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Chakib Kheklil

Oil Piracy, OPEC, Saudi Arabia, You and Me

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

For the first time ever, an unguarded Saudi oil tanker displacing 318,000 tons (the size of a small island), sailing off the Kenyan coast, was picked off by a band of pirates operating a motorized dinghy.

While The World's Economies Are Reeling, OPEC Wants Us To Pay More For Oil

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

With OPEC's volition to keep prices at artificial and egregiously high levels, they have forever lost all semblance as suppliers who can be relied upon in good times and bad.