Saudi Arabia

Cheney Cautions Nation On Obama

TOKING THE FIRES of American political intrigue, we have a new interview of former Vice President Dick Cheney speaking of the Obama camp to gnaw. Oddly, the words of Mr. Cheney sound very much like the words of the man now occupying his former suite at the Eisenhower Executive Office Building. Yes. Who can forget Joltin' Joe Biden's dire warning on the campaign trail just as things were heating up? The incoming administration's controversial new policies on Guantanamo Bay prison and the treatment of detainees makes it more likely a terrorist attack against the United States will succeed, according to...

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Jihad Al-Mal Suffers Setback

RAB INVESTORS HAVE LOST $ 2.5 trillion from the credit crunch, Kuwaiti Foreign Minister Sheikh Mohammad al-Sabah, whose country hosts an Arab economic summit next week, said yesterday. “The Arab world has lost $ 2.5 trillion in the past four months” as a result of the global financial crisis, Sheikh Mohammad told a press conference following a joint meeting of Arab foreign and finance ministers in Kuwait. This is most excellent news, and if the 25% hit my family took in its own modest financial portfolio went to sandbag the financial jihad (jihad al-mal) being leveled against the west, I...


Saudis Continue to Play Games

In a fresh turn of events, Saudi Arabia, one of the least charitable nations on the planet has announced it will siphon off a billion dollars of its oil treasure to rebuild Gaza. But Gaza was a thriving stretch of land when the Jews were living there. Enter the Arabs. Well, you know the sad unchanging story. UWAIT CITY—The Saudi king says his country will donate $1 billion to help rebuild the Gaza Strip after Israel's devastating three-week offensive in the Palestinian territory. King Abdullah criticizes Israel for using excessive force in Gaza and says "one drop of Palestinian blood"...


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...


The F Word Is Famine

AUDI ARABIA, from next year, is planning to incrementally, and completely, phase out domestic wheat production over the next several years due to fears over water supplies, introducing plans to halt wheat production by 2016 because of concerns about the desert kingdom's scarce water resources, according to a US government agency. According to the Financial Times Saudi Arabia will begin reducing production annually by 12.5 per cent from next year and will use imports to bridge the domestic consumption gap. As the Saudis gouges the West with its oil exports, some might wonder why is this a matter for concern?...