Petroleum

The process is already well underway

No, Saudi Can’t Save Trump from High Gas Prices

It would take up to a year for Saudi Arabia to ramp up production to its maximum theoretical capacity

Trump Admin. Tries to Strong-Arm World into Halting Iranian Oil Imports by Nov. 4

The United States warned Tuesday that countries around the world must stop buying Iranian oil before November 4 or face renewed sanctions

Featured

Could Saudi Plans for $100/ Barrel Oil Hugely Expand Electric Car Market and Save Tesla?

Juan Cole

Saudi plans to raise oil prices may inadvertently accelerate the growth of the electric vehicle market.

Petroleum

Trump slams OPEC cartel over higher oil prices; Does he fear Carterization?

contributors

Donald Trump slammed OPEC on Friday, complaining the cartel was keeping crude oil prices high.

European Union

Iran formally switches from dollar to euro

contributors

Middle East Monitor | – – Iran’s feud with the US is set to get worse after Tehran announced yesterday that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency due to political tension with Washington. Central […]

Petroleum

Why Electric Cars are Better: Massive Keystone Pipeline Oil Leak Twice as bad as Thought

contributors

TeleSur | – – The spill gave further ammunition to environmental groups and other U.S. opponents of another pipeline the company has proposed, the long-delayed Keystone XL. The Keystone crude oil pipeline leak in November in rural South Dakota was nearly double the original estimate, making it one of the largest U.S. inland spills since […]

Denialism

How Trump’s Gutting of Tailpipe Standards will make China Auto Leader Worldwide

contributors

By Greg Dotson | (The Conversation) | – – The Trump administration on Monday, April 2, took steps to ease pollution and efficiency rules for new passenger cars and trucks, giving automakers a reprieve from more stringent Obama-era standards. But in the process, the move could yield global leadership in the auto sector to the […]

China

Could China oil Exchange & Green Energy pull the plug on the Dollar?

Juan Cole

By Juan Cole | (Informed Comment) | – – Kate Duguid at Reuters reports the alarm at UBS that China’s new oil futures exchange will hurt the standing of the dollar as the world’s reserve currency. That development in turn would start the reverse snowball down the hill, with the dollar falling against other currencies, […]