U.S. Furious With Israel After Sale of Advanced Military Technology to China

The Israeli Defense Ministry’s Head of Defense Export Control, Meir Shalit, resigned last week after the United States expressed anger over a decision he made to sell sensitive military equipment to China, Israeli daily Ma’ariv reported on Sunday. At the time, Shalit did not provide a reason for his resignation. Washington asserted that his authorization […]

‘Shahed 129’ IRANS newly unveiled ATTACK DRONE

The Islamic Republic of Iran has launched the mass-production of the indigenously developed Shahed 129 unmanned aerial vehicle (UAV), which was unveiled in September 2012, the Islamic Revolution Guards Corps (IRGC) announced. The drone was displayed recently in an armed configuration, carrying four guided missiles (Sadid) loaded on two twin-launchers, carried underwing. Iranian sources stated […]

Canadian Approves Plans for an Oil Pipeline

An environmental and economic review panel approved plans for a pipeline and port project that, if built, will move oil from Alberta’s oil sands to tankers on Canada’s Pacific Coast. After approval stalled in Washington for the Keystone XL pipeline, which would link the oil sands to the United States Gulf Coast, the Enbridge Northern […]

Hurrah! The European Union Will Not Be Regulating Fracking For Natural Gas

One of the worries that we over here in Europe have had is that the European Union will decide to regulate the practice of fracking for natural gas. No, this isn’t because we believe (nor that I believe either) that there should be no regulation at all. Rather, because the EU itself is the wrong […]

Desperate to Boost Oil Production, Venezuela Moves to Devalue Currency

On December 16, 2013, Venezuelan President Nicolas Maduro outlined plans to use a weaker exchange rate in order to lift the prospects of its ailing oil sector and deal with a worsening economic crisis. Venezuela’s foreign exchange reserves have depleted to their lowest levels since 2004. The weaker exchange rate allows the government to earn […]

Saudi oil minister says market fears oil shortages

Worries about supplies have caused the oil market’s pricing dynamics to shift in recent days, Saudi Arabia’s oil minister said on Saturday. “Did you see what happened over the past three days? The market shifted from contango to backwardation, because people are expecting a shortage,” Ali al-Naimi told reporters on the sidelines of an Organization […]

Experts Fear Nuclear Famine: “A Disaster So Massive in Scale that No Preparation is Possible”

At last count, there are eight countries in the world that have officially designed, developed and tested nuclear weapons. Another two (Israel and Iran) deny they have built or are building such weapons, but the probability that Israel has them and that Iran is building them is believed by members of the international community to be extremely […]

Oil-rich South Sudan teeters on the brink

South Sudan this week saw heavy fighting with as many as 500 killed or wounded, as army factions clashed in the capital following months of political tension in the oil-rich nation after the president dismissed his deputy. President Salva Kiir, clad in military fatigues rather than his signature cowboy hat and trademark black suit, said […]

EPA agrees to ‘take another look’ at biofuel blending rules

* 16 farm-state Senators urge agency not to cut biofuel blending quotas * Despite EPA administrator’s assurances, major changes unlikely – expert * EPA seeks to put biofuel blending program on “manageable trajectory” The U.S. Environmental Protection Agency (EPA) has agreed to “take another look” at a controversial proposal to reduce consumption mandates for corn-based […]

The Taper Is On – 8 Ways That This Is Going To Affect You And Your Family

The unelected central planners at the Federal Reserve have decided that the time has come to slightly taper the amount of quantitative easing that it has been doing.  On Wednesday, the Fed announced that monthly purchases of U.S. Treasury bonds will be reduced from $45 billion to $40 billion, and monthly purchases of mortgage-backed securities […]

The story of Plume-Gate, the world’s largest, provable cover-up

Part 1 Plume-Gate: the world’s largest, provable cover-up and conspiracy “For we are opposed around the world by a monolithic and ruthless conspiracy that relies on covert means for expanding its sphere of influence–on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of […]

A New Movement for Community Self-Determination

Some communities in Ohio are fed up by the way that corporations, colluding with state legislatures, simply override the concerns of local communities.  Communities are often helpless in preventing their local environment from being blighted by hydrofracking, factory farming, and the extraction of groundwater supplies, among other enclosures of the commons. So, banding together as […]

The U.S.’s crude oil policy

THE UNITED States again is one of the world’s great energy powers. On Monday, the U.S. Energy Information Administration projected that American crude oil output will peak at nearly 10 million barrels per day by mid-decade, up from 6.5 million last year. Last month, the International Energy Agency figured that the United States would overtake […]

How Mexico Can Restrike Oil

The far-reaching energy reform that Mexico’s Congress approved on Thursday was overdue, but it’s not enough to repair the damage caused by the state’s 75-year monopoly of the oil sector. Politicians intent on modernizing the country’s crippled oil business will need to make the sector more transparent, strike deals with oil companies that are advantageous […]

Is Poland the Next Major Shale Gas Producer?

