Chavez Presidency May Have Squandered Venezuela Oil Riches

On the streets of Caracas, vast slums blanket the hillsides while squatters hang laundry in the windows of abandoned buildings. Trash-strewn alleys are riddled with potholes and lined with broken streetlamps. The city’s main waterway, the polluted Guaire River, is known more for sewage than swimming. While oil has ushered in spectacular construction projects for […]

Iran Accuses German Siemens Of Sabotaging Its Nuclear Plant

It seems you can’t turn your back on the Middle East for more than a few minutes without something going bump in the desert. Sure enough, a few shorts hours after we reported that the leader of Iran’s Revolutionary Guards is certain war with Israel is coming, here comes Iran again with the stunning admission that […]

Iran’s Revolutionary Guard says expects Israel to launch war

Israel will eventually go beyond threats and will attack Iran, the commander of Iran’s Revolutionary Guards was quoted as saying on Saturday. As speculation mounts that Israel could launch air strikes on Iran before U.S. elections in November, Mohammad Ali Jafari told a news conference that the Jewish state would be destroyed if it took […]

21 Facts About America’s Decaying Infrastructure

You can tell a lot about a nation by the condition of the infrastructure.  So what does our infrastructure say about us?  It says that we are in a very advanced state of decay.  At this point, much of America is being held together with spit, duct tape and prayers.  Our roads are crumbling and […]

China: Individuals to be taxed for oil consumption

China is expected to change its oil consumption tax coverage to individuals from companies, and to tax consumers at the gas station after a consumption tax reform, said a tax official at the 5th General Assembly of Chinese Corporations’ Tax Management and Innovation on Thursday. The country will also adjust the scope of taxation, to […]

Venezuela oil workers sure Chavez will win: union boss

The head of Venezuela’s oil workers union said on Thursday his members are not entertaining the possibility that opposition candidate Henrique Capriles could beat President Hugo Chavez in the October 7 election. Wills Rangel, president of the United Federation of Oil Workers, told Reuters that workers’ conditions had improved under 14 years of Chavez’s self-styled […]

The Goals of Energy Policy

  OurEnergyPolicy.org and Sandia National Laboratories recently released The Goals of Energy Policy, a report detailing our recent collaboration to clarify and improve the national energy policy discourse. We feel that this report, based on a survey of nearly 900 energy and energy policy professionals, has significant implications for policymakers and policy professionals working to […]

UK lawmakers seek moratorium on Arctic drilling

International governments should seek a moratorium on offshore drilling in the Arctic amid concern an oil spill in the region could cause catastrophic environmental damage, British lawmakers said Thursday. The Environmental Audit Committee of Britain’s House of Commons urged action to halt oil and gas drilling in the Arctic until new safeguards – including vastly […]

The Trouble with Printing Money

For a while now, I have been expecting a coordinated, global central bank action that would seek to print more money out of thin air, or “QE” (quantitative easing), as it is now called.  Now we have two of the most important central banks, that of the U.S. (the Federal Reserve) and in Europe (the […]

How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us

The mainstream media is hailing QE3 as a great victory for the U.S. economy. On nearly every news broadcast, the “talking heads” are declaring that Ben Bernanke’s decision to pump 40 billion dollars a month into our financial system is definitely going to help solve our economic problems. The money for QE3 is being created […]

China, Japan heading towards war, says US Defence Secretary Leon Panetta

CHINA and other Asian countries could end up at war over territorial disputes if governments keep up their “provocative behaviour”, US Defence Secretary Leon Panetta has said. Speaking to reporters before arriving in Tokyo on a trip to Asia, Mr Panetta appealed for restraint amid mounting tensions over territorial rights in the East China Sea […]

Big Oil’s Political Blitz

News came out last week that fossil fuel interests have spent over $153 million in television ads attacking the President’s clean energy agenda, including criticizing new air pollution rules and the delay of the Keystone XL pipeline. This figure is likely to grow, as there is still two months before the election. And, this is […]

Ex-envoy to Israel: US will go to war with Iran in 2013

Martin Indyk believes US likely to go to war with Iran in 2013; says Israel’s insistence that US publicly declare ‘red line’ for Iran an ‘unreasonable requirement’ Former US Ambassador to Israel Martin Indyk predicts that the United States will go to war with Iran as early as 2013. “I’m afraid that 2013 is going […]

4000 Marines Headed To Middle East As Part Of Peleliu Amphibious Group Dispatch

Up until now, the LHD 7 Iwo Jima Big-Deck Amphibious Warfare ship was all alone in the Arabian Sea, patiently awaiting orders to liberate this or that middle east country of their oil reserves. This is no longer the case: launching today in general direction – Middle East – for a brand new 7 month […]

Fallout widens from island dispute between China, Japan

The widening fallout from an increasingly volatile territorial dispute between China and Japan prompted a Japanese company to halt work at plants in China on Monday, and the United States to urge the two sides to avoid letting the situation spiral out of control. The electronics company Panasonic said Monday that it was suspending operations […]

