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Middle East Oil

Falling Oil Prices Reveal America's Fracking Trap -- And Saudi Arabia's Continued Energy Dominance

Alexis Crow | Posted 12.18.2014 | World
Alexis Crow

Far from leading America to a future of energy independence, the fracking boom has locked the country into a high-cost game.

One Path Led to Green Energy, the Other to Oil Wars -- Guess Which One We Chose

Tom Engelhardt | Posted 01.23.2014 | Green
Tom Engelhardt

There's a crossroads moment in our recent history that comes back to me whenever I think of our warming planet.

Bad News About Gas Prices

AP | JONATHAN FAHEY | Posted 06.09.2012 | Money

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...

Arab Spring Economies Need More Than Oil to Thrive

James Doran | Posted 05.05.2012 | World
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.

Don't Know Much About Oil

Barry Levinson | Posted 04.09.2012 | Politics
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.

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

Carl Pope | Posted 03.07.2012 | Green
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.

Iowa Then and Now

William Bradley | Posted 02.29.2012 | Politics
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.

America and Oil, Declining Together?

Michael T. Klare | Posted 11.15.2011 | Politics
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.

Global Stocks Hit Highest Level In Nearly Three Years

Posted 06.21.2011 | Business

(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 ...

Attacks On Libyan Oil Fields Cause Global Price Hike

Posted 06.08.2011 | Business

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...

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

Josh Garrett | Posted 05.25.2011 | Business
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.

When We Demand Cheap Gasoline, We Are Demanding Disaster

Johann Hari | Posted 05.26.2011 | Green
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.

Libya's Largest Gas Exporter Nears Complete Production Halt

AP | By COLLEEN BARRY and CASSANDRA VINOGRAD | Posted 05.25.2011 | Business

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...

Is the House of Saud Next?

Jeffrey Rubin | Posted 05.25.2011 | Business
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.

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

AP | Posted 05.25.2011 | Business

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

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

Michael T. Klare | Posted 05.25.2011 | World
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.

The Coming Oil Crisis and Your Investments

Dan Solin | Posted 05.25.2011 | Business
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?

"Democracy Is the Worst Form of Government"

Gary Hart | Posted 05.25.2011 | Politics
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.

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

Mitchell Bard | Posted 05.25.2011 | Green
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.

US Foreign Policy in the Middle East: Thoughts for Change

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

Bush fails to win Saudi help on gas prices

AP | TERENCE HUNT | Posted 05.25.2011 | Business

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