If Americans are hurting from $3 gasoline, wait till they feel the pain of $4, or even $5, diesel fuel. We’d better get ready, because it’s probably on the way. On Monday, the price of diesel reached an all-time high of $3.21 per gallon, and that may be just the beginning of a long-term rise.
Read moreAccidents happen. And in the case of BP, or any other refiner, an accident every few years is perfectly understandable. Two accidents in the span of a couple of months, well, that’s understandable, too.
Read moreAs the Iraq war becomes ever more futile, the similarities — and more important, the differences — between George W. Bush and Lyndon B. Johnson become more pronounced.
Read moreIt doesn’t matter if Matthew Simmons is right about Saudi Arabia’s future oil production capability or not. Even if he is wrong, he’s right.
Read moreFor all of you out there waiting for George W. Bush to fire Karl Rove: Don’t hold your breath.
Read moreLee Raymond has repeatedly dismissed the notion of peak oil. Whenever the laconic CEO and chairman of Exxon Mobil gets questioned about future oil production, he’s invariably bullish. Just last month, during an interview with Petroleum Intelligence Weekly, he said flatly, “the world is not running out of oil.”
Read moreForget the Arab “street.” America’s problem in the Arab world may lie with the taxi drivers. During an early May trip to Israel and Palestine, I asked every taxi driver I met the same question: Why did America invade Iraq?
Read moreAn odd new alliance has formed between environmental groups, labor groups and pro-Iraq war neoconservatives.
Read moreIt would be easy to blame it on Richard Nixon. He started blathering about “energy independence” shortly after the Arab oil producers raised prices and launched an embargo against the U.S. in October of 1973. Within weeks, oil prices quintupled and the American economy went into seizures.
Read moreThe March 15 meeting of the OPEC ministers in Isfahan, Iran, will be remembered as a tipping point in the history of the energy business.
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