The final episode of this series explores what happens when oil becomes more and more inaccessible, while at the same time, new powers like China and India try to fulfill their growing energy needs.
The first in a four-part series that reveals how a secret pact formed a cartel that controls the world's oil.
March 2, 1983 - Pope John Paul II en route to Costa Rica in an appeal to end fighting in Central America, primarily El Salvador and Nicaragua. Saudi Arabia and Venezuela hint at lowering oil prices to OPEC. Storms batter California, Los Angeles - worst in years. $150BN Social Security bailout approved. Leading Indicator Index figures at 3.6%, biggest jump since 1950. Burlington Vermont re-elects first Socialist Mayor. Iraq attacks Iranian oil fields, claims 5 ships sunk including oil tankers. Funding and arms appeal to Contras proposed on Capitol Hill. Hmm.
Busy part of the world on this day. A lot of hijacking of airlines going on this day in 1981. Three Venezuelan planes alone were hijacked and had all landed in Havana. And if that weren't enough, a Libyan Airliner was hijacked and had landed in
With U.S. gas prices above the $3 level, the conservative echo chamber is in overdrive. While the Heritage Foundation warns "Obama will make you pay more at the pump" and Americans for Limited Government decries "Obama's war on energy," Brent
T. Boone Pickens: 'Way Too Much Is Being Made Of The Oil That's Coming Out There In The Gulf, All Of That Will Get Cleaned Up'
There are so many things wrong with this interview with T. Boone Pickens it's hard to know where to begin, but let's start with this statement: Picke
Well, sort of: Concerns over peak oil — that moment when oil demand exceeds global oil supply — has produced little more than a disdainful eye
While I'm sure this little honeymoon will be short-lived, it certainly is interesting to see the shoe on the other foot: LONDON -- The International