EMerging Equity

By Wayne Madsen

CIA lobby seal.  Photo courtesy of Wikimedia. CIA lobby seal. Photo courtesy of Wikimedia.

The Central Intelligence Agency director John Brennan’s long familiarity with Saudi Arabia, owing to the time he spent there as the CIA station chief in Riyadh in the 1990s and his knowledge of Saudi oil operations, has paid off. Petroleum industry insiders claim that Brennan’s agents inside Saudi Aramco convinced the firm’s management and the Saudi Oil Ministry to begin fracking operations in order to stimulate production in Saudi Arabia’s oldest oil fields. The Saudis, who are not known for their hands-on knowledge of their nation’s own oil industry, agreed to what became an oil pricing catastrophe which would not only affect Saudi Arabia but oil producing nations around the world from Russia and Venezuela to Nigeria and Indonesia.

By pumping high-pressure salt water into older wells, some at a depth of three to six thousand feet, an inordinate amount…

View original post 1,321 more words

Advertisements