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Keyword: antifracking

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  • Anchor: Clinton Presidency Should Freak People Out, Will Hurt N Dakota By Targeting Fracking

    05/21/2016 3:24:42 PM PDT · by 2ndDivisionVet · 13 replies
    The Washington Free Beacon ^ | May 20, 2016 | Aaron Kliegman
    The host of a local North Dakota news show told viewers Friday that the prospect of a Hillary Clinton presidency should freak people out because she will badly damage the states economy by going after fracking, which will hurt the oil and gas industry and cost jobs. Chris Berg, the anchor of 6:30 Point of View, a show on CBS affiliate KXJB Valley News Live, discussed North Dakotas economic struggles as Clintons husband, Bill, was in Fargo, North Dakota for a campaign rally. Berg explained that the North Dakota Office of Management and Budget released a revenue report on Friday...
  • EPA seeks to boost ethanol in fuel supply

    05/18/2016 2:26:28 PM PDT · by jazusamo · 43 replies
    The Hill ^ | May 18, 2018 | Timothy Cama
    The Environmental Protection Agency (EPA) wants to increase the amount of ethanol and other biofuels in the nations fuel supply. But the volumes proposed Wednesday under the renewable fuel standard (RFS) still fall under targets written into the 2007 law that created the program. That ended up angering both the ethanol industry, which wants more of its product to be mandated, and the oil industry, which wants the program rolled back. The agency plans to mandate that 18.8 billion gallons of biofuels be blended into the countrys gasoline and diesel supply next year. Of that amount, 14.8 billion gallons can...
  • Smelling Blood in the Political Water

    04/23/2016 10:27:47 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | April 23, 2016 | Paul Driessen
    The great white environmentalist sharks smell blood in the water. It’s gushing from mortally wounded US coal companies that the Obama EPA has gutted as sacrifices on the altar of “dangerous manmade climate change” prevention and other spurious health, ecological and planetary scares.Peabody Energy, Arch Coal and other once vibrant coal producers have filed for Chapter 11 protection, shedding some $30 billion in shareholder value and tens of thousands of jobs in their companies and dependent industries. The bloodletting has left communities and states reeling, union pension funds and 401k plans empty, and the health, welfare, hopes and dreams of...
  • The Solar Industry Is Dying. Good Riddance.

    03/20/2016 5:20:30 PM PDT · by upchuck · 38 replies
    Breitbart ^ | March 20, 2016 | James Delingpole
    If you still own shares in solar energy it’s probably a sign that you’ve been in the sun too long: the sector is tanking – and deservedly so – as reality dawns that this is a Potemkin industry, an Enron of a con-trick, whose survival depends not on the energy it generates but on the subsidies it squeezes from the taxpayer. Consider Exhibit A: the Ivanpah Solar Electric Generating System in the California desert. This $2.2 billion project, heavily backed with federal grants by the Obama administration, is absolutely brilliant at killing birds. According to some estimates it accounts for...
  • Putins Dilemma: To Sell Or To Nationalize Oil Assets

    03/15/2016 5:32:46 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 15-03-2016 | McEndree
    According to a March 11 Bloomberg article, the Russian government is considering changes in the tax regime for the Russian oil and gas industry in order to bolster government revenues. Should Vladimir Putin consider nationalizing this industry as one of the alternatives? Possiblyif the U.S. shale revolution represents a paradigm shift that will result in sub-$50-$60 crude prices and substantially lower natural gas prices well into the future. Should this be the case, without significant changes in its approach to generating revenue from this industrywhich historically has funded ~50 percent of the governments budgetit seems the Russian government could consign...
  • Washington considers nation's first carbon emissions tax

    02/28/2016 10:10:38 AM PST · by Olog-hai · 39 replies
    Associated Press ^ | Feb 28, 2016 11:09 AM EST | Phuong Le
    Washington could become the first state in the nation to impose a direct tax on carbon emissions from fossil fuels such as coal, gasoline and natural gas. A ballot measure before the state Legislature would create a carbon tax of $25 per metric ton of fossil fuel emissions burned in Washington, while reducing taxes. ...
  • Saudi Arabia declares oil output cut 'is not going to happen' (Shows Hand - Warns US Shale)

