Photo via Shutterstock The kingdom of Saudi Arabia sits upon the world’s second-largest oil reserves, and as such, oil dominates the national economy...
Our dependency on oil may just have been given another blow. According to recently released cables from WikiLeaks, the U.S. believes that Saudi Arabia is overstating its oil reserves by more than 300 billion barrels, or nearly...
One of the inexorable results of the developing shortage of oil is that prices will rise. It is a prospect that does not particularly concern the Saudi Arabian Administration, Minister Al-Naimi having recently inflated the...
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