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Author Peter Maass has spent eight years trying to understand the politics and economy of oil production across the globe. The result is his new book, Crude World: The Violent Twilight of Oil, in which Maass tries to explain what we do for oil and what oil does to us. Later today, anchor Jeb Sharp will have an interview with Peter Maass. Download MP3Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Iraq’s oil ministry held a televised auction today for rights to develop some of the country’s most valuable energy reserves. It’s the first time such contracts have been up for bid in Iraq since the 1970’s. But as The World’s Katy Clark tells us, some oil companies weren’t willing to accept Iraq’s terms.
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