Phil Butler
New Eastern Outlook
The Wall Street Journal is the perfect example of a state and corporate controlled counter-information service. A report recently attempts to characterize the Saudi war on the Yemeni people as having little to do with oil. Nothing my friends, nothing could be further from the truth. The Saudis need untapped reserves Yemen currently controls. Here’s a look at the real reason for the genocide in Yemen.
‘Yemen doesn’t produce a lot of oil, but there are reasons why oil markets would react to military action there. Why? Here’s the short answer, ‘ this is the ‘lead’ for an unnamed WSJ author shifting the blame for a war for profit. The story is bait, counter-intuitive and blurb-ish, but just enough to get Americans thinking in the right direction.
‘Right’ that is, if you’re Rupert Murdoch’s newspaper. But the reality underneath is all about Murdoch and his cronies’ investments in the region, and nothing to do with geo-strategic tanker routes.
The WSJ wants investor types who read the paper to believe oil prices surged a bit last week because of the ‘fear’ a ‘strategic choke-point’ known as the Bab el-Mandeb Strait might be clogged if the Yemen chaos spilled over into Saudi Arabia. Well, there’s no danger of that given the fact the Saudis are bombing Yemen back into the Stone Age using US weaponry.
Another potential though, does implicate the Bab el-Mandeb Strait, as well as Somalia across the waters from the Saudis. Our past research has shown clearly, the fact Saudi Arabia and most of the OPEC nations have already reached the oil supply tipping point, the so-called ‘peak oil’ paradigm.
This post was published at 21st Century Wire on APRIL 12, 2016.
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