Monday, October 20, 2014

Kiev Missile(s) Fire on Chemical Plant in Donetsk ? Ceasefire breach



Also




“I was approaching my apartment building, when I heard a strong explosion,” another local resident, Irina, told RT. “Thing is that for the past two weeks there has been non-stop shelling day and night – we are used to that. But today there was that was such a strong blast that I have not heard before. I even sat down on the ground, probably, because of the blast power and from fright.”

 RT

A huge blast has rocked a chemical factory in Donetsk in eastern Ukraine, the city council says on its website. The blast wave reportedly shattered windows in houses in a radius of several kilometers.
The explosion reportedly took place at 12:10pm local time.
#UKRAINE: Blast rocks chemical plant in #Donetsk, militia claims Kiev fired tactical missile http://t.co/4OCCdwf4zb pic.twitter.com/4sidy4qqso
— RT (@RT_com) October 20, 2014
Local militia has said that the plant was targeted by a tactical Tochka-U missile (SS-21 Scarab).RT’s team in Donetsk is trying to verify this information.


When RT’s team arrived at the scene, they found a crater “about 10 meters (33 feet) deep,” he said.
“We were caught up in sniper fire – there were at least three snipers working at the time,” RT’s reporter said. “We had to sit in that crater for about 15 minutes until it was safe for us to leave.”

https://pbs.twimg.com/media/B0Y_dc9IIAEb7pN.jpg:small
crater found by RT team


It appears Kiev broke the ceasefire in a very big way!!!
Likely that explains the lack of media coverage thus far.

 According to the RT reporter Kiev has been quiet on the attack- Perhaps they have to concoct an official conspiracy?

The Independent



A huge explosion has rocked the rebel-held city of Donetsk in eastern Ukraine, smashing windows over a radius of several kilometres and sending a vast mushroom cloud up into the sky. The blast occurred at a rubber processing factory full of chemicals, with numerous videos taken in the aftermath of the initial explosion showing further, smaller bursts of flame.
The plant lies in a rebel-controlled area on the outskirts of the city Not much in the way of western media coverage...... Like I said, maybe Kiev has to get it's official conspiracy in order. Or wait until the State Department gives 'instructs' them on how to spin this.

 EuroNews

Kuwait Media- Check this headline out?-Ukraine hits Donetsk with ballistic missiles - Russian TV alleges

Russian media doesn't allege anything- They are reporting what has been told to them
"Local militia has said that the plant was targeted by a tactical Tochka-U missile (SS-21 Scarab).RT’s team in Donetsk is trying to verify this information."
 Looked and sounded like one hell of an explosion with a huge crater produced.
A lack of western mainstream media news articles is very noticeable
Are they, the lying corporate warmongering media, waiting for their talking points before reporting on this? It will be interesting to read how this is reported on.


Previous posts- 

Turkey sends a warship to Cyprus... the EU admonishes Turkey

EU Stepping Up Sanctions against the Assad Government

Turkey sends a warship to Cyprus... the EU admonishes Turkey

 Following up on this posting-

Russian navy to conduct rocket fire off Cyprus while Ankara sniffs for oil

 I really doubt that the EU wants Cyprus aided by Russia? Considering the campaign against Russia?
Yet, Turkey keeps pushing the energy issue- As in, Turkey wants the resources in the waters around Cyprus- How is this playing into the bigger picture in that area?

As Turkey encroaches on Cyprus the EU tells Turkey "New chapters won't be opened until the Cyprus issue resolved"

