Bush, Oil & Iraq: Some Truth at Last
Here we have former US Treasury Secretary Paul O’Neill disclosing that George Bush came into office planning to overthrow Saddam Hussein, and MSNBC polls its audience with the question, Did O’Neill Betray Bush?
Here we have former US Treasury Secretary Paul O’Neill disclosing that George Bush came into office planning to overthrow Saddam Hussein, and MSNBC polls its audience with the question, Did O’Neill Betray Bush?
The gap between the promise of petroleum wealth and the perversity of its performance is enormous. Study after study demonstrates that, as a group, countries dependent on oil as their leading export have performed worse than other developing countries on a variety of economic indicators.
PetroPolitics Special Report: More than any other commodity, oil is the lifeblood of modern economies and the engine of military machines.
While Chinese Premier Wen Jiabao and President Bush discussed Taiwan, currency rates and North Korea on December 9, a more important and far-reaching development in U.S.-China relations was going on far from the White House.
Despite the apparent swift U.S. military success in Iraq, the U.S. dollar has yet to benefit as safe haven currency. This is an unexpected development, as many currency traders had expected the dollar to strengthen on the news of a U.S. win.
Caspian Sea region oil “riches” exposed as a convenient myth manufactured by various United States agencies, governments of some of the newly independent Soviet states of the Caspian Region, and Western oil companies.
The realization that modern industrial society is approaching the peak in available net energy to fuel the economy is a powerful shock to one’s entire belief system.