    02/24/2016 5:22:59 AM PST · by xzins · 31 replies
    Financial Times ^ | 23 Feb 16 | Gregory Meyer in Houston and Anjli Raval in London
    Saudi Arabia has ruled out a deal by major producers to cut oil output and warned high-cost operators such as US shale drillers to trim costs or go bust in a stark message that triggered fresh pressure on crude prices. Saudi oil minister Ali al-Naimi said a lack of trust between the world's biggest producers meant a cut in production "is not going to happen". He said the kingdom would instead push for a co-ordinated production freeze to help balance a market swamped with an excess of crude which has taken oil prices to their lowest level in more than...
  • Saudis, Russia Agree to Freeze Oil Output; Iran Still Resists

    02/16/2016 11:08:01 AM PST · by Trumpinator · 12 replies
    nbcnews.com ^ | Feb 16 2016, 9:34 am ET | Reuters
    Saudis, Russia Agree to Freeze Oil Output; Iran Still Resists by Reuters Feb 16 2016, 9:34 am ET Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production. The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously undisclosed meeting in Doha. It could become the first joint OPEC and non-OPEC deal in 15 years, aimed at tackling a growing oversupply of crude and helping...
  • Wild GOP debate repeatedly goes off the rails as candidates shred each other on stage

    02/14/2016 2:02:32 AM PST · by Cincinatus' Wife · 128 replies
    Business Insider ^ | February 14, 2016 | Pamela Engel
    "...Some of the last fireworks of the night came when Cruz attacked Trump's supposedly "very, very liberal" policies."Flexibility is a good thing, but you shouldn't be flexible on core principles," Cruz said. "I like Donald. He is an amazing entertainer. But his policies for most of his life..have been very, very liberal."Cruz continued:For most of his life, he has described himself as very pro-choice and as a supporter of partial-birth abortion. Right now today as a candidate, he supports federal taxpayer funding for Planned Parenthood. I disagree with him on that."You are the single biggest liar," Trump shot back. "You...
  • 5 donors you've never heard of who could shape the 2016 race

    01/02/2016 10:41:55 PM PST · by 2ndDivisionVet · 13 replies
    MSN ^ | January 2, 2016 | Jonathan Swan and Harper Neidig, The Hill
    News articles concerning the most influential political donors in America typically list the same names: The Koch brothers, George Soros, Sheldon Adelson and, lately, Tom Steyer. But as we reach the end of 2015, none of these billionaires has spent big in the 2016 contest, at least not at an individual candidate level. In their absence, a number of lesser known donors are shaping up to be major players in 2016. Here are five to watch: 1. The DeVos Family We're cheating by including a whole family in our list, but there is no way of separating out this high-spending...
  • Exclusive: Iran wants euro payment for new and outstanding oil sales - source

    02/07/2016 9:36:26 AM PST · by BenLurkin · 22 replies
    rueters ^ | 02/05/2016 | Nidhi Verma
    Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief. A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia's Lukoil. "In our invoices we mention a clause that buyers of our oil...
  • When Obama carried out his Solyndra scam, he broke the same law that Martha Stewart went to prison

    02/03/2016 8:22:06 AM PST · by grundle · 18 replies
    wordpress ^ | September 8, 2012 | Dan from Squirrel Hill
    When Obama carried out his Solyndra con game, he broke the same law that Martha Stewart went to prison forbreaking In 2009 the Obama administration gave $535 million to Solyndra, claiming that it would create 4,000 new jobs. However, instead of creating those 4,000 new jobs, the company went bankrupt. It was later revealed that the company’s shareholders and executives had made substantial donations to Obama’s campaign, that the company had spent a large sum of money on lobbying, and that Solyndra executives had had many meetings with White House officials. It was also revealed that the Obama administration had...
  • Ted Cruz: How U.S. must push back Putin in Syria (Cruz-Op Ed- CNN)