NICOSIA, Cyprus (AP) Cyprus says it's considering additional ways to respond to Turkey's planned gas search in waters where it has already licensed companies to drill.
Cyprus government spokesman Nicos Christodoulides said Monday that further "political, diplomatic and legal" steps are being weighed after a warship-escorted Turkish research vessel sailed into waters off the island's south coast.
The steps will be announced Tuesday after President Nicos Anastasiades completes consultations with party leaders.
Cyprus was split along ethnic lines in 1974 when Turkey invaded after a coup by supporters of union with Greece. Turkey doesn't recognize Cyprus as a state and opposes its offshore energy search.
Matern von Marschall, who is a member of the Committee on the Affairs of the European Union from the Christian Democratic Union/Christian Socialist Union (CDU/CSU), told a small group of Turkish journalists in Berlin that the German government is not going to support the opening of Chapters 23 and 24, which refer to fundamental rights and justice, before the Cyprus issue has been solved.
“We will not disconnect those issues,” he said, adding that this is also the position of the EU, in contrast with Turkey's stance, which evaluates the Cyprus dispute separately.
He made the statement in answer to questions from a few Turkish journalists, shortly after Turkey's fresh EU Minister and Chief Negotiator Volkan Bozk─▒r visited Berlin to tell Germany that Turkey is fully committed to entering the 28-member bloc.
The EU began accession talks with Turkey on 35 negotiating chapters in 2005, but there has been little progress since then, amid opposition to Turkish membership in some EU countries, including Germany, and the unresolved Cyprus dispute.
Asked whether Germany would open Chapters 23 and 24 if Cyprus unblocked them, he said, “This could be possible.”

EU Stepping Up Sanctions against the Assad Government


 LUXEMBOURG—The European Union stepped-up its sanctions against Syrian President Bashar al-Assad ’s regime on Monday as the bloc’s foreign ministers discussed the latest in the international campaign to defeat Islamic State, the Sunni extremist group that is also fighting Syrian authorities.
Details of the new sanctions weren’t immediately available but an EU official said 16 people and two entities will be targeted.

Most of the people are being targeted with an asset freeze and travel ban because the bloc believes they have been involved in repression of civilians, the official said. Two people and two entities are being sanctioned for “practical support to the regime,” the person added.

"Repression of civilians" So says the EU.Of course the EU sees no repression of civilians in the western backed destabilization right? When the NATO rebels kill and extort civilians that's not repressive. Rather, that has to be supported.

Mr. Fabius said France will continue supporting the moderate opposition in Syria.
As you and I and most aware people realize there is no moderate opposition? There are only terrorists, terrorizing Syrian civilians.

The EU has long called for the ouster of Mr. Assad over his repression of civilians since the onset of the country’s civil war. It supports the appointment of a transitional government.
What transitional government? Not one selected by the Syrian people. Nope! One selected by the NATO superstructure.
However there has been growing debate within the bloc over the EU’s stance as international efforts have escalated to contain the threat posed by Islamic State in Iraq and Syria.
While EU countries have focused their military assistance on those fighting Islamic State in Iraq, officials privately acknowledge tensions between effectively combating Islamic State in Syria while also pushing for the regime’s ouster.
However Monday’s decision signals the bloc won’t adjust its stance. French Foreign Minister Luarent Fabius said last month there is no contradiction between opposing both the Assad regime and Islamic State.

Laurent, Laurent.... there is a contradiction. By opposing the elected government of Syria, which is fighting terrorists such as ISIS, you are supporting ISIS.  The more difficulties the EU creates for the government of Syria, the more difficult it becomes for Syria to fight the terrorists NATO has set up in Syria

Friday, October 17, 2014

Russian navy to conduct rocket fire off Cyprus while Ankara sniffs for oil

h/t Marie @ The Significance of R  And let me say Marie, this is a gem of news story!
 The back story to this recent news, and it's a big one, has been previously covered here at the blog

 Tensions are expected to soar when Russia carries out military exercises in the region as Turkey threatens to encroach in Cyprus waters to hunt for energy.
Ankara said survey vessel Barbaros will start explorations within Cyprus’ Exclusive Economic Zone from Monday.
And at the same time Russia’s navy will be conducting a four-day rocket-firing exercise off the island’s northern coast. Nicosia has given the green light to Russian manoeuvres, Cyprus’ navy chief Constantinos Fytiris confirmed yesterday.
He tried to play down any link with the island’s energy row with Turkey.“The presence of the Russian navy is not connected at all with Cyprus’ Exclusive Economic Zone. The EEZ is not linked with rocket firing...The EEZ is linked with economic activity beneath the sea.”  “The two issues – Russian navy and Barbaros – are not connected; let this be clarified so that panic is avoided.”
Nevertheless, any Turkish encroachment in Cyprus’ EEZ – as it has threatened to do - will only destabilise an already fragile situation.
And it can be no coincidence that Nicosia is allowing Russia to fire rockets while Turkey is trying to bully oil companies to desert Cyprus.

