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The Middle East And Global Tsunami

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The extraordinary events in Tunisia, Egypt and Libya are the initial high tides of an eventual tsunami that will impact the world that globalists have so fervently promoted for decades, in ways not necessarily to their liking. The first wave has struck and is now retreating from the shore, but will shortly return with redoubled force, and what and who will be swept away and what will be left standing is anyone’s guess.

Per usual, America’s intelligence agencies on which $60 billion a year is lavished, or $200 for every man, woman and child in the United States, have given zero benefit to the American citizenry in anticipating events in the North African Magreb, as the Central Intelligence Agency (CIA) along with America’s 15 other federal intelligence agencies were completely blindsided by the events, if public information is to be believed. If any comfort can be had in this, it is the fact that America’s favourite bête noire, al Qaida, much less other Islamic fundamentalists such as the Islamic Brotherhood in Egypt, were apparently caught flatfooted as well.

As “Beltwayistan” frantically tries to conceptualize events in North Africa now threatening the larger Muslim world, Washington’s pundit class has tried a number of insta-definitions to explain events.

First, it was an “Arab’ thing. Secondly, a “Muslim’ thing, where dark forces, epitomized by the Muslim Brotherhood and Al Qaida lurking in the wings, were standing poised to hijack events and turn Egypt and now Libya into an Islamic state, with de facto hostility to the West and in particular, towards America’s client state, Israel, threatening the 1979 Camp David accords.

To use an American English cliché, the “bottom line” is that what’s happened in Tunisia, Egypt and now Libya represent an ominous turn for Western (read American) interests in the Middle East. Like a Greenland glacier weakened by global warming, the Middle East system of stability carefully crafted by Western interest focused on the region’s energy reserves over the last 50 years has begun suddenly to fracture and crumble, and what will replace it is uncertain at best.

In reality, complex as the origins for the North African unrest are, major aspects of them are simply incomprehensible to American GS-17 “specialists” in Washington earning six-figure salaries, along with the hordes of denizens of the Dilbert cubicles cloistered in the NSA’s Fort Meade and the CIA’s Langley environs, sifting through the massive amounts of data hoovered in each day by the Echelon intelligence network.

What these “experts” have overlooked in their analysis over events are two critical issues – the massive poverty and income disparity of the states undergoing protests, but even more importantly, the presence of an aware youth, plugged into the digital age since childbirth, questioning the status quo.

Interestingly, and also largely overlooked by Western commentators, is that the region’s favorite bête noirs has been apparently totally blindsided by the recent events in the Magreb. For the Arab world, this includes the CIA and Israel’s Mossad, which are usually seen behind every political event in the region. While such information is tightly held, there is every indication at this stage that both intelligence agencies, vaunted for their abilities, particularly in their native countries, were caught totally flatfooted by the recent events in North Africa.

For the aforementioned two agencies, their initial attempts along with the Western media to portray events in Tunisia, Egypt, Libya and now destabilizing Jordan, Yemen and Bahrain as part of a nefarious, long developed part of a master plan by Islamists to topple their respective regimes have similarly proven to be as false as those peddling them.

Islamic militants in recent events have been conspicuous by their absence, not in the vanguard of events mobilizing popular support streaming into the streets, nor taking advantage of the resultant political chaos to bring the masses over to their side in proclaiming that whatever succeeds the newly toppled old regime will have a predominantly Islamic tinge. Nowhere have these Western and Israeli fears been more assiduously stoked than in Egypt, where the deep rooted and long banned Islamic Brotherhood maintains a formidable presence.

Given the absence of the region’s favorite evil covert intelligence agencies as well as the West’s mirror imaged paramount and paranoid fears of covert Islamic fundamentalist jihadis, the causes for the unrest roiling North Africa must be sought elsewhere.

They lie in two root causes simply off the pundit’s and intelligence service’s radar – poverty and the emergence of a bright, computer literate generation, the first in world history, that sees its options for a decent livelihood, much less prosperity, blocked by a brutal plutocracy designed exclusively to profit the scions of the ruling class, while their corrupt governments buy off Western criticism by waving the specter of Islamic fundamentalism.

The catalyst? The suicide on 17 December of Tarek el-Tayyib Mohamed Ben Bouazizi, a Tunisian street vendor who set himself alight in the town of Sidi Bouzoud, a poverty stricken locale with an unemployment rate of 30 percent, after being harassed by officials who confiscated his pushcart’s wares of fruit and vegetables, harassing and humiliating him. Nothing to see here, move along.

Except the Tunisian people did not. While the government clamped down on the Internet, tech-savvy young Tunisians quickly evaded the restrictions and furthermore, used cutting edge digital facilities such as Twitter and Facebook to spread the word about events. The anger and violence against President Ben Ali mounted to the point where he fled Tunisia for Saudi Arabia with his family on 14 January, which now seems a lifetime ago.

