Brazil's oil industry may be large and growing, but little of what Rousseff promised when elected in 2010- or before then as energy minister or chairwoman of state-run energy giant Petrobras- has come to pass.» Read More
Reports of police firing on protestors in the Saudi Arabian city of Qatif evoke a possible nightmare scenario for the disruption of oil from a country that sits atop the world's largest proven oil reserves.
The unrest in the Middle East is coming in waves. The tidal wave it has created at the pump is taking a big bite out of consumers wallets. We hear about our nation's untapped oil reserves but with the "no new wells" policy there is no hope it can be explored.