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The Arms Industry Will be Pleased
Of recent there have been reams of newsprint devoted to the 10th anniversary of the U.S. invasion of Afghanistan; and its cost, not the least in human lives. Who profits is to be found in the small print. With escalating violence tearing that nation apart...
Dark Clouds over the Global Economy
By Raul de Sagastizabal The downgrade of American bonds along with the problems of the European over-indebtedness increases the fear of a recession or a sharp slowdown in the global economy. Much of the market turmoil responds to the fear of investors,...
South Sudan, Independence and Oil
After half a century of ferocious hostilities between the Khartoum-led North and South of Sudan that resulted in 2 million people fatalities in the South and forced a further 4 million to flee the region, the conflict was finally brought to a close through...
Japan Tanker Explosion near Strait of Hormuz
A Japanese oil tanker was damanged in an explosion Wednesday as it was near the Strait of Hormuz. The explosion left one crew member injured. According to statements from Japan’s Ministry of Transport, the explosion could have been an attack. The...
U.S. The Crossroads of History
America’s superpower status may be tested and found wanting if, urged on by Israel it opts for what it sees as a pre-emptive strike against Iran. The argument that the Persian nation will acquire a nuclear potential if not checked is a red herring;...
US oil-leak into the Gulf of Mexico may be the worst in US history
US scientists and lawmakers have stated that the leak in the seabed well which is spilling oil into the Gulf of Mexico could be the worst oil spill in US history, which would eclipse even the Exxon Valdez incident in Alaska in 1989. They further stated...
Peak Oil Crisis due in 2014
New studies show that peak oil is due in 2014. Kuwaiti scientists have updated oil predictions previously based on the famous Hubbert model, which had correctly predicted in 1956 that U.S. oil reserves would peak within 20 years. The new multicycle Hubbert...
Israel cannot be saved, not even by war – Ahmadinejad
Iranian President Mahmoud Ahmadinejad warned that Israel could not be saved from its downfall, not even by starting a new war. Ahmadinejad annouced the warning at a public event on Thursday held in Hormozagan Province, Iran. The Iranian leader said that...
Oil moves near $80 amidst indications of economic recovery
Crude oil was up near $80 per barrel after home prices in the US Share
