Trump has placed the US in a position to have its oil production manipulated by a cartel vying to remain relevant and a geopolitical rival seeking leverage.
Despite recent developments, the US has been unable to broker a longer term end to the price war between Saudi Arabia and Russia as the motives of the three states vary.
The climate movement does not typically look to the oil industry for its heroes. Yet as policymakers have begun to follow activists in pursuing supply side climate policy, figures within OPEC’s history deserve to be studied.
Assessments of recent developments in oil prices are problematic as delineations of the effects of market forces often lack sufficient complexity.
A brief introduction to OPEC, Organisation of Petroleum Exporting Countries, with links and media to further explore.
The decision of Saudi Arabia to let the Doha summit fail may be considered as a stone in the mosaic of Riyadh converting its foreign policy approach.
Riyadh has pulled off a clever maneuver by not signing a deal that it negotiated and agreed to as it has politically stalled its adversaries and has been a setback to its allies.
With vast oil and gas reserves to draw upon, Iran could transform itself into an energy superpower – yet there also remains a great deal of doubt.
With oil prices tumbling downward some are rejoicing, but by refusing to cut production OPEC has jeopardised the economy of some of its member states.
Representatives from the Organization of Petroleum Exporting Countries (OPEC) are meeting in Vienna this week and the looming threat of Copenhagen is clearly on their agenda. I wrote “threat of Copenhagen” because OPEC states are primarily devoted to selling a commodity that is a significant source of climate change.
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