Yes, it is not new, I had my go on this a few times, yet due to what we see now, after three days, it is time to renew this event. It started basically in 2014, the Yemen war became something serious and the west had no idea how to react. They reacted poorly and to make matters worse, events driven by Iran was kept out of the news. The people got a one sided story. Over time weapons sales went stale, were blocked and the defence of the Kingdom of Saudi Arabia was a setting of debate by people who had no clue what was going on, because the ego trippers needed their Iran peace accord through a nuclear deal, something that even now is still not done. Matters became worse when the west decided to spin the events around Jamal Khashoggi in October 2018. So even as the press al invoked “By 16 November 2018, the Central Intelligence Agency (CIA) had concluded that Mohammed bin Salman ordered Khashoggi’s assassination.” In this that the CIA stated that is was highly likely that this had happened, but no evidence was EVER brought to light. No evidence that could survive the rigours of academic investigations. The essay by the United Nations did not help any, that is for certain. Then we get the hack of Jeff Bezos, a disgracefully inadequate report by FTI Consulting. It is important to take notice of the Verge (at https://www.theverge.com/2020/1/23/21078828/report-saudi-arabia-hack-jeff-bezos-phone-fti-consulting) that also gives us “Facebook’s former chief security officer Alex Stamos, for example, said that there was “no smoking gun” in the report. Some researchers said that FTI should have been able to analyze the encrypted file that the crown prince sent Bezos which reportedly hacked his phone. And one said he didn’t see evidence in the report to suggest that Bezos’ phone was hacked.” I believe that Jeff got hacked, but there is no clear evidence WHO did the job, but there were some wannabe reporters that were really happy to blame the Crown Prince of Saudi Arabia. Even though several newspapers earlier that week showed that certain hacks allowed people to pretend they were someone else, and that too is missing from the FTI report.
So we have all these negativity, projected on the Crown Prince of Saudi Arabia and now the US wants a favour? You have got to be shitting me!
So we get back to the article where we see “Why should America’s regional allies help Washington contain Russia in Europe when Washington is strengthening Russia and Iran in the Middle East?” And this is the larger folly, a stage where the wrong people cater to Iran, all whilst they require other stuff too, but you cannot get it both ways and now that China is stepping in gobbling up billions upon billions in sales and services, we see the US in a stage of denial. They now need cheap oil, all whilst the two largest suppliers are set to the mind that premium prices will do just as well. And I warned for these situations for years, but everyone was in denial. It would never come to that and now that it is coming to that, the US, the EU and others are in denial on what is required. So at present the oil prices are on the rise, just for how long is impossible to say, yet we also acknowledge that reserves are being used to stop the rise. Just how long until that stops? What do you think will happen when the reserves are gone, because most nations do not have that much in reserve. They can avoid the winter this year, but that will drain the reserves and even as they can build up some of those reserves during summer, winter 2022 will show to be the year that people will need to choose, be warm, avoid hunger and pay rent/mortgage and there is every consideration that many households will only be able to do one of the three, two if they are lucky.
That is the direct impact of catering to the populist view, the price of adjusting one view for another, one deciding on what was likely, not what could be proven, ignoring what was proven (Iran attacks) and catering to something that is still not a reality (Iranian nuclear agreement) and Iran has clearly been catered to and now the kingdom of Saudi Arabia and the UAE are telling you all that enough is enough. You want oil at a premium, you got it and at a premium means that within the next 12-15 weeks oil prices might get back to the $130 marker, at that point, how much will it cost you to get groceries, to get to work, to get home and to refuel? All that whilst these two nations are now looking at China to deliver defence systems. Slap upon slap upon slap and now 19 hours ago we were given ‘Iran Says U.S. Is Responsible for Stalled Talks on Reviving Nuclear Deal’, another fiasco and the involved political players are all in hiding as not to get painted with that fiasco. So when you wonder what happened to the oil prices, it is simple. Your government royally screwed up and gave you the bill for their failure.
So good luck with that.