Archive for the ‘oil’ Category

Sunday, August 31st, 2008

Oil: Iran’s secret weapon

by Warren

For all the bluster and possible danger of Iran getting its hands on or building its own nuclear weapons, the country’s vast oil resources tend to be forgotten. High oil prices mean Iran can not only keep pursuing its nuclear ambitions with relative impunity, its also able to work around the sanctions thrown at it by the UN.

Wednesday, May 14th, 2008

High gas prices are here to stay

by Warren

Gas prices are creeping ever upward, a trend that makes me happy that I don’t own a vehicle. But according to Wired‘s car blog, Autopia, the rising price of fuel isn’t a temporary phenomenon. Demand from China and India, a tightening supply, and a slowing American economy are all to blame. And then there are speculators who will likely keep prices high, even if other factors ease off. Bottom line? Get a bicycle.