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{ Category Archives } Oil

Iraq and U.S. Confer on Iraqi Economy

The New York Times
November 1st
 
Representatives from Iraq and the United States met on Saturday, November 1st, to discuss ways to stimulate the Iraqi economy.  With oil prices as low as they are, Iraq is struggling to find new sources of income, given that 95 percent of Iraq’s revenue comes from oil exports.  American officials stressed [...]

Middle East caught in the crisis

BBC News October 23, 2008
 Summary: Economists survey the Middle East’s challenges of their global financial system. Robert Mabro, an energy economist and former director of Oxford Institute for energy studies, comments on the challenges that the Middle East will face, if they are not already. It is said that such crises like financial and associated [...]

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Jangling Nerves

Article found in the Economist:
This current event briefly gives an overview of the state in which Yemen is in right now. Yemen is located in the south of the Arabian Peninsula west of Oman and south of Saudi Arabia. Recentl, two car bombs went off outside the American embassy in Sana’a, Yemen’s capital. This attack [...]

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WMR - “Hundreds Face Saudi Terror Trials”

I already posted my WMR, but I just found this really interesting article on the CNN website “Hundres Face Saudi Terror Trials” http://www.cnn.com/2008/WORLD/meast/10/21/saudi.terror.trials/index.html
Here is the CNN Story Summary:
“991 suspects were rounded up in anti-terror raids
Rights group asks Saudi govt. for permission to send observers to the trials
Says some of those arrested in sweeps have little [...]

WMR - Price of Oil Falls Drastically

•Jordan Bach-Lombardo, October 18, 2008

 

•”Oil Prices Slip Below $70 a Barrel”, 10/16/08 — Column

 

•The New York Times — http://www.nytimes.com/2008/10/17/business/worldbusiness/17oil.html?_r=2&th&emc=th&oref=slogin&oref=slogin

 

•Article Summary
 
Time – The past few months, the time it has taken for oil prices to drop from $145 a barrel to less than half that.
 
Place – The world oil market
 
Key People/Groups – OPEC, oil consumers, the [...]

WMR 2: Russian-Georgain Conflict Impacts the Middle East

The Middle East in the News - WMR 2
 Your Name and Date:  Victoria Wilmarth 10/12/08
 Title of Article: Russian-Georgian Conflict Impacts the Middle East
 Source of Article:  World Press http://www.worldpress.org/Mideast/3247.cfm
 
Article Summary
Time: Summer – Fall of 2008
 Place: Georgia and Middle East
Key People: Russia, Georgia, Iran, Turkey, NATO
Vocabulary:  Baku-Tbilisi-Ceyhan (B.T.C.) is the second longest oil pipeline in the [...]

Iran Asserting Itself in the Strait of Hormuz

The six Arab Gulf Cooperation States (GCC) have condemned Iran for setting up offices on three disputed islands near the Strait of Hormuz, through which much of the world’s oil is shipped.  The islands - Abu Musa, Greater Tunb, and Lesser Tunb -  are claimed by both Iran and the United Arab Emirates (UAE). The GCC [...]

Iraq’s Oil Industry is Looking for Foreign Investors

Story from the BBC
 

Does Oil Wealth Fuel Conflict?

Michael L. Ross, Associate Professor of Political Science at UCLA, notes the following correlation between oil and human conflict:
“The world is far more peaceful than it was 15 years ago. There were 17 major civil wars - with ‘major’ meaning the kind that kill more than a thousand people a year - going on at [...]

Oil Prices Hit $109+

Oil prices are at a new all time high. High prices may be here to stay, say economists, unless the world goes through a protracted recession.
Go to story from BBC