Iran’s Secret Plan to Contaminate the Strait of Hormuz
Iran could be planning to create a vast oil spill in the Strait of Hormuz, according to a top secret report obtained by Western intelligence officials. The aim of the operation is to both...
Category: Oil
Cyber-attacks Could Become as Destructive as 9/11
U.S. Defense Secretary Leon Panetta said the Pentagon and American intelligence agencies are seeing an increase in cyber threats that could become as devastating as the Sept. 11, 2001, attacks if they aren’t stopped. “A cyber...
Official reportedly claims US blames Iran hackers for cyber-attacks
A former U.S. government official says American authorities firmly believe that Iranian hackers, likely supported by the Tehran government, were responsible for recent cyberattacks against oil and gas companies in the Persian Gulf and...
Iraq wants Exxon out, Russia in
Iraq is reportedly considering replacing US oil major ExxonMobil with Russian companies in the West Qurna-1 project, as the authorities are angered by ExxonMobil’s deal signed with the Kurdistan regional government without Baghdad’s approval.
*Some Graphic Images* Hugo Chavez supports Assad, blames US
At his first press conference after his victory in last Sunday’s Venezuelan presidential election, Hugo Chavez reaffirmed his support for the Syrian government during the current unrest. Human rights groups claim that after 19...
Gasoline Prices Hit All-Time High, Twice
California motorists faced another day of record-breaking gasoline prices Sunday, though relief appeared to be on the way. In its latest update early Sunday, AAA reported that statewide average price for a gallon of...
21st Century Socialism: Anti-poverty course behind Chavez victory
It’s celebration time for Venezuela’s incumbent leader Hugo Chavez who has dominated his democrat rival in a hard-fought election battle for the country’s top job. The poll’s sky-high turnout of over 80 percent proved...
Venezuelan President Hugo Chavez wins another 6-year term
CARACAS, Venezuela – President Hugo Chavez put to rest any doubts about his masterful political touch in winning a third consecutive six-year term after a bitterly fought race against a youthful rival who has...
The Dollar, Euro, Yuan, Yen and Rupee: “currency wars”
(Reuters) – “It’s our currency and your problem,” U.S. Treasury Secretary John Connally famously said of the dollar in 1971. More than 40 years later, China is doing something about it. Fed up with what it sees...
Iranian police clash with protesters over currency plunge
(Reuters) – Riot police clashed with demonstrators and foreign exchange dealers in Tehran on Wednesday over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in...
