The One Man Who Could Send Oil To $100

The future of North Africa’s leading oil and gas producer Libya is once again under threat. International media reports that Libya’s strongman General Khalifa Haftar, leader of the LNA, the largest and strongest military power in the country, has had a stroke. Libyan and Arab news sites stumble over each other predicting the death or […]

Kunstler: Stop and Assess

America has become Alzheimer Nation. Nothing is remembered for more than a few minutes. The news media, which used to function as a sort of collective brain, is a memory hole that events are shoved down and extinguished in. An attack in Syria, you ask? What was that about? Facebook stole your…what? Four lives snuffed […]

The global village and the surveillance society

Media savant Marshall McLuhan coined the term “global village” in 1962 in his book The Gutenberg Galaxy. Today, we take the concept of an electronically connected global population with instant access to practically every plugged-in person on the planet as a fact of life. We often see our global village as a force for good, […]

Iran switches from dollar to euro

Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington. Central bank governor Valiollah Seif said last […]

Gunfire, Explosions Heard Near Saudi Royal Palace, King Salman Reportedly Evacuated

Update: Some reports that there was no coup attempt and The Wall Street Journal reports it was guards shooting down an errant drone… No coup attempt in Riyadh. A toy drone/plane got too close too the King’s palace and was shot down. #SaudiArabia#Riyadh — Margherita Stancati (@margheritamvs) April 21, 2018 However, in this era of […]

Russia and Saudi Arabia forge alliance to engineer oil prices

Two of the world’s largest oil producers see a consensus emerging between OPEC and non-OPEC states for long-term cooperation on stabilizing oil prices, including the extension of output cuts expiring at the end of 2018. Ahead of a meeting between Russia and the Organization of Petroleum Producing Countries (OPEC) in the Saudi Arabian Red Sea […]

Thousands Of US Troops Amass On Syrian Border For Military ‘Drill’

Thousands of U.S. Marines arrived in Jordan at around the same time the United States, the United Kingdom, and France were organizing a direct military strike on Jordan’s neighbor, Syria.  Shortly after the US-led bombing of Syria over alleged chemical weapons use, the Marine took part in military drills. According to Antimedia, nearly 3,600 U.S. troops, including roughly […]

Are Iran and Israel Headed for Their First Direct War?

  ImageIsraeli soldiers taking part in a training session last week in the Golan Heights.CreditJalaa Marey/Agence France-Presse — Getty Images SYRIA-ISRAEL BORDER, Golan Heights — Ever since the Iranian Islamic Revolution in 1979, Iran and Israel have been fighting each other in the shadows — through proxies, assassination squads and cyber-virus attacks, but never as […]

Under Military Rule, Venezuela Oil Workers Quit In A Stampede

Chauffeured around in a sleek black pick-up, the head of Venezuela’s oil industry, Major General Manuel Quevedo, last month toured a joint venture with U.S. major Chevron. Flanked by other trucks carrying security guards, Quevedo passed a handful of workers waiting by an oil well cluster. They wanted a word with the OPEC nation’s oil […]

Heinberg: Getting Past Trump

This a 3-part essay. Parts one and three is also cross-posted on Truthout. Part 1: This Is How Democracies Die Donald Trump’s 13-month tenure (so far) as president of the United States has been an exhausting sprint for onlookers concerned about the state of the global ecosystem and the fate of industrial civilization. Nearly every day […]

Putin predicts global ‘chaos’ if West hits Syria again

Russian President Vladimir Putin warned on Sunday that further Western attacks on Syria would bring chaos to world affairs, as Washington prepared to increase pressure on Russia with new economic sanctions. In a telephone conversation with his Iranian counterpart Hassan Rouhani, Putin and Rouhani agreed that the Western strikes had damaged the chances of achieving […]

9/11 Truth and the Legacy of Michael C Ruppert: Connecting the Dots Like No One Else

Personal note: I was among those whose eyes were opened by MCR, not only about 9/11, but about the virtue of what he called ‘map-making’ as a tool for providing context for world events, such as the Western air-strikes smashing Syria as I write these words. I am privileged to have had the chance to interview him more […]

US, France, Britain launch strikes on Syria

Washington (United States) (AFP) – The United States, Britain and France launched punitive military strikes against Bashar al-Assad’s Syrian regime in response to its latest alleged chemical weapons atrocity, President Donald Trump announced Friday. Shortly after Trump began a White House address to announce the action, large explosions were heard in the Syrian capital Damascus, […]

Oil prices vulnerable to ‘super spikes’ again as geopolitics heat up

The long era of too much oil sloshing around the world and low prices is coming to an end, just as global events are heating up crude prices. That means there’s a new higher floor under oil prices as the peak summer demand season approaches, and it also makes the market vulnerable to a “super […]

