Iran says Russia could build nuclear reactor in exchange for oil

Russia could build a second reactor at Iran’s Bushehr nuclear power plant in exchange for Iranian oil, the Iranian ambassador to Moscow said in remarks published on Monday. Russia could also supply Iran with trucks, railroad tracks, mini-refineries or other goods to pay for the oil, ambassador Mehdi Sanaei told the daily Kommersant, under a […]

Saudi Arabia to supply Syrian rebels with anti-aircraft missiles

Frustrated by the deadlock of the second round of Geneva 2 talks, Saudi Arabia has reportedly offered to supply the rebels with anti-aircraft missiles. Meanwhile Russia has accused the US of once again hijacking peace talks and pushing for regime change. According to a report by the Wall Street Journal, Russian-made antitank guided missiles and […]

Bahrain: Blasts Hit Police 3 Years After Uprising

Explosions targeted police in Bahrain on Friday as clashes between security forces and anti-government protesters on the third anniversary of the Gulf nation’s uprising left dozens wounded, authorities and activists said. Efforts to restart on-and-off reconciliation talks between the Shiite-dominated opposition and the Sunni monarchy and its allies have so far failed to bring an […]

Fracking’s water use sets up fight with cities and farmers

It’s no secret that hydraulic fracturing in the production of oil and natural gas uses enormous amounts of water. A single well requires between 2 and 10 million gallons of water — mixed with sand and chemicals — to crack rocks deep underground and release oil or natural gas. As a rule of thumb, it […]

Noam Chomsky on Peak Oil, Bailouts, and Climate Change

(1998) Noam Chomsky on Peak Oil, Bailouts, and Climate Change

Bahrain protest attracts tens of thousands

Tens of thousands of Bahrainis joined a peaceful demonstration on Saturday to mark the third anniversary of an abortive pro-democracy uprising led by majority Shi’ite Muslims. The rally organized by the kingdom’s main opposition al-Wefaq movement was one of the biggest staged since 2011. Vast crowds of men, women and children took to the streets […]

China Hard Landing War-Gamed for World Economy

A hard landing in China would hobble global growth and buoy the dollar, says Societe Generale SA in a study that war-games the international implications of a steep decline in China’s expansion. A plunge to 2 percent from more than 10 percent in 2010 would be enough to slash 1.5 percentage points from worldwide economic […]

Iranian Oil Exports Soar as Sanctions Collapse

Iranian oil exports soared in January, hitting new highs just months after the United States consented to billions of dollars in economic sanctions relief under the interim nuclear deal. Exports of Iranian crude oil jumped to 1.32 million barrels, up from December’s high of 1.06 million barrels, according to data from the International Energy Agency. […]

No Janet Yellen, The Economy Is Not “Getting Better”

On Tuesday, new Federal Reserve Chairman Janet Yellen went before Congress and confidently declared that “the economic recovery gained greater traction in the second half of last year” and that “substantial progress has been made in restoring the economy to health”.  This resulted in glowing headlines throughout the mainstream media such as this one from […]

The Purposely Confusing World of Energy Politics

Life often presents us with paradoxes, but seldom so blatant or consequential as the following. Read this sentence slowly: Today it is especially difficult for most people to understand our perilous global energy situation, precisely because it has never been more important to do so. Got that? No? Okay, let me explain. I must begin […]

The Golden Age of Gas… Possibly: An Interview With The IEA

The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”–believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way. In an exclusive interview with Oilprice.com, IEA Executive […]

Organizing Revolt

This Week: 1. Proto nazis in the Ukraine 2. the end of Bill McKibben’s innocence 3. Enbridge blockers found guilty 4. Fracking pipeline must be stopped 5. No justice for Kelly Thomas 6. The silent anarchist is free 7. Bambu – Crosshairs 8. Peter Gelederloos on Barcelona assemblies Listen to the entire interview with Peter […]

Iranian warships heading to USA

Iranian warships headed to the U.S. coast pose little danger to the United States but could be a dry run for the future, according to former U.S. military and security officials. The mission shows the danger Iran would pose if it possessed nuclear weapons, says John Bolton, a former U.S. ambassador to the United Nations […]

What Would Chinese Hegemony Look Like?

East Asia is becoming, in the language of international relations theory, “bipolar.” That metaphor, from magnetism, suggests two large states with overlapping spheres of influence competing for regional leadership. The Cold War was a famous global example of bipolarity. Most states in the world tilted toward the United States or the Soviet Union in a […]

Orlov: “American” exceptionalism

The term “American exceptionalism” has been receiving more than its fair share of play recently. It was pressed into service in the vapid banter that passes for political discourse in the US, with the Republicans accusing Obama of not believing in it. More recently, it surfaced as a term in international relations, when Russian president […]

Pakistan committed to gas project with Iran

Pakistani Ambassador to Tehran Noor Mohammad Jadmani has reaffirmed Islamabad’s commitment to completing a multi-billion-dollar pipeline projected to carry natural gas from Iran to Pakistan. Jadmani rejected media reports about Islamabad’s reluctance to continue cooperation for the completion of the Iran-Pakistan (IP) gas pipeline project under Western pressure, stressing that Islamabad remains committed to advancing […]

