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Saudi Arabia, Peak Oil, The CIA, & The Bush Team

( by Michael Ruppert, fromthewilderness.com, 9 June 2004)

Given that energy is becoming the most important issue on the planet today, if you were the CIA, you might be a little pissed off at the Plame leak. But there may be justification to do more than be angry. Anger happens all the time in Washington. This is something else.

One of the most important intelligence prizes today - especially after recent stories in major outlets like the New York Times reporting that Saudi oil production has peaked and gone into irreversible decline - would be to know of a certainty whether those reports are correct. The Saudis are denying it vehemently but they are being strongly refuted by an increasing amount of hard data. The truth remains unproven. But the mere possibility has set the world's financial markets on edge. Saudi Oil Minister Ali Naimi came to Washington on April 27th to put out the fires. It was imperative that he calm everybody's nerves as the markets were screaming, "Say it ain't so!"

Naimi said emphatically that there was nothing to worry about concerning either Saudi reserves or ARAMCO's ability to increase production. There was plenty of oil and no need for concern.

FTW covered and reported on that event. Writer and energy expert Julian Darley noted that there were some very important ears in the room, listening very closely. He also noted that Naimi's "scientific" data and promises of large future discoveries did not sit well many who are well versed in oil production and delivery.

[See FTW's June 2nd story, "Saudi's Missing Barrels" and our May 2003 story, "Paris Peak Oil Conference Reveals Deepening Crisis." In that story FTW editor Mike Ruppert was the first to report on credible new information that Saudi Arabia had possibly peaked.]

If anybody has the real data on Saudi fields it is either ARAMCO or the highest levels of the Saudi royal family.

The answer to the Saudi peak question will determine whether Saudi Arabia really can increase production quickly, as promised. If they can't, then the US economy is going to suffer bitterly, and it is certain that the Saudi monarchy will collapse into chaos. Then the nearby US military will occupy the oilfields and the U.S. will ultimately Balkanize the country by carving off the oil fields - which occupy only a small area near the East coast. That U.S. enclave would then provide sanctuary to the leading members of the royal family who will have agreed to keep their trillions invested in Wall Street so the US economy doesn't collapse.

So far the Saudis haven't had to prove that they could increase production due to convenient terror attacks at oil fields, and more "debates" within OPEC.

posted by moshido praxis 8:01 PM