OPEC

Iran threatens to close Strait of Hormuz if West imposes oil sanctions

by News Sources 12.27.2011

The New York Times reports: Iran issued a blunt warning on Tuesday that it would block the Strait of Hormuz, the world’s most important oil transit point, if Western powers attempt to impose an embargo on Iranian petroleum exports in their campaign to isolate the country over its suspect nuclear energy program. The warning, issued [...]

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The U.S., oil and the Middle East uprisings

by News Sources 10.02.2011
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OPEC rulers pay their subjects $1 trillion to keep quiet

by News Sources 09.20.2011

Bloomberg reports: Saudi Arabia will spend $43 billion on its poorer citizens and religious institutions. Kuwaitis are getting free food for a year. Civil servants in Algeria received a 34 percent pay rise. Desert cities in the United Arab Emirates may soon enjoy uninterrupted electricity. Organization of Petroleum Exporting Countries members are poised to earn [...]

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WikiLeaks: Saudis often warned U.S. about oil speculators

by News Sources 05.31.2011
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NEWS & ANALYSIS: The sliding dollar

by Paul Woodward 11.19.2007

The dollar’s decline: from symbol of hegemony to shunned currency By Andy McSmith, The Independent, November 17, 2007 The decline of the dollar, symbol of US global hegemony for the best part of a century, may have become so entrenched that some experts now fear it is irreversible. After months of huge and sustained turmoil [...]

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