We’ve had enough war in the Middle East with a USA stamp on it. But this interesting.
As I’ve written before I listen to NPR all the time. I often enjoy it. But I understand that much of the time it is pushing the propaganda envelope.
There is more than a “liberal” bias at NPR. (Which is just in your face.) There seems, at times, to be a clear policy agenda. And at times the words feel coordinated with the White House. As if the agenda of NPR and the president are simply one and the same.
So was this the reason for the “expedited” meetings between Obama and Yellen this week? Good chance. But we don’t know.
And if the Saudis were to sell $750 billion in US Treasuries who would they sell them to? That’s a lot of paper to move and the world isn’t that big.
Add that the Saudis would isolate themselves diplomatically and one has got to think that the Saudis, usually pretty rational actors, wouldn’t actually pull the trigger.
The cheapest gas I ever saw was at a station in Fredericksburg Virginia some time in the late 1990s. I was in college. 49 cents a gallon.
Enjoy it now that’s all I can say.
Hope everyone enjoyed the Holidays. Now things get real again.
Image: Mint Press News
War is fundamentally crony. There is death and destruction and despair for most, but for some people, companies, and governments there is money to be made too. Sometimes very big money indeed. The conflict in Syria is an example. It’s not really about religion and terrorism. (Though these are hugely important factors.)
Seriously, this is a journalist? This is someone who has moderated presidential debates, presumably will moderate more, and who hosts the PBS Newshour? This is not OK.
Look, Bibi Netanyahu isn’t my favorite guy in the world. I have serious issues with Israel and particularly with how Israel influences our foreign policy and with the never ending flow of American tax dollars which finds its way into the pockets of the powerful in Tev Aviv and Jerusalem. But this sort of thing from yet another news anchor just reflects how completely full of themselves the #oldmedia are.
Remember that downdraft in gasoline prices right before Christmas? That was a nice stocking stuffer for many Americans. I know I liked it and I don’t even have to commute. Indeed that was the first economic break the middle class had gotten in quite a while. And we can thank the Saudis for opening the oil spigots which ultimately drove the price of gasoline down.
We are now seeing another push down in oil prices, but to date we have not seen a commensurate decline in gasoline prices.
The Israeli lobby is generally not happy. They don’t like the Iran deal. The Saudi lobby (smaller but still powerful) is probably nearly as unhappy. Now the game begins on the Hill.
Many believe that the precipitous decline in the price of oil that the world just saw was Saudi Arabia’s reaction to Obama cozying up with Riyadh’s sworn (literally) enemy, Iran. Saudi Arabia essentially dropped an “oil bomb.” The blast from which the world appears to have absorbed for the most part.
Now the spigots are still on but the flow of oil isn’t increasing. As such the price of crude has more or less stabilized at between $45-$55/barrel.
Weird happenings in another very crony country, Argentina.
Cheap gas feels good. It made for a more pleasant Christmas. But it should be remembered that many of the very best, highest paying jobs created since the onset of the great economic slowdown (in 2013 oilfield workers in North Dakota made on average over $112,000/year – many without a college degree) in the USA have been in the energy sector, and primarily in hydraulic fracking. Say what you want about the practice but it has been a (the?) key source of economic growth (such as it has been) for the United States over the last 4 years.
Guess who doesn’t like the Iranians almost as much as Israel? Saudi Arabia. And the Saudis are very unhappy about the spread of Shiite influence through the upper Middle East, and apparently in official corners of Washington. The princes fear a rising Iran, and that, according to Black is why the Saudis are moving now.