Saudis Shoot Down Missiles, Drones as Middle East Tensions Flare

Saudi Arabia said it intercepted ballistic missiles and shot down drones sent from Yemen, in the latest attack by pro-Iranian rebels that showed improved military capabilities more than three years into the conflict. One missile was intercepted over Riyadh, with loud blasts heard in the night sky above the Saudi capital on Wednesday. Two other […]

US Navy destroyer is now off Syrian coast with 60 Tomahawk missiles

A U.S. Navy destroyer, the USS Donald Cook, is now situated off the coast of Syria with 60 Tomahawk cruise missiles on board, CNN Turk has reported. CNN Turk also reported that the destroyer was buzzed by Russian planes at least four times, but the Pentagon has denied those reports. US Navy source told @dcexaminer […]

Coal Dead? Peak Oil Demand? Five Takes on Fossil Fuels’ Future

Energy executives debate role of old fuels in new world order Coal plants play chicken, while nuclear power may rise again Fighting Climate Change, Without the U.S. For all the buzz around wind, solar and electric cars, energy company executives had plenty to say Tuesday about the continuing role of fossil fuels and nuclear power […]

Petro-Yuan Is The Newest Weapon For The China-Russia-Iran Anti-USD Alliance

Pictured above, the currency symbols for the old Spanish peseta and the Chinese yuan. Maybe Baba Beijing can synthesize the two of them into a cooling looking petro-yuan logo. After 25 years of dreams, planning, rumors and testing, the Chinese petro-yuan is now official. Right now, almost all global oil trade is conducted in US […]

Trump’s foreign policy might mark Peak America

Summary: No analysis by Trump’s foes shows the danger he poses so clearly as his own speeches. But we have lost the habit of listening to our leaders, instead relying on trusted tribal voices to filter and mold their words into pleasing poems. See Trump’s statement about Iran – and fear for America’s future. The […]

Is The Iran Nuclear Deal Coming To An End?

As the U.S. moves closer to pulling out of the Iran nuclear deal and re-imposing sanctions, Iran could see some of the recent progress in its energy industry being rolled back. The Iran nuclear deal in 2015 was an economic windfall to the country, removing international sanctions and opening up Iran to greater engagement with […]

Why A Dollar Collapse Is Inevitable

“Naturally, the smooth termination of the gold-exchange standard, the restoration of the gold standard, and supplemental and interim measures that might be called for, in particular with a view to organizing international credit on this new basis, will have to be deliberately agreed upon between countries, in particular those on which there devolves special responsibility […]

Kunstler: Another Mighty Conundrum

The sanctuary city movement, and all its baggage, terminates in one troublesome idea: that the USA should have open borders and that anyone from a foreign land who manages to get here by whatever means is home-free-all. The most recent Democratic nominee for president said just the other day that she dreamed of open borders. […]

China’s State Owned Media Proclaims Petroyuan Will “Shake People’s Confidence In The US Dollar”

Just days after initiating its ‘petroyuan’ futures contract, and hours after an unprecedented announcement that China will pay for oil in yuan, The Global Times, the unofficial mouthpiece of the Chinese government, printed a remarkable story from ‘one of its editors’ highlighting the ‘petroyuan’ and its potential to topple the US Dollar as global reserve […]

Is Russia Cheating On The OPEC Deal?

After three months of steady output, Russia’s crude oil production increased in March to 10.97 million bpd, the highest level since April 2017, as the top two Russian companies boosted their production. According to data by the Russian Energy Ministry, Russian oil production in March was 46.39 million tons, or 10.97 million bpd, up from 41.85 million tons […]

Kunstler: Syriasly

“Peace with Honor” was President Nixon’s anodyne phrase for futzing around as long as possible in Vietnam to conceal the reality that the US military was getting its ass kicked by what we had initially thought was a 98-pound weakling of a Third World country. That was a half-century ago and I remember it now […]

Russian ‘green’ trolls are targeting the US energy sector

download Listen to the full interview. One of the thousands of posts by Russia’s Internet Research Agency that aimed to sow politcal discord in the US and potetntially help Russia’s energy sector. Credit: US House of Representatives Committee on Science, Space, and Technology Russian internet trolls from the same outfit blamed for meddling in the […]

In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars

Just days after Beijing officially launched  Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and […]

US Dept. Of Energy sells 5.2 mln barrels of oil from SPR

The U.S. Department of Energy sold about 5.2 million barrels of oil from the Strategic Petroleum Reserve (SPR) to five companies including top refiners Valero Energy Corp and Phillips 66, according to a notice on Wednesday: * Phillips 66 was sold the most amount of oil – about 2.3 million barrels – and Valero Marketing […]

China taking first steps to pay for oil in yuan this year

China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally. FILE PHOTO: U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, […]

Russia, China eclipse US in hypersonic missiles

Russia and China are outpacing the United States in the development of super-fast missile technology, Pentagon officials and key lawmakers are warning. Russia says it successfully tested a so-called hypersonic missile this month, while China tested a similar system last year expected to enter service soon. “Right now, we’re helpless,” Sen. James Inhofe (R-Okla.), a senior member of […]

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