For one thing, Saudi Aramco (basically the House of Saud’s personal corporation) and the largest company on earth with yearly earnings three times that of the GDP of the UK, does not particularly like low oil prices either. Go figure. Just like Russia, they too like it when oil prices are in the hundred dollar a barrel range because a new Ferrari a week per obscure Saudi prince is seen as a divine right and cheap oil tends to make the royals skimp on the options package. Also, the Wahhabi ruling class in Saudi Arabia need a constant stream of cash to buy off their captive population of restless sex-starved street racing youth who, without regular pay offs, might get all romantic and rebellious and wonder if ISIS could help them revolt and get their hands on all those sweet sweet spice exporting terminals the princes own and grab all of that for themselves. Wealth beyond the dreams of avarice is always a temptation for revolt as is access to 72 virgins but in this life
. Due to the crash in oil prices, the ruling Saudi royals are having to dip into their savings accounts. Deep though they may be, paying off their population with the usual stream of benefits does not come cheap because no matter how you cut it, you can behead only so many people before your Bastille gets stormed.
In chaos and war, it always comes down to the money. But more on oil prices later.One major interesting Obama Administration foreign policy maneuver in 2015 was the nuclear deal signed with Iran. Now that was popcorn-worthy. It was worth it just to watch the Israelis squirm. The Zionists are so used to running American foreign policy for their own benefit and having the US Army take care of their enemies for them (Hussein, Gaddafi, Assad etc) that it was hilarious to watch Netanyahu throw a shit fit in the US Congress against the Iranian deal. It was so tasty to watch that I bought some kosher popcorn, sprinkled it with bacon fat and almost put it in the blender so I could drink it through a straw like a freedom smoothie. Standing up to AIPAC and the Zionist lobby is the single jewel I can admire in the Obama Administration’s non illustrious crown. As to the grand chessboard of the Middle East, it’s now hard to see Israel making a move on Natanz or the other Iranian nuclear facilities. Not only because of their lack of long range refueling tankers and need for US logistic support, but mainly because the worldwide blowback that would ensue would be a PR shit storm too much even for the Israelis to endure.
This is popcorn. It is tasty. Eat some.
As to Syria, as I’ve written before
, it is just the current year in the wider Sunni v Shia regional proxy war. But here’s the fun part. With sanctions about to be lifted on Iran, that means their oil can come to market. The Iranians, in need of hard foreign currency, will begin pumping immediately. Right now, the Saudis have continued pumping oil despite the low price, not just because they can, but because they want to punish US and Canadian shale oil producers who desperately need high oil prices to function simply due to their high costs of extraction. Saudi Aramco would very much like these competitors knocked out of business, workers laid off and all investments in energy self-sufficiency go belly up before the Sheikhs turn down the flow rate on the spigot. Oil is a dirty business because the profits are so huge and men will kill and die for it. Yet the sleazy template always remains the same. First neutralize the competition because the Saudis can pump cheap. Next, let all those bloated storage terminals and offshore tankers unload the glut of contango oil to Gulf refineries. Pump nothing. Wait for prices to climb steadily as shortage inflates prices just before the summer driving season. Hey presto, a Saudi prince just earned himself a new Ferrari because he woke up in the morning.
This is basically the Saudi economy in a nutshell.
But here’s the fun part.
This dollar harvest is going to be harder to farm now that Iran is waiting in the wings ready to pick up any slack in supply. Hungry for hard currency, the Iranians will pump for any price, killing Saudi ambitions to get back to mythical 2007 money. That is one reason why the Shia v Sunni proxy war in Syria is fought also in Yemen, Iraq, Somalia, Pakistan and Bahrain, all of these countries being about as politically stable as a waste water containment tank at Fukushima.
It’s Sunni oil versus Shia oil and most people in the West with a vehicle don’t care.
The irony here is that Israel is now Saudi Arabia’s new best friend. True, their interests have been aligned for years based on that old “the enemy of my enemy is my friend” maxim, but still, it’s interesting. Both of them have excellent US supplied air forces, overwhelming when compared to the Iranians’ Shah-era F-14s. But the latest word on the international arms market is that the Russians have cleared their long standing deal with the Iranians and will begin delivery of the promised state of the art S-300 air defense system by the end of 2016. This would make any attack on Iranian facilities by air orders of magnitude more costly to any aggressor outside of stealth aircraft. And even then, who knows? The Serbs shot down a stealth fighter during the Kosovo war back in the ‘90s and gave the wreckage to the Chinese whose embassy in Belgrade got ‘accidentally bombed’ by the US days later. Still, you can make a safe bet that if some NATO anti-tank weaponry just happened to fall off the back of a truck in Eastern Ukraine any time soon, then I’d bet that Iran would have a Russian S-300 anti-aircraft dome deployed over Tehran the very next day.
The chessboard in 2016 is complicated my friends.
