Debunking the Petrodollar Myth: Pricing Oil in Dollars Is Just a Convention
The term petrodollar has come to have talismanic value. Time to instill some reality.
Read more...Category Archives: Commodities
Collateral Damage From Higher Interest Rates
Why to be wary of Larry Summers selling another Volcker-type “kill the economy to save it” interest rate jihad.
Read more...“Nikkei-Owned Financial Times Begins to Crack on Sanctions”
Some serious whinging from Japan about the supposedly new and improved oil and gas sanctions on Russia.
Read more...The Grain Giants Have Made a Bonanza from Hunger. Time to Take Them Apart
The global food system, heavily influenced by the big grain companies, needs an overhaul to allow diverse crops, producers and supply routes
Read more...A Disordered World – Part 3: Pathways
Satyajit Das’ final post on where the world order is headed.
Read more...Biden Administration Doubles Down on Sanctions Self-Harm: China Chip Export Ban, Possible Russia Aluminum Sanctions, All Systems Still Go with Russian Oil Price Cap
The sanctions war situation has developed not necessarily to America’s advantage.
Read more...Experts: U.S. LNG Growth Could Slow Next Year
Too many are putting their eggs in the LNG basket.
Read more...EU Imposes Secondary Sanctions on Russian Steel in Eighth Sanctions Package. Is Türkiye the Target?
the EU using an obscure steel secondary sanction to whack Türkiye?
Read more...The U.S. Is Preparing Its Response to the “Short-Sighted” Strategy of OPEC+
The US is having a hissy over the OPEC+ production cut. Not a good look.
Read more...Is the Energy Transition Taking Off—or Hitting a Wall?
Why, as they say in Maine, you can’t get get there from here as far as our green energy plans are concerned.
Read more...Oil Traders Are Cashing In on Volatile Markets
Oil traders, including the trading desks of the big oil companies, continue to trade in Russian hydrocarbons and are making extraordinary profits.
Read more...More Fallout From the Nord Stream Pipeline Attacks
By Conor Gallagher Yves wrote yesterday about what the Russian response might be to the Nord Stream attacks. I wanted to touch on a few other potential consequences I’ve come across, and as there are no doubt more, hope to see them in comments. Economic Catastophre in Europe Now Certain There were questions in Washington […]
Read more...Michael Hudson on The Euro Without Germany
Conor: Germany’s swift demise reminds me of the German intelligence agent Bachmann in “A Most Wanted Man.” He’s led to believe he’s operating on an equal level with CIA and British intelligence only to realize too late he was being played the whole time. Hudson gets to the bottom of what Germany’s downfall will mean […]
Read more...Michael Hudson on Student Debt Relief, Inflation, Ukraine Disaster Capitalism, Petrodollar Challenge
Michael Hudson gives a newswap with Ben Norton: student debt forgiveness, inflation, Ukraine, dollar rows, and the death of the Queen
Read more...Can the U.S. Kick Its Reliance on Russian Uranium?
Ukraine is pushing for sanctions on Russian uranium. Thorium isn’t ready for prime time, so sanctions put further pressure on energy markets.
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