January 16, 2012

Gulf Confrontation Stretches Saudi Oil Output to the Max

Editors, United Press International


AP Photo

Saudi Arabia, the world's leading oil exporter, has for decades used spare production capacity to cover shortfalls in output by other oil states and prevent prices spiraling in times of crisis. But questions are being asked now whether the kingdom will be able to come to the rescue if Iran blocks Persian Gulf exports -- at least one fifth of the world total -- in its current confrontation with the West. . .

Read Full Article ››

TAGGED: Oil Prices, Energy Security, Global Oil Market, Foreign Oil, Saudi Arabia, United Press International

RECOMMENDED ARTICLES

October 17, 2013
It's Time to End Energy Subsidies
Jim Krane, The National
Smothered by the hullabaloo over the US government shutdown was an important call to action: Let’s end the staggering giveaway of nearly US$2 trillion in energy that goes to people who need it least. Related The IMF managing... more ››
October 17, 2013
From Peak Oil to Fossil Fuel Euphoria
Michael Klare, OilPrice.com
For years, energy analysts had been anticipating an imminent decline in global oil supplies. Suddenly, they’re singing a new song: Fossil fuels growing scarce? Don’t even think about it! The news couldn’t be better:... more ››
October 17, 2013
Oil Prices Would Skyrocket w/out U.S. Shale
James Clad, The Hill
Unheralded and unnoticed, American oil producers are helping stabilize global oil prices, which would be a lot higher if new U.S. oil supply, mostly from shale, weren’t reaching world markets. . . more ››
October 21, 2013
Russia, American & the Arab Oil Curse
Raghida Dergham, Huff Post
The compass of the geopolitical strategic balance of power is turning towards a qualitative relationship between the United States and Russia, following a phase of tension in their relationship, the features of which had clearly... more ››
October 25, 2013
Libyan Militias' Most Valuable Hostage
Wil Crisp, Christian Science Monitor
Militias have seized control of Libya's oil facilities to extract concessions from the government, bringing national oil production down to a third of what it was at the beginning of 2013. . . more ››