Archive for March, 2012

Iran Next?

Thursday, March 29th, 2012

Tension between Israel & the US and Iran has been growing the past few months. The economic sanctions are really starting to hurt Iran, but they are also hurting the West with higher oil prices. Blocking Iran’s oil exports is a big sacrifice in today’s tight oil market. (more…)

Peeing Your Pants Just to Stay Warm

Thursday, March 15th, 2012

The US and Great Britain are back at it, releasing their strategic oil reserves “in an effort to prevent high fuel prices derailing economic growth in an election year”. Last year, they did the same thing while Libya’s oil production was offline. The effect on oil prices lasted for  a whopping two weeks back then. This year’s action is, if possible, even more short-sighted. (more…)