Over the weekend OPEC members decided not to cut oil production levels. Instead, they chose to focus on doing what cartels are supposed to do: join together to regulate output. OPEC announced yesterday that member states would restrict oil production to their allotted amounts “to contribute to market stability” as members have yet to completely […]
The SCO (Shanghai Cooperation Organization) has grown in prominence during the past several years as a regional counterweight to NATO. Comprised of China, Russia, and 4 of the “Stans” (Kazakhstan, Kyrgyzstan, Uzbekistan, and Tajikistan), the SCO was formed in 1996 with the signing of the Treaty on Deepening Military Trust in Border Regions. The organization […]
On Tuesday, Russian and Chinese leaders signed a massive $25 billion energy deal. The agreement sees Russia providing energy-hungry China with secure oil supplies (300,000 barrels per day) for the next 20 years. In return, China will provide Russia with advantageous loans with $15 billion to Rosneft (the state-owned oil company) and $10 billion to […]
Last week, I spoke in front of the San Diego World Affairs Council North Chapter (an affiliate of FPA) about the rising objectives and capabilities of the Shanghai Cooperation Organization. Here is my presentation in slides (go to the bottom of the page). I though some you might be interested in some of the articles […]
The Obama Administration has scuttled plans for radar and ballistic missile interceptor sites in the Czezch Republic and Poland, respectively. This is a most welcome change in policy and will go ways to repairing America’s relationship with Russia. But what does it mean for the Czech Republic and Poland? It is only twenty years ago […]