Oil

China Continues To Leverage Resources

HANGHAI—bustling Chinese companies have been on a shopping spree in the past month, snapping up tens of billions of dollars' worth of key assets in Iran, Brazil, Russia, Venezuela, Australia and France in a global fire sale set off by the financial crisis. The deals have allowed China to lock up supplies of oil, minerals, metals and other strategic natural resources it needs to continue to fuel its growth. The sheer scope of the agreements marks a shift in global finance, roiling energy markets and feeding worries about the future availability and prices of those commodities in other countries that...

Read More

African Nations Under Seige

IL-RICH NIGERIA, population 140-million, now is very close to an all-out"Islamic takeover', warn two Dutch MPs. And this would have a massive impact: from Nigeria, Africa's islamisation would spread fast—resulting in hundreds of millions of refugees. This would have a massive impact on the future of all of Africa and of the West, warn Dutch parliamentarians Geert Wilders and Martin Bosma of the Party for Freedom, writing in an editorial in the Dutch religious daily, the Reformatorisch Dagblad. A similar situation of course, also exists in Sudan on the Eastern side of the north-African continent: in this rudderless northern African...


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...


Liberty Gasoline Is Good News, Decent Gasoline

On a whim today, I decided to research these new Liberty gas stations that are becoming ubiquitous in the Tri-State area of Maryland, the District of Columbia and Virginia. Imagine my surprise to learn that this gasoline supply outfit is a Virginia founded and operated company, and pumps up fresh American Gulf of Mexico crude via pipelines to Fairfax and Richmond refineries. It's a remarkable story. Finally my conscience can rest. Goodbye Saudi and Venzuelan oil. For my research efforts, I now have a family gasoline pump wholly American, and I salute with all I have—dear Virginia Liberty! Thank you,...


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?...