UK Foreign Office: Prepare for riots in euro collapse

British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain. As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once […]

Vietnam Boosts Presence in South China Sea

Vietnam plans to continue building roads and schools to assert sovereignty on islands also claimed by China while moving to stifle any protests that display false patriotism, Prime Minister Nguyen Tan Dung said. Vietnam will expand its presence on the Spratly Islands in the South China Sea and seek talks on the Paracels now occupied […]

UK: Predicting energy prices is hard, but doing nothing is fatal

Danish physicist Neils Bohr, who knew a lot about uncertainty, said: “Prediction is very difficult, especially about the future.” But to take the timely action needed to give the UK a clean, secure and sustainable energy system and avert the worst impacts of climate change, that’s exactly what you have to do. Chris Huhne, the […]

Mike Ruppert Responds To Questions From Occupy London Stock Exchange

How would you describe the current crisis? (As in, is it a crisis of finance, politics, energy…? or all of the above!)   MCR – This is a crisis of human industrial civilization. Everything is on the table and everything is collapsing, including our faith and beliefs in many venerable sacred cows. Addressing the issues […]

Iran Threatens the Use of the Oil Weapon

In a recent interview on Al Jazeera television Iran’s Oil Minister Rostam Qaesemi, commenting on Iran’s Oil exports, brazenly threatened, “In case we are urged to and feel it necessary, we will use it as a political tool.” This amidst his comments that currently Iran will seek a “fair price”, whatever that means, at the […]

Ban Calls for Support for Access to Affordable Energy in Africa

Secretary-General Ban Ki-moon today call for greater support of efforts to provide 600 million people in Africa with affordable and sustainable energy to enable the continent accelerate social and economic development. “Ensuring access to reliable, efficient and affordable energy is a key element in advancing industrial development, creating decent jobs and increasing productive capacity, especially […]

Turkey: Security is vital to country’s role in oil and gas transit

Three years ago, Kurdish militants in eastern Turkey claimed responsibility for a bomb attack on a pipeline that transports crude oil from offshore fields in the Caspian Sea to the markets of energy-hungry Europe. The pipeline, which opened in 2006, is an impressive piece of engineering. It extends almost 1,770km (1,100 miles) from Baku, Azerbaijan’s […]

France urges Iran oil purchase freeze, sanctions

France called for new sanctions on an “unprecedented scale” against Iran on Monday in response to Tehran’s nuclear programme, proposing purchases of Iranian oil be halted and central bank assets frozen. “As Iran steps up its nuclear programme, refuses negotiation and condemns its people to isolation, France advocates new sanctions on an unprecedented scale to […]

Beijing’s climbdown in Bali: What is next in the South China Sea?

A key outcome of President Barack Obama’s Asia tour is an apparent tactical withdrawal by China on drilling rights in the South China Sea. This does not mean that Vietnam, the Philippines and others in the sea can proceed with abandon, but — at least for now — Chinese naval ships may be less likely […]

Kunstler: The Blue Bus Is Calling Us

     Zeez European politicians unt economists all zound like rocket scientists wiss all zeir charming euro-chatter. But zey must be quite dumb to machen zuch an unglaublich scheiße sturm of zee système financier. Che cazzo è?      Surely all the pretending nears its dire conclusion. Everybody is broke and everybody is in hock […]

US-IRAN Key Senator Pushes “Nuclear Option” Against Central Bank

Amid simmering tensions surrounding Iran’s nuclear programme, a key pro-Israel U.S. senator has tabled legislation that would effectively ban international financial companies that do business with the Central Bank of Iran (CBI) from participating in the U.S. economy. Dubbed the “nuclear option” by its critics, the measure, which was introduced Thursday in the form of […]

Conflict Rising in Iraq Over Oil Contracts and Revenues

In a development that surprises no-one except armchair analysts, trouble is brewing in Iraq over the sharing of oil revenues between Iraq’s largely autonomous Kurdish region and the central authorities in Baghdad over the Kurdistan Regional Government’s unilateral agreement just signed with U.S. oil giant, Texas-based Exxon Mobil, to develop the region’s oil resources. The […]

Russia may contest EU energy rules in WTO – source

Russia, on the brink of joining the World Trade Organization, is considering challenging EU energy regulations that would limit gas export monopoly Gazprom’s control over its European pipeline assets, a government source said on Wednesday. WTO ministers are expected to invite Russia to join the global trade rules body in December after 18 years of […]

U.S. Energy Independence – The Big Lie

“We are the generation that will win the war on the energy problem and in that process, rebuild the unity and confidence of America.” – President Jimmy Carter, 1979 “We have it in our power to act right here, right now. I propose $6 billion in tax cuts and research and developments to encourage innovation, […]

TansCanada says it will reroute planned Keystone XL pipeline

Canadian pipeline developer TransCanada will shift the route of its planned oil pipeline out of the environmentally sensitive Sandhills area of Nebraska, two company officials announced Monday night. Speaking at a news conference at the Nebraska Capitol, the officials said TransCanada would agree to the new route, a move the company previously claimed wasn’t possible, […]

US, China in Sudan great game

In 1898, amid the age of imperialist acquisition, Great Britain and France confronted each other at Fashoda in the Sudan. The two powers almost went to war but happily, diplomacy prevailed. Today, amid fierce global competition for commodities and regional influence, the US and China are facing each other in several parts of the world […]

Has Obama kicked off another oil war – this time in Africa?

