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Gary Edwards

The Real Reason for the Iraq War | VICE United Kingdom - 1 views

www.vice.com/...asnt-waged-for-oil-greg-palast

Oil Iraq neocons Saudi Banksters Oilsters

shared by Gary Edwards on 29 Mar 13 - No Cached
  • Like most lefty journalists, I assumed that George Bush and Tony Blair invaded Iraq to buy up its oil fields, cheap and at gun-point, and cart off the oil. We thought we knew the neo-cons true casus belli: Blood for oil. But the truth in the Options for Iraqi Oil Industry was worse than "Blood for Oil". Much, much worse.
  • Within days, our chief of investigations, Ms Badpenny, delivered to my shack in the woods outside New York a 323-page, three-volume programme for Iraq's oil crafted by George Bush's State Department and petroleum insiders meeting secretly in Houston, Texas. I cracked open the pile of paper – and I was blown away.
  • I'd already had in my hands a 101-page document, another State Department secret scheme, first uncovered by Wall Street Journal reporter Neil King, that called for the privatisation, the complete sell-off of every single government-owned asset and industry. And in case anyone missed the point, the sales would include every derrick, pipe and barrel of oil, or, as the document put it, "especially the oil". That plan was created by a gaggle of corporate lobbyists and neo-cons working for the Heritage Foundation. In 2004, the plan's authenticity was confirmed by Washington power player Grover Norquist. (It's hard to erase the ill memory of Grover excitedly waving around his soft little hands as he boasted about turning Iraq into a free-market Disneyland, recreating Chile in Mesopotamia, complete with the Pinochet-style dictatorship necessary to lock up the assets – while behind Norquist, Richard Nixon snarled at me from a gargantuan portrait.) The neo-con idea was to break up and sell off Iraq's oil fields, ramp up production, flood the world oil market – and thereby smash OPEC and with it, the political dominance of Saudi Arabia.
  • ...6 more annotations...
  • General Jay Garner also confirmed the plan to grab the oil. Indeed, Secretary of Defense Donald Rumsfeld fired Garner, when the General, who had lived in Iraq, complained the neo-con grab would set off a civil war. It did. Nevertheless, Rumsfeld replaced Garner with a new American viceroy, Paul Bremer, a partner in Henry Kissinger's firm, to complete the corporate takeover of Iraq's assets – "especially the oil".
  • But that was not to be. While Bremer oversaw the wall-to-wall transfer of Iraqi industries to foreign corporations, he was stopped cold at the edge of the oil fields. How? I knew there was only one man who could swat away the entire neo-con army: James Baker, former Secretary of State, Bush family consiglieri and most important, counsel to Exxon-Mobil Corporation and the House of Saud.
  • There was no way in hell that Baker's clients, from Exxon to Abdullah, were going to let a gaggle of neo-con freaks smash up Iraq's oil industry, break OPEC production quotas, flood the market with six million bbd of Iraqi oil and thereby knock the price of oil back down to $13 a barrel where it was in 1998.
  • Big Oil could not allow Iraq's oil fields to be privatised and taken from state control. That would make it impossible to keep Iraq within OPEC (an avowed goal of the neo-cons) as the state could no longer limit production in accordance with the cartel's quota system. The US oil industry was using its full political mojo to prevent their being handed ownership of Iraq's oil fields. That's right: The oil companies didn't want to own the oil fields – and they sure as hell didn't want the oil. Just the opposite. They wanted to make sure there would be a limit on the amount of oil that would come out of Iraq. Saddam wasn't trying to stop the flow of oil – he was trying to sell more. The price of oil had been boosted 300 percent by sanctions and an embargo cutting Iraq's sales to two million barrels a day from four. With Saddam gone, the only way to keep the damn oil in the ground was to leave it locked up inside the busted state oil company which would remain under OPEC (i.e. Saudi) quotas. The James Baker Institute quickly and secretly started in on drafting the 323-page plan for the State Department. With authority granted from the top (i.e. Dick Cheney), ex-Shell Oil USA CEO Phil Carroll was rushed to Baghdad in May 2003 to take charge of Iraq's oil. He told Bremer, "There will be no privatisation of oil – END OF STATEMENT." Carroll then passed off control of Iraq's oil to Bob McKee of Halliburton, Cheney's old oil-services company, who implemented the Baker "enhance OPEC" option anchored in state ownership.
  • This week, VICE readers can download, for free, Greg Palast's investigation of the war in Iraq in the BBC film, Bush Family Fortunes, at www.GregPalast.com – as well as the illustrated poster of "The Secret History of War over Oil in Iraq" from Palast's international bestseller, Armed Madhouse, also at www.GregPalast.com
  • Some oil could be released, mainly to China, through limited, but lucrative, "production sharing agreements". And that's how George Bush won the war in Iraq. The invasion was not about "blood for oil", but something far more sinister: blood for no oil. War to keep supply tight and send prices skyward. Oil men, whether James Baker or George Bush or Dick Cheney, are not in the business of producing oil. They are in the business of producing profits. And they've succeeded. Iraq, capable of producing six to 12 million barrels of oil a day, still exports well under its old OPEC quota of three million barrels. The result: As we mark the tenth anniversary of the invasion this month, we also mark the fifth year of crude at $100 a barrel. As George Bush could proudly say to James Baker: Mission Accomplished!
  • Paul Merrell on 29 Mar 13
     
    The Sherman Act forbids conspiracies in restraint of trade and is at its zenith in price-fixing cases. This looks to be the mother of all price-fixing cases, to say the least.   
  • Gary Edwards on 30 Mar 13
     
    Wow, Marbux has it right.  This report from the legendary Greg Palast of the BBC News Network is a stunning reversal of what everyone believed to be the truth.  To wit, the militarist and global strategist - resource control hungry neocon contingent of the Repubican party was always thought to be behind the Iraqi war.  For control of cheap, plentiful oil and, the protection / destruction of Israel's enemies.   Funny, but it turns out America was fighting for higher oil prices and limited supplies.  Just as in the first Gulf War, Americans were fighting to protect Saudi and big oil profits. excerpt: Big Oil could not allow Iraq's oil fields to be privatised and taken from state control. That would make it impossible to keep Iraq within OPEC (an avowed goal of the neo-cons) as the state could no longer limit production in accordance with the cartel's quota system. The US oil industry was using its full political mojo to prevent their being handed ownership of Iraq's oil fields. That's right: The oil companies didn't want to own the oil fields - and they sure as hell didn't want the oil. Just the opposite. They wanted to make sure there would be a limit on the amount of oil that would come out of Iraq. Saddam wasn't trying to stop the flow of oil - he was trying to sell more. The price of oil had been boosted 300 percent by sanctions and an embargo cutting Iraq's sales to two million barrels a day from four. With Saddam gone, the only way to keep the damn oil in the ground was to leave it locked up inside the busted state oil company which would remain under OPEC (i.e. Saudi) quotas. The James Baker Institute quickly and secretly started in on drafting the 323-page plan for the State Department. With authority granted from the top (i.e. Dick Cheney), ex-Shell Oil USA CEO Phil Carroll was rushed to Baghdad in May 2003 to take charge of Iraq's oil. He told Bremer, "There will be no privatisation of oil - END OF STATEMENT." Carroll then passed off control
Gary Edwards

Jim Kunstler's 2014 Forecast - Burning Down The House | Zero Hedge - 0 views

www.zerohedge.com/...14-forecast-burning-down-house

Banksters

shared by Gary Edwards on 08 Jan 14 - No Cached
  • Gary Edwards on 08 Jan 14
     
    Incredible must read analysis. Take away: the world is going to go "medevil". It's the only way out of this mess. Since the zero hedge layout is so bad, i'm going to post as much of the article as Diigo will allow: Jim Kunstler's 2014 Forecast - Burning Down The House Submitted by Tyler Durden on 01/06/2014 19:36 -0500 Submitted by James H. Kunstler of Kunstler.com , Many of us in the Long Emergency crowd and like-minded brother-and-sisterhoods remain perplexed by the amazing stasis in our national life, despite the gathering tsunami of forces arrayed to rock our economy, our culture, and our politics. Nothing has yielded to these forces already in motion, so far. Nothing changes, nothing gives, yet. It's like being buried alive in Jell-O. It's embarrassing to appear so out-of-tune with the consensus, but we persevere like good soldiers in a just war. Paper and digital markets levitate, central banks pull out all the stops of their magical reality-tweaking machine to manipulate everything, accounting fraud pervades public and private enterprise, everything is mis-priced, all official statistics are lies of one kind or another, the regulating authorities sit on their hands, lost in raptures of online pornography (or dreams of future employment at Goldman Sachs), the news media sprinkles wishful-thinking propaganda about a mythical "recovery" and the "shale gas miracle" on a credulous public desperate to believe, the routine swindles of medicine get more cruel and blatant each month, a tiny cohort of financial vampire squids suck in all the nominal wealth of society, and everybody else is left whirling down the drain of posterity in a vortex of diminishing returns and scuttled expectations. Life in the USA is like living in a broken-down, cob-jobbed, vermin-infested house that needs to be gutted, disinfected, and rebuilt - with the hope that it might come out of the restoration process retaining the better qualities of our heritage.
Paul Merrell

