China Criticizes Iran for Threatening to Block Hormuz Strait Oil Shipments

(THIS ARTICLE IS COURTESY OF THE SAUDI NEWS AGENCY ASHARQ AL-AWSAT)

 

China Criticizes Iran for Threatening to Block Hormuz Strait Oil Shipments

Friday, 6 July, 2018 – 09:15
Trading shows and ships are docked on the Arabian Gulf waters near the town of Khasab, in Oman. (AP)
Asharq Al-Awsat
China condemned on Friday Iran for threatening to block oil shipments through the Strait of Hormuz.

Iran should make more effort to ensure stability in the Middle East and get along with its neighbors, said Chinese Assistant Foreign Minister Chen Xiaodong.

He made his remarks during a news briefing ahead of a major summit between China and Arab states that kicks off in Beijing next week.

Iranian President Hassan Rouhani, Iran’s Revolutionary Guards and some senior military commanders have threatened to disrupt oil shipments from the Gulf countries if Washington tries to strangle Tehran’s oil exports.

Carrying one-third of the world’s seaborne oil every day, the Strait of Hormuz links Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond.

Asked about the Iranian threat to the strait, Chen remarked that China and Arab countries had close communications about Middle East peace, including the Iran issue.

“China consistently believes that the relevant country should do more to benefit peace and stability in the region, and jointly protect peace and stability there,” he added.

“Especially as it is a country on the Gulf, it should dedicate itself to being a good neighbor and co-existing peacefully,” he continued. “China will continue to play our positive, constructive role.”

Ministers from 21 Arab countries are attending the summit, as well as Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber al-Sabah. Chinese President Xi Jinping will give the opening address on Tuesday.

The United States Navy vowed on Thursday to protect oil routes and international navigation in the Hormuz Strait in wake of Iran’s threats.

“The US and its partners provide, and promote security and stability in the region,” Central Command spokesman Navy Captain Bill Urban said in an email to Reuters.

Asked what would be the US naval reaction if Iran blocks the strait, he said: “Together, we stand ready to ensure the freedom of navigation and the free flow of commerce wherever international law allows.”

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LÓPEZ OBRADOR, THE MEXICAN LULA, HAS A LANDSLIDE VICTORY

(THIS ARTICLE IS COURTESY OF THE BRAZILIAN NEWS PAPER 247)

 

Why Is The American Government Committing Treason Against Every American

Why Is The American Government Committing Treason Against Every American

 

There are going to be some folks who will be mad at me for insinuating such a thing about our government, some will call me unpatriotic for saying such a thing. Well, honestly, I think that the vast majority of the American People aren’t quite as naive as we were 50 years ago, or even say, one year ago.  I know that I am not the wisest human being to ever walk this planet but I have spent most of my 60 plus years trying to pay attention to reality. We all know by now that there are good and bad people in every profession. There are some professions that we all believe or joke about as being dirty whether it be so or not, like door to door magazine salesmen, used car dealers, bankers, insurance salesmen, NSA personnel, politicians, and oil executives. I have tried to always be completely truthful in everything I write on this site, always to the best of my knowledge and ability, and that is what I am going to do in this article.

Treason, yes treason, that is what I said. The first duty of any government is to keep its people safe. If they forsake this most basic vow, they are guilty of treason against their own people and this is what has been going on now for a very long time. Nothing this bad can last forever without horrible consequences and at any moment all of our lives can be changed in a flash. Back in 1980 I worked at a major U.S. oil company headquarters in Houston Texas in the executive protection field, I learned there just how easily major politicians can be bought and paid for with absolutely no regard for the welfare of the country by either the politician or the company. These actions I witnessed and heard sickened me to my core so I quit and moved many states away from that job.  Some of the things I heard there would make you mad, sick, or just laugh at some of the pure stupidity and out of touch with reality they could be there in their ivory towers.

