Posts Tagged ‘oil’

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The Tangled Web Of U.S.-Saudi Ties (2004)

The relationship peaked under the presidency of George H.W. Bush. This is both due to personal and financial ties, but moreover because the Saudi royal family supported (was even grateful) for the first Iraqi war, when the United States ousted Iraqi troops from Kuwait.

Both then-president Bush and the current president have had personal and deep financial ties with the Saudi royal family. Author and journalist Craig Unger documents $1.4 billion that has “made its way” from the Saudi royal family to “entities tied” to the Bush family, according to Unger’s controversial book “House of Bush, House of Saud.”

 

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Here’s what the Iraq War Crime was really all about…

 US and UK oil corporations start to flaunt the spoils of imperial conquest

 Rumaila is simply huge; by some measures it is the third largest reserve of crude oil on the planet, and is currently extracting 100 million dollars worth of oil every day

To recap:

There were no “Weapons of Mass Destrucion.”
There were no “Saddam ties to Al Qaeda.”

Those were lies.

There was plenty of valuable oil.

That’s the truth.

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Could this spark WW3? America regularly attacks countries that challenge dollar hegemony. It may be the prime cause of most modern wars…

China plans to break petrodollar stranglehold

It was expected to be rolled out by the end of this year, but that looks unlikely to happen. But when it does get off the ground in 2018, the fundamentals will be clear — this triple oil-yuan-gold route will bypass the mighty green back.

 

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David Pear

Venezuela is a step closer to civil war after July 20th‘s “fake referendum ” held by the government opposition. Corporate Fake News (i.e. mainstream corporate media) hailed the fake referendum as a vote of “no confidence” for President Nicolas Maduro.

The vote count of the fake referendum has not been released and likely never will be. Only the number of the turnout was reported as being over 7 million, but who needs to count votes when the referendum was only a symbolic protest?

Symbolic or not, the U.S. Empire’s propaganda mill is already churning out that President Nicolas Maduro is no longer the legitimate president of Venezuela. As in Syria, when the Empire labels a president illegitimate it uses it as a fig leaf for illegal aggression against a sovereign country.

The fake referendum now opens the door for more U.S. meddling, both covert and overt. The Empire has had its foot firmly inside the door for 17 years. Reports going back to 2007 document hundreds of millions of dollars funded by the U.S. State Department to instigate an insurgency in Venezuela. A few hundred million dollars to overthrow President Nicolas Maduro is peanuts for the U.S., compared to the $5 billion that was “invested” in Ukraine’s color revolution.

The U.S. started gunning for Hugo Chavez and his Bolivarian Revolution from the moment that he was democratically elected in 1998, according to award winning journalist Eva Golinger (Mike Whitney interview, Counter Punch). Chavez’s election and his Bolivarian Revolutionary challenged the ideology of neoliberalism, pushed by the Empire to exploit developing countries and their resources.

Zealots of neoliberalism, led by the high priests of the World Bank and the International Monetary Fund, preach that privatization of state owned enterprises, devaluation of the currency, cutting social services for the poor, exploitation of natural resources by international corporations, consolidation of agricultural land into large private holdings, importing cheap subsidized U.S. agriculture, forcing small farmers into city sweatshops, and opening markets to foreign imports will create economic prosperity. It does not. It is Voodoo Economics and the World Bank and the International Monetary Fund know it. What neoliberalism does is guarantee that international bankers will be repaid their crippling loans.

The Bolivarian Revolution rejected neoliberalism and enacted a new socialist constitution in 1999, which lead the way for President Hugo Chavez to nationalize Venezuela’s oil wealth, so its revenues could be used to provide essential services and anti-poverty programs. Chavez used Venezuela’s natural resources for Venezuelans, which is heresy to neoliberals. Chavez’s charismatic personality, commitment to the poor and concern for social justice made him a hero loved by the people. His legacy and “Chavismo” revolutionary socialism lives on.

Chavismo that denies international corporations profits are fighting words to the U.S. Empire. In 2002 President George W. Bush was caught red handed as the instigator of a plot that kidnapped Chavez and tried to overthrow him in a coup d’etat. The coup failed because the people turned out in the streets demanding Chavez’s return and reinstatement. Bush was left with egg on his face, the blood of dozens murdered in the coup attempt and a smoking gun in his hand (The Guardian).

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