Saudi’s New Oil Boss Vows to Maintain Policy

Saudi Arabia will probably keep producing crude at near-record levels under its newly appointed oil minister, Khalid Al-Falih, as the world’s largest exporter sticks with his predecessor’s policy of defending market share against higher-cost shale. Al-Falih, also chairman of the state producer Saudi Arabian Oil Co., said on his first day in office on Sunday that […]

The migrant crisis will never end.

Sometimes, one fact goes a long way towards explaining a global crisis. Behind the rubber dinghies laden with desperate people washing up on European beaches and the refugee camps spread across the deserts of Jordan – or, for that matter, the plains of Chad – lies a remarkable figure. The number of people driven from […]

Saudi Replaces Central Bank Governor in Major Reorganization

Saudi Arabia appointed Ahmed AlKholifey as central bank governor, replacing Fahad Al Mubarak as part of a government reorganization, the official Saudi Press Agency reported. AlKholifey, named to the role in a royal order from King Salman, was previously deputy governor for research and international affairs at the central bank, the Saudi Arabian Monetary Agency. The […]

New Saudi minister is believer in reform and low oil price

It was January 2016 and oil prices had crashed to their lowest in more than a decade. Saudi Arabia’s health minister, Khalid al-Falih, a favourite to take over the oil ministry from his mentor Ali al-Naimi, was not panicking. Falih told an audience of oil executives, bankers and policymakers at the World Economic Forum in […]

Saudi Arabia’s Powerful Oil Minister Ali al-Naimi Is Fired

Saudi Arabia fired long-serving oil minister Ali al-Naimi on Saturday, dismissing one of the industry’s most powerful figures as the country battles with weak oil prices. Mr. Naimi, who had been the kingdom’s oil minister since 1995, has been a loud voice against lowering Saudi Arabia’s production when prices fall, a departure from its past […]

Smashing the Fortress

This week, we take a look at the tens of thousands of migrants tapped in limbo in Europe, facing down the prospect of being deported back to the war zones they’ve just escaped. If you love what we do, consider supporting us! For the musical break, we’ve got The Haymarket Squares, with Let’s Start a […]

The Prospects for Political Stability in Iraq

Ghanem Nuseibeh, Cornerstone Global Associates founder, discusses the prospects for political stability in Iraq with Bloomberg’s Manus Cranny and Andrew Barden on “Bloomberg Markets Middle East.”

Kunstler: Send Out the Clowns

I n this decade of maximum peril, a prankish God delivers two maximally detested candidates to lead the faltering nation as events run ahead of all the convenient narratives. For instance: the idea that Republican “insiders” can block Trump’s path to the nomination. The insiders may be phantoms after all. For instance, the loathsome Koch […]

Europe’s Migration Crisis: No End In Sight

According to France’s Defense Minister, Jean-Yves Le Drian, 800,000 migrants are currently in Libyan territory waiting to cross the Mediterranean. The multitude of very costly social problems that Muslim migration into Europe has caused thus far, do not exist in this whitewashed European Union report, where the “research” indicates that migrants are always a boon. […]

The Coming Global Pension Crisis

The Aging of the World’s Population and Its Implications for Capital Flows Author Laura D’Andrea Tyson, Haruhiko Kuroda, Dr. Norbert Walter, Robert C. Pozen, Thomas W. Jones, Alice M. Rivlin, Marshall Carter, Olivia S. Mitchell, Russell J. Cheetham, Yves Guerard, Jan Svejnar, David Hale, Martin S. Feldstein, Robert D. Hormats Content Type Working Paper Institution […]

Hillarism

“The Irish Water crisis, the slow collapse of public health and education, resurgent child poverty, the epidemic of loneliness, offshore tax-avoidance havens, the collapse of ecosystems, Occupy Hong Kong, Australian greedy banks, and the rise of Donald Trump link to a single bad gene in our political DNA.”  It is the political silly season, although […]

Taking The ‘Petro’ Out Of The Dollar

Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While the House of Saud remains strongly resistant to change, a mixture of reality and power-play is likely to dominate domestic politics in the coming years, following the ascendency of King […]

The Huge Challenges Ahead For Saudi Arabia’s Oil Reforms

Every week, The WorldPost asks an expert to shed light on a topic driving headlines around the world. In this edition, we speak with Dr. Muhammad Sahimi about Saudi Arabia’s new plan to diversify its economy. Saudi Arabia launched an ambitious 14-year strategy to reshape its economy amid plummeting global oil prices on Monday, the […]

Venezuela’s Energy Crisis Causes Riots

In a desperate attempt to save electricity, drought-stricken Venezuela has introduced a new concept to the workplace calendar: the five-day weekend.

