It seems that the US instigation of a trade war has begun to stir some serious retaliation. As the US under President Trump continues to chart a course of economic and military confrontation with the entire planet, some countries have begun trying to deal with US tariffs. China seems to be leading the way in…
Do you like paying high prices for oil? Well, then you’re in luck. It seems that there is a drastic increase in the price of oil coming soon. US energy policies and imperialist aggression are the two-headed beats responsible for this new round of price increases. Already Brent crude futures are trading around $78.10 (from…
Big news in the world of economic cooperation: The Development Bank of China has approved a loan of US$5 billion for Venezuela to increase petroleum development. According to reports the money will be used for upgrading much of the equipment and methods to produce petroleum in the country. This move comes as there has been…
Oil exporting countries are smiling all the way to the bank these days, except Iran. The price of Brent crude oil touched $75.89 a barrel, while the US West Texas Intermediate reached $70.52. The Chinese also experience a similar rise, where yuan-traded Shanghai futures surged to an all-time high in US dollars at $72.54 on…
One of the hallmarks of the War on Terror has been the invasion of Iraq that took place in 2003. To justify the invasion the US gave false claims of “Weapons of Mass Destruction”, a term meant to evoke fear in the minds of the American people. It was often repeated that these weapons would…
The Venezuelan oil industry is currently embattled in two large lawsuits that may have a very serious impact on the future of Venezuelan oil production. The situation for the industry has been precarious since the introduction of the Bolivarian revolution. The state oil company seized (for the most part) from the capitalist class had been…
