Foreign Correspondence

[Amaunet]

There is no question that some of the Saudi funds currently invested in Europe and U.S. markets will be shifted to Asian markets. The depletion of the Saudi reserves demands a much more aggressive economic game plan.

A 24 February article in "The New York Times" paints a picture of gradually rising world demand and increasingly tired oil fields in crucial producer Saudi Arabia. Edward O. Price Jr., a former Saudi Aramco and Chevron executive, told the newspaper that the world can only expect a "few years" of 12-million-barrels-per-day production from the Saudis. By 2015, Price "expects global oil markets to be in short supply."

China's economic rise has whetted its appetite for energy and has already begun to reshape the world in many ways, but perhaps its greatest effect will be on the global market for energy supplies. This will affect more pressures on the shortage of energy supply in Asia especially so with the pending depletion of the Saudi oil patch.

Putting in context our current infrastructure that relies so heavily on oil and gas the wars in the Middle East can only be viewed as wars of survival rather than terrorism.

With global oil output about to peak the control of petroleum reserves has become a crucial global question.

We have heard “the war on terror will last for decades.” The people of the United States are being groomed to accept future invasions of not only Syria and Iran for reasons we are told relate to terrorism but any oil producing country that is considered fair game. Thus our invasion of oil rich Iraq has triggered a massive arms buildup throughout the world, many of which are nuclear, as countries scurry to defend themselves in anticipation of the imminent Oil Wars and the establishment of the New World Energy Order. -Am

Reference:

According to Sheikh Sultan bin Saud Al Qasimi, Chairman of Barjeel Securities LLC, the joint venture between Al Saud Investments of the UAE and Geojit Securities Ltd, India could attract some of the trillions of dollars in Arab funds currently invested in Europe and US markets.

He said that once laws governing the stock markets were also in place in other Gulf States, there would be a huge shift in investment channel in the region, with a stronger focus on Asian markets. As part of an aggressive and long-term growth strategy, Barjeel has appointed top professionals from India in its offices, Sheikh Saud said.
http://www.thehindubusinessline.com/bline/2002/10/24/stories/2002102401770400.htm

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