For many years I have traveled all over the United States many, many, times. I am going to tell you some of the things I have seen and that I know are absolute truth. When you travel through west Texas and you go through the Midland, Odessa area on interstate 20 you are going through the Permian Basin. This is where the best crude oil in the world is at, it is the oil that the rest of the world’s oil is judged by, this is the land that the Bush family worked, lived, and prospered in. If you look out in the fields on each side of the highway especially if you travel at night you will occasionally see vertical lights out in the fields, these are oil drilling rigs digging for the black gold. Does it make any sense to still be drilling? Most folks would say yes, I think. But now, if you travel west Texas, Oklahoma, California, Wyoming, or North or South Dakota you will see something that might surprise you, at least at a minimum, even in west Texas, half or more of all the pump jacks are turned off and the new holes that get dug are then capped.

Now, do you ask why? Good question, now I am going to start telling you why I think that you and I and everyone in our country are having our safety sold out, it’s all about money and greed folks. I have some friends in these High Plains areas who work in these fields and have been told the same thing goes on up there, wells get dug, then capped. You probably know of this oil pipeline that Canada and some U.S. companies want to lay pipe for from Canada down to the Gulf Coast but the government won’t approve it because environmental organizations don’t want it running through sensitive land areas in places like Nebraska. Here is a thought, I know for a fact that there are oil refineries in states like Wyoming and Montana, why does the oil pipeline have any need to go all the way to the Gulf Coast, is it so the oil companies can export it? We have been told for decades now that we don’t have the oil storage or refining capabilities that are needed. Why not? Create more jobs in these western states, build a lot more storage areas and the needed amount of oil refineries there to handle the new oil we are finding on our own land and if Canada want’s to run this joint pipeline adventure into the States there is plenty of unused government land to build these facilities on. These things should have been done many years ago for the reason of National Security, your security, my security, and the security of all of our families have been at stake for years, but we were then and now still being sold out.

Back as far as the early seventies our people learned that we are not and island unto our selves, that events outside of our borders can badly harm us. With the OPEC oil embargo OPEC countries cut way back on what they would sell us because we dared to back Israel. What has our government done to correct this national security issue? What is our current government doing now to correct this major safety issue? President Obama wouldn’t approve the Canadian pipeline, and he all but killed the cola industry and the nuclear industry is being phased out, plus there are many, many oil fields that the government wouldn’t give drilling permits for. But now, President Trump seems willing to give drilling permits just about anywhere except off the east coast of Florida where he has personal business interests. Yet still, where are the new refineries and storage units for all the oil we are producing and the gas we are producing on our own shores, where are they? I know that oil and gas and coal are not the only forms or energy we use in our country, but they are a huge part of it at this time. The U.S. Department of Energy say’s that in 2012 we imported 40% of the oil we consume at this time, 40% folks. In this country we have seen when we have a 2% down tick in the economy it throws us into a deep recession, at best. Folks, what would happen in this country if say even 30% of that 40% were shut off from us, that would be 12% loss. What would that do to our economy, to everyone’s lives, our jobs, our ability to get to them, also what would the cost of a gallon of gas be then?

If we the people are not the first concern for every one in our government why not? Now I am going to spout a few figures to you that come from the Independent Statistics and Analyst Department of the U.S. Energy Information Administration of the U.S. Department of Energy, from one of their web sites. We (oil companies) are exporting these following items, 1) Crude Oil 2) Crude Oil Products 3) Finished Motor Gasoline 4) Kerosene-Type Jet Fuel 5) Distillate Fuel Oil 6) Residual Fuel Oil 7) Propane/Polypropylene 8) here it just said “oil-oils”.  People, why is our government allowing the sale of any of this outside of our own borders? Their own stats say that we are importing 7.4 M.M.B.D. of crude oil while at the same time we are exporting 1.M.M.B.D., people, why is this being allowed. In the “Interest of National Security” these things could be stopped and corrected, why aren’t they? Money, greed?Treason?

There are many real things that could have been done already to cut down on our imports while they were building the refineries and storage facilities that are needed. Any secure nation is not secure unless it is 100% self-sufficient in its energy requirements with large energy stock piles in case of any type of attack on that country. Folks, we are nowhere near being in a safe zone. Another part of this issue is the fact that we are importing energy from countries that hate us and who are supporting militant groups so that they can attack and kill us all. How ignorant is it that you give the people who want nothing more than to kill you the weapons and the bullets to do it with? That’s what we are doing and have been doing for decades now, why is our government past and present trying to get us all killed? Is the answer the same as what I witnessed while working for that major oil company in Houston, is it all about power and greed and to hell with the people, it does seem that way to me.