Turkey is, of course, attempting to destabilize a very fragile situation in Cyprus. As it has done before......No way is it a coincidence that Cyprus is allowing Russia to fire rockets at this time!

1974 Turkish Troops invade Northern Cyprus

Thousands of Turkish troops have invaded northern Cyprus after last-minute talks in the Greek capital, Athens, failed to reach a solution.
Tension has been running high in the Mediterranean island since a military coup five days ago in which President Archbishop Makarios, a Greek Cypriot, was deposed.
The coup led to fears among the Turkish Cypriot community that the Greek-backed military rulers would ignore their rights and press for unification for Cyprus with Greece or enosis.
Archbishop Makarios became the republic's first elected president in 1959 only after agreeing to give up plans for a union with Greece.
A Turkish armada of 33 ships, including troop transporters and at least 30 tanks and small landing craft, has landed on the northern coast.
Airlifted to safety
The bulk of the Greek fleet put to sea last night from the island of Salamis.
There are reports of clashes between Greek and Turkish warships near Paphos, a port in south-western Cyprus.
Greek Cypriot forces on the island have been defending the northern coast, around Kyrenia.
The capital, Nicosia, has seen most of the fighting. Turkish paratroops and tanks have been battling for control of the airport - but they have met fierce resistance from the Greek forces.
Shops and offices in the Greek sector of the capital have been deserted since midday yesterday as rumour of the impending invasion spread.
In some parts of the city there were traffic jams as residents tried to flee to the safety of the countryside.
More than 4,500 Britons and other foreign nationals have been moved to the safety of army bases and others have been airlifted to safety in specially-chartered planes.
So far there has been no indication of the casualty figure, but it is thought the Greeks have suffered most from air strikes.
Although Greek military reports from Nicosia claim significant progress has been made against the Turkish forces. Several Turkish planes are reported to have been shot down and "enemy forces" kept out of Turkish Cypriot villages in the north of the island
The Turks have made it clear they will not settle for anything less than the removal of the newly-imposed Greek Cypriot leader Nikos Sampson.
Two previous posts for today-

ISIS and the Jets? US central command has NO knowledge.

Glenn Close raised in a cult?! The Moral re-armament cult?In her own words...

 

ISIS and the Jets? US central command has NO knowledge.

This story is a steaming pile of stinkin' excrement!
The story originates with a "monitor"  Islamic State flying three jets in Syria: monitor
That means one individual initiated the claim. 
With hope of getting the ball rolling. Ya know,  that 'no fly zone' ball that has been being tossed around for some time now?
Reuters was not immediately able to verify the report and U.S. Central Command said it was not aware of Islamic State flying jets in Syria.

U.S. MILITARY KEEPING "CLOSE EYE"

"We're not aware of ISIL conducting any flight operations in Syria or elsewhere," U.S. Central Command spokesman Colonel Patrick Ryder said, using a former name for Islamic State.
General Lloyd Austin, head of the U.S. military’s Central Command, said he could not confirm that Iraqi pilots had joined Islamic State.
"We don’t have any operational reporting of ISIL flying jets in support of ISIL activity on the ground and so I cannot confirm that.

