Activism

ODAC Newsletter – Feb 25

by

Libyan dictator Muammar Gaddafi’s threat to fight to the death rather than cede power set off a rising tide of violence this week which has seen hundreds, maybe thousands killed. The future of the regime and the country still hangs in the balance. The growing chaos has also spread to Libya’s oil industry as companies shut down production and foreign workers flee.

A global call for sharing and justice

by

Protesters in the Arab world have much in common with those reacting to austerity across Europe, as well as the millions who have mobilised in support of ending poverty in the South. What we may be witnessing is an emerging public voice in favour of a fundamental reordering of global priorities.

Spare capacity theory

by

In truth, the spare capacity that the world cares about — that the oil futures market cares about — is not the inventory level. But rather, actual production capacity that can be brought on immediately. You can see the problem, from a price standpoint. If the world loses Libya’s 1.5 mbpd production for 90-120 days, and starts drawing down above-ground inventories, this only makes the inventory cushion that much thinner for any new supply disruptions. The question on the mind of the oil market therefore is not Mr. Fyfe’s 1.6 billion barrels of crude, but whether countries like Kuwait, the U.A.E. and especially Saudi Arabia or even Russia can lift supply. Immediately.

Wisconsin: The first stop in an American uprising?

by

“We demand that before the hard-working, tax-paying families of this country are once again forced to sacrifice, the corporations who have so richly profited from our labor, our patronage, and our bailouts be compelled to pay their taxes and contribute their fair share to the continued prosperity of our nation. We will organize, we will mobilize, and we will NOT be quiet!”

Consciousness rising, world fading

by

Our stories of awakenings — whether moral, intellectual, religious, artistic, or sexual — are tricky. Honest self-reflection doesn’t come easy, and self-satisfied accounts are the norm; we love to be the heroes of our own epics. … The longstanding discomfort in telling my story is further complicated by new concerns in the past few years. More than ever I’m aware that no matter how high anyone’s consciousness in the United States is raised, there may be very little we can do to reverse the consequences of modern industrial society’s assault on the living world.

Where the demonstrators wave black flags: Algeria, Part 1

by

As elsewhere in the region, the main foreign powers involved — France, Spain, and the US — don’t seem to care much as long as the oil and gas flows, the country implements World Bank/IMF structural adjustment programs to modernize the oil industry to increase output, and their ‘strategic interests’ are protected. As long as these things happen, the country can go to hell in a hand basket – as it has. None of them have lifted a finger in protest to government practices and corruption.