With the US withdraw from the Joint Comprehensive Plan of Action (JCPOA or Iran nuclear deal) a new round of sanctions have been placed on the Islamic Republic. The US is doing its best to harm the country which has dared to resists imperialist attempts to destroy their country and stand in solidarity with those…
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…
Turkey has declared war on Kurdish forces inside Syria. The military has rolled in against Kurdish fighters in Afrin city. Turkey has claimed upwards of 260 Kurdish and ISIS fighters have been killed in their attacks. The attack is being called ‘Operation Olive branch’, which the Turkish government says is going successfully. On the other…
Data shows that that the US is continuing to manipulate world oil prices in an effort to hinder oil producing countries, not in line with US foreign policy. As of Friday, the price of crude oil dropped 2 percent as the US has boosted domestic oil production by 1 percent. Meanwhile, Organization of the Petroleum…
Oil and the Global Capitalist Crisis by Caleb Maupin is a speech he gave to the Second Congress of the Trade Union Center of Brazil on February 25th, of this year. His work adequately lays out how the international oil companies have influenced the world economy in their favour. How they’ve destroyed entire economies, and…
By Caleb T. Maupin CalebMaupin.info The world, including the US press, is looking on in horror at recent events in Libya. Libya is now a center of human trafficking, with human beings packed into ships bound for Europe.
Caleb Maupin has written an article for New Eastern Outlook that takes a dive into the ongoing hostilities between the US and Russia. His post can be seen here. Since he and I are friends I’d like to add some thoughts of my own to his work here. Here’s my thoughts: You’re right energy resources…
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