As world leaders gather for the G20 summit, oil is at the top of the list of issues. Scholar Vijay Prashad discusses with TRNN’s Ben Norton the fight between the US, Russia, China, and Saudi Arabia over price and production, and notes India is in talks with Crown Prince MBS.
Visit https://therealnews.com for more stories and help support our work by donating at https://therealnews.com/donate.
** (Disclaimer: This video content is intended for educational and informational purposes only) **
Oil is black gold came from under water, this is the gold which Rasool Allah peace be upon him has forbade us Muslims to use it or even touch it, because if you depend on oil then you will become lazy and you will forget the life after dead.
Brazil is now an international dwarf colony of the Empire.
Go solar and leave the oil in the ground! The environment is more important than oil.
.. a "buyer's club"…????…..( crafty- why didn't we ever think of that… )
Thanks
You people act as if we haven't had low oil prices as recently as a few years ago.
They come to the table over oil, but not over renewables 🙁
How do you get your hair to look like that? I mean is it a wig? toupee? plugs?
Leaders attended G20 summit really plan to trade with China such an immoral country without any human rights and fairness or integrity? China is a country full of fake goods, poison air and food, casual sex, premarital pregnancy, abortions, abandon baby, maltreat children, poverties without work and walfare can only rape homeless or psychosis women then born baby again and again without any plan, then several months' babies abducted and trafficked for ear and genital mutilation, the whole national is like a fire hell on earth !!!
I will give the benefit of a doubt if Bin Salman give me a free tank of gas..
Saudi Prince and Putin seem a little too chummy. Then again isn’t it the Saudi bombing and the Russian bombing on Yemen and Syria. That’s nothing to be smiling about.
Adnan Khasoggi to Jamal Khasoggi.
There is controversy about the Kashoji's murder having been ordered by the prince, although, the past Saudi Royal Family had been close with this reporter, and there are US Intelligence interests in reinstating the Saudi establishment. So, there may have been a "set-up". This I got from an interview on CounterPunch, I believe, otherwise, here at The Real News Network.
he is a pos!! i hate him so much for what he has done to yemen and how he sides with isreal, but it looks like mbs will be going the way of saddam hussain, gaddoffi, and osama bin laden!!
All of this is yet another reason for countries to develop their own renewable energy infrastructure. This conflict now is very small beer compared to what will happen when oil starts running out.
Below a commenter expressed the view that if we just stop burning oil, there will be no further need for it. This is fundamentally mistaken as food production is dependent on oil for fertilizer and petrochemical pesticides and herbicides. We are, in our current populations, literally made of oil. There are other even more limited resources required for agriculture such as phosphorous and perhaps nitrogen which while present in high concentrations in the atmosphere, the usable forms are more scarce. So while there would be many health and perhaps climatic benefits from not burning oil (in the long run though perhaps too long a time required to see a positive return for those alive today), ultimately our fate is likely sealed by developing phosphate scarcity.
Really than it will need an additive to make it less so..it could be done and won't be the suffocating bomb it will be if we dont.
There is no reason why anybody should respect unilaterally declared US sanctions against anyone! Shame on all those spineless, corrupt "World Leaders" that bow to US imperialism!
Just as one does not judge an individual by what he thinks about himself, so one cannot judge such a period of transformation by its consciousness, but, on the contrary, this consciousness must be explained from the contradictions of material life, from the conflict existing between the social forces of production and the relations of production. https://www.marxists.org/archive/marx/works/1859/critique-pol-economy/preface.htm
So really it's all about the money, and the rest is lies!!!
Not world leaders, just representants of each countries conglomerate of oligarchs.
Lowest price of gasoline currently $2.19 a gallon here.
Hey Ben… love the hair…. please see a barber or stylist.
All puppets.. the council of 300 and the trilateral commission dictate where the lines are drawn.
Hmmm… BRICS-Brazil, Russia, India, China and South Africa could kill the US petrodollar.
It is all about the Money and power. Humanity and human Life has No value, when it comes to the Personal economical interesst 😞😳
Who is the ultimate beneficiary of destabilized crude oil markets?
If people really think Saudi Arabia is worried about profit I mean what are you smoking man. The people in charge of Saudi oil are rich beyond belief. I think they're more in the mindset of expanding their empire now that they are so rich over making a few billion dollars more. These are people that control global markets on a whim you have to think larger than financial gain when trying to figure out what motivates these people
I was pleased to see this discussion, but I did feel a sense of Davos manipulation. The vololatility of the oil market is going to be the Mother Of All Bombs, and it will hit very soon. Which country will be the first to take a militaristic approach and adopt the Windyday Concept and build battery factories on a major scale. Here in Europe everyone is talking about electric vehicles as if they have smoked real strong weed. When it is time to change, they will appear. Can you imagine a future when China shuts down it's exports of batteries? We would all be fucked.
I would like to contrast this video with those coming out of Poland next week.
BTW the Windyday Concept was just an idea that the OECD and the IEA agreed on in 2010 to have 40% EV by 2017. Davos and the Oil Lobby blocked the implementation in Europe and America. Switzerland has made negative progress for their charging infrastructure in the last two years.
India trying to import oil from Saudi Arabia is just not practical. I believe they're just exploring options publicly to get the US off their back for dealing with Iran Iran is the closest supplier they party and pipelines run and it's really the only logical option for India. if you want to know the truth behind the middle East and all of the wars are ABS in that land just follow the pipeline's follow the oil it's that simple. not just where the oil was drilled but where it's moved how it's moved from A to B.