Iran to introduce ‘new generation’ of oil contracts

Iran’s Petroleum Minister says it plans to introduce by June a new generation of oil contracts that are more attractive to investors. Mahdi Hosseini, head of the contract revision committee in the ministry, told reporters Sunday that sanctions imposed on Iran over its nuclear activities drove the revisions. He said the new contracts are designed […]

Iran Sends Warships to US Maritime Borders

“The Iranian Army’s naval fleets have already started their voyage towards the Atlantic Ocean via the waters near South Africa,” Commander of Iran’s Northern Navy Fleet Admiral Afshin Rezayee Haddad announced on Saturday. The admiral, who is also the commander of the Iranian Army’s 4th Naval Zone said, “Iran’s military fleet is approaching the United […]

Japan makes first oil payment to Iran in a year

Japan this week became the first of Iran’s oil buyers to make a payment for crude imports under an interim nuclear deal, sources told Reuters on Wednesday, as the West eased a year-long stranglehold on revenues that has crippled the Iranian economy. Tough international sanctions over the past two years have cut Iran’s oil exports […]

Canada can’t wait to start pumping. The United States can

MINUTES after America’s State Department declared on January 31st that a proposed cross-border oil-pipeline would have little environmental impact, Canada’s ruling Conservatives posted an online ad bluntly directing Barack Obama to “approve Keystone XL now”. It is not the first time that Canada has dropped the diplomatic niceties when pressing Mr Obama to approve the […]

U.S. Selling Coal Mining Rights at Undervalued Prices

The U.S. government is violating federal leasing policies when it sells land to certain coal-mining companies, according to a new audit from an official watchdog agency. The practice could be costing taxpayers millions of dollars even as mining operations degrade the environmental integrity of the Powder River Basin in the western U.S. states of Wyoming and […]

Shale Gas Revolution Worldwide, Only New York Resists

The Shale Gas Revolution has prevailed everywhere but New York and what’s happening in Poland and the UK will lead it to prevail there as well.  Last night I participated in a debate with some folks at Cornell, including my friend Walter Hang, who noted during his summary remarks the shale gas revolution had taken […]

Syria misses chemical weapons handover deadline

Syria on Wednesday missed a deadline to hand over all the toxic materials it declared to the world’s chemical weapons watchdog, putting the program several weeks behind schedule and jeopardizing a final June 30 deadline. At the same time, opposition activists say the Syrian air force is attacking the country’s biggest city, Aleppo, with barrel […]

Drop Washington’s Counterproductive Oil and Natural Gas Export Ban

For years people have been told to expect a dismal energy future. But because of rapid free market innovation, Americans now can look forward to a future of energy abundance. The U.S. could even become a leading exporter—if Washington gets out of the way. Successive presidents and Congresses imposed controls, approved subsidies, created bureaucracies, and […]

U.S. Crude Oil Exports, Really? – A Look at the UK

Last week the U.S. Senate’s Energy Committee held the first hearing in decades on the question of whether exporting US crude oil, prohibited by law since the 1970s, should be allowed again.  Attendees heard proponents say that allowing crude exports would hold prices down with opponents claiming the opposite case. To be clear, these would […]

Congress seeks to jack up fees on home heating oil

Congress’ mammoth farm bill restores the imposition of an extra fee on home heating oil, hitting consumers in cold-weather states just as utility costs are spiking. The fee — two-tenths of a cent on every gallon sold — was tacked on to the end of the 959-page bill, which is winding its way through Capitol […]

Yemen’s main oil pipeline bombed, crude flow stops

Armed tribesmen bombed Yemen’s main oil pipeline on Saturday, halting crude flow to the country’s main export terminal less than a month after it was repaired, oil and local officials said. The attack occurred in the Serwah district in the central oil-producing province of Maarib, they said, and caused a huge fire that prompted the […]

Iraq army prepares to storm militant-held Falluja

Iraqi security forces are preparing to storm Falluja and break a month-long standoff with militants who are in control of the city, senior security officials and troops told Reuters on Saturday. Anti-government fighters, among them insurgents linked with al Qaeda, overran two cities in the Sunni-dominated western province of Anbar on January 1. against a […]

Report Opens Way to Approval for Keystone Pipeline

The State Department released a report on Friday concluding that the Keystone XL pipeline would not substantially worsen carbon pollution, leaving an opening for President Obama to approve the politically divisive project. The department’s long-awaited environmental impact statement appears to indicate that the project could pass the criteria Mr. Obama set forth in a speech last summer […]

From PetroDollar To PetroYuan – The Coming Proxy Wars

Why would the central bank of Nigeria decide to sell dollars and buy Yuan? At first glance it might not seem the most interesting or pressing question for you to consider. But I think it is one of those little loose threads that if pulled upon carefully begins to unravel the hints and traces of […]

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