Professor Vijay Prashad: Saudi Arabia Is in trouble & makes a big mistake

Summary: In our age some of the greatest conflicts see no shots fired, such as the oil price "war" begun by the Saudi Princes. Opinions differ about the eventual outcome. I say bet on the Saudis to win. But nothing is simple. Here regional expert Vijay Prashad sees the Saudi Princes making a foolish and … Continue reading Professor Vijay Prashad: Saudi Arabia Is in trouble & makes a big mistake

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Stratfor looks at the Saudi Princes’ plans for a 21stC Kingdom under their rule

Summary:  Saudi Deputy Crown Prince Mohammed bin Salman gave his first-ever live interview to announce a bold new plan for the Kingdom. Stratfor sketches the details. It's the standard conservative schtick: "tightening the social contract" (i.e., cutting subsidies to the public), privatizing national assets, and big talk about a glorious future -- in which the … Continue reading Stratfor looks at the Saudi Princes’ plans for a 21stC Kingdom under their rule

The oil bust will deepen before prices skyrocket. Even wilder swings lie ahead.

Summary: The great struggle to manage or even control oil prices again dominates the world economy and the news headlines. Yet even the basics are poorly understood, cloaked in myths and misunderstandings. Here is a quick sketch of how the oil boom brought us here, how the bust will end, who will win, and what … Continue reading The oil bust will deepen before prices skyrocket. Even wilder swings lie ahead.

Mining and manufacturing are in recession. Will America follow?

Summary: The mining and manufacturing sectors of the US economy have rolled over. Perma-bear websites publish lurid descriptions of the horrific effect this will have on the US economy. What's the truth? {2nd of 2 posts today.} (1) The manufacturing collapse Perma-bears often describe the manufacturing sector as in a downturn, sometimes as in a … Continue reading Mining and manufacturing are in recession. Will America follow?

Lessons from the hysteria about peak oil (2005-2013)

Summary: The peak oil hysteria provides rich lessons for us today about learning from activists and the value of listening to our major professional institutions. Easy cynicism led people to believe outlandish forecasts, wasting valuable time and resources. Worse, we have had many such barrages by doomsters -- aided by their clickbait-seeking enablers in the … Continue reading Lessons from the hysteria about peak oil (2005-2013)

Stratfor: Who Wins and Who Loses in a World of Cheap Oil

Summary: Stratfor looks at one of the big questions for 2016. Low oil prices will devastate those nations dependent on oil revenue and provide small benefits to those that consume oil. The destabilizing effect of the former will affect everybody, to vary degrees. Ten years ago people worried about running out of oil (see the … Continue reading Stratfor: Who Wins and Who Loses in a World of Cheap Oil

The first financial world war has begun, over oil. Bet on the Saudi Princes to win.

Summary: We have not begun a new era of low oil prices, fruits of new tech and a beneficent Fate. Low oil prices are the wreckage of an ongoing war -- a financial war waged by the Saudi Princes for control of the world oil markets. We can predict who will win but only guess … Continue reading The first financial world war has begun, over oil. Bet on the Saudi Princes to win.