    10/09/2015 9:49:11 AM PDT · by VinL · 104 replies
    CNN ^ | 10/9/15 | Sen. Ted Cruz
    Over the last week, the world has once again looked on aghast as President Vladimir Putin has taken violent advantage of regional instability to re-establish Russia's influence, this time in the Middle East. Despite promises to join the United States in a counterterrorism effort against ISIS in Iraq and Syria, Putin is on a mission to protect Russian assets in the Mediterranean by propping up his client, Syrian President Bashar al-Assad. Ted Cruz Ted Cruz Meanwhile, the Obama administration has been caught flat-footed as Putin's actions threaten to inflame and destabilize an already acute crisis. Enough already. We don't need...
  • CRUZ: We Have No Business Getting in the Middle of the Syrian Civil War; Goal Should be to Defeat...

    10/08/2015 3:02:26 PM PDT · by Isara · 32 replies
    TedCruz.org ^ | 10/08/15
    ICYMI: CRUZ: We Have No Business Getting in the Middle of the Syrian Civil War; Goal Should be to Defeat ISIS Speaks with WRKO’s Jeff KuhnerHOUSTON, Texas – Today U.S. Sen. Ted Cruz, R-Texas, spoke with The Kuhner Report regarding the Obama administration’s disastrous foreign policy, the 2016 presidential race and the President’s decision to politicize the tragedy in Oregon.Below is an excerpt. Listen to the full interview here:Ted Cruz on the Kuhner Report (Audio)“I think it would be a mistake to get involved in the Syrian civil war. There have been voices in Washington eager for us to send...
  • Russian air strikes are targeting CIVILIAN oil tankers and allowing ISIS (truncated)

    02/02/2016 7:47:35 AM PST · by BeadCounter · 17 replies
    London Daily Mail ^ | 2 February 2016 | By Gianluca Mezzofiore For Mailonline
    Russian warplanes in Syria are targeting civilian oil refineries and trucks while deliberately ignoring ISIS facilities to allow the extremist group to continue its oil trade with the Assad regime, local activists claim. Citizen journalists from the Raqqa Is Being Slaughtered Silently group claimed Russia's airstrikes are aimed at destroying local oil facilities which are mostly owned by the local population 'and have no direct links with ISIS'. Oil trucks that move between the ISIS-held cities of Deir Ezzor and Raqqa, owned by civilians, are also targeted by Russian jets.
  • Oil-Price Poker: Why the Saudis Won’t Fold ‘Em

    02/02/2016 9:08:36 AM PST · by DUMBGRUNT · 8 replies
    Wall Street Journal ^ | 31 jan 2016 | SPENCER JAKAB
    Don’t underestimate the impact of Middle East politics... The game being played in the global oil market today bears more than a passing resemblance to poker. Nobody wants to quit while they’re losing... Russia, meanwhile, is pumping the most crude ever, hitting a post-Soviet Union peak. But it may have difficulty maintaining today’s pace given a lack of investment in its aging Siberian fields... In other words, Russia is holding weak cards and the Saudis know it... The newest players at the table are U.S. shale producers. They helped the U.S. to increase output by 80% between 2008 and 2014...
  • Big Oil's Effort To Tax Carbon and Your Family's Finances

    01/30/2016 9:44:01 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 30, 2016 | Ken Blackwell
    As world leaders gathered in Paris last month for the United Nations climate summit, many seemed surprised that several large oil companies, including BP and Shell, endorsed a carbon tax as a "key element" of any international climate deal. Less surprising was the preference of those in the renewable energy sector to see a tax on carbon. The implication was of course that if major companies - oil companies in particular - want to tax themselves, who are we to stand in the way? It must be an indication that the climate crisis is so acute that even they have...
  • Can Russia Survive Cheap Oil?

