Insight and inspiration in turbulent times.
What is needed now is for peace and human rights activists in the West to organise an intensive dialogue with peace activists across Russia in order to develop a common transnational strategy.
One doesn’t hear much discussion of these foreign policy issues in Russia. What one hears discussed instead is how best to handle the acute budgetary shortfall that the Russian state is facing.
The effect of the sanctions will be to speed the Russian decline, forcing up world oil prices as soon as US tight oil maxes out and goes into its inevitable nosedive.
•US and EU Lose Major Energy Battle in Ukraine •Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves •Ukrainian ‘seizes Avdiivka’ in rebel Donetsk stronghold •Ukrainian prime minister Arseny Yatseniuk resigns •Ukraine votes to keep Western companies out of gas industry •US intelligence officials just gave a very unsatisfying briefing on MH17
A midweek update. New York crude futures have traded in a narrow range between $102-$103 per barrel this week as the markets reacted to changing headlines
A mid-week update. Oil prices fell this week on continuing weak demand in the US and the possibility that Libya will soon resume oil exports.
Of all the preposterous, irresponsible headlines that have appeared on the front page of the New York Times in recent years, few have exceeded the inanity of this one from early March: “U.S. Hopes Boom in Natural Gas Can Curb Putin.”
A mid-week update. New York oil futures climbed back to a close Wednesday just above $100 a barrel this week while London oil has held around $107.
