Oil exporting countries are smiling all the way to the bank these days, except Iran. The price of Brent crude oil touched $75.89 a barrel, while the US West Texas Intermediate reached $70.52. The Chinese also experience a similar rise, where yuan-traded Shanghai futures surged to an all-time high in US dollars at $72.54 on…
One of the hallmarks of the War on Terror has been the invasion of Iraq that took place in 2003. To justify the invasion the US gave false claims of “Weapons of Mass Destruction”, a term meant to evoke fear in the minds of the American people. It was often repeated that these weapons would…
The Venezuelan oil industry is currently embattled in two large lawsuits that may have a very serious impact on the future of Venezuelan oil production. The situation for the industry has been precarious since the introduction of the Bolivarian revolution. The state oil company seized (for the most part) from the capitalist class had been…
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