US's Saudi Oil Deal from Win-Win to Mega-Loose | nsnbc international - 0 views

nsnbc.me/...eal-from-win-win-to-mega-loose

must-read banksters big oil Saudis Russia shale-oil U.S.-foreign-policy

shared by Paul Merrell on 09 Aug 15 - No Cached
  • Who would’ve thought it would come to this? Certainly not the Obama Administration, and their brilliant geo-political think-tank neo-conservative strategists. John Kerry’s brilliant “win-win” proposal of last September during his September 11 Jeddah meeting with ailing Saudi King Abdullah was simple: Do a rerun of the highly successful State Department-Saudi deal in 1986 when Washington persuaded the Saudis to flood the world market at a time of over-supply in order to collapse oil prices worldwide, a kind of “oil shock in reverse.” In 1986 was successful in helping to break the back of a faltering Soviet Union highly dependent on dollar oil export revenues for maintaining its grip on power. So, though it was not made public, Kerry and Abdullah agreed on September 11, 2014 that the Saudis would use their oil muscle to bring Putin’s Russia to their knees today.
  • It seemed brilliant at the time no doubt. On the following day, 12 September 2014, the US Treasury’s aptly-named Office of Terrorism and Financial Intelligence, headed by Treasury Under-Secretary David S. Cohen, announced new sanctions against Russia’s energy giants Gazprom, Gazprom Neft, Lukoil, Surgutneftgas and Rosneft. It forbid US oil companies to participate with the Russian companies in joint ventures for oil or gas offshore or in the Arctic. Then, just as the ruble was rapidly falling and Russian major corporations were scrambling for dollars for their year-end settlements, a collapse of world oil prices would end Putin’s reign. That was clearly the thinking of the hollowed-out souls who pass for statesmen in Washington today. Victoria Nuland was jubilant, praising the precision new financial warfare weapon at David Cohen’s Treasury financial terrorism unit. In July, 2014 West Texas Intermediate, the benchmark price for US domestic oil pricing, traded at $101 a barrel. The shale oil bonanza was booming, making the US into a major oil player for the first time since the 1970’s. When WTI hit $46 at the beginning of January this year, suddenly things looked different. Washington realized they had shot themselves in the foot.
  • They realized that the over-indebted US shale oil industry was about to collapse under the falling oil price. Behind the scenes Washington and Wall Street colluded to artificially stabilize what then was an impending chain-reaction bankruptcy collapse in the US shale oil industry. As a result oil prices began a slow rise, hitting $53 in February. The Wall Street and Washington propaganda mills began talking about the end of falling oil prices. By May prices had crept up to $62 and almost everyone was convinced oil recovery was in process. How wrong they were.
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  • Since that September 11 Kerry-Abdullah meeting (curious date to pick, given the climate of suspicion that the Bush family is covering up involvement of the Saudis in or around the events of September 11, 2001), the Saudis have a new ageing King, Absolute Monarch and Custodian of the Two Holy Mosques, King Salman, replacing the since deceased old ageing King, Abdullah. However, the Oil Minister remains unchanged—79-year-old Ali al-Naimi. It was al-Naimi who reportedly saw the golden opportunity in the Kerry proposal to use the chance to at the same time kill off the growing market challenge from the rising output of the unconventional USA shale oil industry. Al-Naimi has said repeatedly that he is determined to eliminate the US shale oil “disturbance” to Saudi domination of world oil markets. Not only are the Saudis unhappy with the US shale oil intrusion on their oily Kingdom. They are more than upset with the recent deal the Obama Administration made with Iran that will likely lead in several months to lifting Iran economic sanctions. In fact the Saudis are beside themselves with rage against Washington, so much so that they have openly admitted an alliance with arch foe, Israel, to combat what they see as the Iran growing dominance in the region—in Syria, in Lebanon, in Iraq.
  • This has all added up to an iron Saudi determination, aided by close Gulf Arab allies, to further crash oil prices until the expected wave of shale oil company bankruptcies—that was halted in January by Washington and Wall Street manipulations—finishes off the US shale oil competition. That day may come soon, but with unintended consequences for the entire global financial system at a time such consequences can ill be afforded. According to a recent report by Wall Street bank, Morgan Stanley, a major player in crude oil markets, OPEC oil producers have been aggressively increasing oil supply on the already glutted world market with no hint of a letup. In its report Morgan Stanley noted with visible alarm, “OPEC has added 1.5 million barrels/day to global supply in the last four months alone…the oil market is currently 800,000 barrels/day oversupplied. This suggests that the current oversupply in the oil market is fully due to OPEC’s production increase since February alone.” The Wall Street bank report adds the disconcerting note, “We anticipated that OPEC would not cut, but we didn’t foresee such a sharp increase.” In short, Washington has completely lost its strategic leverage over Saudi Arabia, a Kingdom that had been considered a Washington vassal ever since FDR’s deal to bring US oil majors in on an exclusive basis in 1945.
  • That breakdown in US-Saudi communication adds a new dimension to the recent June 18 high-level visit to St. Petersburg by Muhammad bin Salman, the Saudi Deputy Crown Prince and Defense Minister and son of King Salman, to meet President Vladimir Putin. The meeting was carefully prepared by both sides as the two discussed up to $10 billion of trade deals including Russian construction of peaceful nuclear power reactors in the Kingdom and supplying of advanced Russian military equipment and Saudi investment in Russia in agriculture, medicine, logistics, retail and real estate. Saudi Arabia today is the world’s largest oil producer and Russia a close second. A Saudi-Russian alliance on whatever level was hardly in the strategy book of the Washington State Department planners.…Oh shit! Now that OPEC oil glut the Saudis have created has cracked the shaky US effort to push oil prices back up. The price fall is being further fueled by fears that the Iran deal will add even more to the glut, and that the world’s second largest oil importer, China, may cut back imports or at least not increase them as their economy slows down. The oil market time bomb detonated in the last week of June. The US price of WTI oil went from $60 a barrel then, a level at which at least many shale oil producers can stay afloat a bit longer, to $49 on July 29, a drop of more than 18% in four weeks, tendency down. Morgan Stanley sounded loud alarm bells, stating that if the trend of recent weeks continues, “this downturn would be more severe than that in 1986. As there was no sharp downturn in the 15 years before that, the current downturn could be the worst of the last 45+ years. If this were to be the case, there would be nothing in our experience that would be a guide to the next phases of this cycle…In fact, there may be nothing in analyzable history.”
  • October is the next key point for bank decisions to roll-over US shale company loans or to keep extending credit on the (until now) hope that prices will slowly recover. If as strongly hinted, the Federal Reserve hikes US interest rates in September for the first time in the eight years since the global financial crisis erupted in the US real estate market in 2007, the highly-indebted US shale oil producers face disaster of a new scale. Until the past few weeks the volume of US shale oil production has remained at the maximum as shale producers desperately try to maximize cash flow, ironically, laying the seeds of the oil glut globally that will be their demise. The reason US shale oil companies have been able to continue in business since last November and not declare bankruptcy is the ongoing Federal Reserve zero interest rate policy that leads banks and other investors to look for higher interest rates in the so-called “High Yield” bond market. Back in the 1980’s when they were first created by Michael Millken and his fraudsters at Drexel Burnham Lambert, Wall Street appropriately called them “junk bonds” because when times got bad, like now for Shale companies, they turned into junk. A recent UBS bank report states, “the overall High-Yield market has doubled in size; sectors that witnessed more buoyant issuance in recent years, like energy and metals mining, have seen debt outstanding triple or quadruple.”
  • Assuming that the most recent downturn in WTI oil prices continues week after week into October, there well could be a panic run to sell billions of dollars of those High-Yield, high-risk junk bonds. As one investment analyst notes, “when the retail crowd finally does head for the exits en masse, fund managers will be forced to come face to face with illiquid secondary corporate credit markets where a lack of market depth…has the potential to spark a fire sale.” The problem is that this time, unlike in 2008, the Federal Reserve has no room to act. Interest rates are already near zero and the Fed has bought trillions of dollars of bank bad debt to prevent a chain-reaction US bank panic. One option that is not being discussed at all in Washington would be for Congress to repeal the disastrous 1913 Federal Reserve Act that gave control of our nation’s money to a gang of private bankers, and to create a public National Bank, owned completely by the United States Government, that could issue credit and sell Federal debt without the intermediaries of corrupt Wall Street bankers as the Constitution intended. At the same time they could completely nationalize the six or seven “Too Big To Fail” banks behind the entire financial mess that is destroying the foundations of the United States and by extension of the role of the dollar as world reserve currency, of most of the world.
  • Paul Merrell on 09 Aug 15
     
    I give a lot of credibility to this article's author when it comes to matters involving the oil market. Remember when reading that the only thing propping up the U.S. dollar is the Saudi (later extended to all OPEC nations) insistence that they be paid for their oil and natural gas in U.S. dollars, which creates artificial demand for the dollar globally. If the Gulf Coast States begin accepting payment in rubles or yuan, it is curtains for the U.S. dollar in global markets.  
Paul Merrell