One colonel and one general deny the monitor's claim.
 The claim originated with  Rami Abdulrahman, who runs the Britain-based Syrian Observatory for Human Rights.- 

Rami Abdulrahman-  a one man show, allegedly in a two room apartment, somewhere in Britain.
Personally, I have always felt he is linked to British intelligence, but, also part of the larger NATO intel ops. He is likely also a card carrying Muslim Brotherhood member

Rami may not even be his real name -"The website Syriahr.org claimed that Rami Abdulrahman was in fact called Osama Ali Suleiman and he merely used the name Rami Abdulrahman"  Yet this questionable man, with a questionable background is always covered in every western media outlet. Covered, promoted, quoted as if he is credible. He isn't

 Letter of complaint sent by Syrians to the BBC team

Just another Brown Moses. Spook. Tool. Is he still around?

Glenn Close raised in a cult?! The Moral re-armament cult?In her own words...

Glenn Close- Raised in a Cult. Celebrity news is not my norm, however, this caught my eye!
Perhaps this cult upbringing explains why she has a male name?
Glenn's father, a doctor? A CIA doctor? Entirely possible. In fact I would say, definitely!
She claims she was able to "break free" from cult indoctrination at 22, but, doesn't say how she managed what must have been a difficult process. She just "calmly walked away" Doubtful.
The scoop-

She spent a major part of her childhood with the Moral Re-Armament, a religious group her father joined when she was 7 years old. She also said she wasn't able to fully cut ties with the cult until she was age 22.

The Oscar nominee revealed she spent several years in a religious cult called the Moral Re-Armament during a recent interview.
Close, 67, said that she was 7 years old when her father, Dr. William Taliaferro Close, joined the group, which was led by Rev. Frank Buchman, described as a “a violently anti-intellectual and possibly homophobic evangelical fundamentalist from Pennsylvania.”
"When her father traveled to the Congo to work as a surgeon, which included a stint as the personal doctor to Congolese dictator Mobutu Sese Seko, she and her siblings were taken to the MRA’s palatial headquarters in Switzerland, where they stayed for several years. Her father’s work meant that they were separated from him for long periods of time."

See that red flag? It's there for a reason. A very important reason. Digression, brief but important and highly relevant- Mobutu Sese Seko was a CIA installed dictator after the assassination of Lumumba. Patrice Lumumba.

The Congo/Zaire
Being a vicious Anti-communist authoritarian, President Mobutu Sese Seko in Zaire received CIA dollars of appreciation during several decades of the Cold War. He rose to power in the early 1960s with the help of a lot of foreign-supplied guns and cash, much of which was provided to him by you know who

 In the midst of all this is a young Glenn Close. Her father William, CIA cult adherent, participant and personal physicians to a CIA installed dictator put in place after a particularly brutal CIA overthrow.

Regarding the "moral re-armament cult" ?

Just the quickest search connects the moral re-armament cult to the CIA. Scientology. Miles Copeland.

