The Oil Drum | Total Production by the Top Five Oil Majors Has Fallen by a Quarter Since 2004

This is a guest post by Matthieu Auzanneau, a freelance journalist in France, author of the Oil Man blog at Le Monde, where this post first appeared. The combined crude oil production of the five main international oil companies (Exxon, BP, Shell, Chevron and Total) hit an historic high in 2004. Since then, it has fallen by 25.8%, despite large increases in investments. via Seguir … Seguir leyendo The Oil Drum | Total Production by the Top Five Oil Majors Has Fallen by a Quarter Since 2004

Spain’s “Inverse Austerity” Leads To Multi-Year High Budget Deficit | Zero Hedge

For a country that laments the imposition of draconian "austerity" measures, now allegedly in their third year, which have so far seen government revenues slide, while spending rises, Spain sure has a problem with figuring out how it is supposed to work. Yet while the world was shocked back in December 2011 when Spain quietly announced its budget deficit would jump from 6% to 8.5%, … Seguir leyendo Spain’s “Inverse Austerity” Leads To Multi-Year High Budget Deficit | Zero Hedge

¿Por qué basar todo en el crecimiento? contestación a Vicenç Navarro | Grupo de Energía y Dinámica de Sistemas

El pasado 6 de febrero Vicenç Navarro, respetado sociólogo y catedrático de Ciencias Políticas y Sociales, publicaba un artículo en El País titulado Las pensiones no están en peligro en el que criticaba a “aquellos que concluyen que el sistema público de pensiones en España no es viable como consecuencia de la transición demográfica” e indicaba que el incremento de la productividad, el crecimiento económico … Seguir leyendo ¿Por qué basar todo en el crecimiento? contestación a Vicenç Navarro | Grupo de Energía y Dinámica de Sistemas

Agricultura: El gran capital se apropia de tierras en Europa | Presseurop.eu: actualidad europea, viñetas y revistas de prensa

“Grandes compañías, especuladores, adinerados extranjeros y fondos de pensiones están ‘apropiándose’ de grandes extensiones de terreno en Europa, de manera similar a como lo hacen en países en desarrollo”, así arranca The Guardian un artículo que subraya los resultados de un nuevo informe sobre la propiedad de las tierras de cultivo Las investigaciones, llevadas a cabo por varias organizaciones, entre ellas el Transnational Institute y … Seguir leyendo Agricultura: El gran capital se apropia de tierras en Europa | Presseurop.eu: actualidad europea, viñetas y revistas de prensa

Bipartisan Report: U.S. Practiced Widespread Torture, Torture Has “No Jusification” and Doesn’t Yield Significant Information, Nation’s Highest Officials Bear Responsibility « naked capitalism

Yesterday, a bi-partisan panel – co-chaired by the former undersecretary of homeland security under President George W. Bush, former Republican congressman from Arkansas and NRA consultant (Asa Hutchinson) and former Democratic congressman and U.S. ambassador to Mexico (James Jones) – released a 577-page report on torture after 2 years of study. Other luminaries on the panel include: Former FBI Director William Sessions 3-star general Claudia … Seguir leyendo Bipartisan Report: U.S. Practiced Widespread Torture, Torture Has “No Jusification” and Doesn’t Yield Significant Information, Nation’s Highest Officials Bear Responsibility « naked capitalism

Debunking austerity claims makes no difference to Europe’s monks and zealots – Telegraph Blogs

Yet another pillar of the austerity edifice has crumbled. As many readers will have seen, fresh research has refuted the famous Reinhart-Rogoff paper showing a cliff-edge fall in growth to minus 0.1pc once public debt reaches 90pc of GDP. This was the paper seized upon by Tea Party Republicans, scorched-earth Schaublerians and Rehnites in Europe, our own dear Chancellor George Osborne, and Austro-liquidationists the world … Seguir leyendo Debunking austerity claims makes no difference to Europe’s monks and zealots – Telegraph Blogs

Calculated Risk: Philly Fed Manufacturing Survey Shows Slower Expansion in April

Más signos de parada en la economía mundial, esta vez en EEUU Manufacturers responding to the Business Outlook Survey reported near steady business activity in April. The indicator for overall activity remained slightly positive this month, but other broad indicators were mixed. Indicators for new orders and employment were weaker this month. The survey’s broad indicators of future activity suggest that firms expect continued growth, … Seguir leyendo Calculated Risk: Philly Fed Manufacturing Survey Shows Slower Expansion in April