ClubOrlov: Whiplash! - 0 views

cluborlov.blogspot.com/...whiplash.html

oil-market forecast pipelinestan-wars geopolitics

shared by Paul Merrell on 21 Jan 15 - No Cached
  • Over the course of 2014 the prices the world pays for crude oil have tumbled from over $125 per barrel to around $45 per barrel now, and could easily drop further before heading much higher before collapsing again before spiking again. You get the idea. In the end, the wild whipsawing of the oil market, and the even wilder whipsawing of financial markets, currencies and the rolling bankruptcies of energy companies, then the entities that financed them, then national defaults of the countries that backed these entities, will in due course cause industrial economies to collapse. And without a functioning industrial economy crude oil would be reclassified as toxic waste. But that is still two or three decades off in the future.
  • An additional problem is the very high depletion rate of “fracked” shale oil wells in the US. Currently, the shale oil producers are pumping flat out and setting new production records, but the drilling rate is collapsing fast. Shale oil wells deplete very fast: flow rates go down by half in just a few months, and are negligible after a couple of years. Production can only be maintained through relentless drilling, and that relentless drilling has now stopped. Thus, we have just a few months of glut left. After that, the whole shale oil revolution, which some bobbleheads thought would refashion the US into a new Saudi Arabia, will be over. It won't help that most of the shale oil producers, who speculated wildly on drilling leases, will be going bankrupt, along with exploration and production companies and oil field service companies. The entire economy that popped up in recent years around the shale oil patch in the US, which was responsible for most of the growth in high-paying jobs, will collapse, causing the unemployment rate to spike.
  • The game they are playing is basically a game of chicken. If everybody pumps all the oil they can regardless of the price, then at some point one of two things will happen: shale oil production will collapse, or other producers will run out of money, and their production will collapse. The question is, Which one of these will happen first? The US is betting that the low oil prices will destroy the governments of the three major oil producers that are not under their political and/or military control. These are Venezuela, Iran and, of course, Russia. These are long shots, but, having no other cards to play, the US is desperate. Is Venezuela enough of a prize? Previous attempts at regime change in Venezuela failed; why would this one succeed? Iran has learned to survive in spite of western sanctions, and maintains trade links with China, Russia and quite a few other countries to work around them. In the case of Russia, it is as yet unclear what fruit, if any, western policies against it will bear. For example, if Greece decides to opt out of the European Union in order to get around Russia's retaliatory sanctions against the EU, then it will become entirely unclear who has actually sanctioned whom.
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  • The US is making a desperate attempt to knock over a petro-state or two or three before its shale oil runs out, with the Canadians, their tar sands now unprofitable, hitching a ride on its coat-tails, because if this attempt doesn't work, then it's lights out for the empire. But none of their recent gambits have worked. This is the winter of imperial discontent, and the empire is has been reduced to pulling pathetic little stunts that would be quite funny if they weren't also sinister and sad.
  • But a bunch of deluded people muttering to themselves in a dark corner, while the rest of the world points at them and laughs, does not an empire make. With this level of performance, I would venture to guess that nothing the empire tries from here on will work to its satisfaction.
  • Because it will recover. The fix for low oil prices is... low oil prices. Past some point high-priced producers will naturally stop producing, the excess inventory will get burned up, and the price will recover. Not only will it recover, but it will probably spike, because a country littered with the corpses of bankrupt oil companies is not one that is likely to jump right back into producing lots of oil while, on the other hand, beyond a few uses of fossil fuels that are discretionary, demand is quite inelastic. And an oil price spike will cause another round of demand destruction, because the consumers, devastated by the bankruptcies and the job losses from the collapse of the oil patch, will soon be bankrupted by the higher price. And that will cause the price of oil to collapse again. And so on until the last industrialist dies. His cause of death will be listed as “whiplash”: the “shaken industrialist syndrome,” if you will. Oil prices too high/low in rapid alternation will have caused his neck to snap.
  • Paul Merrell on 21 Jan 15
     
    Dmitry Orlov with a humorous yet inscisient take on the state and future of the oil market. Spoiler: He sees signs of desperation amongst the leaders of the American Empire, reduced to no viable options. 
  • Paul Merrell on 21 Jan 15
     
    "inscisient"? Make that "incisive." Follow reading Orlov's piece by reading Mike Whitney's latest at http://www.counterpunch.org/2015/01/20/are-plunging-petrodollar-revenues-behind-the-feds-projected-rate-hikes/ A lot of confirmation of what Orlov said in Whitney's article, citing hard numbers. Mass layoffs in the U.S. and Canadian oil industry; the petrodolar has stopped providing liquidity for the dollar; and the Fed plans to raise interest rates to force an influx of dollars from developing nations, in order to replace the petrodollar liquidity crisis. Whitney makes a strong case that it's a plot by the big banksters to steal another huge pile of cash at the expense of a huge number of jobs in the U.S. Both Orlov and Whitney say that it's going to be a very rough ride for the 99 per cent and for the population of developing nations. Indeed, Whitney's numbers say we are already over the precipice on jobs and well into free-fall.
  • Paul Merrell on 21 Jan 15
     
    But last night, Obama had the gall to claim that all is just peachy-k een on the jobs front. As he helps the banksters offshore another huge number of U.S. jobs.
Paul Merrell

Moon of Alabama - 0 views

www.moonofalabama.org

war & peace Syria U.S.-foreign-policy moderate-rebels military-defeat

shared by Paul Merrell on 03 Aug 15 - Cached
  • Over the last year the U.S. bombed Jabhat al-Nusra personal and facilities in Syria some five or six times. The al-Qaeda subgroup also has a history of attacking U.S. paid "relative moderate" proxy forces in Syria. The Pentagon recently inserted another U.S. mercenary group into north Syria. This was accompanied by a media campaign in which the administration lauded itself for the operation. The newly inserted group is especially trained and equipped to direct U.S. air attacks like those that earlier hit al-Nusra fighters. Now that freshly inserted group was attacked by Jabhat al-Nusra. Some of its members were killed and others were abducted. The Obama administration is shocked, SHOCKED, ABSOLUTELY SHOCKED that Jabhat al-Nusra would do such a ghastly deed. "Why would they do that?" "Who could have known that they would attack U.S. proxy forces???"
  • There is no longer an Jihadist ISIS or ISIL in Syria and Iraq. The people leading that entity declared (pdf) today, at the highly symbolic beginning of Ramadan, themselves to be a new caliphate:
  • Could someone explain to the fucking dimwits in the Pentagon and the Obama administrations that people everywhere, and especially terrorists group, hate it when you bomb them and kill their leaders? That those people you bomb might want to take revenge against you and your proxies? That people you bombed will not like your targeting team moving in next door to them? That alQaeda is not an "ally"? These people are too pathetically clueless to even be embarrassed about it. The accumulated intelligence quotient of the administration and Pentagon officials running the anti-Syria operation must be below three digits. But aside from their lack of basic intelligence the utter lack of simple "street smarts" is the real problem here. These people have no idea how life works outside of their beltway cages.
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  • On more thought from me on why the dimwits did not foresee that Nusra would attack. The White House insisted on calling a part of Nusra the "Khorasan group" and explained that it was only bombing this groups of alQaeda veterans now part of Nusra because the "Khorasan group" planning to hit in "western" countries. No expert nor anyone on the ground in Syria thought that this differentiation was meaningful. Nusra is alQaeda and so are all of its members. But the White House and Pentagon probably thought that Nusra would accept the artificial separation they themselves had made up. That Nusra would understand that it is seen as an "ally" and only the "Khorasan group" is seen as an enemy. If that was the line of thinking, and the situation seems to point to that, then these people have fallen for their own propaganda stunt. They probably believed that the "Khorasan group" was an accepted narrative because they were telling that tale to themselves. Poor idiots.
  • UPDATE: The one sane guy at the Council of Foreign relations, Micah Zenko, foresaw this debacle and wrote on March 2: [The U.S. trained mercenaries] will immediately be an attractive target for attacks by the Islamic State, Assad’s ground and air forces, and perhaps Nusra and other forces. Killing or taking prisoner fighters (or the families of those fighters) who were trained by the U.S. military will offer propaganda value, as well as leverage, to bargain for those prisoners’ release. He compared the whole operation to the 1961 CIA invasion of Cuba: Last September, the White House and Congress agreed to authorize and fund a train-and-equip project similar to the Bay of Pigs, but this time in the Middle East, without any discussion about phase two. The Syrian project resembles 1961 in two ways: What happens when the fighting starts is undecided, and the intended strategic objective is wholly implausible.
  • The attack on Friday was mounted by the Nusra Front, which is affiliated with Al Qaeda. It came a day after the Nusra Front captured two leaders and at least six fighters of Division 30, which supplied the first trainees to graduate from the Pentagon’s anti-Islamic State training program. In Washington, several current and former senior administration officials acknowledged that the attack and the abductions by the Nusra Front took American officials by surprise and amounted to a significant intelligence failure. While American military trainers had gone to great lengths to protect the initial group of trainees from attacks by Islamic State or Syrian Army forces, they did not anticipate an assault from the Nusra Front. In fact, officials said on Friday, they expected the Nusra Front to welcome Division 30 as an ally in its fight against the Islamic State....A senior Defense Department official acknowledged that the threat to the trainees and their Syrian recruiters had been misjudged, and said that officials were trying to understand why the Nusra Front had turned on the trainees. Like other Obama administration operations this one did not fail because of "intelligence failure" but because an utter lack of common sense.
  • U.S. media can no agree with itself if Russia is giving ISIS an airforce or if Russia pounds ISIS with the biggest bomber raid in decades. Such confusion occurs when propaganda fantasies collide with the observable reality. To bridge such divide requires some fudging. So when the U.S. claims to act against the finances of the Islamic State while not doing much, the U.S Public Broadcasting Service has to use footage of Russian airstrikes against the Islamic State while reporting claimed U.S. airstrike successes. The U.S. military recently claimed to have hit Islamic State oil tankers in Syria. This only after Putin embarrassed Obama at the G-20 meeting in Turkey. Putin showed satellite pictures of ridiculous long tanker lines waiting for days and weeks to load oil from the Islamic State without any U.S. interference.
  • The U.S. then claimed to have hit 116 oil tankers while the Russian air force claims to have hit 500. But there is an important difference between these claims. The Russians provided videos showing how their airstrikes hit at least two different very large oil tanker assemblies with hundreds of tankers in each. They also provided video of several hits on oil storage sites and refinery infrastructure. I have found no video of U.S. hits on Islamic State oil tanker assemblies. The U.S. PBS NewsHour did not find any either. In their TV report yesterday about Islamic State financing and the claimed U.S. hits on oil trucks they used the videos Russia provided without revealing the source. You can see the Russian videos played within an interview with a U.S. military spokesperson at 2:22 min.
  • The U.S. military spokesperson speaks on camera about U.S. airforce hits against the Islamic State. The video cuts to footage taken by Russian airplanes hitting oil tanks and then trucks. The voice-over while showing the Russian video with the Russians blowing up trucks says: "For the first time the U.S. is attacking oil delivery trucks." The video then cuts back to the U.S. military spokesperson. At no point is the Russian campaign mentioned or the source of the footage revealed. Any average viewer of the PBS report will assume that the black and white explosions of oil trucks and tanks are from of U.S. airstrikes filmed by U.S. air force planes. The U.S. military itself admitted that its strikes on IS oil infrastructure over the last year were "minimally effective". One wonders then how effective the claimed strike against 116 trucks really was. But unless we have U.S. video of such strikes and not copies of Russian strike video fraudulently passed off as U.S. strikes we will not know if those strikes happened at all.
  • The wannabe Sultan Erdogan did not get his will in Syria where he had planned to capture and annex Aleppo. The Russians prevented that. He now goes for his secondary target, Mosul in Iraq, which many Turks see as historic part of their country
  • Mosul, Iraq's second biggest city with about a million inhabitants, is currently occupied by the Islamic State. On Friday a column of some 1,200 Turkish soldiers with some 20 tanks and heavy artillery moved into a camp near Mosul. The camp was one of four small training areas where Turkey was training Kurds and some Sunni-Arab Iraqis to fight the Islamic State. The small camps in the northern Kurdish area have been there since the 1990s. They were first established to fight the PKK. Later their Turkish presence was justified as ceasefire monitors after an agreement ended the inner Kurdish war between the KDP forces loyal to the Barzani clan and the PUK forces of the Talabani clan. The bases were actually used to monitor movement of the PKK forces which fight for Kurdish independence in Turkey. The base near Mosul is new and it was claimed to be just a small weapons training base. But tanks and artillery have a very different quality than some basic AK-47 training. Turkey says it will increase the numbers in these camps to over 2000 soldiers.
  • Should Mosul be cleared of the Islamic State the Turkish heavy weapons will make it possible for Turkey to claim the city unless the Iraqi government will use all its power to fight that claim. Should the city stay in the hands of the Islamic State Turkey will make a deal with it and act as its protector. It will benefit from the oil around Mosul which will be transferred through north Iraq to Turkey and from there sold on the world markets. In short: This is an effort to seize Iraq's northern oil fields. That is the plan but it is a risky one. Turkey did not ask for permission to invade Iraq and did not inform the Iraqi government. The Turks claim that they were invited by the Kurds: Turkey will have a permanent military base in the Bashiqa region of Mosul as the Turkish forces in the region training the Peshmerga forces have been reinforced, Hürriyet reported. The deal regarding the base was signed between Kurdistan Regional Government (KRG) President Massoud Barzani and Turkish Foreign Minister Feridun Sinirlioğlu, during the latter’s visit to northern Iraq on Nov. 4. There are two problems with this. First: Massoud Barzani is no longer president of the KRG. His mandate ran out and the parliament refused to prolong it. Second: Mosul and its Bashiqa area are not part of the KRG. Barzani making a deal about it is like him making a deal about Paris.
  • The Iraqi government and all major Iraqi parties see the Turkish invasion as a hostile act against their country. Abadi demanded the immediate withdrawal of the Turkish forces but it is unlikely that Turkey will act on that. Some Iraqi politicians have called for the immediate dispatch of the Iraqi air force to bomb the Turks near Mosul. That would probably the best solution right now but the U.S. installed Premier Abadi is too timid to go for such strikes. The thinking in Baghdad is that Turkey can be kicked out after the Islamic State is defeated. But this thinking gives Turkey only more reason to keep the Islamic State alive and use it for its own purpose. The cancer should be routed now as it is still small. Barzani's Kurdistan is so broke that is has even confiscated foreign bank accounts to pay some bills. That may be the reason why Barzani agreed to the deal now. But the roots run deeper. Barzani is illegally selling oil that belongs to the Iraqi government to Turkey. The Barzani family occupies  not only the presidential office in the KRG but also the prime minister position and the local secret services. It is running the oil business and gets a big share of everything else. On the Turkish side the oil deal is handled within the family of President Erdogan. His son in law, now energy minister, had the exclusive right to transport the Kurdish oil through Turkey. Erdogan's son controls the shipping company that transports the oil over sea to the customer, most often Israel. The oil under the control of the Islamic State in Iraq passes the exactly same route. These are businesses that generate hundreds of millions per year.
  • It is unlikely that U.S., if it is not behinds Turkey new escapade, will do anything about it. The best Iraq could do now is to ask the Russians for their active military support. The Turks insisted on their sovereignty when they ambushed a Russian jet that brushed its border but had no intend of harming Turkey. Iraq should likewise insist on its sovereignty, ask Russia for help and immediately kick the Turks out. The longer it waits the bigger the risk that Turkey will eventually own Mosul.
  • Another fake news item currently circling is that Trump has given order to the military to create safe zones for Syria. The reality is still far from it: [H]is administration crafted a draft order that would direct the Pentagon and the State Department to submit plans for the safe zones within 90 days. The order hasn't yet been issued. The draft of the order, which will be endlessly revised, says that safe zones could be in Syria or in neighboring countries. The Pentagon has always argued against such zones in Syria and the plans it will submit, should such an order be issued at all, will reflect that. The safe zones in Syria ain't gonna happen
  • Paul Merrell on 03 Aug 15
     
