Can OPEC Agree on Oil Production Policy?

by Alex Stout The fall in the price of oil from $115/barrel in mid-2014 to $27/barrel this year has had a devastating impact on petro-states all over the world. Whereas the Kingdom of Saudi Arabia, the world’s top oil producer… Continue Reading  

Fear of a Hot Planet

by John Feffer An extreme weather event hits Norway. Finally shocked into doing something radical about climate change, Norwegian citizens propel the Green Party into government, where it declares an immediate suspension of oil and gas production. The new prime… Continue Reading  

The Geopolitics of Cheap Oil

by John Feffer The market was supposed to save the planet. That, at least, was the argument of many economists grappling with the problem of climate change. As fossil fuels became scarcer, they pointed out, the price of oil and natural… Continue Reading  

The Pope, Markets, and Volkswagen

by Paul R. Pillar Anticipating this week’s visit by Pope Francis, different political factions and interests in the United States have been hoping to hear words from the popular pontiff that are consistent with their own agendas. They also are… Continue Reading  

Big Oil in Retreat

by Michael Klare The plunge of global oil prices began in June 2014, when benchmark Brent crude was selling at $114 per barrel. It hit bottom at $46 this January, a near-collapse widely viewed as a major but temporary calamity for the… Continue Reading