June 19, 2014

The Global Economy Still Needs Saudi Arabia

Steve LeVine, Quartz

The Associated Press

The US shale oil boom is said to be reducing the world’s long-running dependence on Saudi Arabia. But the upheaval in Iraq appears to be reviving the kingdom’s centrality to the global economy.

Read Full Article ››

TAGGED: OPEC, Global Economy, Middle East, Iraq, Energy, Natural Gas, Oil, Saudi Arabia

RECOMMENDED ARTICLES

June 11, 2014
A New Map, Defined by Gas
Vali Nasr, New York Times
Get ready for a new map of global economic power, this one redrawn by American shale gas. It could change the landscape in two ways: reviving hope for American manufacturing, and prompting an American-Russian rivalry over the... more ››
June 18, 2014
Russia's Silver Lining
Chris Weafer, Moscow Times
In the midst of so much economic uncertainty and questions over how Russia will be able to attract the volume of foreign investment it desperately needs to boost long term growth, the one piece of good news is the price of oil. more ››
June 6, 2014
Brazil's Bumpy Path to Oil Superpower
Vinod Sreeharsha, Miami Herald
Brazil’s efforts to become one of the world’s major oil producers have attracted businesses such as U.S. drilling giants Halliburton and Baker Hughes, gained it partnerships with oil companies from India and China, lured... more ››
June 11, 2014
Will China Rescue America's Coal Industry?
Luiza Savage, Maclean's
For a while, coal demand looked to be insatiable in the rapidly industrializing country. Demand in China increased almost fivefold between 1980 and 2010, according to the EIA. The U.S. government projected last year that Chinese... more ››
June 7, 2014
An Energy Plan to Impoverish America
Daniel McGroarty, RealClearWorld
After one of the longer political drum-rolls in policy wonkery, President Obama announced this week the proposed new EPA rule for cutting carbon dioxide emissions to combat climate change. The goal, expressed in 645 pages of... more ››