Pacific salmon are ingrained in the culture and economy of Canada. They are also a key link between ocean and land. But what happens if a pipeline failure contaminates their habitat?
The Navy converted to oil from coal a few years before the U.S. entered World War I, helping to solidify petroleum’s strategic status.
Naval History and Heritage Command
Before World War I, petroleum had few practical uses, but it emerged from the war as a strategic global asset necessary for national stability and security.
OPEC has been declared dead in recent months as the group of oil-exporters has been unable to agree on a plan to stabilize the market. But was it really ever alive in the first place?
The first years of the millennium were kind to government finances. A benign economic environment, and a once-in-a-century commodity boom fuelled by Chinese growth, helped the Federal budget to a cumulative…
Oil-enriched kingdom: Saudi Arabia’s Shaybah oilfield complex at night in the Rub’ al-Khali desert.
Ali Jarekji/Reuters
American consumers may welcome lower gas prices, but the drop in oil revenues could impact Arab Gulf states and Middle East security. A scholar examines the realities of decreased oil revenues.
The vivid pink pools of Western Australia’s Hutt Lagoon are the world’s largest algae farm.
Steve Back (used with permission)
We have the technology to make oil from algae, rather than digging up crude oil from organisms that lived billions of years ago. But bringing it to market will take a force of economic and political will.
Nigerian youth celebrate presidential candidate Muhammadu Buhari’s victory. Youth unemployment will continue to threaten the continent’s growth.
Reuters/Goran Tomasevic
How realistic are expectations about Africa’s economic prospects? There are several reasons why we should be both optimistic and cautious about the continent’s future economic performance.
Ever since its unification as a nation state in 1932, the Kingdom of Saudi Arabia has been an oil-dominated economy. Most improvements and setbacks in its economic and social indicators can be invariably…
Oil prices have dropped to levels not seen in years. It’s not all good news.
Reuters
The recent drop in crude oil and gasoline prices in the United States is a nice stocking stuffer for consumers this holiday season, but it could turn into a lump of coal. A global oil glut has caused the…