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This Week in People’s History, Nov 28-Dec 4

Portside
Crowd packs NYC's Union Square protesting Tom Mooney's frame-up Tom Mooney Reprieved (in 1918), Oil Embargo Layoffs (1973), Vaccine for Millions (1803), "Unrestrained, Indiscriminate Police Violence" (1968), Monroe Doctrine is Too Old (1823), NYC Says 'No' to Lynch Law (1933), Slavery's Enemies Organize (1833)

The Desperate Plight of Petro-States - With a Busted Business Model, Oil Economies Head for the Unknown

Michael T. Klare Tom Dispatch
Petro-states are different from other countries because the fates of their governing institutions are so deeply woven into the boom-and-bust cycles of the international petroleum economy. Now, one thing is finally clear: the business model for these corporatized states is busted. The most basic assumption behind their operation -- that global oil demand will continue to outpace world petroleum supplies and ensure high prices into the foreseeable future -- no longer holds
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