The Saudi Dilemma: To Cut Or Not To Cut

To cut and push up prices or not to cut and preserve market share, this is the question that Saudi Arabia is facing ahead of this year’s December OPEC meeting. It seems like just yesterday when OPEC met in 2016 and decided to cut production by 1.8 million barrels daily, including from Russia, to reverse […]

“Collapse Of Civilisation Is On The Horizon” World Leaders Warned

– “Time is running out” – Sir David Attenborough “Continuation of civilisation is in your hands,” Attenborough warns world leaders – Mass extinction is “on the horizon” – Failure to ‘join the dots’ between environmental risks and significant economic challenges (Editors note: The world faces some very serious ecological challenges due to the pollution, destruction […]

Iran Again Threatens To Block Key Oil Transit Choke Point As U.S. Aircraft Carrier En Route

Here we go again: Iranian President Hassan Rouhani has once more threatened to close the Strait of Hormuz, which is vital to up to one-third of all global oil shipping as it’s a key transit choke point in the Persian Gulf. On Tuesday Iranian state broadcasts carried his words, saying “if someday, the United States decides to […]

How to save the world from ‘perfect storm’

Global warming is just one example of a problem that does not recognise national boundaries. Pandemics, migration, extremism, nuclear proliferation are some of the other problems that would be unresponsive to nationalist solutions. Someone has to rise to the occasion. The subcontinent is, according to previous US Presidents Bill Clinton and Barack Obama, “the most […]

How George H.W. Bush Was Groomed to Become President

The Daily Devil’s Dictionary looks back on George H.W. Bush and the role of political grooming in America. As the US political establishment pays its sometimes gushing respects to George H.W. Bush, who died on November 30, some journalists have dared to remind us who he was, what he did and where he came from. […]

The CIA’s Evidence Linking Saudi Crown Prince to Khashoggi Killing

How did the CIA conclude that journalist Jamal Khashoggi was killed on the orders of Saudi Crown Prince Mohammed bin Salman? WSJ’s Warren P. Strobel has an exclusive look at the secretive evidence behind the assessment. Photo: Reuters

Qatar is pulling out of OPEC

OPEC is losing one of its oldest members. The small, gas-rich state of Qatar said Monday that it will leave the oil cartel on January 1 after nearly 60 years. The country’s state oil company, Qatar Petroleum, made the announcement in a series of tweets. “The withdrawal decision reflects Qatar’s desire to focus its efforts […]

Kunstler: The Ghost of Christmas Present

Apparently one additional world leader turned up in Buenos Aires without fanfare this weekend. The General Secretary of the North Pole, known popularly as Santa Claus, took his latest-model hypersonic sleigh to the G-20 Meeting, and made sure that the global financial elite would find their Christmas stockings stuffed with sugarplums one last time before […]

Have we reached Peak Car?

General Motors has announced it’s shuttering five production facilities and killing six vehicle platforms by the end of 2019 as it reallocates resources towards self-driving technologies and electric vehicles. The announcements should come as a surprise to no one, as they echo a similar announcement made by Ford earlier this year that it will exit […]

The Great Power Politics Behind Nord Stream II

Nord Stream II is proving to be one of the most politically contentious pipelines of all time. The project is making gradual progress, but remains vulnerable to the fragile state of the EU-Russian energy relationship. This took another body blow November 25 with the Russian seizure of two Ukrainian gunboats and a tug boat by […]

Palin Was Right: ‘Drill, Baby, Drill!’

Like the rooster that takes credit for the sunrise, President Barack “You Didn’t Build That” Obama woke up the other day and decided to take credit for another thing he had nothing to do with. The president who said that companies like Solyndra were the hallmark of a future in which workers drove Chevy Volts, […]

Crossing the Rubicon

Looking for an article that Mike might have written on GHWB, guess what I came across on the CIA website From Jenna Orkin  

U.S. Declares Emergency After Quake Leaves Alaska in Darkness

U.S. federal authorities issued an emergency declaration for Alaska after a magnitude 7 earthquake struck on Friday, which left thousands without electricity and temporarily shut the state’s most important oil pipeline. The authorities have been directed to provide assistance for Anchorage as well as Kenai Peninsular and Matanuska-Susitna boroughs, according to an alert from the […]

Debt, Death, & The US Empire

Yosemite Sam Gets Worried About Federal Debt In a talk which garnered little attention, one of the Deep State’s prime operatives, National Security Advisor John Bolton, cautioned of the enormous and escalating US debt. Deep State operative John Bolton, a.k.a. Yosemite Sam [PT] Speaking before the Alexander Hamilton Society, Bolton warned that current US debt […]

Saudis Won’t Cut Oil Production On Their Own

Saudi Arabia is going to do whatever it takes to stabilize the oil market, but it can’t and won’t do it alone without a collective decision from the OPEC and non-OPEC deal participants, Saudi Energy Minister Khalid al-Falih said on Wednesday. “We are going to … do whatever is necessary, but only if we act […]

At G20, oil kingpins try to fix a new fiasco

Yet again, energy experts have gotten the oil market wrong: Less than two months ago, Brent crude was about $86 a barrel, and the talk was a certain return to ultra-profitable $100 oil. Today, Brent closed at $58.68, down 31% from the peak, after the industry’s worst two months in a decade. Oil’s biggest kingpins […]

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