The Real Reason Riyadh Raises its Already High Oil Output
Kayhan Int’l Staff Writer
Why is Saudi Arabia so keen to increase its already ten-million barrels per day of crude oil output, which in itself is an unwarranted and unrequired quota in view of the fact that neighbouring Iran with a more than double population, with all its individual and industrial needs, produces less than four million barrels per day?
This question is flashing across the minds of most people around the world in view of the 174th meeting of the Organisation of Petroleum Exporting Countries (OPEC) to be held on Wednesday June 22 at the consortium’s headquarters in Vienna, where major non-OPEC producers, such as Russia, will also be present.
Answers may differ, depending on a person’s, especially of an analyst’s degree of acquaintance with the current world situation of demand and supply, political perspectives, and ability to forecast future events, as three of OPEC’s founding members – Iran, Iraq and Venezuela – have vowed to veto any bid by fellow founding member Saudi Arabia to increase its output that would badly upset the international market where the 14 member states account for an estimated 44 percent of global oil production.
According to OPEC rules, any increase in quotas should have a unanimous decision, the absence of which legally bars a member state from producing beyond its allotted share, although lawless members – Saudi Arabia in particular – have pumped more than their share on the instructions of chief saboteur US, in order to produce a glut and shatter the oil price, so as to undermine the economy of other member states, especially that of the Islamic Republic of Iran.
In view of these facts, on Monday, Hussain Kazempour-Ardebili, Iran’s representative to the OPEC, told the media that any increase in current production levels would be against a deal that OPEC and non-OPEC producers reached in 2016. He was referring to Russia’s commitment to cut its supply in order to push prices up following a crash induced by a global crude production glut.
Kazempour-Ardebili, taking note of US mischief around the world and the total subservience of Riyadh to Washington, cautioned Moscow against backing any bid to increase production, following the recent talks in this regard between President Vladimir Putin and Saudi Heir Apparent in the Russian capital on the sidelines of the Football World Cup.
He said: "We call upon our brothers in OPEC and Russia that we do not need to appease (US president Donald) Trump, who sanctions two OPEC founders (Iran and Venezuela) and also Russia. We are sovereign nations driven by our own responsibilities and values. The whole world has to stand against these arrogant attitudes -- and will.”
Hopefully, the whole world will stand against these arrogant attitudes as the US blatantly backs terrorists in Syria and Iraq, supports the crimes against humanity of the Zionist entity, meddles in Russia’s backyard Ukraine, violates the 7-nation international accord on Iran’s right to use nuclear energy for peaceful purposes, kicks up crises in East Asia, starts trade war with China, pulls out of the Paris Climatic Agreement, intrudes into the Persian Gulf, and blindly sides with the UAE and Saudi Arabia in their invasion of Yemen, regardless of the destruction of an entire impoverished nation.
All this, once again brings our attention to the question posed at the beginning of this viewpoint column on the reasons for Riyadh to raise its already high output.
The answer is simple. Unlike Iran, Iraq, Venezuela and most OPEC member states – though not all – Saudi Arabia is a spurious entity, with no historical roots or geographical definitions.
In other words, the Wahhabi fiefdom is a British created entity, as fake as the Zionist entity, with neither a past nor a future.
Similar to Israel’s destruction of the history and culture and Palestine, the regime in Riyadh has systematically destroyed the heritage of Islam and the Arabs, especially in the holy cities of Mecca and Medina.
Moreover, the oil producing area is not the Wahhabi homeland Najd or any hereditary territory of the Aal-e Saud clan.
As a matter of fact, oil in the Arabia Peninsula is concentrated wholly in the east, on or near the coasts of the Persian Gulf, an area known in history as Greater Bahrain and where the Shi’a Muslims are still the overwhelming majority, despite the Saud occupation of their homeland.
The local people who are oppressed and like the Palestinians are deprived of their birthrights, do not benefit from the oil-wealth of their usurped homeland, which the Saudis enjoy through pursuit of pleasures of the flesh, funding of terrorists in the Muslim world, and gifting it to the US, Britain, and France.
This means sooner or later the local people will rise up and reclaim their oil, and that is the reason, the Saudi clan wants to rob their wealth to the maximum degree by producing as much as it can.
To sum up, for any impartial observer it is clear that Saudi Arabia did not exist before 1932 and might cease to exist well before 2032.
