The Organization of Petroleum Exporting Countries or OPEC, has had a say in global oil policies and prices ever since its inception in 1960.  The organization is home to the biggest petroleum producing countries and until recently it had immense power in determining just how much one barrel of crude would cost and the effects […]

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It is no secret to anyone that oil prices have been changing dramatically recently. Different political situations are taking place worldwide and oil prices seem to be more unstable than ever. Multiple threats to the use of oil pop up every day, such as wars between nations and environmental problems. One thing that not many […]

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Oil dependency is still alive and kicking.  While prices have fallen over the last couple of years, there is still significant demand for oil.  Many companies still need oil to produce some of their products and gas stations are usually pretty busy.  Alternative sources of energy and fuel may be gaining some ground, but their […]

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Climate change is something that nobody can avoid or deny. The truth is that there is something going on in our world and all individuals and industries are being affected by it. Currently, there is a climate phenomenon that is affecting America around the Caribbean Coast. This phenomenon is called Irma, and it is a […]

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Oil dependency is coming to an end!  Alternative energy is taking over!  Renewable energy will be the number one source of fuel!  These are just some common expressions that you will find in different news outlets and from the voice of environmentalists who would like nothing more than to see crude oil drilling and usage […]

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Venezuela is a pretty hot topic around these days.  It seems that what’s going on in the South American country is in the news on a daily basis.  The political situation of the nation has led to a lot of uncertainty regarding Venezuela’s biggest treasure: oil.  It’s no secret that the reserves that lay in […]

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Petroleum policies around the world need to be regulated, so petroleum exporting countries all work under the same parameters. To keep things even, two organizations have been created worldwide: the OPEC and the OAPEC. The Organization of Petroleum Exporting Countries or OPEC and the Organization of Arab Petroleum Exporting Countries or OAPEC are in charge […]

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So, anything interesting in the news lately?  Oh yeah, Venezuela just had a vote to instate a National Constituent Assembly that will change the political map of the country and which will likely lead the country into a dictatorship.  That’s not all.  Besides leaving more than a dozen deaths, Sunday’s vote could prove to be […]

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The prices of gasoline are a factor that says many things and not just the cost of the precious liquid, but also talk about the state of economic affairs, as well as the current sociopolitical unrest of a certain area in the world. A funny thing happens for example in the United States, where gas […]

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New renewable energies are making a dent in the market worldwide. Nowadays, energy securities along with the public’s concern for the environment are factors that drive the prices of oil up or down. However, while we do consider positive for the economy when the prices of oil are high as they as evidence of financial […]

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