The plunge of global oil prices began in June 2014, when benchmark Brent crude was selling at $114 per barrel. It hit bottom at $46 this January, a near-collapse widely viewed as a major but temporary calamity for the energy industry. Such low prices were expected to force many high-cost operators, especially American shale oil producers, out of the market, while stoking …
Tara Lohan – Fossil fuels have become an economic liability—for both consumers and energy companies.
Deborah Lawrence had been watching a once-empty parking lot near Midland-Odessa, Texas, fill up with idled drilling rigs usually at work plumbing for oil in the nearby Permian Basin. In January she noticed 10 rigs, then 17 a few weeks later. As winter turned to spring, the number climbed to 35. That trend has continued across the country. By the …
Anthony Bellchambers – Powerful US Lobbyists Acting for a Foreign Power, the State of Israel
If I had been a survivor from the Nazi Holocaust in Europe in 1945, I would have supported the proposition of Israel becoming a nuclear power so that the world would know that the mass ethnic murder of millions could never happen again. The vast majority of today’s five million American Jews, however, are not Holocaust survivors and have no …
Glenn Greenwald – To Defend Iran Deal, Obama Boasts That He’s Bombed Seven Countries
President Obama yesterday spoke in defense of the Iran Deal at American University, launching an unusually blunt and aggressive attack on deal opponents. Obama’s blistering criticisms aimed at the Israeli government and its neocon supporters were accurate and unflinching, including the obvious fact that what they really crave is regime change and war. About opposition to the deal from the Israeli government, he said: “it …
Mike Whitney – The Brookings Institute Plan to Liquidate Syria
Here’s your US foreign policy puzzler for the day: When is regime change not regime change? When the regime stays in power but loses its ability to rule. This is the current objective of US policy in Syria, to undermine Syrian President Bashar al Assad’s ability to govern the country without physically removing him from office. The idea is simple: …
Michael Snyder – The Economic And Financial Problems In Europe Are Only Just Beginning…
Right now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe. Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is the biggest on the …
Lawrence Davidson – America’s Mindless Clamor
Many of you must have experienced something like this: you and a companion go into a restaurant and, over a good meal, would like to carry on a fruitful conversation – perhaps on the virtues of the agreement that President Barack Obama and his international partners have finally reached with Iran. However, you quickly realize that such a conversation is …
Mahdi Darius Nazemroaya – The ISIL is in Ukraine: America’s “Agents of Chaos” Unleashed in Eurasia
Is the so-called Islamic State in Iraq and Syria (ISIS)/Islamic State in Iraq and the Levant (ISIL) / Islamic State (IS) / Al-Dawlah Al-Islamiyah fe Al-Iraq wa Al-Sham (DAISH/DAESH) active in post-EuroMaidan Ukraine? The answer is not exact. In other words, the answer is both yes and no. Then again, what is the ISIS/ISIL/IS/DAISH/DAESH? It is a loosely knit band …
Pepe Escobar – “Bomb Iran” plan simply won’t go away
Even before the upcoming August recess on Capitol Hill, the dogs of war, unleashed by remote control from Tel Aviv, predictably are trying to tear the Iran-P5+1 nuclear deal to shreds from all sides. It does not matter that the National Iranian American Council – which happens to be widely respected in Washington itself – has forcefully come out in defense …
Ask Beatty – 07.27.15
When is medicine absolutely necessary when treating psychiatric disorders? What do the officer who arrested Sandra Bland for not signaling and Bill Cosby have in common? What legal penalties should they be required to pay? Listen to Beatty’s analysis of these issues and more! Download this episode (right click and save)