Posts

Showing posts with the label UAE

UNITED AGAINST NUCLEAR IRAN: THE SHADOWY, INTELLIGENCE-LINKED GROUP DRIVING THE US TOWARDS WAR WITH IRAN

Image
  UNITED AGAINST NUCLEAR IRAN: THE SHADOWY, INTELLIGENCE-LINKED GROUP DRIVING THE US TOWARDS WAR WITH IRAN ALAN MACLEOD Most of the world has watched the Israeli assault on Gaza in horror. As tens of thousands have been killed and millions displaced, tens of millions of people around the world have poured onto the streets to demand an end to the violence. But a few select others have taken to the pages of our most influential media to demand an escalation of the violence and that the United States help Israel strike not just Palestine, Syria, and Lebanon but Iran as well. “I might have once favored a cease-fire with Hamas, but not now,”  wrote  Bush-era diplomat Dennis Ross in The New York Times, explaining that “if Hamas is perceived as winning, it will validate the group’s ideology of rejection, give leverage and momentum to Iran and its collaborators and put [our] own governments on the defensive.” In the wake of Hamas’ October 7 assault, arch-neoconservative official John Bolton wa

UAE Plans $150 Billion Spending Spree To Boost Oil Output To 5MM Barrels By 2027

Image
With oil tumbling ahead of the grueling 2023 recession, the last thing OPEC+ and (bullish) oil traders wanted to see is even more supply coming on line, and yet that's precisely what the a core gulf hub is proposing. According to Bloomberg, the United Arab Emirates - which in recent years has aggressively sought to diversify away from oil and to  become the world's crypto hub  - will look to revert back to its core competency and plans to expand its global energy - and especially energy spending - to boost oil and natural gas production capacity. Abu Dhabi National Oil Co., also known as Adnoc, will invest  $150 billion in the five years through 2027,  it said in a statement Monday. That’s an increase on the previous spending plan of $127 billion over five years that was announced a year ago. The spending spree  will try to raise crude output capacity to 5 million barrels a day by 2027, earlier than the previous target of 2030  and comes at a time  when Saudi oil giant Aramco i