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TomDispatch

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In mid-August, TomDispatch’s Michael Klare wrote presciently of the oncoming global oil glut, the way it was driving the price of petroleum into the “energy subbasement,” and how such a financial “rout,” if extended over the next couple of years, might lead toward a new (and better) world of energy. As it happens, the first... Read More
Why an Oil Glut May Lead to a New World of Energy
The plunge of global oil prices began in June 2014, when benchmark Brent crude was selling at $114 per barrel. It hit bottom at $46 this January, a near-collapse widely viewed as a major but temporary calamity for the energy industry. Such low prices were expected to force many high-cost operators, especially American shale oil... Read More
On July 14, 2011, at TomDispatch, Bill McKibben wrote that he and a few other “veteran environmentalists” had issued a call for activists to descend on the White House and “risk arrest to demand something simple and concrete from President Obama: that he refuse to grant a license for Keystone XL, a new pipeline from... Read More
It isn’t the best of times for the American Arctic and let me explain why. The world is in the midst of an oil glut. In the last year, oil prices bottomed out before rising modestly. A NASA study just offered the news that a massive ice shelf in Antarctica, half the size of Rhode... Read More
Welcome to the asylum! I’m talking, of course, about this country, or rather the world Big Oil spent big bucks creating.You know, the one in which the obvious -- climate change -- is doubted and denied, and in which the new Republican Congress is actively opposed to doing anything about it. Just the other day,... Read More
The Real Story Behind the Oil Price Collapse
Many reasons have been provided for the dramatic plunge in the price of oil to about $60 per barrel (nearly half of what it was a year ago): slowing demand due to global economic stagnation; overproduction at shale fields in the United States; the decision of the Saudis and other Middle Eastern OPEC producers to... Read More
How Energy Coordination on One Continent Could Bring the Planet to Its Knees
It’s a ritual long familiar to observers of American politics: presidential hopefuls with limited international experience travel to foreign lands and deliver speeches designed to showcase their grasp of foreign affairs. Typically, such escapades involve trips to major European capitals or active war zones like Iraq and Afghanistan. New Jersey Governor Chris Christie, however, has... Read More
Don’t think for a minute that this president isn’t proud of his climate-changing energy program. To be clear, however, I don’t mean his efforts to check the advances of climate change. Consider the introduction to the new U.S. National Security Strategy (NSS) his administration unveiled last week. It’s a 29-page document filled with the usual... Read More
How Big Oil Is Responding to the Anti-Carbon Moment
Around the world, carbon-based fuels are under attack. Increasingly grim economic pressures, growing popular resistance, and the efforts of government regulators have all shocked the energy industry. Oil prices are falling, colleges and universities are divesting from their carbon stocks, voters are instituting curbs on hydro-fracking, and delegates at the U.N. climate conference in Peru... Read More
The Grand Oil Party Takes Washington by Storm
Pop the champagne corks in Washington! It’s party time for Big Energy. In the wake of the midterm elections, Republican energy hawks are ascendant, having taken the Senate and House by storm. They are preparing to put pressure on a president already presiding over a largely drill-baby-drill administration to take the last constraints off the... Read More
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From Carter to the Islamic State, 35 Years of Building Bases and Sowing Disaster
With the launch of a new U.S.-led war in Iraq and Syria against the Islamic State (IS), the United States has engaged in aggressive military action in at least 13 countries in the Greater Middle East since 1980. In that time, every American president has invaded, occupied, bombed, or gone to war in at least... Read More
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Global Conflicts Are Increasingly Fueled by the Desire for Oil and Natural Gas -- and the Funds They Generate
Iraq, Syria, Nigeria, South Sudan, Ukraine, the East and South China Seas: wherever you look, the world is aflame with new or intensifying conflicts. At first glance, these upheavals appear to be independent events, driven by their own unique and idiosyncratic circumstances. But look more closely and they share several key characteristics -- notably, a... Read More
Call it a double whammy for the planet or simply irony with a capital “I.” As the invaluable Michael Klare, TomDispatch regular and author of The Race for What’s Left, points out today, if you scan the planet for conflict, what you’ll find from Syria and Iraq to the South China Sea are a series... Read More
Imagine the president, speaking on Iraq from the White House Press Briefing Room last Thursday, as the proverbial deer in the headlights -- and it’s not difficult to guess just what those headlights were. Think of them as Benghazi on steroids. If the killing of an American ambassador, a Foreign Service officer, and two CIA... Read More
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Insurgency and War on a Sea of Oil
Events in Iraq are headline news everywhere, and once again, there is no mention of the issue that underlies much of the violence: control of Iraqi oil. Instead, the media is flooded with debate about, horror over, and extensive analysis of a not-exactly-brand-new terrorist threat, the Islamic State of Iraq and Syria (ISIS). There are,... Read More
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The Shaping Event of Our Modern World
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