Teodros Adhanom, the Ethiopian foreign minister, has turned to Twitter almost every night for the last three weeks to tersely report the number of his countrymen expelled from Saudi Arabia. “Last night arrivals from Saudi reached 100,620,” he wrote on Friday, describing a fraction of one of the largest deportations in recent Middle East history. […]
1998 Peak oil is the point in time when the maximum rate of petroleum extraction is reached, after which the rate of production is expected to enter terminal decline. Global production of oil fell from a high point in 2005 at 74 mb/d, but has since rebounded setting new records in both 2011 and 2012. […]
Few people realize that it was oil — the shortage of oil — that precipitated the Japanese attack on Pearl Harbor on December 7, 1941. Tensions between the United States and Japan were rising throughout that fateful year. Having initiated a war with China (America’s ally) and occupied Indochina, Japan’s totalitarian government was intent on […]
President Obama’s “all of the above” energy strategy just doesn’t fit in many places, especially not in the Arctic Ocean. As the Arctic is heating up twice as fast as the rest of the world and melting at record rates, the Obama administration wants to know if additional oil drilling in more places in the […]
Saudi Arabia’s oil minister welcomed Iran back to the international market pending the removal of sanctions next year. At a rollicking OPEC meeting Saudi Arabian officials downplayed the risk of excess supply driving down prices, suggesting the nation will continue to produce at maximum capacity regardless of price. For its part Iran said it’s all […]
Envision Utah didn’t tell Utahns they should build light rail, says Robert Grow. Utahns expressed their hopes and desires for the future, and plans for transit construction arose from those values. Photo: Visit Salt Lake/Eric Schramm If you’ve ever wondered how a deep-red state like Utah has managed to build some of the most ambitious […]
The U.S. State Department extended six-month Iran sanctions waivers on Friday to China, India, South Korea and other countries in exchange for their reducing purchases of Iranian crude oil earlier this year. The waivers had been expected. Under a law governing sanctions imposed on Iran’s disputed nuclear program by the United States, the State Department […]
Saudi spy agency, Mossad last week hashed out proposal for production of malware ‘worse than Stuxnet,’ says the state-owned Iranian news agency. Israel and Saudi Arabia are reportedly collaborating to create a new destructive computer worm to “spy on and destroy the software structure” of Iran‘s nuclear program, the semi-official Iranian news agency Fars said […]
Escalation of response in South China Sea is the first time China is known to have sent military jets in zone alongside foreign craft. China scrambled fighter jets to investigate US and Japanese aircraft flying through its new air defence zone over the East China Sea on Friday as the regional clamour over the disputed […]
New York has issued a moratorium for hydraulic fracturing in the portions of the Marcellus Shale that fall within its borders, but the state is benefiting economically and environmentally from the fracking going on in neighboring Pennsylvania, as NPR reported. New York City, for example, has rolled out a program, “NYC Clean Heat,” to encourage […]
In case there was any confusion just how “historic” last week’s agreement with Iran, loudly trumpeted by the Obama administration as the most “historic” since Syria in a, well, long time, truly was in terms of curbing Iran’s nuclear ambitions, here is the explanation straight from the horse’s mouth i.e., Iran president Hassan Rouhani who […]
Agreement to allow pumping of oil and gas through Turkey to world markets likely to anger Baghdad, reports suggest. Oil and gas from Iraqi Kurdistan will soon be exported via pipelines through Turkey, after a tranch of contracts were signed in secret this week, Reuters news agency reports. The deals were reportedly completed on Wednesday during a three-hour […]
This afternoon, one of my correspondents asked me the following question: What’s your put on the new Iranian agreement, can the weapon program be capped and verification assured? Here was my response: I am happy that there is an interim agreement. It indicates that some people are starting to recognize that Iran is probably telling […]
Pair of American B-52 Bombers Fly Over Disputed Islands The U.S. moved forcefully to try to counter China’s bid for influence over increasingly jittery Asian neighbors by sending a pair of B-52 bombers over disputed islands in the East China Sea, U.S. officials said Tuesday. The B-52s took off from Andersen Air Force Base […]
China’s aggressive quest for foreign oil has reached a new milestone, according to records reviewed by Reuters: near monopoly control of crude exports from an OPEC nation, Ecuador. Last November, Marco Calvopiña, the general manager of Ecuador’s state oil company PetroEcuador, was dispatched to China to help secure $2 billion in financing for his government. […]
