Many complicated factors contribute to the global price of a barrel of oil, but two of the leading components are supply and risk—and both have the potential to escalate in the days ahead. The current region-wide sectarian war could easily bump oil prices up dramatically. And, the expected nuclear deal with Iran could drop them—dramatically.
After years of rising gasoline prices, people are puzzled by the recent drop that has a gallon of gas at levels not seen in nearly four years. Typically in times of Middle East unrest, prices at the pump spike, yet, despite the violence in Iraq and Syria, gallon of gas is now at a national average of $3.
On September 23, representatives from 190 nations will gather at the Climate Summit 2014 at United Nations headquarters in New York City, including 125 heads of state. President Obama and other world leaders will attend to discuss the urgent problem of climate change, seeking common ground in preparation for a “meaningful global agreement in 2015.” At the same time, Europe is threatened by conflict in Eastern Ukraine and ISIS beheads US citizens in the Middle East.
Thought experiment: Imagine a world in 2001 in which the Cold War was still raging. Imagine a world in which Soviet Communism was still on equal global footing with the United States. Would Osama bin Laden have directed his soldiers to fly planes into the Kremlin? The question answers itself.
President Obama insists that religion, let alone Islam, has nothing to do with the terrorist threat ISIS poses to Americans and all freedom-loving people. But his secretary of state says religion, and Islam, is wholly relevant in the fight against global warming. Top. Men.
At Senator Harry Reid’s seventh National Clean Energy Summit held in Las Vegas on Thursday, September 4, Hillary Clinton said: “This is the most consequential, urgent, sweeping collection of challenges we face as a nation and a world.” She wasn’t talking about ISIS or the growing terrorist threat, but about climate change.
Newt Gingrich’s recent article on CNN asks “What Would Reagan Do About ISIS?” Writing a “speech” from the perspective of Ronald Reagan as if he was still president, Gingrich seeks to show a more assertive, commanding response to the massive unrest in Iraq and Syria. The relative merits of Gingrich’s Reagan’s speech are not worth all that much consideration (In a nutshell, it calls for swift action against the militants, and generally damns the present policy). What is of interest is the strange phenomenon the article reveals about a large section of the American right wing today: dogmatic Ronald Reagan worship.
The idea from John Kerry is that CO2-induced warming is an imminent national security threat. So he is saying the increase of one molecule of CO2 per 10,000 molecules of air in the last 100 years is a threat on par with what is going on in the Middle East? How can that even be close. The real threat when it comes to CO2 is the agenda that paints it as a threat. One, it makes us more reliant on an unstable area of the world. Two, the policies limiting its use starve the lifeline of our economy. As I have opined before, it’s the global warming agenda that is the major threat, not global warming.
President Obama on Wednesday slightly delayed his afternoon tee time to speak about the monstrous beheading of American journalist James Foley by ISIS. It was an underwhelming address from the Leader of the Free World who finds the crown so heavy and bothersome that he puts it down aside the putting green.
So much blood and treasure was wasted during the long occupation in Iraq that there was a sigh of relief across America when the troops finally left. Yet the end of the American presence has resulted in chaos. Islamist extremists in recent days have been making gains against the Iraqi military, seizing several towns, including the city of Mosul. The sheer rapidity of the collapse of law and order in Iraq led to a lot of hand-wringing in the White House. President Obama finally decided to send a few hundred troops to bolster the beleaguered regime of Prime Minister Nouri al-Maliki. This choice will only serve to further diminish the status of the United States in the region.