From the category archives:

OPEC

Turning Oil Into Water: The Middle Eastern Resource Accident Waiting To Happen?

July 10, 2009 · 1 comment

in Middle East , OPEC , agriculture , commodities , energy , oil , sustainability , water

“Saudi Arabia isn’t just running out of oil — it’s running out of water.  So is the whole region.”  So explains Jeff Rubin in his latest book, Why Your World Is About To Get A Whole Lot Smaller (2009) (read my review of Jeff Rubin here).
If you thought it was bad enough to see the [...]

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The OPEC Oil Consumption Cycle and the Dangers of Cheap, Subsidized Energy

July 9, 2009 · 4 comments

in OPEC , energy , international economy , oil

OPEC (Organization of the Petroleum Exporting Countries) was created in Baghdad in 1960 as an intergovernmental organization with 5 founding members: Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.  Since then, other members have come and gone, including Qatar, Ecuador, Indonesia, UAE, Algeria, Nigeria, Angola, and Gabon.
According to OPEC’s site, “OPEC’s objective is to co-ordinate and [...]

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