At this State of the Union address, President Obama proudly stated that “American oil production is the highest it’s been in eight years” and declared that his Administration would “open more than 75 percent of our potential offshore oil and gas resources.” While President Obama spoke favorably of the role that oil and gas development […]
Senior Iranian religious leader Ayatollah Ahmad Khatami said on Friday that Iran is already a nuclear state and that Americans have not realized that. “The United States says it will not allow Iran to be nuclear, but it is so blind that it hasn’t noticed that Iran has already become a nuclear state,” Khatami was […]
Yesterday, President Barack Obama rolled through Las Vegas to push for federal investment in clean energy vehicles, making his pitch at a UPS plant, escorted by a motorcade of 22 fossil fuel-burning vehicles. We haven’t seen anything this ironic since Al Gore hopped on a private jet to promote his global warming flick “An Inconvenient […]
Iran continues to claim it is reaping the rewards of European sanctions even amid a deep currency crisis that rocks Tehran. In fact, the oil ministry in Tehran claims the embargo would leave Iran unscathed while inflicting “heavy economic loss” on the “people of Europe, who have been affected by crisis”. The result would be […]
On Wednesday, president Obama rejected the TransCanada’s permit application to construct a 1,700-mile pipeline from Alberta, Canada, to Texas refineries. Join us on Friday from 12-1 for our “Lunch with Heritage” chat. We will be joined by Heritage’s energy expert Jack Spencer. He will be taking your questions about why the decision was made, what the […]
Iranian Ambassador to South Korea Ahmad Masoumifar on Wednesday said there is a high demand for Iran’s crude oil supplies and Tehran has no problem maintaining exports. Masoumifar also shrugged off Iran’s shrinking pools of customers, saying “we (Iran) are producing about 80 million barrels [of oil] and there is demand for about 90 million.” […]
Even as Western officials try to tamp-down the drums of war with Iran amid spiking oil prices, Saudi Arabia says it is ready to go to war to defend its interests. Former Saudi intelligence chief Prince Turki al-Faisal told delegates at a Gulf Cooperation Council conference that Riyadh will use “all available options” to defend […]
Enraged Iranian officials are vowing retaliation against Israel, the US and the UK over the latest assassination of a nuclear scientist, 32-year-old Mustafa Ahmadi Roshan, in Tehran. A former Iranian ambassador who served in Mexico and Italy recommended that an American being held in Tehran be executed in retaliation for the assassination. “The terrorist attack on […]
Washington on Thursday placed sanctions on three companies from China, Singapore and the United Arab Emirates for selling refined oil products to Iran, AFP reported. The Treasury placed sanctions on Zhuhai Zhenrong Co. of China, which it called the largest supplier of refined petroleum products to Iran, the report said. The sanctions came a day […]
The United Arab Emirates says ensuring free and safe navigation in the Strait of Hormuz is the responsibility of all major importers of oil. The position was laid out by UAE Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan on Tuesday during a visit from Japanese diplomats. “This isn’t just the responsibility of the Gulf […]
