Tag: oil industry

Forces loyal to the Saudi-backed Yemeni president cheer on a road in Abyan province as they take part in an operation to drive Al-Qaeda fighters out of the southern provincial capital, on April 23, 2016

Al-Qaeda Still Making Big Money from Yemen Oil

Al-Qaeda has suffered some battlefield setbacks in chaotic Yemen, but the terror organization still controls highly profitable oil fields in the southern regions of the country and has been taking advantage of fuel shortages to reap huge profits.

300,000-tonne Japanese tanker Mogamigawa is seen in this undated photo released by Kawasaki Kisen Kaisha Ltd. in Tokyo January 9, 2007. The large crude carrier and a U.S. nuclear submarine collided in the Arabian Sea, but there were no injuries or oil leaks, officials at the... REUTERS/KAWASAKI KISEN KAISHA/HANDOUT (JAPAN)

Popping the Iranian Cork in the Strait of Hormuz

Eight major maritime chokepoints, through which oil tankers transit, exist globally. Seventeen million barrels of oil daily pass through one of them — the Strait of Hormuz.

Fracking (David McNew / Getty)

Fracking Productivity Doubling Every Two Years

From fewer than 50 barrels a day in 2009 to 400 barrels today, fracking technology has advanced at a pace that has doubled oil well production every 2 years. That pace of productivity improvement is almost identical to the computer industry’s Moore’s Law, which expects the speed of processing chip to double every 2 years.