July exports dip despite rising Basra output Iraq maintained near-record export levels in July due to rising output from Basra, which helped offset disruptions to northern oil sales caused by political disputes and pipeline outages. The State Oil Marketing Organization (SOMO) reported an average 3.105 million barrels per day (bpd) of exports in July (a total of 96.245
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With the skyrocketing growth of unconventional oil and natural gas production in the U.S., an intense debate on the impact of energy exports on U.S. consumers, the nation’s energy and economic security and foreign policy has become a major topic of interest. Throughout its history, the United States has attempted to ensure energy security by regulating the price of oil, control
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As U.S. shale and Canadian oil sands companies continued to pump out crude, Saudi Arabia let its taps flow and the subsequent plunge in the oil price threw a wrench in their rivals production plans In the high-stakes contest between the United States, the biggest shale oil producer, and Saudi Arabia, the biggest oil exporter, America has blinked first. The OPEC refusal to cut
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Politicians and activists may love to talk about renewable energy sources, but in today’s world fossil fuels are still king. Indeed, as technology has developed in recent years, previously unreachable oil and gas reserves, like shale gas, have become huge sources of industry. Using data from British Petroleum’s 2013 statistical review of world energy, we calculated the countri
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Based on territorial gains in Syria and Iraq by the Islamic State of Iraq and Al-Sham (ISIS), the recent declaration of an Islamic State (Khilafah) has laid to waste President Obama's claim that the US (having withdrawn military forces from Iraq in 2011) left behind "a sovereign, stable and self-reliant Iraq." This was evidenced by a recent statement he gave to CBS news that IS
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