EMerging Equity
Iraq
Libya: The Islamic State’s Looming Military Aggression Against The EU
By Alexander Orlov “You get what you pay for” – an old proverb goes. These days the West is beginning to reap the fruits of its own policies of creating “color” revolutions including on the very edge of its borders. On February 15 ISIL has opened a “second front” in the Arab World – heading this … Continue reading
When It Comes To ISIS, Obama Is Utterly Clueless – OpEd
The most savage group of Islamic terrorists that any of us have ever seen has taken over large portions of Iraq, Syria and Libya. As they go along, they are gleefully beheading, crucifying and torching innocent civilians. They believe that they are living in the end times, and that they are part of a great … Continue reading
Shinzo Abe’s Middle East Ambition
By Kai Schulze After his victory in the December 2014 elections, Japan’s Prime Minister Shinzo Abe has pledged to turn Japan into ‘one of the greatest powers in the world’ by implementing the new foreign policy approach of ‘proactive pacifism’. Abe is seeking to foster Japanese international engagement, which will increasingly reach beyond the regional … Continue reading
Oil Plunge To $20 Could Be On The Horizon, Citigroup Warns
A recent surge in the price of oil is simply a “head-fake,” and oil as cheap as $20 a barrel could be around the corner in 2015, according to report from Citigroup that was released on Monday. In Citigroup’s report, Edward Morse – the firm’s global head of commodity research – said that Brazil and Russia are … Continue reading
The Sanctions Of Mass Destruction – Fueled By Petrodollars – OpEd
By Garikai Chengu Under the late King Abdullah, Saudi Arabia played a role most treacherous in world affairs: its oil fueled U.S. militarism and its money funded Islamic extremists. Saudi Arabia is perhaps the greatest inherent contradiction of U.S. foreign policy. Prior to the 20th century, the value of money was tied to gold. When … Continue reading
How Long Can Gulf Nations Endure Low Oil Prices?
By Jennifer Hunt University of Sydney In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in the country with a Saudi passport). It adds billions of dollars’ worth of spending to a budget already hit hard … Continue reading
The Slow Death Of The Petrodollar
By Daily Kos Blog It’s hard to figure out the state of the dollar these days. On one hand it is strengthening so quickly that it threatens to hurt exports, and there is even talk of a bubble. The market is so hungry for the safety and liquidity of Treasuries that interest rates are being crushed to … Continue reading
Who Gains And Who Loses From Plunging Oil Prices In The Middle East And North Africa Region?
By The World Bank Judging by the futures market, where the price of oil for delivery in August 2015 is US$56 per barrel, there is little optimism about a recovery in oil prices. With cheap oil looking like it is here to stay, the latest Quarterly Economic Bulletin offers a breakdown by country of the … Continue reading
Iraq Hopeful Oil Has Hit ‘Bottom’
Oil prices should not fall below the current average of $47 a barrel, Iraq’s oil minster Adel Abdul Mahdi has stated. “Our estimate is that the prices (of oil) have reached the bottom. It is very difficult to drop lower than this,” oil minister Abdul Mahdi said at an industry conference in Kuwait Wednesday. Oil … Continue reading
Record Iraqi Oil Output Adds More Downward Pressure On Prices
Iraq’s daily oil production reached a record 4 million barrels in December 2014 and the country is planning to increase its share of the global oil market, said Iraqi Oil Minister Adel Abdul Mahdi. The decision is likely to push oil prices even lower. “This figure was reached for the first time in history,” he … Continue reading
