Showing results for tag "iraq"

Get Ready For The Third “Oil Shock”

Big Middle East wars are often catastrophic for global oil supplies. This makes sense. The Middle East accounts for more than 40% of global oil exports. So, a big conflict in the Middle East often triggers a big spike in the price of oil. Take the 1973 “oil shock,” for example. Oil prices suddenly spiked… […]

That Time a Norwegian Shipper Held Iran’s Oil Hostage

It set the stage for a multi-billion dollar empire…

A Tale of Two Leaders

Government waste and market manipulation are pushing the US toward an unprecedented financial catastrophe…