The U.S. and Saudi Arabia have a close relationship with a bond “that goes far beyond energy,” Saudi Oil Minister Ali al-Naimi said. The minister told graduates during his commencement speech at Lehigh University in Bethlehem, Pennsylvania, that “We seek together a world of greater understanding, mutual tolerance, and respect for human dignity and personal [...]
I often hear the comment — “If we only had an energy policy” — but what does that really mean? In this column I will provide three examples — originating with both Democrats and Republicans and impacting both renewable energy and fossil fuels — of how constantly shifting legislation makes it very difficult to plan [...]
Group of Eight leaders agreed on Saturday to call on the International Energy Agency to take “appropriate action” if there are further disruptions to the oil market in the coming months, sources familiar with the G8 draft communique said. “There have been increasing disruptions in the supply of oil to the global market over the [...]
Iran on Saturday said sanctions over its disputed nuclear programme should be lifted in talks with world powers next week in Baghdad, but maintained the punitive measures would not compel it to abandon its atomic “rights.” Foreign ministry spokesman Ramin Mehmanparast told the government daily Iran that the lifting of sanctions would display “the first [...]
Despite the recent fall in oil prices, analysts say President Obama may tap the Strategic Petroleum Reserve as sanctions on Iran take hold. While oil prices have fallen from over $110 a barrel to near $90 in recent weeks, tougher sanctions on Iran begin to take effect at the end of June. That could mean [...]
After being immersed in the world of alternative economic analysis for several years, it sometimes becomes easy to forget that most people do not track forex markets, or debt to GDP ratio, or true unemployment, or hunch over IMF white-papers highlighting subsections which expose the trappings of the globalist ideology. Sometimes, you just assume the [...]
Over the last four months or so, as this blog has sketched out the trajectory of empires in general, and then traced the intricate history of America’s empire in particular, I’ve been avoiding a specific issue. That avoidance hasn’t come from any lack of awareness on my part, and if it had been, comments and [...]
[NOTE: This is the sixth and final installment of a subset of my ongoing series entitled Looking Left and Right (which began here; see Category sidebar for all links). This is about Peak Oil, but addresses the considerations and potential solutions from a different perspective than purely fact-based and/or he-said—she-said ones which too often dominate [...]
The U.S. ambassador to Israel, Daniel Shaprio, told a closed conference in Tel Aviv that the United States has completed preparations for a military strike on Iran. His comments were recorded by a reporter and aired on Israel’s Channel 2 TV on Wednesday night. “It would be preferable to resolve this diplomatically, and through the [...]
The United States is leading what it described as the “largest military exercises in the Middle East in 10 years” in Jordan on Tuesday. Eager Lion 2012 “is the largest exercise held in the region in the past ten years,” Major General Ken Tovo, head of the US Special Operations Forces, told reporters in Amman. [...]
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