Tag Archives: Energy

US extends waivers for Iraq to import energy from Iran.

Washington has granted Iraq another 90-day waiver to allow it to keep importing gas and electricity from neighboring Iran, which is under tough US sanctions, two Iraqi government sources say. Speaking on condition of anonymity, one of the sources said on Saturday that the extension came following “long discussions” with …

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America Is Producing the Wrong Kind of Oil.

The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil. Texas and other shale-rich states are spewing a gusher of high-quality crude — light-sweet …

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