Russia abandons the petrodollar
By: Tyler Durden
Back in November, before most grasped just how serious the collapse in crude was (and would become, as well as its massive implications), we wrote “How The Petrodollar Quietly Died, And Nobody Noticed“, because for the first time in almost two decades, energy-exporting countries would pull their “petrodollars” out of world markets in 2015.
This empirical death of Petrodollar followed years of windfalls for oil exporters such as Russia, Angola, Saudi Arabia and Nigeria. Much of that money found its way into financial markets, helping to boost asset prices and keep the cost of borrowing down, through so-called petrodollar recycling.
We added that in 2014 “the oil producers will effectively import capital amounting to $7.6 billion. By comparison, they exported $60 billion in 2013 and $248 billion in 2012, according to the following graphic based on BNP Paribas calculations.”
Documentary: The Truth about 911 (Video)
This is an informative and coherent documentary that exposes the hidden truth about who really is pulling the strings behind the scenes, and their plans to bring about a new world order that every human being needs to wake up to.
Israel’s oil drilling in Golan criticised
By: Creede Newton and Patrick Strickland
Southern Golan Heights – Heavily subsidised Jewish-only settlements, large Israeli military areas and tanks dot the rolling green hills in this part of the Golan Heights; Syrian territory occupied by Israel since the 1967 Middle East war.
In addition to the ubiquitous signs warning of landmines, remnants of Syrian life are everywhere; bombed-out homes, dilapidated schools, crumbling hospitals. Most of the region’s indigenous Syrians – an estimated 90,000 Christians, Muslims and Druze – were expelled from the 70 percent of the Golan Heights under Israeli control.
Documentary: World War One Through Arab Eyes – Episode 3: The New Middle East (Video)
Episode three covers the secret Sykes-Picot agreement between Britain and France and the way the two imperial powers carved up the former Ottoman Empire between them, regardless of the rights and demands of rights and nationalist movements across the Arab world.
Despite the Egyptian Revolution and the Iraq Uprising, Arab subservience to Ottoman rule was replaced by a series of mandates across the region in which Britain and France seized control of the areas they prized most – to satisfy their own ambitions, interests and ultimately to gain access to region’s valuable oil resources.
The war gave birth to the Turkish nationalist movement which led to the founding of the modern Turkish state; and to Zionism, aided greatly by the Balfour Declaration of 1917. The Treaty of Versaillles, however, was referred to by one German-Ottoman military leader not as a peace but as ‘a twenty year armistice’ – and so it proved …
Documentary: The Road to World War 3 (Video)
We are on a road that leads straight to the World War 3, but in order to see that and to fully understand what is at stake you have to look at the big picture and connect the dots. This video examines the history of the dollar, its relation to oil, and the real motives behind the wars of the past two decades.
Ecuador’s thirst for oil threatens wildlife (Video)
Ecuador’s Yasuni National Park park is a refuge to more than twenty types of endangered mammals, and a single hectare of forest is home to more than 100,000 species of insects. More amazingly, an estimated eighty percent of the species living in there are still unknown to scientists. But now, the threat of oil extraction means those species could be destroyed before they are even discovered. Al Jazeera’s David Mercer reports from the Yasuni Biosphere Reserve.
Myanmar: Villagers Vs. Foreign Investors (Video)
Villagers in Myanmar have protested against major Chinese oil and mining corporations for two years, claiming they are stealing their land and ruining the environment. China’s investment in Myanmar has recently declined, but U.S. trade with the country is on the upswing. Will American companies treat local people any better?