Why is Saudi Arabia so keen to increase its already ten-million barrels per day of crude oil output, which in itself is an unwarranted and unrequired quota in view of the fact that neighbouring Iran with a more than double population, with all its individual and industrial needs, produces less than four million barrels per day?
This question is flashing across the minds of most people around the world in view of the 174th meeting of the Organisation of Petroleum Exporting Countries (OPEC) to be held on Wednesday June 22 at the consortium’s headquarters in Vienna, where major non-OPEC producers, such as Russia, will also be present.
Answers may differ, depending on a person’s, especially of an analyst’s degree of acquaintance with the current world situation of demand and supply, political perspectives, and ability to forecast future events, as three of OPEC’s founding members – Iran, Iraq and Venezuela – have vowed to veto any bid by fellow founding member Saudi Arabia to increase its output that would badly upset the international market where the 14 member states account for an estimated 44 percent of global oil production.
According to OPEC rules, any increase in quotas should have a unanimous decision, the absence of which legally bars a member state from producing beyond its allotted share, although lawless members – Saudi Arabia in particular – have pumped more than their share on the instructions of chief saboteur US, in order to produce a glut and shatter the oil price, so as to undermine the economy of other member states, especially that of the Islamic Republic of Iran.
In view of these facts, on Monday, Hussain Kazempour-Ardebili, Iran’s representative to the OPEC, told the media that any increase in current production levels would be against a deal that OPEC and non-OPEC producers reached in 2016. He was referring to Russia’s commitment to cut its supply in order to push prices up following a crash induced by a global crude production glut.
Kazempour-Ardebili, taking note of US mischief around the world and the total subservience of Riyadh to Washington, cautioned Moscow against backing any bid to increase production, following the recent talks in this regard between President Vladimir Putin and Saudi Heir Apparent in the Russian capital on the sidelines of the Football World Cup.
He said: "We call upon our brothers in OPEC and Russia that we do not need to appease (US president Donald) Trump, who sanctions two OPEC founders (Iran and Venezuela) and also Russia. We are sovereign nations driven by our own responsibilities and values. The whole world has to stand against these arrogant attitudes -- and will.”
Hopefully, the whole world will stand against these arrogant attitudes as the US blatantly backs terrorists in Syria and Iraq, supports the crimes against humanity of the Zionist entity, meddles in Russia’s backyard Ukraine, violates the 7-nation international accord on Iran’s right to use nuclear energy for peaceful purposes, kicks up crises in East Asia, starts trade war with China, pulls out of the Paris Climatic Agreement, intrudes into the Persian Gulf, and blindly sides with the UAE and Saudi Arabia in their invasion of Yemen, regardless of the destruction of an entire impoverished nation.
All this, once again brings our attention to the question posed at the beginning of this viewpoint column on the reasons for Riyadh to raise its already high output.
The answer is simple. Unlike Iran, Iraq, Venezuela and most OPEC member states – though not all – Saudi Arabia is a spurious entity, with no historical roots or geographical definitions.
In other words, the Wahhabi fiefdom is a British created entity, as fake as the Zionist entity, with neither a past nor a future.
Similar to Israel’s destruction of the history and culture and Palestine, the regime in Riyadh has systematically destroyed the heritage of Islam and the Arabs, especially in the holy cities of Mecca and Medina.
Moreover, the oil producing area is not the Wahhabi homeland Najd or any hereditary territory of the Aal-e Saud clan.
As a matter of fact, oil in the Arabia Peninsula is concentrated wholly in the east, on or near the coasts of the Persian Gulf, an area known in history as Greater Bahrain and where the Shi’a Muslims are still the overwhelming majority, despite the Saud occupation of their homeland.
The local people who are oppressed and like the Palestinians are deprived of their birthrights, do not benefit from the oil-wealth of their usurped homeland, which the Saudis enjoy through pursuit of pleasures of the flesh, funding of terrorists in the Muslim world, and gifting it to the US, Britain, and France.
This means sooner or later the local people will rise up and reclaim their oil, and that is the reason, the Saudi clan wants to rob their wealth to the maximum degree by producing as much as it can.
To sum up, for any impartial observer it is clear that Saudi Arabia did not exist before 1932 and might cease to exist well before 2032.