Tag: control of oil

The Andes

Venezuela drops petro-dollar: how meaningful?

Venezuela, under growing pressure from US sanctions, has told oil traders that it is dropping petro-dollars for petro-euros and petro-yuans. Despite the instinct to cheer the decline of US world domination, will this make any real difference—either to Venezuela, still dependent on oil exports in a world of depressed prices, or to Planet Earth, facing biosphere collapse as a result of burning hydrocarbons?

Iraq

Kirkuk at question in Kurdish independence vote

Baghdad and Iraq's Kurdistan Region are at odds over the referendum on Kurdish indpendence to be held this month. A particular sticking point is the inclusion of oil-rich Kirkuk in the vote—not within the Kurdistan Regional Government's formal borders, but under its de facto control since Kurdish forces occupied the city with the collapse of the Iraqi army during the ISIS offensive of June 2014.

Planet Watch

Control of oil at issue in NAFTA re-negotiation

As "NAFTA 2.0" negotiations open, a provision that essentially locks in Canada's current levels of oil exports to the US is drawing opposition from unlikely allies across the Canadian political spectrum but winning staunch support in the country's petroleum industry.

The Andes

Venezuela: is the problem really ‘socialism’?

There is an unseemly tone of gloating to conservative commentary on the crisis in Venezuela, with pundits pointing to the current chaos as evidence that "socialism" doesn't work. But a case can be made that, contrary to conservative and mainstream assumptions, the problem is precisely that the Bolivarian Revolution has been insufficiently revolutionary and socialist.

The Andes

Venezuela: independent left rejects both sides

Venezuela's marginal but growing independent left has staked out a position rejecting Maduro's constitutional reform but also rejecting the right-wing leadership of the opposition. The Chavismo Crítico current held a press conference before the vote, pledging to struggle "for the re-establishment of the validity" of the 1999 constitution, the "rescue of the best of our revolution," and "overcoming the grave errors and deviations of those who pretend to serve as its political leadership."

Planet Watch

Victory for Inuit sea rights in Canadian high court

The Supreme Court of Canada ruled unanimously in favor of the Inuit community of Clyde River, Nunavut, which has for the past three years fought to stop seismic testing in their Arctic waters. The Court found that the Inuit were not properly consulted on the oil exploration project off Baffin Island. The decision nullified a seismic testing permit issued by the National Energy Board.

Europe

Ukraine says Russia behind global cyber-attack

The Security Service of Ukraine stated that the hackers behind the recent global cyber-attack are the same Kremlin-backed outfit that conducted an attack on Ukraine's power grid in December.

Iraq

Iraq: Kurdistan to vote on independence

Authorities in Iraq's autonomous Kurdish region announced that a referendum on independence will be held in September—drawing immediate harsh criticism from Baghdad.

North Africa

Massacre reported in battle for Libyan airbase

Up to 130 soldiers are reported to have been summarily executed after a force loyal to Libya's Tripoli-based government took an airbase controlled by eastern warlord Khalifa Haftar.

North America

Trump lifts restrictions on offshore drilling

President Donald Trump signed an executive order to lift restrictions placed on offshore oil drilling by the previous administration, opening vast areas to exploitation.

North America

Trump-Putin breach: real or charade?

Is Trump's breach with Putin real, or is all the sudden sabre-rattling part of an elaborate charade to throw Congress off the scent of ongoing Trump-Putin collusion?

The Andes

Venezuelan oil goad in US-Russia game

Amid growing crisis in Venezuela, it emerges that the country's state oil company, heavily indebted to Russian giant Rosneft, made a big donation to Trump's inauguration festivities.