One other quick issue I want to touch on before I close, again the government could have used the “for national security, or at least, for the good of the country” slogan to force these issues, and they do have the power to do exactly that in time of emergencies . Question is, why wait until you have the emergency before you make any plans or take the needed steps to survive the emergency? One of the things the government could have/should be enforcing is much more stringent MPG requirements for at least the past forty years yet President Trump just this past week canceled the higher MPG requirements. Think how much less fuel imports would be if all new cars sold in America were required to get 40 MPG in town and out, no exceptions, and all Pickups and SUV’s were required to get a minimum of 30 MPG in town and out. Why is it not a forced issue that every new vehicle made or sold in America has to be a Hybrid? These things can be done and should have been forced on the car makers decades ago. Would there have to be changes in the design and size of the units, of course. But think about it, if these laws were in effect now and our units were getting these MPG’s now how much of a savings would all of us have at the pump? Think of all the other places that money could be spent to improve our life styles and at the same time stimulate our economy. I will close now with this one very major issue. Our import export deficit is now over a trillion dollars a year and a huge portion is from imported energy. This policy is stupid and dangerous to every one of us. Our governments policies not only give our enemies the weapons they use to kills us with but in so doing, this export deficit is killing the value of our currency making the things we can buy much more expensive because the dollar is so down graded, and this hurts every one of us. So again, why the heck is our government putting every ones lively hood and lives at such risk? Is it as simple as money and greed, because they couldn’t possibly just be this stupid could they, well, maybe President Trump could, but no, in this case it is all about greed.

As I said earlier in this article, there are good and bad people in every occupation, even politics. When I lived in northern Illinois back about 40 years ago I had a real good Congressman in a man named John Anderson and I was blessed to have had an excellent Congressman when I lived in eastern Tennessee named M.D. Phil Roe. I have had contacts with Congressman Roe a few times and I beg you, if you have a good Congressman or Senator, state of federal, please try to communicate these concerns to them before we either end up with a totally crippled country, or before we’re all dead.

 

It’s Called ‘Trickle Up’ Economics

IT’S CALLED ‘TRICKLE UP’ ECONOMICS

     

(1-9-2015)

    These days we are again hearing the old term in politics that I first heard from the Reagan era, people in Washington call it the Trickle Down Theory. The concept is being practiced by both parties, though they would probably deny it. Today these people tend to use the words “Stimulus Package”. If you remember, We tried this approach shortly before he (W) got out of office. Then came Mr. Obama, he tried his own version of a stimulus package, bailing out the banks and Wall Street, the very people who caused almost all of the problems in the first place. The idea of this scam was to strengthen our country’s financial base from the top down. You see, neither party “get’s it”, you give the top one percent all the financial means and they just hold onto it. I have a question for you, how many of We The People have been able to get a loan, for personal or for small or medium size businesses since the banks got “our” money handed to them? Do you remember just a couple of months ago Mr. Obama was caught on camera at some conference table filled with his cronies and he said in reference of his stimulus package, “I guess that the country wasn’t as shovel ready as we had thought” and he and his cronies had a good laugh about it.

    Now Mr. Obama is prancing out another stimulus package under the cloak of it creating jobs in our country for our people. Odd isn’t it, the things these politicians try just before an election season fires up? Mr. Obama, and the Congress should have taken the other stimulus package a couple of years ago and put Americans to work then. I am a long haul truck driver by trade, a person sees and hears many things as we go around the country from the people and the local radio stations. Our nation’s roads and bridges are in lousy condition all over the country. Most all of our big cities are completely falling apart, above ground and below them. If the stimulus money from the past had been used to rebuild our country from the inside, which would have put many people to work all over our country. As you go around the country you see things like all these oil wells that are capped, even in the oil fields of West Texas. We have found lots of oil in Wyoming and the Dakotas, but as soon as they are drilled, there capped. You see, this country doesn’t have enough refineries to produce the products and we don’t have anywhere near enough storage facilities to store all the oil we already have here in our own country. These days we hear a lot about clean coal technologies and that we are the Saudi Arabia of Natural gas. Why are we selling oil abroad? People, why are we giving billions to people who use that money to finance means to kill all of us?

