No end in sight for soaring oil prices

The best bet remains to bring sanctioned Iranian oil back to the market

No end in sight for soaring oil pricesAmerican gasoline prices have crossed the unprecedented US$5-a-gallon mark. American Automobile Association data shows prices at the pump are up roughly 60 per cent from a year ago. And prices in Canada are already more than $2 a litre. We are seeing new record prices around the world with each passing week. And no respite…

Putin’s War is redrawing the geopolitical map

Despite the sanctions, Russian oil revenues are soaring

Putin’s War is redrawing the geopolitical mapThe energy pieces on the global chessboard are altering geopolitical realities, with serious consequences. China is boosting the volume of crude oil it purchases in order to increase its strategic reserves, Reuters’ Clyde Russell reported on Friday. China, the world’s largest crude importer, is buying more oil at a point when the demand-supply balance is…

Canada, not Venezuela, the solution for U.S. energy security

U.S. should look to Canada to improve energy security instead of a hostile, oppressive government

Canada, not Venezuela, the solution for U.S. energy securityThe U.S. needs long-term solutions to replace energy imports from Russia. But rather than working to fast-track increased oil deliveries from Canada, among other negotiations, the administration of President Joe Biden is reportedly in talks to ease sanctions on Venezuela, where the government stands accused of a litany of human rights abuses. The U.S. has…

Compassion and reform, not walls, will halt the flood of refugees

The only way to stop people from fleeing their countries is to hold their governments' culpable for their citizen's suffering

Compassion and reform, not walls, will halt the flood of refugeesEven when boundaries define arbitrary lines between territories, they embody deeper symbolic, cultural, historical and religious meaning that’s often contested for legitimacy. Our belief that borders are indisputable has at times led to remarkable efforts to establish permanent barriers as statements of sovereignty and against foreign intrusion. The Great Wall of China, built for defence…

Crude oil marketplace bubble can’t last

Iran, Venezuela and Libya have virtually been forced out of production. But that hasn’t made the lives of other producers easier

Crude oil marketplace bubble can’t lastAn uneven playing field exists in the crude oil marketplace. Two major producers, Iran and Venezuela, face sanctions on their oil sales from the United States. Meanwhile, Libya is in the midst of civil strife. These circumstances mean a considerable volume of oil isn’t available to the markets. Yet the Organization of Petroleum Exporting Countries…

China represents world freedom’s greatest threat

It employs its great military, economic and seductive power to advance repression around the world

China represents world freedom’s greatest threatAs we watch the chaos on the streets of Venezuela, it’s apt to revisit the latest Human Freedom Index, published in part by the Fraser Institute. The index highlights an old danger re-emerging: authoritarian seducers, regimes that promote their model of despotism internationally through charm, money, power, bribery, threats and violence. Since the rise of…

Brain drain puts Venezuela at a further disadvantage

If 7% of the Venezuelan population has fled, that must include some of the best and brightest

Brain drain puts Venezuela at a further disadvantageWestern nations like Canada and the U.S. have watched the pressure-filled political situation in Venezuela with interest and concern. It’s a powder keg that seems ready to explode at any moment. And it may require our intervention. On one side is Venezeula’s presidential dictator, Nicolas Maduro. The former bus driver and trade unionist is a…

What CBC gets wrong about the crisis in Venezuela

The Maduro regime has inflicted massive human suffering. You wouldn't know that by watching the National

What CBC gets wrong about the crisis in VenezuelaIn the early 2000s, CBC faced charges of deep-seated left-wing bias. In recent years, it cleaned up its act and is rated centre-left by Media Bias/Fact Check, a website that rates accuracy and political bias in news media. Not unbiased but a big improvement from where it was. Yet, the CBC’s flagship National newscast recently…

Venezuela’s descent into chaos was predictable

Taking wealth from one group and giving it to others just creates misery and strife

Venezuela’s descent into chaos was predictableNicolas Maduro was recently sworn in as president of Venezuela for a second six-year term. There are no signs things will improve in the strife-torn nation during this term. His first term was marked by hyperinflation, violent repression, flight of foreign investors, shutdown of businesses, bankruptcies, riots, food shortages, mass unemployment, widespread hunger, emigration of…

Trudeau is wrong to back intervention in Venezuela

Apparently it’s wrong for Russia to interfere in U.S. or Canadian elections, but okay for the U.S. and Canada to pick Venezuela’s leader

Trudeau is wrong to back intervention in VenezuelaLast spring, much of the opposition in Venezuela boycotted a presidential election, which they lost. Canadian monitors of the election reported that they “witnessed a transparent, secure, democratic and orderly electoral and voting process” and “felt confident that the result of the elections represents the will of the majority of Venezuelans who voted.” Prime Minister…