Questions tagged [oil]

Use for questions relating to fuel oil, the fossil fuel and commodity.

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1
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4answers
287 views

Is petroleum a valid explanation of why the U.S. military fought the first Iraq war?

Why couldn’t the U.S. have bought petroleum from Iraq after they took control over Kuwait’s oil supply?
3
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3answers
356 views

What powers, if any, does POTUS have to ban fracking on private or state owned property?

One of the flashpoints in the current presidential contest, especially in Pennsylvania, is the issue of fracking. I have no doubt that the President and Federal government maintain jurisdiction over ...
9
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4answers
608 views

Why didn't the Gulf countries diversify their economy in the last 70 years so that they can become less dependent on oil?

In the Gulf, oil was discovered in the early 20th century. This is the 21st century and these gulf countries are still far behind diversifying their economy. Why? Why didn't the Gulf countries ...
1
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1answer
150 views

Why might the size of companies make it harder for governments to tax them?

Before the changes of the 1960s and 1970s, the size of the oil firms and their ability to collude made it almost impossible for governments to collect the rents from oil companies that by right should ...
4
votes
3answers
399 views

Why does France support Haftar?

According to Politico, it's because Haftar controls the oilfields among other things. Is it a legitimate fear that Haftar would cut France off oil otherwise? Or is it a strategy for quicker peace?
2
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1answer
150 views

Did US threaten Iran to prevent its tankers delivering oil to Venezuela?

Recently, Iranian tankers delivered oil to Venezuela - which is badly needed, while Venezuela is under US embargo and sanctions. In Iran that was claimed as victory. But were there any direct threats ...
4
votes
2answers
152 views

What steps has Saudi Arabia taken to diversify its economy?

It is now almost four years since then Deputy Crown Prince Mohammed bin Salman announced his "Saudi Vision 2030" plan, a key theme of which was to provide the country with a "thriving economy" by "...
5
votes
2answers
461 views

Saudis vs Russia on oil: Saudis wanted lower production, but are now doing the opposite. What's going on? [duplicate]

From what I understand the Saudis wanted to reduce oil production and increase price, and Russia did not. So, to punish Russia, they are increasing production and reducing the price. This strikes me ...
38
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6answers
12k views

Why has Russia declined OPEC's request to cut oil production?

On Friday, Russia declined to participate in a plan devised by the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) to cut oil production levels, in order to keep oil prices steady ...
6
votes
1answer
121 views

Is Turkey busting the US (oil) sanctions on Iran?

What is known about the extent of Turkey's compliance with US sanctions on Iran? I've read some conflicting reports. One from May said that Turkey completely stopped buying Iranian oil, obeying US ...
1
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2answers
141 views

Are (or were) US companies involved in exploiting the Kurdish-controlled oil fields in Syria?

Trump said recently about the oil fields in the Kurdish controlled area of Syria: We’ve secured the oil. If you remember, I didn’t want to go into Iraq. I was a civilian, so I had no power over it. ...
5
votes
1answer
241 views

Why does Guyana let international companies explore resources in territory reclaimed by Venezuela?

From what I know, one of the major issues between Guyana and Venezuela is that the Guyanese government has started negotiations with Exxon-Mobil to drill and produce oil in disputed territory, as you ...