US shale threatens Saudi funding crisis and demise of OPEC

Saudi Arabia and the Opec oil states must wean their economies off energy exports immediately or spiral into decline as America’s shale revolution shatters the world order, a top Saudi business leader has warned.

Ambrose Evans-Pritchard The Telegraph [UK] 29 Jul 2013

Prince Alwaleed bin Talal, the country’s best-known global investor, said the business model […]

Matt Damon’s Anti-Fracking Movie Financed by Oil-Rich Arab Nation

Lachlan Markay The Foundry 9/28/2012

A new film starring Matt Damon presents American oil and natural gas producers as money-grubbing villains purportedly poisoning rural American towns. It is therefore of particular note that it is financed in part by the royal family of the oil-rich United Arab Emirates.

The creators of Promised Land have […]

Missing piece surfaces in the Obama puzzle

Thomas Lifson American Thinker 9/24/2012

Nobody knows for sure how Barack Obama managed to get into and pay for the elite higher education he received, particularly given his self-admitted lackadaisical approach to school in his younger years. The president’s decision to keep his higher education records a secret is considered unworthy of attention by the […]

How will ‘petroshekels’ change the world?

Open Blogger Ace of Spades HQ 8/13/2011

The standing joke among Jews is, “If we’re the Chosen People, why didn’t God promise us some land with OIL under it?” As it turns out, He did.

Recent discoveries — over the past several years — put the amount of natural gas reserves in Israeli territorial waters […]

Iran revolutionary guards’ commander set to become president of OPEC

Rostam Ghasemi, who is blacklisted by western powers, could have major role in determining global oil price

Saeed Kamali Dehghan The Guardian [UK] 27 July 2011

Appointment of Rostam Ghasemi as Iran's oil minister and head of Opec would give him and the revolutionary guards access to an influential international platform. Photograph: Alireza […]

Oil price spikes as OPEC production talks break down

Oil prices spiked higher after reports that Opec producers decided to keep production unchanged as talks broke down.

Telegraph [UK] 08 Jun 2011

Brent crude prices jumped $1.42 to $118 a barrel as Saudi Arabia, the cartel’s biggest producer, failed to convince others to raise output to ease fuel inflation in struggling Western economies.

Ali […]