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Conflict/Dispossession

News update

7th July 2014

The Peak Oil Crisis: Iraq on the Precipice From Oilprice.com ISIS now has control of one of three major refineries in Iraq which supplies the motor fuel and oil for power stations for the northern part of Iraq. Let’s assume, however, that before this year or next is out, Iraqi oil exports drop substantially as…

ENERGY

News update

19th June 2014

Iraq crisis: India braces for Rs 20,000 cr hole in budget as oil could rise to $120 per barrel From Firtsbiz.com India’s government sees oil prices going as high as $120 per barrel for three to four months because of fighting in Iraq, potentially driving a hole of at least Rs 20,000 crore ($3.4 billion)…