North American oil markets are pulling away from foreign market because of increased domestic production. Still, OPEC producers should still hold a key stake in a changing oil game, according to the International Energy Agency.
With Europe finding new sources of natural gas, and Asian economies looking at Canadian markets, the Russian economy is starting to retreat behind the former Iron Curtain, Graeber writes.
Gas prices are at the lowest they've been since late January despite continued unease across the Middle East. Much of the decline in gas prices is part of the seasonal change in supply and demand, but it also reflects a shifting global oil market.
Sen. John McCain has slammed Russia's President Putin. But all sides are guilty in perpetuating the conflict in Syria. Chemical weapons are repugnant, but the more urgent need is to tamp down on the flow of conventional weapons from all sides, which is fueling Syria's civil war.
It's important to remember that the source of information about Syria's rebels is as important as the information itself.
President Obama is willing to push for a deal in which the international community would verifiably secure Syria's chemical weapons. That course will be difficult to pursue. But it is doable. Here's what's required.