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Our Economy Is Broken. Here’s How to Fix It.

Public Policy

Last week at the UN Headquarters in New York, experts, ministers, civil servants and development workers gathered from around the world to discuss sustainable development. But they weren’t the only ones who were mobilising. For the last year or so, young people have been marching in their thousands – their hundreds of thousands – to […]


violent clashes hit Chile, Hong Kong, Lebanon and Barcelona

violent clashes hit Chile, Hong Kong, Lebanon and Barcelona thumbnail

Here’s the latest in each of the country’s affected by unrest Riot police fire tear gas to disperse demonstrators during a protest targeting the government over an economic crisis, near the government palace in Beirut, Lebanon October 18, 2019. Reuters Protests have broken out in several countries across the world, with citizens unhappy for different […]


Chile declares state of emergency amid student riots

Chile declares state of emergency amid student riots thumbnail

Protests and rioting have intensified in Santiago, where students are opposing a hike in the price of subway fares. Authorities enacted a state of emergency after a night of vandalism and violence. Chilean President Sebastian Pinera declared a state of emergency in parts of Santiago early Saturday morning after protesters started fires at subway stations […]


U.S. Department of Transportation Proposes Major Rule for the Safe Transportation of Liquefied Natural Gas by Rail Tank Car

Public Policy

Today, the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA), in coordination with the Federal Railroad Administration (FRA), announced that it is publishing a notice of proposed rulemaking (NPRM) regarding the transportation of liquefied natural gas (LNG).  The proposed rule will seek comment on changes to the Hazardous Materials Regulations (HMR) to […]


“Oil for development” budget, challenges and opportunities

“Oil for development” budget, challenges and opportunities thumbnail

Iran has recently announced that its next fiscal year’s budget is going to be set with less reliance on oil revenues. Last week, Head of the Country’s Budget and Planning Organization (BPO) Mohammad Baqer Nobakht said “In the next year’s budget – it starts on March 19, 2020 – oil revenues will be only spent […]


Why Don’t We Fight Wars Over Carrots?

Why Don’t We Fight Wars Over Carrots? thumbnail

What are the geopolitics of carrots? It’s an odd question to ask, but one posed by veteran oil analyst Professor Paul Stevens at the LNGgc conference held October 9-10 in London. The point of the question is that carrots do not have geopolitics because they are cheap, abundant and available nearly everywhere. Stevens was comparing […]


Who Owns the Arctic?

Public Policy

In August, President Donald Trump made international headlines when he voiced an interest in buying Greenland, the world’s largest island, which teeters on the edge of the icy Arctic Ocean. As it turns out, Greenland isn’t for sale, and Trump was widely ridiculed for his diplomatic blundering. Yet, many wondered what could be behind this […]


Can American Values Survive in a Chinese World?

Can American Values Survive in a Chinese World? thumbnail

The People’s Republic of China bounds from strength to strength. Every year sees increases in its wealth and power relative to the world. But what do its leaders hope to achieve with their newfound clout? China’s Vision of Victory, Jonathan D.T. Ward, Atlas Publishing, 316 pp., $25, March 2019 This is the topic of Jonathan […]


Oil Rises as Iran Tanker Attack Reignites Mideast Risk

Public Policy

Oil jumped to the highest in two weeks after the U.S. and China reached a partial agreement following trade talks and as an Iranian oil tanker was struck. Futures in New York climbed 2.2% on Friday and the global benchmark Brent closed above $60 a barrel for the first time in nearly two weeks. The […]


Trade Talks Loom Over Oil

Public Policy

(Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – S. oil exports increased from an average of 966,000 bpd in the first half of 2018 to an average of 2.9 mb/d in the same period this year. – In June 2019, the U.S. set an average monthly record high of 3.2 […]


Iraq protests: Death toll soars after four days of protests

Iraq protests: Death toll soars after four days of protests thumbnail

Image copyright AFP Image caption Violence intensified on Friday, despite the Iraqi prime minister’s appeal for calm The death toll in anti-government protests that have swept Iraq the past five days has soared to at least 70, security and medical sources say. The figure has more than doubled since Friday, as clashes between protesters and […]


How far is far enough in an emergency?

