Obama welcomes Middle East talks, says hard choices remain

President Barack Obama welcomed Israeli-Palestinian talks starting in Washington later on Monday but cautioned that a tough path lies ahead. “This is a promising step forward, though hard work and hard choices remain ahead,” Obama said in a statement. “I am hopeful that both the Israelis and Palestinians will approach these talks in good faith […]

What the World’s Middle Classes Are Really Protesting

Still-smoldering protests from Egypt to Brazil have set off a race among scholars and journalists to identify the roots of this summer of discontent in the emerging world. Each major theory starts at the bottom, with the protesters on the street, and notes a common thread: young, Twitter-savvy members of a rising middle class. In this telling, the […]

Deadly clashes during pro-Morsi protest in Egypt

Dozens of people died early Saturday in Egypt after huge street protests pitted supporters of ousted Islamic President Mohammed Morsi against demonstrators backed by the Egyptian army. CBS News’ Clarissa Ward reports from Cairo that two different versions of events were being told by the different sides involved in the clashes. The Interior Ministry said […]

Iran stands high chance of winning chairmanship of OPEC

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC), Vienna, Austria (file photo) Sat Jul 27, 2013 7:1AM The election to pick OPEC’s secretary general is scheduled to be held in Vienna on December 4, with Iran, Iraq and Saudi Arabia vying for the post.” An Iranian lawmaker says chances are high for […]

Less Than 1 Percent of Tar Sands Infractions Penalized

A new report finds that enforcement of environmental infractions by companies in the Alberta oil sands are 17 times lower than similar infractions reported to the United State’s Environmental Protection Agency (EPA). The report [pdf], authored by the environmental non-profit Global Forest Watch, looked at more than fifteen years of data on recorded environmental mishaps by oil sand’s companies, […]

OGPSS – Of Egyptian Bread and Oil

The turmoil in the Middle East shows little sign of ending in the near future, and the potential lack of enough cheap fuel for the population is a warning that the levels of unrest may continue and even get worse. There is, however, some hope for enough local supply in the near term to help […]

Can a president control gas prices?

In the midst of the summer driving season, the price of a gallon of gas continued to rise this week, and President Obama’s job approval rating continued to fall. Inquiring minds want to know: Do Americans believe the president has any power to control gasoline prices? It turns out the answer depends on whether you […]

Big Oil’s Alaska problem

The industry got a coveted tax cut from the state, but did it overreach? By Craig Giammona Alaska Governor Sean Parnell FORTUNE– Oil companies operating in Alaska scored a long-awaited victory this spring when Gov. Sean Parnell signed legislation significantly cutting state taxes on oil profits.  But even before Parnell put his pen to the tax […]

Lindsey Graham Wants Attack on Iran by October

Senator Lindsey Graham has vowed to introduce legislation in September or October to authorize a military attack on Iran. “If nothing changes in Iran, come September, October, I will present a resolution that will authorize the use of military force to prevent Iran from developing a nuclear bomb,” Graham told a “cheering” audience at a […]

Who controls Syria’s oil?

With oil reserves divided between government and opposition, we discuss the role of natural resources in Syria’s war. The international demand for Syrian oil was once high but the global embargo has changed all that – now one of the country’s most invaluable assets is being squandered in the name of war. With all the […]

The Peak Oil Crisis: A Summer Review

Regardless of where we call home, the famous conservationist John Muir observed more than a century ago, “everybody needs beauty as well as bread, places to play in and pray in, where nature may heal and give strength to body and soul.” This week I saw both the epitome of this quote and a sharp […]

‘Saudi America’ remains a Washington fantasy

All the terabytes of information the professional investor is expected to master, or, at least, regurgitate in front of the committee in charge of their compensation, could really be reduced to two data series: 10-year interest rates in a major currency, and the price of oil. If some device could tell you what those would […]

The decline of an empire

Guest post by Alexander Ac Given that City of Detroit has now officially filed for bankruptcy, it is worth to look at the bigger picture. Is the fate of once mighty city just a short pause on the way to further prosperity? Or is it rather a symptom of something bigger and more widespread regarding […]

The Extraenvironmentalist: Next US Revolution

Podcast: Play in new window | Download (Duration: 2:08:15 — 117.5MB) | Embed Podcast (96kbps): Play in new window | Download (Duration: 2:08:33 — 88.3MB) | Embed With a media ecosystem focused almost entirely the corporate system, burgeoning elements of a new economy revolution escape the mainstream eye. As our political systems stagnate in the face […]

Bahraini parliamentarian’s house attacked for second time

Assailants attacked the home of a Bahraini member of parliament with petrol bombs on Sunday for the second time in a week, the state news agency BNA said, the latest in a series of assaults on public officials and security personnel in the kingdom. The most recent attack on the home of Abbas Isa al-Madi, […]

Iran in the Era of Moderation and Reform

Do you expect a miracle from Rouhani? You are heading down the wrong road. Please take it easy! This was the initial sentiment among Iranian president-elect Hassan Rouhani’s supporters in social networks, blogs, the media, virtual or actual forum discussions and post-election gatherings days after his victory in Iran’s eleventh presidential election. Iranians were excited […]

