According to MENAFN News, Iraqi Oil Minister, Hussain Al-Shahristani, has today announced plans to construct an oil and natural gas pipeline to both Iran and Syria - scheduled to begin construction in 2008.
Both neighboring countries have been long accused by the United States of meddling inside Iraq and are both accused of fueling the ongoing […]
The Financial Times today posted a gloriously titled article, “World will face oil crunch ‘in five years’” yesterday afternoon that predicts ever rising oil prices and economic gloom. But who is to blame?
The FT continues, “The world is facing an oil supply “crunch” within five years that will force up prices to record levels and […]
Every once in a while I get a comment from a reader. These are terrific because my opinions do indeed change as based on new facts, clarifications or even when I’m pointed to ‘real’ facts and not, perhaps, an over-reliance on faulty sources or assumptions. Hey - I’m human and I’m not an economist! I […]
Just as an increasing number of nations around the world join the growing demand for a more multi-polar world [1,2,3,4] and the demise of an over-extended United States – seemingly power-drunk on global domination - along comes a wave of speculation on the possible instability and ultimate collapse of the next supposed Hyper-power, China!
Article […]
David Frum, the former speechwriter for President George W Bush normally pounds the Kool-Aid a tad too excessively for my liking - BUT this article (entitled, “Russian Democracy is Dying“) is right on the money. Succinct, non-partisan and well-thought out - if you can spare five minutes, I’d highly recommend.
- We do know … over […]
After fifteen years of introspection, economic and political struggle and despair, Russia appears to be rapidly reclaiming its lost strength - economic and political - and is expressing its renewed confidence as a powerful alternative to the United States in world affairs.
Economic:
Russian president Vladimir Putin used his annual nationally broadcast news conference (1200 reporters from […]
President Bush shall address a hostile Democratic-controlled Congress tonight in his State of the Union address and will urge the nation to slash gasoline consumption by 20 percent within the next 10 years.
The reduction is to be achieved by the increased use of ethanol-derived fuel products (15% of the reduction) and improvements in car mileage […]
Whilst the U.S. media continues its obsession with Donald Trump and Rosie O’Donnell - the world continues to spin. In Europe however - there appears considerably less ’spin’ and plenty more shudder! Russia has been flexing its economic muscle over former Soviet countries and a significant portion of the European Union. Its weapon? The supply […]
Some fascinating news reports and opinion pieces have been published today in various rags about Iran’s faltering oil industry and the nation’s unsustainable demand for energy. A mixed bag of conclusions are made about the success (or lack) of trade sanctions against Iran, the nuclear standoff, and various fluffy next step assumptions.
This is fine and […]