Why You Should Care About The Strait of Hormuz

Why You Should Care About The Strait of Hormuz

August 26, 2012

With nearly 20 percent of the global oil trade passing through its narrow waterway, the Strait of Hormuz — which separates Iran from Oman — is one of the world’s most strategically important channels. Now, Iran is threatening to close the strait if the European Union follows through with a plan to ban imports of […]

Where is the Oil?

Where is the Oil?

May 25, 2012

This infographic provides information for where oil is produced. It also gives information for where oil is consumed. Furthermore it provides a break down for what crude oil is used for. Source