Insight and inspiration in turbulent times.
Michael Klare emphasized the geopolitical consequences of the relationship between oil and national security in a speech at at Tufts University. “The situation facing us Americans is much more threatening and dangerous than it was four years ago,” he said.
The U.S. “already has” a lock on Canada’s energy in the form of a stupendously dumb NAFTA agreement signed in the early 90s.
There is really no need to go to far to know why US President George W Bush and British Prime Minister Tony Blair get along so famously. The missing link has now been discovered — William Gammell, the CEO of Cairn Energy.
Australia today warned that a $6.7 billion natural gas project in the Timor Sea could be scrapped after East Timor rejected its latest proposal.
The Iranians are about to commit an “offense” far greater than Saddam Hussein’s conversion to the euro of Iraq’s oil exports in the fall of 2000. Numerous articles have revealed Pentagon planning for operations against Iran as early as 2005. While the publicly stated reasons will be over Iran’s nuclear ambitions, there are unspoken macroeconomic drivers explaining the Real Reasons regarding the 2nd stage of petrodollar warfare – Iran’s upcoming euro-based oil Bourse.
In the aftermath of 9/11, fears of global oil disruption sent prices up by nearly 30 percent to over $30 a barrel. During June/July 2004, the price of oil hovered around $40 a barrel. During September/October the price of oil rose to $50 a barrel, and the high price will remain for the rest of the year. By December 2005, the price of oil is likely to reach $80 a barrel. Growing demand of China and India will be the main cause of this price spike.
Pulitzer Prize winning author and journalist, Ron Suskind reports for the New York Times Magazine that George W. Bush knows about oil peak. In fact, he’s got a plan that extends beyond making Iraq the 51st state.
The Army has agreed to a Pentagon investigation into claims by a top contracting official that a Halliburton subsidiary unfairly won no-bid contracts worth billions of dollars for work in Iraq and the Balkans, according to Army documents obtained Sunday.
IT’S often said that truth is the first casualty of war. During a presidential campaign, that may be more apt than ever. Consider a seemingly simple question: What is the cost of the Iraq war to the United States?
No war for oil, says the Michael Moore branch of the antiwar movement, meaning that the United States shouldn’t fight to advance the interests of the petroleum industry.
The guys on the campaign trail keep trying to ig nore the trillion-pound rhinoceros in the room. But soaring oil prices thunder the obvious: America had better prepare for a possible fall in world oil output if it doesn’t want to be left without affordable energy options.
The Iraqi government plans to phase out slowly subsidies on basic products, such as oil and electricity, which comprise 50 percent of public spending, equal to 15 billion dollars, the planning minister said on Saturday.
