(OilandGasInvestmentBulletin) – Current OPEC spare capacity would suggest a lower world oil price, but the distribution of this spare capacity could be one reason why oil prices are higher than many experts think it should be.
Usually the more spare capacity (supply) in a market there is the lower the price – simple economics. But the reality is that Saudi Arabia is the only country in the world with significant spare capacity to produce more oil in the world and influence prices. And they currently favour a $70-$80 barrel oil price.
In 2003, OPEC had 2 million barrels a day LESS spare capacity it has now, and oil was under $40/barrel – but spare capacity was more evenly spread out among the 11 member states.
If everybody has spare capacity, the potential for cheating on production quotas is greatly increased and that carries a higher downside risk for prices. Should the world economy grow more quickly, only the Saudis have the ability to increase production enough to meet demand and influence prices. Read entire article
(SaharaReporters) – The Return Of An Old Militia: Will It Haunt Central Africa? – Scott A Morgan Read More Here
(InfoClearingHouse) – Film: Iraq – The Hidden War
The Hidden Story shows the footage used by TV news broadcasts, and compares it with the devastatingly powerful uncensored footage of the aftermath of the carnage that is becoming a part of the fabric of life in Iraq. Film Link Here
(InfoClearingHouse) – Film: Sir! No Sir! – The Suppressed Story of The GI Movement to end the war in Viet Nam
Learning that their reality was far different from the one being presented to the American public, many G.I.s began contributing to underground newspapers, planning demonstrations and refusing to continue in battle. Toward the end of the conflict, some even turned on their own officers, tossing grenades into their tents as they slept. Film Link Here
(PaulWatson) – Video: New Big Screen Documentary Exposes Pat Tillman Cover-Up
Evidence strongly indicates Tillman was murdered to prevent him from becoming an anti-war icon View More Here
(CNN) – N. Korea: U.S. bringing ‘heavy weapons’ to border
State-run KCNA claims U.S. forces brought weapons into the Panmunjom area Saturday morning. A U.S. military spokesperson did not immediately return a call requesting comment.
“The introduction of heavy weapons to the area around the conference hall where armed forces of both sides stand in acute confrontation is a premeditated provocation aimed to spark off a serious military conflict,” the agency said. Read More Here
(BabylonBeyond) – IRAQ, AFGHANISTAN: American casualties total 500,000, counting injury and disease, writer claims – Read More Here
(CSMonitor) – Quagmire? Nine years on, Americans grow weary of war in Afghanistan – Read More Here
(AsiaTimes) – Remember Vietistan?
The debacle over General Stanley McChrystal dramatizes how military thinking dominates United States policy – look at how much of the budget the Pentagon commands – as well as the utter hopelessness of achieving anything but draining defeat from the US occupation of Afghanistan. This lesson should have been learned after Vietnam. As Yogi Berra said, it’s “deja vu all over again”. Read More Here
(Granma) – Warning Of War – Discovering The Truth In Time – Fidel Castro – Read More Here
(ActivistPost) – Obama Doctrine: Congress Just Declared Preemptive War on Iran
War with Iran has already been decided by the powers that be and the modern-day quasi-declaration happened last Thursday. Using the same legislative and propaganda playbook that led to the Iraq War, the U.S. Government has just officially declared War on Iran. Read More Here
(RussiaToday) – Video: Target Tehran? Israel, US ‘prepare to attack Iran’
Reports are circulating that the U.S is amassing a greater military presence in the Middle East. The alleged build up is also rumoured to involve the Israeli use of Saudi Arabian air space. It’s thought by some to be in preparation for an attack on Iran.
REPOST – (RawStory) – Italian PM: Israel ‘will probably react preemptively’ on Iran
Has the leader of Italy’s government revealed how the global community plans to handle Iran?
That’s entirely possible, according to a report from Israel which cites Silvio Berlusconi as telling reporters at the G8 summit in Toronto, “Iran is not guaranteeing a peaceful production of nuclear power, [so] the members of the G8 are worried and believe absolutely that Israel will probably react preemptively.”
