Michael Lynch: What Did You Do In The Oil War, Daddy?

The past decade with its commodity supercycle and growing environmental concerns has revived fears that some combination of resource scarcity and environmental degradation will or has increased the likelihood of military conflict. Thomas Friedman in the New York Times argues that the current flood of refugees into Europe reflects three big factors, one of which […]

This is what the future of the US Army will look like

On September 17, I had the privilege of testifying before the Congressionally-mandated Commission on the Future of the Army. Its members include retired Army generals Carter Ham, Larry Ellis, JD Thurman, and Jack Stultz, former Pentagon officials Robert Hale, Thomas Lamont, and Kathleen Hicks, and former Sergeant Major of the Army Raymond Chandler III. It […]

The Population Control Conspiracy

Does the world need population control, or does it need corporation control? According to Jim Marrs in his new book Population Control: How Corporate Owners Are Killing Us, corporate owners, the one-percenters, are killing us, and it may be intentional. Robert Edward “Ted” Turner III, who is suspected by some of being one of the […]

Western Civilization is on Life Support and Europe is Trying to Pull the Plug

Western Civilization, whether the world chooses to admit it or not, is dying. All the signs point to an inevitable pending disaster: Our liberties are eroding, the culture has fundamentally transformed (in both good and bad ways), the religious underpinnings of our society have been removed, and life as we know it is about to […]

Feds to launch sweeping oil patch safety study

Next year, federal health officials will send questionnaires to hundreds of workers in oil and gas fields across the country in a study aimed at making the industry less deadly, according to The Denver Post. The National Institute for Occupational Safety and Health, which is part of the Centers for Disease Control and Prevention, will […]

Syria peak oil weakened government’s finances ahead of Arab Spring in 2011

While the attention of the world is on the refugee crisis we need to look at the causes of this mass exodus. Fig 1: Refugees walking on Hungarian motorway towards Austria in Sep 2015 In May 2013 the Guardian had an article “Peak oil, climate change and pipeline geopolitics driving Syrian conflict” http://www.theguardian.com/environment/earth-insight/2013/may/13/1 In March […]

OPEC Is About to Get Even Bigger

There’s been a lot of debate as to whether OPEC’s decision to protect its market share would work. Some thought that the policy shift from protecting price to protecting market share would eventually lead to a breakup of the organization, as weaker members would revolt or bolt. That, however, doesn’t appear to be the case, […]

Saudi copes with oil drop by selling FX

Look out world—China’s not the only central bank in town selling its currency reserves to cope with a tumultuous global economy. With crude prices having shed more than half their value over the past year, oil producing economies are feeling the sting of cheaper oil. More importantly, Saudi Arabia—OPEC’s largest member and the world’s top […]

Egypt will take Cyprus gas

The recent discovery of giant natural gas deposits in Egypt’s Zohr plot does not negate the country’s export deal with Cyprus, newly-accredited ambassador Hussein Mubarak told the Cyprus Weekly. Although Nicosia is looking into different scenarios, Cairo’s offer to import the gas from the Aphrodite plot offshore Cyprus, liquefy it in Egypt and sell it […]

Saudi Arabia Says It Has Taken In 2.5 Million Fleeing Syrians

After attracting severe criticism on social media and from members of the Muslim community around the world, Saudi Arabia has defended itself saying that the kingdom has accepted more than 2.5 million refugees since the Syrian conflict began. The oil-rich nation also claimed that it has given permanent residency to hundreds of thousands of Syrians […]

Truth takes a hit in the battle over U.S. oil export ban

They say that the first casualty of war is truth. And, on both sides of the fight over lifting the ban on exports of U.S. crude oil, the truth has already fallen into a coma. The ban was instituted in 1975 in order to make America less subject to swings in international oil supply after […]

Launch Of Renminbi-Denominated Oil Futures Contract Imminent

Whenever one talks about the death of the petrodollar, the unspoken question lurking just beneath the surface is this: is the rise of the petroyuan just around the corner? This year, we’ve gotten quite a bit of evidence to suggest that the answer to that question may indeed be a resounding “yes.” In May for […]

Oil is often the reason for interfering in another country’s war

Researchers have for the first time provided strong evidence for what conspiracy theorists have long thought — oil is often the reason for interfering in another country’s war. Throughout recent history, countries which need oil have found reasons to interfere in countries with a good supply of it and, the researchers argue, this could help […]

Britain plans Syria strikes and push for transition of power

Downing Street is drawing up a new strategy for Syria that would involve limited military strikes against the “controlling brains” of the Islamic State and a renewed diplomatic push that could see Bashar al-Assad remain president for a transitional period of six months. In a sign of No 10’s determination to avoid another Commons defeat […]

US House Panel Passes Bill To Repeal Oil Export Ban

A U.S. House of Representatives subcommittee passed a bill on Thursday to repeal the U.S. ban on oil exports, providing momentum in the chamber for overturning the 40-year old trade restriction. The House Energy and Power subcommittee passed the bill by a voice count. The legislation, sponsored by Republican Representative Joe Barton of Texas, is […]

