Tag Archives: Middle East

RUSSIA-UKRAINE WAR: Why Do Some Countries Stand with Russia? | The Agenda – By TV Ontario

RUSSIA-UKRAINE WAR: Why Do Some Countries Stand with Russia? | The Agenda – By TV Ontario

Why do so many countries, including India, China, and parts of the Middle East still stand with Russia, even as that country pursues a war that is displacing millions and killing thousands? Guests: Rajan Menon (Defense Priorities), Maria Repnikova (Georgia State University), Sumit Ganguly (Indiana University), and Bessma Momani (University of Waterloo).

The Roil in Oil – commentary

The Roil in Oil – commentary

Oil rigs

Oil rigs

OCTOBER 12, 2014 | BY |  EDITORIAL

Most Guyanese have been transfixed by the protests in the Middle East and North Africa (MENA) that have already toppled two dictators and are threatening several others. But the sudden jump in our gas prices should have alerted us to another dimension in the crisis that has affected every other country in the world: the future of oil.

Whatever the outcome of the protests, uprisings and rebellions now sweeping the region, one thing is guaranteed: the world of oil will be permanently transformed. And oil, we should know by now, is what makes the world go around.
While coal literally fuelled the 19th century industrial revolution – powering factories, railroads and steamships – it was cheap oil that made the modern, globalised world possible from the turn of the 20th century. Continue reading

Our New ‘Tough Oil’ World – The Truth About Gas Prices

Our New ‘Tough Oil’ World

Michael T. Klare, Op-Ed: “Oil prices are now higher than they have ever been—except for a few frenzied moments before the global economic meltdown of 2008. Many immediate factors are contributing to this surge, including Iran’s threats to block oil shipping in the Persian Gulf, fears of a new Middle Eastern war and turmoil in energy-rich Nigeria. Some of these pressures could ease in the months ahead, providing temporary relief at the gas pump. But the principal cause of higher prices—a fundamental shift in the structure of the oil industry—cannot be reversed, and so oil prices are destined to remain high for a long time to come.”

The Truth About Gas Prices

Bill Scher, Op-Ed: Conservatives are betting that a President Obama can’t succeed in talking straight about gas prices the way Candidate Obama did. First, they are exaggerating the price spike itself, saying that under Obama’s presidency, prices have jumped from $1.83 to $3.70 per gallon. That is technically true, but remember, in the summer of 2008 gas was over $4 a gallon. Prices briefly plummeted below $2 per gallon right before Obama’s inauguration because there was this little cataclysmic global economic meltdown that shattered consumer demand.

— Post #1198

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