In the late winter of 2006, the citizens of Burlington, Vermont prepared to elect one of five candidates to a three-year term for an open mayor’s seat.  At one forum, a citizen stood up and asked, “Within the next mayoral term, it’s likely the price of oil will hit $90 a barrel and gas will […]

Iran has warned France it is prepared to go ahead with a major gas project with Total using Iranian firms alone if the French oil giant gives in to political pressure and does not swiftly implement the deal.
‘I have a message for French President (Nicolas) Sarkozy,’ Caretaker Oil Minister Gholam Hossein Nozari told reporters late […]

As oil prices continue to rise, Iran has warned that OPEC would not allow itself to be pressured by consumers in the face of rising oil prices, saying current record crude highs were good for oil exporting countries.
‘The talk that OPEC is a provider and a regulator of prices and therefore can be pressured is […]

Iran’s sacked oil minister has issued a parting warning to President Mahmoud Ahmadinejad, predicting a looming “catastrophe” in the Iranian energy sector because of high consumption.
“If we do not find a solution to the energy problem in the next 15 years, the country will face a catastrophe,” Kazem Vaziri Hamaneh was quoted as saying at […]

A key US Congressional committee has voted overwhelmingly to pass a wide-ranging bill that would toughen U.S. sanctions on Iran and on companies that invest in the country.
Although the bill, if passed into law, would sanction any investment in Iran, it particularly targets oil and banking. It requires the president’s administration to enforce the Iran […]