Tag: oil

Analysis: This Week’s Oil Price Slump Signals Economic Dangers Ahead
For the first time in history, the price of West Texas Intermediate, the benchmark standard for US oil, became negative on Monday. James Meadway argues this is both a symptom of the catastrophic economic impact of Covid-19 on the world economy and a harbinger of problems to come.
Petro-Geddon (w/ James Meadway)

As the price of oil plummets what do ‘negative prices’ really mean? And what do they tell us about what next for the global economy? Also, how high is Britain’s real coronavirus death toll? Economist James Meadway joins Aaron Bastani and Michael Walker.
Tackling the Climate Crisis Means Transforming British Foreign Relations
Britain’s modern relations with the fossil fuel producers of the Middle East are key in sustaining our neoliberal economic model and militaristic foreign policy. Combating the climate crisis will force us to untangle these relationships - and the effects will be transformative, argues David Wearing.
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Revolution and Its Discontents: Politics in Iran
James Butler is joined by Eskandar Sadeghi-Boroujerdi, to discuss Iranian politics and history: from imperialist coups to theocracy, and the fate of the Iranian left.
The Fire This Time in the Americas
With the US and countries across the Americas having recognised Juan Guaidó, head of Venezuela’s National Assembly, as the country’s rightful president, Oscar Guardiola-Rivera makes sense of the timing and motives behind their support.
Anglo-Arabia: Why Gulf Wealth Matters to Britain | Aaron Meets David Wearing

Aaron is joined by David Wearing author of ‘Anglo-Arabia: Why Gulf Wealth Matters to Britain’ to discuss the Gulf oil monarchies and the UK’s key supporting role in the disastrous Saudi-led intervention in Yemen.

The Coup in Venezuela, Explained

As crisis engulfs Venezuela, Aaron Bastani looks at the political and economic history of the country since Hugo Chavez won power in 1998. His conclusion? That sanctions and oil prices are to blame for the country’s economic plight, while it boasts a far greater tradition of democracy than critics often realise let alone dare to […]
Anglo-Arabia: Khashoggi, Gulf Wealth & the War in Yemen
On #NovaraFM, James Butler is joined by David Wearing, author of 'Anglo-Arabia: Why Gulf Weath Matters to Britain' to discuss the Khashoggi affair and the rise of the Gulf monarchies.
67 Years Ago Today a Democratic Revolution Began – and Britain Helped Stop It
On 15 March 1951 the Iranian parliament voted to nationalise the country’s vast oil wealth in what should have been a founding moment for a modern, democratic nation. Aaron Bastani takes a look at why Britain and the US put a stop to Iran's experiment in self-government.
Russia: Democracy, Oligarchy, Repression
James Butler is joined by Simon Pirani, author of 'Change in Putin's Russia', and Tom Rowley, editor of openDemocracy Russia, to discuss the nature of the Russian state, its politics, and the forthcoming elections.
Climate Change Is Class War – and Fighting It Is a Workers’ Struggle
The climate justice movement is weaker than it should be because workers' struggles weren't embedded within it from the get go, argues Mika Minio-Paluello.
What is deflation and what does it mean for the working class?
Yesterday the UK went into deflation. George Osborne praised the "good news" while many economists were far more cautious. James Meadway from the New Economics Foundation explains what deflation is and what it means for the economy, wages and the working class.
The Secret World of Oil
On this week's show Aaron Bastani is joined by Ken Silverstein as they discuss his book 'The Secret World of Oil'.

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