Tiny Bahrain’s Big Oil Discovery Will Boost the Country’s Fortunes – Eventually

Re-Blogged From Stratfor

Highlights

  • Bahrain’s discovery of the Khaleej Al Bahrain oil and gas field has the potential to make a material change in the country’s financial crisis, but there are roadblocks.
  • It will be five to 10 years before production begins in substantial volumes, it will be expensive, and it’s not clear how much of the oil and gas can be recovered.
  • In the meantime, Bahrain will use the long-term potential of increased oil and gas production — and the state revenue that comes with it — to attract new investment.
  • An increase in oil revenue will allow the country to boost some of the social services that it provides to its restive population and reduce the need for painful economic adjustments.

A map shows the location of Bahrain in the Middle East.

(200MM/iStock)

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Clinton & Islamic State Funded By Same Money

By Tim Brown – Re-Blogged From Freedom Outpost

In a segment of the John Pilger Special which airs Saturday on RT, Wikileaks Founder Julian Assange will accuse Hillary Clinton of deceiving the America people about the scope of support that Middle East allies in Washington, DC have for the Islamic State.

As we have already reported, Assange’s Wikileaks dumped emails in which Hillary Clinton admitted that both Qatar and Saudi Arabia backed the support of the Islamic State.

In referencing that email, he said, “I think this is the most significant email in the whole collection.”

“All serious analysts know, and even the US government has agreed, that some Saudi figures have been supporting ISIS and funding ISIS, but the dodge has always been that it is some ‘rogue’ princes using their oil money to do whatever they like, but actually the government disapproves,” he added. “But that email says that it is the government of Saudi Arabia, and the government of Qatar that have been funding ISIS.”

See Video Interview with Julian Assange:

https://www.rt.com/news/365299-assange-pilger-saudi-clinton/video/

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