This report comes from Fin24 in South Africa.
Iran on Sunday said it has discovered a new oil field in the hydrocarbon-rich province of Khuzestan with more than one billion barrels of crude in place.
Oil Minister Gholam Hossein Nozari said the oil field held 1.1 billion barrels of sweet crude oil, of which 233 [...]

If you haven’t heard yet, you will soon. The Chrysler Building was snapped up by the Abu Dhabi Investment Council (otherwise known as the government of a foreign country). With the U.S. still sporting a current account deficit over 5% of GDP, foreign countries around the world are piling up dollar bills in [...]

In a new expose by Seymour Hersh, the New Yorker explains what the Bush administration is up to regarding Iran. Obviously, there is still time to attack Iran before Bush leaves the White House. Are they prepared to do so? Read here.

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Whether you believe that peak oil is here or you believe that it’s fantasy, ultimately your opinion rests on whether the Saudis can pump more oil. For years, Saudi Arabia has been the swing oil producer, able to turn on its oil spigots when more was needed. Back in 1998, one reason oil [...]

Barclays was successful in raising the money it needed. It was able to avoid a rights issue with the attendant problems that HBOS has faced by going cap in hand to Asia and the Middle East. In the end, it was the Qatar Investment Authority and Sumitomo Mitsui Banking Corporation who bailed out the [...]

Straight from the Senate Intelligence Report (in PDF), we find that Scott McClellan is right. The Bush Administration lies. They used obviously false information to make their case for war. This sounds an awful lot more like grounds for impeachment than the Monica Lewinsky affair.
The New York Times says:

A long-delayed Senate committee [...]

Remember when Paul Wolfowitz admitted in 2003 almost five years ago to the day that there never were any weapons of mass destruction? The Bush Administration had decided to use the WMD rationale ‘for bureaucratic reasons.’ He said, For bureaucratic reasons we settled on one issue, weapons of mass destruction, because it [...]

I was just listening to the Podcast of the Diane Rehm Show’s Friday Round-Up (real media file here) and I heard one of the three press ‘pundits’ (Eamon Javers, Eleanor Clift, and Stephen Hayes) defending the shoddy and fearful work of the White House press corps leading up to the war. Scott McClellan wrote [...]

So, you’ve probably heard about Scott McClellan’s book. The word everyone is using is “scathing.” The Bush administration says he is “disgruntled.” Irrespective of what the spin is, the fact is he was a White House insider for seven years and the Chief Spokesperson for the White House. What he says [...]

The Boston Globe had an editorial in today’s paper entitled ‘Hillary Strangelove’ about Hillary Clinton’s dangerous and outlandish saber-rattling. Recently, she said in the Pennsylvania debate that she would use “massive retaliation” against Iran for an attack on Israel. She later qualified this statement on Keith Olbermann’s show to mean in the case [...]