oil

The Commodities Bubble

For those following economic trends, the past 18 months are notable primarily for two reasons. First, the U.S. housing market, long seen as overvalued by alternative economists and even powerful economic institutions including the International Monetary Fund (IMF), finally went from boom to bust. Over the span of a few months, housing in some markets depreciated by as much as 30%, and some economists estimate that losses may ultimately reduce value by as much as 50% in some cities.

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End of the Petroleum Age?

End of the Petroleum Age?

At the hastily convened global oil summit in Jeddah, Saudi Arabia on June 28, top officials of producing and consuming nations from around the world attempted to find a combination of solutions that would somehow extricate us from the current crisis over sky-high energy prices. These proposals ranged from increased output by major producers like Saudi Arabia and Kuwait to restrictions on the activities of international oil speculators.

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Candidates for Congress Show the Way Out

How-to-leave-Iraq plans have proliferated over the past five years. Most of the plans proposed by Democrats have brimmed with rhetoric aimed at scoring points against President George W. Bush rather than working out the messy details of how to end the occupation and what to do in its aftermath. Ten Democratic candidates for Congress have just changed that with the announcement of a plan that sets forth a strategic vision both to bring the Iraq War to an end and to prevent future “Iraqs.”

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Africas Own Needs Should Come First

As global supplies shrink and the Middle East remains in turmoil, the United States is not without competition in Africa. China and other emerging economies are also looking to the continent and only seeing the oil needed to feed their rapid growth. This is especially true as new discoveries of oil on the African continent seem to pop up every year. Ghana discovered oil off its shores in 2007, Mauritania in 2006, and many other countries are ramping up exploration.

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Respecting Our Neighbors to the South

Having only recently become a U.S citizen, I now join the millions of immigrants eligible to vote in this year’s presidential election. For my native Latin America, none of the candidates is offering a real alternative to the failed policies that have made the U.S. government wildly unpopular among people from Mexico to Argentina.

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Mexico’s Battle over Oil

Mexico’s Battle over Oil

On April 8, President Felipe Calderon dropped a political bomb on the Mexican political scene. The Senate received an executive initiative that would fundamentally change the structure and operations of the oil company, Petroleos Mexicanos (Pemex). Key operations of the state-owned enterprise would pass into private hands.

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Memorializing Iraq

Joseph DeLappe began to think of a memorial to Iraqi civilians in early spring 2004, when all 5,200 entries for the World Trade Center memorial were posted online. “To give access to this entire grouping of proposals was really intriguing,” he says. “It was almost a year since the Iraq invasion had started. My first thought was: I bet there will be no process like this to memorialize all the Iraqi civilians in the Iraq War.”

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