Oct 24, 2014
Citibank’s commodity expert, Edward Morse, looking at IEA data, believes the flattening of world consumption and rising oil production could mean WTI oil could drop to $75 per barrel.
Oct 14, 2014
Big barriers appear to be blocking a final Iran nuclear agreement. Many observers believe the November 24 deadline will not be met, and the current extension will be continued until January, 2015.
Sep 30, 2014
The U.S. wants Iran to have no more than 1,500 uranium centrifuges, but Iran demands at least 9,400. The U.S. is softening present demands and Iran would be allowed to keep nearly half of its centrifuges intact but disconnected.
Sep 02, 2014
Many believe civilization-destroying nuclear world war is inevitable. Few disagree that a thermonuclear world war would create a Dark Age and destroy as much as one half of the world’s population. Man has never made a weapon he did not use in war.
Aug 08, 2014
Satellite photos show North Korea may be preparing for test of Iran nuclear device. Israel and Saudi Arabia prepare for attack of Iran nuclear facilities.
Jul 24, 2014
Toynbee declared, “Civilizations die from suicide, not by murder.” Santayana warned, “Those who do not remember the past are condemned to repeat it”. Signs of a dying nation are declining population and invasions not resisted.
Jul 21, 2014
Iran and world powers have agreed to extend Tehran’s nuclear program talks until November 24, after the U.S. midterm elections. The two sides agreed to an interim deal in Geneva on November 23, 2013. The deal was set expired on Sunday, July 20.
Jul 14, 2014
In one year Abu Bakr al-Baghdadi, the leader of ISIS has become the most powerful jihadi leader in the world. After his forces captured Mosul, he has emerged as a figure who is shaping the future of Iraq, Syria and the wider Middle East.
Jul 09, 2014
US oil demand had declined 2 million bpd since 2007, and production has risen by 3 million bpd. The US still imports approximately 10 million of the 18.89 million barrels a day it consumes. US buys imported oil and competes against China and India.
Jun 13, 2014
The seizure of Mosul in Iraq by the Sunni ISIS Islamists has stopped efforts to fix Iraq’s main pipeline for crude exports from Kirkuk to the Mediterranean port of Ceyhan. This leaves Iraq with a single outlet, by tanker via the Persian Gulf.