Category Archives: Commodities

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.

Oil Executives Warn G7 Price Cap Could Lead To Stranded Tankers

The more you look at the G7 Russian oil price scheme, the worse it appears.

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.

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.

“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.