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Tag: Middle East

Vision 2030: Saudi Arabia Takes Desperate Measures To Break Its ‘Oil Addiction’

Posted in Journalism, and MintPress News

As oil prices grow more unstable, Saudi Arabia is facing a future of upheaval and economic collapse.

In October, the International Monetary Fund published a report in October, forecasting the collapse of the Saudi economy by 2020. Last week, Prince Mohammed Bin Salman unveiled the “Vision 2030” plan, a desperate attempt to break what he called the country’s “oil addiction,” according to Reuters.

“The Saudi government is reeling from the plunge in crude oil prices, which left it with a nearly $100 billion shortfall last year. Petroleum accounts for roughly 80 percent of the kingdom’s annual budget,” Maria Gallucci noted in an April 25 analysis of the plan for International Business Times.

The plan calls for the country to sell a stake in Aramco, its publicly-owned oil company, in an international public offering some are predicting could top $2 trillion.

It also outlines other significant changes to the economy, including reforms to employment and immigration law and redirecting the nation’s resources toward new sources of income such as the tourism and the defense industries.

Wikileaks: Hillary Clinton Helped Topple Gadhafi While France & UK Fought Over Libya’s Oil

Posted in Archive, Journalism, and MintPress News

A message from Hillary Clinton’s private email server reveals that France and the United Kingdom both sought to control Libya’s oil in the days after the U.S.-backed coup in 2011.

An email sent on Sept. 16, 2011 to Clinton, then the U.S. Secretary of State, from journalist and family friend Sidney Blumenthal, shows that French President Nicolas Sarkozy and British Prime Minister David Cameron each traveled to Tripoli about one month after Moammar Gadhafi’s government fell in order to assert their claim on Libya’s energy reserves.

They made these demands, Blumenthal wrote, during meetings with the country’s National Transitional Council, a de facto government which formed with Western support in the aftermath of the coup:

BBC Report Explains How US & UK Weapons Flow To Al-Qaida & Other Extremists In Syria

Posted in Journalism, and MintPress News

Western weapons and equipment flow freely between the so-called “moderate” rebels in Syria and their close allies from extremist groups like al-Qaida, according to an investigation from a BBC reporter.

In a Dec. 17 episode of the BBC Radio series “The Report,” investigative journalist Peter Oborne documented disturbing evidence that the United Kingdom and United States continue to support the the Syrian opposition, particularly the Free Syrian Army, despite ample evidence that they work closely with extremist groups NATO has traditionally thought of as enemies.

Oborne reported that at least two Westerners who were accused of aiding extremist groups in the region, found their charges rapidly dropped when they argued that by seeking to destabilize Syria and depose its president, Bashar Assad, they’d fought on the same side as the U.K.

He also explained how the U.S. has aided al-Qaida’s efforts to “rebrand” its Syrian branch, the Nusra Front, as a moderate group able to be safely financed and “managed” by the U.S.

As Oborne noted, government officials as high-ranking as the vice president have admitted that ”[t]he United States and al-Qaida are on the same side, at least when it comes to fighting Assad.”

Deaths From Terrorism Increased 4,500% Since Beginning Of War On Terror

Posted in Journalism, and MintPress News

An analysis of terror attacks since 2002 suggests U.S. efforts to combat terrorism — i.e., the “war on terror” — have led to a dramatic increase in death and suffering from terrorism.

Published this year on Sept. 11, Paul Gottinger, a staff reporter for Reader Supported News, analyzed incidents of terrorism from George Bush declaring the war on terror in the aftermath of 9/11 through the present, and found a staggering 6,500 percent increase in terrorism. Gottinger, who used data provided by the State Department in his analysis, found that casualties have increased by 4,500 percent.

Countries occupied by or being bombed the U.S. military seem to fare worst of all:

How ISIS Oil Flows Through Turkey And Israel On Its Way To Europe

Posted in Journalism, and MintPress News

It’s widely recognized that Daesh (the Arabic acronym for the terrorist group often called IS, ISIS or ISIL in the West) depends on oil sales to fuel its armies. Until recently, it’s been less clear who is buying Daesh’s oil, and how it ends up in their hands.

However, recent reports suggest that the oil flows to Europe and Asia through a complex process that implicates allies of the United States like Turkey and Israel. The U.S. is also facing increasing criticism for its failure to target the terrorist group’s oil infrastructure in a serious way until recently.

Cam Simpson and Matthew Philips, writing in November for Bloomberg Businessweek, called recent U.S. attacks on oil trucks an attempt by the Obama administration to “quietly” fix a “colossal miscalculation.” Government experts now argue that the U.S. dramatically underestimated Daesh’s oil profits:

Netanyahu Defends New Illegal Settlements In Jerusalem & Golan Heights As Tensions Build

Posted in Journalism, and MintPress News

While also calling for the construction of over 2,000 new Jewish-only homes on occupied Palestinian land, Israel’s prime minister recently denied that tensions between Israel and Palestine are mounting as a result of the growth of illegal settlements.

Israel approved about 2,200 new homes in Jewish settlements in the occupied West Bank at an Oct. 21 planning meeting, according to documents first obtained by Haaretz, with a goal of completing construction by 2030. The meeting occurred during Prime Minister Benjamin Netanyahu’s recent trip to Washington, where he met with President Barack Obama, and International Business Times noted: “Commentators have highlighted the Israeli government made a similar move in 2010 when it announced the construction of 1,600 new settlement units just as US Vice President Joe Biden was arriving in Jerusalem.”

The approval also comes as Israel renews its controversial practice of demolishing Palestinian homes. The practice, like the settlements themselves, are widely condemned by governments and human rights organizations as a form of illegal collective punishment against an oppressed population.