Democracy's Road to Tyranny

Norway Takes Oilfield Climate Battle To Supreme Court By Tsvetana Paraskova of OilPrice.com, The Norwegian government is asking the country’s Supreme Court to overturn lower-court rulings that invalidated the development permits of three new oilfields in Norway’s North Sea. The case was brought to court three years ago by environmental organizations Greenpeace Nordic and Nature og Ungdom (Nature & Youth). In 2023, the campaigners challenged three administrative decisions of the Norwegian Energy Ministry, which had approved the plan for the development and operation of the oil and gas fields of Breidablikk, Yggdrasil,...

South Korea Has Several Market Rescue Options As Crash Crushes 700,000 Retailer Traders South Korean market authorities are weighing a more aggressive plan to stabilize the Kospi after July's record selloff sent the main equity index slicing through its 50-, 100- and 200-day moving averages like butter. At the center of the meltdown is retail participation in leveraged ETFs tied to Samsung Electronics and SK Hynix, which amplified the selloff and inflicted crushing losses on Korean households. Korean trader had a $5 million stock portfolio ALL IN Samsung and Hynix. It ended very...

Unwanted, Not Unwarranted By Maartje Wijffelaars, senior economist Rabobank Oil prices rose again yesterday, reaching a session high of about $105 per barrel as Iran struck tankers – an outcome our energy analysts warned about if Iran appeared to be losing control over Hormuz. Reports that the US could strike Iran before the midterms and a hurricane hitting US output added pressure. Brent crude then fell after President Trump said talks with Iran were “productive” and that the US would not attack Iran before November’s midterm elections. Oil prices nevertheless remained higher...