Earlier this year, we asked if oil would reach $200 per barrel by year’s end. Short of a sudden and dramatic crisis in the Middle East, that now seems impossible. The rising prices themselves put some long-overdue breaks on consumptionāand… Read morePeak oil apocalyptoids eating crow yet?
Our October issue featured the story “Behind the Econocataclysm: Globalization, Oil Shock and the Iraq War” by Vilosh Vinograd, citing George Soros, Joseph Stiglitz and Walden Bello to argue that the financial crisis was sparked by George Bush’s imperialist aggression… Read moreOur readers write: Is it 1929 yet?
Even now that the economy is hitting the skids bigtime and the price of oil is back down below $100 ($66 per barrel on Oct. 30 according to CNNMoney)āprompting OPEC at its Vienna meeting to decide to cut production, after… Read moreExxon reaps record profits; McCain reaps two-faced propaganda
The US has plundered global wealth by exploiting the dollar’s dominance, and the world urgently needs other currencies to take its place, a front-page commentary in the overseas edition of the Chinese Communist Party’s People’s Daily said Oct. 24. “The… Read moreChina People’s Daily: dollar dominance plunders planet
More than 900 million people in developing countries face starvation as food prices soar, a new report from Oxfam finds. Spiraling inflation in the cost of basic foods, such as rice and cereals, have pushed an extra 119 million people… Read moreOxfam: 900 million face starvation worldwide
Oil prices posted the biggest one-day dollar gain ever Monday Sept. 22 as the dollar fell in response to Washington’s $700 billion Wall Street bailout plan. October oil contracts surged in afternoon trading, reaching $130āa more than $25 gain. It… Read moreOil soars as dollar plunges
The price of crude oil dropped below $100 per barrel for the first time in six months Sept. 15, closing at $95.71 on the New York Mercantile Exchange. With Lehman Bros. heading into bankruptcy and Merrill Lynch agreeing to a… Read moreOil prices fall āgasoline prices jump
Our August issue featured the story “Hokkaido: The Anti-Climate Summit” by Walden Bello of Foreign Policy in Focus, arguing that the G8 nations derailed meaningful efforts to address global climate change at the July summit in Japan. Bello protests that… Read moreClimate change and economic growth: our readers write
Brazil’s President Luiz Inacio “Lula” da Silva said Aug. 4 he hopes an agreement may still emerge from the Doha round of World Trade Organization negotiations. “I don’t believe the round has failed. We still have enormous possibilities to negotiate,”… Read moreLula: give Doha a chance
Seattle Post-Intelligencer blogger Monica Guzman writes that local voices are calling for the Seattle Critical Mass to be banned following a violent incident at the last ride. For a study in contrasts, let’s compare corporate and alternative media accounts of… Read moreSeattle: curtains for Critical Mass after cyclists bash back?
There’s a lesson here. But how many people are going to get it? From AP, July 23: COLUMBUS, Ohio – Rising prices at the gas pump appear to be having at least one positive effect: Traffic deaths around the country… Read moreTraffic fatalities down āthanks to oil shock!
The US Interior Department July 16 opened 2.6 million acres of potentially oil-rich territory in northern Alaska to exploration, but deferred for ten years a decision on opening 600,000 acres north of Teshekpuk Lake that is the summer home of… Read moreInterior Department opens Alaska North Slope to oil biz; enviros applaud
