A tanker carrying crude oil from Iraq's Kurdish region anchors near Ashkelon, Israel. It's believed the oil has been off-loaded into Israel. The U.S. and Baghdad oppose the Kurdish export of oil from the autonomous northern region.
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Scotland's offshore oil platforms in the North Sea generate significant wealth for the nation — especially for the Shetland Islands, where oil tanker traffic boosts the local economy.
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Givot Olam CEO Tovia Luskin expects to drill 40 wells and build a pipeline to a refinery on the coast. The company already has "proven and probable" reserves of 12.5 million barrels of oil. Luskin chose where to drill based on a passage from the Bible.
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On Dec. 23, 1973, cars formed a double line at a gas station in New York City. The Arab oil embargo caused gas shortages nationwide and shaped U.S. foreign policy to this day.