India: Blackouts Spur $18 Billion Power Grid Upgrade

Power Grid Corp. of India Ltd., the nation’s largest electricity transmission company, may exceed a 1 trillion rupee ($18 billion) spending plan to upgrade its network and avoid a repeat of the world’s biggest blackout. Revenue of the state-owned company, which is doubling expenditure in the five years through March, 2017, may rise fourfold in […]

Iran Responds to Massive U.S. Armada Gathering in the Persian Gulf

Following a story published in The Telegraph reporting an armada of U.S. and British ships amassing in the Persian Gulf, a top commander in Iran’s Revolutionary Guard warned Sunday that “nothing will remain” of Israel if his country is attacked. “Our response to Israel is clear: I think nothing will remain of Israel (should it […]

Iran’s Revolutionary Guards commander says its troops in Syria

Members of Iran’s elite Islamic Revolutionary Guards Corps are in Syria providing non-military assistance and Iran may get involved militarily if Syria comes under attack, its commander said on Sunday. The statement is the first official acknowledgement from a senior military commander that Iran has a military presence on the ground in Syria where an […]

Kuwaitis rally for democratic reforms

  More than 3,000 Kuwaitis have protested in front of the parliament demanding the election of a prime minister from outside the ruling al-Sabah family. Monday’s protest was also against a government move to amend the electoral law and was attended by 21 lawmakers from the opposition-majority parliament which was elected in February before being […]

Libya – ‘Death To America’

Try to imagine more deluded reporting than this by America’s Presstitute “free press.” For 11 years Washington in pursuit of its rightful hegemony has been sending troops, bombers, jet fighters, helicopter gunships, drones, and assassination teams into seven Muslim countries. Two of the Muslim countries, Iraq and Libya, and perhaps more depending on how you […]

Day of Rage in Arab World Tests New Arab Governments

Protesters against an anti-Muslim film stormed the American Embassy compound in Tunisia and targeted diplomatic missions in Sudan and Yemen, while in Egypt the main Islamist groups sought to ease tensions with the U.S. The day of turmoil across the Arab and Muslim world put new Arab Spring leaders in nations such as Tunisia and […]

10 Shocking Quotes About What QE3 Is Going To Do To America

Ready or not, QE3 is here, and the long-term effects of this reckless money printing by the Federal Reserve are going to be absolutely nightmarish.  The Federal Reserve is hoping that buying $40 billion worth of mortgage-backed securities per month will spur more lending and more economic activity. But that didn’t happen with either QE1 […]

US scrambles to rush spies, drones to Libya

The U.S. is sending more spies, Marines and drones to Libya, trying to speed the search for those who killed the U.S. ambassador and three other Americans, but the investigation is complicated by a chaotic security picture in the post-revolutionary country, and limited American and Libyan intelligence resources. The CIA has fewer people available to […]

The Arab mess — and America’s dilemma

This week’s terrorist attack on the U.S. consulate in Benghazi, Libya — which claimed four American lives, including that of our superb ambassador, Christopher Stevens — reflects a much broader and deeper long-term problem for our national security: The Arab world as a whole is a massive failure. It is failing big, it is failing […]

Angry protests spread over anti-Islam film

Demonstrations over US-made film said to insult Islam are spreading across Middle East and North Africa. Protesters angered by an anti-Islam film have stormed the US embassy compound in Yemen’s capital, Sanaa, as similar demonstrations have spread to several countries across the Middle East and North Africa. The protesters on Thursday removed the embassy’s sign on the outer wall and […]

Will Regulation of ‘All of the Above’ Energy Cost 20X More on Public Lands?

Federal Lands More than 96% of the domestic energy production growth from shales has taken place on private lands safely out of the reach of the Federal government bureaucrats and regulators.  That energy production growth is transforming America’s energy future by increasing supply reliability and driving down the price of natural gas from more than […]

Fed Pulls Trigger, to Buy Mortgages in Effort to Lower Rates

The Federal Reserve fulfilled expectations of more stimulus for the faltering economy, taking aim now at driving down mortgage rates. The Fed said it will buy $40 billion of mortgages per month in an attempt to foster a nascent recovery in the real estate market. The purchases will be open-ended, meaning that they will continue […]

US Embassy In Yemen Stormed

Anti-American violence and hatred is spreading: first Egypt, then Libya, with very tragic consequences, now Yemen. From Reuters: “Hundreds of Yemeni demonstrators stormed the U.S. embassy in Sanaa on Thursday in protest at a film they consider blasphemous to Islam, and security guards tried to hold them off by firing into the air. The attack […]

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

The mainstream media in the United States is almost totally ignoring one of the most important trends in global economics.  This trend is going to cause the value of the U.S. dollar to fall dramatically and it is going to cause the cost of living in the United States to go way up. Right now, […]

Marines Sent to Libya After Murder of Ambassador

Two Navy guided missile destroyers are being deployed off the coast of Libya, after attacks Tuesday on the U.S. Consulate in Benghazi left four Americans dead, including the U.S. ambassador, military officials told Fox News. The destroyers are for “contingency purposes,” a military official said. In addition, officials said a “fast team” of 50 Marines […]

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