US soon to overtake Russia as top oil producer

US soon to overtake Russia as top oil producer

Pump jacks are seen in the Midway Sunset Oilfield in California in this April 29 file photo. (Photo: Lucy Nicholson, Reuters)

Reuters, Today's Zaman

The United States will become the world's largest oil producer next year - overtaking Russia - thanks to its shale oil boom which has transformed the global energy landscape, the West's energy watchdog said on Friday.

Natural Gas Resources May Be Backstory in Syria War

Sami Nader

No one can ignore the reality any longer now that the conflict raging in Syria has evolved beyond the simple question of a people fighting for the right to participate in government and determine their own fate. Nor can the conflict be defined solely within the parameters of a Sunni-Shiite contest — despite an undeniably sectarian aspect to the fighting.

The east Mediterranean gas dilemma

Amanda Paul

With Europe still on the hunt for new gas sources to further reduce its dependence on Russia, gas discovered around Israel and Cyprus could potentially end up in Europe. There remains a small problem, however: how to get it there.

Scottish government pledges to set up North Sea oil funds after independence

Oil fund

Gannet Alpha platform. Photograph: Royal Dutch Shell/EPA

The Scottish government has pledged to establish two oil funds after independence to save surplus tax receipts from North Sea oil and gas, in an attempt to bolster support for a yes vote in next year's referendum.

Libya oil crisis imperils badly needed investment in energy

Staff Writers Tripoli, Libya 

Libya's seemingly endless security crisis has crippled its all-important energy sector, slashing production from 1.4 million barrels per day to as little as 250,000 bpd, and has driven off urgently needed foreign investment to develop Libya's battered oil sector.


South China Sea Festers

Michael Mazza

September 18, 2013

*Michael Mazza is a research fellow in foreign and defense policy studies at the American Enterprise Institute.

With all eyes focused on Syria, and reasonably so, the peace that has held in Asia for the past three decades continues to slowly slip away. And while recent developments in the South China Sea, in particular, may seem like par for the course, they point to a less stable future.

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