Commentaries, Analysis, And Editorials -- December 10, 2014

Bank of America Sees $50 Oil As Opec Dies -- Ambrose Evans-Pritchard, The Telegraph

"Our biggest worry is the end of the liquidity cycle. The Fed is done. The reach for yield that we have seen since 2009 is going into reverse”, said Bank of America.

The Opec oil cartel no longer exists in any meaningful sense and crude prices will slump to $50 a barrel over coming months as market forces shake out the weakest producers, Bank of America has warned.

Revolutionary changes sweeping the world’s energy industry will drive down the price of liquefied natural gas (LNG), creating a “multi-year” glut and a mucher cheaper source of gas for Europe.

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Commentaries, Analysis, And Editorials -- December 10, 2014

Oil is getting crushed -- Stefano Pozzebon and Myles Udland, Business Insider

Iran versus the Islamic State -- Brian M Downing, Asia Times

Welcome to the age of the Shiite -- Hussain Abdul-Hussain, NOW

China: Turning away from the dollar -- James Kynge and Josh Noble, Financial Times

Burma Backtracks on Press Freedoms -- Brent Crane, American Interest

Could Kenya Learn From Ethiopia’s Anti-Terror Strategy? -- Gabe Joselow, VOA

Don’t Risk War With Russia -- Philip Giraldi, The American Conservative

Ruble Collapses, Russians Yawn -- Leonid Bershidsky, Bloomberg

Let Russia Be Russia -- Shlomo Ben-Ami, Project Syndicate

The Kid With the Kalashnikov Isn't Happy: Ukraine's Revolution One Year On -- Owen Matthews, Newsweek

Venezuela, Into the Abyss: Plunging oil prices are particularly threatening for one of the most dysfunctional petro states. -- Keith Johnson, Foreign Policy

Why Dick Cheney and the CIA don’t need to worry about international criminal charges -- Phillip Bump, Washington Post

Senate interrogation report distorts the CIA’s success at foiling terrorist plots -- John McLaughlin, Washington Post

Here Come the Torture Apologists -- Andrew Rosenthal, New York Times

The insane narrative you are supposed to believe about the torture report -- Daniel W. Drezner, Washington Post

Senate's CIA torture report: everyone has an opinion except the White House -- Dan Roberts, The Guardian

Did the CIA Go Rogue After 9/11? -- Tim Naftali, The Slate

How the CIA tortured its detainees -- Oliver Laughland, The Guardian

The Globalization 5 -- How Globalization Changed America in 2014, and What It Might Mean for 2015 -- Edward Goldberg, Huffington Post