Tag Archives : oil

Angola is poised to become the darling of the global oil industry. Although the country is a ‘corrupt, underdeveloped and war-scarred country’ and ‘one of the poorest lands on earth,’ it is a place of vast natural resources and immense potential wealth. Oil and diamonds comprise 99 percent of Angola’s exports. It has also been inviting foreign [...]

Turkey has finally loosened its alliance with the West and ‘turned its focus toward its former Ottoman neighbors in Asia and the Middle East.’ Pursuing this trend, ‘it will be as strategically significant for the balance of power in the region as the emergence of Iran as a preeminent power thanks to the collapse of the Soviet Union and the later [...]

The US war on the Taliban is founded on something deeper, but actually more obvious, than waging a war against militant insurgency and/or ideology. ‘The short answer is that today, as has been the case since 1979, neither a specific ‘militant’ nor ‘ideology’ is ‘being fought.’ Rather, the target of operations, for which more troops are [...]

Sarah Palin believes that oil is here to stay for the US, and that renewable energy and domestic oil development should go hand-in-hand. “Alternative sources of energy are part of the answer, but only part. There’s no getting around the fact that we still need to ‘drill, baby, drill!’ And if those in D.C. say otherwise, we need to tell [...]

Modern Iraq is all about oil. It exists for and because of it. Its turmoil and troubles are due to it. Wars have been waged on the country’s soil because of the black gold mine that lies under the ground. Iraq has ‘one of the world’s great hydrocarbon preserves,’ with proven oil reserves of 115 billion barrels. It is the third largest oil [...]

The alarming pollution levels in China have now become a global concern. Fueled by the spoils of its fast emerging economy, the people of China have become voracious consumers, an effect of what some call as the country’s ‘money-induced euphoria.’ This consumerism has brought about a need for raw materials. Upwards of 75 percent of all its forests [...]

‘Almost all the water bodies around the world are polluted and need cleansing’. Most of you would surely agree with me on the statement and so does the Chinese industrial designer Ye Yao; otherwise, he would’ve never created the WatCleaner. Frontrunner of the “Excellent Works” designation in Japan Design Foundation International Design Competition, [...]

The sorry state of its facilities, a decade of international embargo, successive wars, and the alarming state of its finances today forced Iraq to reopen its oil deposits to foreign capital and expertise. The decision of the government of Nouri al-Maliki to auction ‘service contracts’ for the operation of Iraq’s six largest oil fields and two [...]

The considerations have now become political. Today, the production is safer in the deep offshore. The ‘new frontier’ of Nigeria’s oil which is near the coast or in the Delta is a veritable war zone for oil where militants declared war against major oil players and foreign authorities. Several facilities of major oil companies have been under [...]

Venezuelan President Hugo Chávez celebrated 10 years in power on February 2. It was a day of celebrations across Venezuela, a feat that the political opposition calls as massive propaganda. It was a day of joy for the government and distaste for the opposition. Faced with a polarized Venezuela, Chavez said that the revolution is the government and [...]