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
by Sara Vakhshouri Saudi Arabia’s energy policies are unlikely to change despite the fact that longtime energy minister, Ali al-Naimi, was removed on May 7 and Khalid al-Falih appointed as his successor. There has already been much speculation and concern about… Continue Reading
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
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
by Sara Vakhshouri The nearly 50-percent plunge in global oil prices since June 2014 has provoked a variety of analysis and speculation. Some see the hand of Saudi Arabia behind this drop, as part of an effort to squeeze Iran, its… Continue Reading