Surging US Oil from Efficient Fracking Is Forcing More OPEC Cuts

Iraq, Kuwait, the United Arab Emirates, Russia and Saudi Arabia will extend an OPEC agreement for oil production cuts for another six months. OPEC recently agreed to a six month 1.2 million barrel per day oil production cut. OPEC is trying to clear the oil markets of extra oil inventories and over-production. There is weakening …

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United States is now the largest global crude oil producer

The United States passed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s (Energy Information Administration). EIA expects that U.S. crude oil production will continue to exceed Russian and Saudi Arabian crude oil production for the remaining months of 2018 and through 2019. …

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Saudi and US support of Israel would make multiple strikes on Iran Nuclear facilities feasible

The Iranian nuclear program is spread across dozens of sites over an area that is bigger than France, Germany and Spain combined and located 1,000 miles away from Israel. Israel could and did use military strikes to take single facilities in Syria and Iraq to delay their nuclear programs. An effective Israeli attack would require …

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Saudi Prince promoting alliance with Egypt, Jordan, UAE, Bahrain and Oman and cooperation with Israel

The Saudi Prince Mohammed bin Salman has made many statements in a recent interview that indicate a solid alliance with Israel and Egypt versus Iran. The Saudi prince said * the Palestinians and the Israelis have the right to have their own land. * Iran’s supreme leader, Ayatollah Khamenei, is worse than Hitler. Hitler tried …

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Saudi Arabia leader states they would get a nuclear bomb if Iran completes one

Various reports from BBC News in 2013 and 2015, indicated that Saudi Arabia had invested in Pakistaninuclear weapons projects and believes it could obtain nuclear bombs at will. Intelligence reports indicated taht nuclear weapons made in Pakistan on behalf of Saudi Arabia were being held on their behalf and sitting ready for delivery. A CBS …

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Softbank Vision is to invest a trillion dollars in at least a thousand Unicorns over the next ten years

Softbanks’s CEO Masayoshi Son is creating a mechanism to increase their funding ability from 10 trillion yen to 20 trillion yen to 100 trillion yen. The funds will probably have invested in at least 1,000 [unicorn] companies within 10 years. According to Nikkei, all the Vision Funds are expected to chiefly target unicorns — aka …

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Russian and OPEC long term planning builds in inevitability of future China economic dominance

Even though their are many China bears who predict that China will have many problems with economic growth, China is currently able to wrap up many economic deals with Russia, OPEC and the world with the aura inevitability. China’s economy will become the largest in the world in coming years, while trade between Russia and …

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