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ISIS Threatens Iraq's Oil Upside

July 10, 2014 by Geoffrey Styles
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ISIS and Iraq Oil Threat

Last month's blitzkrieg advance of Al Qaeda spinoff ISIS in northwestern Iraq rattled global oil markets and politicians. Yet even as the rebel offensive appears to stall, the escalation of risk in Iraq and its neighbors could affect geopolitics, oil supplies and fuel prices for the rest of the decade.[read more]

Where The US Got Its Oil From in 2013

June 25, 2014 by Robert Rapier

As events in Iraq continue to unfold, we have been getting quite a few queries on just how much oil the US imports from Iraq. The Energy Information Administration tracks US oil imports and finished product exports, and I recently tabulated our Top 10 sources of crude oil imports from 2013.[read more]

Energy Quote of the Day: 'The Flood May Just be a Trickle'

June 25, 2014 by Jared Anderson

Iraq Chaos and Oil Markets

As the situation in Iraq continues to develop, oil market bulls and bears are currently battling over the degree to which the worst sectarian violence since United States troop withdrawal will exert upward price pressure and lead to other market changes and risks.[read more]

Expect Dire Consequences if Syrian Contagion Spreads to Oil

June 23, 2014 by Amy Myers Jaffe
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Among the dismal reports coming out of Iraq, a seemingly minor but highly significant item was news that ISIS and the Iraqi government were battling over the Baiji oil refinery near Tikrit. The Baiji oil refinery, news reports noted, could be a key installation in providing fuel.[read more]

Energy Quote of the Day: 'Very, Very Safe'

June 13, 2014 by Jared Anderson

Iraq and Energy Risks

Analysts and traders have their eyes trained on Iraq, where an Al Qaeda splinter group known as the Islamic State in Iraq in the Levant seized control of Mosul – the country’s second largest city – and have reportedly made advancements toward a strategic oil refining center.[read more]

Energy Quote of the Day: 'We Would be in a Position to Send this Oil to World Markets'

April 26, 2014 by Jared Anderson

Kurd Oil Exports

The dispute over oil exports between the Kurdistan Regional Government and Iraqi federal leadership in Baghdad rattles on, with Turkey becoming increasingly vocal. Iraqi officials have yet to cement a national oil law that would standardize regulations covering exports and revenue distribution.[read more]

Oil’s Divisive Influence in Iraq

January 14, 2013 by Amy Myers Jaffe

It has long been speculated that oil can be a driver for civil conflict, and one needs to look no further for evidence than the sectarian power politics that is threatening the possible devolution of the Iraqi state. The recent announcement by the government that Iraq is seeking to build a 1 million b/d pipeline to Aqaba, Jordan, is not evidence that Iraq is seeking to boost its economic building efforts, but rather a geopolitical hedge.[read more]

More Long-Term Pressure on Oil Prices

January 18, 2012 by Geoffrey Styles

A pair of items in today's Financial Times could signal a longer run of high oil prices, even if Europe were to slip into recession and economic growth elsewhere slow. Geoffrey Styles explains how the combination of Saudi Arabia's increase of its target oil price and Venezuela's volatile leader will affect long run oil prices.[read more]

Troubles Realizing Iraq’s Oil Potential

July 28, 2011 by Amy Myers Jaffe

Does Iraq have what it takes to shake up the global energy market? Oil production capacity growth in Iraq and Saudi Arabia hold the key to future oil market stability, but the outlook for gains in the near to intermediate term looks cloudy, according to a new study by the Baker Institute. Political instability in a number of oil-...[read more]

New Poll of Iraq and Afghanistan Veterans Finds Overwhelming Support For Clean Energy Climate Legislation

April 7, 2010 by Matt Dernoga

The following is a press release by VoteVets, who continues to make a strong case for comprehensive clean energy and climate legislation to protect our national security. Vets launch compelling national and state television and online ad campaign in support of issue WASHINGTON, DC – A compelling new poll of Iraq and Afghanistan...[read more]

Iraq Oil & Gas Production:Geopolitical Compromises and Kurdish Autonomy

January 12, 2010 by Robert Rapier

The following guest essay is by Kevin Kane. Kevin is a market analyst, economist, Asia political affairs strategist, and Korean language linguist living in Seoul, South Korea. Kevin previously published American Freedom from Oil: A Bipartisan Pipedream. ------------------- Iraq Oil & Gas Production: Geopolitical Compromises and...[read more]

The Other Countdown

December 16, 2009 by Geoffrey Styles

I missed commenting on the latest round of oil deals in Iraq, which could see that country's output quickly double and eventually quadruple, causing no small amount of anxiety within OPEC. It's looking increasingly likely that the world may need that oil sooner rather than later, though. While the backdrops of photos from Copenhagen...[read more]

Cheap Oil

November 6, 2009 by Geoffrey Styles

When the US invaded Ba'athist Iraq, many ascribed that action to a desire to seize the country's vast oil reserves and develop them on terms favorable to us, presumably to keep the days of cheap oil rolling on. After six years of oil prices far above their pre-war level, the last vestiges of that theory should be laid to rest by a...[read more]

The End Of the Oil Age is Near, Deutsche Bank Says

October 6, 2009 by Big Gav

Keith Johnson at the WSJ's Environmental Capital blog has a post on a recent Deutsche Bank report predicting peak oil in 2016 - Peak Oil: The End Of the Oil Age is Near, Deutsche Bank Says. The report notes that if the cost of the war in Iraq was taken into account, prices at the pump would soar - "If the US government taxed US gasoline...[read more]

Price signals and free markets lead to oil exploration: who’d a thunk it?

September 24, 2009 by Lynne Kiesling

From a good article in today’s New York Times: 2009 is turning out to be a bumper year for new oil discoveries; new oil discoveries always occur, but this year has been unusually fruitful. This quote from the article illustrates the important dynamic intertemporal incentives that price signals provide: These discoveries, spanning five...[read more]