1948 marked a monumental discovery in the world of oil, which would impact the ways in which the U.S. and the world received crude oil. In the early 1940s, American geologists working for Standard Oil of California were searching for oil in Saudi Arabia. They discovered a geo...
Man Who Foresaw Oil Crash Bets Against Saudi ArabiaMatt Egan
OPEC and OPEC+ are groupings of oil exporting countries that use supply quotas in an effort to secure the highest long-term prices for their members Both groups set their supply targets by consensus, though Saudi Arabia plays an outsized role as the top exporter with most spare capacity. ...
Starting in 1908 with the discovery of oil in Persia, our story has always been about transitions – from coal to oil, from oil to gas, from onshore to deep water, and now onwards towards a new mix of energy sources as the world moves into a lower carbon
Dubai is a classic example of what an oil-rich country like United Arab Emirates can do when they use their wealth productively in creating a pro-market and pro-growth paradise in the desert. UAE is ranked the 22nd freest economy in the world and first in the Middle East, sligh...
Terrance meant the world to all of us inDoctor Whofandom. I’d say that every single fan who discovered the show in the 20th century owes at least half their fandom to him. To the episodes he wrote, to the stories that he commissioned and ghost-wrote, to the huge pillars of continuity...
with his oil and banking cartel messes. Comey was there for the Bush/Clinton criminal families for Whitewater, Khobar Towers bombing in Saudi Arabia, the pardon of Marc Rich, NSA domestic surveillance, Benghazi scandal, Hillary’s email scandal, Clinton Foundation investigation, Anthony Weiner’s ...
As for inflation, are not the prices of gold, silver, oil and other commodities flashing signals that it is on the way? In denouncing Bernanke, even the Chinese are not all wrong. They have followed the monetary policy we created at Bretton Woods in 1944, where we tied the dollar to go...
Saudi Khurais Field: Looks Like Easy Oil May Be Gone from Arabia, Too by Gregor Macdonald happycajun Khurais was discovered way back in the '50s, when Aramco was trying to get a handle on just what they had potential-wise in the consession area. They were obligated to cede back to the...
It’s a little weird that I’m bidding for Treasuries against the Saudis, isn’t it? Well, you might actuallywantto bid against them, depending on where oil prices are at the time. But no, you’re not setting prices in a Treasury auction with your bids. Together with any other normi...