Big Oil Is Cashing In On Iraq Violence

By Nick Cunningham: The spike in instability in several oil producing regions around the world is threatening to knock some production offline, but it is also boosting profits for drillers operating in trouble-free zones. Oil prices have hit their highest levels in almost 9 months as places like Iraq, Syria, Ukraine and Libya continue to experience violence and […]

Iraq, Oil Markets and the U.S. Economy

The group is calling itself the Islamic State of Iraq and al Sham, translated as the Islamic State of Iraq and Greater Syria, or ISIS. And so it may come to be. From Friday’s Wall Street Journal: A militant Islamist group that has carved out control of a swath of Syria has moved into Iraq, conquering cities […]

Baghdad’s Hold on Kurdistan Slips Further as Oil Exports Begin

By Nick Cunningham: In what could prove to be an historic turning point for Iraq, the government of Kurdistan – the semi-autonomous region in the country’s north – has delivered its first shipment of oil to the international market, in defiance of the central government in Baghdad. The move could mark the beginning of greater geopolitical and […]