Syria Threatens To Attack The Golan Heights And Israel Prepares For War

By Michael Snyder _Re-Blogged From Freedom Outpost

The winds of war are blowing once again, and it isn’t going to take much to spark a major conflict in the Middle East.  This week is the eighth anniversary of the beginning of the civil war in Syria, and after the nightmare that the people of Syria have been through, you would think that the Assad regime would be eager for peace.  But instead, Assad appears to be ready to go for broke.  If Syria can spark a Middle East war that results in the complete destruction of Israel, Assad would be remembered as a hero in the Islamic world forever.  Instead of a legacy of civil war and crushing poverty, Assad’s legacy would be one of wartime leader that brought total victory over Syria’s most hated enemy.  But of course, such a conflict would be a huge risk because if it went badly the city of Damascus would be completely flattened and the nation of Syria as we know it today would be entirely destroyed.  And considering how overwhelmingly powerful the Israeli military is, it would seem to be a very foolish risk to take.  Unfortunately, Assad does not appear to be thinking rationally.  On Thursday, Syria officially threatened “to attack Israel unless it withdraws from the Golan Heights”.  The following comes from the Jerusalem Post

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The Dollar – King Rat Of Failing Currencies

BY Alasdair Macleod – Re-Blogged From Gold Eagle

The explanation for the sudden halt in global economic growth is found in the coincidence of peak credit combining with trade protectionism. The history of economic downturns points to a rerun of the 1929-32 period, but with fiat currencies substituted for a gold standard. Government finances are in far worse shape today, and markets have yet to appreciate the consequences of just a moderate contraction in global trade. Between new issues and liquidation by foreigners, domestic buyers will need to absorb $2 trillion of US Treasuries in the coming year, so QE is bound to return with a vengeance, the last hurrah for fiat currencies. However, China and Russia have the means to escape this fate, assuming they have the gumption to do so.

Introduction

It may be too early to say the world is entering a significant economic downturn, but even ardent bulls must admit to it as an increasing possibility. Financial analysts, both bovine and ursine, face a complex matrix of factors when judging the future effect of any downturn on currencies, and of the prospects for the dollar in particular.

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America is Set to Surpass Saudi Arabia in a ‘Remarkable’ Oil Milestone

By Matt Egan – Re-Blogged From CNN Business

Move over, Saudi Arabia. America is about to steal the kingdom’s energy exporting crown.

The United States will surpass Saudi Arabia later this year in exports of oil, natural gas liquids and petroleum products, like gasoline, according to energy research firm Rystad Energy.
That milestone, driven by the transformative shale boom, would make the United States the world’s leading exporter of oil and liquids. That has never happened since Saudi Arabia began selling oil overseas in the 1950s, Rystad said in a report Thursday.
“It’s nothing short of remarkable,” said Ryan Fitzmaurice, energy strategist at Rabobank. “Ten years ago, no one thought it could happen.”

Trump’s ‘Energy Dominance’ Agenda Is Breaking Russia’s Grip On Poland

By Tim Pearce From The Daily Caller – Re-Blogged From WUWT

Tim Pearce | Energy Reporter

Natural gas from the U.S. is flooding Polish markets as the European country seeks to loosen Russia’s grip on its energy security, The New York Times reports.

Russia supplies roughly half of Poland’s fuel, but long-term contracts with American companies signed by Poland’s state-owned gas giant PGNiG could displace all of Russia’s supply. U.S.-based companies Cheniere Energy, Venture Global LNG and Sempra Energy have all signed agreements with Poland in the last six months.

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France Just Saved Nord Stream 2?

By Dave Keating – Re-Blogged From Forbes

A ceremony marking the start of Nord Stream pipeline construction in 2010 (Dmitry Lovetsky, ASSOCIATED PRESS)

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American Energy Boom

By Michael Bastasch – Re-Blogged From WUWT

President Donald Trump touted booming American energy production and exports during his State of the Union Address Tuesday night to thunderous applause, but not from Democrats.

“We have unleashed a revolution in American Energy – the United States is now the number one producer of oil and natural gas in the world,” Trump said. “And now, for the first time in 65 years, we are a net exporter of energy.”

Republicans stood up and cheered the news, while Democrats stayed in their seats. However, Democratic West Virginia Sen. Joe Manchin applauded Trump’s touting of booming American energy production.

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U.S. Set To Pump More Oil Than Russia And Saudis Combined

In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025.

In Rystad Energy’s base case oil price scenario, US liquids production is forecast to surpass 24 million barrels per day over the next six years, thereby outpacing the combined output from Russia and Saudi Arabia.

oil rigs

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