Category Archives: Commodities

Russia Leaves Neoliberal West to Join World Majority

The sanctions against Russia and Russia’s kinetic war in Ukraine have produced great changes in and outside. But what are their implications?

Kamala Harris Serves up Crumbs in Africa as US Continues to Offer Little in Comparison to China

The US wants African minerals for its goal of becoming the world’s cleantech superpower, but it cannot compete with Beijing economically on the continent.

As Longterm Partnership With Us Fades, Saudi Arabia Seeks to Diversify Its Diplomacy – And Recent Deals With China, Iran and Russia Fit This Strategy

US policy takes a hit in the Middle East.

US Continues Its Abuse of the EU With Recent Inflation Reduction Act Agreement

The deal allows European Commission President Ursula von der Leyen to sell a breakthrough without accomplishing anything for Europe.

Interest Rate Hikes and IMF Bailouts: the US Tries to Roll Back Chinese Influence in the Global South

As higher interest rates and inflation hit developing countries, the IMF is trying to use bailout terms to sideline Beijing.

The West Goes After LNG in Mozambique Despite Regional Violence That Has Displaced Close to a Million People

The EU and US are trying to replace Russian gas and push China out of the resource-rich African nation.

Michael Hudson and Radhika Desai on Dollar Imperialism

A deep dive on the development of the dollar system.

The EV Revolution Brings Environmental Uncertainty at Every Turn

As demand for electric vehicles ramps up, environmental stumbling blocks have emerged.

US-China Struggle for DR Congo Resources Intensifies

The Democratic Republic of Congo’s estimated $24 trillion of untapped mineral resources is coveted by both the US and China as rivalry heats up.

House Committee Wraps Up Historic Investigation Into Oil Industry

A congressional panel released another round of internal oil industry documents, capping off a two-year investigation.

Bankman-Fried, Political Money, and the Crash of FTX

How FTX showering money on both parties to try to paralyze regulators.

Needed Global Financial Reforms Foregone Yet Again

The pathologies that produced the financial crisis are still circulating.

Why Supertanker Rates Are Suddenly Crashing

Very Large Crude Carrier rates have plunged to just $38,000 per day, falling some 62% from a few weeks ago.

The Diesel Crunch Is Finally Causing Demand Destruction

Diesel inventories slump to their lowest level for this time of the year since 1951.

Washington Attempts to Bully India into Cutting Ties with Russia

The US tries to coerce New Delhi into scaling back trade with Russia even if it hurts the Indian economy.