The profit margins Big Oil requires are no longer to be made in Saudi Arabia but in Iran and Iraq. Once the US concludes a nuclear deal with Iran, Big Oil will see to it that it sticks, and Washington can turn its attention to the true cause of … [Read more...] about The Iran Deal Through an (Oil) Glass Darkly
Contributor: Chris Cook*
The Oil Market Crossroad
Left: "The number one crude oil exporter, Saudi Arabia, has projected a $39 billion deficit in 2015. The impact of lower oil prices, along with the decision not to cut production, is putting pressure on the country’s finances." It is virtually … [Read more...] about The Oil Market Crossroad