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Posts Tagged "opec"

Observations

40 Years after OPEC Oil Embargo, U.S. May Finally Get Off Imported Crude

oil-drums graph

So you think President Barack Obama’s calls for energy independence have seemed a bit starry-eyed? Well, every U.S. president since Richard Nixon has publicly called for the country to become self-sufficient. Why? Because of oil. Specifically, oil imported from Middle Eastern nations of the Organization of the Petroleum Exporting Countries (OPEC). The ongoing chorus stems [...]

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Observations

40 Years Later: Electric Cars and the OPEC Oil Embargo

Oregon’s odd-even plan reduced the lines at gas stations during the fuel crisis in the fall and winter of 1973-74. This station was servicing cars with even-numbered last digits on their license plates on an even-numbered calendar day. Image credit: David Falcone, National Archives and Record Administration

The 1973 oil embargo triggered a mad rush of electric-vehicle research. Forty years later, we’re seeing the results

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Plugged In

Competition Between OPEC, U.S. Drives Oil Prices to Four-Year Low

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On Thursday, the Organization of Petroleum Exporting Countries (OPEC), an economic cartel responsible for approximately one third of global oil production, announced it would not decrease its rate of oil production. The announcement comes despite steadily decreasing global oil prices over the past several weeks, indicating that OPEC and its chief member Saudi Arabia are [...]

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Plugged In

What we really mean is energy security

Bringing the good stuff. Credit: William S Stevens/EPA

We can’t insulate ourselves from global oil markets, but we can have more control.

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Plugged In

World’s First Oil Cartel – Deep in the Heart of Texas

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One hundred and eleven years ago today – on January 10, 1901 – an oil gusher rang in a new era in energy leadership. This was the day when a plume of oil surged almost 100 feet into the air at Lucas No. 1, at Spindletop near Beaumont, Texas. This well continued to spew oil [...]

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