    So the first group of U.S. trained "moderate" Syrian opposition fighters are an epic fail. Who'd of thunk? 
Gary Edwards

Interview with Harold Hamm: How North Dakota Became Saudi Arabia - WSJ.com - 0 views

online.wsj.com/...4226204576602524023932438.html

Harold-Hamm Oil-Natural-Gas Energy Obammunism Jackboot-Obammunism watermelons

shared by Gary Edwards on 01 Oct 11 - No Cached
  • Gary Edwards on 01 Oct 11
     
    A USA Oil and Natural Gas revolution - WSBJ Stephen Moore interview Harold Hamm of Continental Resources.  Hamm recounts his discussion with the watermelon in chief, Obama. (Green on the outside and red on the inside).  Seems Obama really believes his green energy will totally replace oil and natural gas within the next five years.  What an idiot. excerpt: Harold Hamm, the Oklahoma-based founder and CEO of Continental Resources, the 14th-largest oil company in America, is a man who thinks big. He came to Washington last month to spread a needed message of economic optimism: With the right set of national energy policies, the United States could be "completely energy independent by the end of the decade. We can be the Saudi Arabia of oil and natural gas in the 21st century." "President Obama is riding the wrong horse on energy," he adds. We can't come anywhere near the scale of energy production to achieve energy independence by pouring tax dollars into "green energy" sources like wind and solar, he argues. It has to come from oil and gas. You'd expect an oilman to make the "drill, baby, drill" pitch. But since 2005 America truly has been in the midst of a revolution in oil and natural gas, which is the nation's fastest-growing manufacturing sector. No one is more responsible for that resurgence than Mr. Hamm. He was the original discoverer of the gigantic and prolific Bakken oil fields of Montana and North Dakota that have already helped move the U.S. into third place among world oil producers. How much oil does Bakken have? The official estimate of the U.S. Geological Survey a few years ago was between four and five billion barrels. Mr. Hamm disagrees: "No way. We estimate that the entire field, fully developed, in Bakken is 24 billion barrels."
Paul Merrell

Obama's "War on Ebola" or War for Oil? Sending 3000 Troops to African "Ebola" Areas tha... - 0 views

www.globalresearch.ca/...5406142

war & peace Ebola big oil west-Africa Obama boots-on-the-ground

shared by Paul Merrell on 05 Oct 14 - No Cached
  • For a Nobel Peace Prize President, Barack Obama seems destined to go down in history books as the President who presided over one of the most aggressive series of wars ever waged by a bellicose Washington Administration. Not even George Bush and Dick Cheney came close.
  • Now Obama’s advisers, no doubt led by the blood-thirsty National Security Adviser, Susan Rice, have come up with a new war. This is the War Against Ebola. On September 16, President Obama solemnly declared the war. He announced, to the surprise of most sane citizens, that he had ordered 3,000 American troops, the so-called “boots on the ground” that the Pentagon refuses to agree to in Syria, to wage a war against….a virus? In a carefully stage-managed appearance at the US Centers for Disease Control (CDC), Obama read a bone-chilling speech. He called the alleged Ebola outbreaks in west Africa, “a global threat, and it demands a truly global response. This is an epidemic that is not just a threat to regional security. It’s a potential threat to global security, if these countries break down, if their economies break down, if people panic,” Obama continued, conjuring images that would have made Andromeda Strain novelist Michael Chrichton drool with envy. Obama added, “That has profound effects on all of us, even if we are not directly contracting the disease. This outbreak is already spiraling out of control.”
  • With that hair-raising introduction, the President of the world’s greatest Superpower announced his response. In his role as Commander-in-Chief of the United States of America announced he has ordered 3,000 US troops to west Africa in what he called, “the largest international response in the history of the CDC.” He didn’t make clear if their job would be to shoot the virus wherever it reared its ugly head, or to shoot any poor hapless African suspected of having Ebola. Little does it matter that the US military doesn’t have anywhere near 3,000 troops with the slightest training in public health. Before we all panic and line up to receive the millions of doses of untested and reportedly highly dangerous “Ebola vaccines” the major drug-makers are preparing to dump on the market, some peculiarities of this Ebola outbreak in Africa are worth noting.
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  • A major problem for Chan and her backers, however, is that her Ebola statistics are very, very dubious. For those whose memory is short, this is the same Dr Margaret Chan at WHO in Geneva who was guilty in 2009 of trying to panic the world into taking unproven vaccines for “Swine Flu” influenza, by declaring a Global Pandemic with statistics calling every case of symptoms that of the common cold to be “Swine Flu,” whether it was runny nose, coughing, sneezing, sore throat. That changed WHO definition of Swine Flu allowed the statistics of the disease to be declared Pandemic. It was an utter fraud, a criminal fraud Chan carried out, wittingly or unwittingly (she could be simply stupid but evidence suggests otherwise), on behalf of the major US and EU pharmaceutical cartel. In a recent Washington Post article it was admitted that sixty-nine percent of all the Ebola cases in Liberia registered by WHO have not been laboratory confirmed through blood tests. Liberia is the epicenter of the Ebola alarm in west Africa. More than half of the alleged Ebola deaths, 1,224, and nearly half of all cases, 2,046, have been in Liberia says WHO. And the US FDA diagnostic test used for the lab confirmation of Ebola is so flawed that the FDA has prohibited anyone from claiming they are safe or effective. That means, a significant proportion of the remaining 31 % of the Ebola cases lab confirmed through blood tests could be false cases.
  • Then the official WHO Ebola Fact Sheet dated September, 2014, states, “It can be difficult to distinguish EVD from other infectious diseases such as malaria, typhoid fever and meningitis.” Excuse me, Dr Margaret Chan, can you say that slowly? It can be difficult to distinguish EVD from other infectious diseases such as malaria, typhoid fever and meningitis? And you admit that 69% of the declared cases have never been adequately tested? And you state that the Ebola symptoms include “sudden onset of fever fatigue, muscle pain, headache and sore throat. This is followed by vomiting, diarrhea, rash, symptoms of impaired kidney and liver function, and in some cases, both internal and external bleeding”? In short it is all the most vague and unsubstantiated basis that lies behind President Obama’s new War on Ebola.
  • One striking aspect of this new concern of the US President for the situation in Liberia and other west African states where alleged surges of Ebola are being claimed is the presence of oil, huge volumes of untapped oil. The offshore coast of Liberia and east African ‘Ebola zones’ conveniently map with the presence of vast untapped oil and gas resources shown here The issue of oil in west Africa, notably in the waters of the Gulf of Guinea have become increasingly strategic both to China who is roaming the world in search of future secure oil import sources, and the United States, whose oil geo-politics was summed up in a quip by then Secretary of State Henry Kissinger in the 1970’s: ‘If you control the oil, you control entire nations.’
  • The Obama Administration and Pentagon policy has continued that of George W. Bush who in 2008 created the US military Africa Command or AFRICOM, to battle the rapidly-growing Chinese economic presence in Africa’s potential oil-rich countries. West Africa is a rapidly-emerging oil treasure, barely tapped to date. A US Department of Energy study projected that African oil production would rise 91 percent between 2002 and 2025, much from the region of the present Ebola alarm. Chinese oil companies are all over Africa and increasingly active in west Africa, especially Angola, Sudan and Guinea, the later in the epicenter of Obama’s new War on Ebola troop deployment.
  • If the US President were genuine about his concern to contain a public health emergency, he could look at the example of that US-declared pariah Caribbean nation, Cuba. Reuters reports that the Cuban government, a small financially distressed, economically sanctioned island nation of 11 million people, with a national budget of $50 billion, Gross Domestic Product of 121 billion and per capita GDP of just over $10,000, is dispatching 165 medical personnel to Africa to regions where there are Ebola outbreaks. Washington sends 3,000 combat troops. Something smells very rotten around the entire Ebola scare.
  • F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook”
Paul Merrell

