When Iran continued to enrich uranium despite UN Security Council resolutions and sanctions on Iranian exports by the US and EU, it seems that this oil-rich OPEC nation, accustomed to practicing strong-arm tactics in an energy-fueled geopolitical landscape, failed to notice one pretty
We Americans grumble over “the pain at the pump” and bemoan the high costs of heating and cooling our homes. Compared to many places in Europe and Asia, though, we’re getting off fairly easy. For example, the current price for a gallon of “petrol” in Great Britain is hovering at about
Today’s shale revolution goes well beyond an increased supply of energy at home. Granted, the energy changes taking place in the US have not necessarily been good news for the “petro-states.” Nations that rely on petroleum production to support their economies are never happy to see a
“He who has oil has empire.” –Advisor of French Prime Minister Georges Clemenceau, December 1919 Oil has been called the lifeblood of the world economy. Whoever controls more energy resources has – pardon the pun – more power. As worldwide oil consumption has grown exponentially duri
“Oil and gas is what starts wars.” So says Chris Faulkner, CEO of Breitling Energy Corporation, a Texas-based shale exploration and production company bidding on oil and gas blocks in the United Kingdom. Like thousands of other US energy executives, Faulkner is closely monitoring Ame