How far is far enough in an emergency? thumbnail

The world is on fire and no one in power seems able to do anything about it. Natural disasters come in ever greater frequency and intensity, while “climate refugee” is no longer a notional term. Irreversible feedback loops, scientists warn, are rapidly approaching. We have 12 years — or maybe only 18 months. The crisis […]


Saudi Elites Question MbS’ Ability To Lead World’s Largest Oil Exporter After Aramco Attack

Saudi Elites Question MbS’ Ability To Lead World’s Largest Oil Exporter After Aramco Attack thumbnail

Sources told Reuters that members within Saudi Arabia’s ruling family and business elites are increasingly becoming frustrated with Crown Prince Mohammed bin Salman (MbS) after the largest-ever attack on Saudi oil facilities on September 14, reported Reuters. Distinguished members within the ruling Al Saud family have expressed deep concern about MbS’ ability to defend and […]


A Developed-Nation Lifestyle? Yes, Please…

A Developed-Nation Lifestyle? Yes, Please… thumbnail

Kabuki public-policy theater is more fun than studying statistics. So it’s unlikely that a certain Scandinavian enviro-brat will read a single page of the U.S. Energy Information Administration’s latest International Energy Outlook. However, her allies in the climate-hysteria industry should. The report reveals how uninterested developing nations are in curtailing their energy usage. The EIA’s […]


Kunstler: A Dumpster Fire on a Garbage Barge

Public Policy

UkraineGate, son of RussiaGate, raises an interesting question: is our Central Intelligence Agency really this crude that they would loan out a CIA officer to the White House’s National Security Council (NSC) and use him as a weapon to shiv the occupant of the oval office? Or was The New York Times’s unmasking of the […]


The World’s Oil Security Blanket Has Been Torched

The World’s Oil Security Blanket Has Been Torched thumbnail

The real impact of the attack on Saudi oil installations last weekend goes well beyond the temporary loss of 5% of global oil production: It strikes at the heart of the mechanism that’s guaranteed the security of the world’s crude supply for most of the past 50 years. Ever since the western oil majors lost control of output […]


More Fracking, or More War?

Public Policy

It’s our choice. Here is a news lead that begins with a bang and ends with a whimper: “The strike on the heartland of Saudi Arabia’s oil industry, including damage to the world’s biggest petroleum-processing facility, has driven oil prices to their highest level in” — here, Reuters should have used some ellipses of irony […]


Nobel Laureate Spence Says Oil Shock Still Possible,

Public Policy

Nobel laureate Michael Spence, professor of economics at NYU’s Stern School of Business and senior adviser at General Atlantic, comments on the possibility of an oil shock and German Chancellor Angela Merkel’s decison to stick to zero deficit spending during an interview with Bloomberg’s Romaine Bostick and Guy Johnson on “Bloomberg Markets.” (Source: Bloomberg)


U.S. to deploy military forces to Saudi Arabia

Public Policy

The United States is deploying military forces to the Middle East after Saturday’s drone attacks on major oil sites in Saudi Arabia that the administration of President Donald Trump has blamed on Iran. “The president has approved the deployment of U.S. forces which will be defensive in nature and primarily focused on air and missile […]


The only solution to climate change is world socialism

Public Policy

Millions of students, youth and their supporters in more than 150 countries will take part this Friday in a worldwide Global Climate Strike demanding immediate and far-reaching actions to abate and reverse climate change. The internationally coordinated protests are being organized in response to the growing realization among young people that the governments of the […]


Saudi Arabia says Iran missiles, drones attacked oil sites

Public Policy

U.S. Secretary of State Mike Pompeo on Wednesday called the attack on Saudi Arabia’s oil installations an “act of war” against the kingdom by Iran, as the Saudis displayed missile and drone wreckage and cited other evidence they said shows the raid was “unquestionably sponsored by Iran.” Iran, which has denied involvement in the attack, […]


