A ‘New Oil Order’?
Experts declare a "new oil order" in which hydrocarbons will lose market share to renewables. But is it market conditions or geopolitics that explain the current price slump?
Experts declare a "new oil order" in which hydrocarbons will lose market share to renewables. But is it market conditions or geopolitics that explain the current price slump?
World War 4 Report offers its annual annotated assessment of Obama's moves in dismantling, continuing or escalating the apparatus of the Global War on Terrorism.
Ecuador will pay $1 billion to US oil giant Occidental following a settlement in a case over cancellation of a massive contract in the Amazon basin.
Obama nixed the Keystone XL pipeline a day after announcing he will sign the Trans-Pacific Partnership—which includes mechanisms for challenging the KXL cancellation.
The Interior Department announced the cancellation of two pending Arctic offshore lease sales—as Alaska's governor makes a new push to open the ANWR to oil companies.
The US Department of Commerce agreed to allow limited crude oil trading with Mexico, easing a ban on crude exports that has been in place for 40 years.
A court in China ruled that a lawsuit against ConocoPhillips China and China National Offshore Oil for a 2011 oil spill can proceed under a new law allowing NGOs to directly sue polluters.
Russia Today trumpets specious claims of a new Little Ice Age—convenient propaganda for Putin to go on exploiting Arctic oil without worrying about global warming.
For the first time in nearly 80 years, Mexico opened its oil industry to foreign investors, offering 14 offshore exploration blocs—but only two sold, and not to industry majors.
Obama's five-year plan for offshore drilling opens up the Southeast coast and grandfathers Arctic leases—but the industry is still griping because it would keep ANWR off limits.
Experts tell us the North American shale oil boom is responsible for low prices despite Middle East unrest. But the price slump serves Western aims of weakening Russia and Iran.
The president of Colombia's Ecopetrol, Javier Genaro Gutiérrez, announced that the state oil company will start processing licenses for the use of fracking technology.