Showing posts with label global oil supplies. Show all posts
Showing posts with label global oil supplies. Show all posts

Wednesday, March 14, 2012

Iran Power Declining in Oil Market as Explorers Spend $90 Billion: Energy

The Iran-driven run in oil prices to the highest since 2008 masks the Middle East producer’s diminishing importance to global oil supplies as record spending on drilling unearths reserves from Argentina to Angola.