America's LargestPosts Tagged oil production
OPEC Adheres to Planned Production Cuts, Stops Falling Oil Prices
Throughout its history, OPEC has had difficulties following through on agreed-upon reductions in oil output. As a HEAT Zone post from last November explained, the member nations of OPEC have very different resources and political alignments. These differences are most apparent in times of low oil prices, when less wealthy member nations “cheat” on the [...]
Read More »Israel Reminds that Geopolitical Events Are Biggest Factors in Determining Oil Prices
Until the fall of 2008, voters and political pundits seemed to agree that the deciding issue in the upcoming presidential election would be the war in Iraq. Many cited Barack Obama’s firm anti-war stance as an important factor in his victory in the Democratic primaries and caucuses. By election day, however, the Iraq war as [...]
Read More »Low Oil Prices Setting Causing Cutbacks in Oil Projects; Stage is Set for Future Price Spike
Low oil prices have been a welcome relief for heating oil and gasoline users around the country–fuel prices that were at or near record highs as recently as six months ago are now 25 to 50 percent lower. Even better, it appears as though low oil and energy prices will remain low for at least [...]
Read More »The Future of Oil: Peak Oil Theory
As we’ve previously discussed on the Zone, crude oil supply and its related price have huge effects on the world today. The price and value of crude oil can change the price you pay for heating oil and make or break Iran’s economy. So what role will this crucial commodity play in the [...]
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