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Kerry: US Releasing Millions In Aid To Egypt, But With Promise Of Reform

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Photo Credit: APSecretary of State John Kerry said Sunday the United States will give Egypt $250 million more in aid, following President Mohammed Morsi’s pledges for political and economic reforms. However, Kerry also said the Obama administration will hold Morsi, who came to power in June as Egypt’s first freely elected president, to his commitment.

“The American people want to see the political and economic success of our long-time partners and friends in Egypt,” Kerry said in Cairo. “We look forward to continuing to work closely with all Egyptians. But “it is clear that more hard work and compromise will be required to restore unity, political stability and economic health to Egypt.”

Egypt was one of Kerry’s first stops on his first tour of Arab nations since becoming secretary. Kerry will be meeting with Palestinian leader Mahmoud Abbas, in the Saudi capital Riyadh Monday.

While in Saudi Arabia Kerry will also meet with Saudi and Gulf Arab officials for talks expected to focus on the crisis in Syria and fears about Iran’s nuclear program.

Kerry’s two days of meetings in Egypt have proven tense and fraught with political peril. “I expect a lot,” Egyptian Defense Minister Abdul Al-Sisi told Kerry on Sunday. Kerry replied: “I expect a lot from you.”

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Saudi Cleric Confesses To Murdering 5-Year-Old Daughter Over Virginity Concerns – Gets A Fine And Brief Jail Time

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Photo Credit: The BlazeA prominent Saudi cleric has received a light prison sentence after confessing to beating his 5-year-old daughter to death over concerns about her virginity.

Saudi media reports say Fayhan al-Ghamdi, a frequent guest on Islamic television programs, also raped his daughter before being charged with murder in November.

Gulf News has some of the horrifying details: “[5-year-old] Lama Al Ghamdi was admitted to hospital on December 25, 2011 with multiple injuries, including a crushed skull, broken ribs and left arm, extensive bruising and burns, the activists said. She died last October 22.

Fayhan Al Gamdi, an Islamic preacher and regular guest on Muslim television networks, confessed to having used cables and a cane to inflict the injuries, the activists from the group “Women to Drive” said in a statement.

They said the father had doubted Lama’s virginity and had her checked up by a medic.”

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Saudi Arabian in US for Military Training Charged With Raping American Boy

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A member of the Saudi Arabian military in the United States for a training mission has been charged with raping a boy in a Strip hotel on New Year’s Eve.

Mazen Alotaibi, a 23-year-old sergeant in the Royal Saudi Air Force, was arrested Monday and accused of assaulting a 13-year-old boy in a Circus Circus hotel room bathroom.

According to a Las Vegas police report, Alotaibi was on the sixth floor of the hotel about 7:30 a.m. when he pulled the boy into his room. Three other men were in the room smoking marijuana, the report said.

The boy told police that none of the men spoke English.

Alotaibi later told police he offered the boy money for sex, and when he refused, he raped the boy, the report said.

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Saudi Bank Warning: U.S. Debt Ratio Same As Italy’s

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ABU DHABI — Saudi Arabia has warned the financial community of a decline of the U.S. dollar.

Saudi Arabia’s National Commercial Bank said the debt burden of the United States has reached the same ratio of Italy, deemed a default risk. In a report, the Jedda-based bank warned that the downgrade of the U.S. credit rating from triple A status would reduce energy demand and prices, a move expected to harm the Saudi kingdom.

“Foreign central banks maintain a large share of their foreign currencyreserv es in U.S. treasuries because it is the deepest and most liquid bond market,” the report said. “But, international funds that limit their investments to AAA-rated bonds may dump the U.S. holdings, causing the U.S. dollar to depreciate. Yet, mutual fund investment guidelines do retain some flexibility regarding the handling of such matters.”

The report, titled “The Standard and Poor’s Downgrade of U.S. and Its Implications on the Saudi Economy,” however, said the Gulf Cooperation Council state could withstand the decline of the U.S. dollar. NCB said Saudi Arabia wielded a large reserve to ensure government programs over the next few years.

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Without Obama, We Would be a Global Energy Superpower

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Saudi Arabia has long been the dominant producer of petroleum on the planet. Nature endowed the Arabian Peninsula with gigantic deposits of this vital source of energy. Many of us have lamented the quirk of nature that placed much-needed oil in the most geopolitically unstable region in the world.

Although Saudi Arabia is the king of oil producers at present, there is another country that has far more extensive deposits of fossil fuels. Because fossil fuels are the most economical and reliable energy sources known to man, the country that has the largest share of them is fortunate indeed. What is this richly endowed country? It is none other than the United States of America.

Perhaps you have heard the United States described as “the Saudi Arabia of coal.” Actually, that may be an understatement, for while the U.S. Department of Energy estimates that the Saudis have 20 percent of the world’s known petroleum reserves, the United States has an even larger share—27 percent—of the world’s known deposits of coal. As engineers continue to develop more and more “clean coal” technologies, this abundant resource will continue to serve our energy needs for as long as we need it.

In addition to our immense coal deposits, the United States contains gigantic natural gas deposits. Currently, the United States ranks fourth in natural gas production, but domestic reserves are soaring as horizontal drilling and “fracking” tap the mind-boggling dimensions of the natural gas fields located here in Pennsylvania (the Marcellus formation), Louisiana (the Haynesville formations), and elsewhere across the lower 48. If fracking can be done without contaminating precious water supplies, it is possible that the United States may also become “the Saudi Arabia of natural gas.”

There is even more good news: Besides being the Saudi Arabia of coal and potentially natural gas, we may become the next “Saudi Arabia” of oil. This won’t be the light, sweet crude that the Saudis pump at little cost and with relative ease, but it’s oil nonetheless. The Green River shale rock formation under just three of our states—Colorado, Wyoming, and Utah—is estimated to hold 1.8 trillion barrels of oil, about seven times as large as the Saudis’ crude oil reserves.

Read More at Floyd Reports by Dr. Mark W. Hendrickson, Floyd Reports