Author Archives: Yves Smith

Links 4/6/2022

ExxonMobil Announces $10 Billion Oil Investment the Same Day IPCC Signals End for Fossil Fuels

uelle surprise! Big oil is not giving up.

The French Election Is All About Imperialism. Here’s Why

How media oligarchs have been moving French voters, and with them, mainstream parties, to the right.

Sanders Hails Growing Union Movement as Threat to ‘Oligarchy and Corporate Greed’

As Sanders celebrates the Amazon union victory, some billionaire overlords are getting testy.

Links 4/5/2022

China – A Sub-Imperial Ally of the West?

IMichael Hudson and Patrick Bond debate the trade posture of China, such as whether its Belt and Road initiative is capitalist or socialist

Climate Science and Financial Risk: Forging a Path to More Climate-Resilient Businesses

Is the search for better valuations of climate risks to help businesses reducing global emissions an exercise in self-delusion?

The Importance of Custody, or NATO’s Internal Gold War

Both the UK’s Government and the Bank of England have gotten suspiciously tetchy over German requests to get its gold back.

How Biden’s Huge Strategic Oil Release Could Backfire

Why Biden’s short term oil, really gas, price fix might be a flop.

Links 4/2/2022

No One Will Win in the Russia-Ukraine Conflict

Gail Tverberg argues that the war in Ukraine does not get Russia or other energy producers out of their scarity bind.

Housing Is a Human Right—Here’s How to Make It a Reality

e federal government has enables the private market to profit from housing. Time for a public option for housing?

Putin Edict on “Gas for Roubles” Consistent With Original Description (and Our Take); Western Officials Nevertheless Claim a Walkback

Putin’s gas for roubles plan was over-interpreted by foreign policy experts and media employees, and that’s working out to Russia’s advantage.