America Is an Empire in Decline. That Doesn’t Mean It Has to Fall.

It can seem that the United States is following the course of all empires: doomed to decline and eventual fall. America, it’s true, will never again enjoy the degree of global economic and political domination it exercised in the decades after the war. But it can, with the right choices, look forward to a future where it remains the world’s pre-eminent nation.

#BRICS #OPEC #NATO

https://www.nytimes.com/2023/09/04/opinion/america-rome-empire.html

#oil retreated sharply once more despite #SaudiArabia 's weekend plans to #cut #crude output again, with many analysts seeing the solo move as partly a reflection of disagreements within #OPEC cartel, chart @reutersMikeD bit.ly/3WNUVgp

#SamCast for 6/4/23

1. #India train crash blamed on signal error

https://apnews.com/article/dd0c82012f9e14016b58d09eb3adec2d

2. #Ukraine forces advance

https://apnews.com/article/e66bd96cbeb714dd0fa8b29ff8786746

3. #OPEC considers production cuts to raise prices

https://apnews.com/article/8d70999cb8258aebc3edbfdfcae278b7

4.#Cancer New blood test

https://www.bbc.co.uk/news/health-65775159

#News

Gold, Silver, and Crypto Prices Surge After Federal Reserve’s Quarter-Point Increase - Following a quarter-point increase in the federal funds rate by the Federal Reserv... - https://news.bitcoin.com/gold-silver-and-crypto-prices-surge-after-federal-reserves-quarter-point-increase/ #marketsandprices #federalreserve #cryptoassets #fundsrate #inflation #crudeoil #ethereum #bitcoin #market #silver #gold #opec

"#OPEC risks weakening the global economy & accelerating the transition away from #FossilFuels🛢️ if its production cuts push crude prices too high", 📈 the IEA’s Exec Director Fatih Birol warned in an interview with Bloomberg TV last week https://www.bloomberg.com/opinion/articles/2023-04-30/climate-change-oil-industry-s-unhappy-marriage-is-facing-facts

RT @dan_murphy: In Riyadh town, where oil is king,
A duel did rage ‘tween two great rings,
#OPEC and #IEA, in heated bout,
Both vying for crude market clout. #oott https://t.co/AmDyHNIRfJ

🐦🔗: https://n.respublicae.eu/anapalacio/status/1651607809815990275

Proof positive that #OPEC only cares about pumping more #oil "to fuel global economic growth and prosperity in the decades to come" regardless of the consequences: global heating to above 3°C this century and potential 'hothouse' Earth with the deaths of many millions of people.

Most important is the last paragraph in which #OPEC basically calls "for more of this precious commodity to fuel global economic growth and prosperity in the decades to come". No regard for #ClimateChange whatsoever! #ClimateEmergency #COP28 #COP28UAE #Oil #Emissions

OPEC and OPEC+, which includes Russia, de facto declare war on the #IEA (International Energy Agency), #Climate, #RenewableEnergy, #IPCC, #UN #COP28 #COP28UAE (#UAE is a leading #OPEC member) and essentially global collective security, peace and survival (see below). #ClimateWar #ClimateEmergency

@VLD

I'm laughing about the $125.00 a barrel of oil, Cryptocurrency crashing, recession hurricane market apocalypse Republicans and OPEC has been begging for on all the news networks since 2021.

Earnings report this week includes Google , Amazon and Microsoft.

Fuck OPEC and their terrorist oil trade.

#hurricane
#recession
#oil
#cryptocurrency
#stocks
#investing
#economic
#terrorists
#opec

Growing Links Between Middle East, Russia, China Pose Huge Challenge for US, Warns Former Treasury Secretary - Former Treasury Secretary Lawrence Summers has expressed concerns that a rising nu... - https://news.bitcoin.com/growing-links-between-middle-east-russia-china-pose-huge-challenge-for-us-warns-former-treasury-secretary/ #growingrelationsrussiachina #dollardominance #lawrencesummers #saudiiranchina #larrysummers #saudiarabia #middleeast #economics #russia #china #opec

A lack of #investment in #oil production in other parts of the world, combined with the elevated market share of the OPEC+ countries and inelastic #demand, has given #OPEC the ability to put a floor under prices, notes @GoldmanSachs

So, the politics of #energy transition contains two major tensions:

The shift to #electricity grids as key energy source, makes users more vulnerable to gird problems from #climatechange (specifically weather based damage of power lines & #sustainable energy facilities);

As discussed in this timeline before, many of the raw materials required (especially) for electricity storage - via #batteries at least - are controlled by a small group of countries who may take political lessons from #OPEC.

Decision of #OPEC+ to cut oil production needs to be viewed not merely in the context of global oil prices, but also the changing global geopolitical architecture. It clearly underscores the changes in Saudi Arabia’s foreign policy, argues Tridivesh Singh Maini. https://thegeopolitics.com/opec-oil-cut-the-economic-and-geopolitical-importance/

Decades after the declaration of the #informationage & the arrival of the 'weightless world' somehow we still seem to be being held to ransom by #fossilfuels producers (#OPEC) & continue to worry (rightly) about the #energycrisis.

Certainly information & communication technology (ICT) has wrought extensive global social change, but it has failed (despite its champions' hopes) to free us from the effects of #energy markets on the global economy.

Economics remains manly material not virtual

Something is brewing in the eastern front. #India’s new foreign policy pivot pitting the rupee against the #dollar to bolster exports, should be linked to the indo pacific #geopolitical pivot , #OPEC ‘s crude pricing and #China ‘s implicit support to Russia. #globestrategy

The national average for US gas prices stood at $3.51, on Monday, according to AAA. Kloza said he could see it getting up to $3.80 to $3.90 in relatively short order thanks to the move by #OPEC. #fossilfuels https://www.cnn.com/2023/04/03/energy/gas-prices-opec #inflation

Oil prices surge after OPEC+ producers announce surprise cuts… #inflation https://www.cnn.com/2023/04/02/business/opec-production-cuts/index.html #fossilfuels #saudiarabia #OPEC

BTC price double top forming? 5 things to know in Bitcoin this week - Thanks to oil production cuts to major historical resistance, amo... - https://cointelegraph.com/news/btc-price-double-top-coming-5-things-to-know-in-bitcoin-this-week #btcprice #bitcoin #dollar #opec #oil

Tranquilli: in risposta l’UE annuncerà l’urgenza di accelerare ancora la corsa per la transizione energetica… Anticipiamo la deadline per l’eliminazione totale dei combustibili fossili al 2024 e voilà, problema risolto!
RT @Bayanov74: #GoldmanSachs alza le previsioni per i future sul greggio #Brent a seguito della decisione #OPEC+ di tagliare la produzione di petrolio.. La previsione dei prezzi per Dic23 è aumentata di 5$ a 95$.. Quella per Dic24 è aumentata da 3$…

🐦🔗: https://n.respublicae.eu/ladyonorato/status/1642787599986176000