Insight and inspiration in turbulent times.
Behind the debate among Opec members on a reasonable price for their oil lies the urgent need among many of these oil-dependent nations to finance growing government expenditure in the face of rising unemployment and population growth.
Energy giant Total has shut down oil and gas production in Nigeria in the face of a threatened labor strike that raised management fears that there could be violence, the company said Tuesday.
The Apollo Alliance, a powerful cabal of unlikely allies, are quietly pushing the Kerry campaign to adopt what may be the best, most timely Big Idea to hit a presidential campaign in decades. The Alliance proposes what it calls a New Apollo Project, which would strive for American energy-independence within a decade.
Oil prices edged up on Thursday as Norwegian employers said they would lock out striking workers next week, threatening to shut off almost all oil and gas output from the world’s number three crude exporter.
The biggest news in the world at the moment however is also the most suppressed, and it is actually quite frightening. It’s suppressed because it completely obliterates all the ludicrous reasons we’ve been fed about why we’re in Iraq and Afghanistan, and because once it becomes self-evident the global stock markets will panic and crash.
Norwegian oil workers are going on strike from today, cutting output from the world’s third- largest oil exporter, after two unions failed to reach a pension accord with employers.
After several failed efforts to unseat Venezuela’s popular President Hugo Chavez, the fuel sector of corporate America is getting nervous. Venezuela is growing in prosperity, relying on its own mineral resources and technological patents to build new wealth. Chavez is exactly the kind of indigenous national leader whom American power can’t tolerate.
It is an unfortunate truth about human history that social systems, no matter how unjust, tend to reproduce themselves and that change emerges only from crises.
Much of Nigeria has come to a near-standstill after millions of workers walked out over rising fuel prices.
Hundreds of troops will be deployed to defend vital supermarket depots in the event of fresh fuel protests in the autumn.
A succession of ministers of mining and hydrocarbons in Bolivia have attempted to lead the process of reforming the laws governing the industry, since the country’s president was forced to step down late last year by protests over natural gas policy.
The only certain beneficiaries of this coming economic chaos will be the big five oil corporations and their corrupt partners: the Nigerian generals, Saudi princes, Russian kleptocrats, and their ilk. Crude oil truly will become black gold.
