Posts tagged ‘Foreign Oil’

August 17, 2011

OPEC Under New Management; Iran’s Management – Gal Luft

OPEC Under New Management; Iran’s Management. The recent appointment of Islamic Revolutionary Guards veteran Rostam Ghasemi as Iran’s new petroleum minister is not only the Islamic Republic’s latest poke in America’s eye but it is also harbinger of things to come with respect to Iran’s petro-politics.

Ghasemi, a notorious hardliner and the head of the economic wing of the Guards, is personally sanctioned by both the EU and the US. In his new position he will be able to do exactly what his patron Mahmoud Ahmadinejad explained in his nomination support speech before the Majlis: “transform this complex [oil industry] in line with national interests.”

August 15, 2011

Guest Column: Energy policy should focus on becoming energy independent – Opinion – Heritage Newspapers – Jerry Mader

Guest Column: Energy policy should focus on becoming energy independent – Opinion – Heritage Newspapers. Today, America is under tremendous financial pressure due to our continued federal policies to spend more money than our government brings in. We hear all about entitlement reform and “belt tightening” plans, but energy is mostly ignored.

But, do you realize that America sends one half a trillion dollars to other countries every year in the form of oil imports which contributes to our crisis?