    01/28/2016 4:40:26 AM PST · by elhombrelibre · 25 replies
    NATIONAL INTEREST ^ | 28 Jan 16 | Nikolas K. Gvosdev
    Eight years ago, Senator John McCain declared that Russia, under Vladimir Putin's administration, could only afford to be a major player in world affairs as long as energy prices remained high. In 2016, his thesis will be tested. With oil prices dipping below the $30 per barrel mark, and with Russian companies like Lukoil warning that prices might hover in the low $20s range—on top of sanctions that the United States, Japan and the European Union continue to maintain (through midyear at minimum)—has the Kremlin's luck simply run out? And what of the dream of recasting Russia in the twenty-first...
  • Russia's bleak winter: Protests grow as ruble weakens and Kremlin makes painful cuts

    01/26/2016 4:45:41 AM PST · by elhombrelibre · 15 replies
    CBC ^ | 26 Jan 16 | Susan Ormiston
    Beleaguered currency has lost more than half its value in last 18 months A dazzling display of festival lights makes Moscow look magical, brightening up the dark winter night. But the image of a bright, confident 2016 is a mirage. "To tell you the truth, we are really worried for our country," says Anya Zhurova, passing by and lured in by the light show. "We feel sick for our country and we hope our president [Vladimir Putin] can sort out all the plans he's made, but it's a difficult period." Like a heavyweight boxer, the battered Russian ruble will try...
  • When Russia's money runs out, the 'real trouble starts'

    01/22/2016 8:53:51 AM PST · by Roman_War_Criminal · 21 replies
    CNBC ^ | 1/21/2016 | Holly Ellyatt
    Stuck in a recession and with no sign of a reprieve in the oil price, Russia could quickly descend into chaos if the money runs out, William Browder, a well-known critic of the Kremlin and chief executive of Hermitage Capital, told CNBC. "I don't think you can underestimate how bad the situation in Russia is right now, you've got oil below any measure where the budget can survive and you've got sanctions from the West. Russia is in what I'd call a real serious economic crisis," he said on Thursday. Speaking to CNBC in Davos where global business and political...
  • Is Russia's Cheap Oil Nightmare Coming True?

    12/18/2015 5:20:06 AM PST · by Berlin_Freeper · 9 replies
    themoscowtimes.com ^ | Dec. 17 2015 | Peter Hobson
    Picture the scene. It is 2016, oil costs on average $35 per barrel, and Russia’s recession rolls into its second year. The economy shrinks by 2-3 percent. Unemployment creeps up, and wages continue to fall, depressing consumer spending. The ruble devalues, driving up inflation. To keep price rises in check, interest rates remain high, discouraging investment. The government drains its reserves, hoping that the oil price picks up before they run dry. This was the nightmare scenario painted by Russia’s Central Bank in its December research paper. The bank, and Russia’s federal budget, is still planning for average oil prices...
  • Can Russia Survive Through 2020? (oil price and government spending)

    08/06/2011 10:37:25 PM PDT · by TigerLikesRooster · 8 replies · 1+ views
    Moscow Times ^ | 08/05/11 | Sergei Petrov
    Can Russia Survive Through 2020? 05 August 2011 By Sergei Petrov Strategy 2020 the question of where Russia will be in 2020 hangs in the air. There are a variety of scenarios being offered by leading economists, political scientists and other analysts, but one thing is clear: There will be no miracles in the next nine years. The prospects for a country mired in archaic institutions, an oil- and gas-dependent economy, systemic corruption, unprotected property rights, corrupt courts, fraudulent elections and an apathetic population can only be dim at best. Im almost certain that Russia will not be...
  • US Shale’s Big Squeeze

    01/24/2016 9:15:19 AM PST · by Lorianne · 8 replies
    Fiscal Times ^ | 22 January 2016 | Ed Crooks
    The boom years left the US oil industry deep in debt. The 60 leading US independent oil and gas companies have total net debt of $206bn, from about $100bn at the end of 2006. As of September, about a dozen had debts that were more than 20 times their earnings before interest, tax, depreciation and amortisation. Worries about the health of these companies have been rising. A Bank of America Merrill Lynch index of high-yield energy bonds, which includes many indebted oil companies, has an average yield of more than 19%. Almost a third of the 155 US oil and...
  • American oil companies are starting to scream "mayday."

