Despite historically high demand for oil, inventories have never been higher, and experts say oil prices are likely to drop back into the $20 per barrel range soon.
OPEC’s current president, Qatar’s energy minister Mohammed bin Saleh Al Sada, announced Monday that the oil cartel will hold “informal” side meetings at the International Energy Forum in Algeria in late September. Not surprisingly, the topic will once again be “cooperation” among the disparate and increasingly desperate members to restrict production in efforts to force oil prices higher.
The United Nations has produced several "research" papers predicting that soon it will be too hot to do any labor-intensive work.
Since the crude oil export ban was lifted last December, exports increased seven times previous levels in the first three months of 2016: a lesson in free markets.
During a series of tests of the new ballistic missile defense interceptor conducted by the Pentagon’s Missile Defense Agency from 2010-2016, the interceptors missed their targets several times.
In addition to the devastating blow dealt to globalism generally, the historic British “Brexit” vote to exit the European Union could have far-reaching implications for the United Nations “climate” regime. Concocted in Paris last year by the UN and its member governments, the controversial deal is unprecedented in terms of its full-blown promotion of regional governments such as the EU as crucial players in imposing the international agenda. But with Brexit, that gamble has turned against the globalists, and now they are scrambling to save face amid a victorious “leave” campaign led largely by climate skeptics and realists.
The UN Office for Outer Space Affairs is in talks with Colorado-based Sierra Nevada Corporation to provide an infrastructure giving the UN access to outer space.