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Member Of Billionaire Saudi Prince's Entourage Found Guilty Of Rape At The...
Mustapha Ouanes, a member of the entourage of Saudi royalty Prince Abdul Aziz bin Fahd, was found guilty on Wednesday of raping a woman at the Plaza Hotel who fell asleep in his bed after a night of...
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UPDATE: Saudi Officials Deny Reports Of Pipeline Explosion After Crude Oil...
Earlier, Zero Hedge cited reports that a Saudi oil pipeline had exploded—both from Iranian Press TV as well as a blog titled The Arab Digest. Immediately following Zero Hedge's report, the price of...
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REPORT: The Swedish Government Is Secretly Helping Saudi Arabia Build An...
Secret documents discovered by Sverige Radio have revealed that the Swedish government has been working with Saudi Arabia to build an advanced weapons factory in the country. The radio station says...
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As Soon As Next Year, America Could Become The World's Leading Energy Producer
Today's big report from Citi validates what energy bulls have been saying for years. America is becoming an energy superpower again, and this could be great for the economy. One particular chart from...
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SAUDI PETROLEUM MINISTER: Oil Supply Is Not A Problem
Oil prices have arguably replaced Europe as the biggest risk to global markets right now. Talks of a possible supply shock centering on geo-political issues in Iran has kept crude oil above $100 for a...
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Sweden's Defense Minister Has Resigned Over The Saudi Arms Deal
Sweden's defence minister has resigned after facing criticism over clandestine plans to build a weapons plant in Saudi Arabia, the BBC reports.Sten Tolgfors "resigned at his own request", a...
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T. BOONE PICKENS: Oil Could Surge To $148 By Summer
Legendary oil man T. Boone Pickens warns supply constraints could send oil prices back to all-time highs by this summer. Pickens sent this warning to CNBC's Larry Kudlow today. “I don’t know how much...
View ArticleDoes The US Really Have More Oil Than Saudi Arabia?
[This post by Robert Rapier is republished with permission from The Oil Drum.] The Difference Between Oil Shale and Oil-Bearing Shale People are often confused about the overall extent of U.S. oil...
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Look Who's Buying The World's Most Expensive Private Jet—For $500 Million
The most expensive private jet ever created—an A380 double-decker from Airbus, is on track to be delivered this year. The buyer? Billionaire Saudi Prince Alwaleed bin Talal, an investor with a thing...
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Saudi Arabia May Have Just Saved Egypt From Catastrophe By Giving Them $1...
CAIRO, Egypt -- Saudi Arabia has deposited $1 billion at the Egyptian central bank, helping stave off alarm over dwindling foreign currency reserves and boosting the government's case for a...
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Meet The Saudi Jihadis Starting A New Life (With The Help Of Government...
When Khalid Suliman al-Jhari stands up to speak in his freshly pressed white thobe (a traditional Arab tunic), he doesn't look like a hard-core jihadi who scurried around Tora Bora with Al Qaeda in...
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Barton Biggs Spoke With A Well-Connected Businessman Who Says Saudi Arabia...
Barton Biggs, the storied hedge fund manager who runs Traxis Partners, recently had an interesting encounter recently over lunch with a Saudi businessman who explained to him the real motivations...
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Paris Hotel Staff Say A Saudi Princess Tried To Skip Out On A $7.7 Million Tab
A Saudi princess was stopped trying to leave a Paris hotel, along with her 60-person entourage, without settling a six million euro ($7.7 million) bill, French media reported. According to the French...
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If It's Any Indication, The Saudi Market Had A Pretty Big Day
It's still several hours until markets open on Monday, and we get to see the reaction to the Spain news. We're not sure how much of an indication it is for the rest of the world, but... The Saudi...
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Here Are The Breakeven Oil Prices For The World's Major Oil Exporters (USO)
Deutsche Bank's emerging markets research desk has updated their estimates for the prices of oil per barrel that various oil-producing countries need in order to "break even" on budgets. In a note to...
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Saudi Arabia's Prince Who Cracked Down On Al Qaeda Has Died
The Crown Prince of Saudi Arabia, Prince Nayef, has died, the Wall Street Journal reports. He was in his 70s. Prince Nayef was among the most conservative members of the Al Saud family and heir to...
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Saudi Arabia's Largest Oil Field Has Entered Inescapable Decline
There is a growing impression being given in the discussion of oil and natural gas supplies that the world is moving into a period where there will soon be such a plentiful sufficiency of crude that...
View ArticleThe US Can Produce As Much Oil As Saudi Arabia
Michael Levi, Senior Fellow at the Council on Foreign Relations, just published a great extensive feature in Foreign Policy magazine on oil and energy in the United States. Levi explains in the video...
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Kenya Has Banned Its Citizens From Going To The Middle East For Domestic Work...
The horror stories that foreign domestic workers bring back from the Middle East have become notorious. One woman returned with 24 nails and needles in her body. Another woman came back with a broken...
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The Saudi Resource Curse Is Worse Than Ever
The big question for oil-rich Gulf States is whether they can avoid the resource curse. This is a phenomenon where countries with a overwhelmingly valuable commodity become inefficient, as other areas...
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