As Cyprus Collapses, It’s A Race To The Mediterranean Gas Finish Line

Cyprus is preparing for total financial collapse as the European Central Bank turns its back on the island after its parliament rejected a scheme to make Cypriot citizens pay a levy on savings deposits in return for a share in potential gas futures to fund a bailout. On Wednesday, the Greek-Cypriot government voted against asking […]

Benoit Thevard – Europe facing peak oil – European Parliament

Benoît Thevard presents the conclusion of the report “Europe facing peak oil” at the European Parliament in November 2012. This study, commissioned by the MEP Yves Cochet, aimed to clearly redefine the contours of the oil situation, to place them in the current geopolitical and economic contexts, and to consider the potential impact on Europe. […]

Can Natural Gas Save Cyprus?

After Cyprus was left scrambling to salvage a bailout package left nearly dead after a titanic misstep last week, the country’s new-found energy potential finally entered the conversation despite assurances from on high that it would not. Cyprus is one of a handful of countries in the Eastern Mediterranean with a firm claim on one […]

Cyprus is really screwed

At this point the Cyprus situation is pretty clear — and clarity does not bring reassurance. In fact, it looks as if Cyprus has managed to combine in one place everything that has gone wrong elsewhere. 1. Runaway banking. Cyprus has a huge banking system — assets around 8 times GDP — based on a […]

Kill the Oil and Gas Subsidies

In a world where $100-a-barrel oil is here to stay, there’s no need to pad the industry’s bottom line. When Saudi Arabia’s longtime oil minister, Ali Al-Naimi, opens his mouth, the world listens. Yesterday, during a speech in Hong Kong, he delivered a message that U.S. policy makers in particular would do well to take note […]

Iraq After Ten Years

March 19, 2013. Ten years ago today the Bush regime invaded Iraq. It is known that the justification for the invasion was a packet of lies orchestrated by the neoconservative Bush regime in order to deceive the United Nations and the American people. The US Secretary of State at that time, General Colin Powell, has […]

10-Year Iraq War Anniversary: What We’ve Learned In the Past Decade

Reflections On a Major Debacle Preface:   Many experts and alternative writers pointed out the false justifications and huge downsides before the Iraq war started.  I know for a fact that many letters and phone calls were made to Congress in an attempt to stop the war. And the protests against the Iraq war were the […]

End the export ban

The US should scrap its antique prohibition against the export of domestically produced crude oil. The sole argument for retaining the export ban is unsound. Perhaps unwittingly, it also conspires with antioil politics impeding another important element of North American petroleum logistics. Congress banned exports of crude oil when it passed the Energy Policy and […]

Egyptians Turn to Vigilante Justice as Economy Worsens

A group of residents near the Egyptian town of Mahala shot dead a man suspected of stealing a truck on the same day that two other alleged thieves of a rickshaw were strung up by their feet, highlighting the nation’s security vacuum. The cases yesterday in the two Nile Delta towns, reported by the state-run […]

Peak Oil: The High Art Of Denial

The Senate’s top Republican on energy issues, Lisa Murkowski of Alaska, has crafted a blueprint for U.S. energy policy that calls for increased drilling while opposing laws to cap greenhouse gases that are blamed for global warming…. Murkowski, the top ranking Republican on the Senate energy committee, argues energy is too often seen as a […]

Kissinger Sees Little Hope for Mideast Peace, Arab Spring

Former Secretary of State Henry Kissinger says there is little chance of any breakthrough in stalled Israeli-Palestinian peace talks, as President Barack Obama visits Israel next week on his first trip there since taking office. “I’m not optimistic” about reviving peace talks, in large part because of the rise of the Muslim Brotherhood and other […]

Quit blaming ‘Big Oil’ for every problem

It is unfortunate that while the country is wrestling with a huge debt problem made more difficult by a lingering recession, one of our most vital job-producing industries gets continually scorned and targeted for tax increases. Why do President Obama and many of his party in Congress constantly refer to our most successful American oil […]

US places sanctions on Iranian firms that insure oil shipments

The Obama administration has imposed sanctions on Iranian companies it says provide insurance services to the country’s main petroleum shipper, part of the latest U.S. effort to choke funding to the Iran’s disputed nuclear program. The U.S. State Department said on Thursday it had imposed sanctions on Kish Protection and Indemnity Club, known as Kish […]

U.S. military sues Tokyo plant over nuclear disaster

Members of the U.S. military who were tasked with helping Japan with the clean-up and recovery from its 2011 nuclear power leak are now suing, claiming the company lied and downplayed dangers. The case, which was initially filed with nine plaintiffs in December, has expanded to include 26 — and 100 more are expected to […]

Obama to announce plans to fund alternative fuel research

President Obama plans to announce Friday that he will ask Congress to create an energy security trust to fund research into alternatives to gasoline, according to senior White House officials. The $2-billion fund to be disbursed over 10 years would come from increased revenue the administration expects from streamlining the permitting process for drilling, and from […]

Saudi Arabia uses al-Qaeda to foment conflicts in Muslim world

An analyst says Saudi Arabia and Qatar are fomenting war, terrorism and division in countries with Shia governments. In the background of this bomb blasts have killed over two dozen people in Baghdad with scores more injured. No group or individual has claimed responsibility for these attacks. Press TV has interviewed Zayd al-Isa, political commentator, […]

