One of the growing concerns resulting from Trump’s decision to pull the U.S. out of the Iran deal, is that oil – and gasoline – prices will jump so much, now that anywhere between 200kb/d and 700kb/d in Iran exports is taken out of the market, they will offset most benefits to U.S. consumers from the Trump tax cuts.
The US dollar is being challenged by China's oil-futures trading market that opened last month. If the Saudis sell more of their oil to China, the yuan-denominated oil contracts and the launch of the gold-backed petro yuan could be a serious blow against the US petro dollar as the world's reserve currency. China's ace in the hole is its announced intention to make the yuan fully convertible to gold which, if actually done, would make it more attractive globally than the US dollar.
DAMASCUS, SYRIA – After the U.S. launched “limited” airstrikes on Friday against Syria, U.S. Ambassador to the United Nations Nikki Haley announced that the U.S. will maintain its illegal presence in Syria until U.S. goals in the area are fulfilled, opening the door for the U.S. occupation to continue indefinitely.
(MEE) — Crown Prince Mohammed bin Salman’s stop in Houston on Saturday will shift his focus to Saudi Arabia’s reliance on oil at a time when the kingdom looks to diversify its economy. Houston often gets cited as the energy centre of the United States, as the sprawling Texas city has thousands of refineries, petrochemical plants and […]
(ZHE) Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and internationalizing the […]
(ANTIMEDIA) — Memes have become the fabric of everyday internet life, and while many are often silly or flat out stupid, every once in a while, a new meme craze provides potent social commentary. Last year, “If it pleases the crown” memes questioned the fundamental authority of government and mocked the widespread belief that we must […]
On the 15th anniversary of Iraq invasion, evidence remains overwhelming that war was illegal and a "crime of aggression". Yet six Cabinet members were elevated to House of Lords, others to top international jobs. UK elite enjoys impunity for foreign wars. Far from paying any price, the British system has rewarded ministers for their fateful decision on Iraq
As we begin the 16th year of the Iraq war, the American public must come to terms with the scale of the violence and chaos we have unleashed in Iraq. Only then may we find the political will to bring this horrific cycle of violence to an end, to replace war with diplomacy and hostility with friendship, as we have begun to do with Iran and as the people of North and South Korea are trying to do to avoid meeting a similar fate to that of Iraq.
Patrick Henningsen is a geopolitical analyst and has been to Syria in the last year. On a recent edition of the Global Research News Hour with host Michael Welch, he addresses the actual reasons for U.S. interest in the overthrow and undermining of President Assad.
Patrick also gets into Washington’s ‘Plan B’ for Syria and interprets Turkish operations in Afrin, Israeli involvement near Damascus, and Kurdish activity within the north of Syria within that context. Watch:
Minutes of diplomatic meetings reveal unpleasant truths about the war against Syria. Translation: Hanin Elias The Lebanese daily newspaper Al Akhbar published a detailed article on US plans for Syria on February 22, 2018. The original text titled “Washington to its Allies: Let’s Split Syria” comes from journalists Mohammad Ballout and Walid Sharara. The text is based on a diplomatic […]
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