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Organization Of Petroleum-Exporting Countries
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Forty years ago this week, America received a harsh lesson about the dangers of relying on others for energy. President Nixon's decision in the midst of the Yom Kippur War to resupply Israel with U.S. weaponry gave members of the OPEC cartel an excuse to embargo oil supplies to this country and drive up prices worldwide. It became known as the "oil shock" of 1973.
The rapid growth of U.S. oil production is transforming global markets and easing supplies just as China and the rest of the developing world move to overtake the developed world for the first time in consumption, the International Energy Agency reported Tuesday.
For Americans who came of age in an era marked by worries about scarce world oil supplies, dominant international oil cartels and unrest in the Middle East, the times are changing — quickly.
Move over OPEC. There's a new cartel in town — this one aimed at driving up the price of tea.
The Obama administration would do itself and our economy a great service if it brought back the office of energy czar for the purpose of making this book's thesis a reality -- and made its co-authors, Anne Korin and Gal Luft, co-czars.
When the tiny desert nation of Qatar was chosen to host the latest round of United Nations climate change negotiations, environmentalists were stunned.
If we can get your attention off Dred Scott II — the Supreme Court decision on health care costs with its byzantine political implications — something perhaps as fundamental for the U.S. and world economies is happening: a second fossil fuel revolution.
OPEC oil ministers have decided to keep a production target of 30 million barrels a day, citing mounting world economic concerns for their decision. OPEC oil ministers have decided to keep a production target of 30 million barrels a day, citing mounting world economic concerns for their decision.
OPEC ministers are coming into a meeting deeply divided over how much crude to pump, with Saudi Arabia keen to keep a lid on prices, rival Iran pushing to cut production and Iraq expected to back Iran, its longtime foe under Saddam Hussein.