    01/24/2016 9:05:27 AM PST · by Lorianne · 46 replies
    CNN ^ | 22 January 2016 | Heather Long
    Last year, 42 North American drillers filed for bankruptcy, according to law firm Haynes and Boone. It's only likely to get worse this year. Experts say there are a lot of parallels between today's crisis and the last oil crash in 1986. Back then, 27% of exploration and production companies went bust. Defaults are skyrocketing again. In December, exploration and production company defaults topped 11%, up from just 0.5% the previous year, according to Fitch Ratings. That's a 2,000%-plus jump. It's just the beginning, says John La Forge, head of real assets strategy at Wells Fargo. If history repeats, people...
  • Russians survey new airbase on Syria-Turkey border, US officials concerned

    01/21/2016 5:38:58 PM PST · by Truth29 · 10 replies
    Foxnews.com ^ | January 21, 2016 | Jennifer Griffin, Lucas Tomlinson
    Russia appears to be making preparations to establish a new airbase in Syria, this time along the border with NATO-member Turkey, a senior U.S. official tells Fox News. The move is bound to anger the Turkish government months after the downing of a Russian jet by the Turks. A handful of Russian military personnel, including engineers, has been seen in the vicinity of a largely abandoned airfield in Qamishli, a city in northeast Syria along the border with Turkey. The area is largely controlled by Syrian Kurds, with pockets of regime-controlled territory including the airport.Russia and Syria’s Kurds have a...
  • Top US Admiral Fired For Questioning Obama Purchase Of Mansion In Dubai (Russian propaganda)

    01/10/2016 4:25:04 PM PST · by Jet Jaguar · 161 replies
    A stunning new Foreign Intelligence Service (SVR) report circulating in the Kremlin today states that one of the United States Navy’s top commanders was relieved of his command a few hours ago after he sent out an “email/posting” revealing that President Barack Obama was in the process of purchasing a multi-million dollar seaside luxury villa in the United Arab Emirates city (UAE) of Dubai. According to this report, the Commander of the US Navy’s Carrier Strike Group 15, Rear Admiral Rick Williams, posted a “pointed” query on 8 January [since deleted] to the US Naval Institute’s “Readiness Kill Chain” “recipients/responders”...
  • Saudi Arabia Plans 'Thatcherite Revolution'

    01/07/2016 11:35:14 AM PST · by EBH · 14 replies
    Saudi Arabia is mulling the sale of shares in Aramco, believed to be the world's most valuable company, as part of plans to repair its finances and open up its economy. The announcement was made by the country's deputy crown prince as Saudi's secretive, state-owned oil firm grapples with the effects of oil prices nearing 12-year lows . Mohammed bin Salman told The Economist: "That is something that is being reviewed, and we believe a decision will be made over the next few months." The Saudi economy has taken a battering from the oil price decline and the finance ministry...
  • Thanks to technology, we’re not going to run out of oil

    01/02/2016 12:41:40 PM PST · by 2ndDivisionVet · 17 replies
    Hot Air ^ | January 2, 2016 | Matt Vespa
    If you read Stephen Moore's column, he noted how the consensus over oil is wrong. We're not running out of oil. In fact, many have been saying we're going to run out since the 1930s: These stupid predictions of the end of oil have been going on for most of the last century. Just over 100 years ago, the U.S. Bureau of Mines estimated total future production at 6 billion barrels, yet we've produced more than 20times that amount. In 1939 the Department of the Interior predicted U.S. oil supplies would last 13 years. I could go on. The folks...
  • Oil Crash Shrinks Russian GDP; Energy Minister Blames Saudis

    12/30/2015 8:03:34 AM PST · by bananaman22 · 8 replies
    Oilprice.com ^ | 30-12-2015 | hmm hmm
    Russia’s oil-dependent economy appears headed for a second year of recession, and Energy Minister Alexander Novak says the blame falls squarely on the Saudis. The Russian gross domestic product fell by 4 percent in November from its level in the same month in 2014, and had shrunk 3.7 percent in October from its levels a year earlier, the Economy Ministry reported Monday. The reason, to no one’s surprise, is the plunge in oil prices over the past 18 months. The global average value of a barrel of oil has crashed from over $110 per barrel in the summer of 2014...
  • Natural Gas Could Be Key To An Israeli/Turkish Rapprochement

