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Saudi Arabia: Deeper Cuts Are Still On The Table

Saudi Arabia: Deeper Cuts Are Still On The Table

Saudi Oil Minister Khalid Al-Falih…

Energy / Crude Oil

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Why the Peak Oil Debate is Almost Over

Feb 21, 2012 at 17:04 | Kurt Cobb

Protestations in the mainstream media that we need not worry about a peak in the rate of world oil production anytime soon are suddenly coming fast and furious. As a…

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10 Ways in which Iran is Defying the US and EU Oil Sanctions

Feb 20, 2012 at 17:48 | Juan Cole

It wasn’t supposed to be like this, the Neocons assured us. Iran would soon be on its knees because of ever more stringent US sanctions on Iran. But Iran just…

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Is Hush Money Coming Out of Canadian Crude Oil Debate?

Feb 20, 2012 at 17:40 | Daniel J. Graeber

Concerns over the safety of tar sands oil from Canada is at the forefront of the political debate in the United States. President Obama's critics accuse him of being a…

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If Oil is a Barometer, Beijing is Rising

Feb 19, 2012 at 12:30 | Daniel J. Graeber

Beijing said recently it wanted to increase the amount of oil it gets from Russia through a major oil pipeline running to the Pacific Ocean. Beijing, however, would likely have…

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South Africa Caught in Fallout from Increased Sanctions Against Iran

Feb 14, 2012 at 18:01 | John Daly

The U.S. new sanctions initiative, strongly supported by Israel, to impose new sanctions against Iran, is designed to punish it for its purported covert nuclear weapons program by imposing new…

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With Friends Like Moscow, Who Needs Venezuela's Oil?

Feb 14, 2012 at 17:58 | Daniel J. Graeber

Venezuela said it was ready to welcome a Russian energy company into the giant Orinoco oil belt, solidifying a relationship propped up by a multi-million investment from Moscow last year.…

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Canadian PM Shills Alberta Oil Sands in China

Feb 12, 2012 at 20:01 | John Daly

Canadian Conservative Prime Minister Stephen Harper is in the midst of an official visit to China. His mission? To convince Beijing’s mandarins to buy Canada’s Alberta oil sands…

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What Does the Future hold for the World Oil Markets

Feb 12, 2012 at 18:49 | Ag Metal Miner

Never, it would seem, has the oil market been in such a state of disarray. Brent crude, the global benchmark, hit US$117 per barrel this week for the first time…

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Time to Call Iran's Bluff on Oil?

Feb 09, 2012 at 17:30 | Daniel J. Graeber

Iranian lawmakers this week expressed support for a measure that would beat the European Union to the punch by cutting off oil exports before the summer. Tehran's measure amounts to…

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Shedding Some Light on Peak Oil

Feb 09, 2012 at 16:44 | Gail Tverberg

On January 26, Bloomberg Businessweek printed an editorial by Charles Kenny titled, "Everything You Know About Peak Oil Is Wrong". This editorial reflects several common misunderstandings. According to Kenny:…

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