Debunking the Petrodollar Myth: Pricing Oil in Dollars Is Just a Convention
The term petrodollar has come to have talismanic value. Time to instill some reality.
Read more...Category Archives: Middle East
A Stunning Political Comeback for Israel’s Netanyahu May Give Way to Governing Nightmare Ahead
Has the wily Netanyahu backed himself into a corner?
Read more...Russia Accuses West of Trying to Replicate Ukraine Strategy in Armenia
Moscow accuses the West of using an Ukraine-style strategy in Armenia as more players enter the fold and the situation in the South Caucuses risks spiraling out of control.
Read more...The Growing Chorus for Peace in Ukraine
It has now become barely acceptable to say it might be a good idea to seek an end to the Ukraine war.
Read more...Wall Street Journal on “U.S.-Saudi Relations Buckle” Focuses on Personalities Over End of Unipolar Era
Even though Biden as always is making a bad situation worse, the US-Saudi relationship looks destined to have gone off the rails.
Read more...NOPEC Bill Would Mean the End Of Aramco and OPEC as We Know Them
The US is seriously considering yet another self-destructive move: bringing the Saudis to heel via a frontal legal/sanctions attack on OPEC.
Read more...Whose Cat Caught the German Tongue? No Blame for Russia After German Train Sabotage on Sunday Morning, No Blame for Nord Stream Sabotage, Yet
Another apparent act of sabotage in Germany, yet the press is peculiarly refusing to play “whodunnit”.
Read more...The U.S. Is Preparing Its Response to the “Short-Sighted” Strategy of OPEC+
The US is having a hissy over the OPEC+ production cut. Not a good look.
Read more...Russia Seeking UN Security Council Meeting Over Nord Stream “Act of International Terrorism.” What Else Might Russia Do?
Russia is almost required, if nothing else for domestic political reasons, to Do Something about the Nord Stream attacks. But what exactly?
Read more...What the Fighting between Armenia and Azerbaijan Is Really About and Why It’s Likely to Get Worse
By Conor Gallagher Ever since the breakup of the USSR, Azerbaijan and Armenia have been locked in a dispute over Nagorno-Karabakh, an enclave recognized as Azerbaijani territory by the international community but mostly populated by ethnic Armenians. They fought a war there two years ago when Azerbaijan grabbed land in a six-week conflict that led […]
Read more...A Moment of Silence
Why a moment of silence is not enough.
Read more...Saudi Arabia New Output Cuts Threat Is Another Blow To Washington
Saudi Arabia in concert with OPEC+, as in Russia, looks to be sticking to its promise to cut output if oil demand softened.
Read more...Turkey Positions Itself as the Middleman in “East-West” Conflict
After being snubbed by NATO and the EU for decades, and suffering from extremely high inflation, Turkey is moving towards Russia.
Read more...Iran And Russia Move To Create A Global Natural Gas Cartel
The emerging Russia-Iran gas OPEC is yet another threat to Western economies.
Read more...China And Saudi Arabia Intensify Energy Cooperation With Critical Deal
How China rescued bin Salman and leveraged that relationship into a deal that advances China’s aim of making the kingdom a client state.
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