US’s Saudi Oil Deal from Win-Win to Mega-Loose

Who would’ve thought it would
come to this? Certainly not the Obama Administration, and their
brilliant geo-political think-tank neo-conservative strategists. John
Kerry’s brilliant “win-win” proposal of last September during his
September 11 Jeddah meeting with ailing Saudi King Abdullah was simple:
Do a rerun of the highly successful State Department-Saudi deal in 1986
when Washington persuaded the Saudis to flood the world market at a time
of over-supply in order to collapse oil prices worldwide, a kind of
“oil shock in reverse.” In
1986 was successful in helping to break the back of a faltering Soviet
Union highly dependent on dollar oil export revenues for maintaining its
grip on power.

So, though it was not made public, Kerry
and Abdullah agreed on September 11, 2014 that the Saudis would use
their oil muscle to bring Putin’s Russia to their knees today.

It seemed brilliant at the time no doubt.

On the following day, 12 September 2014,
the US Treasury’s aptly-named Office of Terrorism and Financial
Intelligence, headed by Treasury Under-Secretary David S. Cohen,
announced new sanctions against Russia’s energy giants Gazprom, Gazprom
Neft, Lukoil, Surgutneftgas and Rosneft. It forbid US oil companies to
participate with the Russian companies in joint ventures for oil or gas
offshore or in the Arctic.

Then, just as the ruble was rapidly falling and Russian major co
First appeared: http://journal-neo.org/2015/08/08/us-s-saudi-oil-deal-from-win-win-to-mega-loose/