Insight and inspiration in turbulent times.
The OPEC may postpone implementation of its own decision taken at the extraordinary 131st conference in Beirut on June 3, where its members agreed to raise quotas on crude oil production and export by 0.5 million barrels daily.
Iraq’s oil exports were cut nearly in half as workers struggled Monday to repair a key pipeline shut down after looters sabotaged the line, officials with the South Oil Company and traders said.
Caught between the U.S. war on terror and its own militants, the House of Saud tries to cut deals to survive.
The United States’ drive for energy security, one of the dominant elements in its tough-guy foreign policy, is running into trouble around the globe, making US control of Iraq’s oil wealth ever more necessary. And that is sure to stir up more trouble, unsettling a market that has become volatile and unpredictable.
The government has given energy conservation top priority in its long-term energy policy, as the country has been feeling the pinch of energy supply shortages since last year.
Energy price rollover will signal the day when oil becomes “way too expensive and tourism may have a problem in New Zealand’’.
How might America cure itself of energy illiteracy? Realistically, teaching Americans to give energy the priority it deserves would be an incremental process that could take years.
A summer of cuts, partial blackouts and restrictions has now prompted experts to warn of an energy crisis with global implications.
Iranian Oil Minister Bijan Namdar Zanganeh announced that new oil discoveries in the southwest of the country now meant the Islamic republic held the number-two position in world crude reserves.
Russian law enforcement officials attempted to seize the headquarters of the Russian oil company Yukos yesterday, days after it was landed with a tax bill of £3.8 billion.
Enjoy these gas prices while they last, because they are only going to be with us for a short time before they head back up.
Report highlights lack of protection for nuclear plant if terrorists tried to attack it with passenger planes.