Shell stops Arctic activity after 'disappointing' tests - BBC News - 0 views

www.bbc.com/...business-34377434

environment climate change arctic-drilling Shell

shared by Paul Merrell on 28 Sep 15 - No Cached
  • Royal Dutch Shell has stopped Arctic oil and gas exploration off the coast of Alaska after "disappointing" results from a key well in the Chukchi Sea.In a surprise announcement, the company said it would end exploration off Alaska "for the foreseeable future".Shell said it did not find sufficient amounts of oil and gas in the Burger J well to warrant further exploration.The company has spent about $7bn (£4.5bn) on Arctic offshore development in the Chukchi and Beaufort seas."Shell continues to see important exploration potential in the basin, and the area is likely to ultimately be of strategic importance to Alaska and the US," said Marvin Odum, president of Shell USA. "However, this is a clearly disappointing exploration outcome for this part of the basin."
  • Indeed some analysts suggested Shell might give up on the Arctic completely. "It is possible that Shell might almost be relieved as they can stop exploration for a legitimate operational reason, rather than being seen to bow to environmental pressure," Stuart Elliott from energy information group Platts told the BBC."With the oil price around $50 a barrel, it was a risky endeavour with no guarantee of success. "You could argue that this has been bad for Shell's reputation and it wouldn't be a big surprise if they abandoned Arctic drilling altogether."
  • So, what changed?Certainly, the first findings from the Burger J exploration well 150 miles off the Alaskan coast were not promising.Second, although President Barack Obama had given the necessary permissions for drilling to start again following the problems of rig fires in 2012, Mrs Clinton's tweet revealed that political risks were still substantial.
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  • The US Geological Survey estimates that the Arctic holds about 30% of the world's undiscovered natural gas, as well as 13% of its oil.According to Shell, this amounts to around 400 billion barrels of oil equivalent, 10 times the total oil and gas produced in the North Sea to date.
  • However, environmental groups oppose Arctic offshore drilling, saying it will pollute and damage a natural wilderness largely untouched by human activity. They also argue that fossil fuels such as oil and gas must be left in the ground if the world is to avoid dangerous climate change.Over the summer, protesters in kayaks unsuccessfully tried to block Arctic-bound Shell vessels in Seattle and Portland, Oregon. "Big oil has sustained an unmitigated defeat," said Greenpeace UK executive director John Sauven."The Save the Arctic movement has exacted a huge reputational price from Shell for its Arctic drilling programme, and as the company went another year without striking oil, that price finally became too high."Shell had continued to explore for oil despite the slump in the price of oil. Other oil and gas majors have shelved expensive exploration projects but, having invested billions of dollars in its Arctic project, Shell persisted, believing that Arctic oil would be competitive in the longer term.This is why the announcement came as such a surprise.
  • More on this story Video Shell calls end to Alaska oil search 52 minutes ago Shell has made a costly call to abandon Alaska 28 September 2015 'Volatile' oil price hard to predict, says Shell boss 17 September 2015 Why mega-merger is so important for Shell 8 April 2015 BP profits fall on low oil price 28 July 2015
  • Paul Merrell on 28 Sep 15
     
    Not mentioned in the article, but environmental groups recently announced that they would begin a consumer boycott of Shell fuels because of its Artic drilling.  
Paul Merrell

The Alamo II: Texans Up in Arms over TransCanada Land Grab - 0 views

www.informationclearinghouse.info/article32798.htm

keystone pipeline land grab Texas

shared by Paul Merrell on 21 Oct 12 - No Cached
  • Texans are having nightmares of a Niger Delta nature, and while they have always been the friends of Big Oil, TransCanada is changing the rules of the game in a legally-aided land grab that will test just how tough Texans are.
  • The lawsuits against TransCanada are piling up to the dismay of the Keystone XL pipeline project, which has been beleaguered by political, socio-economic, environmental and legal woes at every step from its US origins in Montana to its final destination point in south Texas. No one thought Texas would be part of the problem: Texans love their pipelines. Why the change of heart, then? The simplest answer is that Texans love their pipelines because Big Oil has been paying big bucks for the privilege of running them through Texas farmland, but TransCanada is bullying them out of their fair share. This is how it works: TransCanada makes an unacceptably low offer for the land it needs; the landowner rejects the offer; TransCanada gets the land condemned in court; then it legally acquires the land for a fraction of its original offer. Condemning land is not a new tactic by Big Oil, but while US oil companies have traditionally kept this to a minimum, TransCanada has taken far too much advantage of this legal loophole to get what it wants. According to CNBC.com, the Canadian company has so far condemned over 100 tracts of land out of the 800 tracts it has acquired for the pipeline in Texas.
  • Since Texans are being forced to give up their land for peanuts for the bigger picture “common good”, let’s look at why they aren’t buying it and why they don’t feel any less patriotic for their opinion. (Common good in this case meaning “national interest”)
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  • First of all, Texans point out that TransCanada is a foreign company that does not feel obliged necessarily to use American steel for its pipeline construction. According to media reports, a large percentage of the steel used for construction is imported. They also balk at the idea that much of the tar sands oil refined it Texas will be exported via the Gulf of Mexico. If the US is going to export its crude oil that should mean that it is producing more than it needs. In other words, the US must achieve oil independence before it starts exporting oil; otherwise it’s moving away from rather than toward independence. Every good Texan knows this. The US is producing about 6.2 million bpd this year, and consuming twice that. To the Texan mind, foreign-company plus exports does not add up to a reduction of US independence on foreign oil. It only adds up to revenues for TransCanada and Big Oil.
  • What is most interesting is that Texans will end up making Keystone XL a bipartisan issue. Previously, anyone who balked at Keystone XL environmental and socio-economic risks was a tree-hugging hippie. Anyone supporting Keystone XL was a Big Oil “yes man” with no respect for the environment. With Texans now up in arms over Keystone XL thanks to TransCanada, the debate will metamorphose into something more rational. The Texans, in their own unique way, will bring legitimacy to this debate. After all, no one could accuse them of being tree-hugging liberals. Texans want Keystone, they want pipelines, but they won’t stand for being cut out of the “common good” equation. To this end, some landowners are opening the gates to activists to stage protests, and this has so far ended in a handful of arrests.
  • Paul Merrell on 21 Oct 12
     
    Keep your eye on this battle. It sounds like the same conditions that led to the farmer uprising over the Minnesota Powerline Project in the late 70s. < http://en.wikipedia.org/wiki/CU_project_controversy#Organizations_formed_to_fight_the_power_line >.   In that fiasco, farmers occupied tower construction sites, tore down towers, shot out over 10K power line insulators, and sprayed hog manure on the state police using manure spreaders, on and on. And the establishment couldn't get a single criminal conviction because juries simply refused to find accused protesters guilty. A good time was had by all. 'Twas a marvelous rebellion, going well beyond passive resistance to include rampant sabotage. Will Texas farmers and ranchers follow that lead? It sounds like they may be.    
Paul Merrell

Baker Creating J Street Challenge for Jeb - Commentary Magazine Commentary Magazine - 0 views

www.commentarymagazine.com/...enge-for-jeb-bush-israel-obama

war & peace Auction 2016 Jeb-Bush neocons Baker

shared by Paul Merrell on 21 Mar 15 - No Cached
  • The announcement that former Secretary of State James Baker was one of the advisors to Jeb Bush’s presidential campaign created a minor stir a few weeks ago. As our Michael Rubin noted at the time, Baker’s long record of hostility to Israel and consistent backing for engagement with rogue regimes ought to make him radioactive for a candidate seeking to brand himself as a supporter of the Jewish state and a critic of the Obama administration’s foreign policy. But Baker’s status as a faithful family retainer for the Bush family might have given Jeb a pass, especially since, as Michael wrote, another far wiser former secretary of state — George P. Schultz — is considered to be Jeb’s top foreign policy advisor. But the news that Baker will serve as a keynote speaker at the upcoming annual conference of the left-wing J Street lobby ought to change the conversation about this topic. Coming as it does hard on the heels of the president’s open threats to isolate Israel, having someone so closely associated with his campaign serve in that role at an event dedicated to support for Obama’s hostile attitude toward Israel obligates Jeb to not let this happen without saying or doing something to disassociate himself from Baker.
  • Paul Merrell on 21 Mar 15
     
