Friday, 5 June 2015

Some Countries Benefit From Low Prices

In any economic battle, there are winners and losers—and an oil price war is no different. As the cost of crude plummets, countries that depend on agriculture are the clear winners. 

The Gulf States vs. The Frackers

Desperate to regain control of the oil market, Saudi Arabia, Kuwait, and the United Arab Emirates are deliberately engaging in a price war to eliminate their new US hydraulic fracturing (“fracking”) competitors. 

Iran And Venezuela Unite To Neutralize The Threat

Meeting in Tehran in early 2015, the presidents of Iran and Venezuela stood side by side, vowing to “neutralize” the threat of plunging oil prices. The statement was a thinly veiled swipe at fellow OPEC member Saudi Arabia, which hasn’t supported coordinated production cuts to drive up the price of crude oil.

Richard Nixon | Pakistani Genocide Of Bangladesh

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In 1971, tensions were flaring between the military government of Pakistan and the government of India. India and Pakistan have had issues for centuries, but due to increasing problems between the countries, there seemed to be war on the horizon. 

Thursday, 4 June 2015

The Brazilian Atlantis

The legendary lost continent of Atlantis has captured the imagination of generations of explorers, with many wishing they could make a discovery that would turn myth into reality.