Saturday, January 18, 2020

Crude Oil Spikes Higher as Conflict Between the United States & Iran Boils Over – Nathan McDonald (03/01/2020)

by Nathan McDonald, Sprott Money:

Some are calling it bold, some are calling it reckless, and others are holding their breath in anticipation of what comes next after the United States initiated a drone air strike that resulted in the death of one of Iran’s top generals, Qassem Soleimani.

This move not only caught the Iranian government by surprise but the global markets as well, resulting in a massive spike in the price of oil overnight and into the Friday trading session.

US Strategy and What the Gas Pipeline War Is Costing Us

by Manlio Dinucci, Global Research:

Although they were locked in a convoluted struggle concerning the impeachment of President Trump, Republicans and Democrats in the Senate laid down their arms in order to vote, in quasi-unanimity,  for the imposition of heavy sanctions on the companies participating in the construction of North Stream 2, the doubling of the gas pipeline which delivers Russian gas to Germany across the Baltic Sea. The main victims were the European companies which had helped finance the 11 billion dollar project with the Russian company Gazprom.

The project is now  80 % finished. The Austrian company Omy, British/Dutch Royal Dutch Shell, French Engie, German companies Uniper and Wintershall, Italian Saipem and Swiss Allseas are also taking part in the laying of the pipeline.

The China-Russia Gas Pipeline Is Up And Running – Step By Step, Their Power Grows

from Silver Doctors:

While the Western media appears fixated on the Trump impeachment spectacle, many missed the big news of the launching ceremony…

from Global Gold

While the Western media appears fixated on the Trump impeachment spectacle, many missed the big news of the launching ceremony for the China-Russia gas pipeline, which took place on December 2nd, 2019. The pipeline is hailed as a landmark project that will transport natural gas from eastern Siberia through Northeast China to Shanghai. Given the game-changing potential of these developments, we should all pay more attention to what is happening “over there”

The Israel Lobby’s Hidden Hand in the Theft of Iraqi and Syrian Oil

by Agha Hussain and Whitney Webb, MintPress News:

The outsized role of U.S. Israel lobby operatives in abetting the theft of Syrian and Iraqi oil reveals how this powerful lobby also facilitates more covert aspects of U.S.-Israeli cooperation and the implementation of policies that favor Israel.

KIRKUK, IRAQ — “We want to bring our soldiers home. But we did leave soldiers because we’re keeping the oil,” President Trump stated on November 3, before adding, “I like oil. We’re keeping the oil.”

Though he had promised a withdrawal of U.S. troops from their illegal occupation of Syria, Trump shocked many with his blunt admission that troops were being left behind to prevent Syrian oil resources from being developed by the Syrian government and, instead, kept in the hands of whomever the U.S. deemed fit to control them, in this case, the U.S.-backed Kurdish-majority militia known as the Syrian Democratic Forces (SDF).

Putin and the ‘Biden Memorial Pipeline’ to China

by F. William Engdahl, New Eastern Outlook:

In early 2014 Washington staged a blatant coup d’etat in Ukraine breaking the historic relationship with Russia and setting the stage for the subsequent NATO demonization of Russia. The one in charge for the Obama Administration of the Ukraine coup was then-Vice President Joe Biden. Today a bizarre Democrat impeachment attempt aimed at President Donald Trump has curiously enough put the spotlight on the dubious role that Joe Biden played in Ukraine affairs in 2014 and after. That Biden-steered coup had the unintended effect of causing a 180 degree geopolitical pivot of Moscow from West to East. The opening of a massive new gas pipeline now is only one of those unintended consequences.

But US “Energy Independence” is More Complicated

by Wolf Richter, Wolf Street:

The US Becomes Net Exporter of Crude Oil & Petroleum Products for First Time.

US exports of crude oil and petroleum products – this includes gasoline, diesel, jet fuel, naphtha, and many others – exceeded imports in September by 89,000 barrels a day, the EIA reported today, and so the US became a “net exporter” of crude oil and petroleum products for the first time on a monthly basis in the  EIA’s data going back to 1973:

Adam Schiff’s Ties to Ukrainian Natural Gas Company Burisma Continue to Pile Up

by Andrew West, Freedom OutPost:

One of the most damning arguments employed by the Republicans during this impeachment circus was that the entire charade was orchestrated by House Intel Committee Chair Adam Schiff, possibly in conjunction with a White House whistleblower.

As last week wore on, this became all the more apparent.  An increasing number of House Republicans began using their time during these impeachment hearings to shed light on Schiff and his staff’s action in the days leading up to the release of the whistleblower’s complaint regarding a phone call between Donald Trump and his Ukrainian counterpart.