A new Energy Department report says much about how elites view the oil shock—and why the US is in Iraq. It actually mentions the impacts of biofuels, but that's a sideshow to the inexorable threat of China's economic rise. This synopsis does not even mention Iraq—but effective US control of the Persian Gulf will be a lever of control over China's access to energy. From Oil Voice, June 25:

It is pretty depressing that 29 years after Three Mile Island and 22 after Chernobyl, the nuclear industry has recouped its propaganda losses to the point that both candidates are obliged to pay lip service to the oxymoron of "safe nuclear power." McCain is gung-ho for nukes, calling for building 45 new reactors over the next 30 years. Obama's support is more equivocal—he said June 20 that nuclear power is an option worth pursuing, while adding the caveat: "I don't think that nuclear power is a panacea." (Reuters, June 20)

Iran has announced it is reviewing the launch of a joint development bank with Venezuela. "Iran and Venezuela have positive cooperation and are currently reviewing the launch of a joint bank after five meetings held on this issue so far," Venezuelan Planning and Development Minister Haiman El Troudi told Iran's Mehr News in Isfahan on the sidelines of a meeting of the OPEC Fund for International Development.

Lt. Col. Héctor Herrera, president of Venezuela’s Bolivarian Civil-Military Front, decried a "new, unfounded accusation" by the US Treasury Department that a Venezuelan diplomat and Venezuelan travel agent, both of Lebanese decent, are financial supporters of Lebanon's Hezbollah. Herrera, whose Civil-Military organization recently held military maneuvers with Venezuelan reservists to defend against a simulated foreign invasion, said the accusations "are more of the same," comparing them to those made about Venezuelan support for the FARC.

At least four Somali government soldiers were killed and four civilians wounded when a roadside bomb hit a military vehicle in Mogadishu June 22. (Xinhua, June 22) Fighting has killed at least 38 since the "peace deal" was concluded in Djibouti June 10. (Reuters, June 20) However, Somali Prime Minister Nur Hassan Hussein insisted Ethiopian occupation troops would be withdrawn within 120 days of the signing in Djibouti. "The agreement between us and the opposition is a historic one and the Somali government would implement it," Hussein said. (Xinhua, June 22)

Sri Lanka's air force launched helicopter attacks on rebel-held territory in the island's north June 21, as ground troops killed at least four guerrillas of the Liberation Tigers of Tamil Eelam (LTTE) in Mannar district. "Sri Lanka air force MI-24 helicopter gunships raided a gathering place of the LTTE," the Defense Ministry said in a statement. The LTTE made no statement, and there was no word on civilian casualties. (AFP, June 21)

In a brief Associated Press account of the sentencing of supposed ELF operative Briana Waters, the New York Times June 20 uncritically uses the loaded term "ecoterrorist" in the headline. If you actually read the blurb, it turns out she is accused of serving as a look-out in an arson attack on a research center at the University of Washington Botanic Gardens. Nobody was killed, nobody was injured. Was this an act of "terrorism"?

With the near-simultaneous Beijing Olympics and Hokkaido G8 summit about to open, China and Japan announce they have resolved their dispute over gas fields in the East China Sea. What a feel-good globalization-fest we are going to be subject to this summer. From the IHT, June 18: