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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Tags: F. William Engdahl, Oil Economy
Posted in Articles, Energy & Economy, Geo-Economics, Lessons in Economics, Oil Economy | No Comments »
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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Tags: Haiti, Oil Economy
Posted in Articles, Geo-Economics, Geo-Politics, Lessons in Economics, Oil Economy, Understanding Money | No Comments »
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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Tags: Arctic Oil
Posted in Articles, Geo-Economics, Geo-Politics, Lessons in Economics, Lessons on Recession, New Post, Oil Economy | No Comments »
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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Tags: Arctic Oil, International Relations
Posted in Articles, Geo-Politics, International Relations, Lessons in Economics, NATO, New Post, North America, Oil Economy, Russia | No Comments »
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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Tags: Iraq war, Oil Economy
Posted in Articles, Geo-Economics, Geo-Politics, Iraq, Oil Economy, War & Economy | No Comments »
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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Tags: Oil Economy
Posted in Articles, Eurasia, Geo-Politics, Lessons in Economics, Oil Economy | No Comments »
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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Tags: Azerbaijan, NATO
Posted in Articles, Eurasia, Geo-Politics, International Relations, Lessons in Economics, NATO, Oil Economy, War & Economy | No Comments »
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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Tags: Oil, Oil Economy, Real Economy
Posted in Agri Economics, Book Review, Economic Solutions, Environment & Economy, Oil Economy | No Comments »
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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Tags: Arctic Oil, Oil
Posted in Articles, Geo-Economics, Geo-Politics, International Relations, Oil Economy, War & Economy | No Comments »
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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Tags: Oil, Oil Economy
Posted in Articles, Geo-Economics, Oil Economy | No Comments »
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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Tags: Oil Economy, Peak Oil
Posted in Articles, Geo-Economics, Geo-Politics, Lessons in Economics, Oil Economy | No Comments »
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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Tags: Oil Economy
Posted in Articles, Oil Economy | No Comments »
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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Tags: Africa, Oil
Posted in Africa, Geo-Economics, Geo-Politics, Oil Economy, War & Economy | No Comments »
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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Tags: Arctic Oil, Oil, War
Posted in Articles, Geo-Economics, Geo-Politics, Oil Economy, Russia, War & Economy | No Comments »
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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Tags: Antonia Juhasz, Big Oil, Financial Crash
Posted in Articles, Banking, Geo-Economics, Lessons in Economics, Lessons on Recession, Oil Economy | No Comments »
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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Tags: Oil
Posted in Articles, Geo-Economics, Geo-Politics, Oil Economy, War & Economy | No Comments »
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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Tags: Peal Oil
Posted in Articles, Geo-Economics, Oil Economy | No Comments »
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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Tags: Iraq war, War
Posted in Articles, Documentaries, Geo-Politics, Iraq, Middle East, Oil Economy, USA, War & Economy | No Comments »