oil

Saudi Arabia considers itself as the leading nation of the Arab world and at times the entire Muslim world. Most Arabs and most Muslims do not agree. Saudi Arabia is indeed a country that many Arabs hate and many Muslims have grown to reject because of the extreme and intolerant religion called Wahhabism which is practised in the Kingdom. Wahhabism bares little resembles to the peaceful, brotherly religion that is mainstream Islam.
In spite of its wealth, Saudi Arabia might not be around forever. Here’s why
1. Oil Dependency 

(MPN) Today’s Libya is virtually unrecognizable from the Libya of years past. Following the violent ouster of former Libyan leader Muammar Gaddafi in 2011, things have taken a turn for the worse as the north African nation declines further into failure.

A declassified CIA document from 1983 reveals the real reasons behind destabilizing Syria and how “the US should consider sharply escalating the pressures against Assad through covertly orchestrating simultaneous military threats against Syria from three border states hostile to Syria: Iraq, Israel and Turkey.”  On April 11, the Saudi regime was highlighted for its continued deployment of chemical weapons against […]

Venezuela’s President Nicolas Maduro, left, talks with Bolivia’s President Evo Morales during a welcome ceremony for presidents attending a meeting in Cochabamba, Bolivia, July 4, 2013. (AP/Juan Karita)
Bolivian President Evo Morales on Thursday slammed ongoing right-wing opposition protests in Venezuela, claiming they serve the interests of multinational elites looking to privatize the country’s oil resources.

(MPN) While the fight to prevent the controversial construction of the Dakota Access pipeline has largely faded from the minds of most Americans, the pipeline’s parent company – Energy Transfer Partners – is still hard at work seeking to further undermine civilian and environmental protections to ensure the “smooth” operation of their $3.8-billion-investment in the project.

Canadian Prime Minister Justin Trudeau, pictured here visiting an urban greenhouse in Montreal last month, “sure is cute, the planet’s only sovereign leader who appears to have recently quit a boy band,” writes Bill McKibben. But don’t be fooled. (Photo: Lufa Farms/flickr/cc)
Environmentalist Bill McKibben is sick of people glossing over Canadian Prime Minister Justin Trudeau’s climate record just because he’s nice to look at.

A drilling rig is set up near a barn in Springville, Pa., to tap gas from the giant Marcellus Shale gas field. (AP/Alex Brandon)

A Saudi man walks at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia. (AP/Hasan Jamali)
MINNEAPOLIS– While the geopolitical implications of Trump’s recent airstrikes against the Syrian government have dominated both mainstream and alternative news outlets, what has been largely overlooked thus far is their economic impact. Soon after the strikes took place, crude oil prices jumped, reaching a one-month high on Friday by surpassing 55 dollars per barrel.

While those who invest in morality and justice called Donald Trump a war criminal and condemned his illegal attack on Syria, those with vested interests in the military-industrial complex were celebrating as the stock market showed defence companies increasing their share prices.
The American company Raytheon, manufactures the Tomahawk Cruise Missiles used in Trump’s attack on Syria.
On the 7th of April Raytheon stocks jumped 1.47%.  

A machine mixes sand and water, left, before it is pumped underground during a hydraulic fracturing operation.
The U.S. state of Maryland has outlawed fracking Wednesday after the Republican governor signed a bill against the cheap oil exploration practice that had passed through the Democrat-controlled state congress, a victory for environmentalists who have been organizing against fracking for years.