The Money Jihad blog has a post that isn’t really related to Shariah Finance or directly related to terrorism financing, but it is so important to the overall effort to defund our Jihadi enemies that we decided it needed to be reposted here. Money Jihad basically points out that shale exploration and production here in […]
This issue isn’t strictly related to Shariah-Compliant Finance, but oil is what feeds Shariah Finance, Jihad and terrorism at the end of the day, so when a foreign entity funds a horrible film starring a notoriously anti-American Leftist like Matt Damon, it is worth a closer look. In this case, interests in OPEC, who earn […]
In Indonesia, members of Hizb ut-Tahrir, the Islamist organization that seeks the re-establishment of a global caliphate under Shariah law, recently held protests against higher fuel prices. SFW readers may recall that Hizb ut-Tahrir in America held a conference in Chicago a couple of years ago calling for an end to capitalism to be replaced […]
Posted on 19 December 2008 From CBN: U.S. dependence on oil has led to an unprecedented transfer of wealth to the Muslim nations of the Middle East. And now it seems they are using that money to advance an Islamic agenda. It’s called Sharia compliant finance. Sharia is best known in the West for the […]
WASHINGTON – Global oil demand will contract for the first time since the early 1980s as world economic growth slows to a near standstill, the US government said on Tuesday.The forecast for 2008 and 2009 is bad news for energy companies and oil …Read More
Printed in full with permission of the author November 19, 2008 by Jeffrey Imm Anti-Jihad League of America http://www.unitedstatesaction.com/blog/imm-articles/117.html http://anti-jihad.org/blog/2008/11/auto/ As the U.S. automobile industry seeks funds from the U.S. government, Americans need to ask if this industry understands that Islamic supremacists are at war with America, and how the automobile industry is going to […]
Oil-Producing Countries in Middle East Face Plummeting Oil Prices By: Dr. Nimrod Raphaeli * Introduction After a hefty spike in oil prices in the preceding year, reaching as high as $147 a barrel in July 2008, prices plummeted in the subsequent four months to below $55 a barrel on the close of trading day of […]
Stock Markets Across Middle East Fall Again By Edward Yeranian Cairo 26 October 2008 Yeranian report – Download (MP3) Stock markets in the Gulf and across much of the Middle East experienced another day of dramatic drops Sunday, amid a backdrop of falling oil prices, despite OPEC’s decision to cut production. Edward Yeranian reports for VOA […]
By Shakir Husain, Staff Reporter Published: October 21, 2008, 23:45 Dubai: The Gulf’s petrochemical boom may be coming to an end amid a global demand downturn and project delays caused by rising costs and the tightening credit squeeze, experts said on Tuesday. Last year, just $7 billion worth of engineering, procurement and construction (EPC) contracts […]
OPEC Preparing Output Cut to Boost Prices After Slump (Update2) By Ayesha Daya and Fred Pals Oct. 24 (Bloomberg) — The Organization of Petroleum Exporting Countries is preparing to cut oil production for the first time in almost two years to stem a collapse in prices. Ministers of the 13 nations gathered at the […]
Iran in troubled waters as oil plunges Michael Theodoulou, Foreign Correspondent Last Updated: October 20. 2008 10:12PM UAE / October 20. 2008 6:12PM GMT The Tehran Bazaar was shut down this month by its influential merchants in a strike over a plan to impose a value added tax in Iran. Newsha Tavakolian for The National […]
www.teherantimes.com By Grant Smith Oct. 15 (Bloomberg) — The Organization of Petroleum Exporting Countries, supplier of more than 40 percent of the world’s oil, lowered its 2009 demand forecast for a second month as the worst financial crisis since the 1930s threatens to send the global economy into a recession. OPEC will hold an extraordinary […]
Oil hits year low, sinking below $US80 October 11, 2008 – 6:55AM www.fundmastery.com Crude oil fell below $US80 for the first time in a year and copper headed for its biggest weekly drop in more than 20 years on concern that the deepening financial crisis will push the global economy into a recession. Oil in […]
Oil trims losses after major drop www.bized.co.uk Oil rose more than $3 a barrel on Tuesday after a big Oil was near $90 a barrel on Tuesday after falling to its lowest in eight months earlier in the session, pressured by expectations the global credit crisis will bring a sharp drop in oil demand.
