Wednesday, October 17, 2018

Tag: Canada

The Transatlantic Trade Deal TTIP May Be Dead – Something Even Worse Is Coming

Is it over? Can it be true? If so, it’s a victory for a campaign that once looked hopeless, pitched against a fortress of political, corporate and bureaucratic power. TTIP – the Transatlantic Trade and Investment Partnership – appears to be dead. The German economy minister, Sigmar Gabriel, says that...

Shipping giant’s bankruptcy could have terrifying ripple effects on the economy

LOS ANGELES (AP) — The bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion, with giant container ships marooned and merchants worrying whether tons of goods will reach their shelves. The South Korean giant filed for bankruptcy protection on Wednesday and stopped accepting...

Canada Judge Rules That Police Entrapped Couple in Bomb Plot

OTTAWA — A Canadian couple who planted what they believed were pressure-cooker bombs outside British Columbia’s legislature in 2013 were freed on Friday after a judge ruled that they had been entrapped by the Royal Canadian Mounted Police. The couple, John Stuart Nuttall and Amanda Marie Korody, are recovering drug...

Europe’s Loss Is NATO’s Gain

Britain is about to have more money and manpower to pour into the West’s military alliance -- and more motivation to do so. The people have spoken, and United Kingdom will leave the European Union. The United States and Europe will be confronted with a raft of bad news that...

China Goes Prospecting for World’s Gold Mines

Hunt by Chinese companies for overseas deals could make China an even bigger player in the global gold market. Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16%...

Foreign governments dump U.S. debt at record rate

Foreign governments are dumping U.S. debt like never before. In a bid to raise cash, foreign central banks and government institutions sold $57.2 billion of U.S. Treasury debt and other notes in January, according to figures released on Tuesday. That is up from $48 billion in December and the highest...

LNG Buyers Gaining Increasing Leverage over Sellers in Coming Years

The growing oversupply in LNG export capacity has weighed on prices for the key market in Asia, pushing spot prices down by about two-thirds in less than two years. Excess supplies will likely kill off an array of LNG export terminals that have not yet moved forward with final...

Growth in domestic natural gas production leads to development of LNG export terminals

The first export shipment of liquefied natural gas (LNG) produced in the Lower 48 states on February 24 is a milestone reflecting a decade of natural gas production growth that has put the United States in a new position in worldwide energy trade. With the rapid growth of supply from...

Saudi Oil Minister: Production Cut is Not Going to Happen

Cheap oil will last a while longer, as Saudi Arabia makes clear it’s not going to take it on the chin to save beleaguered U.S. producers. Low oil prices will be a fixture of the world economy for at least the next year, as the big oil producers inside OPEC...

Non OPEC Oil Production To Collapse In 2016

The IEA Oil Market Report, full issue, is now available to the public. Some interesting observations: Non-OPEC oil supplies are sharply lower in December. Overall supplies are estimated to have slipped by more than 0.6 mb/d from the month prior, to 57.4 mb/d. A seasonal decline in biofuel production, largely...

The Oil Pricequake

Tomgram: Michael Klare, The Look of a Badly Oiled Planet When it comes to news about Saudi Arabia, the execution of an oppositional Shiite cleric, Nimr al-Nimr, has topped the headlines recently -- and small wonder. Aging King Salman bin Abdulaziz al-Saud and his 30-year-old son, Deputy Crown Prince Mohammed...

Has a Currency Collapse Already Started?

Yesterday, oil plummeted to its lowest level in nearly seven years... The price of oil fell 6.2% to $37.65, its lowest level since February 2009. Oil has now fallen an incredible 65% since peaking at $106 in June 2014. The world has a massive oil surplus right now. The oil stockpiles...

Iran’s Even More Tempting for Big Oil After Price Crop

The world is awash in crude, but big oil companies are lining up to develop new fields in Iran even as they slash spending and abandon exploration elsewhere. One thing explains this paradox: cost. The Middle Eastern country is one of the cheapest places in the world to tap new...

The Commodity Currency Plunge Is Making the Oil Crash Even Worse

Crude bulls, stung by the worst July on record, should expect further pain as slumping commodity currencies cut production costs. Drillers from Russia to Canada, the world’s second- and fourth-biggest oil producers, sell crude in U.S. dollars while paying most operating costs in local currencies. The Canadian dollar dropped to...

China’s Global Ambitions, Cash and Strings Attached

EL CHACO, Ecuador - Where the Andean foothills dip into the Amazon jungle, nearly 1,000 Chinese engineers and workers have been pouring concrete for a dam and a 15-mile underground tunnel. The $2.2 billion project will feed river water to eight giant Chinese turbines designed to produce enough electricity...

