The world oil market is in the grip of a slow-motion supply shock, in which a $70 to $75 barrel price reflects an aggregate disruption of over 2 million barrels a day.

Fourteen months ago, oil seemed to be in a bull market ? then Asia collapsed, … This is basically a gross domestic product crisis driven by Asia, so the real prospects are whether you think...

The starting point for energy security today as it has always been is diversification of supplies and sources.

There are ample supplies beneath the surface of the planet to have significant growth in oil supply for quite a number of years. The technology is there, the resources are there. But the real question...

We are living in a different world now. You can see it everywhere in international relations: It was noteworthy that, after his visit to Washington, the Chinese president’s next stop was Saudi Arabia.

We’re expecting another 20 cents more than where we are,

Everywhere in the world, moving from control to decontrol of prices creates turbulence and also political costs.

We experienced similar fears in the 1880s, at the end of World War I and II. And we ran out in the 1970s.

This is the fifth time that we’re supposedly running out of oil,

The North Sea was supposed to run out in the 1980s. Then in the 1990s. And now production is still on-line.

The Iranians know they hold high cards because of oil.