• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • oil supply

    Iran Uses Strait of Hormuz as Backdrop for Missile Tests

    In yet another move that hovered somewhere between provocative and pestilent, Iran has again engaged in a series of naval and missile exercises in the Persian Gulf. The battery of tests, conducted last week and centered on the Strait of Hormuz—the highly important passageway through which one-fifth of the world’s … More

    Running Out of Oil?

    As recent as last summer an article in The Independent, citing assessment from the lead economist at the International Energy Agency (IEA) warned that “The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world … More