Posts Tagged ‘petrodollars’

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Oil money and Saudi Arabia’s stranglehold over global affairs

September 19, 2014

The five year anniversary of this blog’s inception is coming up in October. Before then we’ll revisit five videos that have touched on extremely important concepts in terrorist financing.

Today we’ll look at two. Money Jihad has shown one of them before—an interview with Bernard Lewis on C-SPAN—but it’s important enough to return to, about how oil money and the love affair between the House of Saud and Wahhabi clerics precipitated the rise of global jihad:

The other picks up where Lewis left off.  Former CIA director James Woolsey offers additional examples and comparisons about what Saudi oil money and the related control by Wahabbi clerics has meant for Islamic developments throughout the world over the past several decades.

Watching these videos and considering the billions of petrodollars that have flowed to terrorism, it almost feels silly to sniff out smaller transactions of a thousand dollars here and hundred dollars there to individual “martyrs” and their operations.

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Who was Suleiman al-Rasheed?

October 2, 2013

Years after the discovery of the Golden Chain document that listed early sponsors of Osama Bin Laden, the mainstream media still seem mostly indifferent to investigating the individuals named.

For example, one of the lower profile donors was “Suleiman al-Rasheed,” (also spelled Rashid).  Wikipedia asserts that Suleiman is affiliated with the Al-Rasheed Trading & Contracting Co (RTCC).  The RTCC is a “leading general contractor in Saudi Arabia” according to the book Doing Business with Saudi Arabia.

May 2013 news article from Alriyadh newspaper called RTCC “a mainstay” of Saudi building and construction projects.  The article goes on to explain that RTCC was a major builder of employee housing for Saudi national oil company employees in the 1960s, and implemented “vital projects and strategic in the public and private sectors” (Google translation).  RTCC is currently carrying out “giant” assignments including a security project along Saudi Arabia’s northern border, a transnational railway project, a 1,000-unit housing project at King Saud University, and a water pipeline to Riyadh.

As a side note, it is worth remembering that the government of Saudi Arabia would not be able to award lucrative public contracts to RTCC without oil profits.

All that being said, the precise identity of “Suleiman” and his affiliation with RTCC is still unclear.  Abdullah Al Rashid is RTCC’s CEO and chairman of the board of directors.  The Saudi billionaire Nasser Al-Rashid also appears to be unrelated.

Neither does “Suleiman” appear to be affiliated with Al Rashid Trust, a fake charity in Pakistan that was designated as a terrorist financing entity shortly after 9/11.  The main “Suleiman” in the Golden Chain is Sulaiman Al-Rajhi, but his name is clearly a distinct and separate entry on the list.

Have any journalists researched or tried to confirm the identity of Suleiman al-Rasheed?  Have they even asked RTCC to confirm or deny the allegation that it was involved with the Golden Chain?  Wouldn’t American investors and businessmen like to know the answer to that before embarking on joint ventures with RTCC?

Granted, research in this area can be difficult because of spelling differences and, more importantly, because wealthy Saudis engage in intense legal efforts to suppress negative news coverage and internet search results about them.  But one would think that a dozen years after 9/11 there would at least be one publicly accessible news article looking into Suleiman al-Rasheed.

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Full steam ahead for Salafi freight train

August 12, 2013

Money, guns, and Islamist fanaticism are flowing out of Saudi Arabia faster than the oil from the pumps that fund it.  Rebels have instigated and exploited the instability of the Arab Spring to spread oil-funded Wahhabi and Salafi ideology and turn Middle East and African countries into full-fledged sharia states ruled by Muslim Brotherhood political parties.

Thanks to Arye Leonid Glozman for sending in a link to commentary on the subject by Dr. Murtaza Haider of Ryerson University after reading a new report prepared for a committee of the European Parliament:

European Parliament identifies Wahabi and Salafi roots of global terrorism

Murtaza Haider

Updated 2013-07-22

It is not merely the faith or oil that flows out of Saudi Arabia. The oil-rich Arab state and its neighbours are busy financing Wahabi and Salafi militants across the globe.

A recent report by the European Parliament reveals how Wahabi and Salafi groups based out of the Middle East are involved in the “support and supply of arms to rebel groups around the world.” The report, released in June 2013, was commissioned by European Parliament’s Directorate General for External Policies. The report warns about the Wahabi/Salafi organisations and claims that “no country in the Muslim world is safe from their operations … as they always aim to terrorise their opponents and arouse the admiration of their supporters.”

The nexus between Arab charities promoting Wahabi and Salafi traditions and the extremist Islamic movements has emerged as one of the major threats to people and governments across the globe. From Syria, Mali, Afghanistan and Pakistan to Indonesia in the East, a network of charities is funding militancy and mayhem to coerce Muslims of diverse traditions to conform to the Salafi and Wahabi traditions. The same networks have been equally destructive as they branch out of Muslim countries and attack targets in Europe and North America.

Despite the overt threats emerging from the oil-rich Arab states, governments across the globe continue to ignore the security imperative and instead are busy exploiting the oil-, and at time times, blood-soaked riches.

The European Parliament’s report though is a rare exception to the rule where in the past the western governments have let the oil executives influence their foreign offices. From the United States to Great Britain, western states have gone to great lengths to ignore the Arab charities financing the radical groups, some of whom have even targeted the West with deadly consequences…

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Video: oil dependence

December 26, 2012

Do you want OPEC to keep calling the shots in the 21st Century?  Do you enjoy seeing American presidents literally holding hands with or bowing down to the Saudi king?

Regular readers know that this blog supports expanded domestic oil drilling to help North America decrease its dependence on Middle East oil.  Although Eyal Aronoff of the Fuel Freedom Foundation (@fuelfreedomnow on Twitter) offers a different course of action to deal with the problem of oil financing terrorism, this video as a must-watch:

Aronoff lays out compelling ideas for reduced oil dependence, and Money Jihad has as well.  Wouldn’t it be nice if national political leaders embraced just some of these ideas as part of a genuine “all of the above” approach to energy to reduce our reliance on Saudi sharia oil?