Saudi Arabia

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Nordea Warns Of EU Recession And $150 Oil If Russia Retaliates





Oil prices have increased recently as tension in Ukraine has escalated and raised concerns about the risks of disruption in Russian energy exports. There is a risk that the security situation in the east Ukraine will worsen even further ahead of the 25 May elections. As Nordea notes, Russia is as important an oil exporter to Europe (of both crude and refined products) as it is a gas exporter, and the consequences of a cut in Russian oil supplies could be as grave since the global oil market has little back-up capacity to lean on. As a result, a halt in the oil deliveries from Russia to Europe will spark a sharp spike in oil prices (potentially to $150/bbl) and in a worst case scenario an oil crisis and European recession (and major slowdown in global growth) and US shale oil or an SPR release will prevent the spike.

 
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Battleground Ukraine: A Comprehensive Summary (From A Russian Perspective)





This is an impressive, comprehensive analysis of the February 2014 Ukraine coup from the perspective of a senior Russian academic. It details the interests and affiliations of the main Ukrainian domestic players - oligarchical clans many of whose leaders have dual nationality - with some shocking and little known detail. It exposes the glaring hypocrisies and double standards of the western sponsors of the coup and their Russian/Ukrainian '5th Column traitors'. It sees the coup and Russia's successful incorporation of Crimea as major game-changing events in the on-going, US-lead post-WWII machinations of the West to subdue Russia to its own agenda and outlines how Russia should now respond. All-in-all a must-read for westerners needing to understand what is really happening in both the Ukraine and the wider Anglo-US-NATO globalisation drive which it brings into sharp focus

 
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Fueling The New World Order: Where Does China Import Its Crude Oil From?





As China's ravenous appetite for oil surpasses that of the US which is enjoying an unexpected, if transitory, boom of shale oil production, which according to some experts may have already peaked, it means suddenly China is far more are the mercy of its core suppliers - the same way that for decades the US had no choice but to be best friends with Saudi Arabia, at least until Canada became the biggest supplier of crude to the US by a huge margin. So which are the countries that China relies most on for its daily energy importing needs? The map below has the answer.

 
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Prince Bandar bin Sultan, Head Of Saudi Intelligence, Has Been Sacked





In the aftermath of the disastrous, for both the US and Saudi Arabia, false flag campaign to replace the Syrian regime with one which would be amenable to allowing a Qatari gas pipeline to pass underneath the Al-Qaeda rebel infested country, there were numerous rumors that the reign of Saudi's infamous former ambassador to the US and current intelligence chief, Prince Bandar "Bush" bin Sultan - the man who we suggested was the puppetmaster behind the entire failed operation - had come to an end. Some two months ago, Shia Post reported that "News sources announced that the chief of the Saudi spying apparatus Bandar bin Sultan has been dismissed." Moments ago, in a tersely worded statement from the Saudi Press Agency, it was indeed confirmed that, perhaps in response to his failed handling of the Syrian conflict, Prince Bandar has indeed been sacked.

 
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Is China Already The World's Largest 'Owner' As Opposed To 'Holder' Of Gold?





Combining China's aggregate domestic production and apparent imports indicates that she has now over 3,514 tonnes. Assuming the U.S. still owns all the gold held by the Fed, this would make China the world's second largest national owner... but it remains unclear whether the Fed's published Gold holdings are actually the property of other nations. Clearly the recent price rise in gold owes something to inflation fears, repressed interest rates and to the Ukrainian situation. In the meantime, a growing awareness of a possible serious and increasing shortage of physical gold and a decline in the power of western central banks to suppress the price, point to a resumption of the fundamental bull market in gold, despite a possible increase in fears of recession.

 
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Obama On The Red Line And On The Rat Line





Read Seymour Hersh’s devastating account of Obama’s Red Lines and Rat Lines and weep for the Republic. It is no more.

