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Why Saudi Arabia Won't Cut Its Oil Production

Yassin K. Fawaz | Posted 01.13.2016 | World
Yassin K. Fawaz

Anyone who wonders why Saudi Arabia has refused to reduce its oil production to drive the price back up can find an answer in the global climate change accord agreed to by 195 nations in Paris last month.

Edging Closer To The End of OPEC, And The Saudi Arabian Kingdom

Thomas J. Lauria | Posted 01.14.2016 | Politics
Thomas J. Lauria

With a higher cost of living, reduced social programs, and the distinct possibility of initiating taxes, the Saudi people will start demanding more from their government. By driving down the global price of oil, the Kingdom is risking the future of its regime.

The Geopolitics of Cheap Oil

John Feffer | Posted 01.08.2016 | Politics
John Feffer

The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As foss...

10 Key Energy Trends To Watch for in 2016

Oilprice.com | Posted 01.06.2016 | Business
Oilprice.com

Energy investors got clobbered in 2015, and are hoping for things to turn positive as we head into the New Year. What can we expect in 2016? Here is a rundown of some key trends to watch for.

'Miracle of American Oil': Continental Resources Courted Corporate Media to Sell Oil Exports

Steve Horn | Posted 12.29.2015 | Green
Steve Horn

A document published by the Public Relations Society of America, discovered by DeSmog, reveals that from the onset of its public relations campaign, the oil industry courted mainstream media reporters to help it sell the idea of lifting the ban on crude oil exports to the American public and policymakers.

Oil Prices Have Hit An 11-Year Low, And That's Exactly What Saudi Arabia Wants

The Huffington Post | Ben Walsh | Posted 12.21.2015 | Business

The last time oil was this cheap, the world was in the middle of the worst financial crisis since the Great Depression. As the price of oil falls bel...

Four Questions for the Markets in a Pivotal Week

Terry Connelly | Posted 12.17.2015 | Politics
Terry Connelly

Question #1: Is it possible that the continuing fall in the price of oil on the world and West Texas markets may not be due merely to the decision las...

Exporting America's Oil No Longer a Slick Idea

D.A. Barber | Posted 12.08.2015 | Green
D.A. Barber

It's time to throw out those "American Energy Independence" bumper stickers from the 2012 election and forget about US energy self-sufficiency because now the oil industry's top priority is to repeal the 40-year-old ban on exporting America's oil.

Monday Market Madness: Oil Below $40

Phil Davis | Posted 12.07.2015 | Business
Phil Davis

Total insanity!   The S&P went down 2.5% and then up 2.5% in less than 48 hours, ostensibly driven down by Mario Draghi first...

Oil Prices: Low For Longer

Sara Zervos | Posted 12.08.2015 | World
Sara Zervos

Ironically, low prices are no longer a win-win for the United States; now that America is a major oil exporter, the negative production impact could offset consumer gains

ISIS, Turkey and Oil -- The Bigger Picture: Interview With Pelicourt

James Stafford | Posted 11.30.2015 | Business
James Stafford

As the terrorist attack in Paris sparks worldwide fear of similar reprisals and a bloody shootout and hostage situation in a five-star Mali hotel exacerbates those concerns, global energy security reels under the pressure of unfathomable geopolitics.

Oil Tankers Are Filling Up as Global Storage Space Runs Low

James Stafford | Posted 11.13.2015 | Business
James Stafford

The rebound in oil prices is still not here, and new data suggests that it will take some more time before the markets start to balance out. Global ...

Checkmate: Obama's Syrian Disaster

Joseph V. Micallef | Posted 10.10.2015 | World
Joseph V. Micallef

The United States now finds itself in a difficult position in Syria. American supported rebels are coming under direct attack by Russian military forces. If the U.S. challenges Russian planes it risks a potential escalation and a military incident between American and Russian forces.

Obama, Jerry Brown and Climate Change: From the Arctic to the Arabs and the Oil Empire at Home

William Bradley | Posted 09.08.2015 | Green
William Bradley

President Barack Obama and Governor Jerry Brown have both been pushing the envelope of efforts to bring climate change under control and running up against major ingrown opposition to their efforts.

Oil Corporations Scheme to Export America's Security

Leo W. Gerard | Posted 08.03.2015 | Business
Leo W. Gerard

Oil honchos and their legion of lobbyists petitioned Congress last week to pad corporate profits at the expense of American energy independence and national security. And Republicans on a Senate committee voted to comply.

A Much Needed New Economic Paradigm For Algeria

Sasha Toperich | Posted 07.29.2015 | World
Sasha Toperich

Algeria is lately facing a dramatic setback to its ambitious plan to build a modern nation and economy with its large infrastructure investment program, like all countries that rely heavily on oil and gas.

Saudi Arabia Ditches the US for Russia: Does It Matter?

David Oualaalou | Posted 07.17.2015 | Politics
David Oualaalou

Step back and calmly contemplate the geopolitical shift taking place in the Middle East. Does anyone realize what's happening beyond what the headlines read? The answer is may be.

All Hail Iran the Victor?

Firas Al-Atraqchi | Posted 07.15.2015 | World
Firas Al-Atraqchi

The Mullahs in Iran have reason to celebrate. After 36 years, Iran has reclaimed its role as the definitive power in the Middle East, a truism it has known all along since regional geopolitics changed as a result of the 1991 Iraq War.

OPEC, Get Ready for the Second U.S. Oil Boom

James Stafford | Posted 07.14.2015 | Business
James Stafford

When low oil prices close doors, technology steps in to reopen them, and certainly innovation will drive the next U.S. oil boom -- and the latest advancements are already commercially viable. The door has been re-opened.

Going to a 40th High School Reunion?

Ken Toltz | Posted 07.07.2015 | Fifty
Ken Toltz

So this summer I'm helping plan my 40th (!) high school reunion. That seems like an awfully big number, us George Washington Patriots would never have imagined reaching -- let alone celebrating -- back in 1975.

Which Way Will Saudi Arabia Swing?

Luay Al Khatteeb | Posted 05.01.2015 | World
Luay Al Khatteeb

Each week seems to bring new twists in Middle Eastern geopolitics, with shockwaves on the energy market and in particular oil prices. The recent reshuffle in Saudi Arabia heralds a major break with established tradition and watershed in the trends of the oil industry.

Are Low Oil Prices Here to Stay?

Luay Al Khatteeb | Posted 06.24.2015 | Politics
Luay Al Khatteeb

It's often said that you can't get economists to agree on anything. Well, oil economists certainly can't agree on future prices, with commentators suggesting anything from $20 to $200. Seldom has there been such a discrepancy in forecasting, though the median forecasts seem to be somewhere between $60 and $70.

Latest EIA Predictions Should Be Taken With More Than a Pinch of Salt

James Stafford | Posted 06.16.2015 | Business
James Stafford

The EIA does offer a vital benchmark from which assumptions can be gleaned and estimates can be made, offering insight into the very opaque world of energy. But take predictions about the future with a huge grain of salt.

Winston Churchill: "He Who Controls Oil"

Aiko Stevenson | Posted 05.16.2015 | Green
Aiko Stevenson

Five months ago, the stars were looking aligned for this year's climate summit in Paris. The US and China, the world's largest carbon polluters, had just signed a historic action plan to curb their emissions.

Can the Middle East End Its Addiction to Cheap Oil?

OpedSpace | Posted 04.29.2015 | Business
OpedSpace

The lower cost in global fuel prices can provide a unique avenue for countries to carry out energy subsidy reforms and develop energy efficiency programs with a much smaller negative effects on the population than otherwise.