June 2013

Extreme Energy, Extreme Implications

James Stafford of Oilprice.com discusses the following topics with Michael Klare: Why we are talking about a resurgence” of American power Why the issue of US natural gas exports is a geopolitical dilemma Why Myanmar is important but not critical to the US Asia-Pacific “pivot” Why Myanmar IS critical to China Why India and Japan are key to the US’ evolving

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"Offshore Oil Rig" by num_skyman

India’s Energy Ties with Iran Unsettle Washington

India’s relentless search for hydrocarbons to fuel its booming economy has managed the rather neat diplomatic trick of annoying Washington, delighting Tehran and intriguing Baghdad, all the while leaving the Indian Treasury fretting about how to pay for its oil imports, given tightening sanctions on fiscal dealings with Iran.

On 7 June the US State Department reluctantly announced that it was renewing India’s six-month waivers for implementing sanctions against Iran, along with seven other countries eligible for waivers from the sanctions owing to good faith efforts to substantially reduce their Iranian oil imports. In New Delhi’s case, it is the U.S. and EU-led sanctions rather than any willingness on India’s part that has seen a fall in its Iranian oil imports. India is the second-largest buyer of Iranian oil, a nation with whom it has traditionally had close ties. U.S. Secretary of State John Kerry said that India, China, Malaysia, South Korea, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan had all qualified for an exception to sanctions under America’s Iran Sanctions Act, based on additional significant reductions in the volume of their crude oil purchases from Iran.

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Bank Safety

Bank Safety: How to Protect Your Cash in Times of Crisis

Do you really want the bulk of your life savings sitting with one company? What if they go belly-up? Can you afford to have a major portion of your nest egg tied up for months while the FDIC and/or the SIPC tries to sort things out?  FDIC and SIPC insurance tends to lull us into a sense of complacency… no worries… the Government will protect us. Or will they? What about Cyprus? We know they will protect the big banksters… but will they actually protect the little guy like you and me? In today’s article Dennis Miller of Casey Research looks at the steps that every investor needs to take now to protect themselves.

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Square Earth

Things That Make You Go Hmmm: What On Htrae Is Going On?

In today’s article Grant Williams takes a look at mythical Bizarro world (Htrae) where everything is backwards and compares it to the supposedly logical and normal functioning earth. Unfortunately, some things that belong in Bizarro  world have somehow made their way to Earth. ~ Tim McMahon, editor By Grant Williams   In the early 1960s, a new

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