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By Michael Paul Mason

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Tag: Opec

Goodbye to the Old Oil Order

Replacing the petroleum-fueled world we’ve known for decades is an anemic, possibly even declining, demand that is likely to force suppliers to fight over a diminishing market.

Posted on May 2, 2016 READ MORE


Square, Category Page

Are the Fracking Vampires Going Bust?

Oil is crashing, and gas prices at the pump keep sliding lower and lower. As of October, a barrel of Brent crude (the global standard) is selling for less than $50—nearly half of what a barrel cost last year at this time. What does all of this mean? You wouldn’t think that a significant drop in oil prices could actually be a good thing for the environment and a bad thing for Big Oil and dirty frackers, yet it may well be.

Posted on Oct 28, 2015 READ MORE

Why an Oil Glut May Lead to a New World of Energy

While most oil-company executives continue to insist that a turnaround is sure to occur in the near future, some analysts are beginning to wonder if oil’s diminished profitability doesn’t actually signal a fundamental transformation of the industry.

Posted on Aug 14, 2015 READ MORE

The Real Story Behind the Oil Price Collapse

With demand stagnant and excess production the story of the moment, the very strategy that once generated record-breaking profits for the oil industry has suddenly become hopelessly dysfunctional.

Posted on Mar 13, 2015 READ MORE

irrezolut (CC BY-SA 2.0)

Mission Accomplished for Big Oil?

Big Oil has replaced U.S. troops in Iraq, and the country’s oil output, crippled for decades, is growing again, with Iraq recently reclaiming the number two position in the Organization of the Petroleum Exporting Countries. Now there’s talk of a new world petroleum glut. So is this finally mission accomplished?

This piece originally appeared at TomDispatch.

Posted on Aug 23, 2012 READ MORE

gfpeck (CC BY-ND 2.0)

Big Trouble in Little North Dakota

With 18 million Americans unemployed, thousands from across the country are flocking to North Dakota amid an oil boom there. The state now produces more oil than many members of OPEC and could soon make America the world’s top oil producer.

Posted on May 14, 2012 READ MORE

Israel’s Insatiable Zionism

Israel’s Zionism turned capitalism is getting out of hand; Postmodernism is dead, leaving many to question what it was in the first place; meanwhile, the Americas are projected to replace the Middle East as the energy capital of the world. These discoveries and more after the jump.

Posted on Aug 20, 2011 READ MORE

American Solutions

Is Rampant Speculation Driving Up the Price of Oil?

It seems everyone’s got a pet theory about why the price of oil has jumped roughly 30 percent since the start of the year. Right- wingers blame a conspiracy hatched by President Barack Obama to strangle domestic oil production and push his “radical” green agenda on an unsuspecting America ... (more)

Posted on Apr 28, 2011 READ MORE

oil prices

OPEC: War With Iran Would Cause ‘Unlimited’ Oil Price Hike

The price of oil is bad now, but it could get much worse, according to OPEC Secretary-General Abdalla Salem el-Badri, if Iran became embroiled in a military conflict with the U.S. or Israel. If a war occurs, Badri says, there’s no telling how high oil prices might climb.

Posted on Jul 10, 2008 READ MORE

oil price graph

Oil Hits New High, Again

The price of a barrel of crude oil has doubled over the last year, reaching a record $135 on Thursday. With dwindling supplies and a weak dollar, analysts expect the price to go up for some time.

Posted on May 22, 2008 READ MORE

Ahmadinejad and Chavez
AP photo / Vahid Salemi

Chavez and Ahmadinejad Huddle in Iran

Venezuelan President Hugo Chavez stopped off in Tehran to meet with Iranian President Mahmoud Ahmadinejad on Monday after the weekend’s OPEC summit in Saudi Arabia, marking Chavez’s fourth trip to Iran in two years.  During their tête-à-tête, the two least likely leaders to drop in for dinner at the White House discussed, among other things, the dollar’s recent and precipitous decline.

Posted on Nov 19, 2007 READ MORE

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