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Saudi Oil Minister Announces Russian-Saudi Petroleum Alliance

petroleum-alliance[source] Putin and Deputy Crown Prince Muhammad bin Salman

Russian-Saudi thaw. Last year September there were rumors/conspiracy theories that the oil price crash was the work of Saudi-Arabia, that had turned the tap open full blast after instructions consultations with US foreign minister John – where’s my bike? – Kerry. Purpose: hurt Russia with low oil prices.

Whatever the truth of that, those were the days that are no more [Alfred, Lord Tennyson]. This is 2015 and Saudi Arabia is a little bit angry with the US, that all of a sudden plays nice with Iran. And what do jealous lovers do? Right, they pick up the phone and call an old lover, the one lover Saudi-Arabia knows the US hates most: Ivan, just to rub it in.

The two new found partners inked six deals concerning oil cooperation, space cooperation, peaceful nuclear energy cooperation, and nuclear technology sharing.

Oil Minister Ali al-Naimi made an interesting remark:

“I am optimistic about the future of the market in the coming months in terms of the continuing improvement and increasing global demand for oil as well as the low level of commercial inventories.” This, the minister said, “is expected to improve the level of prices.”

“Improving oil prices” from the point of view of oil producers probably means “increasing oil prices”.

Editor: we hope and also expect that oil prices will increase soon, because peak oil is finally upon us. We need higher oil prices to ensure that sun and wind remain competitive and that the transition momentum doesn’t stall. And furthermore we want to see a Russia with a full purse, if necessary at the cost of Europe. Not because we are traitors to the European cause, we are merely traitors to the West, which we want to see blown up, to pave the way for Paris-Berlin-Moscow and the resurrection of European civilization at the end of the age of globalism and Anglo-Soviet 20th century. And old, ‘backward Russia’ all of a sudden has found new strength and has become European avant-garde.

[rt.com] – Russia and Saudi Arabia ink nuclear energy deal
[brookings.edu] – Saudi’s star prince keeps rising, visits Putin in Petersburg
[russia-insider.com] – Saudi Arabia and Russia Ink Six New Deals, Embark on New ‘Petroleum Alliance’

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