Elitists Continue to Push For War With Iran

President Obama, who takes dictation from Bilderberg, has done an about-face. After having been critical of Israel’s expansionist wars in the past, he is visiting Israel for the first time March 20 to grovel apologies. “This trip is a signal that the president has an interest in . . . the broader concerns that Israel […]

In War for Canadian Oil Sands: Keystone XL is Winning

A huge blow to the anti-Keystone XL pipeline crusade occurred earlier this month when the State Department released a “Draft Supplementary Environmental Impact Statement” (SEIS) for the proposed Keystone XL pipeline.  The report is extensive and gives detailed analysis of a myriad of issues surrounding the proposed project such as water quality, greenhouse gas emissions, […]

US Threatens Pakistan with Sanctions over Iran Gas Pipeline Deal

The US has threatened Pakistan with sanctions if it goes ahead with a multi-billion dollar pipeline deal with Iran. Hours after the official inauguration of the final phase of the Iran-Pakistan natural gas pipeline, the US State Department has said the bilateral project would force Washington to employ the Iran Sanctions Act. “We have serious […]

Orlov: The proliferation of defunct states

[Another excerpt from The Five Stages of Collapse.] The triumph of the nation-state was made possible by the triumph of industry over artisanal production, especially in the area of weaponry. Industrialization gave the larger nations the means to produce vast quantities of war matériel, in turn giving them the impetus to homogenize and standardize the […]

Sequestration will affect federal energy activities

The automatic budget cuts under the impending federal budget sequestration will adversely affect federal energy activities, warned Heather Zichal, US President Barack Obama’s chief energy and environmental policy advisor. Oil and gas producers should expect additional delays in permit application processing and regulatory decisions, she said during a Feb. 27 seminar at the Center for […]

From El Salvador to Iraq

When the Iraq war was in full swing the phrase “The Salvador Option” was used to describe the death squad operations that afflicted the country for a couple of years. Paul McGeough at the SMH points this this pair of articles in The Guardian on the men who implemented this strategy – From El Salvador […]

Keystone XL and Oil Sands: ‘The Most Responsible Choice’

Joe Oliver, Canada’s minister for natural resources, making the case for approval and construction of the full Keystone XL pipeline – on economic and environmental grounds – at IHS CERAWeek: “By any objective measure the most responsible source (for imported oil) is Canada. … There’s enough oil in the oil sands to meet the U.S. […]

Hugo Chávez Made History

In this column, Johan Galtung, rector of the TRANSCEND Peace University, writes that a few black dots should not prevent us from seeing the late Venezuelan president Hugo Chávez as a great maker of history, who lifted those at the bottom up from misery into economic wellness, political participation, cultural pride and social dignity. Galtung […]

John Michael Greer: The Hard Road Ahead

The latest round of political theater in Washington DC over the automatic budget cuts enacted in the 2011 debt ceiling compromise—the so-called “sequester”—couldn’t have been better timed, at least as far as this blog is concerned. It’s hard to imagine better evidence, after all, that the American political process has finally lost its last fingernail […]

North Korea says it will launch nuclear attack on America

NORTH Korea led by tyrant Kim Jong-Un has sensationally vowed to launch a NUCLEAR attack on the USA. The provocative statement comes weeks after the country conducted underground nuclear tests which caused a massive earthquake. A foreign ministry spokesman said: “Since the United States is about to ignite a nuclear war, we will be exercising our […]

US Plots Conquest of Venezuela in Wake of Chavez’ Death

US corporate-financier funded think-tank, the American Enterprise Institute (AEI), declared in its “post-Chávez checklist for US policymakers,” that the US must move quickly to reorganize Venezuela according to US interests. Upon its checklist were “key demands”: The ouster of narco-kingpins who now hold senior posts in government The respect for a constitutional succession The adoption […]

Russian Leader Demands Investigation of Chavez’ Death

Russian Communist Party head Gennady Zyuganov today demanded an international investigation into the death of Venezuela’s Hugo Chavez, claiming it was “far from a coincidence” that six leaders of Latin-American countries who had criticized the U.S. simultaneously fell ill with cancer. Hugo Chavez. Image: Wikimedia Commons “How did it happen that six leaders of Latin […]

Think This Can’t Happen Where You Live? Think Again…

Throughout history, bankrupt governments in decline almost ALWAYS fall back on a time-tested playbook. This includes imposing controls on EVERYTHING– wage and price controls, trade controls, capital controls, border controls, people controls. Everything. And this idea goes back to the dawn of human civilization. The Third Dynasty of Ur in ancient Mesopotamia, for example, built […]

Daniel Yergin Talks About the Impact of Venezuela’s Hugo Chavez

Daniel Yergin, vice chairman of IHS and author of “The Prize: The Epic Quest for Oil, Money & Power,” said high oil prices made Chavez’s presidency possible. “It’s too soon to say what Hugo Chavez’s death means for oil prices, but it is certainly true that oil prices are what made Hugo Chavez possible. ‘‘The […]

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