Without enormous discipline in a vastly oversupplied market an OPEC as constituted today is no longer viable.
By ignoring all these legitimate reasons for Turkey's failure to win the Security Council seat, Foreign Minister Cavusoglu falsely attributed his country's defeat to its reluctance to abandon "its values for the sake of getting more votes."
Locally our gasoline and diesel purchases are the most lethal toxin in American politics. Just a couple of weeks out from the election it's good to remind ourselves -- lots of voters may not think the ballot counts, but Big Oil knows better.
The administration's Iraq policy has failed. The U.S. is more entangled in conflict and war; Americans have been killed in retaliation for Washington's intervention; the Islamic State is still advancing; U.S. allies continue to free ride on America; Washington hopes to square a nonexistent circle in Syria.
To the deep consternation of the oilogopoly and their kindred and influential allies in government and finance the price of oil has been dropping precipitously.
Nothing illustrates the free-wheeling chaos of the Middle East better than what is going on in Yemen.
As the deadline for the final nuclear deal between the P5+1 and the Islamic Republic becomes closer, and as the world powers appear to be softening their demands on Iran's nuclear capabilities, Netanyahu's fear in the signing of a final nuclear deal and his objective is to postpone this process between Iran and six world powers.
Islam today is being cannibalized by cancerous strains of fundamentalist religious ideologies that are promoted by wealthy and powerful Middle Eastern countries extinguishing moderate hopes in the Muslim world.Many of these countries are considered American and Western allies.
In scrolling through these pictures, opportunities for development mean avoiding logistical nightmares and health epidemics.
The absence of real reformation has paved the ground for the re-Islamisation process and the rise of political Islam, and from its womb ISIS.
The collapse of soaring oil prices signaled the beginning of the 2008 Great Recession. This milder repeat performance is not so confusing if we look at the basics -- and remember that what counts about oil is not where it is produced, or exactly how much we need, but its price.
The counter-revolutionary Gulf strategy has opened a window on potential differences not only between Saudi Arabia, the UAE and Bahrain on the one hand and Qatar on the other but also within the conservative counter-revolutionary camp itself.
Over the last few months, the price of Brent crude oil lost over 20 percent of its value, dropping below $90 just yesterday and hitting its lowest level in over two years. In consequence, oil producers will no longer be able to rely on oil revenues to pay their bills.
The struggle for women's rights to engage in sports and attend sporting events has commanded increased attention due to recent events.
This may well be Obama's last chance to change the widespread perception of being weak and indecisive, and restore America's image as the indispensable global leader because only the US can lead the battle against ISIS to a successful conclusion.
I detest religious extremism, but what I detest equally is funding this plague and pretending the billions in weapons we give to Islamic fundamentalists isn't the primary reason that ISIS and other terrorist groups exist.