Last month, Iranian missile boats let fly less than a mile from the aircraft carrier USS Harry Truman in what can easily
Instead of worrying about the rise of China, we need to fear its fall.
As he comes to grips with his failed escalations in Afghanistan and Syria, President Barack Obama should nevertheless respond to China's escalations in the South China Sea. Fortunately, all it requires is that he direct the U.S. Navy to sail where it has legally sailed for more than a century.
Even before American hegemony emerged after World War II, birthday boy George Washington's Farewell Address admonition to avoid "permanent alliances" and focus on neutrality had long since been ignored. Now we have a worldwide web of alliances, mostly of our own instigation, and involvement in a whole host of wars.
Cheaper and cleaner than oil -- and seemingly abundant in supply -- shale gas was intended to be our "bridge" fuel to a bright future of renewable energy. But a clear look at the costs involved reveals that shale is a teetering bridge leading to an even higher-cost future.
Every week, The WorldPost asks an expert to shed light on a topic driving headlines around the world. Today, we look at the
My question in response would be this: Given business, reputational, environmental and other risks, can't the industry figure out a way to successfully capture this perfectly usable gas at a profit?
I recently got into a discussion with an executive at one of the larger derivative brokerages about the amount of speculation and investor interest in the oil markets today. He made a number of good points, but one that wasn't so good was in comparing the oil market to stocks.
Every time a Honda Civic owner fills his tank, he hands $7.30 to Wall Street. A Ford Explorer driver is even more "generous" -- she provides them with a cool $10.41.
While feeling angry is justified in a crisis, the governments would be best advised not to get mad at Russia but to get more secure in energy supplies and smarter in energy usage.
Crazy? Well yes, but just this weekend the Financial Times reported that camel demand on the Asian Sub-Continent is soaring.