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German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut
German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut CEO of Germany’s multinational BASF SE, the world’s largest chemical producer, has warned that curbing or cutting off energy imports from Russia would bring into doubt the continued existence of small and medium-sized energy companies, and further would likely spiral Germany into its most […]
The Media is the Number One Cause of War Since 1898
The Media is the Number One Cause of War Since 1898 In 1895, a 32-year old entrepreneur in New York City bought a failing newspaper and hatched a bold plan to turn it around. The newspaper industry was cutthroat, especially in New York. There were at least 16 other daily newspapers in circulation, and there […]
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles Now that Moscow has doubled down on its demands that its European “partners” pay for its oil and gas in rubles instead of euros (which, as the bloc already demonstrated, can be easily confiscated in the name of “sanctions”), the German government is digging […]
Unsafe Water Kills More People Than Disasters And Conflicts
Unsafe Water Kills More People Than Disasters And Conflicts Fewer people around the world lack access to basic drinking water services than when the data was last published in 2015. Yet, as Statista’s Katharina Buchholz explains below, several countries, especially in Africa, still have a way to go to provide their citizens with safe drinking water. You will […]
The world on the brink of the abyss. Looking at the real danger
The world on the brink of the abyss. Looking at the real danger The neoliberal ideology of unrestrained markets has led to a global crisis. Humanity now faces an existential threat as the result of global dominance by corporations, whose ultimate goal is at odds with human flourishing Back in 1947, as the world was […]
Farmers on the Brink
Farmers on the Brink “Farming looks mighty easy when your plow is a pencil and you’re a thousand miles from the corn field.” – Dwight D. Eisenhower It was a spooky time to be out at sea off the US East Coast on Halloween in 1991. A strong storm system over the maritime provinces in […]
No one will win in the Russia-Ukraine conflict
No one will win in the Russia-Ukraine conflict Most people have a preconceived notion that there will be a clear winner and loser from any war. In their view, the world economy will go on, much as before, after the war is “won” by one side or the other. In my view, we are basically […]
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles
Kremlin Threatens To Halt Supplies As G7 Ministers Reject “Unacceptable” Demand To Pay For Gas In Rubles Update(9:01ET): Russia on Monday has issued a firm and unyielding response to G-7 ministers who had dismissed as “unacceptable” its plan to only accept ruble payments for Russian gas going to “unfriendly” nations. Earlier Monday German Economy Minister Robert Habeck […]
Nightmare Scenario: Operational Miscalculations Could Trigger Nuclear War
Nightmare Scenario: Operational Miscalculations Could Trigger Nuclear War Since Russia’s invasion of Ukraine on Feb. 24, Defense Secretary Lloyd Austin and Gen. Mark A. Milley, the Chairman of the Joint Chiefs of Staff, have tried to set up phone calls with Defense Minister Sergei Shoigu and Gen. Valery Gerasimov but the Russians “have so far declined […]
Next Inflation Shock Comes From Resource Nationalism
Next Inflation Shock Comes From Resource Nationalism First there was supply-chain disruption brought on by the coronavirus, then war in Ukraine further rocked commodity markets. The next bout of inflation via raw material prices will be brought on by resource nationalism. While the cost pressures brought on by the difficulty in moving goods in a […]
Saudi Aramco to increase oil production to meet global demand
Saudi Aramco to increase oil production to meet global demand Saudi Arabia’s state oil company said it would increase spending on oil production to meet rising global demand, as it reported a doubling of profits in 2021.© Provided by The Guardian Photograph: Ahmed Jadallah/ReutersSaudi Aramco – the world’s largest oil exporter and one of the world’s most profitable […]
Russia-Ukraine War and the Changing Energy Landscape.
Russia-Ukraine War and the Changing Energy Landscape. The can of worms that is our global use of energy, has been levered open yet further by the escalating war in Ukraine. Prices of all types of energy had already been hiked dramatically as a result of a strong economic rebound post-covid, but with limited capacity to […]
World War III is here, but it’s not what we expected
World War III is here, but it’s not what we expected Movies and books have often portrayed World War III as either the final chapter of the human epoch or as a new but primitive restart for those who survive the nuclear conflagration. We cannot know if such prophesies will ultimately come true. For now […]
Chris Hedges: Waltzing to Armageddon
Chris Hedges: Waltzing to Armageddon The Dr. Strangeloves, like zombies rising from the mass graves they created around the globe, are once again stoking new campaigns of industrial mass slaughter. Bus burning on a road from Kharkiv to Kiev as Russia invades Ukraine on Feb. 24. (Yan Boechat/VOA) The Cold War, from 1945 to 1989, was […]
After the Ukraine Invasion: Sobering New Global Energy-Economic-Political Terrain
After the Ukraine Invasion: Sobering New Global Energy-Economic-Political Terrain Russia’s invasion of Ukraine, and the West’s response, are ushering the world into a new energy, economic, and political era. In broad outline, this new era will have less-globally-integrated energy markets, and less-secure supplies of fossil fuels. Since energy is the irreducible basis of all economic […]