Prices Are Down, but Saudis Keep Oil Flowing

HOUSTON — The international cartel of oil producers has long followed the same basic strategy. When the market was soft, the group slashed production to raise prices. But Saudi Arabia, the heavyweight of the Organization of the Petroleum Exporting Countries, has a new agenda. It is now less concerned about...

Cash Flowed to Clinton Foundation Amid Russian Uranium Deal

The headline on the website Pravda trumpeted President Vladimir V. Putin’s latest coup, its nationalistic fervor recalling an era when its precursor served as the official mouthpiece of the Kremlin: “Russian Nuclear Energy Conquers the World.” The article, in January 2013, detailed how the Russian atomic energy agency, Rosatom, had...

The Most Outrageous Fraud Ever Perpetrated on the Canadian People

“Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.” —William Lyon Mackenzie King, Prime Minister of Canada, 1935 Powell River, BC. You know the old aphorism – “If a tree falls in the...

Canada sells uranium to India in breakthrough deal

Ottawa: Canada's prime minister announced a breakthrough deal Wednesday to supply uranium to India for electricity generation, putting behind decades of discord over India´s surreptitious use of Canadian technologies to build atomic bombs. The agreement was signed in Ottawa during a visit by Indian Prime Minister Narendra Modi -- the...

The U.S. Military’s Battlefield of Tomorrow

Years ago, Chalmers Johnson took a term of CIA tradecraft, “blowback,” and put it into our language. Originally, it was meant to describe CIA operations so secret that, when they blew back on this country, Americans would be incapable of tracing the connection or grasping that the U.S. had anything to do with...

Canada reveals it’s actively considering joining China-led Asian bank AIIB, despite U.S. reservations

OTTAWA - Canada broke its silence on Tuesday over whether it would take part in the China-led Asian Infrastructure Investment Bank, signalling it was actively considering joining the institution despite U.S. and Japanese reservations. A senior Canadian finance official revealed the stance to reporters ahead of meetings in Washington of...

The Bank of International Settlements (BIS): Meet The Secretive Group That Runs The World

Over the centuries there have been many stories, some based on loose facts, others based on hearsay, conjecture, speculation and outright lies, about groups of people who “control the world.” Some of these are partially accurate, others are wildly hyperbolic, but when it comes to the historic record, nothing...

Taiwan to Apply to Join China-Led Development Bank

Questions over Taiwan’s membership name could complicate any deal; Japan, Canada allow deadline to pass. TAIPEI—Taiwan said it would opt in while Japan and Canada stayed on the sidelines as a deadline passed Tuesday for joining a China-led development bank, though signals from Taiwanese officials that Taipei would set conditions...

Arctic Nightmares

If Sarah Palin were president, we’d know just what it was: a drill-baby-drill administration. Of course, there’s no mama grizzly in the White House, yet these last years have been a grizzly tale of the expansion of American oil and natural gas exploration and drilling from the fracking fields...

China Cuts Interest Rates, Takes Number Of Central Banks Easing In 2015 To 21

And then there were 21. Hours ago on Saturday, the country whose currency is largely pegged to the dollar which itself is now anticipating a rate hike in the coming months, surprised the world by confirming its economic slowdown yet again following a recent rate cut just this past November...

From Energy War to Currency War: America’s Attack on the Russian Ruble

A multi-spectrum war is being waged against Moscow by Washington. If there are any doubts about this, they should be put to rest. Geopolitics, science and technology, speculation, financial markets, information streams, large business conglomerates, intelligentsia, mass communication, social media, the internet, popular culture, news networks, international institutions, sanctions,...

Why OPEC Will Tolerate Cheap Oil

Despite falling oil prices, the Organization of Petroleum Exporting Countries (OPEC) voted on November 27th not to cut production in order to boost prices. The key to this decision appears to have been the attitude of Saudi Arabia, which has long been the first among equals in the coalition....

China, Russia and the waning demand for Canadian oil

After closing gigantic supply deals with Russia, does China still need Canadian production? The international oil trading business with its complex contractual underpinnings, expensive infrastructure requirements and protracted time horizons has never been for the faint of heart. Required is not only imagination, perseverance, immense cash reserves, and co-operative governments,...

Energy and American Power

Energy is a profoundly important aspect of U.S. national security and foreign policy: the availability of reliable, affordable energy is essential to economic strength at home, which is the foundation of U.S. leadership in the world. Scarce resources have driven both commerce and conflict since time immemorial -- and...

Firms Aided Libyan Spies

First Look Inside Security Unit Shows How Citizens Were Tracked. TRIPOLI - On the ground floor of a six-story building here, agents working for Moammar Gadhafi sat in an open room, spying on emails and chat messages with the help of technology Libya acquired from the West. The recently abandoned room...

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