Saudi Arabia Still Unsure of Launch Site for Oil Attacks

Public Policy

Saudi Arabia said attacks on its critical oil infrastructure were “unquestionably sponsored by Iran” but stopped short of saying the strikes were launched directly from or by the Islamic Republic, claims that could have propelled a drift toward war. With parts of drones and missiles recovered from the attack sites at Abqaiq and Khurais on […]


Michael Klare: The Pompeo Doctrine

Public Policy

Donald Trump got the headlines as usual — but don’t be fooled. It wasn’t Trumpism in action this August, but what we should all now start referring to as the Pompeo Doctrine. Yes, I’m referring to Secretary of State Mike Pompeo and, when it comes to the Arctic region, he has a lot more than […]


China Warns Trump Not to Believe Warhawk “Conspiracy Theories” That Iran Was Behind Attack on Saudi Arabia

China Warns Trump Not to Believe Warhawk “Conspiracy Theories” That Iran Was Behind Attack on Saudi Arabia thumbnail

China has warned President Trump that he is being manipulated by warhawks into believing “conspiracy theories” that Tehran was behind the attack on Saudi oil facilities and that any “revenge attack” on Iran could cause the Middle East to “spiral out of control.” The warning was contained in an editorial posted by the Global Times, […]


Kunstler: A View from the Brink

Public Policy

Welcome to the world where things don’t add up. For instance, some people did some things to the Saudi Arabian oil refinery at Abqaiq over the weekend. Like, sent over a salvo of cruise missiles and armed drone aircraft to blow it up. They did a pretty good job of disabling the works. It is […]


Iraq denies its territory was used to launch attack on Saudi oil facilities

Public Policy

Iraq denied on Sunday that its territory had been used to carry out attacks on oil facilities in Saudi Arabia, referring to an incident that knocked out more that half the Kingdom’s output. A Baghdad government statement denied “media reports that (Iraqi) territory was used to attack Saudi oil installations using drones,” vowing to punish […]


Saudis Race to Restore Oil Output After Aramco Attacks

Public Policy

Saudi Arabia is racing to restore oil production after a brazen drone strike on a key Aramco facility slashed its output by half, or about 5% of world supply, an assault that the U.S. has blamed on Iran. State energy producer Saudi Aramco lost about 5.7 million barrels per day of output after 10 unmanned […]


Saudi Shuts Down Half Its Oil Output After Drone Strikes

Saudi Shuts Down Half Its Oil Output After Drone Strikes thumbnail

Saturday’s attack on a critical Saudi oil facility will almost certainly rock the world energy market in the short term, but it also carries disturbing long-term implications. Ever since the dual 1970s oil crises, energy security officials have fretted about a deliberate strike on one of the critical choke points of energy production and transport. […]


Caitlin Johnstone: American Privilege

Public Policy

American liberals and progressives talk a bit about white privilege, male privilege, straight privilege etc, but one thing I never hear them talk about is American privilege: the ability their nationality gives them to have a relationship with this world that the rest of us do not have. American privilege is reassuring yourself that there […]


Houthis claim drone attack on Saudi oil plant

Public Policy

A military spokesman for Yemen’s Houthi rebels has claimed a drone attack on two major oil installations in Saudi Arabia. Yahia Sarie made the announcement Saturday in a televised address carried by the Houthi’s Al-Masirah satellite news channel. He said the Houthis sent 10 drones to attack an oil processing facility in Buqyaq and the […]


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PO Real Time

@larry79115 @pmagn Before many were worried about oil running out, now it's unfortunate that there is more than enough to cook civilization. Most Saudi oil is not located in shales, which is required for fracking to become an option. #peakoil

These #FossilFools: @exxonmobil @Shell @Chevron @BP_plc @OPECnews scared my generation with #PeakOil; plunging civilisation into dark ages. Cars being pulled by horses, etc. It was a water cooler talking point for a while. #Propaganda and dirty #lobbying lures Government

Will the Fracking Bubble Peak Before Ever Making Money? #PeakOil resilience.org/stories/2019-1… via @postcarbon