According to data from the Joint Organization Data Initiative, Saudi Arabia has surpassed Russia as the world’s largest oil producer, a position which the latter country held for six years. The Middle Eastern kingdom’s oil production rose to a 31-year high last year, while Russia’s dropped. As Matthew Hulbert writes in his analysis for Forbes, […]
In a recent discussion on Argentina’s expropriation of YPF there was much commentary on how the Falklands issue was still one of great importance. Seeing Argentina as independent and able to move ahead, despite having poor relations with the Europeans, created a healthy debate on the issue. As the moderator of the posts I create, […]
Lloyd’s of London, the British insurance company, and Chatham House, a London-based think tank, have released a report together entitled, “Arctic Opening: Opportunity and Risk in the High North.” The report states that four key industries will be the “biggest drivers and beneficiaries of Arctic economic development.” They are: mineral resources (oil, gas, and mining), […]
Investors often fear one outcome to their investments beyond any natural disasters or recessions, one that has characterised possible nightmare results of investing in Emerging Markets, that of a nationally supported expropriation. Latin America as a whole has often fought and suffered as a result of state expropriations of American and European companies over the […]
Hollywood on the Potomac–movie actors deserting Tinseltown to remind the Big Dogs back east that every time an A-list celeb is arrested for picketing a foreign embassy an angel gets his wings.
Actor George Clooney, his father Nick, and four Congressional Democrats were among more than a dozen protesters who descended on the Sudanese Embassy on March 16 for the purpose of crossing, in a disorderly fashion, a police line.
The cast of characters? Along with Clooneys I and II, it included Reps. James Moran (D-VA), Jim McGovern (D-MA), John Olver (D-MA) and Al Green (D-TX). NAACP President Ben Jealous was also arrested, along with Martin Luther King III.
Clooney’s mid-day performance on Mass Ave was the finale to a 3-day tour in DC that included an impassioned plea to a standing-room-only crowd at the Council on Foreign Relations, and dramatic testimony delivered to the Senate Foreign Relations Committee about the miserable state of affairs in the border region of Sudan.
Omar al-Bashir’s military, operating out of Khartoum, is working assiduously to wipe out mostly Christian populations hunkered down on some highly contested, oil-rich real estate to the south.
Clooney, who has frequently taken on the role of the world-weary activist in his films, accuses Sudanese President Omar al-Bashir and the ‘same criminals responsible for Darfur’ of conducting a genocidal war against his own people, of starving, maiming, raping, and murdering them.
And he says it as if no one has ever heard it before. . .
Wide speculations about the possibility of military confrontation with Iran and Israel’s military intentions seem to be the order of the day. The debate on Iran has now found its way from mainstream media to leading academic institutions. Earlier this week at the University of Toronto a panel of experts discussed the increasing tensions between […]
The International Energy Agency has reduced its forecast for growth in oil demand in 2012 to 1.1 million barrels per day from 1.3 million bpd. The lower demand will stem from the weak economic conditions in the OECD nations, off-set in part by continued heavy demand from Asian consumers. As a result, global demand for […]
Any suspicions that the US went into Afghanistan to secure access to resources went out the window last week. On Wednesday, Tom A. Peter over at the Christian Science Monitor reported, “China’s National Petroleum Corporation became the first foreign company to tap into Afghanistan’s oil and gas reserves. Chinese officials have estimated that the deal could […]
With the arrival of December, it’s time to check the rear-view mirror to see where we have been in order to have some clue as to where we are going. In the energy realm, 2011 was the Year of the Three Fs: Fukushima, Fracking and Finance. Japan is used to earthquakes, and the odd tsunami […]
I recently came across two worthwhile pieces on Persian Gulf states punching above their weight. The first is a New York Times analysis of Qatar, the lil’ oil rich country that could: Qatar is smaller than Connecticut, and its native population, at 225,000, wouldn’t fill Cairo’s bigger neighborhoods. But for a country that inspires equal […]
The Keystone XL Pipeline extension proposed by TransCanada is current in planning limbo after the November 10 decision by the Obama administration not to make a decision on going ahead with or killing it. If and when built, it would bring crude from Alberta, Canada’s oils sands to the Gulf Coast of the US. The […]
The International Energy Agency’s chief economist, Fatih Birol, stated yesterday that the oil industry needs about $38 trillion in investment to meet global demand for energy through 2035. He was speaking at a two-day ministers’ meeting foreshadowing the contents of the World Energy Outlook, due out November 9. Breaking the figure down, $10.0 trillion is […]
Oil giant Exxon Mobil has secured a contract with Russia’s state oil company, Rosneft, to explore the floor of the Arctic Ocean for oil. At a surprise signing ceremony in Sochi, site of the coming Winter Olympics, Vladimir Putin stated, “The scale of the investment is very large. It’s scary to utter such huge figures.” […]
OPEC’s meeting in Vienna a couple days ago ended without the cartel agreeing on a production level. This hasn’t happened in years (if memory serves, the last time was during the Iran-Iraq War), and it has left many questioning the organization’s future. After 5 hours of talks, the Saudi Arabian Oil Minister Ali al-Naimi said, […]
Last week, Alberta’s Energy Minister Ron Liepert was in the US to promote his province’s energy sector. During breakfast at the Penn Club in Manhattan organized by the Canadian Consulate-General, he discussed a wide array of energy-related subjects. The message he had for US foreign policy was simply that Alberta (and by extension Canada as […]