Global Geopolitics & Political Economy / IPS By Meena Bhandari FREETOWN, Nov 18, 2011 (IPS) – There is a new oil rush off the coast of West Africa. But there are fears that the sector is not sufficiently regulated, and watchdog groups are raising concerns about transparency and governance in the region. Anticipation is building [...]
Crude Oil Analysis for the Week of November 14, 2011
November 15, 2011 By
Republished with permission on Global Geopolitics & Political Economy Written by FX Empire January Crude Oil finished sharply higher for the week, settling well above a key 50% support at $95.29, but below 61.8% resistance at $99.99. Additional Gann angle support is at $99.36 this week. The next important upside target is a downtrending Gann [...]
ECUADOR: Fate of Untapped Oil Hangs in the Balance – of Trust Fund
July 14, 2011 By
Global Geopolitics & Political Economy / IPS By Gonzalo Ortiz QUITO, Jul 14, 2011 (IPS) – "Ecuador will not wait ad infinitum" for a decision by the international community, and "at the end of the year" President Rafael Correa will decide whether to extract oil that was to have been left underground at the Yasuní [...]
LATIN AMERICA: Digging Deep for Transparency in Oil and Mining
May 23, 2011 By
Global Geopolitics & Political Economy / IPS By Gonzalo Ortiz QUITO, May 23, 2011 (IPS) – Oil and mineral resources are abundant in several Latin American countries but will not last forever, and should be used to fuel the transition to a more diversified economy. The warning comes from María del Carmen Pantoja, head of [...]
Sky-High Oil Prices Here to Stay
April 1, 2011 By
Global Geopolitics & Political Economy / IPS By Aprille Muscara* WASHINGTON, Apr 1, 2011 (IPS) – As the Arab world continues to pitch and heave with flashes of popular uprisings here and sparks of brutal crackdowns there, analysts are painting a grim picture of the regional unrest’s economic consequences, predicting the persistence of high oil [...]
Libya Uprising Hits West’s Dinner Tables
March 31, 2011 By
Global Geopolitics & Political Economy / IPS Analysis by Simba Russeau CAIRO, Mar 30, 2011 (IPS) – Linkages between the Libyan uprising and shelling out more money than usual at a local market in the West may not at first seem apparent but the common denominator is oil. Muammar Gaddafi’s grip on power is not [...]
Will the Libya Syndrome Spread in OPEC?
March 8, 2011 By
Global Geopolitics & Political Economy / IPS Analysis by Humberto Márquez CARACAS, Mar 8, 2011 (IPS) – The combination of a leader in power for 42 years, underground political forces bursting on the scene with violence, fractured armed forces and a fast-developing civil war would appear to be a specifically Libyan phenomenon that is unlikely [...]
Saudis to Offset Libya Oil Shortfall
February 26, 2011 By
Global Geopolitics & Political Economy / IPS By Humberto Márquez CARACAS, Feb 25, 2011 (IPS) – Saudi Arabia has increased oil production to compensate for the fall in output from Libya, as the popular uprising against the regime of Muammar Gaddafi continues to grow in that North African country. The increase of 700,000 barrels per [...]
Q&A: "The Verdict Against Chevron Is Enforceable, Because It Is Just"
February 23, 2011 By
Global Geopolitics & Political Economy / IPS Gonzalo Ortiz interviews JUAN PABLO SÁENZ, prosecuting attorney in Chevron case * QUITO, Feb 23, 2011 (Tierramérica) – On Feb. 14, a provincial Ecuadorean court issued the harshest environmental verdict in history against a major oil company, the U.S.-based Chevron. But is there any chance it will be [...]
LIBYA: OBAMA’S IRAQ
Global Geopolitics & Political Economy B.RAMAN "Despite the fact that it was French war planes which launched the first attacks, it’s clear that this early phase of the operations is an overwhelmingly American affair – all but a very small number of cruise missiles have been fired from American ships and submarines, " said Paul [...]