    The neocons are howling about former Reagan Secretary of State James Baker being one of Jeb Bush's advisors. Baker has never been forgiven by the neocons since he barred the Israeli Deputy Foreign Minister -- Benjamin Netanyahu -- from being allowed into the State Dept. building because of his outrageous public statements. Now Baker is doubly hated because he is scheduled to be a keynote.  speaker at a conference of the liberal pro-Israel J Street lobbying group. J Street is "left-leaning" in neocon eyes because it actully supports a 2-state solution in Palestine, rather than using the 2-state solution as a political fig leaf while Israel completes its colonization of Palestine and then annexes it. But while screaming that only AIPAC represents Israel's real interests and acknowledging that Baker is closely tied to the Bush family, they're not addressing the political reality that Baker is the global oil industry's top lobbyist nor the fact that it was Baker who put the kibosh on the neocons' goal of privatizing all the oil in Iraq and flooding the market with cheap oil to break the OPEC Cartel. The western oil companies are profoundly against privately owned oil in the Mideast and even less enthused about breaking the OPEC Cartel, which normally keep crude oil prices high, enabling higher oil company profits. Apparently the oil industry also wants the 2-state solution to actually happen in order to obtain a more stable Middle East. And that is anathema to Netanyahu, AIPAC, and the neocons..   
Paul Merrell

Iraq joins Iran in opposing U.S.-led military strike in Syria - The Washington Post - 0 views

www.washingtonpost.com/...3-8685-5021e0c41964_story.html

war & peace Syria Iraq Iran WMD

shared by Paul Merrell on 10 Sep 13 - No Cached
  • Iran won Iraqi support for its efforts to oppose a U.S.-led military strike on Syria during a visit to Baghdad on Sunday by the new Iranian foreign minister, highlighting how close the two countries have grown since U.S. forces withdrew in 2011. Speaking during his first visit abroad since he was appointed last month, Iranian Foreign Minister Mohammad Javed Zarif warned that U.S. intervention in Syria risks igniting a regionwide war.
  • “Those who are short-sighted and are beating the drums of war are starting a fire that will burn everyone,” Zarif said during a news conference.Standing alongside him, Iraqi Foreign Minister Hoshyar Zebari said all of Syria’s neighbors, including Iraq, would be harmed by American involvement in Syria’s two-year-old conflict. “What I can say conclusively is that Iraq will not be a base for any attack, nor will it facilitate any such attack on Syria,” Zebari told reporters after holding talks with Zarif.
  • Paul Merrell on 10 Sep 13
     
    This would be funny if the consequences of war were not so horrible. Viewing the situation through a very big telescope from Mars, we begin with the Neocons and Zionist Israelis hijacking the U.S. military to invade and conquer Iraq, and thereby break the OPEC oil monopoly by pumping more oil from Iraq and selling  oil cheap on the market. But Big Oil, recognizing the threat to its profits if oil supply is increased and the prices depressed, hires James Baker, chief of White House staff under Reagan and Bush I. Baker has a short meeting with Bush Jr. and the Neocon/Zionist Israeli dream of breaking OPEC and restoring cheap oil is abruptly terminated. The Iraq War is no longer about changes in the oil supply and prices. But  the Neocons in the Bush II administration are stuck with the war they started. They waffle and delay, with the theater of Saddam Hussein's capature and execution, until Barack Obama comes into office, push for a "surge" to save the war effort, then when that fails reluctantly collaborate in U.S. withdrawal from Iraq. Their efforts to maintain a covert military presence hiding under the cover of the world's largest U.S. Embassy comes to a screeching halt when the new Iraqi government they had installed refuses to immunize U.S. soldiers and citizens from criminal prosecution. The U.S. exits Iraq. Now the Iraq government that the Neocon/Israeli Zionists installed aligns itself with Iraq and Syria against the U.S. military strikes on Syria that Israel wants. Iraq and Syria had been the two major remaining obstacles to Israeli hegemony and empire in the Mideast.   Then the Neocons/Israeli Zionists changed Iraq from a secular state to a Shia Muslim state with a for-all-pracitical-purposes-independent Kurdish state in the north. Now suddenly, those two major obstacles become three, as Iraq moves farther from the U.S. and closer toward Shia Iran and secular Syria, because of a sequence of events the Neocon/Israeli Zionists had set in motion ag
Paul Merrell

WHO EXCLUSIVE: Gen. Wesley Clark on Oil, War and Activism - WhoWhatWhy - 0 views

whowhatwhy.com/...-clark-on-oil-war-and-activism

war & peace Big-Energy big oil oil-wars pipelinestan-war

shared by Paul Merrell on 26 Dec 14 - No Cached
  • Transcript: So energy is about generating electricity. There you can move pretty quickly into solar and wind. Not only are the costs coming down through better engineering and better scientific development, but also battery technology is improving so you can store it and feed it into the power grid at the time you need it, not just when it’s generated. But on the other hand, there is transportation fuel. And that’s mostly oil. And that’s mostly imported. And that’s what people fight wars about, mostly they don’t fight war about coal, they fight about oil. In the summer of 1973 in Washington, I wrote three reports about the energy crisis for the Pentagon, one of which looked at the impact of being an oil-importing nation on the United Sates. And it was pretty clear even then that this would distort America’s foreign policy, spread lots of money abroad, and might ultimately require us to use U.S. troops to secure access to these energy supplies abroad. Of course that’s exactly what happened.
  • Q: What would you estimate we’re spending annually on keeping the oil pipeline open? Wesley Clark: Well, it’s 300 billion dollars of US foreign exchange to buy the oil, another 600 billion dollars for the defense budget. Not all of that is directed toward energy but you could say that 150 billion dollars a year we‘re spending on the wars is certainly about oil, directly or indirectly. And you could probably say half of the rest of the defense budget is one way or another connected to stationing troops abroad, trying to protect access to oil, exercises, procurement of equipment. And then you could look at the bill for the Veterans Administration. So this comes out to be half a trillion dollars or more a year, is going to this. It’s been a tragic failure of policy and a failure of US leadership.
  • Forces of big oil are the most powerful economic forces in the world. If you look at the entire wealth of mankind, the value of oil reserves in the ground is like 170 trillion dollars. It’s the most valuable commodity as currently priced in the world.
  • Paul Merrell on 26 Dec 14
     
    Wesley Clark interview recorded in 2011.
Gary Edwards

The Libertarian View: Are Tariffs Bad? - 1 views

www.ronpaulforums.com/showthread.php

Libertarian Austrian-Economics Tariffs-NAFTA China Ron-Paul

shared by Gary Edwards on 26 Jan 12 - No Cached
  • Gary Edwards on 26 Jan 12
     
    As many know, i spent quite a bit of time working for a Chinese Company seeking to enter the USA-European software market.  My task was to research the market, discover and define a market opportunity, design the product, and then work as product manager to get that service to market.  I took this job to better understand the Chinese marketplace and how sovereign Chinese companies work.  What i learned is how the Chinese seek to exploit and totally dominate open markets.  Software is just a category whose time has come.  and there are thousands of Chinese companies lining up.  The first step though is to fine tune the existing blueprint used by other Sina sovereigns.  amazing stuff. My take away from this experience is that the USA MUST set up a 30% tariff on ALL imports, and do so IMMEDIATELY!!!  Yesterday is not soon enough! As a newly minted libertarian, i wondered about the obvious conflict with Austrian Economics and their dedication to free markets and free trade?  I found the answer at this Libertarian forum, where many members were in heated discussion.  Comment #7 sums it up best i think.  Including a link to Ron Paul's Tariff-NAFTA speech. The thing is, the 30% Tariff should be part of an overall TAX REDUCTION PLAN.  I support the FAIR TAX and the Balanced Budget Amendment.  As an alternative to the Fair Tax, I would also support a 17% flat tax with no exceptions.  The ideal situation being an immediate, uncompromising, no exceptions 30% tariff on ALL imports coupled with the Fair Tax and the Balanced Budget Amendment.   And yes, i do believe this plan is consistent with the Founding Fathers Constitution.  But it took some kind of research to establish that opinion.   I've also concluded that "conservatism" is a convenient philosophical vehicle for the corrupt crony corporatism of both the military-industrial-complex, banksters and, international corporations.  Free trade and open markets concepts are perverted to become a thin veil
Paul Merrell

