Remembering past struggles against oil: Ida Tarbell, Mohammed Mosaddegh and Ken Saro-Wiwa.
In the short-term his political base may be happy, but in the long term, once again Trump has shown that by opening his mouth he has shot himself in the foot.
They came. They talked. They talked some more. They failed to reach a deal. And so the turmoil within the global oil industry continues.
So the slide continues with no end in sight. As expected this morning, the oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran.
As world leaders converged on the Swiss town of Lausanne over the weekend, their historic deliberations about Iran’s nuclear programme were said to have reached the “end-game” before the deadline at the end of the month.
The American Petroleum Institute, along with Senator Lugar (R-IN), has grasped the recent threat of a crisis in the Strait of Hormuz as the perfect opportunity to peddle its misinformation about Keystone XL and U.S. energy security. The Strait of Hormuz is a narrow channel of ocean between Iran and Oman through which some 17 … Read More
Ever since Greenpeace outed the Koch brothers as the largest financiers of climate change denial, the secretive brothers have started getting much more media attention. The fact that they are also major backers of the controversial Tea Party movement – with its loathing of environmental protection and dismissal of climate change – has added to … Read More
Poor old George. He doesn’t quite get it. He doesn’t quite understand that what he does with his right hand impacts what he does with his left. Take the thorny issue of Iran. There is increasing speculation that Bush wants one major shot at Iran before he leaves office. Writing in the New Yorker this … Read More
Iran, OPEC’s second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official has admitted. It is a concerted attempt to reduce reliance on Washington at a time of tension over Tehran’s nuclear program and suspected involvement in Iraq. Iran has dramatically reduced dependence on the dollar over the past … Read More
Even as the United Nations maneuvers toward a vote on expanded sanctions against Iran – which Beijing has reportedly approved – China’s main offshore oil and gas company is reported to have signed a $16 billion deal to develop an Iranian gas field. In doing so, China is maintaining its position that it does not … Read More