Is There an Oil Freeze in the Near Future?
An agreement, or an actual limit which is complied with? Because there is zero chance of the latter. The 900 lb. gorilla in the room is the fact that Iran, and the Sunni/Wahhabi states lead by Saudi Arabia are in an existential proxy war. This is happening more in Africa right now, but it is also happening in places on the Arabian peninsula, and other places in the Middle East. None of the players can afford to cut production and allow the others to bank oil dollars. Also Saudi has no economy outside of oil, and Iran knows this, and so wants to make as much from oil as possible. Saudi will be hurt more by low oil prices than Iran.
Expect if an agreement is reached, that none of the parties will follow it.
If they were to follow it, the US shale oil, and Canadian oil producers are well situated to capitalize on any price increase. I expect an oil production limit would be at best a cash wash for the producers so limiting.
Britain faces a nasty shock when the global energy cycle turns
Ambrose Evans-Prichard notes, "Britain's energy industry is dying. While the US is striving for self-sufficiency in fuel and power as a primary goal of strategic security in a dangerous world, this country has acted with strange insouciance.
More after the break.
Pope says Islam is not terrorism
He then goes on to establish without doubt that he has the analytical skills of a hamster. "If I have to talk about Islamic violence I have to talk about Christian violence. Every day in the newspapers I see violence in Italy, someone kills his girlfriend, another kills his mother-in-law, and these are baptized Catholics." What a dimwit.
More below the fold.
In the Immortal Words of Daniel Pipes…
Read the whole thing, but also click through to the underlying article, it has a bit more to offer.
Pipes and I are approximately on the same page. I think the war of reformation will happen between the Shia primarily Iran, and the Sunni, primarily the House of Saud. I think the former are more likely to success, but that is yet open for debate. Regardless, both need to be reformed in heat of the reformational forge. Until they are there is danger of a serious conflict involving not just the Islamic nations, but the West and others as well.
German mandatory Islam courses: Now German's will know exactly why the Islamist are sawing off their heads!
German Officials Call for Compulsory Islam Classes in Schools After ISIS Axe Attack on Train
This is bonkers. Perhaps a difficult to pass course on German law, customs, religion, and society would be better. Anyone who cannot pass is out. Either the Germans or the refugees will assimilate, choose carefully.
Iran’s Kurds Now Growing Restless
This should have happened back in the early 1990s but fate and poor US leadership has kept it at bay till now. This is a tragedy for the families, and people involved, but the only way that the greater tragedy, radical Islam, will be vanquished is by an Islamic Religious Reformation.
More after the break.
Abbas Goes Off Deep End, And Even the NYT Can’t Overlook It
Hate always will out, it is too powerful to contain.
With shark attacks at an all-time high, humans become the hunters
Are you the shark, or the fin soup? Piss us off enough, and you will find out.
Light reading if you're unsure.
Carnage and Culture: Landmark Battles in the Rise to Western Power by Victor D. Hanson