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Greek Pitch for Second Bailout Bombs
by Sun TzuFrom Reuters: Reuters image Greek political leaders said they had clinched a deal on economic reforms needed to secure a second EU bailout, but euro zone finance ministers demanded more steps and a parliamentary seal of approval before providing the aid. The EU and the International Monetary Fund are exasperated...
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Energy
Beijing Sets Its Sights On The ‘Next Persian Gulf’
Why is China doubling down on the South China Sea? China’s rapid rise as a naval power has many people wondering: what is behind their movement to develop aircraft carriers, submarines, and military aircraft capable of projecting power? Do they just want to be the bully on the block?
The simple fact is that there is clear [...]
Iran’s Growing Energy Links With Pakistan and Iraq
The Yadavaran oilfield
Iran continues its efforts to develop strategic ties with its neighbors, including both Iraq and Pakistan. Iran is dramatically increasing its joint crude oil production with Iraq. They have actually accelerated production in the Yadavaran oilfield in Iraq, which is estimated to hold perhaps 12 billion barrels of crude oil. At the [...]
Japan to Cap Nuclear Reactor Operation at 40 Years Per Facility
TOKYO (AP) – Japan’s Cabinet approved bills Tuesday aimed at bolstering nuclear safety regulations following last year’s Fukushima disaster, including one that would put a 40-year cap on the operational life of nuclear reactors.
The approval came as a team of International Atomic Energy Agency experts generally endorsed “stress test” results at two idled reactors [...]
India Refuses to Participate in Iran Sanctions
MUMBAI, India (AP) – India has joined China in saying it will not cut back on oil imports from Iran, despite stiff new U.S. and European sanctions designed to pressure Tehran over its nuclear program.
“It is not possible for India to take any decision to reduce the import from Iran drastically because, after all, the [...]
Mitt Romney’s Cutting-Edge Middle East Strategy
As the US electoral process grinds on and Republican primary debates fold into state primaries and caucuses, candidates’ views on national security and foreign policy are being carefully scrutinized by voters who consider them crucial components of the total policy package a candidate will carry into the Oval Office. Citizens’ attention is understandably riveted to [...]
Obama Kills Keystone XL Pipeline, Pleases Radicals, Imperils America’s Energy Security, and Harms Economic Growth
In ruling against the Keystone XL today, President Barack Obama has finally cast his lot with the environmentalists who fund his campaign over the blue-collar workers who need jobs in crucial swing states. He has made America more reliant on OPEC oil rather than Canadian sources and hurt the relationship with our neighbor to the [...]
China Buying Up Canadian Energy Riches
A lot of the oil that is supposed to be coming from Canada’s oilsands is ending up under the control of China. The Sino strategy has been to do it slowly, under the radar. But it’s become such a huge presence it can no longer be ignored. From Canada’s National Post:
The $5.5-billion Enbridge pipeline [...]
Able and Willing: Iran And The Strait Of Hormuz
A war of words continues over Iran’s military exercises and public statements regarding its ability and willingness to block the Strait of Hormuz, a crucial waterway in the Persian Gulf through which 40 percent of the world’s oil flows.
U.S. officials have vocally opposed the maneuvers and have warned Iran against any attempt to prevent free [...]
Obama Administration Propaganda Lies About Domestic Energy Production
WASHINGTON D.C. — The interior department announced Tuesday that oil and gas lease sales on public lands increased 20 percent in 2011, generating more than $250 million in profits for taxpayers. The fact, however, is that oil production on federal lands, lease sales, and revenue have drastically declined during the Obama administration.
“The American people need [...]
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