RT: What game is the House of Saud playing? by Pepe Escobar . . . MUST READ. . .~J

Ghana and Nigeria have known Oil reserves. Liberia and other West African nations may share offshore Oil reserves.

2012: What's the 'real' truth?

Pepe Escobar is the roving correspondent for Asia Times/Hong Kong, an analyst for RT and TomDispatch, and a frequent contributor to websites and radio shows ranging from the US to East Asia.

Published time: January 16, 2015 12:29

Reuters / Lucy Nicholson

Reuters / Lucy Nicholson

Let’s start with oil – and some background. As much as US supply has increased by a couple of million barrels a day, enough oil from Iran, Kirkuk in Iraq, Libya and Syria has gone out of production; and that offsets extra US oil on the market. Essentially, the global economy – at least for the moment – is not searching for more oil because of European…

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