Category Archives: Energy

Saudi Coup Signals War And The New World Order Reset, by Brandon Smith

Brandon Smith’s long-predicted global economic reset may be underway, with Saudi Arabia moving out of the US, and the petrodollar, orbit. From Smith at alt-market.com:

For years now, I have been warning about the relationship of interdependency between the U.S. and Saudi Arabia and how this relationship, if ended, would mean disaster for the petrodollar system and by extension the dollar’s world reserve status. In my recent articles ‘Lies And Distractions Surrounding The Diminishing Petrodollar’ and ‘The Economic End Game Continues,’I point out that the death of the dollar as the premier petrocurrency is actually a primary goal for establishment globalists. Why? Because in an effort to achieve what they sometimes call the “global economic reset,” or the “new world order,” a more publicly accepted centralized global economy and monetary framework is paramount. And, this means the eventual implementation of a single world currency and a single global economic and political authority above and beyond the dollar system.

But, it is not enough to simply initiate such socially and fiscally painful changes in a vacuum. The banking powers are not interested in taking any blame for the suffering that would be dealt to the masses during the inevitable upheaval (or blame for the suffering that has already been caused). Therefore, a believable narrative must be crafted. A narrative in which political intrigue and geopolitical crisis make the “new world order” a NECESSITY; one that the general public would accept or even demand as a solution to existing instability and disaster.

That is to say, the globalists must fashion a propaganda story to be used in the future, in which “selfish” nation-states abused their sovereignty and created conditions for calamity, and the only solution was to end that sovereignty and place all power into the hands of a select few “wise and benevolent men” for the greater good of the world.

I believe the next phase of the global economic reset will begin in part with the breaking of petrodollar dominance. An important element of my analysis on the strategic shift away from the petrodollar has been the symbiosis between the U.S. and Saudi Arabia. Saudi Arabia has been the single most important key to the dollar remaining as the petrocurrency from the very beginning.

To continue reading: Saudi Coup Signals War And The New World Order Reset

Advertisements

Bob Lutz is Senile . . . Let’s Hope, by Eric Peters

Remember when visions of the future were optimistic, even utopian, filled with projections of progress? No more. Bob Lutz’s vision of the future sounds unintentionally Orwellian (most visions of the future these days are intentionally Orwellian). From Eric Peters at theburningplatform.com:

The only rational explanation for Bob Lutz’ recent column predicting the imminent doom of autonomous cars – and of autonomous driving – is senile dementia.

Or something much worse.

See the picture above – of him with Elon Musk.

Lutz writes that within 20 years, at the most, every autonomous car will be scrapped or taken off the road – and that everyone will be herded, like cattle, into automated “modules,” as he describes them – to be summoned by app and paid for via debt/credit card.

These “modules” will, of course, be electric.

Here’s Bob . . .

“The end state,” according to Lutz, will be the fully automated modules (he uses autonomous, which is the acme of illiteracy; I have made the appropriate substitution) with no capability for the driver to exercise command. You will call for it, it will arrive at your location, you’ll get in, input your destination and go to the freeway.”

Human-driven vehicles “will be legislated off the highways.”

Whisk! Just like that.

No more car companies. Or dealers. No car lots – new or used.

No motorcycles, either.

Just transportation service providers dunning us per ride, like Uber and Lyft – except without the option to opt out.

Car brands – especially performance car brands like BMW and Audi and Porsche – will become irrelevant and go away because the “modules” will all be the same. One electric motor being just like the next one.

And they will go the same, too.

No more autonomous movement. Just queuing up. One “module” among many, all moving at the same pace – and not your pace.

“Nobody will be passing anybody else on the highway,” Lutz explains. Everyone will be driven at the same speed, that speed to be determined by the central government-corporate hive.

To continue reading: Bob Lutz is Senile . . . Let’s Hope

What Now? by James Howard Kunstler

The Middle East is falling apart, and there’s not much hope that it will be put back together again anytime soon. From James Howard Kunstler at kunstler.com:

It must be exciting to wake up on a gilded bed somewhere in Riyadh and realize that you are Saudi Crown Prince Mohammad bin Salman, mover and shaker of Middle East order. Actually, exciting just to have woken up at all. Perhaps Prince MBS checks to make sure that there aren’t seventy-two virgins in the room before he rises to prayers, state business, and the prospect of World War Three.

