Middle East Oil

Bad News About Gas Prices

AP | JONATHAN FAHEY | Posted 04.09.2012

Read More: Summer Travel, Gas Prices, High Gas Prices, Gasoline, Middle East Oil, Middle East, Gas Prices Record, Summer Travel Plans, Oil, Summer Gas Prices, Clean Air Act, Money News

NEW YORK -- Ahh, spring. The days get longer, flowers bloom, and gasoline gets more expensive. It's a galling time for drivers, and it's more maddeni...

Read Whole Story

Arab Spring Economies Need More Than Oil to Thrive

James Doran | Posted 05.05.2012

Read More: Libya, Brent Crude Oil, Moammar Gadgafi Libya, Middle East Oil, UAE Oil, Arab Spring Economy, Arab Spring Oil, World News
James Doran

Last year should have been a great one for Middle East and North African economies. But, as is always the case with finances, the huge boost to revenues across the region is only half the picture. Liabilities also hit new highs.

Read Post

Don't Know Much About Oil

Barry Levinson | Posted 04.09.2012

Read More: Oil Cost Price, Middle East Oil, Oil Price, Gas Station Price, Oil Industry Prices, Gas Pump Price, Oil Speculation Price, Price Fluctuation Gas, Gasoline Price, Politics News
Barry Levinson

Nothing fluctuates daily in price like oil. All other businesses have some kind of sale celebrations going on periodically. Not when it comes to oil. And for whatever reason, we have accepted it.

Read Post

Fool Me, I Don't Know, Six or Seven Times. Shall We Try for a Dozen?

Carl Pope | Posted 03.07.2012

Read More: Oil, Strait of Hormuz, Persian Gulf, Iran Oil, Middle East Oil, Persian Gulf Oil, Green News
Carl Pope

It's pathetic that we find ourselves here, almost fifty years after the first oil embargo, still utterly dependent on a single hydrocarbon molecule from a tiny, unstable, and largely hostile corner of the world, to conduct the very basics of our civilization.

Read Post

Iowa Then and Now

William Bradley | Posted 02.29.2012

Read More: Republican Presidential Race, Iowa, Republican Party, Barack Obama, 2012 Election, Mitt Romney, Ronald Reagan, Money in Politics, Walter Mondale, Gary Hart, Pat Caddell, Fox News, Middle East Oil, Climate Change, Iran, Warren Beatty, Politics News
William Bradley

The chaotic jumble of holding the Iowa presidential caucuses on January 3rd is now fully apparent. It didn't used to be this way.

Read Post

America and Oil, Declining Together?

Michael T. Klare | Posted 11.15.2011

Read More: China and Oil, Middle East Oil, Oil Imports, National Security, Reliance on Oil, Oil, Globalization, Cold War, Price of Oil, Politics News
Michael T. Klare

Ditching oil for the new energy technologies should be America's top economic priority, but if you're in a betting mood, you probably shouldn't put your money on Washington.

Read Post

Global Stocks Hit Highest Level In Nearly Three Years

Posted 06.21.2011

Read More: World Equities, Brazil Central Bank, Gold Price, Middle East Oil, Debt Crisis, Corporate Earnings, 33 Months, Business News

(Emelia Sithole-Matarise) - World equities jumped to their highest level in nearly 33 months on Thursday while the dollar hit a three-year low as ...

Read Whole Story

Attacks On Libyan Oil Fields Cause Global Price Hike

Posted 06.08.2011

Read More: Nigeria Oil, Oil Prices, Libyan Oil, Middle East Oil, Muammar Gaddafi, Opec, Three Year High, Business News

Oil hit a 32-month high near $125 on Friday after attacks on Libyan oil fields raised the prospect of long-term supply cuts, with commodities in gen...

Read Whole Story

How the Financial Industry is Driving Up Gas and Heating Oil Prices

Josh Garrett | Posted 05.25.2011

Read More: New York Mercantile Exchange, Consumer Prices, Financial Industry, Gas Prices, Crude Oil Prices, Commodity Traders, Investment Banks, Gasoline Prices, Heating Oil Prices, Dan Dicker, Middle East Oil, US Economy, Commodity Markets, Oil Speculators, Nymex, Wall Street, Boom and Bust, Hedge Funds, Financial Sector, Saudi Arabia, Oil Prices, Oil Speculation, Libya, Oil's Endless Bid, Business News
Josh Garrett

If you think chaos in Libya is the only force driving up gasoline prices these days, think again. Over the past few decades, institutional investors like hedge funds and investment banks have flooded oil markets with hundreds of billions of dollars.

Read Post

When We Demand Cheap Gasoline, We Are Demanding Disaster

Johann Hari | Posted 05.26.2011

Read More: U.S. Oil, Gas Prices, Gas, Middle East Oil, Russia Oil, Nigeria Oi, Oil, Middle East Revolutions, Dependence on Oil, Clean Energy, Saudi Arabia Oil, Green News
Johann Hari

When we demand our governments give us cheaper gas, we are -- usually unwittingly -- demanding they give more money to some of the worst dictators in the world, invade more countries, and ramp up global warming.

