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Nafeez Ahmed – Is an Economic Oil Crash Around the Corner?

A report by HSBC shows that contrary to industry mythology, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked and is now in decline, while European government scientists show that the value of energy produced by oil has declined by half within the first 15 years of the 21st century. …

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Michael T. Klare – The Desperate Plight of Petro-States

Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels. Unlike other countries, which largely finance their governments through taxation, petro-states rely on their oil …

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Michael T. Klare – Debacle at Doha

Sunday, April 17th was the designated moment.  The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. Meeting in Doha, the glittering capital of petroleum-rich Qatar, the oil ministers of the Organization of the Petroleum Exporting Countries (OPEC), along with such key non-OPEC producers as Russia and …

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CHRISTINA SARICH – Hungary and Austria Team Up to Regulate Ban on GMOs with Fierce Resolve

In the US we are still swimming from the FDA’s approval of GM salmon, while across the world, member states of the EU, Hungary, and Austria team up to make sure genetically modified food isn’t getting into their countries. Hungary Today reports: “European People’s Party MEPs György Hölvényi of Hungary and Elisabeth Köstinger of Austria organised a conference in Brussels on the …