The Saudi-led OPEC cuts may have supported oil prices and reduced market volatility, but they have also opened the door wide to rival crude grades flowing into the most prized market for the Middle Eastern producers: Asia.
Reduced supplies by OPEC resulted in higher prices for Middle Eastern crude benchmark Dubai and a narrower Brent/Dubai spread, which made the shipment of Brent-price-linked crude grades to Asia profitable. Continue reading
A SECURITY expert has championed the idea of a ‘European pillar’ of defence for NATO, worryingly echoing calls for an EU army.
Jean-Marie Guéhenno, CEO of International Crisis Group, an independent conflict prevention organisation, has called on NATO’s European members to step up their defence spending.
The Frenchman has signalled the new direction in foreign policy by US president Donald Trump should act as a catalyst for change, warning: “NATO is about North America’s engagement in Europe, and Europeans, working with Canada, must take the initiative in proposing a vision adapted to the 21st century. Continue reading
MURMANSK, Russia (Reuters) – The nuclear icebreaker Lenin, the pride and joy of the Soviet Union’s Arctic great game, lies at perpetual anchor in the frigid water here. A relic of the Cold War, it is now a museum.
But nearly three decades after the Lenin was taken out of service to be turned into a visitor attraction, Russia is again on the march in the Arctic and building new nuclear icebreakers.
It is part of a push to firm Moscow’s hand in the High North as it vies for dominance with traditional rivals Canada, the United States, and Norway as well as newcomer China. Continue reading
Damage control, hibernation and infiltration with the aim of outlasting, influencing and steering… This is exactly what Trump’s opposition is doing. They are entrenching themselves like they did with Ronald Reagan and biding their time, while still being able to complete a few objectives here and there, until he is out of office.
There are two America’s in this case: Globalist and nationalists. George W. Bush, for example was a globalist, as he pushed for a North American Union. Barack Obama on the other hand, for example, pushed TTIP to harmonize business between the EU and America. Donald Trump is a nationalist who wants to bring America back to a sovereign nation status.
When you look at the overall picture, you see that there really is no difference between Republican and Democrat parties. They’re both the same under different names. As was Soviet Russia, and even Russia today. No matter which candidate wins, the KGB gets one of their men in the Kremlin. Donald Trump is the true outsider (or at least he ran under that banner), which is even why his own Republican party tried so feverishly to stop him.
What will be the fate of NAFTA?
As Donald Trump prepares to become U.S. president on Jan. 20, the future of NAFTA is in doubt. He has promised to either renegotiate or withdraw from the trade agreement. Despite the outcome of the 2016 presidential election, there are still many different existing North American integration mechanisms that remain in place. Over the last year, the globalists have quietly laid the foundation to ensure their continental agenda continues. They are positioning themselves so they can try to better influence the new Trump administration in advancing deeper economic, political and security integration in North America. Continue reading
HUNDREDS of US tanks and trucks arrived in Europe yesterday as part of a NATO build-up near Russia’s borders.
The vehicles arrived in the German port of Bremerhaven [sic] and will now be transported by rail and road to eastern Europe.
In a move that will likely be overturned promptly by the administration of Donald Trump, president Obama on Tuesday formally blocked offshore oil and gas drilling in most of the Atlantic and Arctic Ocean, responding to a call from environmentalists who say the government needs to do more to prevent drilling in environmentally sensitive areas of U.S.-controlled oceans.
The president had been expected to take the action by invoking a provision in a 1953 law that governs Outer Continental Shelf offshore leases, and he did just that to block drilling in federal waters in the Arctic’s Chukchi Sea and most of its Beaufort Sea. He also protected 21 underwater canyons in the Atlantic Ocean from drilling. Furthermore, Canada will block drilling in all of its Arctic Ocean acreage, a moratorium officials will review every five years, the White House said. Continue reading
While the article is correct in world war already having begun in the cyber theater, it’s wrong about one thing: World War III was the Cold War. We’re moving towards World War IV.
Please see the source for the video.
WORLD War III has already begun in cyberspace, experts said today.
With nations across the globe stockpiling weapons on a scale not seen for decades, 2017 could see the cold war develop into a full scale conflict costing millions of lives.
Already largely due to Vladimir Putin’s sabre-rattling, China’s increasing belligerence and a new USA with Donald Trump at the helm a country as peace-loving as Sweden has been placed on a war footing. Continue reading
The China-backed Asian Infrastructure Investment Bank (AIIB) is “on track” to meet its big first-year targets, including lending US$1.2 billion by the end of 2016, bank president Jin Liqun said on Friday.
