The intricate relationship between energy markets and our global financial system, can be traced back to the emergence of the petrodollar system in the 1970s, which was mainly driven by the rise of the United States as an economic and political superpower. For almost twenty years, the U.S. was the world’s only exporter of petroleum. […]
After a massive oil find in Syria’s Golan Heights, occupied by Israel since 1967, Israel is asking President Obama to recognise its annexation of the territory, writes Jonathan Cook. To consolidate its hold, plans are afoot to quadruple Israeli settler numbers to 100,000.