BP Oil Spill Payments Will NOT Be Suspended

A federal judge refused Friday to temporarily shut down a multibillion-dollar settlement program for compensating victims of BP’s 2010 Gulf oil spill, saying he has seen no evidence of widespread fraud among the tens of thousands of claims. The judge also said he was offended by what he saw as attempts to smear the lawyer […]

The Race Out of the Door: F. William Engdahl The Matterhorn Interview

On behalf of Matterhorn Asset Management / GoldSwitzerland, financial journalist Lars Schall met economic researcher and geopolitical analyst F. William Engdahl for a special video-interview series in three parts. In the first part, “The Race Out of the Door,” you see them talk about, inter alia: the deeper causes for the financial crisis; modern banking […]

Is America’s Social Contract Broken?

As Voltaire observed, “No snowflake in an avalanche ever feels responsible.” This is precisely how empires collapse. Correspondent Kenneth D. recently made the case that the Social Contract in America is broken. Kenneth offered two links for context: Social Contract (Wikipedia) and OECD calls time on trickle down theory. Here is Kenneth’s commentary: Society has […]

US preparing for war in Syria, top US general says

President Barack Obama is considering using military force in Syria, and the Pentagon has prepared various scenarios for possible United States intervention. Army Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said the Obama administration is deliberating whether or not it should use the brute of the US military in Syria during a […]

Lift the Ban on US Oil Exports

The last time serious talk about exporting oil was heard in Washington, the Soviet Union still loomed, the Reagan Revolution had yet to take place and the National Basketball Association had an equitable distribution of talent. It was the 1970s, and with the Arab oil embargo a fresh memory and fears that domestic drilling had […]

Indonesia requires better population management

Indonesia requires better population management so its huge population can be turned into quality human resource potential, according to National Family Planning and Population Agency head Fasli Jalal. Speaking at the commemoration ceremony of the 20th Family Day in Bantul, Yogyakarta, on Tuesday, Fasli said in order to turn people into smart, healthy and qualified […]

So About That $2 Gas…?

U.S. gasoline prices are expected to remain volatile for the month because of geopolitical fallout in the Middle East. Concerns over the global oil supply are fading away from the minds of most consumers and few people care even less about the unrest in Egypt. A weekend survey said gasoline prices were in decline, though […]

Detroit: An American Autopsy

Go ahead and laugh at Detroit because you are laughing at yourself. -Charlie LeDuff, Author of Detroit: An American Autopsy As Andrew Burleson was putting the finishing touches on his post here last week about Detroit’s pending bankruptcy, I was on vacation pondering a powerful book by Charlie LeDuff (twitter) that I had just finished […]

Despite Dangers, U.S. Increases Dependence on Coal for Electricity

Conservatives opposed to President Barack Obama’s plan to have the Environmental Protection Agency (EPA) regulate carbon emissions for power plants because the market for fossil fuels is already encouraging a switch from coal to natural gas will have to find a new argument, according to a recent report from the Department of Energy.   The […]

Pentagon denies US is about to ‘invade’ Egypt

The Pentagon and the US Embassy in Cairo have denied reports in the Egyptian media that an American task force in the Red Sea is preparing to “invade Egypt.” Pentagon Press Secretary George Little took to Twitter on Saturday to say that such reports are “absolutely wrong,” ABC NEWS reported. Some Egyptian press reports suggest […]

Netanyahu says Iran continues ‘race toward bomb’

PM tells cabinet, CBS Rohani’s election has not slowed Islamic Republic’s nuclear program; calls for harsher sanctions, ‘credible military option’, promises not to wait until its too late While the world’s eyes are fixed on Syria and Egypt, Prime Minister Benjamin Netanyahu is trying to push Iran’s nuclear program back into the lime light.   […]

Kuwait sends $200 million worth of oil to Egypt

Kuwait has sent two oil tankers carrying crude and diesel worth $200 million to Egypt, a Kuwaiti newspaper said on Sunday, part of a $4 billion aid package pledged by the Gulf Arab state last week after the ouster of Islamist President Mohamed Mursi. Kuwait last week joined other oil-producing Gulf states in pledging a […]

Saudi missile sites target Iran, Israel

The discovery is a sign that Saudi Arabia has prepared for the possibility that Iran will become a nuclear power, and it’s a reminder that a decades-long truce between Saudi Arabia and Israel is just that, and not a peace treaty, one analyst says. Saudi Arabia has built missile launch pads that target both Iran […]

Lac-Megantic train crash: How it will change Canadian oil

The Lac-Megantic train crash, among other recent oil mishaps, is making it difficult for Canada to put a good face on their oil resources. Canadian Prime Minister Stephen Harper said parts of Quebec look like a ‘war zone’ following last weekend’s Lac-Megantic train crash. Canadian oil production is expected to be in a boom cycle for the next […]

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