Tag: Oil

Supertanker Grace I

Caught In The Strait

The seizures of vessels constitute a recipe for a tit-for-tat calamity.  We are already seeing the bitter fruit of the harvest arising out of the seizure of Grace I. Two oil tankers – the UK registered Stena Impero, and the Mesdar, another Liberian registered vessel though British operated – were subsequently seized in the Strait of Hormuz.

Trump's plan for Palestine

A Deal No One Will Accept

If the tragicomical ‘Deal of the Century’ were to actually come to pass, what will become of the Palestinians, sold down the river by their Arab oil brothers? The Trump administration has not yet specified the details. The unwritten hope is that the two million Palestinians in the Gaza hellhole will remain there, locked up by Israel and Egypt.

Tanker on fire

Iran Paralysed

The rise of tension in the Gulf is a dangerous game which could turn bloody at any moment. The unclaimed sabotage of the tankers could have been perpetrated by almost any of the parties, including the United States, who are well-versed in the use of false-flag operations. However, rational analysis shows that Teheran today is not at all in this state of mind.

Oil tanker attacked

Will The Real Bombers Please Stand Up

Who is attacking oil tankers in the Gulf between Oman and Iran? So far, the answer is still a mystery. The US, of course, accuses Iran. Iran says it’s the US or its local allies Saudi Arabia and the United Arab Emirates. Magnetic mines are blamed for the damage, though […]

Great Australian Bight

A Matter Of Independence: Equinor And Drilling The Great Australian Bight

Dollar signs flashed with seductive calling: oil exploration in the Great Australian Bight could see “more than 2,000 jobs in South Australia” while generating some $7 billion in average annual tax revenue for state and federal governments. A future indirect effect is also praised: between 2020 and 2060, additional activity and “associated tax revenue” would see the creation of 5,000 jobs.

U.S. to end imports of Iranian oil

Trump’s Crusaders March To War

Trump’s irrational quest to crush Iran could very well turn the rest of the world against Washington. But Trump & Co. don’t seem to care. Someone must tell Trump’s out of control administration to stop trying to overthrow governments it does not like around the globe and promoting itself as the Second Coming of Christ.