Islamic militants understand the importance of controlling petroleum resources. TOBIAS VANDERBRUCK | 2012/10/01 Iraq wars 1 and 2 were fought as much on the ground as in the media. Embedded journalism, the war on terrorism, toppling an evil dictator and spreading freedom were all images used to instill on the public, justification for the invasion […]

Lack of US refining capacity is partly to blame when gasoline prices spike. STEVE AUSTIN | 2012/09/04 The debate is raging in full swing: the dearth of new refineries in the US. Many are surprised to see the continued increase in oil prices despite the surge in domestic oil production. Could refineries be the missing […]

The Bakken formation spanning North Dakota, Montana and part of Canada contains more oil than the Persian Gulf. STEVE AUSTIN | 2012/08/13 Readers of oil-price.net have often wondered why the US isn’t self-sufficient in oil, that is, in spite of the perceived abundant reserves. They may have a point, just so. Let’s take a case […]