Tag: petroleum

“This hub of horrors is a nightmare waiting to happen … The people deserve better than false economic hope and toxic neighbors.”

With a Busted Business Model, Oil Economies Head for the Unknown

In as little as fifteen to twenty years, petroleum may be illegal in some places; and will be in retreat everywhere.

Sweden has cancelled an arms sale with Saudi Arabia because of the way they jailed and fogged blogger Raif Badawi, which has ultimately hurt the two country's relationship. This may lead to Sweden focusing more on green energy since their petroleum purchase usually comes from Saudi Arabia.

Oil prices continue to plummet, hurting states in the U.S. such as North Dakota, where fractured petroleum can't compete with the prices. Yet, King Salman refuses to change the policy or give up Saudi Arabia's oil market share.