Saudi Arabia Could Lose SR795 Million Per Day If Oil Use Not Checked

By Khalil Hanwar A group of economic experts has warned that the Saudi Arabia stands to lose SR795 million per day by using oil to generate electricity and for water desalination, and called for tapping renewable and alternative energy resources. According to statistics, the Kingdom’s current oil consumption stands at 4.2 million barrels per day, … Continue reading Saudi Arabia Could Lose SR795 Million Per Day If Oil Use Not Checked

Market Meltdown Means More Pain For Oil Producers – OpEd

By Zachary Fillingham Supply-side downward price pressure has been the story of global energy prices over the past year: newfound supply from the Shale Revolution, OPEC’s gambit of market-share grabbing inundation, and new supply coming online from Iraq and soon Iran. The result was a plunge in oil prices from $115 in mid-June 2014 to … Continue reading Market Meltdown Means More Pain For Oil Producers – OpEd

Ralph Nader: Lo, The Poor Enlightened Billionaire – OpEd

Among the hundreds of billionaires and megabillionaires in the U.S., there are more than several enlightened persons upset by the problems our society faces who could make serious improvements possible. The next step is breaking down a roadblock of sorts. A prominent, very rich businessman summed it up when he said to me: “Ralph, we … Continue reading Ralph Nader: Lo, The Poor Enlightened Billionaire – OpEd

Aspirations And Policies – OpEd

Political rhetoric tends to obscure the difference between aspirations and policies. Aspirations are goals people would like to achieve, whereas policies are the means for achieving them. For example, the Obama administration has mandated automobile fuel efficiency standards that require a fleet average of 54.5 miles per gallon by 2025. This is an aspiration, not … Continue reading Aspirations And Policies – OpEd

Tajikistan Bans Islamic Opposition Party

Authorities in Tajikistan have followed through in their mounting campaign against their strongest political opponent by banning the Islamic Renaissance Party of Tajikistan. The statement on August 28 from the Justice Ministry was curt and categorical. “The Islamic Renaissance Party of Tajikistan is no longer a republican party,” the statement said, according to a report … Continue reading Tajikistan Bans Islamic Opposition Party