Archive for the 'Middle East' Category
Oil “Dominating” Iraqi Election Campaign
0 Comments Published by Andy Rowell March 2nd, 2010 in Iraq, Iraq Oil Law, Middle East, War, violenceSo seven years later it will come down to this weekend. Whether President Obama can withdraw all American combat troops from Iraq by August will be decided by the Iraqi elections this weekend.
If the election passes off peacefully, American soldiers will probably go home on schedule. But if there is a repeat of the sectarian [...]
Shifting Geo-Politics not Good for the Climate
0 Comments Published by Andy Rowell February 22nd, 2010 in China, Climate Change, Middle East, Nigeria, Saudi Arabia, oil demandChange may only happen in small steps, but slowly and surely the geo-politics of oil are changing.
The dynamics of Middle Eastern oil are in transition. Anyone who argued that the war in the Gulf was a war about oil should sit up and take notice. And anyone concerned about the climate should also be worried. [...]
De-dollarisation of Oil Market by 2018
0 Comments Published by Andy Rowell October 7th, 2009 in China, Middle East, Russia, US foreign policy, oil tradingSometimes a story grows legs, other times it hits the dust.
But yesterday’s front page story in the Independent about negotiations to end oil trading in dollars seems to have hit a raw nerve and sent shock-waves through the currency markets.
In response to the story, gold is now trading at record levels and the dollar is [...]
Oil Traders to Ditch the Dollar…
12 Comments Published by Andy Rowell October 6th, 2009 in China, Middle East, Russia, US foreign policy, oil tradingThe dollar is sliding on the currency markets this morning after reports by the Independent newspaper that Arab states are in secret talks with China, Russia and France to stop using the US currency for oil trading.
The move – if it happens – would be the most profound financial change in recent Middle East history, [...]
A Nuclear-Tainted and Oil-Soaked Renewable Energy Agency?
1 Comment Published by Andy Rowell July 1st, 2009 in Alternative energy, Middle East, renewable energySo the United Arab Emirates has won the race to host the new International Renewable Energy Agency (IRENA) beating off competition from Bonn and Vienna.
Never mind that the UAE has the highest per capita carbon footprint in the world, a fact that had attracted strong opposition from other countries. Never mind that the UAE is [...]