The Tunisian “jasmine revolution” and the subsequent events in Egypt and Libya now igniting unrest throughout the Middle East were instigated and largely belong to the dispossessed Twitter generation. This is a far larger development than is being portrayed with global implications. The pundits who have prattled on for years about “globalization” are now seeing the first stirrings of that and are furiously explaining away their lack of foresight as they assumed that globalization’s benefits would forever benefit the ruling classes while those at the bottom of the economic food chain would continue to remain, as they have for decades, quiescent and passive, awaiting the “trickle down” benefits from the tables of their masters which in fact never arrived. Reaganism on a global scale.

If poverty were the sole cause of social and political unrest, then as Karl Marx once observed, the poor would be in a constant state of turmoil. But millions of educated young Middle Easterners can now use the Internet and other digital media and have become aware of their situation and the grotesque financial inequities in their countries making their training largely worthless for finding employment, and unlike their parent’s generation, have mobilized for change.

What has largely been overlooked by Western intelligence agencies in their eagerness to find fundamentalists underpinning events in the Magreb is that the events of the last five weeks have not only been initiated by economic issues of extreme poverty, but the emergence of a global phenomenon largely overlooked up to now, the emergence of the world’s first totally computer literate generation, that can circumvent Internet restrictions.

The implications of the emergence of this generation, technologically literate and noting the disparity between their lives and the persistent, hypocritical bleatings of Washington about democracy have proven a potent mix and not only underlay today’s events, but are ominous harbingers for those affluent international plutocrats looting worldwide on the assumption that those young will forever passively accept the same conditions as their downtrodden parents.

Another extraordinary moment totally overlooked by the western media is how the events in Egypt represent al Jazeera’s coming of age. For media coverage of the events in North Africa, al Jazeera has consistently proven that it is the equal with any global television channel and deserving of wide dissemination. Tunisia, Egypt and Libya should prove their breakthrough moment for their brilliant and unwavering coverage of events, much as the 1991 Gulf War catapulted CNN into worldwide prominence.

“Walk like an Egyptian.” To those plutocratic governments that have asset-stripped their populations for decades for the benefit of their affluent ruling class, the watchword is now, “Be afraid, be very afraid.”

Long oppressed Middle Eastern peoples led by their tech-savvy youth have determined that their organized masses if tightly and consistently focused on Tahrir Square or elsewhere outweigh the repressive forces of the state if they are willing to accept casualties. Even beleaguered self-styled Libyan “King of Kings” ( or “Mad Dog,” if you prefer Reagan’s appellations) Moammar Qadaffi can’t kill them all.

As all repressive systems are ultimately based on the threat of using force to ensure the population’s passivity, this, along with the information age young spearheading the information revolution, are the true lessons of recent events in Tunisia, Egypt and Libya, while Bahrain, Saudi Arabia, Jordan and Yemen are on notice.

In America, technologically capable young people currently organize fun “flash mobs” or pants-less days – but certain elements deny them jobs for years and crush their employment opportunities while saddling them with decades of debt for their education, the future is not so bright.

As events in Wisconsin are proving, this is not solely an issue of the young, but of perceived assaults on declining standards of living imposed by spendthrift governments, as even America’s older working class is discovering ‘red lines.”

The turmoil transcends national boundaries – it is notable, though not reported in the American media, that Egyptian labor unions sent a message of solidarity after their protest began, thanking them for their earlier messages of solidarity, saying, “We stand with you now as you stood with us then.” America’s billionaires, relentlessly promoting globalization over the last three decades outsourcing American jobs abroad in search of increased Third World profits where labor is cheap, are now seeing some ‘blowback,” to use a CIA phrase.

We are all cheese-heads now. In the United States, 48 years after Dr. Martin Luther King delivered his stirring “I have a dream” speech at the base of the Lincoln Memorial, 45 per cent of young African-Americans have no jobs and the top hedge fund managers are paid, on average, $1 billion a year, a thoughtful American can only expect the mass protests against cuts in services and jobs in Wisconsin to spread.

And America’s propensity for eventual chaos is far higher than the Middle East, demonized in the press as a violent region, when one considers that America’s 300 million citizens have between 238 million and 276 million privately owned firearms.

As a prescient 23-year old from Hibbing, Minnesota, Bob Dylan warned an earlier generation 47 years ago about to embark on its misguided mission to safeguard and democratize in Vietnam, “There’s a battle outside and it is raging, It’ll soon shake your windows and rattle your walls, For the times they are a-changin’.”

America has older prophets on the current situation – as Thomas Jefferson observed, “A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.”