www.abc.net.au Are the drops in oil prices the silver lining behind the Wall Steet Crisis? Can we end up at a base of $80.00 -$85.00 a barrel in the future? Will this crisis help or slow down the process of Shariah Finance, and the rise of Islamic Banking worldwide? comments by Allyson Rowen […]
(KARIM SAHIB/AFP/Getty Images) Angela Jameson Oil prices slumped to below $100 a barrel today ahead of the start of today’s Opec meeing in Vienna, putting more pressure on the oil producers’ cartel to cut supply to the markets. The fall to $99.56 a barrel takes the price of crude to a five-month low and below […]
http://static.sky.com/images/pictures/1628212.jpg By STEVENSON JACOBS, AP Business Writer NEW YORK – Oil prices extended their losses Wednesday, a day after plunging nearly $6 a barrel, as oil market traders shifted their attention from tropical weather to a stronger dollar and falling demand for petroleum products. Light, sweet crude for October delivery fell $1.07 to $108.64 […]
WASHINGTON – By H. JOSEF HEBERT Barack Obama’s promise Thursday to work to “end our dependence” on Middle East oil within a decade may be good political rhetoric when Americans have been paying $4 a gallon at the gas pumps, but the goal likely would be difficult – perhaps impossible – to achieve and flies […]
Over a barrel http://i11.photobucket.com/albums/a199/don_veto/mad_max/madmax.jpg – 25-Aug-2008 Surging oil prices feed widespread panic and apocalyptic visions of a world without fuel. But it is not obvious whether speculation, rising demand or supply shortages are to blame. Daniel Ben-Ami examines the debate. “To understand who he was, you have to go back to […]
Opec may cut production Tamsin Carlisle Last Updated: August 18. 2008 9:58PM UAE / August 18. 2008 5:58PM GMT Oil prices will likely decline more without Opec cuts, a report said. AP Opec may cut oil production early next year to halt the slide in oil prices, but this could cause a sharp rebound in […]
War forces Central Asian oil exporters to reroute Tamsin Carlisle Last Updated: August 21. 2008 9:58PM UAE / GMT The continuing presence of Russian troops in the South Caucasian republic of Georgia is causing a headache not only for the White House, but also for Central Asian countries that normally export oil through Georgia. Yesterday, […]
A Few Speculators Dominate Vast Market for Oil Trading By David Cho Washington Post Staff Writer Thursday, August 21, 2008; A01 Regulators had long classified a private Swiss energy conglomerate called Vitol as a trader that primarily helped industrial firms that needed oil to run their businesses. But when the Commodity Futures Trading Commission […]
MENAFN) Chakib Khalil, the President of the Organization of Petroleum Exporting Countries (Opec) said that the price of crude oil could fall to $70 to $80 a barrel in the long term, Gulf News reported. Although the market has switched into bearish mode for now, few are expecting it to crash as oil exports remain […]
http://tinyurl.com/5edt9x Dipping oil prices shift focus from alterantive energy sources By Leah Bower, Special to Gulf News Published: August 11, 2008, 23:22 Well finally we have some good news on the oil front. Rather than a one day drop, quickly followed by crude prices resuming their upward march, we saw, prior to Russia-Georgia’s saga, […]
Nissan orders Israeli ally to pull commercial JERUSALEM (Kyodo) Nissan Motor Co. has ordered its Israeli business ally to immediately stop airing a television commercial depicting Arab oil barons angered at the high fuel efficiency of a Nissan car, officials of the automaker said Thursday. “The commercial was produced […]
Iran warns Opec to control output Iran warns Opec members that they should cut back on overproduction as the price of crude falls to read the story go to this link: http://www.thenational.ae/section/BUSINESS&profile=1005
As oil giant Conoco-Phillips reported a record-high profit, consumers are still suffering from steep gas prices at the pump. The third-largest oil producer in the US posted its laregst ever profits of $5.4 billion. Consumer Watchdog, a locally base organization, expects this to kick-off what they are calling a “profit-orgy” by the major oil companies. […]
http://tinyurl.com/6ddm8c Reuters , Monday July 28 2008 By Sebastian Tong LONDON, July 28 (Reuters) – Global markets already live in fear of an escalation of the dispute over Iran’s nuclear ambitions which could shake an already fragile world economy. But the Gulf states’ growing integration with the world economy poses an additional threat, as […]
http://archive.gulfnews.com/business/Oil_and_Gas/10231806.html http://tinyurl.com/5wmwfx Reuters Published: July 26, 2008, 00:13 London: Oil producing countries need to fix the rest of their economies to prepare for inevitable falls in exports, a report by a British think tank has said. The survey of the economic prospects of 12 oil-producing countries by Britain’s Royal Institute for International Affairs – […]
Pickens: Oilman pushes alternatives to funding our enemies. Posted: 3:23 am July 25, 2008 NEWS that a terror-linked imam is behind an in- your-face Islamic subway- ad blitz should spark one thought: oil. What’s the link? Maybe none. But petro-dollars have bought a lot of extremist Muslim influence here and elsewhere. They’ve also helped fund […]
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