Oil And Gold Geo-politics - By K Gajendra Singh (19/3/15) PDF Print E-mail
K Gajendra Singh   
Thursday, 19 March 2015 07:17

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Since many months the price of oil has plummeted from nearly 120USD per barrel to USD 60 per barrel and even 40. Some suggestions have been made that it may come down to even 20, which I believe is unlikely. However, it may possibly hover between USD 40-USD 60 per barrel. But one never knows. US stimulus money without any backing was being used to prop up the price of oil and other commodities. For the time being, it appears that fracking for oil and gas, a very dubious harmful and very greedy method of producing energy without taking into account long-term ill effects, which is the policy of neo-capitalism, has been given a welcome suspension if not death for the time being. There have been agitations against fracking all over America, even in Canada, England and elsewhere.
 
However, fight for search, production and routes for transport of petroleum or gas would continue to dominate the world strategic balance and disturbances. These were brought about in greater Middle East and North Africa after the catastrophic policies followed by US and dutifully backed by British poodle, while the military-industrial complex and energy sector in the West has gained .But USA and Europe are no longer the power they were before 2003. UK has become a standing joke.
 
It may be recalled that one of the major objectives of the Marshall plan was to make Europe change from use of coal for energy to oil, which had been discovered in Middle East, which were under the tutelage of London and Washington. Thus Europe became indebted to USA and UK because of  diversion from coal for energy and industry. In the process research into clean use of coal was probably retarded.
 



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Big Oil’s Broken Business Model The Real Story Behind The Oil Price Collapse - By Michael T. Klare (19/3/15) PDF Print E-mail
Michael T. Klare   
Thursday, 19 March 2015 07:15

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Financial Kamikazes At Work - Why The End Is Kind Of Nigh - By Bill Bonner (18/3/15) PDF Print E-mail
Bill Bonner   
Wednesday, 18 March 2015 07:12

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Sell ‘em All! Central Banks And The Socialist Calculation Problem - By Pater Tenebrarum (18/3/15) PDF Print E-mail
Pater Tenebrarum   
Wednesday, 18 March 2015 07:11

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Will The GOP Kick It Away? - By Patrick J. Buchanan (18/3/15) PDF Print E-mail
Patrick J. Buchanan   
Wednesday, 18 March 2015 07:10

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