One of the more shocking things Barack Obama is remembered for is bowing to Saudi King Abdullah shortly after being elected. It made international headlines and is referenced even today by Obama’s critics as anecdotal evidence that he is a Muslim. When it comes to Obama, however, if one thing has been learned, it’s that […]
Tag Archives | Fracking
Saudi Strategy to Hurt U.S. Oil Producers Relies on Help from U.S. Politicians
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 […]
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, […]
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 […]
Propaganda from the Arabian Peninsula and Hollywood’s willing accomplices
West Texas has been experiencing an oil boom for quite some time. Midland, Texas is an oasis of economic activity amidst a desert of economic inactivity. One of the reasons for the boom has been the success of fracking, which seems to be spooking oil producers in the Middle East. Via the Texas Tribune: Today […]