petroleum

Goodbye to the Old Oil Order

May 2, 2016
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.

Energy Wars of Attrition: The Irony of Oil Abundance

Mar 11, 2016
The oil attrition wars may not lead us into a future of North American triumphalism or even to a more modest Saudi version of the same but into a strange new world in which an unlimited capacity to produce oil meets an increasingly crippled capitalist system without the capacity to absorb it.
Join our newsletter Stay up to date with the latest from Truthdig. Join the Truthdig Newsletter for our latest publications.

Political Turmoil in a Time of Low Energy Prices

Jan 13, 2016
The current rout in oil prices threatens a profound shift in the geopolitical fortunes of major energy-producing countries. Many are already experiencing economic and political turmoil, and the longer low prices persist, the more devastating the consequences are likely to be.

To Drill or Not to Drill — That Is the Question

Mar 4, 2015
Major oil company Royal Dutch Shell wants to drill in the Chukchi Sea this summer. In the long term, that could spell doom for one of the last great relatively untouched oceanic environments on the planet.