Oil

America’s Pain Is the Ecosocialist’s Pleasure

An Earth Day reminder

oilThe town of Cushing, Oklahoma, lies about halfway between Tulsa and Oklahoma City. With a population of just under 8,000, Cushing is unremarkable save for the fact that, thanks to an accident of history, thousands of barrels of West Texas Intermediate oil are delivered to and distributed from there every month.

Saudi Arabia, Russia Raise Stakes in Oil Price War

DUBAI/MOSCOW (Reuters) - Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia and effectively rejecting Moscow’s overtures for new talks.

Sen. Cotton Discusses Iran Tensions and Tanker Seizure

'We've totally crushed them with our sanctions'

Sen. Tom Cotton (R., Ark.) discussed recent tensions with Iran Tuesday during a radio appearance on the Hugh Hewitt Show. Hewitt asked Cotton for his thoughts on President Donald Trump's recent comments on Iran, in which he argued that the regime was enduring great economic and domestic difficulties.

Iran’s Revolutionary Guards Seize Foreign Tanker

Attacks on tankers near the Strait of Hormuz have unsettled crucial shipping lanes

DUBAI (Reuters) - Iran said on Thursday it had seized a foreign tanker smuggling fuel in the Gulf, and the U.S. military commander in the region said the United States would work "aggressively" to ensure free passage of vessels through the vital waterway.