Boing BoingPlummeting oil prices and 13 years of official looting leave Iraq on the brinkBoing BoingFor 13 years, Iraq's post-Saddam elites have run amok, looting the country's riches while creating a pervasive culture of corruption that spreads al …

Mideast Defense Spending Seen Flat on Cheap Oil by IHS Jane'sBloomberg"2015 saw the first defense budget cuts for a decade as oil prices crashed," Caffrey said. "We saw the first marginal cuts in 2015, but, those cuts are now expected to …

ReutersBAE Systems Picks Oil Executive as New Operating ChiefWall Street JournalLONDON—BAE Systems PLC on Monday confirmed the appointment of oil-industry executive Charles Woodburn as chief operating officer, making him heir apparent to the company's …

CompaniesPremier Oil stops work at one Falklands wellFinancial TimesPremier Oil, the UK listed company that has been drilling for oil at various sites near the Falkland Islands, is ending its work at one particular exploration well following a number of “m …

Irish TimesFood File: from lobster oil to cycling chefsIrish TimesLobster oil (€29.95/250ml), made on the island of Groix, off the Brittany coast, is an interesting new addition to the shelves of Dublin food store Fallon & Byrne. The vivid red colour o …

The Globe and MailOil patch faces further cuts as crude prices hit new lowsThe Globe and MailThe moves accompanied fourth-quarter results that showed the harsh impact of U.S. benchmark oil prices that averaged just over $42 (U.S.) a barrel in the period, 4 …

CNNMoneyWhy people are freaking out about cheap oilCNNMoneyOil companies are dying: The U.S. energy boom was fueled by expensive drilling technology that was designed for far higher oil prices and paid for with lots of debt. Those loans are now much harder …

The Globe and MailSuncor going ahead with big-ticket projects despite oil slumpThe Globe and MailCanada's largest oil company, which is nearing the close of a $4.2-billion takeover of Canadian Oil Sands Ltd., has made further cuts to its capital and op …

The Globe and MailSuncor forges ahead with big-ticket projects despite oil slumpThe Globe and MailCanada's largest oil company, which is nearing the close of a $4.2-billion takeover of Canadian Oil Sands Ltd., has made further cuts to its capital and o …

CNNMoneyWhy you should worry about cheap oilCNNMoneyBut cheap oil is also causing mayhem in global stock markets. The Dow is off to its worst start to a year ever. The financial headlines at the start of 2016 are downright scary. With that backdrop, any eu …