The energy industry continues to have huge amounts of influence on our lives. Special interest groups with a focus on energy have influence on a domestic level. Meanwhile, from a foreign policy angle, countries like Saudi Arabia and Russia wield additional geopolitical and economic power because of their natural resources. It's even arguable that everything from the Gulf War to the more recent Middle East interventions in Libya, Syria, and Iraq have been at least partially to do with oil.
"I am doubtful that the price of oil can rise very high, for very long. Our oil price problem is part of a much larger problem. Once we understand the reason for our low-price problem–diminishing returns and the economy’s tie to the use of energy - it is clear that there is no way out of the problem over the longer term."
"If Everybody's Watching, You Know, All Of The Back Room Discussions And The Deals, You Know, Then People Get A Little Nervous, To Say The Least. So, You Need Both A Public And A Private Position" - Hillary Clinton
“This was locker room banter, a private conversation that took place many years ago... [Former President] Bill Clinton has said far worse to me on the golf course - not even close. I apologize if anyone was offended."
Largely out of the headlines, the ongoing protest on Standing Rock is shining a bright light on how the big-moneyed interests with political clout steamroll the disadvantaged in order to get what they need. But in a rare David-vs-Goliath standoff, the Sioux tribespeople of Standing Rock Reservation are learning that they are not powerless.
The United States and its negotiating partners agreed "in secret" to allow Iran to evade some restrictions in last year's landmark nuclear agreement in order to meet the deadline for it to start getting relief from economic sanctions. Which means Obama lied: the U.S. administration has said that the world powers that negotiated the accord - the United States, Russia, China, Britain, France and Germany - made no secret arrangements.
A few short months after Iran publicly demonstrated the arrival of Russian S-300 missile systems, overnight Iran's state media reported that Tehran has deployed the Russian S-300 surface-to-air missile defence system around its Fordow underground uranium enrichment facility. Iranian state TV on Sunday aired footage of deployment of the recently delivered missile system to the nuclear site in the central Iran.
One year into the nuclear deal, two credible and timely intelligence reports reveal that Iran has no intention of honoring the terms of the deal, which, anyway, it never signed. Germany's domestic intelligence agency revealed that the Iranian government has pursued a "clandestine" path to obtain illicit nuclear technology and equipment from German companies "at what is, even by international standards, a quantitatively high level." What has been President Obama's reaction to these crucial intelligence reports? Silence.
Clinton Cash investigates how Bill and Hillary Clinton went from being “dead broke” after leaving the White House to amassing a net worth of over $150 million, with over $2 billion in donations to their foundation.