US-Created System In Iraq Is Collapsing: Protesters Storm Parliament, State of Emergency Declared

Less than two years ago, the US set up another puppet government in the mid-east this time in the state of Iraq when following substantial US pressure, on August 14, 2014 then prime minister al-Maliki agreed to stepped down and be replaced with Haider al-Abadi. Today, the regime is in chaos and the system set […]

The Coming World of “Peak Oil Demand,” Not “Peak Oil”

In a Greater Middle East in which one country after another has been plunged into chaos and possible failed statehood, two rival nations, Iran and Saudi Arabia, have been bedrock exceptions to the rule.  Iran, at the moment, remains so, but the Saudi royals, increasingly unnerved, have been steering their country erratically into the region’s […]

Debacle at Doha: The Collapse of the Old Oil Order

Sunday, April 17th was the designated moment. The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. Meeting in Doha, the glittering capital of petroleum-rich Qatar, the oil ministers of the Organization of the Petroleum Exporting Countries (OPEC), along with such key […]

Is the US so energy independent we should export crude oil?

[ This is one of several House of Representative sessions discussing energy independence and whether to revoke the energy policy and conservation act of 1975 ban on crude oil export. The only time so far I have ever seen a cautionary note about the reality of energy independence so far is in this session, in […]

A majority of millennials now reject capitalism

In an apparent rejection of the basic principles of the U.S. economy, a new poll shows that most young people do not support capitalism. The Harvard University survey, which polled young adults between ages 18 and 29, found that 51 percent of respondents do not support capitalism. Just 42 percent said they support it. It isn’t clear that the […]

Limits to Growth or Opportunities for Prosperity?

ast week, in a hot and crowded room deep within the Houses of Parliament, myself and fellow researchers from The Sussex Energy Group (SEG) and The Centre on Innovation and Energy Demand attended the launch event of the All-Party Parliamentary Group (APPG) on Limits to Growth. The APPG, chaired by Green MP Caroline Lucas and […]

That Time the U.S. Government Wrote a Report on Peak Oil

Last year, on October 29, the White House released a strategy and a multi-agency plan to prepare for and coordinate responses to space weather threats. What’s a “space weather threat” you might ask? From the intro to the White House report: “Space-weather events are naturally occurring phenomena that have the potential to disrupt electric power […]

Kunstler: The Awful Lull

Spring unfolds at last in all its loveliness and Hillary sits back in repose like the matriarch of toads with a clear path to her toadstool throne, having swallowed the mouse-king Sanders. (She forgets that there are millions more mice under the thatched grass, including new mouse-kings awaiting.) And Trump with his bullfrog smile now […]

Saudi prince unveils sweeping reform plan for economy

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman announced a sweeping reform plan on Monday that he said would transform the kingdom into a global investment power and wean the world’s top oil exporter off crude by 2020. Prince Mohammed, a son of the Saudi king who also serves as defense minister and head of […]

Saudi Arabia: Nothing But A Lot Of Sand & Hot Air

After three decades of internecine war, Abdul-Aziz bin Saud, allied with the fundamentalist Wahhabist Islamic sect, consolidated the House of Saud’s dominance over Arabia in 1932 with the tacit support of regional imperial power Great Britain. The bedrock of the Saudi Arabian economy, the massive pool of oil in the Al-Hasa region along the Persian […]

Is This The End Of The U.S Dollar? Geopolitical Moves “Obliterate U.S Petrodollar Hegemony “

It seems the end really is nigh for the U.S. dollar. And the mudfight for global dominance and currency war couldn’t be more ugly or dramatic. The Saudis are now openly threatening to take down the U.S. economy in the ongoing fallout over collapsing oil prices and tense geopolitical events involving the 9/11 cover-up. The […]

Harold Hamm endorses Trump for president

Harold Hamm, chief executive of shale oil producer Continental Resources Inc and Mitt Romney’s 2012 energy adviser, endorsed U.S. presidential candidate Donald Trump on Friday, saying he has the “fortitude to make tough decisions.” Hamm, who had previously donated to U.S. Senator Marco Rubio’s presidential campaign, called the real estate mogul a “business leader’s candidate” […]

On Earth Day, Reflect, Celebrate and Push Forward

By Elizabeth Beardsley, Senior Policy Counsel U.S. Green Building Council Earth Day 2016 will be a truly historic event. At the United Nations in New York City, more than 150 countries will sign the Paris Agreement that was forged at COP21. The signing by so many, this quickly, is unprecedented. By signing the agreement, countries […]

Venezuelan Oil Minister: US Sabotaged Doha Meeting

Venezuelan Oil and Mining Minister Euologio del Pino has accused the US government of deliberately scuppering the efforts of major oil-producing countries to put a cap on global production levels amidst a historic slump in oil prices. Referring to a major meeting convened between an array of 18 OPEC and non-OPEC countries in Doha on […]

The $2 Trillion Project to Get Saudi Arabia’s Economy Off Oil

Early last year, at a royal encampment in the oasis of Rawdat Khuraim, Prince Mohammed bin Salman of Saudi Arabia visited his uncle, King Abdullah, in the monarch’s final days before entering a hospital. Unbeknown to anyone outside the House of Saud, the two men, separated in age by 59 years, had a rocky history […]

How Non-Violence Protects The State

Debates of “violence VS non-violence” sprout up every time there’s a convergence or a new movement, such as “Occupy” or #Nuit Debout” This is why we decided to dust off this interview with Peter Gelderloos author of “How Non-Violence Protects the State”

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