Heinberg: Scapegoat-in-Chief The Race for the Oval Office

The first two U.S. presidential debates have been painful to watch. Both candidates are running on platforms constructed from verbal hallucinations about the nation’s past, present, and future. And the American people are being asked to choose between those hallucinations in order to select the best available scapegoat for the next four years of national […]

China Tensions Are Rising

On Nov. 8, two days after the U.S. presidential election, the People’s Republic of China will convene its 18th National Congress, thus transferring leadership of the government for only the fourth time since 1949. (I wrote a column in April about what investors should watch for over the next six months in China.) In this […]

Iran says EU new sanctions are futile

Stringent new sanctions imposed by the European Union will not force Iran back into negotiations over its nuclear programme, Iranian foreign ministry spokesman Ramin Mehmanparast says. European Union governments imposed sanctions on Tuesday against major Iranian state companies in the oil and gas industry, and strengthened restrictions on the central bank, cranking up financial pressure […]

Iran’s Secret Plan to Contaminate the Strait of Hormuz

Iran could be planning to create a vast oil spill in the Strait of Hormuz, according to a top secret report obtained by Western intelligence officials. The aim of the operation is to both temporarily block the vital shipping channel and to force a suspension of Western sanctions. If there is a man who brings […]

US: Hackers in Iran responsible for cyberattacks

U.S. authorities believe that Iranian-based hackers were responsible for cyberattacks that devastated Persian Gulf oil and gas companies, a former U.S. government official said. Just hours later, Defense Secretary Leon Panetta said the cyberthreat from Iran has grown, and he declared that the Pentagon is prepared to take action if American is threatened by a […]

The Great Chess Game

Everyone is aware of a multitude of problems that besets our world, however the nature of these problems and why they exist is distorted by the media and by governments all over the world. Our leaders, corporate heads, military top-brass etc. all have a fairly good idea of what is really happening, they just don’t […]

Peak-Oil Party Platform Runs for Galician Elections

200 specific measures focus on public administration, economy, education, energy, housing, rural areas, agriculture, transportation, taxes, public health and public awareness The “Partido da Terra” (“Land Party” or “Earth Party”) is the first political organization (http://en.wikipedia.org/wiki/Land_Party) to run an election platform based on the Oil Depletion Protocol. The party, which also defends direct democracy and […]

U.S. and Israel Planning Joint Attack On Iran

The Jerusalem Post reports today that the United States and Israel are planning a joint military operation to take out Iran’s uranium enrichment facilities. The report appeared in Foreign Policy following a speech by presidential candidate Mitt Romney on foreign policy, including Obama’s stance on Iran. “Iran today has never been closer to a nuclear […]

A Primer On the REAL Global Geopolitical Battle

The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority before 9/11. The Sunday Herald reported: Five months before September 11, the US advocated using force against Iraq … […]

Cyber attackers target Iranian oil platforms

Cyber attackers have targeted communication networks on Iranian offshore oil and gas platforms in the past few weeks, but their attacks have been repelled, a state official was quoted as saying on Monday. Iran, the world’s No. 5 oil exporter, has tightened cyber security since its uranium enrichment centrifuges were hit in 2010 by the […]

Hugo Chavez Wins Venezuela Re-Election

Supporters of Venezuela’s Hugo Chavez began setting off fireworks and partying in the street on Sunday night in anticipation of victory in the presidential election. Various aides to Chavez published celebratory messages on Twitter, while some supporters of opposition leader Henrique Capriles began crying at his campaign center, Reuters witnesses said. “Perfect victory! The fatherland […]

Kuwait’s ruler dissolves parliament

Kuwait’s ruler ordered the dissolution of parliament on Sunday, a senior government minister said, a step opening the way to a parliamentary election in the major oil-producing Gulf Arab state after months of political deadlock. The emir, Sheikh Sabah al-Ahmad al-Sabah, had been widely expected to take the step following a cabinet request to dissolve […]

There Is No Hyperinflation in Iran – The Real Story Is Much More Interesting

Contrary to reports, there is no hyperinflation in Iran right now at all. In fact, the Western sanctions imposed on Iran’s oil trade are failing miserably to meet their objectives. And a regime collapse – or even, coming short of that, another popular uprising reminiscent of June 2009 – seems further away from Iran than […]

Chávez promises to reduce dependence on US market by doubling crude exports to Asia

While giant rallies in Caracas may be drawing the world’s attention ahead of tomorrow’s Venezuelan presidential election, the global significance of the vote can be found hundreds of miles to the east in the oil-soaked Orinoco Belt. According to studies, Venezuela has overtaken Saudi Arabia to become number one in the world for proven oil […]

Romney on Energy

After last week’s review of President Obama’s energy record and campaign materials on energy, Governor Romney’s energy plans present a sharp contrast. They are based on a fundamentally different view of energy and the economy, relying on markets to allocate capital to the most productive opportunities, rather than on government to guide a mix of […]

