Tag: OPEC

What’s Really Going on with Oil?

The ominous element in this more than ominous situation revolving around the center of world petroleum and natural gas reserves, the Middle East, is the fact that in the recent weeks oil prices, which had temporarily stabilized at an already low $40 range in December, now have plunged another 25% to around $29, outlook grim. Citigroup has forecast $20 oil is possible. Goldman Sachs recently came out saying that it may take lows of $20 a barrel to restabilize world oil markets and get rid of the glut of supply.

What’s the Big Deal Between Russia and the Saudis?

The Saudis can’t intellectually understand the see-saw of incoherent Beltway policies due to the power struggle between Zionist neocons and the old establishment. No wonder they might be tempted to move to the Russian side of the fence. But for that to happen there will be many a price to pay.