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 […]

Meanwhile at another meeting this week in Saudi Arabia, the security of oil supplies will be the central theme when Middle East and Asian oil ministers meet.
The meeting comes days after Riyadh said it had foiled a militant plot against its oil facilities. Asian importers - who buy 55 percent of their oil […]

The Persian Gulf states need to pump $523 billion over the next 25 years in exploration and production to meet a steady growth in global demand, according to the Abu Dhabi-based Emirates Centre for Strategic Studies and Research in a new book.

Saudi Arabia’s growing fear of Iranian influence in the Middle East may driving the world’s largest crude oil exporter to prepare a more aggressive long-term political oil strategy that would counter the Iranian ascendancy.
According to Dow Jones, “under a new, accelerated production program, the kingdom could increase its spare oil drilling capacity to at least […]