Former CIA officer Miles Copeland claims that his CIA colleague Bob Mandelstam made "arrangements" with Scientology and Moral Re-Armament about this time.[24] (Moral Re-Armament is another cult-like organization; Copeland's information on MRA is confirmed by the late Jim Wilcott, an accountant with the CIA in Japan in the early 1960s, who wrote that MRA "was covertly supported and used by the CIA."[25])
Now, back to Glenn-
The “Fatal Attraction” star provided details on her family’s life as part of the cult and how it continued to affect after she departed the group when she was a young woman.
“You basically weren't allowed to do anything or you were made to feel guilty about any unnatural desire," she said.
"If you talk to anybody who was in a group that basically dictates how you're supposed to live and what you're supposed to say and how you're supposed to feel, from the time you're 7 till the time you're 22, it has a profound impact on you.
 Glenn is very clearly talking about some heavy duty personality management and external control via cult indoctrination, influence and drugs, perhaps?  What roll did her Father play in this?  Did he administer drugs to her? He must have drugged Seko assisting the CIA in the coup and government management afterwards. Very, very curious stuff.
Glenn Close (l.) and father William Close attend a film premiere in 1989. The actress has revealed that she grew up in a cult after her father joined the group when she was age 7.
Glenn Close  and father William Close attend a film premiere in 1989. The actress has revealed that she grew up in a cult after her father joined the group when she was age 7.
"I wouldn't trust any of my instincts because (my beliefs) had all been dictated to me," she added. Close moved back to the United States at age 15 to study at a Connecticut boarding school, but wasn’t able to completely cut ties with the MRA until a few years later. She said that she would have dreams about the experience while enrolled at the College of William and Mary at age 22.
“I would have dreams because I didn't go to any psychiatrist or anything," the actress said. "I had these dreams and they started with betrayal ... and then they developed into me being able to look at these people and say, 'You're wrong. You're wrong.'
“And then the final incarnation of those dreams was my being able to calmly get up and walk away. And then I didn't have them anymore."
One thing Close did not reveal was her reasons for how she was able to break free from the group.
"I'm not going to go into all of that," she says. "You can't in an interview."
But she did discuss how she came to find closure with her father, who left the cult in 1977 and passed away in 2009.
"I wrote him everything, everything I felt about our relationship, and it was extremely honest," she said about a letter she wrote him when she was in her 40s.
"I always thought, the way life works, the burden of forgiveness is on the child," she added. "That's the way it goes. Forgiveness is probably the most revolutionary concept there is right now in our world.
“Because without forgiveness, you just perpetuate what has been before. You (have to) say, 'It's going to stop with me.'"
 You just perpetuate what has been done before- You have to say it's going to stop with me
Of course, Glenn Close gives no clue as to what has been perpetuated.

Wednesday, October 15, 2014

Oil Wars? US/Saudi Arabia vs Russia/Iran

Before we discuss the ‘global oil war’, we need to get some basics down- Bear with me on this, ok? I’ve been thinking about this for most of the day...



Think about this: four oil producers - Libya, Iraq, Nigeria and Syria - are in turmoil today, and Iran is hobbled by sanctions.
Oil Wars
 The US dollar is on the rise. What affect does the increasing US dollar have on oil prices?  How does the increasing US dollar value make it easier for the US, aided by Saudi Arabia, to wage a global oil price war?
The Rise of the US Dollar
“Anti-dollar central bank policies have caused America's currency to be hammered for the past six years, but suddenly everything is coming up roses for the USD.

Where not long ago the dollar couldn’t get a break anywhere in the world, now the world is at its feet, lifting it higher and higher as investors flock to pay homage to it.

Currently measuring 85.5, the U.S. Dollar Index (DXY) comparing the value of the USD versus a basket of over a dozen foreign currencies is the strongest it has been since June of 2010, having soared 7% over the past three months alone”
 Bank of Canada daily converter rates- For the curious

 US dollar value increasing presently- Yes! So, how does the US dollar value tie in to the oil market?
Oil Price.com- US Oil Prices, Let the Good Times Roll
A bit of history-
The dollar began to devalue against the euro and other major global currencies in 2003, primarily as a result of the Iraq War costs. By year-end 2002, the dollar had weakened by nearly 20 percent and the price of crude had jumped more than 30 percent. Things got no better for the beleaguered dollar from then on. By December 2004, it was trading at $1.35 to the euro and crude oil had risen to over $43 per barrel.
As the US dollar devalued the price of crude jumped.  
We are in the opposite situation today. US dollar value increasing and oil decreasing.
The major factors that drive oil prices are (1) the global economy, primarily the U.S., the European Union and China; (2) energy scarcity, including reserve accretion and depletion; and (3) purchasing power, expressed in the respective currencies of those countries, with the heaviest influence from the U.S. dollar.
 Because a large majority of global oil is traded in U.S. dollars, the volatility of that currency has tremendous influence on the real price of oil.
Questions? 
An increase in the USD value would reduce the purchasing powers of countries not heavily influenced by the US dollar?- Yes.In the case of Canada this would affect the Canadian consumer- but not oil production in Canada, where like Saudi Arabia, all oil is denominated in US dollars

Saudi Arabia has sold all it’s oil in US dollars since it agreed to do so, way back, in 1973
“In 1973, a deal was struck between Saudi Arabia and the United States in which every barrel of oil purchased from the Saudis would be denominated in U.S. dollars. Under this new arrangement, any country that sought to purchase oil from Saudi Arabia would be required to first exchange their own national currency for U.S. dollars
 It would seem to me that- Saudi Arabia can take a hit on the barrel price because the US dollar is rising. And, they sell all their oil in US dollars!

