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$12.99
By Jennifer Baumgardner
$18
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irrezolut (CC BY-SA 2.0)
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By Greg Muttitt, TomDispatch —
Big Oil has replaced U.S. troops in Iraq, and the country’s oil output, crippled for decades, is growing again, with Iraq recently reclaiming the number two position in the Organization of the Petroleum Exporting Countries. Now there’s talk of a new world petroleum glut. So is this finally mission accomplished?
This piece originally appeared at TomDispatch.
Posted on Aug 23, 2012
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gfpeck (CC BY-ND 2.0)
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With 18 million Americans unemployed, thousands from across the country are flocking to North Dakota amid an oil boom there. The state now produces more oil than many members of OPEC and could soon make America the world’s top oil producer.
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Israel’s Zionism turned capitalism is getting out of hand; Postmodernism is dead, leaving many to question what it was in the first place; meanwhile, the Americas are projected to replace the Middle East as the energy capital of the world. These discoveries and more after the jump.
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American Solutions
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It seems everyone’s got a pet theory about why the price of oil has jumped roughly 30 percent since the start of the year. Right- wingers blame a conspiracy hatched by President Barack Obama to strangle domestic oil production and push his “radical” green agenda on an unsuspecting America ... (more)
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instablogsimages.com
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The price of oil is bad now, but it could get much worse, according to OPEC Secretary-General Abdalla Salem el-Badri, if Iran became embroiled in a military conflict with the U.S. or Israel. If a war occurs, Badri says, there’s no telling how high oil prices might climb.
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news.bbc.co.uk
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The price of a barrel of crude oil has doubled over the last year, reaching a record $135 on Thursday. With dwindling supplies and a weak dollar, analysts expect the price to go up for some time.
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AP photo / Vahid Salemi
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Venezuelan President Hugo Chavez stopped off in Tehran to meet with Iranian President Mahmoud Ahmadinejad on Monday after the weekend’s OPEC summit in Saudi Arabia, marking Chavez’s fourth trip to Iran in two years. During their tête-à-tête, the two least likely leaders to drop in for dinner at the White House discussed, among other things, the dollar’s recent and precipitous decline.
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Too Soon to Tell: The Case for Hope, Continued
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