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Tag Archives: Oil

Nick Cunningham — The Threat That Will Send Oil Down To $10

Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is facing an existential and likely mortal threat from renewable energy and EVs.... Oilprice.comThe Threat That Will Send Oil Down To $10 Nick Cunningham

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Michael Hudson — Global Warming and U.S. National Security Diplomacy

Control of oil has long been a key aim of U.S. foreign policy. The Paris climate agreements and any other Green programs to reduce the pace of global warming are viewed as threatening the aim of dominating world energy markets by keeping economies dependent on oil under U.S. control. Also blocking U.S. willingness to help stem global warming is the oil industry’s economic and hence political power. Its product is not only energy but also global warming, along with plastic pollution.......

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Tim Young — Blockading Venezuela: The Linchpin of the US Strategy of Aggression

Sanctions now form a key part of what is a strategic plan by the US to ruin the Venezuelan economy, says Tim Young.… It's not socialism that is sinking Venezuela but capitalism — neoliberalism, that is, whose corollaries are neo-imperialism and neocolonialism. Tim Young recounts now capitalist America is mounting an illegal hybrid war against socialist Venezuela, pure and simple, not only based on political ideology but mostly for, you guessed it, for capturing the oil.You see, Maduro is...

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Decameron — Who’s on the Iran Action Group? More About Neo-Cons’ March through the Institutions

Like most neo-con thinkers, Hook advocates crushing, crippling sanctions that supposedly will suffocate the population to the point that there will be an uprising that overthrows the regime. It's a form of collective punishment--a neo-con pipe dream that destroys nations and people. Hook's mission on Iran is described as coming from Pompeo at the State Dept, but well-placed sources say it's a National Security Council operation, and Bolton's brainchild.... Sic Semper Tyrannis Who's on the...

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Oil and Gas links

Oil PriceRussia Just Won Big In The European Gas War Tim Daiss also U.S. Oil Exports Eat Into OPEC Market Share In Asia Tsvetana Paraskova also ‘’Biggest Ever Change’’ In Oil Markets Could Send Prices Higher Tsvetana Paraskova alsoIndia Will Buy Iranian Crude Despite U.S. Sanctions Irina SlavSee alsoSputnik InternationalRussia, China Moving Forward to Form Strategic Energy Alliance

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Cyril Widdershoven — How The World’s Oil Powers Will Seize The Iran Deal

Analysis of the implications of oil sanctions, including war.Oil PriceHow The World’s Oil Powers Will Seize The Iran Deal Cyril WiddershovenAlso at Oil Price Untangling Russia’s economy from the U.S. dollar dependence is one of Putin’s goals, local outlet Sputnik reports. “We used to behave naïvely, but now we see that the WTO [the World Trade organization] rules are all too often broken, the restrictions are imposed for political reasons, which they call sanctions. Plus more and more of...

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Sputnik — US Sanctions on Iran Puts India in Catch-22 Situation

US sanctions on Iran are poised to drastically cut the profit margins of Indian oil companies that have already committed huge future imports. Moreover, India cannot afford to turn its back on its engagements with Iran, considering the recent headway made by China in enhancing ties with the oil-rich country, according to analysts. Sputnik InternationalUS Sanctions on Iran Puts India in Catch-22 Situation

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