Long-depressed oil prices are suddenly soaring in response to the Russian invasion of Ukraine, with impacts already being felt globally. Exports from Kazakhstan and the Caspian Basin are virtually paralyzed, as the Black Sea pipeline terminal delivering the crude to Western markets is incurring a prohibitive “war risk insurance premium.” Berlin has suspended the Nord Stream 2 pipeline, which is to carry Russian gas under the Baltic Sea to Germany—and Russia has retaliated by threatening to cut gas supplies to Europe via the Nord Stream 1 line. In his executive order barring Russian oil and gas imports to the US, President Biden issued a warning to the oil companies, urging that the war should not serve as an excuse for price-gouging. But it is actually the oil futures market that plays a determinant role in fixing the international price. There’s a big psychological element involved, which is why every escalation in the Middle East (without fail) jacks up oil prices. A war in Europe will almost certainly mean another oil shock, with grim implications for the world economy and Biden’s political chances. (Photo of Kazakh oil-field via Wikimedia Commons)
Ousted Burmese lawmakers and opponents of the military junta hitherto constituting the Committee Representing Pyidaungsu Hluttaw (CRPH, a reference to the lower house of the suspended parliament) officially announced the formation of a National Unity Government. The president of this parallel civilian authority is U Win Myint, the ousted former president. Similarly, its state counselor is Aung San Suu Kyi, who was serving in that capacity before the February coup d’etat. Both U Win Myint and Suu Kyi are being held in detention by the junta, and the first demand of the NUG is for their freedom. Protests against the junta continue, with the death toll in repression since the coup d’etat now thought to be over 700. In some areas, civilians have started to form armed self-defense patrols. (Photo: Myanmar Now)
Burma’s military announced that it has taken control of the country and imposed a state of emergency. The country’s civilian leader Aung San Suu Kyi was detained in an early morning raid along with President U Win Myint and other figures associated with the ruling National League for Democracy (NLD). Although the internet was cut off by the military, Suu Kyi managed to get out a statement to social media calling on Burma’s people to “protest against the coup.” The military, officially known as the Tatmadaw, said the state of emergency will last for a year, during which time armed forces chief Gen. Min Aung Hlaing will rule. The Tatmadaw is justifying the move by asserting that there was voter fraud in the November parliamentary elections, in which the military-linked Union Solidarity Development Party (USDP) suffered a crushing defeat to the NLD. No official election observers had made any claims of fraud. (Photo: The Irrawaddy)
Popular vlogger and comedian Katie Halper, whose journalistic take-downs of the Democratic Party establishment have been deftly exploited by the Kremlin propaganda machine, wears the accusation that she is a “useful idiot” for Russia as a badge of pride—”Useful Idiots” is actually the sarcastic name of the podcast she co-hosts with the equally problematic Matt Taibbi. We’ve always wondered if such figures really are useful idiots, or something more sinister—knowing propagandists for Vladimir Putin’s reactionary global ambitions. The debate has suddenly exploded onto the left-wing vlogosphere. (Photo: Wikipedia)
Playing to anti-war sentiment just in time for the election, the Trump administration announces a draw-down of thousands of troops from Iraq and Afghanistan. This comes as Chevron has quietly signed an agreement with Iraq for the development of the massive Nassiriya oil-field. Chevron has also announced a new initiative with Kazakhstan, with an eye toward oil exports through a trans-Afghan pipeline. We’ve been hearing talk of a US “withdrawal” from Iraq and Afghanistan for years—but military advisors and contractors have always remained, and ground troops have always been sent back in again as soon as things start to get out of hand. And as long as oil money follows the military, that will always be the case. Don’t be fooled. (Photo: Army Amber via Pixaby)
Six Portuguese young people have filed a legal complaint at the European Court of Human Rights (ECHR) in Strasbourg, France, accusing 33 countries of violating their right to a secure future by failing to take action to mitigate the climate crisis. The youths aged 12 through 21, represented by the Global Legal Action Network (GLAN), are targetting countries whose policies on carbon emission reduction they say are too weak to meet the 1.5 degrees Celsius goal of the Paris Agreement, citing the country ratings of the Climate Action Tracker. Named in the suit are the 27 European Union member states, as well as the United Kingdom, Switzerland, Norway, Russia, Turkey and Ukraine. A similar legal action has been launched by a group of youth in Australia, seeking an injunction to stop approval of a license extension at Whitehaven Coal‘s Vickery mine in New South Wales, arguing that it would threaten the futures of young people all over the world by exacerbating climate change. (Photo: GLAN)
The US Court of Appeals for the Ninth Circuit reversed a federal judge’s dismissal of a climate change lawsuit against oil companies including ExxonMobil, BP and Chevron by the cities of San Francisco and Oakland, setting the stage for the case to be heard in a more favorable California state court. The two cities are seeking billions of dollars from the companies in a special “abatement fund,” alleging their practices knowingly led to problems the cities must now contend with, including rising seas and extreme weather. The case was dismissed by a district judge, who held that the courts lacked jurisdiction in the matter. The Ninth Circuit remanded the case back to the district judge, ordering him to give further consideration to whether his court has jurisdiction. If he again finds his court lacks jurisdiction, the case must go before state court. (Photo: World Population Review)
The Constitutional Court of Ecuador issued a long-awaited ruling in favor of those affected by the transnational oil company Chevron, which operated through its subsidiary Texaco in Ecuador between 1964 and 1990. Chevron will now have to pay $9.5 billion for the repair and remediation of social and environmental damage that, according to audits and expert reports, were a result of oil company operations in the Amazonian provinces of Sucumbíos and Orellana. The court found that Chevron deliberately dumped billions of gallons of toxic oil waste on indigenous lands in the Amazon rainforest. (Photo via Mongabay)
As a part of the Republican tax overhaul bill, Congress voted to open Alaska's Arctic National Wildlife Refuge (ANWR) to oil and natural gas drilling, after more than four decades of contestation on the matter. Drilling is still years away at best, due to depressed oil prices, a lengthy review process, and likely legal challenges. But oil companies are already arguing over who will have rights to the reserve—while Native Alaskan communities that depend on its critical caribou habitat see impending cultural extermination. (Photo: FWS)
In a setback to Chevron's effort to evade a $9.5 billion liability owed to rainforest communities, Canada's Assembly of First Nations (AFN) and Ecuadoran indigenous leaders signed a protocol to hold the corporation accountable for dumping billions of gallons of toxic oil waste and for ongoing violations of indigenous rights. The agreement was signed by AFN National Chief Perry Bellegarde and Jamie Vargas, president of Ecuador's indigenous federation, CONAIE.
San Francisco filed a lawsuit against five fossil fuel companies due to expected expenses the city will incur from global warming. The companies named in the suit are BP, Chevron, ConocoPhillips, ExxonMobil and Royal Dutch Shell—chosen because they are "the largest investor-owned fossil fuel corporations in the world as measured by their historic production of fossil fuels."
The US Court of Appeals for the Second Circuit affirmed a lower court ruling that barred Ecuadoran plaintiffs from collecting a $8.646 billion judgment against Chevron Corp.