Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

The bad boys of oil

Most of the world's new production is expected to come from just a few nations. That could spell big trouble for Big Oil and consumers alike.

Iran
Iran
An economic embargo imposed by the United States after the Iranian revolution nearly 30 years ago has kept American firms from doing business in the oil-rich theocracy.

And with the recent saber-rattling over Iran's nuclear program, and its alleged links to insurgents in Iraq, there's little hope that embargo will be lifted soon.

But even if it was, experts say doing business in Iran is tough. Its government is thought to squeeze foreign oil firms for all the concessions it can, despite an oil sector that many say is in desperate need of modernization.

1

2

3

4

5

6

7

8

9

10