After bringing many US allies on board and a high-profile launch in January, the multilateral lender moved onto the business of raising funds, gaining expertise, and recruiting experienced executives.
The bank, part of Beijing’s push to expand its regional clout, has lent US$829 million to six projects in Pakistan, Tajikistan, Indonesia and Bangladesh. Continue reading
Brussels: The European Union and Canada signed a far-reaching trade agreement on Sunday that commits them to opening their markets to greater competition, after overcoming a last-minute political obstacle that reflected the growing scepticism toward globalisation in much of the developed world.
Canadian Prime Minister Justin Trudeau had been forced to call off an earlier trip to sign the deal after Wallonia, the French-speaking region of Belgium, used its veto to withhold Belgian approval of the deal. The pact required the support of all 28 signatory countries.
Mr Trudeau signed the pact on Sunday, joined by Donald Tusk, the president of the European Council, which represents the leaders of the member states; Prime Minister Robert Fico of Slovakia, which holds the rotating presidency of the body that runs the bloc’s ministerial meetings; and Jean-Claude Juncker, the president of the European Commission, the bloc’s executive arm. Continue reading
NATO has been forced to step up its plans to deploy thousands more troops to the Russian border as Vladimir Putin increases the country’s war preparations.
The global alliance will use its meeting with European Union officials to launch an aggressive push to implement troops in Poland, Estonia, Latvia and Lithuania.
An agreement – signed at a Nato summit in Warsaw in July – will see 3,000 to 4,000 soldiers stationed close to the Russian border in case Moscow launches all out war.
China accounts for about half of global economic growth, Stephen Roach says
NEW HAVEN, Conn. (Project Syndicate) — Is the Chinese economy about to implode? With its debt overhangs and property bubbles, its zombie state-owned enterprises and struggling banks, China is increasingly portrayed as the next disaster in a crisis-prone world.
I remain convinced that such fears are overblown, and that China has the strategy, wherewithal, and commitment to achieve a dramatic structural transformation into a services-based consumer society while successfully dodging daunting cyclical headwinds. But I certainly recognize that this is now a minority opinion. Continue reading
The most significant geophysical event on our planet since the end of the ice age is taking place today—the opening of the Arctic. As the High North maritime environment warms, the Arctic Ocean’s abundant energy, minerals, fish stocks, and other natural resources are becoming increasingly accessible, while new potential maritime routes promise to reduce shipping times and costs and accelerate ties between major commercial centers. These new opportunities for energy development, natural resources extraction, and shipping suggest that the region risks becoming an arena of intense competition, tension, and potentially even confrontation, not only between the United States and its two near-peer strategic competitors—China and Russia—but also among other Asia-Pacific states with observer status in the Arctic Council. Continue reading
Note: For archiving and reference, this article will remain in full.
RESIDENTS of the US state of Alaska – just 50 miles from the Russia border – are being warned they may be invaded by Vladimir Putin’s troops.
An unnamed former senior military officer has apparently claimed all evidence shows Russian submarines will enter the US via the small village of Wasilla, in Alaska.According to the ex-Navy brass, the stretch of coastline is totally unprotected and would be ideal to stage an attack from.
Canada’s military services can no longer defend the nation’s borders—much less its citizens. According to the new commander of the Royal Canadian Navy, Vice Adm. Ron Lloyd, Canada’s last destroyer, hmcs Athabaskan, will be retired from service in the spring of 2017, leaving the nation to rely on its allies for defense for at least the next seven years. Over the previous decades, Athabaskan and other similar vessels provided the capabilities of command and control for both the Royal Canadian Navy and the area air defense. By next spring, the Navy will be left with only 12 frigates, 12 coast defense vessels and 4 submarines. Canada will need to rely on the United States for its area air defense.
Protests against new oil and gas pipeline construction are becoming more or less part of everyday life in the U.S. and Canada. Keystone XL, Dakota Access, Enbridge’s Line 5, Energy East, you name it. There seem to be dozens of new pipelines in the works, and almost all are the target of protests by environmentalists, Native American tribes and First Nations.
After the demise of the Keystone XL project, the Dakota Access pipeline seems to have garnered the most attention, with mass protests from Native American tribes and their supporters earlier this month succeeding in getting the project shelved – a move by the White House that energy industry insiders warned could set a dangerous precedent for other infrastructure projects, affecting the economic development of the country. Continue reading