Take heed, Governor Walker of Wisconsin and all the rest of you political leaders in Washington DC – or fuel up your learjets and head for the Cayman Islands.

Daly of the Global Intelligence Report, writes from Washington, DC, USA.

John Daly

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NSCDC’s Anti-Vandal Squad Uncovers Artisanal Refinery In Rivers Community

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The Anti-Vandal Squad of the Nigeria Security and Civil Defence Corps (NSCDC), Rivers State Command, has uncovered yet another local refinery situated at Adobi-Akwa settlement in Etche Local Government Area of Rivers State.
The State Commandant, Basil Igwebueze, disclosed this while speaking to journalists shortly after the tour of the Illegal site.
Represented by the Head, Anti-Vandal Squad, CSC Peters Ibiso, Igwebueze said the squad made the discovery following a tipp off, expressing regret that no arrest was made as the  boys fled the site upon sighting the squad.
The cammandant’s representative took the newsmen across a tick forest of about 6-7 kilometers from the main town.
The team sighted where the pipeline vandals tapped into the Well Head of yet to be ascertained multinational company, connected their galvanised pipes to several cooking pots, heat up the crude to produce Automotive Gas Oil (AGO).
In his words, “Upon receiving a tip-off, the Anti-Vandal operatives swung into action to uncover this illegal oil bunkering site. They were in this forest for two days having cordoned the area, unfortunately, the perpetrators upon sighting our men took to their heels, but investigation is still ongoing to effect the arrests of such defiant elements”.
The Anti-Vandal Unit Head further narrated the operation techniques of the operators of local illegal refineries from the point of extraction of crude through vandalism of oil pipelines to cooking in various ovens where the content is subjected to high temperature and transmitted through pipes to reservoirs for storage and onward trans- loading to buyers.
While insisting that the command would not relent in the fight against illegal dealings in petroleum products, he urged the public to have more trust in the NSCDC by providing actionable intelligence that would enhance possible arrest of economic saboteurs in the State.
“Our commitment to continuously work in tandem with the prosecutorial mandate of the corps in order to rid the State of economic saboteurs remains unchanged. We value our informants and most especially the intelligence driven tip-off received from time to time.
“It is also our duty to ensure that our source of information are not disclosed so as to protect our informants. It is therefore our delight that the public will continue to have confidence and trust in us as we together protect the nation’s critical national assets and infrastructure from dare devil vandals”, he stated.

By: Lady Godknows Ogbulu

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Oil Fund Withdrawals Suggest Extended Price Rally

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The world’s largest crude oil exchange-traded fund has bled over $2 billion in less than a year. And it i
s not due to investors finding greener pastures elsewhere with other ETFs; it is the siren call of soaring prices that is prompting this mass exodus.
The WisdomTree Brent Crude Oil exchange-traded commodity had assets under management of some $2.5 billion last summer, according to Bloomberg. Now, the publication reports, this is down to $396 million, with withdrawals accelerating over the past few days.
In that, withdrawals seem to be following price trends. Brent earlier this month topped $90 per barrel and, after a short pause earlier this week, is back above that threshold again following the latest Israeli strike on the Gaza Strip amid reports about a possible ceasefire.
While it is true that prices are currently driven higher mainly by geopolitical events, fundamentals are also at play. A growing number of forecasters are updating their predictions for benchmarks this year on expectations of resilient demand and increasingly tighter supply. And investors are following the trend.
Even those who have not sold their ETF holdings in order to invest more directly in the rally are benefitting. That same WisdomTree Brent Crude Oil ETC generated returns of over 13 percent during the first quarter of the year as opposed to an average 8.8% gain in the S&P 500.
The WisdomTree exchange-traded commodity became the world’s largest oil fund at the beginning of last year. The fund saw inflows of over $1 billion, which poured in as the deflation in oil prices that had begun in late 2022 extended into the new year. Now, the trend has reversed and it has reversed strongly.
The WisdomTree Brent Crude Oil ETC is not the only fund seeing outflows. The U.S. Oil Fund, which used to be the world’s biggest oil fund before the WisdomTree inflows last year and is now the world’s biggest oil fund once again, also saw a flurry of investor exits as benchmarks climbed higher.
According to Bloomberg, the fund’s assets under management currently stand at $1.3 billion, down from some $5 billion during the pandemic.
In further evidence that oil makes money, the Middle East is about to become the only region in the world with three trillion-dollar sovereign wealth funds. The Abu Dhabi Investment Authority is worth $993 billion, Bloomberg reported in March, while the Saudi Public Investment Fund and the Kuwait Investment Authority are breathing down its neck.
Meanwhile, investment in transition-related stocks is on the decline, according to data reported by Reuters. The S&P Global Clean Energy Index is down by 10% since the start of the year. In comparison, the S&P 500 Energy Index, which comprises Big Oil names, has gained 16.3%.
The data shows that investors are growing wary of all the promises made by transition advocates as evidence mounts that these were not based on due diligence. Wind and solar stocks suffered a crash last year when this first became clear.
Now, we are witnessing a continued awakening among investors to the challenges and the realistic potential of transition technology and alternative energy sources.
“With conventional energy having its own bull run, I think the alternative funds will struggle for the foreseeable future, and we shall see what the election brings”,  the Managing Director of capital markets at Phoenix Capital Group Holdings told Reuters.
The comment summarizes the challenging situation for alternative energy investment and highlights the rebound of interest in oil and gas, much to the chagrin of decision-makers on both sides of the Atlantic.
In both Europe and the U.S., things can get even worse for the transition after the respective elections—in June for European Parliament and in November for U.S. President. It will certainly be an interesting year in energy.
Slav writes for oilprice.