He added that the G8 nations “absolutely believe” Israel will attack Iran, according to Haaretz. Read More Here
(MEOnline) – Tehran: CIA waging anti-Iran psychological warfare
“Such remarks fall within the framework of psychological warfare aimed at creating a negative perception about Iran’s peaceful nuclear activities,” Mehmanparast told state news agency IRNA. Read More Here
(Reuters) – Russia alarmed by CIA view of Iran’s weapons
Russian President Dmitry Medvedev said Sunday he was alarmed by U.S. assertions that Iran may have enough fuel for two nuclear weapons and warned that if confirmed the Islamic Republic may face new measures. Read More Here
(Newsmax) – Video: Bill Clinton: Iran Poses ‘Suitcase Nuke’ Threat
“The major danger of Iran becoming a nuclear power, the material they would have to amass to make these bombs will become the juiciest target in the world for non-state actors who would like to have suitcase nuclear bombs,” Clinton said. “Will they sell it to them? Will they give it to them? Can it be stolen by some corrupt person in the supply chain?” View Video Here
(AP) – OPEC Warns War With Iran Would Cause ‘Unlimited’ Oil Price Hike
“It is impossible to replace the production of Iran,” OPEC’s No. 2 producer, Abdalla Salem El-Badri told reporters at the presentation of the organization’s long term oil market outlook. “The prices would go unlimited … I can’t give you a number.” Read More Here
(GlobalResearch) – Clinton In Azerbaijan: Testing Waters For Attack On Iran
Will Iran attack Azerbaijan and Tbilisi in case of an air-strike? Read More Here
(ArutzShiva) – Iran is Surrounded by US Troops in 10 Countries
Iran literally is surrounded by American troops, notes an oil market analyst, Energy and Capital editor Christian A. DeHaemer. There is no evidence of an imminent attack, but he connects a number of recent events and the presence of American soldiers to warn that oil prices might soar — with or without a pre-emptive strike aimed at stopping Iran’s nuclear power ambitions. Read More Here
(DesertPeace) – ALL OUT WAR IN OCCUPIED EAST JERUSALEM
East Jerusalem fracas leads to heavy clashes between Israeli forces and Palestinians Read More Here
(SouthLebanon) – Gaza Siege: Catastrophic, Not ‘Unsustainable’ – Read More Here
(Aletho) – Israeli Occupation Authority still banning entry of 3,500 commodities into Gaza
He said in a report published on Sunday that the IOA allowed only 10% of goods that were previously banned from entering Gaza, describing the IOA talk about easing the siege as mere propaganda and means to deceive the world and is contrary to what is happening on the ground. Read More Here
(Redress) – Lieberman’s “peace” plan: strip Palestinians of citizenship
Jonathan Cook reports on Israel’s Moldovan bouncer-cum-Foreign Minister Avigdor Leiberman’s so-called “peace plan”, which entails stripping Israel’s Arab citizens of their citizenship and expelling them from the country. Read More Here
(February 25, 2010) – Lindsey talks with mr. X and gives alex the latest update on the future of America and it’s monetary system.Lindsey also reveals what the globalist plans are for the rest of the world. Continue reading →
(Reuters) – Venezuela’s President Hugo Chavez on Sunday accused the United States of using the earthquake in Haiti as a pretext to occupy the devastated Caribbean country and offered to send fuel from his OPEC nation. Continue reading →
On October 6th, The Independent newspaper of London set off shock-waves around the world with a report that secret meetings were held between the OPEC states, China, Russia, and others, in which the participants charted a course toward a new world reserve currency. Not surprisingly, the U.S. dollar nosedived on the news. The rout was only stemmed by Saudi and Chinese officials publicly denying the story. Continue reading →
“On my last day in Iraq,” veteran McClatchy News correspondent Leila Fadel wrote August 9th, “as on my first day in Iraq, I couldn’t see what the United States and its allies had accomplished. …I couldn’t understand what thousands of American soldiers had died for and why hundreds of thousands of Iraqis had been killed.” Continue reading →
(Reuters) – President Hugo Chavez has vowed to shake up the rules governing intellectual property rights on medicines and other products in Venezuela, the socialist’s latest move against the private sector. Continue reading →
The business and political elite are flying blind. This is the mother of all economic crises. It has barely started and remains completely out of control. By Martin Jacques, who this week joins the New Statesman as a columnist. Plus don’t miss our Q&A Continue reading →
Alex welcomes back to the show Lindsey Williams, author of The Energy Non-Crisis. Williams correctly predicted the fall of oil prices, an effort by the global elite to devalue the dollar and wreck oil producing nations. Continue reading →
Dec. 17 (Bloomberg) — Oil fell below $40 a barrel for the first time in more than four years as OPEC failed to convince traders that the glut in crude will diminish and the U.S. government said supplies climbed for the 11th time in 12 weeks. Continue reading →
SINGAPORE (Reuters) – Oil tumbled to a three-and-a-half year low below $49 a barrel on Friday, nearing a $100 drop from its July record high, as more distress for the global economy threatened to eat further into demand for fuels. Continue reading →
TEHRAN, Iran (AP) _ Russia, Iran and Qatar made the first serious moves Tuesday toward forming an OPEC-style cartel on natural gas, raising concerns that Moscow could boost its influence over energy markets spanning from Europe to South Asia.
Such an alliance would have little direct impact on the United States, which imports virtually no natural gas from Russia or the other nations. Continue reading →
Chakib Khelil said Tuesday that oil producers saw no need to raise supply and blamed record oil prices on factors outside the cartel’s control, such as U.S. pressure on Iran and the weak U.S. dollar. Continue reading →