European Nation Moves Closer to Production I’m talking about Poland.  In an attempt to broaden its energy portfolio and wean itself off Russian natural gas, a renewed push for shale development is kicking off. As of last month, new Polish Environment Minister Maciej Grabowski has made it a personal mission to turn Poland around and […]

Iran Minister Says Nuclear Talks Will Continue

Iran Foreign Minister Mohammad Javad Zarif said the Islamic Republic is committed to reaching an accord over nuclear activities even as the U.S. seeks to punish companies for possibly violating sanctions. Zarif, in an interview today on CBS’s “Face the Nation” television program, said it was “a very wrong move” for the U.S. government to […]

Pakistan Government all set to increase gas tariff by up to 124 percent

The government is all set to increase gas tariff for all the gas consumers, excluding domestic sector, ranging from 14 to 124 per cent. Gas utilities – Sui-Northern Gas Pipelines Limited (SNGPL) and Sui-Southern Gas Company Limited (SSGCL) – have submitted the petitions with Oil and Gas Regulatory Authority (Ogra), which is expected to approve […]

Why crude ignores Iran

Judging by the oil markets’ knee-jerk response to last month’s interim deal with Iran, one might have thought we are back in the heady days when oil was at the heart of global politics, industry, and commerce. Well we aren’t, and in fact we also won’t return there after the sanctions will be lifted. Traders […]

Is War With China Inevitable?

As a general rule, extreme economic decline is almost always followed by extreme international conflict. Sometimes, these disasters can be attributed to the human survival imperative and the desire to accumulate resources during crisis. But most often, war amid fiscal distress is usually a means for the political and financial elite to distract the masses […]

Front End Loader Dreams

This Week: 1. 19 COPs won’t do 2. Mi’kmaq kick out the frackers 3. Thai pigs back the fuck down 4. Front End Loader Dreams 5. Greek cops on Fire 6. B.o.B. 7. Black Peter is Racism

Iranians Pull Out of Nuke Talks

Update: White House defends implementation of sanctions, tells reporters to question Iranian delegation Iranian negotiators abruptly ended nuclear talks with Western powers in Vienna on Friday just a day after the Obama administration announced tighter sanctions on Tehran. Iran had threatened that new or tighter sanctions would nullify the recently reached Geneva interim deal, which […]

Mexican Congress Approves Historic Energy Bill

Mexico’s Congress voted Thursday to open the country’s moribund state-run oil industry to foreign and domestic investors, casting aside nationalist opposition to approve the most dramatic energy reform in seven decades. The 353-134 vote will allow the government to give private companies contracts and licenses to explore and drill for oil and gas, deals now […]

Showdown on Iraqi Kurds’ oil, gas is looming

The thorny dispute over Iraqi Kurdistan’s oil riches is likely to heat up in the weeks ahead, aggravating tensions in a flashpoint region at a time when al-Qaida bombers are wreaking havoc across the country spurred by the civil war raging in next-door Syria. The semi-autonomous Kurdish Regional Government in the Kurdish enclave that spans […]

Iran, world powers work on how to implement nuclear deal

Experts from Iran and six world powers labored for a fourth day on Thursday to work out exactly how to implement last month’s breakthrough deal for Tehran to curb its nuclear program in return for limited sanctions easing. The length of the closed-door discussions at the Vienna headquarters of the U.N. nuclear watchdog indicated the […]

Ukraine’s Two New Energy Deals

If one was to believe the picture that most Western media outlets are painting, Ukraine has been lost to Russia. Though the country fought valiantly to sign an Association Agreement with the European Union in Vilnius, Lithuania last month, President Viktor Yanukovych suspended negotiations with the EU at the last possible moment, betraying Ukrainians everywhere. […]

Deepwater Oil Drilling in Gulf Included in Budget Deal

Deepwater oil and gas exploration would be allowed to proceed in parts of the western Gulf of Mexico as part of a budget compromise announced yesterday. Language in the legislation would implement a 2012 U.S.- Mexico Agreement concerning hydrocarbon reservoirs in parts of the gulf that cross the international maritime boundary. U.S. domestic crude production […]

Canada Plans Claim That Would Include North Pole

Canada plans to make a claim to the North Pole in an effort to assert its sovereignty in the resource-rich Arctic, the country’s foreign affairs minister said Monday. John Baird said the government has asked scientists to work on a future submission to the United Nations claiming that the outer limits of the country’s continental […]

Saudi call for Gulf Arab union faces hurdles

Saudi Arabia’s dream of binding the Gulf Arab states into a union will get a sceptical hearing at a summit this week, with differences over Iran, Egypt and Syria demonstrating that the Gulf’s absolute monarchs do not all speak with one voice. Saudi Arabia’s King Abdullah proposed two years ago for a stronger union with […]

Reasons for Optimism in Iran

Here, as promised, are my reasons to feel positive about the (still unimplemented) interim nuclear deal between the Great Powers and Iran:         Just kidding. Sort of. While I believe that Iran has so far generally outsmarted, and outplayed, the West (and I include Benjamin Netanyahu’s Israel as one of those countries […]

Mexico New Bill to Open Oil Fields

Senators from Mexico’s two biggest political parties have released a bill to break the nation’s 75-year oil monopoly by amending the constitution to allow production sharing contracts and licenses for outside producers. The joint legislation would allow private companies such as Exxon Mobil Corp. (XOM) to develop fields in the largest unexplored crude area after […]

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