You are using an outdated browser. Please upgrade your browser or activate Google Chrome Frame to improve your experience.

For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser.

News & Notes

Notes on headlines and reports
Break the Old Rules

The Obama Administration is finally beginning to break its silence on the US crude oil export ban.

Until recently, the White House has refused to issue any statements regarding the long-standing ban, but, due to extreme increases in extraction volume, the Administration has apparently begun to rethink its approach. 

At Columbia University’s Center on Global Energy Policy, John Podesta, one of President Barack Obama’s most senior advisers, was asked about the administration’s thinking on crude oil exports. He said: “We’re taking an active look at what the production looks like, particularly in Eagle Ford, in Texas, and whether the current refinery capacity in the US can absorb the capacity increase to refine the product that’s being produced.” 

“We’re taking a look at that and deciding whether there’s the potential for effectively and economically utilizing that resource through a variety of different mechanisms,” he added.

»THE CRISIS IN THE CONCEPT OF THE

WORLD ORDER (IS) THE ULTIMATE

INTERNATIONAL PROBLEM OF OUR DAYS.«

Henry Kissinger,„World Order“, August 2014