OPEC dispute sends oil market reeling

U.A.E. prepares for a post-oil world, endeavouring to make the best of the oil it has before demand shrinks for good

OPEC dispute sends oil market reelingCrude oil markets have left a confused picture and observers can’t decipher where prices will stabilize. In the immediate aftermath of the Organization of Petroleum Exporting Countries (OPEC) fiasco last week, oil prices were on a slippery slope. OPEC+ ministers halted crude oil output talks on July 5 after the United Arab Emirates rejected a…

We can’t just laugh off unidentified aerial phenomena

The observers of these phenomena are sober professionals who seek to understand what it is that has been detected and recorded

We can’t just laugh off unidentified aerial phenomenaThe venerable television program 60 Minutes aired a segment recently focused on a topic that has been examined before, but not with the same widespread receptivity and credibility. It had to do with UAPs. And the Pentagon, directed by the United States Congress, recently released its file on UAPs, or unidentified aerial phenomena. These sightings…

Keeping border closed ignores our pandemic progress

Relaxing measures at the border could serve as an indication that vaccination efforts are working

Keeping border closed ignores our pandemic progressPrime Minister Justin Trudeau has made no secret about his belief that every Canadian should get vaccinated. “I just want to get back to normal,” he said in May, insisting that the path back to normality was to ensure that everybody, including the “crusty old uncle who resists” or a “friend who’s skeptical,” take a…

Richard Nixon’s shocking summer and its big payoff

He wanted to be seen as a man of action, someone taking charge

Richard Nixon’s shocking summer and its big payoffIn the summer of 1971, Richard Nixon demonstrated how his charismatic deficiencies didn’t preclude daring moves. His detractors were taken by surprise. Nixon was in the third year of his first U.S. presidential term and he came into that summer on the back foot. The inherited Vietnam War was grinding on and the policy of…

Rising demand and prices suggest an oil market resurgence

US$100 oil is a distinct possibility

Rising demand and prices suggest an oil market resurgenceThe world needs more oil. The Organization of Petroleum Exporting Countries (OPEC), Russia and American shale oil producers all need to up their output to keep the rising prices of the “super cycle,” as Saudi Energy Minister Prince Abdulaziz bin Salman called it, under control. Media reports say Prince Abdulaziz bin Salman told the Robin…

Global corporate tax rate will hamstring economy

A global minimum corporate tax is a 20th-century solution imposed on the 21st-century, where the digital realm is disrupting taxation

Global corporate tax rate will hamstring economyWorld leaders should resist U.S. pressure to enact a global minimum corporate tax, despite a recent move by the G7 countries to adopt the plan. It would harm corporations, small companies, workers and consumers while discouraging investment and wealth creation. If anything, the world needs more competition for post-pandemic recovery. U.S. Treasury Secretary Janet Yellen’s…

The dangers of shutting down North American pipelines

We should stop caving in to North American virtue signallers

The dangers of shutting down North American pipelinesMichigan Gov. Gretchen Whitmer has launched the latest political hit job on a Canadian pipeline. Whitmer is targeting Enbridge’s Line 5, which runs from Alberta through the Great Lakes region to refineries and chemical plants in Sarnia, Ont. The Sarnia terminus sells to companies that make products that fuel cars, trucks, vans, ships and airplanes…

J.F.K. dug a deep hole in his relationship with Khrushchev

Because of the Bay of Pigs disaster, Khrushchev pegged Kennedy as a pushover

J.F.K. dug a deep hole in his relationship with KhrushchevThings didn’t go well when U.S. President John F. Kennedy met with Soviet First Secretary Nikita Khrushchev in June 1961. Or at least they didn’t from Kennedy’s perspective. Speaking to American journalist James Reston after the Vienna summit’s second and final day, Kennedy described it as the “roughest thing in my life.” Khrushchev, he said,…

Why Canada’s heavy oil is an integral part of U.S. production

Anyone who thinks the U.S. can do without Canadian oil, especially heavy oil, is misinformed. Canadian oil is critical to the Americans

Why Canada’s heavy oil is an integral part of U.S. productionBy Mark Milke and Lennie Kaplan Canadian Energy Centre The United States banned exports of crude oil in the mid-1970s, as the result of an oil embargo directed at the U.S. by Middle Eastern countries. The embargo began as a result of American support for Israel during the 1973 Yom Kippur War. In response, some…

Biden can’t go back to a pre-Trump China policy

Xi has changed the game, and the U.S. needs to maintain "ambiguity" while constantly adapting to avoid war in the Taiwan Strait

Biden can’t go back to a pre-Trump China policyIn recent months, a number of American security analysts have argued that the United States’ longstanding use of “strategic ambiguity” in the Taiwan Strait has outlived its utility. For example, in widely reported remarks, retired U.S. Adm. James Stavridis posited that “the longstanding U.S. policy of ‘strategic ambiguity,’ supporting Taiwan militarily without a formal commitment…

We need to control big tech. But how?

Big tech knows there will be a gradual convergence of major technology companies until no small brand can compete in any meaningful way

We need to control big tech. But how?Walking through a Manhattan subway station recently, I saw sign after sign advertising Google’s latest features on its Pay app. Huge walls of advertisements displayed photographs of happy users seeing how their monthly spending broke down, seemingly reaping the benefits of Google’s total control of their financial affairs. It feels like some dystopian future, with…

America may not like it but pipelines are crucial

Are we prepared for the economic consequences of shutting them down?

America may not like it but pipelines are crucialBy Mark Milke and Lennie Kaplan Canadian Energy Centre There’s nothing like real life as a corrective to Disney-like musings, where fantasies are concocted absent any connection to reality. The newest example comes from a recent ransomware attack directed against Georgia-based Colonial Pipeline. The American pipeline company, which ships 100 million gallons of refined fuel…

What you see with Joe Biden is what you get

Author Jon Meacham’s most important insights about U.S. politics and the presidency are intertwined with the current officeholder

What you see with Joe Biden is what you getJon Meacham is a Pulitzer Prize-winning writer and historian. He’s been an executive editor/vice-president at Random House, has worked for the Chattanooga Times, Time and Newsweek, and written for the New York Times Book Review, Washington Post and other publications. Several of Meacham’s books, including American Lion: Andrew Jackson in the White House (2009), Thomas…

Iran’s likely return to crude oil marketplace causes ripples

Biden seems to have slackened America's tight grip on Iranian crude exports reigniting a market share battle within OPEC

Iran’s likely return to crude oil marketplace causes ripplesIran and the United States are closing in on reviving the 2015 Joint Comprehensive Plan of Action (JCPOA), commonly termed as the Iran nuclear deal. U.S. President Joe Biden is keen to strike a deal before the June presidential elections in Iran, which hardliners are projected by many to win. All this has significant bearing…

The huge challenge of holding police accountable

Too many police officers across the U.S. have been complicit by failing to intervene during their colleagues’ egregious misconduct

The huge challenge of holding police accountableThe trial of Derek Chauvin for the murder of George Floyd exposed Minneapolis Police Chief Medaria Arradondo and forced him to give evidence and account for – or, more correctly, reject – Chauvin’s actions. The televised trial, with testimony from other police officers, including Arradondo, was an extraordinary event. Chavin was found guilty on all…
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