Saudi Arabia preparing to fuel its $100 billion oil war with debt
Saudi Arabia has probably spent around $100 billion of its foreign reserves by now to prosecute its war against American shale and other low-cost oil producers.
Saudi Arabia has probably spent around $100 billion of its foreign reserves by now to prosecute its war against American shale and other low-cost oil producers.
In a recent piece for Forbes, petroleum economics analyst Michael Lynch claimed that America’s addiction to oil is a “myth.” He contends that “Americans consumers have ample choices” when it comes to transportation fuels, and that our relationship with oil is no different than our relationship with “food, housing, and clothing” or “cement or steel.”
In a new report, Special Inspector General for Afghanistan Reconstruction John Sopko said that a now-defunct task force spent nearly $43 million building a compressed natural gas filling station in Afghanistan.
Oil is the black gold that funds Isis’ black flag — it fuels its war machine, provides electricity and gives the fanatical jihadis critical leverage against their neighbors.
Fuel Freedom’s co-founder and chairman, Yossie Hollander, talked about fuel choice and the film PUMP in a podcast interview with the American Jewish Committee’s chapter in Westchester/Fairfield, New York.
Though talk of climate change was notably absent from the 2012 debates—which caused critics to accuse both President Obama and Mitt Romney of “climate silence”—it’s been a fairly steady fixture of presidential debates for decades, discussed in nearly every debate cycle since 1988.
The UN’s Human Rights Council refuses to investigate Saudi Arabia’s war in Yemen. And American leaders refuse to openly criticize the kingdom
The United States has tightened financial pressure on Islamic State, slapping sanctions on more than 30 leaders, supporters and affiliates around the world to squeeze the militant group Washington is having trouble defeating.
If you believe all the recent stories about how Saudi Arabia is losing the price war it started against U.S. tight oil producers, the new Oil Market Report from the International Energy Agency offers a reality check. The Saudis are winning, though they’re paying a heavy price for it.
By helping back the Kurdish forces, known as peshmerga, who continue to push back Islamic State’s core territory with little outside help, Israel could be helping secure a stronger blow against the group’s central command.