What is a better field to graduate in geology or geophysics? Mainly the job outlook for each? Different career fields and other jobs outside the oil and gas industry?
Geology. It's a broad category from which you can then specialize. If you go into geophysics right off the bat, you're really limiting yourself.
Adding to the tensions between the U.S. and the Middle East, Iran's navy chief stated that his country held no reservations about closing the Strait of Hormuz at the mouth of the Persian Gulf, the passageway through which a sixth of the world's oil flows.
The warning was the second in two days, reports The Associated Press . The threat comes in response to concerns the West will impose sanctions on Iran's oil shipments and Tehran's oil industry. It is also heightened by military threats from the U.S. and Israel to stop Iran's nuclear program.
If the strait were to close, it would cut off significant oil supplies and force shippers to take longer routes, causing prices to rise. "It also potentially opens the door for a military confrontation that would further rattle global oil markets," adds The Associated Press.
Reactions
Due to the strategic importance of the Strait and the ease with which Iran could cut it off, nations and markets have been quick to react.
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