This Letort Paper analyzes the new global oil market. It shows how the price of oil reflects the confluence of four interrelated factors. First, the Paper explores why the supply of oil has been soaring in the world. Second, it…
As Iran edges closer to acquiring a nuclear bomb and its missiles extend an ever darker diplomatic shadow over the Middle East and Europe, Iran is likely to pose three threats. First, Iran could dramatically up the price of oil…
The author considers the critical questions of U.S. military presence in the Gulf, the challenges it faces, and the prospects that lay ahead. He relies, in his presentation and analysis, on a variety of regional sources including newspaper reports and…
In an attempt to regain some control of the strategic commodity, Washington developed special relationships with the two foremost oil procedures, Iran (under the Shah) and Saudi Arabia. In 1979 the Shah was overthrown and, with the rise of the…