Leading non-integrated oil and gas producer Apache Corporation found itself in the spotlight in recent weeks, as the latest company to grapple with the question of how big a commitment to make to North America’s shale gas and tight oil revolution. Jana Partners LLC, a leading investor in Apache, published a letter to investors July 21 urging the company to exit its international investments and focus on exploring US shale formations such as the Permian Basin in Texas and New Mexico. Just last Friday, Apache announced plans reflecting this advice, as they intend to divest completely from two liquefied natural gas (LNG) projects in Western Australia and Canada in an effort to reduce international assets.
The Great Debate
Forty years ago, on August 8, Richard M. Nixon made unprecedented constitutional history when he resigned the presidency amid the disgrace and scandal of Watergate. He cannot escape that legacy — for he left an indelible record of his deeds in a treasure trove of tapes and papers that continue to fascinate us with revelations.
from John Lloyd:
In the small town of San Dona di Piave near Venice last Friday, an imam, Raoudi Albdelbar, asked Allah to, "Kill them all (the Jews), down to the last one; make poison of their food; transform the air that they breath into flames, and put terror in their hearts.” The imam was so proud of his sermon that he made a video of it and posted it on his Facebook page -- from where it went viral. Earlier this week, Italian antiterrorist police showed up and arrested the imam on charges of inciting violence, and began the process of expelling him to his native Morocco.
Ukrainian troops have made huge headway routing the separatists in the east. They are in the process of choking off the cities of Luhansk and Donetsk, to which many of the separatists have retreated. The Ukrainian military appears primed to besiege the cities. As Ukraine has gained, Putin has prepared Russia for invasion: as of Monday, Ukraine says there are 45,000 combat-ready troops are amassed at the border. The chance that Russia invades is certainly going up.
A column by weapons analyst David Axe was published by Reuters Opinion on July 25, 2014, (Israel’s Iron Dome is more like an iron sieve). Physicist Theodore Postol of the Massachusetts Institute of Technology was one of the experts quoted in Axe’s column. He opposes the construction of missile defense systems largely on the ground that they cannot be made to work under nearly any circumstances. Based on his research, Postol believes that fewer than 10 percent of Iron Dome’s intercepts are successful.
Africa is the new frontier for the U.S. Defense Department. The Pentagon has applied counterterrorism tactics throughout the Middle East and, to a lesser extent, Central and South Asia. Now it is monitoring the African continent for counterterrorism initiatives. It staged more than 546 military exercises on the continent last year, a 217 percent increase since 2008, and is now involved in nearly 50 African countries.
While the troops of Israel’s Air Defense Command are blasting Grad and Fajr rockets shot from Gaza out of the sky with success, there are an obsessive few who try to blast Iron Dome’s evident achievements into oblivion. They insist on trivializing the missile-defense system’s rock-solid record because the facts don’t fit their theory that no missile defense system can ever work.RELATED COLUMNS David Axe: Israel's Iron Dome is more like an iron sieve EDITOR: Two views of Iron Dome's success in IsraelThe chief Iron Dome scold is Ted Postol of Massachusetts Institute of Technology, a professor with academic standing but no experience in designing or managing the development of modern missile systems. He postulates that missile defense is innately belligerent and as quixotic as “the idea that a nuclear war can be won” but admits that the public would not readily agree with his views. He casts missile defense as irretrievably faulty and wasteful, with Iron Dome — the product Israeli technical savvy and U.S. defense funds — squarely in his sights.