both countries to commit to the very act of aggression which will lead to their ultimate demise and removal from a position of influence within the region. Are we on the verge of another war?