For the past three years, President Trump and his CIA director and then Secretary of State Mike Pompeo have been trying to abandon their country’s imperialism and replace it with an economic strategy. This supposes that Washington can still be the world leader provided it has a powerful army and energy autonomy. Donald Trump has…
Julian Simon – thou shouldst be living at this hour. Simon, of course, was the University of Maryland economist who caused a major intellectual stir in the early 1980s with a not-bad anti-Malthusian polemic called “The Ultimate Resource. It was “not bad,” the journalistic equivalent of an A-, because it addressed a number of vital…
On 24 March 1947, a US C-47 military transport plane that was en route from Jeddah to Addis Ababa via Asmara crashed into mountains north of the Ethiopian capital, killing six Americans on board, including the US petroleum attache, and the Beirut-based cultural attache, Daniel Dennett. Seventy years later, Daniel Dennett’s daughter Charlotte is still trying to…
The emergency OPEC+ talks that are scheduled for 9 April are the next step in the “New Detente” between the US and Russia even though America won’t formally be represented at that meeting seeing as how Moscow is making moves that show its interest in stabilizing the global energy markets so as to surprisingly save…
Donald Trump called Russian president Vladimir Putin on Monday to discuss plunging oil prices that are wreaking havoc on America’s shale oil industry. The two leaders talked briefly about the coronavirus pandemic but quickly switched to Trump’s real concern which is oil production. For the last month, Saudi Arabia has been flooding the market with…
History in truth never repeats, but it very often reverses itself. Crown Prince Mohammed bin Salman bet heavily on repeating history when he tried to bankrupt Russia by opening the gates of unlimited oil production and exports: He will only ruin his own Kingdom of Saudi Arabia instead. In the 1980s King Fahd of Saudi…
