Phil Crothers

25 Flips | 3 Magazines | 2 Likes | 4 Following | @PhilCrothers | Keep up with Phil Crothers on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Phil Crothers”

Yemeni former president: Terrorism is the offspring of Wahhabism of Al Saud regime

Saudi Arabia’s assault against Yemen is in fact the assault of Wahhabi terrorists and Wahhabi terrorism have assaulted Yemen even before the …

Strategy for Saudi-Iran War to Come?

A 30-year-old prince disillusioned with the U.S. is running the show in Saudi Arabia—fighting Iran through proxies all over the map. Is there a …

2,300 years later, Plato’s theory of consciousness is being backed up by neuroscience

In 2008, neuroscientist Giulio Tononi at the University of Wisconsin-Madison’s Center for Sleep and Consciousness put forward his “integrated information theory,” which is currently accepted as one of the most compelling explanations about what consciousness is.<p>One of the central claims of the …

Consciousness

Can Mohammed bin Salman transform Saudi Arabia?

IT ALL began in 1985, when a young leader, groomed within the existing political elite but aware of its flaws, took power amid external threats, societal discontent and lower prices for oil, the state’s chief source of revenue. Mikhail Gorbachev launched perestroika thinking he could fix and, …

Saudi Oil Exports Fall to 6-Month Low as Refineries Buy Less

Saudi Arabia, the world’s biggest crude exporter, cut shipments in April to the lowest level in six months as overseas refineries bought less due to …

Attacking the ideology behind terror

<b>ANALYSIS/OPINION:</b><p>In the wake of the worst mass shooting in U.S. history since Sept. 11, 2001, it is pointless to debate whether the Orlando killings …

Saudi Arabia

What the Saudi Stake in Uber Means for the Unicorn Bubble

Uber has accepted a giant investment from Saudi Arabia’s sovereign wealth fund. This $3.5 billion dwarfs most private equity investments, and brings Uber’s fundraising total to $11 billion. The fund will be taking a board seat alongside other digital and finance luminaries.<p>What does it all mean? …

Iran's oil production is making a big comeback

In May last year, by way of comparison, Iran was exporting about 1.3 million bpd, according to Reuters.<p>Logistics were holding up Iranian exports, with tankers being a key problem and indications now that this has been partially resolved.<p>A week ago, Iranian officials announced that sanctions on the …

“A huge middle finger in the face of modern-day geopolitics”

<b>Barack Obama and Saudi Arabia's King Salman, April 21, 2016. (AP/Carolyn Kaster)</b><p>Senate bill allowing 9/11 families to sue Saudi Arabia could set a dangerous and uncontrollable precedent for U.S.<p>Maria Kari<p>May 22, 2016 3:59pm (UTC)<p>Restorative justice is an ambitious concept. It requires a perfect …

Saudi Arabia

AEP: Saudi financial crisis 'could leave oil at $25' as contractors face being paid in IOUs

Saudi Arabia faces a vicious liquidity squeeze as capital continues to leak out the country, with a sharp contraction of the money supply and mounting stress in the banking system.<p>Three-month interbank offered rates in Riyadh have suddenly begun to spiral upwards, reaching the highest since the …

Russia is freaking out about China's slowdown

So the jump in oil prices recently, while not nearly enough, is a huge economic relief for the world's largest oil-and-gas exporter.<p>The surge in oil prices has boosted the ruble, which plunged late last year and in early January. Now it is back at 69 rubles to the dollar, where it had been in …

Chinese Economy

Tesla’s Elon Musk: Time to ‘revolt’ against fossil fuel industry

Tesla Motors CEO Elon Musk predicted Wednesday that half of all new cars will have self-driving technology within seven to 10 years, while cautioning that the change will threaten the jobs of people who now drive for a living.<p>Speaking at the World Energy Innovation Forum, Musk also called for the …

Saudi Arabia faces collapse: America’s Middle Eastern ally may not survive this latest oil crisis

Petroleum accounts for 90 percent of the country’s economy. A depressed market has exposed its fragile fundamentals<p>Vijay Prashad<p>May 6, 2016 8:15am (UTC)<p>This article originally appeared on AlterNet.<p>Saudi Arabia is in serious trouble. The Binladin Group, the kingdom’s largest construction company, …

Saudi Arabia

Saudi Arabia names Khalid al-Falih energy minister to replace Naimi

DUBAI/KHOBAR, Saudi Arabia (Reuters) - Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995.<p>Saudi Arabia's Minister of Petroleum …

Oil

US strategy has drained ISIS's health, but no one is dealing the final blow

The committee, led by Republican Senator John McCain, asked a slew of questions revolving around the central matter of what's happening at the operational level, how it relates to strategic objectives, where all of this is supposed to be going, and how it's going to get there.<p>Carter and Dunford …

Saudi Arabia is on a drilling binge—and looks likely to again dominate global oil

Across the globe—in the US, Europe and China—oil companies big and small are scrambling to stay afloat, cutting expenses to the bone, and shelving flesh-and-muscle projects worth a collective millions of barrels a day in the future market. The likely repercussions include lower-than-expected profit …

Oil rig count falls to new 6-year low

The US oil rig count fell by 8 to 343 this week, according to driller Baker Hughes. That was the fifth straight weekly drop.<p>The tally of gas rigs fell by one to 88, taking the total down 9 to 431, a new low.<p>Last week, we saw the combined tally fall to a new low of 440. The oil rig count fell by 3, …

Oil

Through the Looking Glass: This Is Why The U.S. Still Backs Saudi Arabia

President Obama was once far more critical of the Saudi regime. Now he is trying to keep them onside despite their human rights record and links to …

Saudis are going for the kill but the oil market is turning anyway

The collapse of OPEC talks with Russia over the weekend makes absolutely no difference to the balance of supply and demand in the global oil markets. The putative freeze in crude output was political eyewash.<p>Hardly any country in the OPEC cartel is capable of producing more oil. Several are failed …

A massive strike has knocked half of Kuwait's oil production offline

Kuwait's oil workers walked off the job this weekend, flexing their muscles over a pay dispute. The state-owned Kuwait Oil Company took to Twitter to report the damage done by the workers strike, announcing that oil production fell to 1.1 million barrels per day on Sunday, a catastrophic …

Oil

We just got an ominous sign ahead of oil's most important meeting in decades

Major players except for Iran's oil minister, that is.<p>Iran's oil ministry announced on Friday that Oil Minister Bijan Zanganeh will skip the meeting in Doha, according to AFP, which cited the Shana news agency. The ministry added that Iran's OPEC representative will attend instead.<p>"Iran already …

Oil

Where America Gets Its Oil: The Top 10 Foreign Suppliers Of Crude To The U.S.

The past decade has seen a major shift in the U.S. crude oil market. As a result of the surge in domestic production that was largely enabled by hydraulic fracturing — a practice Democratic presidential candidate Bernie Sanders vows to ban and his rival Hillary Clinton promises to severely restrict …

The collapse in oil prices is causing Saudi Arabia to change its economy

A new report from The Atlantic Council finds that the extensive decline in oil revenues is focusing minds in Riyadh. The fiscal pressure is forcing "the kingdom's leadership to modernize the economy," the report concludes.<p>Saudi Arabia ran a fiscal deficit of about $98 billion in 2015, a figure that …

Oil