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Global Oil Price Deflation 2018 and Beyond
Global Oil Price Deflation 2018 and Beyond Photo Source wongaboo | CC BY 2.0 One of the key characteristics of the 2008-09 crash and its aftermath (i.e. chronic slow recovery in US and double and triple dip recessions in Europe and Japan) was a significant deflation in prices of global oil. After attaining well over […]
“The Outlook For The Global Economy Has Deteriorated”: Oil, Copper And Lumber Are All Telling Us The Next Economic Downturn Is Here
“The Outlook For The Global Economy Has Deteriorated”: Oil, Copper And Lumber Are All Telling Us The Next Economic Downturn Is Here Oil, copper and lumber are all telling us the exact same thing, and it isn’t good news for the global economy. When economic activity is booming, demand for commodities such as oil, copper […]
Sino-Russian interdependence will be based on oil
Sino-Russian interdependence will be based on oil Although Beijing is Moscow’s largest trading partner, while Russia only ranks in the second ten among China’s importers, the Kremlin is strategically the most important contractor because it supplies the most desirable product – oil – and Chinese demand for this raw material is growing. It appears that […]
Oil Rallies On Report OPEC+ Will Do “Whatever It Takes”, May Cut By 1.4MM Barrels
Oil Rallies On Report OPEC+ Will Do “Whatever It Takes”, May Cut By 1.4MM Barrels One day after Saudi Arabia revealed that it had not complied with its production quota in October for the first time since OPEC’s November 2016 meeting in Vienna, Reuters sent oil prices into the green with a report that OPEC […]
Matthieu Auzanneau’s: OIL, POWER, AND WAR: A Dark History
Matthieu Auzanneau’s: OIL, POWER, AND WAR: A Dark History In Oil, Power, and War, French journalist Matthieu Auzanneau presents a comprehensive, provocative history of humankind’s relationship with oil. His account takes us from the first references to oil in ancient literature and scripture, to its current status as the lifeblood of the industrial economy, to its […]
Oil Slumps Below $60 To 8-Month Lows – Set For Record Losing Streak
Oil Slumps Below $60 To 8-Month Lows – Set For Record Losing Streak WTI Crude is trading back below $60 for the first time since March (and Brent below $70) as Washington’s decision to allow eight countries to continue importing from Iran, which it slapped with sanctions earlier this week; as well as pledges by Saudi Arabia […]
Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start
Iran Shuts Off Oil Tanker Tracking System As US Sanctions Start The US on Monday (Nov 5) is reimposing disciplinary measures targeting Iran’s oil, shipping, insurance, and banking sectors in what US Secretary of State Mike Pompeo called “the toughest sanctions ever placed” against Iran. In response, Tehran has reportedly turned off all oil tanker […]
The Untouchable US-Saudi Relation Is a Core Element of US Imperialism
The Untouchable US-Saudi Relation Is a Core Element of US Imperialism In the last few weeks, numerous articles and analyses have been produced relating to the murder of Jamal Khashoggi in the Saudi consulate in Istanbul. However, the relationship between Saudi Arabia and the United States has not been questioned, and the reason for this has not […]
Trump: There’s Enough Oil To Offset Iran Loss
Trump: There’s Enough Oil To Offset Iran Loss President Donald Trump has determined there was enough crude oil and oil products supply globally to offset any loss of supply from Iran after U.S. sanctions enter into force next week. In a memorandum, Trump said “there is a sufficient supply of petroleum and petroleum products from […]
Catabolism: Capitalism’s Frightening Future
Catabolism: Capitalism’s Frightening Future Photo Source SPACES Gallery | CC BY 2.0 “Out of the frying pan, into the fire” is an apt description of our current place in history. No matter what you think of globalization, I believe we’ll soon discover that capitalism without it is much, much worse. No one needs to convince […]
Total Planetary Collapse: The World’s Vertebrate Population Has Fallen By An Average Of 60 Percent Since 1970
Total Planetary Collapse: The World’s Vertebrate Population Has Fallen By An Average Of 60 Percent Since 1970 The clock is ticking for humanity, and it is not just because our financial system is heading for the biggest implosion that any of us have ever seen. The truth is that we are literally running out of […]
China’s Oil Addiction Is Its Main Weakness As A Superpower
China’s Oil Addiction Is Its Main Weakness As A Superpower For decades, the U.S. was so reliant on foreign crude oil imports that it dictated much of the country’s foreign policy spanning numerous presidential administrations. As far back as the 1970s, especially after the 1973-74 Arab oil embargo that threatened economic survival, foreign policy decisions […]
Chill!
Chill! René Magritte Pandora’s box 1951 They can’t help themselves even as they hurt themselves. Look guys, chill! I saw someone imply on Twitter that Donald Trump is an accomplice in a murder cover-up. This person knows as well as all the ones who liked the tweet that they all just don’t know. They don’t […]
Saudi Arabia Considers Itself Untouchable Due to Oil and Money
Saudi Arabia Considers Itself Untouchable Due to Oil and Money The roots of that lobby’s rise to prominence in Washington lie in the aftermath of the terrorist attacks of September 11, 2001. As you may remember, with 15 of those 19 suicidal hijackers being citizens of Saudi Arabia, it was hardly surprising that American public […]
