Tag Archives: oil

The Saudis Are Stumbling – They May Take the Middle East With Them – Conn Hallinan

Posted on November 15, 2015 by kf1

America’s leading Sunni ally is proving how easily hubris, delusion, and old-fashioned ineptitude can trump even bottomless wealth. For the past eight decades Saudi Arabia has been careful. Using its vast oil wealth, it’s quietly spread its ultra-conservative brand of … Continue reading →

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The World Cup of Oil by JOHN K. WHITE

Posted on July 8, 2014 by kf1

It was reported last week that the United States is now the number 1 oil producer in the world ahead of Saudi Arabia and Russia, adding to its 2010 lead in gas production, all thanks to the fracking revolution and … Continue reading →

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Iraq: the Biggest Petroleum Heist in History? – Mike Whitney

Posted on May 25, 2014 by kf1

“Prior to the 2003 invasion and occupation of Iraq, US and other western oil companies were all but completely shut out of Iraq’s oil market. But thanks to the invasion and occupation, the companies are now back inside Iraq and … Continue reading →

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Big Oil’s $140 Billion A Year and Counting – The Looting of Nigeria by THOMAS MOUNTAIN

Posted on June 1, 2012 by kf1

As western oil companies loot some $140 Billion a year of Nigeria’s black gold two thirds of the country’s 100 million people live on less than $2 a day. Nigeria’s “official” oil production figures show about 3 million barrels a … Continue reading →

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