Oil’s well that ends well

My articles on media manipulation could not have come at a better time. Watching the news as the market weakens, stocks and bond tumbling the USD drops and oil rises, one may believe the broadcasters pushing some factitious story, blaming the GDP. Perhaps this may be part of it. However, what I am not seeing as the headline in the news is the real reason for the reversals. There has been a historical event, a complete reshuffle of the Saudi empire. There is a new Saudi King replacing Salman, who has proven not to be fond of the Obama Administration for many reasons. His father the late king on his deathbed has talked of religion and how it needed to take precedence over power and money and oil. The late Saudi king Abdullah insisted Obama did not bow (enough) to the guardian of Islam’s two holiest sites, not once but twice. Michelle Obama was looked down upon when the king felt she was disrespecting his faith and wishes (laws) by not wearing a headscarf when visiting, since then he refused to shake her hand. Nothing was more disrespectful than Obama siding with the Muslim brotherhood and funded part of overthrowing the late King Abdullah’s good friend and close Ally Hosni Mubarakin. The late King would not even speak to Obama and was thankful for Putin’s Russian arm sale to Egypt and backing for General Sisi ageist the brotherhood and Obama. This created more than a rift in our relationships with Russia and Saudi Arabia.

When I think of Saudi Arabia, I think of it being US run and practically owed, Egypt as well. Without completely disrespecting the royal family, I would use the term “puppets” for US interests. I say this because other US presidents had done much worse politically and financially, but never personally, like Obama has to top his administration’s pursuit of a nuclear accord with Iran has created more than tension. The late king had shifted his American revered views as his time came. Our security is primarily why Saudi Arabia even needs us they, it is not the money it is the power they have more cash reserves than we could dream of, and liquid cash gushing from the land. The cold war created a strong partnership between the US and Saudi Arabia yet now Putin has more than lent his assistance he has created a friendship and willingness to provide the security needed and with the Russian china partnership we are not even regarded by Salman. Salman even removed US airspace and  intended to keep oil low to benefit there own long term needs despite Americas and OPEC’s objection. Salman who puts his Muslim religion above all also has a personal distain for Obama. Salman who has sworn to follow the wishes of the late king has made it clear the US foreign polices do not depict his personal choices. In March, the US shut down the US Embassies in Riyadh, Jeddah, and Dhahahran for security interests.

 Suddenly Salman has been replaced by the late king’s nephew Prince Mohammed bin Nayef who Obama originally campaigned for. This is the first time a nephew and not one of the 45 sons has been in this position. With the anti American campaign that is, being embellished by the media one has to wonder what is really going on. The U.S. is more powerful than many think and much more powerful than to be ostracizes by the personal drama or emotional views towards the U.S. even siding with Iran the rival of the Saudi kingdom cannot alter the financial and political ties. The fear of an oil-pocalypse is futuristic right now we have mid term expectations will winners and losers all temporary. With big players wiping out the little people during this all time low, it would seem they are setting up the price points for the next year, or Yellen is buying up contracts and passing them out as gifts. The last three months we see gas prices rise more than 30% the last time we saw a rise this fast was 2007. it is good to keep in mind every time the price went down state taxes went up Gas typically peaks in July so we will see a greater rise in the next few months. This dispute personal or not will still profit and nothing is done said or leaked without intention.