    Here is the simple economics behind this writing, if the money had been given out through work programs, the people of America would have been working several years ago, on good full-time jobs for good pay. Then the people would not have been losing their homes. People would have been able to have purchasing power which would have stimulated our economy putting even more people back to work. If this had happened, the Banks would have had earned a lot of money from the bottom up and the governments at all levels would have been reaping the benefits of increased tax revenue which would have keep our civil servants employed. What our country needs are politicians who are able to realize that there is nothing wrong if the bottom 99% have 95% of the money going through their hands. Then the top 1% of the population would still be getting about 5%, this would still make that small and very important group of people very, very wealthy. They are very important because they are the risk takers who have the ability to create many of our nation’s jobs, these people must be well compensated, five for one is very nice compensation. Friends, this is what I call, Trickle Up Economics.

 

                                                                                  Thank you for your time,

                                                                                  oldpoet56   

    

Russians and Saudis hold key talks on oil and Middle East

(THIS ARTICLE IS COURTESY OF THE SHANGHAI DAILY NEWS-SHINE)

 

Russians and Saudis hold key talks on oil and Middle East

RUSSIAN President Vladimir Putin hosted Saudi Arabia’s King Salman for talks at the Kremlin yesterday, cementing a relationship that is crucial for determining world oil prices and could be pivotal for resolving conflicts in the Middle East.

King Salman, the first sitting Saudi monarch to visit Russia, led a delegation to Moscow that agreed joint investment deals worth several billion dollars, providing much-needed investment for a Russian economy battered by low oil prices and Western sanctions.

On the political front, there was no sign of any substantial breakthrough on the issues that divide Moscow and Riyadh, including the fact that they back rival sides in Syria’s civil war.

However, there was no sign of any public discord either.

Briefing the media on the talks between Putin and King Salman, Russian Foreign Minister Sergei Lavrov focused on the common ground between the two countries.

Lavrov said the two leaders had agreed on the importance of fighting terror, of finding peaceful solutions to conflicts in the Middle East, and on the principle of territorial integrity.

In a concrete expression of how ties are deepening, Saudi Arabia said it had signed a memorandum of understanding on the purchase of S-400 air defense systems from Russia’s state arms exporter.

The two leaders had a “friendly and substantial discussion based on a desire by Moscow and Riyadh to consistently grow mutually beneficial partnerships in all spheres,” Lavrov said at a briefing alongside his Saudi counterpart Adel al-Jubeir.

“We believe that new horizons have opened up for the development of our relations that we could not previously have imagined,” the Saudi foreign minister said. “Relations between Russia and Saudi Arabia have reached an historical moment,” said Jubeir.

Russia’s military intervention in the Syria conflict has brought about an acknowledgement in Arab capitals that it now has real clout in the Middle East.

Moscow and Riyadh worked together to secure a deal between OPEC and other oil producers to cut output until the end of March 2018, in an effort to push up world prices.

Saudi Arabia’s Finance Minister Says That Citizens And Companies Will Pay No Income Tax

 

(THIS ARTICLE IS COURTESY OF REUTERS)

 

Saudi Arabia’s finance minister said on Sunday that citizens would not pay taxes on income and Saudi companies would not see their profits taxed under sweeping economic reforms being introduced in the oil-rich kingdom.

The collapse in oil prices after mid-2014 has pushed Saudi Arabia to contemplate a radical overhaul of all parts of its economy, including new taxes, privatizations, a changed investment strategy and sharp cuts in government spending.

Mohammed al-Jadaan sought in a statement carried by state news agency SPA to allay concern that people would be taxed as part of the ambitious reform plan. Saudis currently do not pay any income tax, nor are Saudi companies taxed on their profits.

He also said a value-added tax planned for 2018 would “not be raised above 5 percent before 2020”.

The six Arab monarchies of the Gulf Cooperation Council are aiming to introduce a 5 percent value-added tax at the start of next year to raise non-oil revenues. But economists and officials in some countries have said privately that simultaneous introduction in all countries may not be feasible.

That is because of the complexity of creating the administrative infrastructure to collect the tax and the difficulty of training companies to comply with it in a region where taxation is minimal.

(Reporting by Mostafa Hashem; Writing by Tom Finn; Editing by Hugh Lawson)