Has Washington just shot itself in the oily foot?, by William Engdahl

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(William Engdahl – NEO) – By now even the New York Times is openly talking about the secret Obama Administration strategy of trying to bankrupt Russia by using its oil-bloated Bedouin bosom buddy, Saudi Arabia, to collapse the world price of oil. However, it’s beginning to look like the neo-conservative Russia-haters and Cold war wanna-be hawks around Barack Obama may have just shot themselves in their oily foot. As I referred to it in an earlier article, their oil price strategy is basically stupid. Stupid, as all consequences have not been taken into account. Take now the impact on US oil production as prices plummet.

The collapse in US oil prices since September may very soon collapse the US shale oil bubble and tear away the illusion that the United States will surpass Saudi Arabia and Russia as the world’s largest oil producer. That illusion, fostered by faked resource estimates issued by the US Department of Energy, has been a lynchpin of Obama geopolitical strategy.

Now the financial Ponzi scheme behind the increase of US domestic oil output the past several years is about to evaporate in a cloud of fictitious smoke. The basic economics of shale oil production are being ravaged by the 23% oil price drop since John Kerry and Saudi King Abdullah had their secret meeting near the Red Sea in early September to agree on the Saudi oil price war against Russia.

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‘PRO-DEMOCRACY PROTESTS’ IN HK, by Andre Vltchek

Westerners mingle with local protesters. Many questions and much incomprehension, side by side.
Westerners mingle with local protesters. Many questions and much incomprehension, side by side.

For decades Hong Kong has been a turbo-capitalist, extremely consumerist, and aggressive society. Its people are facing some of the most unrealistic prices on earth, particularly for housing…

What is it? It is not orange or green, and definitely not red!  It has an umbrella as its symbol. ‘That humble umbrella’, as many people in Hong Kong are often saying.

But is it really benign?

We are talking, of course, about the ‘democracy protests’ in Hong Kong, also known as ‘the Umbrella Movement’; the latest addition of the ‘popular uprisings’ promoted by the West!

 Superman ready for anything. Good photo op for Western  cameras.

Superman ready for anything. Good photo op for Western cameras.

At the North Point in Hong Kong, near Kowloon Ferry, a middle-aged man is waving a banner that reads “Support Our Police”. On the photo, the tents and umbrellas of the ‘pro-democracy’ ‘Occupy Central’ protest movement (also known as the ‘Umbrella Movement’) are depicted in sepia, a depressing color.

“Are you against the protesters?” I ask the man.

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