OPEC

Fjordman: The Eurabia Code, Section 2

EDEA (the European Institute for Research on Mediterranean and Euro-Arab Cooperation), supported by the European Commission, is one of the key components of the Euro-Arab dialogue. On its own webpage, it states that: "The Euro-Arab Dialogue as a forum shared by the European Community and the League of Arab States arose out of a French initiative and was launched at the European Council in Copenhagen in December 1973, shortly after the "October War" and the oil embargo. As the Europeans saw it, it was to be a forum to discuss economic affairs, whereas the Arab side saw it rather as...

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Oil Prices, Consumption Continue Slide

An article by Neil King, Jr. of the Wall Street Journal should have conservationist Americans dancing with joy. However, only half the story is actually good news. If these prognostications are true, then the West has some measure of hope of curtailing those runaway oil prices that help cripple our economy this past year. However, the general wisdom that oil prices need to be at a certain level in order to fuel exploration of other energy resources needs to go the way of $140 a barrel oil prices. Because this week's outlook also included news that the frackas between Russia...


Oil Prices Set To Jump

UST AS AMERICANS ARE FINALLY beginning to reap the benefits of plunging gasoline prices—including more money in their pockets—OPEC is getting ready to squeeze them once again by cutting oil production and driving up prices to refineries. The 13-nation global oil cartel—which includes Mahmoud Ahmadinejad's Iran and Hugo Chavez's Venezuela—will hold an emergency meeting in Vienna Friday to discuss the steep and rapid decline in oil prices. "The era of cheap oil is finished," Iran's Oil Minister Gholamhossein Nozari boasted on Tuesday. When asked what price Iran would want for its oil, Nozari declared, "The more the better." "A few...


Detecting OPEC's Financial Jihad

APITALISM IS A SHREWD GAME played by many. And it is the opinion of several political watchdogs, including Walid Phares that OPEC has manufactured this attack on the global markets. This idea was also floated on Bill O'Reilly's broadcast tonight with Ben Stein and Fox Business analyst Liz Macdonald, although earlier in the broadcast O'Reilly was adamant with Newt Gingrich that Barney Frank, Chris Dodd, Henry Paulson and others should be investigated and held accountable for their role in the meltdown of the mortgage market. Was this financial crisis actually planned by the likes of George Soros, which then got...


Oil Sheiks Shirk On Food Supply

These sheiks are simply itching for a fight, and the Sh'ites may oblige them if we damned Yankees won't, but what's all this fuss about "i" before "e" except after "c" that we were taught as dirty kaffir kids? ORLD FOOD PROGRAMS' internal documents show that the major oil producing nations of the Organization of Petroleum Exporting Countries (OPEC) gives almost nothing to the food organization, even as skyrocketing oil prices and swollen oil revenues contribute to the very crisis that the U.N. claims could soon add 100 million more people to the world’s starving masses. The overwhelming bulk of...