Iran’s Leader says U.S. will receive a proper response if it acts logically

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has said that the United States will receive an appropriate response if it revises its illogical attitude in practice. The Leader made the remarks during an address to thousands of people from the city of Tabriz, the capital of the northwestern Iranian province of East […]

G20 has agreed to avoid currency war

French Finance Minister Pierre Moscovici said on Saturday that the Group of 20 had agreed to avoid a currency war, affirming a shared view that exchange rates should reflect market fundamentals. “We all agreed on the fact that we refuse to enter any currency war,” Moscovici told reporters after G20 policy makers worked late on […]

Is the Dollar Dying? Why US Currency Is in Danger

The U.S dollar is shrinking as a percentage of the world’s currency supply, raising concerns that the greenback is about to see its long run as the world’s premier denomination come to an end. When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that […]

Natural Gas Drilling = A Future of Dependence

Contrary to the folktales the gas companies spin, shale gas development is not about energy independence, increased jobs, or protection from climate change. Shale gas development is about profits for the gas companies regardless of the harms or costs to the United States of America and us as citizens. It’s important not to be fooled […]

On Energy, Oil and Natural Gas – Time to Follow Through

President Obama’s State of the Union message clearly indicated he understands the role domestic oil and natural gas development can play in creating jobs and lifting the economy. Now, will he act? Will he do things to help foster an array of benefits the oil and natural gas industry can provide our country? Let’s go […]

Fracking in New York? Not for another year, if ever

Gov. Cuomo delays fracking decision again * Legal battles still to be fought * Permits could be delayed until 2014 The fracking debate in New York state is hitting new heights as regulators delay a final decision on the controversial natural gas production method, but it looks increasingly clear that it will be a year […]

Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?

Will oil soon be traded in a currency that is thousands of years old?  What would a “gold for oil” system mean for the petrodollar and the U.S. economy?  Are Russia and China hoarding massive amounts of gold because they plan to kill the petrodollar?  Since the 1970s, the U.S. dollar has been the currency […]

Who Will Win The Currency Wars?

s debate about potential currency wars heats up, commentators including myself have called out the likely losers, the Japanese yen and South Korean won being high on most lists. Much less discussed has been which countries will win from the currency wars. After all, the currency market is a zero-sum game – as one currency […]

Bruce Soltani interviews Rep. Congressman Roscoe Bartlett

This is one of those rare species, an honest politician Roscoe Bartlett sharing his views on peak oil.April 2012

US DOE moves carefully on LNG export

The US Department of Energy plans to move carefully as it considers applications to export LNG to countries that do not have free trade agreements (FTAs) with the US, Christopher A. Smith, deputy assistant US energy secretary for oil and gas in DOE’s fossil energy office, said at a meeting of state utility regulators. “This […]

Kunstler: State of the Union

   The fog of chatter about Federal Reserve money-printing shenanigans, currency wars, fiscal intransigence, exchange rates, and alphabetized rescue operations conceals the central reality of the historical moment: that all industrial economies now face epic contraction, even rip-roaring China in its absurd and spectacular bid to become the latest drive-in utopia. The so-called advanced nations […]

World Banker Makes Stunning Confession

Confession [kənˈfɛʃən] n 1. the act of confessing 2. something confessed 3. an acknowledgment or declaration, esp of one’s faults, intentions, misdeeds, or crimes… THE FORMER PRESIDENT OF THE WORLD BANK, JAMES WOLFENSOHN, MAKES STUNNING CONFESSIONS AS HE ADDRESS GRADUATE STUDENTS AT STANFORD UNIVERSITY. HE REVEALS THE INSIDE HAND OF WORLD DOMINATION FROM PAST, TO […]

Putin Turns Black Gold Into Bullion as Russia Out-Buys World

When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in […]

Mali a foothold for 21st century resource wars in Africa

“In Syria, the terrorists are friends of Hollande. And now they are accusing the ‘terrorists’ in Mali in trying to overthrow a sovereign state. But in Syria, it seems to be ok to overthrow the sovereign state. So we are there to defeat the ‘terrorists’ in Mali, but they are friends in Syria. This is […]

Saudi-Japan oil accord on cards

Japan and Saudi Arabia will sign an agreement this weekend that will allow Tokyo to make emergency requests for additional supplies of crude oil, Japan’s Nikkei newspaper reported in its yesterday’s edition. The agreement would set up a telephone hotline between the two governments to allow Japan to quickly seek additional oil supplies in the […]

Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46%

While the rest of the developed world is scrambling here and there, politely prodding its central bankers to destroy their relative currencies, all the while naming said devaluation assorted names, “quantitative easing” being the most popular, here comes Venezuela and shows the banana republics of the developed world what lobbing a nuclear bomb into a […]

