Nèdeem Elmahjoub's blog

The point here is what ‘West’? The article itself does not mention a single major European state and its position. All is about the US vs. the rest. Related A shift in global power structures World Oil:  Contemporary transformations in ownership and control

“ Whilst attempting to show his leadership on climate, Biden was at the same time trying to persuade the OPEC oil producers to increase production, so as to keep petrol prices down for US consumers.” — Jon Sopel, the BBC Then Biden was seen asleep. ‘Mission accomplished’.

Saudi Arabia's "radical new oil strategy"

By authors of The Global Political Economy of Israel The authors acknowledge that their analysis/perspective is "unique". I find it so, but it is very interesting. On the one hand, the differential profits of the oil companies and the revenues of the oil-producing countries remain tightly correlated with the relative price of oil: over the past decade or so, both have plummeted in tandem. So this side of the theory still works. On the other hand, the synchronized decline of prices and earnings has occurred despite ongo- ing regional conflict and plenty of violence. On this count, the theory seems incon- sistent with recent events. Is this partial breakdown a sign of things to come? Will the differential profits of the Weapondollar-Petrodollar Coalition continue to stir Blood and Oil in the Orient , as Essad Bey (1932) poetically called it – or are we witnessing the end of an era?  Arms and Oil in the Middle East