MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘ARAMCO’

NOPEC Bill Won’t Bring Oil Prices Down

Posted by M. C. on October 14, 2022

Tyler Durden's Photo

BY TYLER DURDEN

THURSDAY, OCT 13

Authored by James Durso via OilPrice.com,

“Nobody f*cks with a Biden,” said the U.S. president, and the oil ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC+) replied, “Hold my beer.”  OPEC+ then proceeded to approve production cuts of 2 million barrels per day,

https://www.zerohedge.com/geopolitical/nopec-bill-wont-bring-oil-prices-down

  • Washington responded angrily to OPEC+’s decision to cut output.
  • U.S. legislators have suggested the introduction of a bill called NOPEC in order to reduce OPEC’s power.
  • NOPEC could send oil prices higher and end the dominance of the petrodollar.

“Nobody f*cks with a Biden,” said the U.S. president, and the oil ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC+) replied, “Hold my beer.”  OPEC+ then proceeded to approve production cuts of 2 million barrels per day, despite a full court press by the administration in the weeks leading up to the decision, and raised the price of oil for the U.S., lowered it for Europe, and left it unchanged for Asia. According to National Security Advisor Jake Sullivan, “the President is disappointed by the shortsighted decision by OPEC+ to cut production quotas” and “the Biden Administration will also consult with Congress on additional tools and authorities to reduce OPEC+’s control over energy prices,” neglecting to mention that Biden administration decisions to cancel the Keystone XL pipeline and to stop issuing new oil and gas leases on public lands gave OPEC+ the upper hand. 

Apparently, a fist bump only gets you so far. 

There followed a lot of “how dare they!” by the great and good, but OPEC+ was having none of it. The day before the announcement, the Saudi energy minister dressed down a Reuters reporter for shoddy work by his colleague who claimed that Russia and Saudi Arabia (the Kingdom) conspired to price oil at $100 per barrel, and later explained OPEC+ was being proactive as the West is attacking inflation with higher interest rates which, in turn, may cause a recession and drive down oil demand (and price). Amin Nasser, Saudi Aramco’s chief executive officer, explained that the leading cause of today’s energy crisis is years of underinvestment in oil and gas production and that the situation will be worse when the global economy rebounds from the current slowdown. 

See the rest here

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US Defends Your Freedom By Using Troops As Saudi Oil Security Guards – Caitlin Johnstone

Posted by M. C. on September 24, 2019

the US government has responded in the only possible rational way: by blaming Iran and deploying troops to act as security guards for Middle Eastern oil companies.

https://caitlinjohnstone.com/2019/09/22/us-defends-your-freedom-by-using-troops-as-saudi-oil-security-guards/

If you’ve been lying awake at night terrified that the Pentagon might not send additional troops and armaments to defend oil corporations in Saudi Arabia and the United Arab Emirates, I’ve got some great news for you.

In response to an attack on Saudi Aramco oil infrastructure for which Houthi rebels in Yemen have taken credit, the US government has responded in the only possible rational way: by blaming Iran and deploying troops to act as security guards for Middle Eastern oil companies.

“In response to the kingdom’s request, the president has approved the deployment of U.S. forces, which will be defensive in nature and primarily focused on air and missile defense,” Defense Secretary Mark Esper informed the press yesterday. “We will also work to accelerate the delivery of military equipment to the kingdom of Saudi Arabia and the UAE to enhance their ability to defend themselves.”

So you can breathe easy, my friend. Freedom and democracy are safe once more.

A lot of delusional, unpatriotic democracy haters like to argue that the US military doesn’t actually defend the freedom of the American people, and that it isn’t really used to defend freedom at all, and that it isn’t even really used to defend any rules-based international order as sometimes claimed, and that even to use the word “defend” to describe anything the US military does is inaccurate since it is consistently on the attacking and aggressing side of any given conflict, and that actually the US military functions as nothing other than a blunt object wielded by the rich and powerful for the advancement of plutocratic interests and the geostrategic dominance of opaque and unaccountable government agencies, and that it can in fact be accurately said that the only difference between the US military and any other band of armed thugs is funding…

I forget where I was going with this.

Ah, yes. Defending your freedoms. If sending a platoon of Paul Blarts to act as mall security for foreign oil corporations isn’t enough to get you saluting every American flag flying over every McDonald’s you see, then you should know that the US military’s freedom fighting doesn’t end at mere corporate asset protection.

They’re also defending your freedom by killing Afghan farmers in their sleep.

Why did the armed forces of the United States kill dozens of civilian farmers in Afghanistan while they rested in the field after a hard day’s work? That’s a good question. But an even better question is, what were those Afghan farmers doing lying on top of your freedom?

Obviously the compassionate US military would never dream of killing non-combatants under any circumstances whatsoever, but the unfortunate fact of the matter is that you can’t make an omelet without cracking a few civilians. Those dead farmers were collateral damage, caught in the crossfire of a a life-or-death struggle for freedom and democracy in a nation that surely has something to do with defending those things somehow. It is certainly a loss that civilians perish in this way on a regular basis in Afghanistan, but that’s a small price to pay for everything we’ve gained as a result of that eighteen-year occupation, such as [research what’s been gained and put here in second draft].

Yes, whether they’re defending Saudi Aramco profit margins, bombing field laborers, encircling the planet with hundreds of military bases, stockpiling nuclear weapons, funneling weapons to extremist militias, toppling governments, destabilizing large regions, inflicting siege warfare upon civilians via starvation sanctions, or just generally dominating the entire world using the carrot of military alliance and the stick of military retribution, you can rest assured that the US military is giving your freedoms the best protection that petrodollars and war profiteering can buy.

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Trump’s Bombing of Syria: Continuation of a Policy Which Started Only 3 Years After Syria Became an Independent Nation … When Trump Was 2 Years Old

Posted by M. C. on April 12, 2017

http://www.washingtonsblog.com/2017/04/trumps-bombing-syria-simply.html

As early as 1949, this newly independent Arab republic was an important staging ground for the CIA’s earliest experiments in covert action.

The CIA secretly encouraged a right-wing military coup in 1949.

The reason the U.S. initiated the coup? Little explains:

In late 1945, the Arabian American Oil Company (ARAMCO) announced plans to construct the Trans-Arabian Pipe Line (TAPLINE) from Saudi Arabia to the Mediterra- nean. With U.S. help, ARAMCO secured rights-of-way from Lebanon, Jordan and Saudi Arabia. The Syrian right-of-way was stalled in parliament.

In other words, Syria was the sole holdout for the lucrative oil pipeline.

(Indeed, the CIA has carried out this type of covert action right from the start.)

Typical Washington efficiency.  A 70 year long execution.

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