Highest prediction. Here’s what is likely behind Obama’s decision to send special forces to Uganda. On October 14, President Barack Obama announced he would be sending 100 Joint Special Operations Command (JSOC) forces to Uganda to “remove from the battlefield” (meaning capture or kill) the leader of the Lord’s Resistance Army (LRA), Joseph Kony. “I […]

Iraq Objects to Exxon Deal With Kurds

Exxon Mobil Corp. could lose its current contract to develop the West Qurna oil field in Iraq if it proceeds with an agreement to explore for oil in the Kurdistan region of the country, an Iraqi official said. The spat highlights the political challenges for foreign companies operating in Iraq and threatens to further inflame […]

Is this a revolution?

This week: 1. No cops allowed in Occupy Vancouver 2. W.T.F.W.J.D. 3. Ninjas at Occupy Oakland 4. Bahrain battles SUVs 5. Justice, Syria style 6. #Jan25 7. Is this a revolution?

Greek Lender Of Last Resort – Iran?

A fascinating article by Reuters this morning really brings to bear the reality that Greece faces as lenders and trade creditors refuse to help (and why should they realistically) with energy needs. The harsh reality that Iran (yes that nuclearized Iran) is the main provider of Greek oil needs surely puts into perspective what seemingly unlikely events […]

Seoul and Hanoi eye a glowing partnership

The image of South Korea’s highly conservative, arch-capitalist President Lee Myung-bak waving happily in a sea of little paper flags featuring a gold star in a red field was just another ceremonial photo for the Seoul media. The picture, Lee smiling as he and Vietnam’s President Truong Tan Sang and wife Mai Thi Hanh clasped […]

Philippines roils South China Sea

MANILA – Tensions are rising again as China and the Philippines bump boats and trade diplomatic barbs over the contested Spratly Islands in the South China Sea. Adding fuel to the fire were recent “war games” staged by 3,000 American and Filipino marines near the hotly disputed maritime territory. The latest row was sparked by […]

More sanctions on Iran likely, but not on oil or gas

The United States may impose more sanctions on Iran, possibly on commercial banks or front companies, but is unlikely to go after its oil and gas sector or its central bank for now, a U.S. official said on Tuesday. The official spoke after the International Atomic Energy Agency, the U.N. nuclear watchdog, completed a new […]

Oil at $300 or $500 per Barrel If Israel Attacks Iran

Brent crude futures are up $1.17 a barrel to $115.73 on continued word that Israel may go it alone and bomb Iran’s nuclear facilities. It is their highest level in nearly two months. But it would be nothing compared to the cost if Israel attacks. In 2006, as Israel and the U.S. began to rattle […]

IAEA: Iran Worked to Miniaturize Nuclear Weapon

Iran sought to miniaturize a Pakistani nuclear weapon design to fit on its ballistic missiles and continued working to raise the potential power of the weapons at least until 2010, United Nations inspectors reported today, citing “credible” intelligence from more than 10 countries. Iran carried out “work on the development of an indigenous design of […]

Thousands in D.C. protest pipeline

Thousands of protesters circled the White House this afternoon to show their in opposition to the controversial Keystone XL pipeline project. The demonstration is the latest in a series of White House protests aimed at convincing U.S. President Barack Obama to block the $7 billion project that would carry Alberta oilsands crude through six American […]

World War 3: A Foregone Conclusion?

The hypno-induced psychotic public can’t even hear the war drums any more, no matter how loud. They’ve become background music, white noise or something to tap your foot to. With sadistic glee still warm over Gadhafi’s public torture and execution through the streets of Libya, the bloodthirsty mind-controlled western public will count a Syrian overthrow […]

Iran now top threat to U.S. says military official

Iran is the biggest threat to the United States and its allies in the Middle East, surpassing al Qaeda, which is down but not out, a senior military official said on Friday. “The biggest threat to the United States and to our interests and to our friends, I might add, has come into focus and […]

IAEA report to detail efforts by Iran to develop a nuclear weapon

The upcoming report by the International Atomic Energy Agency will make the most detailed charges to date that Iran’s nuclear program is geared toward weapons development and military use, several Western diplomats briefed on the report told CNN. The diplomats said that the report, expected to be released by the U.N. nuclear watchdog next week, […]

Obama Tells Allies U.S. Will Attack Iran By Fall 2012

Barack Obama has told America’s allies that the United States will attack Iran before fall 2012 unless Tehran halts its nuclear program, a time frame that suggests Obama is willing to use war as a re-election campaign tool to rally the population around his leadership. A subscriber-only report by DebkaFile, the Israeli intelligence outfit which […]

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