Former Bolivian President Evo Morales Calls For a Global Campaign to Eliminate NATO

In interview with a British journalist, Morales says the U.S. uses NATO to provoke wars and sell weapons. U.S./UK-backed coup against him in 2019 was undertaken for lithium and because his government advanced an alternative economic model to the neoliberal “Washington Consensus”

Former Bolivian President Evo Morales Calls For a Global Campaign to Eliminate NATO

Shouldn’t Biden be talking directly to Putin?

BY M. K. BHADRAKUMAR | INDIAN PUNCHLINE | JULY 30, 2022

No sooner than Russian Foreign Minister Sergey Lavrov returned to Moscow after the SCO ministerial in Tashkent, US Secretary of State Antony Blinken’s pending request for a conversation was scheduled late Friday evening. This has been their first conversation since the war began in Ukraine in February.

Shouldn’t Biden be talking directly to Putin?

Manchin’s Climate Reversal Comes With Major Caveat: Expanding Oil and Gas

Conservative coal baron Sen. Joe Manchin (D-West Virginia) announced on Wednesday that he has come to an agreement with Democratic leaders for a reconciliation bill with key climate, prescription drug price and tax reforms — with a major caveat to expand oil and gas exploration.

Manchin’s Climate Reversal Comes With Major Caveat: Expanding Oil and Gas

Related:

Senate Dems reach draft deal to extend ACA premiums, lower drug costs

Also included in the Inflation Reduction Act — a bid to lower drug prices. Medicare will be allowed to negotiate the prices of some 10 pharmaceutical drugs in 2026, 15 more drugs in 2027 and 2028 and 20 more in 2029. In addition to price negotiation, the bill also imposes penalizing rebates on pharmaceutical manufacturers who hike drug costs above the rate of inflation starting next year.

Lavrov is on Blinken’s list of people to call

Lavrov is on Blinken’s list of people to call

Blinken also added a second topic he’d like to discuss with Lavrov —implementation of the recent “grain deal”. Washington played no role in negotiating the deal and is presumably hoping to make a lateral entry into the matrix now. Blinken claimed he is “seeing and hearing around the world a desperate need for food, a desperate need for prices to decrease. And if we can help through our direct diplomacy encourage the Russians to make good on the commitments they’ve made, that will help people around the world, and I’m determined to do it.”

Interestingly, in a veiled reference to the US, Turkish Foreign Minister Mevlut Cavuсoglu stated Wednesday on broadcaster Tv100 that there were countries who “wanted to block” the grain deal between Russia and Turkey, who want the Ukraine conflict “to prolong”, as they think the longer Moscow’s special military operation continues, “the weaker Russia will be.”

Indeed, the war has spun out of US algorithm. As Hungarian PM Orban pointed out last week, anti-Russian sanctions “have not shaken Moscow,” but Europe has already lost four governments and is in an economic and political crisis.

The spectre of the collapse of EU economies is rattling the Biden Administration. A CNN report yesterday was titled US officials say ‘biggest fear’ has come true as Russia cuts gas supplies to Europe. It said the Biden administration “is working furiously behind the scenes to keep European allies united” as the blowback from the sanctions against Russia hits them and the “impact on Europe could boomerang back onto the US, spiking natural gas and electricity prices.”

The report quoted an unnamed US official saying Russia’s retaliation for western sanctions has put the West in “unchartered territory.” Suffice to say, Blinken’s call underscores the desperate urgency in Washington to open a line of communication to Moscow at the political level.

Despite sweeping sanctions, Russia’s economic outlook has improved since April — but it’s gotten worse for almost every other country

Link to original article.

Russia’s economy is holding up better than expected amid sweeping sanctions over its invasion of Ukraine, according to the International Monetary Fund’s World Economic Outlook report issued on Tuesday.

Despite sweeping sanctions, Russia’s economic outlook has improved since April — but it’s gotten worse for almost every other country

‘We can’t be an oil supplier’: Biden’s adviser says oil reserve releases must end

One of Biden’s top energy aides confirmed Friday the administration won’t extend the oil releases from the Strategic Petroleum Reserve that are scheduled to end this fall.

‘We can’t be an oil supplier’: Biden’s adviser says oil reserve releases must end

Related:

Soaring U.S. Production Can’t Keep LNG Prices In Check

Europe has displaced Asia as the top destination for U.S. LNG, and now receives 65% of total exports.

According to a report by the Oil & Gas Journal, 10-year LNG contracts are currently priced at ~75% above 2021’s rates, with tight supplies expected to persist as Europe aims to boost LNG imports.

Who’s telling the truth about prices?!