New Eastern Outlook by F. William Engdahl Rex Tillerson, former CEO of the ExxonMobil oil colossus is not designated Secretary of State because of his diplomatic experience. He is there because clearly the Trump Project of those Patriarchs behind Trump–ones such as Warren Buffett, David Rockefeller, Henry Kissinger and others–want a person from Big…
Strategic Culture by ERIC ZUESSE Turkey’s Anadolu News Agency, though government-run, is providing remarkably clear and reliable diagrammatic descriptions of the current status of the U.S – and – fundamentalist – Sunni, versus Russia – and – Shia – and – NON – fundamentalist – Sunni, sides, in the current oil-and-gas war in the Middle East, for…
New Eastern Outlook by Martin Berger A recent string of earthquakes in the US exacerbated the discussion about the direct connection between the so-called shale revolution and mounting seismic activity observed in recent years. For example, the Environmental Protection Agency (EPA) and the US Geological Survey (USGS) have confirmed the fears of American environmentalists…
Rig Source by Savannah Adkins The term “economies of scale” might as well have been invented for the oil and gas industries. Think about how much it would cost to start a new company with the vision of prospecting and drilling for oil, refining it, and selling it as gasoline. It would cost you…
The Economic Collapse Blog by Michael Snyder Not all jobs are created equal. There is a world of difference between a $100,000 a year energy industry job and a $10 an hour job running a cash register at Wal-Mart. You can comfortably support a middle class family on $100,000 a year, but there is…
The Economic Collapse Blog by Michael Snyder This wasn’t supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry. Instead, the price of oil is crashing again, and…
The Great Recession Blog by David Haggith Oil today plunged quickly below $40 per barrel, taking oil prices down more than 20% from their high a little over a month ago. That officially defines a bear market in oil. As of today, oil has also moved below its 50-day, 100-day and 200-day moving averages. July has again turned out…
