Saudi Arabia and the Opec nations have decided to push down the price of oil this is designed to bankrupt the oil opposition and is another stage in the war over Syria. Guest Post: Is The US Going To War With Syria Over A Natural Gas Pipeline? nothing ever happens in a vacuum and the big players are all involved in this financial conflict. Everything as usual though centers around Syria. If Assad was about to be over run and beaten it would trigger ww3 Russia allied with Iran would come running in all guns blazing and so would the Iranians. Turkey and the Saudis who want the oil pipeline deal to go through (click article above)are funding and helping ISIS and all manner of rogue jihad’s who were trained by the western nations namely Britain and America in Jordon. Israel is also involved in all of this its country barely touched by a mad dog jihadi group who you would think would make them their first target(i wonder why).  We have already seen a scenario where WW3 was avoided in 2013 by a whisker when the British parliament voted against military action in syria the first time this has happened in 500 years. Obama and David Cameron were left looking weak with egg on their faces. The British  and American fleets were stood down after being faced down by the Russian and Chines ships in a Mediterranean stand off .  At the time Putin declared if one missile hit Syria it would be war(the missiles thye had given the Iranins could sink all allied ships  the the water there in 6 minutes. War or WW3 was averted but only just.

So the western Powers  invented Isis and began a proxy war and here we are at the next stage. Saudi Arabia want to Impoverish oil producing nations with a falling oil price which may force Russia into a corner and come out fighting as Russian GDP with the Sanctions and falling oil and gas prices may fall 50% and bankrupt the country. The west was able to to this before but it wont happen again.  So here we are

Oilfield Writedowns Loom as Market Collapse Guts Drilling Values



Tumbling crude prices will trigger a flood of oilfield writedowns starting this month after industry returns slumped to a 16-year low, calling into question half a decade of exploration.

With crude prices down more than 50 percent from their 2014 peak, fields as far-flung as Kazakhstan and Australia are no longer worth pumping, said a team of Citigroup Inc. (C) analysts led by Alastair Syme. Companies on the hook for risky, high-cost projects that don’t make sense in a $50-a-barrel market include international titans such as Royal Dutch Shell Plc (RDSA) and small wildcatters like Sanchez Energy Corp.

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