• 3 hours UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 5 hours Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 7 hours Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 9 hours German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 10 hours Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 12 hours Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 1 day Oil Prices Rise After API Reports Major Crude Draw
  • 1 day Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 1 day Gazprom Speaks Out Against OPEC Production Cut Extension
  • 1 day Statoil Looks To Lighter Oil To Boost Profitability
  • 1 day Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 1 day Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 1 day Whitefish Energy Suspends Work In Puerto Rico
  • 1 day U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 2 days Thanksgiving Gas Prices At 3-Year High
  • 2 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 2 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 2 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 2 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 2 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 3 days ConocoPhillips Sets Price Ceiling For New Projects
  • 5 days Shell Oil Trading Head Steps Down After 29 Years
  • 5 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 5 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 5 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 5 days Venezuela Officially In Default
  • 5 days Iran Prepares To Export LNG To Boost Trade Relations
  • 6 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 6 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 6 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 6 days Rosneft Announces Completion Of World’s Longest Well
  • 6 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 6 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 6 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 7 days Santos Admits It Rejected $7.2B Takeover Bid
  • 7 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 7 days Africa’s Richest Woman Fired From Sonangol
  • 7 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 7 days Russian Hackers Target British Energy Industry
  • 7 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
Alt Text

Kurdistan Proposes Immediate Ceasefire With Iraq

The Kurdistan Regional Government has…

Alt Text

Kurdistan Ready To Hand Over Oil For 17% Of Iraqi Budget

The Kurdistan Regional Government has…

Alt Text

Kurdistan Accuses Baghdad Of Planning Oil Field Seizure

Kurdistan authorities have accused the…

Jordanian King Warns Of Impending World War III

Jordanian King Warns Of Impending World War III

When OPEC, the Organization of Petroleum Exporting Countries, imposed an oil embargo on the West for its support of Israel in the October 1973 Arab-Israeli war, the French came out with a series of public service announcements on how to save oil. The 30-second ads gave consumers advice on various ways to economize gas and oil consumption. And the announcements would end with a voice saying: “In France we don’t have oil, but we have ideas.”

Today, much the same can be said about Jordan. The country is the only one in the region not producing oil. Its neighbors – Iraq, Syria, Israel and Saudi Arabia, all produce oil to varying degrees, except for Jordan and Palestine.

And in the turbulent world that is the Middle East today, Jordan’s lack of oil may well be a blessing in disguise, rendering it financially uninteresting to groups such as the so-called Islamic State that has occupied large swaths of land from Syria and Iraq, where incidentally, oil is found. But that does not mean that Jordan is altogether off the Islamist’s radar. The country counts large numbers of sympathizers of the Islamic State and its “lighter” version, the Muslim Brotherhood. Many among them would very much like to see the Hashemite kingdom replaced by an Islamic state.

Related: Report Finds Gulf States Unstable Despite Resource Wealth

During his visit to Washington last week the King of Jordan said that the events unfolding in the region today were nothing less than the start of World War III.

“We have to stand up and say, ‘This is the line that is drawn in the sand,’” the king said in an interview that was broadcast on CBS’s This Morning.

“It’s clearly a fight between good and evil.”

Coming from one of the rare voices of reason in the Arab world this is certainly cause for concern.

“This is a Muslim problem,” said the king. The importance of this statement cannot be stressed enough. Until now, many in the Middle East saw the conflict as one opposing the United States and its Western allies to Islamist groups. The king’s statement in Washington sheds a whole new light on the problem and how to approach it.

“We need to take ownership of this. We need to stand up and say what is right and what is wrong,” Abdullah told CBS News’ Charlie Rose.

This is probably the most important declaration by an Arab leader; admitting that there is indeed a problem within the House of Islam.

Although the Western countries today are far less dependent on Arab oil than they were in the 1970s, nevertheless a serious disruption to oil markets from the Middle East – Iraq, Iran, Saudi Arabia the United Arab Emirates, Qatar and Kuwait – would be greatly felt in the West, despite the fact that other sources today are available, such as Russia, the Central Asia republics and Azerbaijan amongst others.

Abdullah II of Jordan, much like his late father King Hussein, is well placed to know what’s going on in his corner of the world, situated in what is today the most volatile piece of real estate on the planet. Jordan is wedged between Syria, Iraq and a hard place; the hard place being his own home-grown jihadi movements in Jordan who would like to see the establishment of an Islamist state in place of the Hashemite Kingdom. Jordan has a considerable number of Muslim Brotherhood adherents, and the intelligence service is doing a pretty decent job of keeping a very close eye on them.

Related: A Truce In The Holy Oil War?

Jordan may not have oil but as its king pointed out, it does have a number of very good ideas, such as the ones mentioned by Abdullah in Washington. Those and others were discussed with President Barack Obama, who could certainly use the Jordanian monarch’s wise council.

Jordan’ s lack of oil does not make it any less important strategically. It is one of the staunchest pro-American countries in the Middle East. And recent history shows that being an ally of the United States in this part of the world comes with certain risks.

In the past some Arab leaders tended to be more discreet in their relationship with Washington, often holding a two-tone dialogue. One for internal consumption, and the other for the benefit of the West. That, as we have just seen by Abdullah’s declarations is changing. Leaders in the Arab world have now come to realize that they can no longer continue to sit on the fence, or continue to appear undecided. This is a time of grave concern, and part of the danger lies in failing to recognize it as such. Now that would be a bad idea.

By Claude Salhani of Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment
  • Frick & frack on December 10 2014 said:
    I wounder why he held back on the Israeli occupation of Palestine
    Isn't that the root cause of the problem in that region , if issues are resolved
    Then there's no need for extremism . Regardless of what religion .
  • claude salhani on December 11 2014 said:
    alas that is no longer the case. the Israeli-Palestinian dispute could be resolved next week and the rest if the region's would not go away. the problems of the Middle East have split like cancerous cells, each deadly in its own right.
  • Jim Wheatley on December 13 2014 said:
    Your article mentions Palestine" as though it b is a factual place on a map. To be accurate, there currently is no "Palestine". Calling a place by a ficticious name does not make it a fact.
    Until the Palestinian cowards (and their cowardly friends) who fire missiles daily at innocent and peace-loving Israelis using their own people for a shield, and crying when they suffer the military consequences of their own barbarity and stupidity, can stir up the guts to declare a nation for themselves, fly a flag, and fight for its existence against God's people, Israel, then they will collectively never be any more than the characterless thugs that they are right now, letting a lost, dying, and amoral world fight for them in the arena of "public opinion".
    God, bless Israel!
    God, save Israel!
    God, be praised forever!
    Amen

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News