It would also  seem sensible any claims being made such "Saudi Arabia dumping oil to increase leverage against the US" are incorrect.  If that was Saudi Arabia's real agenda, (forcing the hand of the US) they would NOT continue to sell their oil in US dollars. Of course, that move would guarantee harm to KSA in more ways then one.


Where does all this oil manipulation/ US dollar increase leave other countries?
Russia? China? Iran? The EU? Seems to me, if I am grasping this whole scenario correctly that the US is waging economic warfare, in a repeat episode, with the assistance of Saudi Arabia against some of these aforementioned countries. Venezuela also gets a mention in one of oped's below
Thoughts? Will the US be successful? How will this play out in the global economy?
I just don't know?

Below are two OPEDs from two very different people:

Both of them are sharing their thoughts- I'm muddlin' through the whole mess! Big sigh.......
Feel free to express your thoughts on this oil war.

  Global oil war underway between US-Saudi Arabia and Russia-Iran?-Thomas L Friedman
Is it just my imagination or is there a global oil war underway pitting the United States and Saudi Arabia on one side against Russia and Iran on the other? One can't say for sure whether the American-Saudi oil alliance is deliberate or a coincidence of interests, but, if it is explicit, then clearly we're trying to do to President Vladimir Putin of Russia and Iran's supreme leader, Ayatollah Ali Khamenei, exactly what the Americans and Saudis did to the last leaders of the Soviet Union: Pump t .. bankrupt them by bringing down the price of oil to levels below what both Moscow and Tehran need to finance their budgets.
Is it just my imagination or is there a global oil war underway pitting the United States and Saudi Arabia on one side against Russia and Iran on the other? One can't say for sure whether the American-Saudi oil alliance is deliberate or a coincidence of interests, but, if it is explicit, then clearly we're trying to do to President Vladimir Putin of Russia and Iran's supreme leader, Ayatollah Ali Khamenei, exactly what the Americans and Saudis did to the last leaders of the Soviet Union: Pump t ..

By Thomas L. Friedman
By Thomas L. Friedman
By Thomas L. FriedmanIs it just my imagination or is there a global oil war underway pitting the United States and Saudi Arabia on one side against Russia and Iran on the other? One can't say for sure whether the American-Saudi oil alliance is deliberate or a coincidence of interests, but, if it is explicit, then clearly we're trying to do to President Vladimir Putin of Russia and Iran's supreme leader, Ayatollah Ali Khamenei, exactly what the Americans and Saudis did to the last leaders of the Soviet Union: Pump them to death- bankrupt them by bringing down the price of oil to levels below what both Moscow and Tehran need to finance their budgets.
"The timeline of the collapse of the Soviet Union can be traced to Sept. 13, 1985. On this date, Sheikh Ahmed Zaki Yamani, the minister of oil of Saudi Arabia, declared that the monarchy had decided to alter its oil policy radically. The Saudis stopped protecting oil prices. ... During the next six months, oil production in Saudi Arabia increased fourfold, while oil prices collapsed. ... The Soviet Union lost approximately $20 billion per year, money without which the country simply could not su ..