John Michael Greer: The Center Cannot Hold

When William Butler Yeats put the phrase I’ve used as the title for this week’s post into the powerful and prescient verses of “The Second Coming,” he had deeper issues in mind than the crisis of power in a declining American empire.  Still, the image is anything but irrelevant here; the political evolution of the […]

China at risk with Venezuela oil bet

Referring to the evolving political crisis in Venezuela, a Shanghai Academy of Social Science scholar, Zhang Jiazhe, recently remarked, if Hugo Chavez dies, “the diplomatic effect on China won’t be large because China-US competition is in Asia not Latin America. Economically, China-Venezuela relations are based on oil and weapons sales”. Back in 2006, Beijing University […]

Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow

Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation, the government of Cristina Kirchner announced a two-month price freeze on supermarket products. The price freeze applies to every […]

US DOE to move carefully on LNG export

The US Department of Energy plans to move carefully as it considers applications to export LNG to countries that do not have free trade agreements (FTAs) with the US, Christopher A. Smith, deputy assistant US energy secretary for oil and gas in DOE’s fossil energy office, said at a meeting of state utility regulators. “This […]

Iran-US Talks: Path to Peace or Confidence Game?

Last March President Barack Obama told the annual meeting of the American Israel Public Affairs Committee that he would do whatever it takes to stop Iran getting a nuclear weapon. But if avoiding a new war in the Middle East means believing Iran has forsaken its pursuit of a nuke, Obama faces a problem. Over […]

IMF Confirms Chinese Yuan/Renminbi Set to Become a Global Reserve Currency

The IMF has confirmed the Yuan/Renminbi is set to become a Global Reserve Currency at an Economic Forum in Hong Kong. With China’s economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an economic forum in Hong […]

Califorinia’s Vast Oil Reserve May Now Be Within Reach, and Battle Heats Up

Secure in this state’s history and mythology, the venerable Midway-Sunset oil field near here keeps producing crude more than a century after Southern California’s oil boom. Many of its bobbing pump jacks are relatively short, a telltale sign of the shallowness of the wells and the ease of extracting their prize. But away from this […]

Energy Secretary Chu to Resign

U.S. Energy Secretary Steven Chu will resign from his position, with plans to return to teaching and research in California, Chu told U.S. Department of Energy employees in a letter Friday. “I came with dreams, and am leaving with a set of accomplishments that we should all be proud of,” said Chu, noting that his […]

Is the Pentagon Buying Iranian Oil?

A new report by the Special Inspector General for Afghan Reconstruction (SIGAR) suggests there is a likelihood that the Department of Defense inadvertently purchased fuel from US-sanctioned Iran. The United States paid for the purchase and delivery of fuel to the Afghan security forces for years, totaling $1.1 billion for just the Afghan army since 2007. […]

Russian Mig Buzzes Israel After Attack on Syria

The Syrian announcement of an Israeli air strike on a military site near Damascus Wednesday, Jan. 30, drew strong condemnation from Moscow the next day: “Such action if confirmed would amount to unacceptable military interference in the war-ravaged country,” said the statement issued by the Russian Foreign Ministry Thursday. “If this information is confirmed, then […]

The Linchpin Lie: How Global Collapse Will Be Sold To The Masses

In our modern world there exist certain institutions of power.  Not government committees, alphabet agencies, corporate lobbies, or even standard military organizations; no, these are the mere “middle-men” of power.  The errand boys.  The well paid hitmen of the global mafia.  They are not the strategists or the decision makers.  Instead, I speak of institutions […]

The legacy of Fukushima: Two years on

It has been nearly two years since the world watched in horror as the Fukushima Daiichi reactor buildings exploded, one by one. Although the death and destruction that were caused by the tsunami were far worse, the nuclear crisis provided a harrowing global spectacle, with heroes like the 50 or so workers who stayed onsite, […]

Israeli jets bomb Syria-Lebanon border

Israeli fighter jets have struck a convoy on the Syria-Lebanon border suspected of carrying sophisticated Russian-made surface-to-air missiles, Al Arabiya correspondent Ziad Halabi reported from Jerusalem on Wednesday. Halabi said “security indications” pointed to a convoy carrying surface-to-air missiles being smuggled into Syria via the Lebanese border. The Lebanese army had reported a heavy presence […]

Netanyahu Deploys ‘Syrian’ Iron-Dome As Israeli Minister Claims US Preparing ‘Surgical’ Strikes Against Iran

Israeli PM Benjamin Netanyahu says his nation must prepare for the threat of a chemical attack from Syria, amid concern at enemy efforts to test a post-election coalition Israel, and, as Bloomberg reports, has deployed its new Iron Dome anti-missile system near the border with its northern neighbor. Along with this concern, as many have perhaps suspected, […]

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