U.S. Energy Secretary Sam Bodman has pleaded with Saudi Arabia for more oil, undeterred by OPEC’s cautious response to Washington’s request so far.
Bodman told reporters in Abu Dhabi there were short-term concerns about the performance of the U.S. economy and he was hopeful Riyadh would steer a decision to increase oil supplies at […]

Saudi Arabia says it has arrested 208 militants for involvement in cells planning an imminent attack on an oil installation, as well as attacks on clerics and security forces.
State television in the world’s biggest oil exporter said one of the cells was planning to smuggle in missiles. Al Qaeda sympathizers have mounted a campaign against […]

Slowly but surely the unthinkable is becoming thinkable. The days of “peak” are fast approaching, and such is the shortage of new areas coming on stream that there is a “production ceiling” to the amount of oil that can be pumped per day to an ever thirsty world.
Take the Wall Street Journal this morning. “A […]

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 […]

Captured al-Qaeda militants have “confessed” on Saudi media that last year’s foiled suicide attack on the world’s largest oil processing facility was part of a plot to strike oil installations in an attempt to draw U.S. troops into Saudi Arabia.
Four alleged members of an al-Qaeda terror cell arrested following the Feb. 2006 attack on the […]