Neither Presidential Candidate Shows Grasp of America’s Oil Predicament

The Association for the Study of Peak Oil & Gas USA (ASPO-USA) expressed concern that neither candidate for the U.S. presidency demonstrates a clear understanding of the realities and risks facing U.S. oil supply.  In the first presidential debate on Wednesday night, President Obama and Governor Romney fed the misconception that America can drill its […]

Fact check: Oil and natural gas production under Obama

The facts show, and President Barack Obama and his Republican challenger Mitt Romney agree, that U.S. production of oil and gas has increased over the past four years. But is this rise because of Obama, or “in spite of his policies,” as the former Massachusetts governor said at Wednesday night’s debate? “All of the increase […]

Police in Iran clash with currency protesters

Iranian riot police have clashed with protesters in the capital Tehran over the collapse of the rial, the country’s currency, which has lost a third of its value against the dollar in a week. Police on Wednesday reportedly fired tear gas to disperse demonstrators, including currency exchange dealers. It was the first sign of public unrest […]

Energy New Front in Economic Warfare

Opposition leaders in Canada suggested a string of cyber security threats to domestic companies might be the work of Chinese hackers. Twice last week, the Canadian government confirmed two separate companies -– both in the energy sector — were the target of cyber-attacks. In the United States, meanwhile, the Obama administration said national security interests […]

Is energy independence a fantasy?

Can America’s vast shale oil and gas reserves – combined with fracking and drilling technlogies – drive the U.S. to complete energy independence? It looks doubtful. The U.S. has become the world’s second-biggest oil producer – having passed Russia, and trailing only Saudi Arabia. But can America’s vast shale oil and gas reserves – combined […]

Chavez Signs Oil Deal with Russia

To thank President Hugo Chávez for signing an agreement with Russia to tap new oil fields in the Latin American country, Russian Prescient Vladimir Putin gave his Venezuelan counterpart a special gift – a puppy. Venezuelan and Russian officials signed eight agreements to boost cooperation in energy projects Thursday. Igor Sechin, the CEO of Russia’s […]

Loose Nuke Smugglers Caught With Uranium

Seven individuals were reportedly arrested for allegedly trafficking uranium and weapons in a breakaway region of Moldova. The unnamed group had been detained last week in the separatist enclave of Transnistria, according to Moldova’s interior ministry, Reuters reported. The group had allegedly been involved in shipments of hand grenades, Kalashnikov assault rifles, rocket propelled grenade […]

Netanyahu Demands ‘Red Line’ on Iran

Israeli Prime Minister Benjamin Netanyahu said Iran was on track to build an atomic bomb by summer of 2013 and exhorted the U.S. and other global powers to set a strict limit on Tehran’s fuel production as the clear “red line” that would trigger military strikes. The speech at the United Nations General Assembly on […]

Oil prices hurt French, make government unpopular

The french demanding lower fuel prices! September 2012

Qatar – Rich and Dangerous

The first concern of the Emir of Qatar is the prosperity and security of the tiny kingdom.  To achieve that, he knows no limits. Stuck between Iran and Saudi Arabia is Qatar with the third largest natural gas deposit in the world.  The gas gives the nearly quarter of a million Qatari citizens the highest […]

Oil price reporting escapes regulation

Global financial regulators have backed away from a proposal to regulate oil price reporting media, recommending a set of guidelines that largely reinforce their existing practice in assessing prices of the world’s biggest traded commodity. The conclusion was detailed in a draft final report of the International Organisation of Securities Commissions (IOSCO), Principles for Oil […]

US links Iran’s state oil company to Revolutionary Guards

The U.S. government officially linked Iran’s state oil company to the country’s Islamic Revolutionary Guard Corps on Monday, a determination that enables the United States to apply new sanctions on foreign banks dealing with the National Iranian Oil Company. But in a report to Congress, the Treasury Department said there was not enough information at […]

CBO on Electric Cars – Don’t Buy Them!

  The Congressional Budget Office (CBO) did a good job of shredding the electric car industry and the government’s role in its evolution with this report (Link):     I’m not knocking electric cars, I’m knocking DC’s role in this industry. Washington has provided the loot necessary for research on battery design, it has committed […]

Iran Attack Still Set For 2013

Ill-assorted figures this week cited 2013 as the year in which the United States was expected to go to war on Iran. Among them was Iran’s atomic commission director Fereydoun Abbasi-Davani, former US ambassador to Israel Martin Indyk, and players in the US-Iranian war game staged at the Saban Center for Middle East Policy in […]

N.Y. laughing gas: latest anti-drilling claims

Skip Dickstein/Albany Times Union State Environmental Conservation Commissioner Joseph Martens rightly rebuffed anti-fracking activists’ demands for endless studies. In their desperation to block Gov. Cuomo from giving the okay for fracking in New York, die-hard opponents of the natural gas drilling technology are floating laugh-out-loud-funny health and environmental threats. Most hilariously, the enviro-activists have demanded […]

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