As relayed by Shoebat.com last week, the issue of fracking in Texas and North Dakota was high on the priority list of the Saudis going into a meeting about what to do relative to oil prices. In short, with oil exports constituting approximately 90% of the Saudi economy and U.S. production driving supply up and […]
Tag Archives | OPEC
Texas and North Dakota Oil Production Really Getting Under Saudis’ Skin
Thanks to the shale boom and fracking, U.S. oil producers are making life increasingly difficult for OPEC and that organization’s largest producer – Saudi Arabia, as Shoebat.com has reported. The rise in U.S. production is forcing OPEC nations to cut back on production rather than sell below breakeven. According to Bloomberg: Then there’s Saudi Arabia, […]
U.S. Quietly Inflicting Economic Pain on OPEC, Tyrants, and Terrorists with Increased Oil Production (Thank you, FRACKING)
Saudi Arabia is having to significantly cut back on the amount of oil it’s supplying to world markets. Terror states like Libya and Central American dictators like Hugo Chavez’s successor are drowning in oil they’re having a hard time selling. Oil prices are falling due to an increase in global supply, largely because of an […]
Rise in U.S. Oil Production has Proiminent Saudi Prince Freaking Out
Whether it’s the west Texas oil boom or the fracking boom in the Dakotas, the increase in domestic U.S. oil production has been a key factor in driving Saudi oil prices down. Prince Alwaleed bin Talal, the same prince who is also the second largest shareholder of Fox News’ parent company Newscorp., is a bit […]
Is Saudi Arabia Exporting more Oil in Anticipation of Iranian Sanctions?
Earlier this week, we reported on the Jerusalem Post story that charges Saudi Arabia with sending weapons to the Syrian rebels and how the extremely acrimonious relationship between Iran and Saudi Arabia can only be exacerbated by such a development. Now it looks like we can add another layer to this as Saudi Arabia appears […]