Proponents of fracking, the Keystone XL pipeline, and deep-offshore production all say that these are just other forms of 'oil' and 'clean-burning natural gas,' without explaining that these forms of 'extreme energy' have significantly worse impacts on the environment, Michael Klare, a professor of peace and world security studies at Hampshire College, says in an interview with OilPrice.com.
Abenomics will likely raise prices in Japan and lower prices elsewhere, creating a deflationary effect on countries other than Japan, Karlsson argues. That may benefit Japan — but it will also hurt other economies.
Protests across Brazil have grown larger as inflation and economy woes mount.Though the protests were sparked by a bus fare increase, they now face the challenge of rallying behind a common goal.
Retail sales surged 0.6 percent last month, on the strength of auto sales and building materials. Also this week, stock prices swing wildly as core wholesale prices suggest tame inflation and manufacturing slows.