What's the big deal between Russia and the Saudis? - RT Op-Edge - 0 views

www.rt.com/...-saudia-arabia-russia-politics

war & peace Russia Saudis Syria Yemen Iran Israel pipelinestan-wars must-read

shared by Paul Merrell on 10 Nov 15 - No Cached
  • Amidst the wilderness of mirrors surrounding the Syrian tragedy, a diamond-shaped fact persists: Despite so many degrees of separation, the Saudis are still talking to the Russians. Why? A key reason is because a perennially paranoid House of Saud feels betrayed by their American protectors who, under the Obama administration, seem to have given up on isolating Iran.
  • From the House of Saud’s point of view, three factors are paramount. 1) A general sense of ‘red alert’ as they have been deprived from an exclusive relationship with Washington, thus becoming incapable of shaping US foreign policy in the Middle East; 2) They have been mightily impressed by Moscow’s swift counter-terrorism operation in Syria; 3) They fear like the plague the current Russia-Iran alliance if they have no means of influencing it.
  • That explains why King Salman’s advisers have pressed the point that the House of Saud has a much better chance of checking Iran on all matters - from “Syraq” to Yemen - if it forges a closer relationship with Moscow. In fact, King Salman may be visiting Putin before the end of the year.
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  • One of the untold stories of the recent Syria-driven diplomatic flurry is how Moscow has been silently working on mollifying both Saudi Arabia and Turkey behind the scenes. That was already the case when the foreign ministers of US, Russia, Turkey and Saudi Arabia met before Vienna.Vienna was crucial not only because Iran was on the table for the first time but also because of the presence of Egypt – incidentally, fresh from recent discovery of new oil reserves, and engaging in a reinforced relationship with Russia.The absolute key point was this paragraph included in Vienna’s final declaration: “This political process will be Syrian-led and Syrian-owned, and the Syrian people will decide the future of Syria.”It’s not by accident that only Russian and Iranian media chose to give the paragraph the appropriate relevance. Because this meant the actual death of the regime change obsession, much to the distress of US neocons, Erdogan and the House of Saud.
  • The main point is the death of the regime change option, brought about by Moscow. And that leaves Putin free to further project his extremely elaborate strategy. He called Erdogan on Wednesday to congratulate him on his and the AKP’s election landslide. This means that now Moscow clearly has someone to talk to in Ankara. Not only about Syria. But also about gas.Putin and Erdogan will have a crucial energy-related meeting at the G20 summit on November 15 in Turkey; and there’s an upcoming visit by Erdogan to Moscow. Bets are on that the Turk Stream agreement will be – finally – reached before the end of the year. And on northern Syria, Erdogan has been forced to admit by Russian facts on the ground and skies that his no-fly zone scheme will never fly.
  • That leaves us with the much larger problem: the House of Saud.There’s a wall of silence surrounding the number one reason for Saudi Arabia to bomb and invade Yemen, and that is to exploit Yemen’s virgin oil lands, side by side with Israel – no less. Not to mention the strategic foolishness of picking a fight with redoubtable warriors such as the Houthis, which have sowed panic amidst the pathetic, mercenary-crammed Saudi army.Riyadh, following its American reflexes, even resorted to recruiting Academi – formerly Blackwater - to round up the usual mercenary suspects as far away as Colombia.It was also suspected from the beginning, but now it's a done deal that the responsible actor for the costly Yemen military disaster is none other than Prince Mohammad bin Salman, the King’s son who, crucially, was sent by his father to meet Putin face-to-face.
  • Meanwhile, Qatar will keep crying because it was counting on Syria as a destination point for its much-coveted gas pipeline to serve European customers, or at least as a key transit hub on the way to Turkey.Iran on the other hand needed both Iraq and Syria for the rival Iran-Iraq-Syria gas pipeline because Tehran could not rely on Ankara while it was under US sanctions (this will now change, fast). The point is Iranian gas won’t replace Gazprom as a major source for the EU anytime soon. If it ever did, or course, that would be a savage blow to Russia.
  • In oil terms, Russia and the Saudis are natural allies. Saudi Arabia cannot export natural gas; Qatar can. To get their finances in order – after all even the IMF knows they are on a highway to hell - the Saudis would have to cut back around ten percent of production with OPEC, in concert with Russia; the oil price would more than double. A 10 percent cutback would make a fortune for the House of Saud.So for both Moscow and Riyadh, a deal on the oil price, to be eventually pushed towards $100 a barrel, would make total economic sense. Arguably, in both cases, it might even mean a matter of national security.But it won’t be easy. OPEC’s latest report assumes a basket of crude oil to be quoted at only $55 in 2015, and to rise by $5 a year reaching $80 only by 2020. This&nbsp;state of affairs does not suit either Moscow or Riyadh.
  • Meanwhile, fomenting all sorts of wild speculation, ISIS/ISIL/Daesh still manages to collect as much as $50 million a month from selling crude from oilfields it controls across “Syraq”, according to the best Iraq-based estimates.The fact that this mini-oil caliphate is able to bring in equipment and technical experts from “abroad” to keep its energy sector running beggars belief. “Abroad” in this context means essentially Turkey – engineers plus equipment for extraction, refinement, transport and energy production.One of the reasons this is happening is that the US-led Coalition of the Dodgy Opportunists (CDO) – which includes Saudi Arabia and Turkey - is actually bombing the Syrian state energy infrastructure, not the mini oil-Caliphate domains. So we have the proverbial “international actors” in the region de facto aiding ISIS/ISIL/Daesh to sell crude to smugglers for as low as $10 a barrel.Saudis – as much as Russian intel - have noted how ISIS/ISIL/Daesh is able to take over the most advanced US equipment that takes months to master, and instead integrate it into their ops at once. This implies they must have been extensively trained. The Pentagon, meanwhile, sent and will be sending top military across “Syraq” with an overarching message: if you choose Russia we won’t help you.ISIS/ISIL/Daesh, for their part, never talks about freeing Jerusalem. It’s always about Mecca and Medina.
  • Paul Merrell on 10 Nov 15
     
    Pepe Escobar brings us up to speed on big changes in the Mideast, including the decline of U.S. influence. Not mentioned, but the Saudis' feelings of desertion by the Washington Beltway and its foreplay with Russia could bring about an end to the Saudis insistence on being paid for oil in U.S. dollars, and there goes the western economy. 
Paul Merrell

Fracking pushing U.S. oil production above Saudi Arabia's - Nature & Environment Israel... - 1 views

www.haaretz.com/...1.579651

pipelinestan fracking environment

shared by Paul Merrell on 14 Mar 14 - No Cached
  • Fracking remains enormously controversial, but the report that the oil-extraction technique is about to lift the United States' oil production beyond that of mega-producer Saudi Arabia means it's probably here to stay. The practice, which involves injecting water into the ground in order to fracture the rock and allow oil and gas to escape, has been associated by critics with earthquakes and heightened pollution, to name just two problems. Just today, Thursday, Ohio authorities shut down a local fracking operation while geological detectives investigate whether it could be behind the 11 quakes recorded there in a few days.
  • But an indication of just how crucial fracking has become to the American economy comes from next-door Tennessee, where lawmakers voted down proposals to ban the practice (and mountaintop mining, while about it). As The Independent reported today, thanks to the practice, the United States is about to become a bigger oil producer than Saudi Arabia.
  • Proponents of the technique point mainly at economic benefits, not least achieving American independence from imported oil. Opponents bewail contamination of ground-water, depletion of fresh water supplies, and ground contamination from the rising hydrocarbons. More recently concerns have arisen that like mining, fracking can stabilize local geology and cause quakes. The United Kingdom had banned fracking but later lifted the prohibition, favoring regulation instead. In the United States, legislation on the matter depends on the state, and Germany frowns on the practice but hasn't outlawed it. France has, becoming one of the countries to adopt the position of opponents and ban fracking outright, in 2011. Just today a French court voided a drilling license held by the American energy company Hess for fear that it would frack.
  • Paul Merrell on 14 Mar 14
     
    Related: The public comment period just closed on the State Department's environmental impact statement for the Keystone Pipeline. Environmental organizations filed the objections of over 2 million Americans just before the deadline, an amazing achievement in the annals of environmental activism. On the other hand, Big Oil almost invariably gets what it wants from the Feds, regardless of the environmental consequences. E.g., the BP oil disaster in the Gulf hadn't even been plugged before the Obama Administration resumed granting permits for deep ocean drilling, without any new required preventive measures.   
Paul Merrell

BP Settlement in Gulf Oil Spill Is Raised to $20.8 Billion - The New York Times - 0 views

www.nytimes.com/...is-raised-to-20-8-billion.html

environment BP litigation settlement

shared by Paul Merrell on 13 Oct 15 - No Cached
  • The Justice Department on Monday announced a final settlement with the oil giant BP of $20.8 billion for its role in the disastrous 2010 Gulf of Mexico oil spill, raising the total from the initial $18.7 billion settlement announced in July.At either amount, it is the largest environmental settlement — and the largest civil settlement with any single entity — in the nation’s history.The United States attorney general, Loretta Lynch, called the filing of the final settlement “a major step forward in our effort to deliver justice to the gulf region in the wake of the Deepwater Horizon tragedy — the largest environmental disaster our nation has ever endured.”Gina McCarthy, the Environmental Protection Agency administrator, estimated that the final settlement represented a payment of $1,725 for each barrel of oil spilled in the disaster. The maximum amount that a judge could have assessed in the case was $4,300 a barrel.
  • The settlement resolves a 2010 lawsuit filed by the Justice Department against BP. It includes civil claims under the Clean Water Act, for which BP has agreed to pay a $5.5 billion penalty, the largest civil penalty in the history of environmental law. Also, it includes natural resources damages claims under the Oil Pollution Act, for which BP has agreed to pay $7.1 billion, on top of the $1 billion it previously committed to pay for early restoration work. Continue reading the main story Related in Opinion Editorial: BP Deal Will Lead to a Cleaner GulfJULY 8, 2015 In addition, the settlement includes economic damages claims, for which BP has agreed to pay $4.9 billion to the five gulf states — Alabama, Florida, Louisiana, Mississippi and Texas — and up to $1 billion to local governments. Louisiana, the hardest hit of the states, will receive $5 billion of the $8.8 billion allocated for restoration.Ms. Lynch said the increase in the total settlement represented a “refining of the numbers” over the initial settlement. “Over time, we refine numbers as the settlement is finalized,” she said.
  • Geoff Morrell, BP senior vice president for United States communications, said in a statement that the revised overall figure did not change the settlement announced in July, but included amounts previously spent or disclosed by the company. The settlement, he said, “resolves the largest litigation liabilities remaining from the tragic accident,” and provides the company “certainty with respect to its financial obligations.”Under the draft restoration plan, $8.8 billion would be allocated to restore the gulf ecosystem.
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  • A panel responsible for assessing the damages to the gulf ecosystems found effects on the region’s wildlife, including fish, oysters, plankton, birds and sea mammals; habitat, including marshes and beaches; and recreational activities.The proposed $8.8 billion in restoration would be invested across the five gulf states over 15 years, in a range of projects intended to restore those resources.“This restoration plan ensures that the funds will be distributed in ways that make sense,” Ms. McCarthy said.
  • Paul Merrell on 13 Oct 15
     
