The US Congress has passed new sanctions targeting Russia’s energy companies. Among the other notable aspects of the sanctions is that they take some authority away from the US president (who used to be able to implement some measures but not others at his discretion) and give it to Congress. ( Read more... )
If the Japanese Navy had instructed the pilots to attack only the oil storage tanks in Pearl Harbor- the two oil tankers and the dry dock
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while America cheers its status as the new oil superpower, the rest of the oil-producing world has been growing angry. Very angry. Saudi Arabia... Iran... China... Venezuela... Russia... ( Read more... )