The True Cost of ‘Cheap’ Natural Gas For Europe

Everyone knows who is behind ISIS, AL Nusra Front and the other ‘rebels’ fighting against the regimes in Syria and Iraq. There are no secrets anymore; it’s Israel, Saudi Arabia and Arab nations in the Persian Gulf (i.e. Qatar, UAE etc. otherwise known as Gulf Arab States). There are now 4 million Syrian refugees, and […]

Arab Gulf countries to discuss unifying oil product pricing

The six oil ministries from the Gulf Cooperation Council (GCC) countries will meet Wednesday to discuss the possibility of unifying the prices of oil products, Kuwait’s oil ministry said in a statement late Sunday. The meeting, planned for Doha will be attended by undersecretaries from each of the ministries — from Bahrain, Kuwait, Oman, Qatar, […]

Kunstler: There Goes Europe

The desperate wish in what is loosely called the West to at least appear morally correct is unfortunately over-matched by the desperation of people fleeing unstable, overpopulated places outside the West, and it is a fiasco beyond even the events of the moment. The refugee / immigrant crisis around the Mediterranean is a preview of […]

Iran eyes natural gas exports to Europe

Iran is said to be weighing exporting natural gas to European countries through Turkey, its gateway to the continent, following a nuclear deal signed with world powers two months ago that has helped renew economic ties with countries that had imposed international sanctions on Tehran for the better part of the past decade. Exporting gas […]

Scores of Gulf troops killed in Yemen conflict

Forty-five soldiers from the United Arab Emirates’ military, while taking part in a military campaign against Yemen’s Houthi rebels, in the deadliest day for Gulf forces since the conflict began. Pro-government Yemeni security officials said the UAE troops were killed on Friday when a Houthi missile hit a weapons storage depot near their position in the […]

Whither The Economy?

The great problem with corporate capitalism is that publicly owned companies have short time horizons. Unlike a privately owned business, the top executives of a publicly owned corporation generally come to their positions late in life. Consequently, they have a few years in which to make their fortune. As a consequence of the short-sightedness of […]

China’s Worst nightmare–The US Oil Weapon

Tingbin Zhang writes: China’s islanding building on the four-mile-long and two-mile-wide Subi Reef in the South China Sea has put The US in a tight spot. To protect its ally from China’s aggression, The US will be left with little choice but to constrain China by military means. However, the US won’t directly engage China […]

China Shows Off Military Might in Grand Parade

The new confident ambitious China is on parade today in Beijing, marking the 70th anniversary of the end of World War II. Presidents Putin and Park are among the guests but most of China’s wartime allies have stayed away. Bloomberg’s Stephen Engle and David Tweed report on “Trending Business.”

No Deal On Oil Output After Russia’s Putin Meets Venezuela’s Maduro

Russia and Venezuela need to combine efforts to lift oil prices, President Vladimir Putin told his Venezuelan counterpart Nicolas Maduro on Thursday, but refused to spell out any specific action, including output cuts. The economies of major producers Russia and Venezuela are highly dependent on proceeds from the sale of oil, the price of which […]

Will oil’s collapse kill the Keystone pipeline?

While some Wall Street analysts now think the probability of the U.S. economy going into recession are nearly 50 percent, Canada is already there. That bad news comes as Canada gears up for a general election in October and at a time when the slide in global oil prices could spell continuing trouble for Canada’s […]

Kerry Promises Israel, Saudis Money

Secretary of State John Kerry on Wednesday moved to reassure Congress that Israel and America’s Gulf State allies would be fully taken care of in the wake of the Iran nuclear deal, which Kerry acknowledged would not stop Iran’s support for terrorism, according to a letter sent by the secretary of state to lawmakers. Just […]

China To Lend Venezuela $5 Billion To Boost Oil Production

China will lend Venezuela’s government $5 billion to help the South American country produce more oil. Venezuela is seeking to ramp up production in coming months to offset steep losses caused by falling prices for crude, the nation’s main export, according to media reports. Venezuela’s President Nicolas Maduro announced the deal Tuesday in a speech in […]

Much ado about … an OPEC editorial

An editorial in OPEC’s latest Bulletin caused much excitement and contributed to a price rally on oil markets on August 31. The oil producer club said it stood “ready to talk to all other producers” but emphasized that this had to be on “a level playing field.” But there’s nothing new here. OPEC has regularly […]

Russia, Venezuela to Discuss Potential Steps to Stabilize Oil Prices

Russian President Vladimir Putin will discuss “possible mutual steps” to stabilize the global price for oil at a meeting with Venezuelan President Nicolás Maduro in China on Thursday, a Kremlin aide said, as both countries grapple with lower prices for their main export. Venezuela, a Russian ally that has been hit hard by plunging oil […]

Air Strike Kills 36 Civilians

An air strike by warplanes from a Saudi-led coalition, which said it targeted a bomb-making factory, killed 36 civilians working at a bottling plant in the northern Yemeni province of Hajjah on Sunday, residents said. In another air raid on the capital Sanaa, residents said four civilians were killed when a bomb hit their house […]

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