Read Post

Libya's Largest Gas Exporter Nears Complete Production Halt

AP | By COLLEEN BARRY and CASSANDRA VINOGRAD | Posted 05.25.2011

Read More: Business News, Oil Prices, Eni, Libya, Middle East Oil, Opec, Libyan Oil, Libyan Oil Production, Business News

LONDON -- The chief of Eni, the biggest gas exporter from Libya, said Thursday that oil production across the battle-torn country is near a complete h...

Read Whole Story

Is the House of Saud Next?

Jeffrey Rubin | Posted 05.25.2011

Read More: Libya, Saudi Arabia, Oil Prices, Saudi Arabia Oil, Middle East Oil, Libya Oil, Moammar Gaddafi, Business News
Jeffrey Rubin

Certainly, their political right to rule isn't any more legitimate, and perhaps no more sustainable, than Mubarak's or Gaddafi's. If so, the path to $200 a barrel oil is a lot shorter than you think.

Read Post

U.S. Considering Tapping Oil Reserves As Gas Prices Rise

AP | Posted 05.25.2011

Read More: Gas & Oil, Oil Reserves, Strategic Oil Reserve, Tapping Strategic Oil Reserve, Gas Prices, High Gas Prices, Middle East Oil, Middle East Protests, Bill Daley, Business News

WASHINGTON — President Barack Obama's chief of staff says the administration is looking at the nation's oil reserves as it considers options for...

Read Whole Story

The Collapse of the Old Oil Order: How the Petroleum Age Will End

Michael T. Klare | Posted 05.25.2011

Read More: Global Economy, Middle East Oil, Alternative Energy, Oil, World Economy Oil, Dependence on Oil, Petroleum Age, Green Energy, World News
Michael T. Klare

Don't count on any new order to deliver enough cheap oil to preserve the Petroleum Age. Since no area is capable of replacing the Middle East as oil exporter, the oil economy will shrivel, and with it, the global economy as a whole.

Read Post

The Coming Oil Crisis and Your Investments

Dan Solin | Posted 05.25.2011

Read More: Oil Crisis, Middle East Oil, Oil Industry, Oil Prices Rise, Oil Drilling, Oil-Shortage-2011, Peak Oil, Big Oil, Oil, Oil Prices, Business News
Dan Solin

Talk of unrest in the Middle East fills the airways. Will the rising prices in oil end our "tenuous" economic recovery and plunge us into another recession?

Read Post

"Democracy Is the Worst Form of Government"

Gary Hart | Posted 05.25.2011

Read More: Madison Wisconsin, Middle East, Democracy Middle East, Democracy, Middle East Oil, Wisconsin Protests, Egypt Democracy, Libya Democracy, Politics News
Gary Hart

So said Winston Churchill who then added the punchline: "... except for all the others." Any doubts about this observations should be erased by current developments in both the Middle East and in Madison, Wisconsin.

Read Post

One Man's Car Shows Why Aid to the Automakers Must Include a Commitment to Fuel Efficiency

Mitchell Bard | Posted 05.25.2011

Read More: Co2 Emissions, Middle East Oil, Biofuels, Chrysler, Fuel Efficiency, President Obama, Chrysler Bailout, Drill Baby Drill, Mercedes, Auto Bailout, General Motors, Hybrid Cars, Toyota Prius, Vegetable Oil, Global Warming, Fuel-Efficiency-Standard, General Motors Bailout, Honda Insight, Green News
Mitchell Bard

By forcing General Motors and Chrysler to shift focus to a future of fuel-efficient vehicles, all of the concerns can be addressed. The automakers can be saved.

Read Post

US Foreign Policy in the Middle East: Thoughts for Change

Dr. Rachel Ehrenfeld and B. Wayne Quist | Posted 05.25.2011

Read More: Wahabi Salafism, Hizballah, Middle East Oil, Saudi Arabia Oil, Saudi Arabia, Middle East Politics, Oil, US Foreign Policy, Middle East, Plo, Hamas, Al-Qaeda, American Center for Democracy, North Korea, World News
Dr. Rachel Ehrenfeld and B. Wayne Quist

The Saudis are increasingly turning to Russia and China as their new oil and gas partners, dumping longstanding relationships with once-favored American oil companies.

Read Post

Bush fails to win Saudi help on gas prices

AP | TERENCE HUNT | Posted 05.25.2011

Read More: Saudi Arabia, Saudi Arabia Oil, Oil Production, Middle East Oil, Business News

RIYADH, Saudi Arabia — President Bush failed to win the help he sought from Saudi Arabia to relieve skyrocketing American gas prices Friday, a s...

Read Whole Story