In an interview with ABC, President Obama gave his views of opening the U.S. oil reserves to combat high oil prices: “We are monitoring the situation very closely. The strategic petroleum reserve was designed for when oil actually shuts off,” Obama told ABC. “The reserves, I think, are something that we’ve got to be very […]
The LA Times has a very interesting article today that takes an in depth look at the Middle East and who is really becoming victorious with the Iraq War: The Islamic government in neighboring Iran watched with trepidation in March 2003 when U.S.-led troops stormed Iraq to overthrow Saddam Hussein’s regime and start remaking the […]
Iraqis face the dire prospect of losing up to $200bn (£116bn) of the wealth of their country if an American-inspired plan to hand over development of its oil reserves to US and British multinationals comes into force next year. A report produced by American and British pressure groups warns Iraq will be caught in an […]