The Kingdom of Saudi Arabia (KSA) has been a giant gasoline bomb waiting to explode for decades. It occupies one of the geographically least hospitable corners of the earth. Its existence as a modern (cough cough) state relies strictly on the reserves of oil discovered as recently as the late 1930s, that is, within the lifetime of people still reading this blog. The oil supply is in steep decline, and so, of course, is the stability of the kingdom.

Politically, it’s a super-medieval operation, an absolute monarchy tied to a severe religious order with the law floating precariously between the two, and old-fashioned customs such as the public beheading of criminals (for misdeeds such as “adultery,” “atheism,” and “sorcery”). The Saud clan has controlled the throne all these years, and its grip on power is slipping as the country itself slips into the prospective next era of its history, minus the endless gusher of oil that has made its existence possible — hence, a true existential crisis without the usual pseudo-intellectual bullshit.

How are they going to support the thirty or forty million people who will still be there when the oil exports dribble down? Most of the work done in the country is performed by foreign “guests.” The indigenous folk don’t even remember how to milk a camel, let alone run routine maintenance on a desalinization plant. (And what are you going to run the de-sal plant on when the oil runs down?) These are questions that must drive thoughtful Saudi royalty mad.

To continue reading: What Now?

If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention, by Chris Martenson

What’s going on in Saudi Arabia may signal a huge global realignment. From Chris Martenson at peakprosperity.com:

While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, is likely to be enormous.

A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It’s upending many decades of established strategic relationships among the world’s superpowers and, in particular, is throwing the Middle East into turmoil.

So much is currently in flux, especially in Saudi Arabia, that nearly anything can happen next. Which is precisely why this volatile situation should command our focused attention at this time.

The main elements currently in play are these:

  • A sudden and intense purging of powerful Saudi insiders (arrests, deaths, & asset seizures)
  • Huge changes in domestic policy and strategy
  • A shift away from the US in all respects (politically, financially and militarily)
  • Deepening ties to China
  • A surprising turn towards Russia (economically and militarily)
  • Increasing cooperation and alignment with Israel (the enemy of my enemy is my friend?)

Taken together, this is tectonic change happening at blazing speed.

That it’s receiving too little attention in the US press given the implications, is a tip off as to just how big a deal this is — as we’re all familiar by now with how the greater the actual relevance and importance of a development, the less press coverage it receives. This is not a direct conspiracy; it’s just what happens when your press becomes an organ of the state and other powerful interests. Like a dog trained with daily rewards and punishments, after a while the press needs no further instruction on the house rules.

It does emphasize, however, that to be accurately informed about what’s going on, we have to do our own homework. Here’s a short primer to help get you started.

To continue reading: If The Saudi Arabia Situation Doesn’t Worry You, You’re Not Paying Attention

A Talent for Deception, by Eric Peters

The federal ethanol mandate is one of the larger government ripoffs imposed on Americans, courtesy of the corn lobby. From Eric Peters at theburningplatform.com:

When establishment Republicans like Jim Talent pat the president on the back, he might want to check for a knife.

Talent recently praised Trump for not ending or even dialing back the Renewable Fuels Standard – a federal mandate which force-feeds billions of gallons of ethanol and biodiesel to American drivers, like it or not. The fact that there is no natural market for ethanol – which may be “renewable” but isn’t energy efficient – doesn’t seem to bother Talent, who is an ex-senator from Missouri and lawyer/lobbyist/PR flack by trade.

This probably explains his lack of economic and engineering knowledge about ethanol.

It’s astonishing, first of all, that he could write that ethanol “saves consumers at the pump.” If that were so, “consumers” wouldn’t need to be force-fed ethanol. This much ought to be obvious – even to a lawyer/lobbyist.

But ethanol does have to be force-fed to Americans –  because it costs them money.

To begin with, it contains less energy per gallon than gasoline. It takes 1.5 gallons of ethanol to equal the energy contained in a gallon of gasoline. That means your car doesn’t travel as far on ethanol-adulterated fuel – and you need to fill up sooner.

Which costs you money.

Ethanol – which is corn alcohol – costs in other ways, too.

