U.S. President Barack Obama recently signed a law imposing more sanctions on Iran’s exports to punish Iran over its civilian nuclear uranium enrichment program, which Tehran insists is completely peaceful and allowable under IAEA regulations, but which Washington and Tel Aviv portray as masking a covert attempt to develop nuclear weapons. Under the legislation, restrictions [...]
2010 was a year of recovery, but for some more than others. Oil may have bounced back, but the energy complex as a whole was marked by distinct disparities between commodities and regions. But if there is one consistent factor, it is thatAsiasteals the show. Whether coal, gas, oil or electricity, recession or boom, Asia-Pacific’s [...]
By Bill Savadove China’s solar-power companies are emerging as the industry’s dominant force after the collapse of foreign competitors, but the new market leaders already are struggling with low prices and overcapacity. As the workshop of the world,China has used cheap labour and state support to build a solar industry from scratch in [...]
By Bill Van Auken With their surprise visit to Tripoli Thursday, French President Nicolas Sarkozy and British Prime Minister David Cameron signaled that the scramble by the major powers for control of Libya’s oil wealth is in full swing. The visit was unannounced and conducted under a massive security blanket. It included a brief [...]
Written by John Daly Many investors, battered by more than two and one half years of global recession, have turned from traditional investment havens to “thinking outside the box” and investigating overseas markets. Some of these attracting increasing scrutinies are the so-called “BRICs” –Brazil, Russia, India and China. While all have local peculiarities [...]
By Pepe Escobar The Big Gaddafi has barely left the building, the Bab-al-Aziziyah compound and the Western vultures are already circling overhead the scramble is on to seize the “big prize” Libya’s oil and gas wealth. Libya is as much a pawn in a serious ideological, geopolitical, geo-economic and geostrategic chessboard as a pedestrian [...]
The recent upheaval in North Africa, which resulted in the toppling of two heads of state in Tunisia and Egypt and in the ongoing civil war in Libya, has raised great issues regarding the security of the whole of the Mediterranean region and exposed quite a few sensitive points of the European Union, the most [...]
By Bill Mann These days, Canadians must feel a bit like a guy watching his downstairs neighbours duke it out about how to split up his inheritance. The inheritance is Canada’s huge oil reserves, Americans are the feuding neighbours, and a proposed pipeline expansion from Alberta’s oilfields to Texas refineries and ports [...]
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