Background On September 22, 2022 at a House of Representatives’ hearing, Rep. Rashida Tlaib asked JPMorgan Chase CEO Jamie Dimon, “Please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products.” Dimon responded, “Absolutely not and that would be the … Continue reading
Category Archives: Government
Green Hydrogen
A World Without Oil It’s no secret that the probability of nuclear war between the U.S. and Russia is higher than at any time since the 1962 Cuban Missile Crisis. . Presidents Biden and Putin have said so. But if fossil fuels, particularly oil, cease to be used, there would … Continue reading
Elements of Confrontation
Fear of being overpowered, greed, lust for power, nationalism, ethnic scorn, and past wars are of course common seeds of confrontation. However, they all pale compared to the need for all countries, including the U.S., Europe, China and India, to have guaranteed access to the world’s largest oil and gas … Continue reading
The Players
Top Ten Economies, Real Gross Domestic Product (GDP) Real GDP Manufacturing Manufacturing Trillions $ Percent Trillions $ United States 20.94 11 2.30 China 14.72 27 3.97 Japan 5.05 20 1.01 Germany 3.84 18 0.64 United Kingdom 2.08 9 0.19 India 2.66 14 0.37 France 2.63 9 0.24 … Continue reading
Historical Record
Breton Woods Roots In 1944, with the approaching defeat of Germany all but certain, representatives of forty-four nations met in Bretton Woods, New Hampshire to create a new international monetary system. This Bretton Woods System, which became fully operational in 1958, was essentially a mechanism to settle international accounts in … Continue reading
Incipient Changes
The world is changing, and the speed and scope at which it is doing so in terms of economic and military dominance has not been seen in centuries. For starters, gone are the days when Saudi Arabia was unquestionably in sync with the needs and wants of the U.S. The … Continue reading
Chinese Navy – DOD 2022 Report
Excerpt from the 2022 China Military Power Report to Congress PEOPLE’S LIBERATION ARMY NAVY (PLAN)Key Takeaways• The PLAN is numerically the largest navy in the world with an overall battle force of approximately 340 ships and submarines, including approximately 125 major surface combatants. As of 2021, the PLAN is largely … Continue reading
The Ukrainian Crisis II
January 9, 2022 Background On December 7, 2021 (Pearl Harbor Day) the White House released a readout of the video call between Presidents Biden and Putin. On December 15, 2021 Presidents Putin and Xi reportedly cemented ties between Russia and China. According to the Kremlin, the latter backed Russia’s push … Continue reading
The 2022 Ukraine Crisis
January 1, 2022 Background In just a few days representatives of the United States and the Russian Federation will meet to discuss the latter’s demand (bordering on an ultimatum) for a guarantee that the Ukraine will not ever be admitted to NATO. To be sure, there are other elements to … Continue reading