The 28-member IEA said that the loss of
Libya's 1.5 million barrels of daily
exports has squeezed oil supplies to the
point that it now threatens to "undermine
the fragile global economic
recovery."
Analysis: Yemen crisis puts
Saudi in powerbroker's bind 6/18/11
Fearing both civil war and sweeping
political reform as results of the
crisis in Yemen, Saudi Arabia is
struggling with its role as regional
kingmaker.
Saudi and Yemeni state media still
stress Riyadh's relationship with
Yemen's Saleh. Wary that
Yemen could slip into further chaos,
Saudi Arabia has begun shipments
of a grant of 3 million barrels of oil
to alleviate fuel shortages now
gripping Yemen.
Saudis Set To
Bankrupt Iran With Flood Of Oil
– Wed,
Jun 22 2011
Some, are finally
admitting it.
Saudi clout
on oil questioned after OPEC-
June 23, 2011
The last thing the House of Saud
wants is constitutional reform,
particularly as it wrestles
with what could be a messy
crisis over who will succeed
King Abdullah, who's
believed to be 88 and
recently underwent surgery in New
York.
Sadad al-Husseini, former
head
of exploration with the
state-owned oil monopoly
Aramco,
told U.S. diplomats the kingdom
couldn't
achieve the 12.5 million bpd production
target to prevent prices soaring.
The Saudis, he said, had
overstated their crude reserves, to
spur investment, by as much as 300
billion barrels.
"Few governments …are likely to survive
the economic dislocation that a
sustained price of $200 a barrel would
deliver," British commentator George
Monbiot said in March.
"The production quotas assigned to OPEC
states are a function of the size of
their stated reserves,"
he wrote in The Guardian British daily.
"All members of the cartel have
an incentive to exaggerate them. Saudi
Arabia posts the same figure now that
it did in 1988. Fact or
fiction, who knows? The true
condition of its oil fields is a state
secret."
The
Earthquakes, Volcanos and Lava
Fields are not sitting quietly.
Ancient Saudi Lava Field Triggered
Quakes
A series of quakes in Saudi Arabia is
a reminder that ancient volcanic fields
aren't never fully asleep. 09/27/2010
In May 2009 an
ancient, dead lava field in northwest
Saudi Arabia woke up and triggered 30,000
small earthquakes, creating a jagged
five-mile-long crack in the ground.
Despite being far from any currently
active volcanic areas, the Harrat
Lunayyir lava field shows all
the signs of being charged up from
below with a fresh supply of magma in
preparation for a new eruption.
More damaging intrusions of magma have
been in Ethiopia along the southernmost
part of the Red Sea. These and the Saudi
event were created by the same volcanic
"hotspot" which has caused the crust of
the Earth there to weaken and spread
apart, with volcanic eruptions filling
the void.
The Saudi Arabia oil
is soon to be offline
due to seismic activity,
but what else on
that Arabian Fault Line will be
targeted?
The U.S. Fifth Fleet
that's stationed in Bahrain.
Hopefully gets to safety before
anything tragic.
Iran's Bushehr
Nuclear Power Plant catastrophe
will happen.
And three men who brought it
on-board, just lost their lives and will
not help Iran with Nuclear Radiation,
and the world dealing with contamination
in the Persian
Gulf.
Three High-Ranking Russian Nuclear
Scientists Died In Tuesday's Tupolev
Crash
Jun.
23, 2011,
The three men credited with
bringing Iran's Bushehr nuclear
power plant from design to
production died in a Russian
plane crash Tuesday.
The Israeli
tabloid Debka
reports that the three men were
among the 44 killed in the
downing of a Tupolev-134.
The loss of the three men: Sergey
Ryzhov, Gennady Banuyk and
Nikolay Trunov, is said
to be a severe blow to Russian
atomic energy programs.
Russian officials are
investigating why the men were
violating regulations that
prohibit more than one
high-ranking politician,
sensitive-industry executive, or
military figure from taking the
same flight.
The
Lord is coming.
God
Bless,
Gail