From previously challenging the “tyranny of oil,” newly inaugurated U.S. President Barack Obama enters his second term in office as leader of a potential oil and gas superpower. According to BP’s Energy Outlook 2030, unconventional sources will make the United States virtually energy self-sufficient by 2030, largely thanks to the shale gas revolution. “The U.S. will likely surpass Russia […]
The world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the DavosWorld Economic Forum (WEF), though so far inflation fears seem overdone. With developed world government finances constrained by huge debts and deficits, central banks have pumped trillions of dollars into the system to try to […]
DIPLOMACY is dead. Effective diplomacy — the kind that produced Nixon’s breakthrough with China, an end to the Cold War on American terms, or the Dayton peace accord in Bosnia — requires patience, persistence, empathy, discretion, boldness and a willingness to talk to the enemy. This is an age of impatience, changeableness, palaver, small-mindedness and an unwillingness […]
Weaken the yen: That has been a desperate plea by the captains of Japanese industry for years as the strong currency has hurt such exporters as Sony and Toyota. Reversing the yen’s rise was a major goal of Liberal Democratic Party leader Shinzo Abe during his successful campaign against incumbent Prime Minister Yoshihiko Noda last month. Sure […]
Killing Osama bin Laden (or rather, signing off on the ongoing military operation that killed him) might have given Barack Obama a great electoral pitch, but what exactly did it accomplish for the security of the United States and its interests? Al-Qaeda is back – big time. As a man who knew something about indefatigable […]
oday’s Russia is a strange paradox. The country and its people are better off than at any time since at least the Bolshevik Revolution. But its great financial wealth coexists with remarkable weakness. True, it still has a large army and a nuclear arsenal capable of ending life on Earth. But by most measures of modern power, Russia is a lightweight. It has almost no influence in the world […]
While the world looks on, France’s political class has come to an agreement on the principle of military intervention in northern Mali against a coalition of “Islamists,” “jihadists” and extremists. Those critical of the French government for going it alone concede that the decision to take action is “just”. French President Francois Hollande, who appeared […]
While Japan’s dispute with China over the Senkaku/Diaoyu islands has been notable for a number of reasons — mostly negative — one of the few positive elements has been the refusal of either side to send in the military. That may have changed with the recent deployment of Chengdu J-10 and Mitsubishi/Boeing F-15 fighter aircraft after a Chinese […]
China’s growth rebound may be capped by a labor-force squeeze and shrinking resources that leave the government satisfied with rates of expansion as low as half the peak during the past decade. A pace of 7 percent to 8 percent reflects economic forces, Ma Jiantang, head of the National Bureau of Statistics, said on Jan. 18 after reporting […]
When Barack Obama held his first prime-time news conference as president, the financial crisis was at its peak and not a single Republican had voted for his economic stimulus bill. So he pleaded for their partnership. “I am the eternal optimist,” he said Feb. 9, 2009 in the East Room of the White House, wearing […]
looking beyond borders 