No discussion of the price of oil and US foreign policy would be complete without mentioning the dollar or, more precisely, the petrodollar. Yeah, I know, every guy on the Internet has a Ph.D in this theory but, if all oil must be bought in dollars then this artificial demand for dollars means that, from Russia and China’s point of view, they are indirectly funding America’s foreign wars every time they buy or sell a barrel of crude. Putin has signaled he wants to create an oil index and buy oil in rubles. Sure, it’s a farfetched idea right now considering the ruble makes up only about one percent of the FOREX market but it is also the kind of idea that can get you killed, or start a war, just ask Saddam Hussein or Gaddafi… oh wait.
They already tried it and they’re dead.Europeans can and should rightly lay some blame at the door of the Obama Administration for its current influx woes. Buying oil in dollars means that European nations are indirectly paying for the very US machinations in Syria that have flooded their own countries with a million ‘refugees’ in a single year. The Obama Administration’s total ineptitude when it came to handling post-war Iraq, leaving the field by some arbitrary date as a campaign promise just to woo the young Starbucks-drinking urban hipster vote left a power vacuum in Iraq into which ISIS flowed. Even the Joint Chiefs of Staff were mind-blown by the stupidity. Sure, the Bush neocons broke the vase and did all the damage in the first place, but walking away and leaving the pieces broken was as short-sighted as it was politically expedient for re-election purposes.As Churchill liked to say, “The greatest argument against democracy is a five-minute conversation with the average voter.”Now, after the atrocities, the burnings in cages, the medieval barbarity on the nightly news, this same Administration wants to go after the last dictator left in the Middle East, Assad, the last man standing, he who is holding back the tide. Say what you will about Gaddafi or Hussein. They were dictators, killers and brutal, but you have to be brutal in tribal lands just to keep order. Factional desert people just don’t do voting booths and a polite letter to their Congressman. Arabian concepts of grievance are that when there’s a problem they grab an AK and march their way towards the problem until the problem owns a tank and then they shut the fuck up and go home.Tribal politics are based on power and this economy of power has existed in Arabia for a thousand years. That power trickles down from a leader in a hierarchal pyramid much like the one printed on the back of every dollar bill. The West, terrified by the upheaval brought about by the ‘Arab Spring’ sided with the mob and those at the bottom of the pyramid in the name of ‘democracy’.
Yeah, I don’t swallow that one either, but it’s what they printed in the newspapers and said on TV so it must be true. Right?
Either way, with the tacit and logistic support of the US, the French and British air forces took out Gaddafi’s armor and military infrastructure and now there’s a boat leaving from the Libyan coast to Europe every day just like Gaddafi had warned; boats and rafts filled with the dregs of humanity from backward shit holes like Eritrea, Yemen, Somalia; places so far removed from any concept of European civilization that it boggles the mind that these people show up as refugees in cities from Cologne to Stockholm and have to be given classes on how not to rape women in skirts because Europe, contrary to their belief system, is not an ongoing live action roleplaying porno movie.
Miss us yet?
The hordes pouring out of Syria are unwelcome in every other Middle Eastern country outside of Jordan because even their fellow Arabs do not want them around and see fractious Syrian ethnic Druze, Alawites, Sunni Arabs, Turkmen etc as a destabilizing force. The Israelis on the Syrian border accept zero refugees. Funny how Zionists promote multiculturalism in every country except their own. Funny too how over 80% of the migrants are military aged men and a million alone entered Europe in 2015 with a million more to come in 2016. The Battle of Vienna was fought in 1683 at the gates of Western Civilization to keep out the Ottoman Turks. This current migrant crisis is not immigration; it’s a fucking invasion. How many of these men are veteran militia fighters, cells waiting to be activated to wage the same war they’ve fought in Damascus and Dara’a on the streets of Cologne, London or Stockholm?Or like Paris recently, link up with their homegrown brethren for more asymmetrical warfare.
European citizenry, or at the very least the officials they elect, are suffering from some kind of post WWII abhorrence to violence that borders on self destruction. Decades of plenty has given rise to a pathological altruism among European populations that would shock their world conquering ancestors. WWII has left such an indelible mark on the mainland European psyche and created a mythical egalitarianism where populations believe every foe can be defeated if only you just love them enough. It’s like Jesus on steroids except they’re all atheists. For the Germans, they seem to have this need to prove to the world they’re not Nazis anymore and think Angela Merkel can accomplish some kind of sainthood by flooding quaint German villages with peoples from foreign deserts who have no wish to assimilate, no love for their new land, worship a strange god and see everything European civilization has produced as worthless blasphemy.
Think of it this way. If one percent of the refugees entering Europe in 2015 are veteran militia fighters (a conservative number) that means 10,000 men operating behind enemy lines. No European country since the fall of Rome would have allowed foreign infiltration on this scale without conflict or confrontation. And yet today, a million people have walked into Europe and to even raise the question as to why this is so and who they are means you’re a racist and a bigot. Such is the power of media driven thought control and political correctness.
This is the power of pathological altruism.
Oil funds it.
War fuels it.
Chaos enjoys it.
And so welcome to 2016.
Quite possibly the most interesting year to be alive ever so long as you’ve got popcorn.