The Trump administration is threatening to destroy Iraq’s economy by withholding a critical source of money that is controlled by the Federal Reserve. The threat is a response to the Iraqi parliament’s unanimous decision to end Washington’s 17 year-long military occupation. The Iraqi people and their representatives in parliament are incensed by the recent assassination…
Whenever a major oil-producing region is engulfed in prolonged warfare, speculation starts to abound regarding all the potential changes to its oil and gas policy and the companies willing to take a share in its projects. The future of Iraqi oil production seems more or less settled for the upcoming years with international majors operating…
The outsized role of U.S. Israel lobby operatives in abetting the theft of Syrian and Iraqi oil reveals how this powerful lobby also facilitates more covert aspects of U.S.-Israeli cooperation and the implementation of policies that favor Israel. Kirkuk, Iraq — “We want to bring our soldiers home. But we did leave soldiers because we’re…
The prevailing wisdom that sees explosive and long-term potential for U.S. shale may rest on some faulty and overly-optimistic assumptions, according to a new report. Forecasts from the U.S. Energy Information Administration (EIA), along with those from its Paris-based counterpart, the International Energy Agency (IEA), are often cited as the gold standard for energy outlooks….
The US has deployed hundreds of troops backed by armored vehicles into oil fields located in Syria’s northeastern Deir Ezzor province, where they are reportedly building two new bases. Turkish media have reported that large quantities of construction equipment and materials have been sent into the region, along with the troops, tanks, armored personnel carriers…
In recent remarks to a Pennsylvania shale oil producers’ convention, US President Donald Trump, noting the spectacular growth in shale gas as well as shale oil over the past decade, remarked that unconventional shale energy had made “America the greatest energy superpower in the history of the world.” On first look the achievement has indeed…