By: Irina Slav

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CNG Initiative: FG Targets 25,000 Jobs, $2.5bn Investment 

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The Programme Director and Chief Executive, Presidential Compressed Natural Gas Initiatives, Michael Oluwagbemi, has announced the Federal Government’s plan to target over 25,000 jobs and $2.5 billion worth of investment by 2027.
Oluwagbemi made this known during the Presidential CNG stakeholders’ engagement workshop held at BOVAS Auto-Gas Filling Stations, Ajibode Bus-Stop, in Ibadan, Oyo State capital, at the weekend.
He stated that the initiative, which was part of palliative measures to ease the burden of the removal of fuel subsidy, would attract enormous investment and job creation as well as impact positively on the lives of Nigerians.
Meanwhile, he called on Nigerians to embrace the new initiatives by the Federal Government as part of palliatives to cushion the effect of the removal of fuel subsidy in the country.
“On October 1, 2023, when the President gave his speech, he announced that the Presidential CNG initiatives are going to be rolled out as part of palliatives on the removal of fuel subsidy.
“One of our major concerns is to make sure that the transition for the transportation sector is a cheaper, safer, and more reliable source of energy.
“In the coming weeks, we are going to be announcing the conversion incentives programme which will enable Nigerians currently using PMS and Diesel fuel vehicles to be able to convert their vehicles at designated places across the country at a discounted price based on certain pre-qualification under the palliative programme of the Federal Government”, he said.
On the value chain of the initiative, Oluwagbemi explained that the Federal Ministry of Finance is acquiring tricycles and buses that would be assembled and manufactured in Nigeria, with more than five automobile firms being activated.
“The value chain of the programme starts with every one of us. From the point of converting your vehicle, you have created the demand for natural gas.
“If your vehicle is converted by technicians and refuelled by autogas workshops across the country, then you are creating jobs for civil engineers and technicians. You’re creating jobs for the upstream in terms of upstream activities associated with oil and gas.
“And in line with the programme, the Federal Ministry of Finance is acquiring a number of tricycles and buses that will be assembled and manufactured in Nigeria. More than five of our automobile firms have been activated. So, you can see that in terms of job creation, the opportunities for Nigerians are enormous.
“The President has said we need to convert one million vehicles by 2027. We need 1,000 conversion shops and we need over 3,000 filing stations just like this. You can imagine the level of investment required for this.
“In order to sustain one million vehicle conversions by 2027, we need 25,000 technicians. So, the job creation potential is an opportunity for job creation in addition to our gross domestic product, $2.5 billion worth of investment to be mobilised in the next four years and of course more than $25 billion added to our GDP”, he said.
Oluwagbemi further called on Nigerians to embrace the new initiatives by the Federal Government as part of palliatives to cushion the effect of the removal of fuel subsidy in the country.
The representative of BOVAS Filling Station, a private investor in the Presidential CNG Initiatives, Temitope Samson, said, “We have worked with the regulators, we are also working with the Presidential Initiatives on CNG to make sure that standard safety is adhered to. We have also worked with the Standard Organisation of Nigeria to ensure that we have a standard accepted internationally.
“Our role is to ensure that there is availability of CNG across the nation, and to also ensure we have enough kits and tanks that are converted for people to use as many as possible, and to ensure safety and to train others so that anywhere they get to, they have very safe conversion”.
Recall that last year, President Bola Tinubu approved the Presidential Compressed Natural Gas initiative(PCNG-i)
This initiative aims to not only introduce more than 11,500 new CNG-enabled vehicles and provide 55,000 CNG conversion kits for existing vehicles that depend on Premium Motor Spirit but also promote local manufacturing, assembly, and job creation.

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