The Persian Gulf states need to pump $523 billion over the next 25 years in exploration and production to meet a steady growth in global demand, according to the Abu Dhabi-based Emirates Centre for Strategic Studies and Research in a new book.
Middle East
Saudi’s Increase Spare Capacity to Offset Iranian Influence
Saudi Arabia’s growing fear of Iranian influence in the Middle East may driving the world’s largest crude oil exporter to prepare a more aggressive long-term political oil strategy that would counter the Iranian ascendancy. According to Dow Jones, “under a new, accelerated production program, the kingdom could increase its spare oil drilling capacity to at … Read More
The “Demonization” of Muslims and the Battle for Oil
Interesting article by Michel Chossudovsky, published in Global Research, and by Scoop. Throughout history, he writes, “wars of religion have served to obscure the economic and strategic interests behind the conquest and invasion of foreign lands. These wars were fought with a view to securing control over trading routes and natural resources.