    Let's see. $20.8 billion total settlement. $8.8 billion going to environmental restoration. The Feds pocket $12 billion. And it's all pennies on the dollar in terms of ongoing damage.  The Feds, knowing that they can profit from environmental havoc committed by corporations, only paused deep ocean drilling permits for a few months, hoping for more damage to be caused by other companies.  The real scandal was and is that BP had a long and extremely well-documented history of causing environmental disasters in their pursuit of oil profits. Were there truly any environmental justice, the result would have been corporate capital punishment and virtually all of its executives in prison for the remainder of their lives, preferably at hard labor cleaning up the mess they created. But throw enough zeros after the settlement number and the human beings whose penny-pinching on safety caused the disaster walk free, free to do it all over again. They must have joined the same Too Big to Jail Golf Club that the banksters use.  
Paul Merrell

Asia Times Online :: The Caliph fit to join OPEC - 0 views

www.atimes.com/...MID-01-311014.html

war & peace U.S.-foreign-policy ISIL Turkey Saudis Qatar Syria Iraq pipelinestan

shared by Paul Merrell on 03 Nov 14 - No Cached
  • Islamic State leader Caliph Ibrahim - aka Abu Bakr al-Baghdadi - never ceases to amaze us - and most of all his powerful petrodollar-stuffed backers. The Caliph is for all practical purposes now an oil major worth of membership of the Organization of the Petroleum Exporting Countries (OPEC). His takfiri/mercenary goons - in theory - have for some time been extracting, refining, shipping and/or smuggling and clinching juicy deals involving vast quantities of oil, reaping profits of roughly US$2 million a day. The Caliph's oil prices are to die (be beheaded?) for; after all, he's implementing the same low-price strategy concocted by the people he wants to dethrone in Mecca, the House of Saud. The &lt;a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&amp;amp;cb=%n' target='_blank'&gt;&lt;img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&amp;amp;cb=%n&amp;amp;n=a9473bc7&amp;amp;ct0=%c' border='0' alt='' &gt;&lt;/a&gt; caliphate's GDP across "Syraq" has only one way to go: up. And oh, the irony Top customers for The Caliph's cheap oil happen to be "Sultan" Recep Tayyip Erdogan's Earthly paradise, aka Turkey - a North Atlantic Treaty Organization ally - and that King "Playstation" Abdullah II ibn al-Hussein's domain impersonating a country, aka Jordan.
  • Meanwhile, the awesome, immensely sophisticated military apparatus/intel agency acronym fest deployed by "free" US/NATO somehow is simply unable to register/intercept this racket. Not surprising, when they somehow had not previously registered/intercepted The Caliph's goons taking over large swaths of "Syraq" this summer with their cross-desert version of rolling thunder - that gleaming white Toyota promo ad. As for the Empire of Chaos "solution" to intercept The Caliph's oil profits, the only decision so far has been to bomb oil pipelines that belong to the Syrian Arab Republic, that is, ultimately, the Syrian people. Never underestimate the capacity of US President Barack Obama's "Don't Do Stupid Stuff" foreign policy doctrine to soar towards unreachable stupidity heights.
  • Yo sheikh, talk to the hand Then there's that fateful Secretary of State John Kerry/House of Saud capo hand-kissing fest that took place in Riyadh last month. In this masterful piece, William Engdahl goes no-holds-barred on the supposed Saudi-US cheap oil/bomb Bashar al-Assad/undermine Russia deal. Yet there may not have been a direct deal; more like Washington and Riyadh working in tandem towards common objectives: regime change in Syria in the long term, and undermining both Iran and Russia in the short term. As for that crucial Pipelineistan gambit central to the Syrian riddle - a gas pipeline running from Qatar to regime-changed Syria, instead of Iran-Iraq-Syria - that's not exactly a Saudi, but a rival Qatari priority.
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  • What Kerry did give was the Master's Voice seal of approval to the Saudi strategy of low oil prices, thinking short-term about US oil consumers at the pump, and medium-term on putting pressure on the revenues of both Iran and Russia. Yet he obviously played down the blow to the US shale gas industry. The Saudis, for their part, have other key considerations, not least how to recover their market share across Asia - where their biggest customers are located. They are losing market share because of discounted crude sold by both Iran and Iraq. Thus, both must be "punished", on top of the House of Saud's pathological aversion to all things Shi'ite. As for the big picture in Syria, Obama's capo for dealing with The Caliph, General John Allen, laid down the law to Saudi newspaper Asharq Al-Awasat. He said, "[T]here is not going to be a military solution here [in Syria]". And he also said, "The intent is not to create a field force to liberate Damascus."
  • Short translation: those old goons of the previously "winning against Assad" Free Syrian Army (FSA) are now six feet under. And the new FSA goons to be trained in - of all places - Saudi Arabia are not exactly being regarded as holy saviors. For all practical purposes, the medium-term scenario spells out more US bombing (of infrastructure belonging to the Syrian nation); no regime change in Damascus; and The Caliph steadily consolidating his wins. And finally, the Hollywood factor Imagine if shabby "historical" al-Qaeda had these ultra-slick PR skills. Bearded has-beens with old Kalashnikovs in Afghan caves is so passe. The Caliph not only smuggles tens of thousands of barrels of oil a day undetected, but he also deploys a British hostage turned foreign correspondent (and who may have converted to the Salafi version of Islam) reporting from a hollowed out Kobani about to be totally captured by a bunch of takfiris and mercenaries (they certainly are not mujahideen).
  • Meanwhile, on the ground, only now has Ankara allowed roughly 200 peshmergas from Iraqi Kurdistan - whose slippery leaders do business with Turkey - to cross the border to, in theory, help Kobani. No soldiers, weapons or supplies are allowed for the Kurdish PKK/PYD forces which have been actually defending Kobani all along. Sultan Erdogan's endless procrastination will be judged by any independent investigation as the key element in allowing the possible fall of Kobani. Turkish Prime Minister Ahmet Davutoglu once again has laid down the "conditions" for his country to help with the - so far spectacularly innocuous - US campaign against The Caliph; the possible liberators of Kobani must only be Iraqi peshmergas, and remaining FSA goons, not "terrorists" (as in PKK/PYD). In the end, Kobani - precisely on the border between southeast Anatolia and northern Syria - is highly strategic. The situation on the ground is dire. There may be a little over 1,000 residents left, barricaded in their houses. Protecting them, a little over 2,000 Syrian Kurd fighters, including the female Ishtar brigade. Only 200 peshmergas coming from Iraqi Kurdistan are not going to make a huge difference against a few thousand heavily weaponized caliph goons deploying as many as 20 tanks. It does not look good, even though, unlike in the Caliph-approved Brit hostage report, the fake "mujahideen" are not in total control.
  • The Caliph, anyway, is bound to remain on a roll. Absolutely none of the above would be remotely possible without US/Western overt/covert complicity, proving once and for all that The Caliph is the ultimate gift that keeps on giving in the eternal GWOT (Global War On Terra). How come the Dick Cheney regime never thought about that?
Paul Merrell

U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia - Bloomberg - 0 views

www.bloomberg.com/...er-after-overtaking-saudi.html

oil fracking U.S.-production Big-Energy

shared by Paul Merrell on 07 Jul 14 - No Cached
  • The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in a report today. The country became the world’s largest natural gas producer in 2010. The International Energy Agency said in June that the U.S. was the biggest producer of oil and natural gas liquids. “The U.S. increase in supply is a very meaningful chunk of oil,” Francisco Blanch, the bank’s head of commodities research, said by phone from New York. “The shale boom is playing a key role in the U.S. recovery. If the U.S. didn’t have this energy supply, prices at the pump would be completely unaffordable.”
  • Oil extraction is soaring at shale formations in Texas and North Dakota as companies split rocks using high-pressure liquid, a process known as hydraulic fracturing, or fracking. The surge in supply combined with restrictions on exporting crude is curbing the price of West Texas Intermediate, America’s oil benchmark. The U.S., the world’s largest oil consumer, still imported an average of 7.5 million barrels a day of crude in April, according to the Department of Energy’s statistical arm.
  • “The shale production story is bigger than Iraqi production, but it hasn’t made the impact on prices you would expect,” said Blanch. “Typically such a large energy supply growth should bring prices lower, but in fact we’re not seeing that because the whole geopolitical situation outside the U.S. is dreadful.”
Paul Merrell

What's Really Going on With Oil? | New Eastern Outlook - 0 views

journal-neo.org/...whats-really-going-on-with-oil

war & peace oil-prices Saudis Iran banksters Goldman JPMorgan

shared by Paul Merrell on 25 Jan 16 - No Cached
  • If there is any single price of any commodity that determines the growth or slowdown of our economy, it is the price of crude oil. Too many things don’t calculate today in regard to the dramatic fall in the world oil price. In June 2014 major oil traded at $103 a barrel. With some experience following the geopolitics of oil and oil markets, I smell a big skunk. Let me share some things that for me don’t add up. First appeared: http://journal-neo.org/2016/01/24/whats-really-going-on-with-oil/
Paul Merrell

Oil And Gas Sector Troubles Drive Corporate Default Rate To Highest Level In Seven Year... - 0 views

www.ibtimes.com/t-level-seven-years-sp-2350598

economy corporate-defaults gas-oil-industry

shared by Paul Merrell on 13 Apr 16 - No Cached
  • The troubled oil and gas industry&nbsp;has been a big factor in&nbsp;driving&nbsp;global corporate defaults to their highest rate in seven years.Four more companies defaulted this week, bringing the overall tally to 40 so far this year, the ratings agency Standard &amp; Poor’s said Friday in a research note.&nbsp;The last time defaults hit such heights was in the depths of the global recession in 2009.About one-third of that total, or 14 defaults, came from oil and gas companies, which are struggling to pay off debt&nbsp;acquired when oil prices were higher. U.S. crude prices are down more than 60 percent from their June 2014 peak of $105 a barrel, trading at around $39 a barrel Friday. Investors now face tens of billions of dollars in energy defaults as the worst oil crash in decades leaves drillers struggling to stay afloat.
  • Paul Merrell on 13 Apr 16
     
    In related news, the nation's largest coal company, Peabody Coal, just filed for bankruptcy. Several other coal companies already have, indicative of plummeting markets and prices for coal. 
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