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The details are emerging of a new secret and quite stupid Saudi-US deal on Syria and the so-called IS. It involves oil and gas control of the entire region and the weakening of Russia and Iran by Saudi Arabian flooding the world market with cheap oil. Details were concluded in the September meeting by US Secretary of State John Kerry and the Saudi King. The unintended consequence will be to push Russia even faster to turn east to China and Eurasia.
The US-Saudi oil price manipulation is aimed at destabilizing several strong opponents of US globalist policies. Targets include Iran and Syria, both allies of Russia in opposing a US sole Superpower. The principal target, however, is Putin’s Russia, the single greatest threat today to that Superpower hegemony. The strategy is similar to what the US did with Saudi Arabia in 1986 when they flooded the world with Saudi oil, collapsing the price to below $10 a barrel and destroying the economy of then-Soviet ally, Saddam Hussein in Iraq and, ultimately, of the Soviet economy, paving the way for the fall of the Soviet Union. Today, the hope is that a collapse of Russian oil revenues, combined with select pin-prick sanctions designed by the US Treasury’s Office of Terrorism and Financial Intelligence will dramatically weaken Putin’s enormous domestic support and create conditions for his ultimate overthrow.
Today the US-backed wars in Ukraine and in Syria are but two fronts in the same strategic war to cripple Russia and China and to rupture any Eurasian counter-pole to a US-controlled New World Order. In each, control of energy pipelines, this time primarily of natural gas pipelines—from Russia to the EU via Ukraine and from Iran and Syria to the EU via Syria—is the strategic goal.
The Energy Information Administration is reporting today that “Saudi Arabia was the world’s largest producer and exporter of petroleum and other liquids in 2012, producing an average of 11.6 million barrels per day (bbl/d) and exporting an estimated 8.6 million bbl/d (net).” The United States (“Saudi America”) was the No. 2 petroleum-producing country last year with an average output of just over 11 million bbl/d (see bottom chart above).
However, based on international monthly oil production statistics from the EIA currently available through November 2012, the United States surpassed Saudi Arabia’s petroleum output in November (see top chart above). Thanks to the significant increases in shale oil production in North Dakota and Texas, total oil output in the US expanded by more than 7% between August and November, while output in Saudi Arabia fell by 4% during that period. Those trends brought “Saudi America’s” petroleum output in November (11.65 millions bbl/d) above Saudi Arabia’s production (11.25 million bbl/d) by 400,000 barrels per day, and is the first time in more than ten years (since August 2002) that the US has produced more petroleum products than Saudi Arabia.
US was world’s largest petroleum producer in November, surpassing Saudi Arabia for first time in ten years
U.S. oil output will surge to 13.1 million barrels a day in 2019 and plateau thereafter, according to the IEA, a Paris-based adviser to 29 nations. The country will lose its top-producer ranking at the start of the 2030s, the agency said in its World Energy Outlook in November.
U.S. Seen as Biggest Oil Producer After Overtaking Saudi Arabia
originally posted by: BornAgainAlien
a reply to: dragonridr
No, OPEC controls prices with tightening or loosening production. When demand is lower they simply tighten production to get for the oil the desired price they want.
originally posted by: funkadeliaaaa
Russia could pull the rug out from under the west by investing in green technology and off grid technologies like tesla solar batteries and solar pannels, rather than fighting an oil war it knows it cant win. Just my pennies worth.
originally posted by: BornAgainAlien
a reply to: the2ofusr1
Russia gets its most revenues from oil.
The oil price weapon is the most important part, and you`re right it has been dropping for a month now. But the reason it being directly used as weapon in a war against China/Russia/Iran is of great importance.
Putin his speech now makes a whole lot more sense.
For a country at Russia’s level of development, 0.5% growth is not terribly impressive. It fact, it’s downright bad. But here is what 0.5% annual growth is not: economic performance so catastrophically poor that it will spark civil unrest and the rapid overthrow of Vladimir Putin and his government. Despite the increasingly large set of chips stacked against it, Russia’s economy continues to stumble along. Most professional economists, when queried, predict that it will continue to do the same for the short and medium terms. A Russia growing at less than 2% a year will eventually run into serious difficulty, but that will be a lengthy and uncertain process, not a swift and predictable one.
Why is this important? Because there is a persistent and unfortunate tendency to conflate what people want to happen in Russia (economic doom!) with what is actually happening (slow growth). In short: pretending that Russia’s economy is “on the verge of collapse” doesn’t help anyone because it isn’t on the verge of collapse. Any policies formulated on the assumption of short-term Russian economic implosion will fail because Russia’s economy is growing and will probably continue to grow.
originally posted by: BornAgainAlien
a reply to: dragonridr
Reading you Russia nor China is not to be feared by US/EU. But the actions from US/EU against them (Libya,Syria, Iran, Ukraine, Hong Kong and the economic/media warfare) speak otherwise. You clearly overestimate what conventional military power can do abroad against Russia. Russia can use small tactical nukes against Nato forces and wiping out whole sections and bases if needed, let alone the logistical nightmare Nato would be facing in bringing in the forces close to Russian/Chinese borders.
China knows it needs Russia against The West, just as Russia knows it needs China, they are no fools and know what`s at stake.
Russia`s economy will not implode, it`s an exaggeration of certain Western media to influence Russian citizens into thinking that will happen. Russians have internet freedom and it`s just media warfare in a campaign to try to scare ordinary Russians so they will revolt against Putin.
US is desperate because they know the sanction are not working as well as expected and are biting EU much harder as was expected. If Russia was really in that much trouble it would change it policies.
Despite US and EU Sanctions, Russia's Economy Is Still Growing
For a country at Russia’s level of development, 0.5% growth is not terribly impressive. It fact, it’s downright bad. But here is what 0.5% annual growth is not: economic performance so catastrophically poor that it will spark civil unrest and the rapid overthrow of Vladimir Putin and his government. Despite the increasingly large set of chips stacked against it, Russia’s economy continues to stumble along. Most professional economists, when queried, predict that it will continue to do the same for the short and medium terms. A Russia growing at less than 2% a year will eventually run into serious difficulty, but that will be a lengthy and uncertain process, not a swift and predictable one.
Why is this important? Because there is a persistent and unfortunate tendency to conflate what people want to happen in Russia (economic doom!) with what is actually happening (slow growth). In short: pretending that Russia’s economy is “on the verge of collapse” doesn’t help anyone because it isn’t on the verge of collapse. Any policies formulated on the assumption of short-term Russian economic implosion will fail because Russia’s economy is growing and will probably continue to grow.
Source
The moment Russia comes into real problems you will notice a shift in its policies and most importantly EU will be cut of Russian gas till sanctions are lifted.