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Saudi Oil

Non-Dollar Trading Is Killing the Petrodollar -- And the Foundation of U.S.-Saudi Policy in the Middle East

Alastair Crooke | Posted 12.02.2014 | World
Alastair Crooke

This new oil price drop simply is crushing producers' currencies in foreign exchange markets. The combination of the petrodollar losing its ability to act as a store of value, combined now with exchange rate blues, may be the straw that breaks the producer "camel's back" in respect to OPEC and dollar denomination. Such a moment would seem ripe for Russia and Iran to begin a gradual challenge to Saudi's leadership of the OPEC cartel and to the dollar-denominated energy system, if enough OPEC members and other producers are prepared to rebel. Iran has been lobbying hard in this direction.

Breaking Oil's Monopoly: Easier Done than Said

Carl Pope | Posted 08.10.2013 | Green
Carl Pope

The simple arithmetic of oil reserves and markets places these options within our grasp - but only if we reach for them, ideally in partnership with other oil importers. OPEC and big oil companies want expensive oil; the rest of us ought to want affordable fuels.

Ahmed Shihab-Eldin

Tom Friedman: U.S. Foreign Policy In Arab World 'All About Oil'

HuffingtonPost.com | Ahmed Shihab-Eldin | Posted 08.23.2012 | World

"It's all about oil," Thomas Friedman told me, summing up the main motivation behind U.S. foreign policy in the Arab world in just five words. In a...

My Decade of Being "Peak Oil Aware"

Stephen Hren | Posted 04.11.2012 | Green
Stephen Hren

After 9/11, in an attempt to understand the world, I did something I wasn't, as an American, supposed to do. I listened to Osama bin Laden and his complaints.

WikiLeaks Brings Misguided Joy to Preachers of Oil's Peak

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

The perception of shortage is one of the bedrocks of the oil producers' pricing propaganda, rationalizing steepening prices and profits to the OPEC cartel. So of course we're fed reports of scarcity.

Wikileaks Cable Suggests Saudi Arabia Is Running Out Of Oil

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

A Wikileaks cable has reportedly revealed that Saudi Arabia may not have enough oil to stop prices from skyrocketing. That is, depending on how you de...

Why Fox News Rejected our Clean Energy Ad

Richard Allen Smith | Posted 05.25.2011 | Media
Richard Allen Smith

There's nothing confusing about the link between oil and terrorist funding. The only confusing thing is why Fox News would reject an ad that calls to defund our enemies by finding new sources of energy.

Global Warming Fight: Saudi Kingdom Wants Countries To Pay For Drop In Oil Revenue

New York Times | AD MOUAWAD and ANDREW C. REVKIN | Posted 05.25.2011 | Business

Saudi Arabia is trying to enlist other oil-producing countries to support a provocative idea: if wealthy countries reduce their oil consumption to com...

The Saudi Oil Summit: Pipeline to Nowhere

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Given the unwillingness of the Saudis and their assembled OPEC brethren to propose anything meaningful that would alter current price or supply trends, the Jeddah oil "summit" was a dud.

Saudi Arabia Churns Out More Oil, Fearing Demand Erosion

AP | JOHN WILEN | Posted 05.25.2011 | Business

NEW YORK — Crude oil futures swung wildly on Monday, rising to a record and then tumbling as investors wrestled with whether they should put sto...

US To Saudis: Please Pump More Oil

CBS News | Posted 05.25.2011 | Business

U.S. Energy Secretary Samuel Bodman told Saudi Arabia's oil minister Saturday that OPEC should increase oil output. Bodman told reporters before his...