The US Strategic Petroleum Reserve (SPR) has been at its lowest level since, ironically, 1984. The reservoirs are composed of four underground sites constructed from salt domes on the Gulf Coasts of Louisiana and Texas. The White House began extracting oil from the emergency reserves to combat rising gas prices. Politicians simply hope that the […]

Biden’s trip to Saudi Arabia did not go as planned. Saudi Arabia will temporarily increase oil production in July and August in exchange for a slew of removed restrictions. Civilian aircrafts from Israel will be permitted to fly over Saudi Arabia. Peacekeepers will be removed from Tiran Island, where US soldiers have been stationed since […]

The West thought they’d cripple Russia’s economy when they stopped buying Russian oil. Gas prices in the West are on the rise and at unsustainable levels. Meanwhile, Putin is having the last laugh as he is now selling more oil at a higher price point. In April, Russian oil exports rose by 620,000 b/d to […]

Click here to watch Martin Armstrong’s latest interview with One Radio Network!

Russia is not the only country turning to the yuan. Beijing is in talks with Saudi Arabia to begin purchasing oil with their own currency opposed to the USD. Saudi Arabia has long had a volatile relationship with the US, and seeing the harsh sanctions imposed on Russia is only making the yuan more appealing. […]

Martin Armstrong – Central Banks, Inflation, Dow, Civil Unrest, Oil, Natural Gas, Cryptos, Cash, Experimental Injections Click here to listen to Martin Armstrong’s latest interview (his segment begins around the 9-minute mark). 

In July 2021, Greenland ceased issuing licenses for oil and gas exploration. Now, Greenland has announced that the ban will be permanent. The government cited climate change as their main concern, and Greenpeace cheered their decision. The announcement would leave one to believe that Greenland actually had a good amount of oil reserves. Major oil […]

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