The oil price spike, driven by instability in the Middle East, has the potential to cause repercussions in the U.S. housing market, according to Barclays‘ Luca Ricci. The simple reason why a rise in crude prices could tank the housing market is that it has done it before. From Barclays’ Luca Ricci (emphasis ours): The […]
Heavy fighting reached Tripoli Sunday morning as Muammar Qaddafi’s sons led a massacre of civilians, including women and children, and attacked ambulances carrying wounded rebels. Opposition forces have downed more Libyan air force planes and have captured tanks and heavy weapons as many soldiers defect. [youtube o4cbRM31N3M nolink] Oil has become the focus of battles […]
As Americans continue to feel the effects of President Obama’s anti-oil agenda at the pump, defensive liberals are circling back to a familiar line of counter-attack: blame Bush. The media vacuum on gas prices has made this line of attack all the more promising with very little national coverage being given to the president’s destructive […]
Award-winning journalist Arnaud de Borchgrave tells us that the increasingly volatile situation in the Middle East could push the price of oil quickly to $300 or even $400 a barrel. De Borchgrave, who has interviewed Moammar Gadhafi six times, also says the Libyan leader is manic-depressive who is going through a manic phrase where he […]
The Obama Administration hasn’t had their boot on the neck of just BP but also the entire Gulf economy. Federal Judge Martin Feldman is now doing the same to the Obama Administration. A few weeks after Feldman held the Interior Department in contempt of court for ignoring his ruling to put an end to the […]
Autocracies are under assault throughout the Middle East, but in Venezuela, Hugo Chavez remains sanguine and expects to steer his country into socialism. Venezuelan students have launched a hunger strike against his rule and have appealed to the Organization of American States and its head Jose Miguel Insulza to look into human rights abuses by […]
Baghdad (AP) – Iraq is delaying the purchase of 18 American fighter jets over budget problems and has decided to funnel the money into food for the poor instead, said the Iraqi government spokesman Monday. Iraq, like, many Middle Eastern countries in the wake of the uprisings in Tunisia and Egypt, is under pressure to […]
Following the initial euphoria in the U.S.about the achievement of freedom in Egypt, columnists are now warning that the medium- and long-range prognosis does not bode well – neither for Egypt, nor for the West. Writing for JewishWorldReview.com, author Prof. Waller R. Newell of Carleton University in Ottawa says that historically, “the initial reformist phase of [revolutions such […]
President Hosni Mubarak continues facing enormous pressure to step down from power. As rioting continues, a host of otherwise disparate interest groups unite in their opposition to the president. With U.S. and Middle East geopolitics contingent upon what happens in Egypt, in a recent podcast Heritage expert Jim Carafano gives his insight as to what […]
As a rising international power, Brazil under President Luiz Inacio Lula da Silva outlined a comprehensive national defense plan aimed at controlling and defending national territory, extending its maritime reach, and developing cutting-edge defense technology. The plan calls for reorganization of the army, air and space capabilities to cover Brazil’s extensive territory (including the Amazon), […]
