Excerpt From 1970s Senate Report On French-American Disputes Over Saudi Oil

By: Thursday April 2, 2015 10:33 am

In my research on oil for a project I’m working on, I came across something from the readings I posted earlier that made me think about current political affairs. Specifically, Saudi-American relations over the intervention in Yemen along with Western allies deciding to join the Asian Infrastructure Investment Bank, which may cause tension with the [...]

Excerpt From A 1970s Senate Report On Oil And The American State

By: Tuesday March 31, 2015 12:25 pm

In my research on a project I am doing, I came across a report created by the Senate Subcommittee on Multinational Corporations to the Senate Committee on Foreign Relations, which was released in the mid-1970s. I thought of writing a short post and cross-referencing it with other things I found; however, I feel it is [...]

Libyan Oil Production Continues To Decline Amid Chaos

By: Tuesday February 17, 2015 7:15 am

Four years after NATO’s intervention in Libya to overthrow Moammar Gaddafi, the country is suffering from a multitude of crises including a shortage of oil exports. Recently, Western countries warned Libya may face bankruptcy as a result of both the drop in oil prices and Libya’s oil production. Brent crude oil prices, the international standard for [...]

Mexico Believes It Can Replace Venezuelan Oil

By: Thursday January 29, 2015 7:25 am

Secretary of Economics Ildefonso Guajardo Villarreal believes Mexican oil can replace Venezuelan oil. On January 23, at the World Economic Forum in Davos, Switzerland, Villarreal said Mexico would “replace Venezuelan oil.” Indeed, he noted, in spite of the drop in oil prices, Mexico was a great investment for oil and gas companies: [F]or companies in [...]

U.S. Officials Hope To Steer Caribbean Countries Away From Venezuela

By: Monday January 26, 2015 7:15 am

The White House reported the event as an “energy round-table” discussion of “a cleaner and more sustainable energy future in the Caribbean through improved energy governance, greater access to finance and donor coordination.” While there is no mention of Venezuela, the Atlantic Council, a sponsor of the event, explicitly mentions Venezuela as the reason for the meeting. The Atlantic [...]

Iraqi Vice President Nouri al-Maliki Calls Fall In Oil Prices “Economic War”

By: Tuesday January 20, 2015 7:35 am

Nouri al-Maliki, one of the vice presidents in Iraq, told journalists the drop in oil prices was not natural and called it “economic war.” During a visit to a university on January 15, he did not believe low oil prices were a result of market forces. He cited Russia and Iran as two countries affected by low [...]

Obama Administration Officials Not Worried About Drop in Oil Prices

By: Wednesday January 14, 2015 8:30 am

Amid the significant drop in oil prices, it may be expected officials in the Obama administration would consider changes to their energy policies. Cities expecting the fracking boom to continue are seeing the bubble pop right in their face. Goldman Sachs, noteworthy for its dependence on oil and natural gas on profits, believes prices will drop to $40 per barrel over the [...]

Obama To Bomb Iraq To Protect Advisors He Sent In, Prevent Ethnic Killing, Secure US Oil Contracts

By: Friday August 8, 2014 5:19 am

Is this Iraq War III? President Barack Obama has ordered airstrikes in Iraq against ISIS forces officially entering America into the civil war in Iraq. The bombing is supposed to stop an ethnic cleaning campaign of the Yazidis by ISIS and protect military advisors that Obama sent into the country a few months ago. Also [...]

Oil Companies Raided In Price-Fixing Probe

By: Thursday May 16, 2013 11:29 am

BP and Shell have been raided by agents of the European Commission on suspicion of rigging oil prices for over a decade. Rigging petroleum prices could prove to be even more lucrative than rigging LIBOR. The London offices of BP and Shell have been raided by European regulators investigating allegations they have “colluded” to rig [...]

Gulf Coast Oil Rig Explosion Kills Two

By: Friday November 16, 2012 10:11 am

A day after a record $4.5 billion criminal settlement in the BP oil disaster, another Gulf Coast oil rig exploded. An oil rig explosion off the coast of Louisiana sent four people to hospital Friday and two others were believed to be missing, Coast Guard officials said. Coast Guard spokesman Drake Foret said the fire [...]

The US: The Saudi Arabia of Oil

By: Wednesday October 24, 2012 7:01 am

I recall hearing quite a bit from various governors that the US is the “Saudi Arabia of coal” or the “Saudi Arabia of wind,” or whatever natural resource they had in abundance. Now, according to AP energy writer Jonathan Fahey, the US verges on becoming the Saudi Arabia… of oil. U.S. oil output is surging [...]

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