Saudi Arabia Manipulated Oil Markets, Outsmarted Itself

[From article]
The economic devastation you see all around, as markets collapse, is due in no small part to the KSA's manipulations – manipulations that have throttled progress for decades.
However, the Saudis have made a major blunder this time. Technology is still making fracking cheaper. So a considerable number of frackers are waiting out the storm. Once the Saudis raise prices, American exploration will be back online quickly. The KSA is fighting a losing battle.
Worse yet, any increase in prices will also help Iran's budget. It seems the KSA is stuck at the bottom of the price graph, damned no matter what its monarch does.
In five years, the KSA's foreign reserves are expected to be emptied out. Already, the KSA is dropping internal subsidies on electricity and domestic gasoline. The local people are upset. Upset Muslims means violent revolution.



For over forty years, this blight of a tribe has caused recessions, caused depressions, and damaged the planet's economy. They got wealthy by re-impoverishing an emerging Third World, starting with the artificially created 1973 oil crisis. They have used their oil wealth to sponsor terrorism (as has Iran). Rather than investing wisely in industry to pick up market slack to become a modern diversified economy, they have invested instead in subsidizing mullahs, arming Salafist extremists in Syria, and exporting Islam around the world.
Now they have no options. Any increase in prices will restart American, European, and Chinese frackers. Failure to increase prices will bankrupt them. As a further blessing, we Americans will no longer have to hear the caterwauling idiocies of environmentalist Chicken Littles screaming about "peak oil."



What the USA can do is protect its fracking industry by severely taxing any oil imports under $50 a barrel. This may upset some free marketers, but the price of oil is rigged. We should rig it in our favor, and insulate ourselves from Saudi manipulations.
Good riddance to the KSA – a corrupt, vicious regime! May their next chief export be bottled camel urine. I wish America had never gotten involved with them.

http://www.americanthinker.com/articles/2016/01/the_end_of_saudi_arabia.html

January 20, 2016
The End of Saudi Arabia?
By Mike Konrad

Russian Oil Interests Fund Opposition to Fracking, Environmental Groups

[From article]
Well, a recent report offers some useful detailed information about the role of Russia in funding the opposition to fracking by so-called Green groups.
The piece was written by investigative reporter Lachlan Markay. He reports the amazing news that a mysterious Bermuda-based company with Russian connections has been feeding tens of millions of dollars to American environmentalist groups who just happen to be virulently anti-fracking.
[. . .]
The Bermudan company is called “Klein Ltd.” Klein donated (i.e., transferred) over $23 million – in the year 2010 alone! – to American environmentalist groups that aim to halt the American fracking revolution and its expansion abroad. Klein funneled the cash to a non-profit organization called “the Sea Change Foundation,” based (where else?) in California. This amounted to 40% of the foundation’s money, please note. The Sea Change Foundation in turn shoveled the loot to anti-fossil fuel activist groups such as the Center for American Progress, Food and Water Watch, the League of Conservation Voters, the National Resource Defense Council, and (but of course) the Sierra Club. These environmentalist machines in turn use the pelf to fund their agitprop disinformation campaigns against fracking.
[. . .]
Klein Ltd. has a director by the name of Nicholas Hopkins. Hopkins just coincidentally is also a director of an investment company that is deeply invested in Russian oil and natural gas companies.
[. . .]
However, the purpose of this web is clear: keep the price of oil high, and keep Russia and its pals like Venezuela and Iran well-funded. All these companies are well-hidden behind walls of secrecy and an iron curtain of opacity. This Russian funding of green groups from behind a screen of secrecy is reminiscent of the Soviet campaign over decades to influence our movie industry and fund various “peace” groups.
[. . .]
In fact, this is of a piece with the long history of the Soviets funneling money to useful American idiots, from socialists and communist fellow-travelers to peace groups to now environmentalist groups.
[. . .]
It is high time for Congress to set up a joint committee to investigate the graft, corruption, cronyism, and foreign influence of the so-called green energy industries. And legislation should be crafted totally outlawing foreign money going to any organization that does any political advocacy in the U.S. That should include foundations like the Clintons’, which even now is accepting massive amounts of foreign money to help Hilary run for president.

http://www.americanthinker.com/articles/2015/02/russian_money_and_useful_american_idiots_the_same_old_story.html

March 2, 2015
Russian Money and Useful American Idiots: The Same Old Story
By Gary Jason

Ohio Report: Fracking Causes Earthquakes

Scary: This map shows the intensity of the underground shaking that was caused by the fracking injections

http://www.dailymail.co.uk/news/article-2412048/Fracking-DID-cause-109-earthquakes-Ohio-confirm-scientists-opposition-controversial-process-grows.html

Fracking DID cause 109 earthquakes in Ohio, confirm scientists as opposition to controversial process grows
By DAILY MAIL REPORTER
UPDATED: 03:40 EST, 5 September 2013