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
“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
If the world were a playground, energy demand might be the seesaw, with each nation trying to achieve a balance between its people’s needs and its own ability to produce or import petroleum resources. For the decades that the US was the world’s largest energy consumer – a consumer lar
Talk of American energy independence isn’t new. Even if we use as a marker President Richard Nixon’s November 1973 “Project Independence” pronouncement, in which he described his plan to wean the US off foreign oil (particularly from Middle Eastern suppliers), it’s safe to say that d