Oil Economy

Gulf Oil Spill “Could Go on Years and Years” …

June 12, 2010
Gulf Oil Spill “Could Go on Years and Years” …

The Obama Administration and senior BP officials are frantically working not to stop the world’s worst oil disaster, but to hide the true extent of the actual ecological catastrophe. Senior  researchers tell us that the BP drilling hit one of the oil migration channels and that the leakage could continue for years unless decisive...
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Oil in Haiti – Economic Reasons for the UN/US Occupation

January 22, 2010
Oil in Haiti – Economic Reasons for the UN/US Occupation

This article was first published in October 2009. Oil in Haiti and Oil Refinery – an old notion for Fort Liberte as a transshipment terminal for US supertankers – Another economic reason for the ouster of President Aristide and current UN occupation (Haiti’s Riches:Interview with Ezili Dantò on Mining in Haiti) There is evidence...
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Arctic Grab: Something rotten in Denmark, Norway, Russia, US, Canada …

August 9, 2009
Arctic Grab: Something rotten in Denmark, Norway, Russia, US, Canada …

Stealing the Indigenous area of Northern Great Turtle Island More colonial subterfuge!  Canada, US, Russia, Norway, Denmark and other imperialist entities are trying to steal the Indigenous area of northern Great Turtle Island. Climate change is causing the ice to recede. They all want to cart away our minerals, oil and gas.  Ruskie and...
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Arctic: Canada Leads NATO Confrontation With Russia

August 9, 2009
Arctic: Canada Leads NATO Confrontation With Russia

Continuing the pattern by top Canadian federal officials over the past year of issuing blunt and bravado statements aimed at Russia over the Arctic, on August 1 Defence Minister Peter MacKay was paraphrased as “warn Russia that Canuck fighter jets will scramble to meet any unauthorized aircraft” as a mainstream Canadian news agency less...
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Posted in Articles, Geo-Politics, International Relations, Lessons in Economics, NATO, New Post, North America, Oil Economy, Russia | No Comments »

Oil and the Iraq withdrawal

July 1, 2009
Oil and the Iraq withdrawal

It is fitting that today’s deadline for the withdrawal of US troops from Iraq’s cities coincides with a meeting in Baghdad to auction off some of the country’s largest oil fields to companies such as ExxonMobil, Chevron and British Petroleum. It is a reminder of the real motives for the 2003 invasion and in...
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The Eurasian Pipeline Calculus

June 19, 2009
The Eurasian Pipeline Calculus

Calculus has two main variants—derivative and integral. The Eurasian energy pipeline geopolitics between Turkey Washington and Moscow today has elements of both. It is highly derivative in that the major actors across Central Asia from China, Russia to Turkey are very much engaged in a derived power game which has less to do with...
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NATO’s War For The World’s Heartland: Azerbaijan And The Caspian

June 19, 2009
NATO’s War For The World’s Heartland: Azerbaijan And The Caspian

Welcoming Azerbaijan’s Foreign Minister Elmar Mammadyarov to Foggy Bottom in early May of this year, US Secretary of State Hillary Clinton could think of nothing more original to say than “Azerbaijan has a very strategic location that is one important not only to their country, but really, regionally and globally….” But what Clinton’s...
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Book Review: Soil Not Oil

June 7, 2009
Book Review: Soil Not Oil

Soil Not Oil by Vandana Shiva South End Press, 2008, 160 pages The following is an excerpt from the book: The industrialized, globalized food system is based on oil. It is under threat because of the inevitability of “peak oil.” It is also under threat because it is more vulnerable than traditional agriculture to...
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Arctic may be home to 30% of world’s undiscovered gas

June 4, 2009
Arctic may be home to 30% of world’s undiscovered gas

Danger of Military Conflict over Arctic? Battle For Resources May Intensify Russia says the point here is not militarization, but the possibility of a military conflict over this region, which could be high in the next ten years. Meanwhile, Canada also started increasing its military presence in the region. A new study by the...
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Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?

May 29, 2009
Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?

Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand don’t always apply to oil prices. Drivers have faced rising prices at the gas pump in recent months, as investors and oil-producing countries hoard supplies...
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How much Oil is left?

May 29, 2009
How much Oil is left?

Confessions of an ‘ex’ Peak Oil believer The good news is that panic scenarios about the world running out of oil anytime soon are wrong. The bad news is that the price of oil is going to continue to rise. Peak Oil is not our problem. Politics is. Big Oil wants to sustain high...
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Antonia Juhasz on “The True Cost of Chevron: An Alternative Annual Report”

May 26, 2009
Antonia Juhasz on “The True Cost of Chevron: An Alternative Annual Report”

Now Chevron’s annual report reports that 2008 was the company’s most profitable year in history. Just ahead of Chevron’s shareholder meeting, a new report released today tells shareholders more about the hidden and underreported costs of these profits. The alternative annual report is called “The True Cost of Chevron.” It brings together stories from...
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Will the Next War for Oil be in Africa?

May 17, 2009
Will the Next War for Oil be in Africa?

In recognition of “the emerging strategic importance of Africa,” in February 2007 President Bush ordered the creation of AFRICOM, the U.S. Africa Command. AFRICOM, like CENTCOM (Central Command) and EUCOM (European Command), centralizes all authority for the U.S. military operating in the African region under one command structure. AFRICOM also transfers many duties that...
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Russia Warns of Oil Wars in the Arctic

May 17, 2009
Russia Warns of Oil Wars in the Arctic

A true addict does not know that it is addicted. It does not know when to seek help. It cannot tell when its actions move from the sublime to the ridiculous. It cannot tell it is time to wean itself off a lethal product before it self-destructs. Russia threatening war in the Arctic over...
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How Big Oil’s Lobbyists Contributed to Big Finance’s Crash.

May 17, 2009
How Big Oil’s Lobbyists Contributed to Big Finance’s Crash.

In 2000, Big Oil teamed up with the nation’s largest investment banks and Enron to achieve the mother-of-all deregulatory loopholes. We are all paying the price today. In a monumental about-face, U.S. Security and Exchange Commission Chairman Christopher Cox became the latest deregulation devotee to confess utter failure, repudiating the policies to which he...
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The Resource Curse: Debt & Oil

May 3, 2009
The Resource Curse: Debt & Oil

Debt, poverty, and the resource curse In the mid 1990’s economists Jeffrey Sachs and Andrew Warner noticed a funny thing. One would think that countries that were well endowed with oil, gas and mineral wealth would be correspondingly economically well off – but in fact just the reverse seemed to be true. Sachs and...
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Peak Oil

May 3, 2009
Peak Oil

Amazingly, no one knows with any reasonable degree of certainty how much oil is left in the world. We rely on Exxon and the Saudis to tell us how much Exxon and the Saudis have. Talk about the foxes guarding the henhouse. Twenty years ago, this seemed unimportant, as everyone agreed there was more...
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‘Iraq isn’t a war about oil’. The bottom line. ‘It is about oil’.

May 2, 2009
‘Iraq isn’t a war about oil’. The bottom line. ‘It is about oil’.

Bill Moyers on Big Oil and Iraq “Oh no, they told us, Iraq isn’t a war about oil. That’s cynical and simplistic, they said. It’s about terror and al Qaeda and toppling a dictator and spreading democracy and protecting ourselves from WMD. But one by one, these concocted rationales went up in smoke, fire,...
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