Posts Tagged 'Oil Prices'

Nafeez Ahmed – Is an Economic Oil Crash Around the Corner?

A report by HSBC shows that contrary to industry mythology, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked and is now in decline, while European government scientists show that the value of energy produced by oil has declined by half within the first 15 years of the 21st century.

The upshot? Welcome to a new age of permanent economic recession driven by ongoing dependence on dirty, expensive, difficult oil—unless we ...

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Michael T. Klare – Debacle at Doha

Sunday, April 17th was the designated moment.  The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. Meeting in Doha, the glittering capital of petroleum-rich Qatar, the oil ministers of the Organization of the Petroleum Exporting Countries (OPEC), along with such key non-OPEC producers as Russia and Mexico, were scheduledto ratify a draft agreement obliging them to freeze their oil output at current levels. In ...

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Global spending on health is expected to increase to $18.28 trillion worldwide by 2040

Global inequities in health spending are expected to persist and intensify over the next 25 years, according to a new study that estimates total health financing in countries around the world.

Published in The Lancet on April 13, 2016 “National spending on health by source for 184 countriesbetween 2013 and 2040” draws from a joint research collaboration between the World Bank Group and the Institute for Health Metrics and Evaluation (IHME) at the University of Washington.

This first-of-its-kind study details total  Continue Reading →

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Emerson Urry – The Department of Defense Is the Third Largest Polluter of US Waterways

Advocacy group Environment America has “crunched the numbers” in an effort to reveal who the largest polluters of American waterways are. The culprits that crack the top-15 list may very well surprise you.

If you ask people on the street who America’s biggest water polluter is, for many, oil Goliaths like Exxon or Chevron might be first to come to mind – but not by a long shot would either of those be the correct answer.

AK Steel Holding Corp took the ...

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Andre Vltchek – Please Do Not Poison My Brain With The US Elections!

am consecutively stuffing my ears with various airline earplugs, in order not to hear the news blasted on the radio.

I am closing my eyes when the topic appears on TV, even on RT or Press TV.

I skip newspaper headlines.

I beg my friends, comrades and relatives not to bring up the subject in front of me.

I don’t want to know anything about the US Presidential elections!

It is not some sort of pose or “rebellion”; it ...

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F. William Engdahl – What’s Really Going on With Oil?

If there is any single price of any commodity that determines the growth or slowdown of our economy, it is the price of crude oil. Too many things don’t calculate today in regard to the dramatic fall in the world oil price. In June 2014 major oil traded at $103 a barrel. With some experience following the geopolitics of oil and oil markets, I smell a big skunk. Let me share some things that for me don’t add up.

On January ...

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Gareth Porter – Iran Changes the Regional Dynamic

The achievement of “implementation day” of the Joint Comprehensive Plan of Action (JCPOA), when for both sides the central elements of the nuclear bargain went into operation on Saturday, means that it is going to be a fact of life in global and regional politics for many years. But will it have a profound impact on regional politics?

That is the argument both the Barack Obama administration and U.S. allies in the Middle East who have opposed ...

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Gareth Porter – Iran Changes the Regional Dynamic

The achievement of “implementation day” of the Joint Comprehensive Plan of Action (JCPOA), when for both sides the central elements of the nuclear bargain went into operation on Saturday, means that it is going to be a fact of life in global and regional politics for many years. But will it have a profound impact on regional politics?

That is the argument both the Barack Obama administration and U.S. allies in the Middle East who have opposed ...

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The ‘Real’ Price Of Oil Is Below $17

“You see a big destruction in the income of the oil and commodity producers,” exclaims on analyst but, as Bloomberg notes, while oil prices flashing across traders’ terminals are at the lowest in a decade, in real terms the collapse is considerably deeper. Adjusted for inflation, WTI is its lowest since 2002 and worse still Saudi Light Crude is trading at below $17 (in 1998 dollar terms) – the lowest since the 1980s

Slumping prices are a critical signal ...

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Michael T. Klare – The Oil Pricequake Political Turmoil in a Time of Low Energy Prices

As 2015 drew to a close, many in the global energy industry were praying that the price of oil would bounce back from the abyss, restoring the petroleum-centric world of the past half-century.  All evidence, however, points to a continuing depression in oil prices in 2016 — one that may, in fact, stretch into the 2020s and beyond.  Given the centrality of oil (and oil revenues) in the global power equation, this is bound to translate into a profound shakeup ...

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