The movement to rescind the current ban on US exports of crude oil appears to have some serious momentum. As we’ve been tracking over the past month, this debate has become part of the American discourse – from politicians and politicos to businesses and special interest groups. Read

I started focusing on Singapore more than a year ago, and I’ve been continually impressed at how the country is continuing to develop. This is especially true for the oil industry, which accounts for 5% of Singapore’s GDP—a high percentage for a country with no significant oil and gas

The Arab oil embargo of the 1973 might have ended in less than a year, but its repercussions hound us today. In fact, the embargo – coupled with the stock market crash of 1973-1974 – is regarded in some circles as being the first event since the Great Depression to have a persistent e

Let’s step back and get some historical perspective on the defining mood of the early 1970s and the events that prompted the US ban on exporting our crude oil. The video below is from October 17, 1973. In it, NBC’s John Chancellor reports on OPEC’s plan to cut exports of oil to the US