Car engines and fuel delivery systems have to be “hardened” to handle ethanol-adulterated fuel, because alcohol is both highly corrosive as well as water-attractive. It accelerates internal rusting of fuel tanks and lines and – in car and other engines not designed for it – accelerates the deterioration of rubber and plastic seals, too – leading to leaks and potentially fires.

To continue reading: A Talent for Deception

The Secret Reason Trump Is So Cozy With Saudi Arabia, by Nick Giambruno

It all boils down to petrodollars and the reserve currency. From Nick Giambruno at internationalman.com:

As a candidate, Donald Trump used uncommonly harsh language to criticize Saudi Arabia—the world’s largest oil exporter.

He called the Saudi regime the world’s biggest funder of terrorism.

He also said the Saudi government uses “our petro dollars—our very own money—to fund the terrorists that seek to destroy our people, while the Saudis rely on us to protect them!”

At another point, Trump said, “Who blew up the World Trade Center? It wasn’t the Iraqis, it was Saudi [Arabia].”

Trump also criticized Hillary Clinton for taking Saudi money for the Clinton Foundation. (They were its biggest “donors.”) He even challenged her to return the money.

He also famously got into a Twitter spat with a prominent member of the Saudi royal family, Alwaleed bin Talal.

As a candidate, Trump blasted the Saudis countless other times.

But, after he took office, Trump did a complete 180. He stopped criticizing the Saudis. In fact, he’s now singing their praises.

It’s bizarre… as if someone put a severed horse head in his bed.

Mere months after criticizing the Saudis, he was on Air Force One headed to Saudi Arabia to do the sword dance with his new friends.

It was his first foreign trip as president.


President Trump with King Salman

Trump’s about face was astounding. But his newly adopted deference to the Saudis is no different than Obama’s, Baby Bush’s, or any previous president’s.


President Obama with King Abdullah


President G.W. Bush with King Abdullah

Today, I’ll tell you why Trump made such an abrupt turnaround. I’ll also explain why the Saudis get special treatment from the US Deep State.

To continue reading: The Secret Reason Trump Is So Cozy With Saudi Arabia

How Broke is the House of Saud? by Raúl Ilargi Meijer

No matter how much you start with, even millions of barrels of oil reserves, if you spend more than you take in, you’ll eventually go broke. From Raúl Ilargi Meijer at theautomaticearth.com:

Trying to figure out what on earth is happening in the Middle East appears to have gotten a lot harder. Perhaps (because) it’s become more dangerous too. There are so many players, and connections between players, involved now that even making one of those schematic representations would never get it right. Too many unknown unknowns.

A short and incomplete list of the actors: Sunni, Shiite, Saudi Arabia, US, Russia, Turkey, ISIS, Syria, Iran, Iraq, Libya, Kurds, Lebanon, Hezbollah, Hamas, Qatar, Israel, United Arab Emirates (UAE), Houthis, perhaps even Chechnya, Afghanistan, Pakistan. I know I know, add your favorites. So what have we got, or what do we know we’ve got? We seem to have the US lining up with Israel, the UAE and Saudi Arabia against Russia, Iran, Syria, Hezbollah. Broadly. But that’s just a -pun intended- crude start.

Putin has been getting closer to the Saudis because of the OPEC production cuts, trying to jack up the price of oil. Which ironically has now been achieved on the heels of the arrests of 11 princes and scores of other wealthy and powerful in the kingdom. But Putin also recently signed a $30 billion oil -infrastructure- deal with Iran. And he’s been cuddling up to Israel as well.

In fact, Putin may well be the most powerful force in the Middle East today. Well played?! He prevented the demise of Assad in Syria, which however you look at it at least saved the country from becoming another Iraq and Libya style failed state. If there’s one thing you can say about the Middle East/North Africa it’s that the US succeeded in creating chaos there to such an extent that it has zero control left over any of it. Well played?!

One thing seems obvious: the House of Saud needs money. The cash flowing out to the princes is simply not available anymore. The oil price is a major factor in that. Miraculously, the weekend crackdown on dozens of princes et al, managed to do what all the OPEC meetings could not for the price of oil: push it up. But the shrinkage of foreign reserves shows a long term problem, not some momentary blip:

 

To continue reading: How Broke is the House of Saud?