Last fall Australia’s Senate, concerned about the future of the country’s oil supply, directed a standing committee to conduct an inquiry. The Committee was charged with investigating projections for the production and demand for oil inside Australia and globally, and the implications for the availability and price of transportation fuel. […]
The story broke the morning after Labor Day, when the Wall Street Journal ran a front-page piece reporting that Chevron along with two partners had announced the results of a major oil production test in the Gulf of Mexico. The partners Chevron, Statoil, and Devon Energy ran the test on […]
The world oil situation is quiet at the moment. Oil prices have dropped to their lowest level in 15 weeks due to the lack of any imminent geopolitical threats or looming hurricanes. The Iranian nuclear enrichment situation seems to be on hold for awhile as the US can’t convince China, […]
What a difference a month makes. Just four weeks ago Hezbollah and the Israelis were engaged in the heaviest fighting the world has seen since the US overran Iraq.
This week the UN is to come up with a sanctions resolution that will keep Iran’s two million barrels a day of exports flowing and at the same time convince Tehran to give up on uninspected nuclear enrichment.
The mini-crises relating to oil production springing up during the last few weeks seem to have settled down for a while. There is a ceasefire in Lebanon.
The Middle East, home to a third of the world’s oil production, is coming unglued in so many ways and in so many places that it is nearly impossible to track. One would have to be a complete fool, however, not to recognize one of the manifold costs of all […]
The guns began early. By mid-July, Israel and her various adversaries were locked in combat with bombs falling, rockets flying, reserves mobilizing and casualties mounting. As the fighting increased, observers noted the similarities between the assassination of Archduke Ferdinand in 1914 and the provocative abduction of two Israeli soldiers by […]