UPDATE: Details of the deal are emerging including $4.2bn in FX Despite earlier denials from Iran’s Deputy FinMin, EU, Iran, and US officials have confirmed: *IRAN NUCLEAR ACCORD WITH WORLD POWERS ENDS 10-YEAR DEADLOCK *IRAN WILL HALT 20% ENRICHMENT FOR 6 MONTHS, FARS REPORTS *IRAN AGREEMENT DOESN’T FORMALLY RECOGNIZE RIGHT TO ENRICH *IRAN AGREEMENT WILL […]
Israel and Saudi Arabia may cooperate in an attack on Iran’s nuclear facilities following the announcement of a six-month interim agreement between the P5+1 and Iran on Sunday in Geneva. Javad Zarif, Iran’s foreign minister, characterized the agreement as a major success. He said Iran will cooperate with the United Nations’ International Atomic Energy Agency […]
An Iranian deputy oil minister called on India to join an under-construction pipeline projected to carry natural gas from Iran to Pakistan. Ali Majedi, who is a deputy minister for international and commercial affairs, said Iran expects India to overcome its doubts and join the pipeline, previously known as Peace Pipeline, reported FARS news agency. […]
A group of Syrian rebel brigades, including an affiliate of Al Qaeda, seized a large oil and gas field from government forces on Saturday, opposition activists said, further depriving the government of President Bashar al-Assad of the resources it needs to remain solvent. Videos posted online showed scores of black-clad rebels walking through a large […]
The frequent chatter about the inevitable decline of the United States has become almost an unchallenged shibboleth. Every week more bad news about the United States seems to confirm this notion. The country seems ungovernable with a hyper-partisanized Congress, a 16-day government shutdown, the weak economic recovery and the vast NSA spy scandal. In an […]
Secretary of State John Kerry and leaders from five other world powers early Sunday reached a nuclear deal with Iran, following intense negotiations that took place over several days in Geneva. The deal represents a historic breakthrough in the world’s decade-long nuclear standoff with Iran, and in the 35-year-long diplomatic freeze between Iran and the […]
Chinese Foreign Ministry spokesman Hong Lei said China’s crude oil imports from Iran are in line with sanctions targeting the Iranian energy sector. “Our cooperation with Iran on crude oil is transparent, open, reasonable and commercial in nature. It does not run counter to U.N. resolutions or damage third-party interests,” Hong said in a report […]
The nuclear deal signed on Sunday will not allow any more Iranian oil into the market, or let western energy investors into the country, but it does freeze U.S. plans for deeper cuts to Iranian crude exports, Washington says. Iran and six world powers reached a breakthrough deal early on Sunday to curb Tehran’s nuclear […]
They’re Pimps … Selling Out the American People For a Price The Washington Times reported yesterday that Nuclear Regulatory Commission workers watch porn instead of cracking down on unsafe conditions at nuclear plants. That’s not an isolated problem … We noted last year: Investigators from the Treasury’s Office of the Inspector General found that some […]
Last spring, I sent an e-mail to the author Philip Slater telling him how much his work had meant to me over the years. His early work, “The Pursuit of Loneliness: American Culture at the Breaking Point,” helped me see how destructive our extreme individualism is. As The New York Times put it: “The book, […]
China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. The central bank of China has decided that it is “no longer in China’s favor to accumulate foreign-exchange reserves”. During the third quarter of 2013, China’s foreign-exchange reserves were valued at approximately $3.66 trillion. And of […]
Big Oil has squared off against Big Agriculture in the dispute over the federal mandate to mix corn-based ethanol into the nation’s fuel supply. Both sides are powerful and self-interested, but Big Oil has the edge in this case for being right. The ethanol mandate should be cut because it is a misguided policy. It […]
Canadian Natural Resources Minister Joe Oliver said from London energy standards in the European Union discriminate against Canadian crude oil grades. “Canada supports the EU Commission’s objective of reducing greenhouse gas emissions for transportation fuels but believes it must be based on science and facts,” Oliver said Tuesday from London. “Unfortunately, the Fuel Quality Directive, […]
accident in Omar Mokhtar Avenue in downtown Tripoli. Nobody was injured but there’s a bumper hanging off the back of a car. In just a few seconds, a group gathers around. “Forget about insurance companies in Libya,” says Mansur, a 30-year-old satellite dish installer. “The main problem is that you can easily run into somebody […]
Govt officials no longer to be judged solely on economic growth * “Unified regulation” pledge could augur stronger ministry in new year By David Stanway BEIJING, Nov 18 (Reuters) – China will steer local governments away from the pursuit of economic growth at all costs and beef up their powers to punish polluters as part […]
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