 
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Russian Sanctions And The Negative Effect On Global Energy Security





For the first time ever in the history of US-Russian relations we are seeing a public debate about a threat of economic sanctions that may have a long-range negative effect on global energy security. The Obama administration acts as if it is guided by a chapter out of an old Soviet textbook on political economy. At the moment, apparently, the sacred dogma of the free market, from Samuelson to Friedman, can be conveniently overlooked for the sake of punishing a sovereign nation. When the head of the most influential state in the world talks about manipulating market prices to punish recalcitrant players, what kind of “global free market” and fair play are we really talking about? After a series of headline-grabbing statements about the possibility of “switching” European consumers over to American gas, the US media hastened to announce the launch of Obama’s oil and gas offensive against Russia. In reality the EU is not currently prepared, neither technically nor in terms of price, to buy its energy resources from the US.  It would take at least ten years to adapt even the technically advanced German energy system to work with American gas supply. In a crisis, when it is particularly urgent to see a quick return on an investment, such projects are unrealistic.

 
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And The World's "Most Powerful" Nation Is...





In terms of economic might, BBVA has created an index of "world market power" enabling an at-a-glance view of a nation's impact on the global economy via relevance of exports, exposure to external shocks, technological content, and retained value-added. And the winner is... Hint, not USA...

 
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Why Turkey Was Planning A False Flag Operation In Syria





You’ve probably heard about the recent leaked conversations involving Turkey. It was stunning to hear the highest-ranking Turks casually discussing how to provoke a false flag incident that would justify a large military intervention in Syria. This is a big deal because Turkish troops in Syria opens the door to NATO troops in Syria, which drastically expands the conflict. In case you didn’t know, a false flag is an incident that is designed to deceive people into thinking it was actually carried out by someone else. The same tactic is used by the world’s militaries and intelligence services to nefarious effect. Many believe the Reichstag fire incident that allowed Hitler to drastically expand his power was a false flag operation. So, why would the Turks propose doing such a thing in Syria?

 
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Saudi Arabia Passes New Law That Declares Atheists "Terrorists"





Nothing like being close allies with one of the most despotic, Medieval and backwards societies on planet earth. Never forget, the USA brings democracy to the world! With the exception of puppet governments sitting on billions of barrels of oil reserves and disturbing ties to the 9/11 attacks. Those governments we love.

 
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Meanwhile, Tens Of Thousands Of Russian Troops Continue Piling Up At Ukraine's Borders - The Full Update





With Russia continuing to diplomatically assure the world that no invasion is pending, and rather comically asking for President Obama's benevolent aid in policing the treatment of Russians in non-Crimean Ukraine; it seems from all actions (as opposed to words) that Putin is pressing ahead with building his forces (up to 60,000) around the divided nation and as Dmitry Tymchuk notes, planning for invasion from Chernihiv to Donetsk. Internal politics continue to roil as Klitschko pulls out of the Presidential election (just as the US wanted) but we suspect the Ukrainians will be confused to discover their USA saviors have been spying on the future Premier Tymoshenko for years. The people of Ukraine are likely a little upset at We are sure Kerry and Lavrov will have plenty to discuss tomorrow in Paris and perhaps the following map will be a good starting point.

 
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China & Germany Sign Yuan-Settlement Pact And Obama Heads To Saudi Arabia





Lots of moves appear to be afoot on the macro front at the moment. Today's deal between the People’s Bank of China (PBOC) and Germany’s Bundesbank seems quite significant given the importance of Germany within the global economy generally and the E.U. specifically. And with that in mind, let’s not forget that Obama is currently in Saudi Arabia trying to restore ties with the Medieival Kingdom, i.e., he is trying to figure out a way to arm al-Qaeda in Syria without the American public finding out about it. It appears that becoming entrenched in a Syrian civil war is still very much on the table...  The months ahead should be very interesting to say the least.

 
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A U.S.-Saudi Move to Lower Oil Prices?





Could the U.S. unleash a flood of oil from the strategic petroleum reserve that would drive down prices in order to punish Russia? While the idea has been kicked around over the last few weeks – most recently by George Soros – it has also been dismissed as not a serious option. Some say the impact of an oil sale, if it actually succeeded in lower prices, would be temporary. Saudi Arabia could cut back on production to keep oil prices at their current levels. Others decried the idea as contrary to the objective of the SPR, which has been setup to be used only in cases of emergency. However, any collusion would be a problem since the Saudi King is convinced the U.S. is “unreliable,” and relations between the two countries hit a low point after Obama’s back and forth over air strikes on Syria last year.

 
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