US sanctions cripple Libyan oil exports
© AFP Marco Longari AFP NEW YORK (AFP) – US sanctions against Libya are crippling the country’s oil exports as market participants fear being accused…
Oil
Former OPEC Official to Obama: Tap Oil Reserves
AFP File image Amy Harder National Journal HOUSTON — A former top OPEC executive said on Monday that President Obama should tap into the Strategic…
Insurrection and Military Intervention: The US-NATO Attempted Coup d’Etat in Libya?
Muammar Gaddafi/Wiki Commons image Prof. Michel Chossudovsky Global Research The US and NATO are supporting an armed insurrection in Eastern Libya, with a view to…
Is Gaddafi an Oil Robber Baron?
SARTRE, Contributing Writer Activist Post The struggle for control over oil resources is one of the most dominate factors in economic history. A timeline of…
Spiking Oil, Plunging Economy
Greg Hunter USA Watchdog This weekend, violence continued to erupt in the Middle East. In Libya, the Gaddafi government launched counter attacks against the rebels. …
Saudi Arabia’s stock market tumbles on fears of civil unrest
Fears of sectarian uprisings in Bahrain and Saudi Arabia have set off the first serious wave of investor flight from the Gulf, compounding market turmoil…
Gas up 33 cents — second biggest two-week jump ever
Private Lundberg survey says average cost of a gallon of regular nationwide is $3.51 AFP image Reuters/MSNBC NEW YORK — Gasoline prices in the United…
White House considers tapping oil reserves
© AFP/File Philippe Huguen AFP WASHINGTON (AFP) – The United States has not ruled out tapping strategic oil reserves in the face of spiking oil…
Food prices hit highs as oil rises
U.N. Chart/ Wiki Commons News.au WORLD food prices have hit new records and oil price spikes could push them even higher, the UN food agency…
People Of Earth: Prepare For Economic Disaster
NASA: Wiki Commons image Economic Collapse It is not just the United States that is headed for an economic collapse. The truth is that the…
Oil price shock; you ain’t seen nothing yet
Wiki Commons Jeremy Warner Telegraph The most common cause of a spiking oil price is supply shock. We may be seeing just such a phenonenon…
World can handle choked oil supplies: Geithner
© AFP Jewel Samad AFP WASHINGTON (AFP) – The world can pump enough extra oil and has enough stashed in reserve to limit price shocks…
US says Libya at crossroads of democracy, civil war
Libya opposition militia: © AFP Marco Longari AFP WASHINGTON (AFP) – Warning that Libya is at the crossroads of peaceful democracy and civil war, the United…
Bernanke warns on oil price ‘threat’
© AFP/File Fred Dufour AFP WASHINGTON (AFP) – Federal Reserve chairman Ben Bernanke on Tuesday warned “sustained rises” in oil prices could potentially threaten US…