ANKARA/LONDON (Reuters) – Iran is sweetening the terms it offers on oil development contracts to draw the interest of foreign investors deterred by sanctions and low crude prices, as its pragmatic president seeks to deliver on his promise of economic recovery.
Global oil prices continued to plunge on Monday, aiding U.S. consumers at the pump while delivering a blow to oil-rich foreign adversaries.
President Obama is preparing to take executive action on immigration on the grounds that the American people are generally on his side and “can’t wait” for Congress to act. He is sorely mistaken.
As both houses of Congress ready votes on the Keystone XL pipeline, federal energy regulators on Thursday revealed a large year-over-year increase in the amount of oil transported by rail, particularly from areas that Keystone’s southern leg would serve.
Al Qaeda is urging jihadists to conduct attacks on U.S. and foreign oil tankers and strategic sea lanes in a new global campaign of economic warfare against the United States, according to the terrorist group’s latest English-language magazine.
Russia’s two trillion dollar economy, the eighth largest in the world, is buckling under the combined weight of ongoing financial sanctions imposed by the West and falling commodity prices, especially the price of oil.
Forget “all this bullshit about law and facts,” remarked Steven Donziger in 2007. “In the end of the day, it is about brute force.”
Donziger was a plaintiffs’ attorney attempting to extract billions of dollars from oil giant Chevron—by whatever means necessary. His observation on the role the “law and facts” played in his work nicely captured the character of the years-long campaign of fraud, bribery, and extortion he conducted on behalf of his clients.
Petroleum engineering is the college major that will produce the best salary after graduation, and it isn’t even close.
Rep. Bruce Braley (D., Iowa) sold stocks he owned in oil and gas companies that were worth between $9000 and $135,000 in 2013, just before criticizing his Republican opponent for being tied to oil industrialists in the Iowa Senate race this year.
American liquefied natural gas exports are reducing revenues at Russia’s state-owned natural gas company as the United States looks to punish the country financially for its invasion of Ukraine.