 "The timeline of the collapse of the Soviet Union can be traced to Sept. 13, 1985. On this date, Sheikh Ahmed Zaki Yamani, the minister of oil of Saudi Arabia, declared that the monarchy had decided to alter its oil policy radically. The Saudis stopped protecting oil prices. ... During the next six months, oil production in Saudi Arabia increased fourfold, while oil prices collapsed. ... The Soviet Union lost approximately $20 billion per year, money without which the country simply could not survive" ..
The price decline is no accident. In an Oct. 3 article in The Times, Stanley Reed noted that the sharp drop in oil prices "was seen as a response to Saudi Arabia's signaling ... to the markets that it was more interested in maintaining market share than in defending prices. Saudi Aramco, the national oil company, stunned markets by announcing that it was cutting prices by about $1 a barrel to Asia, the crucial growth market for the Persian Gulf producers, as well as by 40 cents a barrel to the United States." The Times also noted that with America now producing so much more oil and gas, "net oil imports to the United States have fallen since 2007 by 8.7 million barrels a day, 'roughly equivalent to total Saudi and Nigerian exports,' according to a recent Citigroup report."
Saudi Arabia doesn't have to 'defend prices' with an increasing US dollar. And maintaining market share is a win/win for both nations.
Bottom line: The trend line for petro-dictators is not so good. America today has a growing advantage in what the former Assistant Energy Secretary Andy Karsner calls "the three big C's: code, crude and capital." If only we could do tax reform, and replace payroll and corporate taxes with a carbon tax.
I had to laugh very loudly at the Friedman nonsense about petro dictators referencing Russia and Iran- but not Saudi Arabia, of course. Or the US for that matter.

From Friedman to Pepe Escobar: The Saudi oil war against Russia, Iran and the US
Rosneft Vice President Mikhail Leontyev; “Prices can be manipulative…Saudi Arabia has begun making big discounts on oil. This is political manipulation, and Saudi Arabia is being manipulated, which could end badly.”

A correction is in order; the Saudis are not being manipulated. What the House of Saud is launching is “Tomahawks of spin,” insisting they’re OK with oil at $90 a barrel; also at $80 for the next two years; and even at $50 to $60 for Asian and North American clients. 
The fact is Brent crude had already fallen to below $90 a barrel because China – and Asia as a whole – was already slowing down economically, although to a lesser degree compared to the West. Production, though, remained high – especially by Saudi Arabia and Kuwait - even with very little Libyan and Syrian oil on the market and with Iran forced to cut exports by a million barrels a day because of the US economic war, a.k.a. sanctions.
 Reuters / Hamad I Mohammed
image from RT
The House of Saud is applying a highly predatory pricing strategy, which boils down to reducing market share of its competitors, in the middle- to long-term. At least in theory, this could make life miserable for a lot of players – from the US (energy development, fracking and deepwater drilling become unprofitable) to producers of heavy, sour crude such as Iran and Venezuela. Yet the key target, make no mistake, is Russia.
Reread the quote from the Friedman article
 A strategy that simultaneously hurts Iran, Iraq, Venezuela, Ecuador and Russia cannot escape the temptation of being regarded as an “Empire of Chaos” power play, as in Washington cutting a deal with Riyadh. A deal would imply bombing ISIS/ISIL/Daesh leader Caliph Ibrahim is just a prelude to bombing Bashar al-Assad’s forces; in exchange, the Saudis squeeze oil prices to hurt the enemies of the “Empire of Chaos.”

Yet it’s way more complicated than that.
Pepe continues- “Geopolitically, it gets juicier when we see that central to the House of Saud strategy is to stick it to Washington for not fulfilling its “Assad must go” promise, as well as the neo-con obsession in bombing Iran. It gets worse (for the Saudis) because Washington – at least for now – seems more concentrated in toppling Caliph Ibrahim than Bashar al-Assad, and might be on the verge of signing a nuclear deal with Tehran as part of the P5+1 on November 24.”
Washington’s agenda is “Assad must go” and any deal Washington signs with Iran will immediately be reneged on.

Pepe’s conclusion:
“The House of Saud believes it can dump a tsunami of oil in the market and back it up with a tsunami of spin – creating the illusion the Saudis control oil prices. They don’t. As much as this strategy will fail, Beijing is showing the way out; trading in other currencies stabilizes prices. The only losers, in the end, will be those who stick to trade in US dollars”
This time around Russia has China to trade with. Will this make a difference in outcome?
Who the hell knows!?