Planet Watch

Oil prices surge: vindication is tedious

We've been told for the past several years now that the depressed oil prices were permanent, thanks to fracking and the surge in US domestic production. Now prices are rising again, due to a convergence of crises in major producers: escalating tensions among the Gulf states, labor unrest in Nigeria, deepening instability in Venezuela. The US was able to contain the price spike after the ISIS irruption in 2014 by boosting its own production. This trick isn't going to work forever.

The Andes

Bolivia hosts ‘Gas OPEC’ summit —amid dissension

The summit of the Gas Exporting Countries Forum (GECF) opened in the Bolivian city of Santa Cruz—central hub of the country's hydrocarbon-rich eastern lowlands. President Evo Morales took the opportunity to boast of his "nationalization" of Bolivia's hydrocarbon resources. But in addition to pressure from his populist base for greater state control over the hydrocarbons, Morales faces ecologist and indigenist dissidents who reject continued reliance on an extractivist model altogether.

Syria

Syria slides closer to Arab-Kurdish ethnic war

Clashes broke out between Syrian rebel factions and Kurdish fighters in Aleppo province, as Arabs and Kurds are further pitted against each other by Great Power manipulation.

Greater Middle East

Qatar crisis places US regional policing in pickle

Qatar's diplomatic isolation by the other Gulf states, accused of supporting terrorism in the region, heightens contradictions for the Pentagon's use of the critical al-Udeid Air Base.

Planet Watch

A ‘New Oil Order’?

Experts declare a "new oil order" in which hydrocarbons will lose market share to renewables. But is it market conditions or geopolitics that explain the current price slump?

Greater Middle East

Revolution in Syria and Turkey: mutual betrayal?

One of the greatest tragedies on the global stage now is that revolutions are going on in both Syria and Turkey—and they are being pitted against each other in the Great Game.

Iraq

First US air-strikes on ISIS targets in Syria

Warplanes flying from the USS George HW Bush carried out the first US air-strikes against ISIS targets in Syria, with planes from five Arab countries also participating in the raids.

Iraq

ISIS: will US intervention fuel sectarian war?

If Washington is perceived as leading an alliance that includes Iran and Hezbollah, this will augment the propaganda assistance loaned to ISIS with every US missile that falls.

Greater Middle East

Egypt: jihad against feloul?

With Field Marshal al-Sisi consolidating his rule in alliance with Mubarak-era "left-overs," a Qaedist insurgency is rapidly spreading from the Sinai to the rest of Egypt.