    12/28/2015 8:02:21 AM PST · by Marcus · 5 replies
    Capitalist Review ^ | December 28, 2015 | Mark R. Whittington
    The economic war being conducted by Russia against Turkey provides some opportunities for the United States if it chooses to take advantage of them. However, according to Al-Monitor, a website that covers all aspects of what is going on in the Middle East, Israel is already poised to make a diplomatic and trade breakthrough with Turkey. Israel has uncovered a great deal of proven natural gas reserves in its offshore Tamar and Leviathan fields. The Jewish state has enough gas to supply its own needs and have plenty left over for export, an astonishing turn of events, as Israel has...
  • Obama Preps for Final State of the Union

    12/27/2015 8:54:53 AM PST · by Rockitz · 62 replies
    WeeklyStandard.com ^ | Dec 27, 2015 | Daniel Halper
    Barack Obama is preparing for his final State of the Union Address, which he'll deliver January 12. And the president is not looking to slow down as the end of his presidency nears. "I've got 12 months left to squeeze every ounce of change I can while I'm still in office. And that's what I intend to do," Obama writes in an email to supporters. We've done a lot of remarkable things together this year, and it's because of committed citizens like you that this country keeps moving forward. You keep proving the cynics wrong. On January 12, I'll be...
  • HuffPost Touts “Economic Benefits” of a $2.9 trillion annual tax hike on Fossil Fuels

    12/21/2015 6:54:06 PM PST · by Ernest_at_the_Beach · 21 replies
    wattsupwiththat.com/ ^ | December 20, 2015 | Eric Worrall
    Guest essay by Eric WorrallHuffington Post has a plan to address the as yet unanswered question of who will foot the bill, for the renewable transformation green advocates want, in the wake of the Paris COP21 agreement. HuffPost’s suggestion is a $2.9 trillion rise in annual taxes on fossil fuels. How Can We Pay for the New Energy Economy?Many a great idea has been deflated by a simple question: “That’s nice, but who’s going to pay for it?” That question hovered like a cloud over the international climate conference in Paris a week ago. Simply put, the goal of the...
  • Russia is bracing for $30 oil in 2016

    12/14/2015 1:41:21 PM PST · by Berlin_Freeper · 28 replies
    money.cnn.com ^ | December 14, 2015 | Ivana Kottasova
    The country's top finance official, Anton Siluanov, said the government must be prepared for prices to fall further in 2016 as the global glut grows and new supply -- for example from Iran -- enters the market. "Everything indicates that low oil prices are likely to dominate next year. And it is possible that at some periods [the oil price] will be $30 per barrel," Siluanov was quoted as saying by Russian state-run news agencies. That would spell more pain for Russia. Oil and gas exports make up almost half of government revenue. Oil futures were trading at their lowest...
  • Paris Climate Deal Calls for International Transfer of Wealth

    12/12/2015 9:51:05 AM PST · by Olog-hai · 64 replies
    Cybercast News Service ^ | December 12, 2015 | 12:20 PM EST | (CNSNews.com Staff)
    The draft of the international agreement to deal with climate change, which is being considered today in Paris by representatives from 195 countries, calls for the developed nations of the world to transfer wealth to developing nations, including through "public funds." "Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention," says Article 9 of the draft agreement. "As part of a global effort, developed country Parties should continue to take the lead in mobilizing climate finance from a wide variety of...
  • Saudis Trying to Kill U.S. Frackers as Oil could fall to $20 for the first time in 15 years.

    12/09/2015 8:12:46 AM PST · by SeekAndFind · 83 replies
    PJ Media ^ | 12/09/2015 | Stephen Green
    Saudi Arabia might just bust OPEC by keeping its taps open, but right now the Kingdom's main concern is strangling American shale production. Read: Markets had been expecting Opec to announce a new ceiling on production after last Friday's meeting, but analysts at Barclays said the lack of any curbs in its announcement was a sign of discord. "Past communiques have at least included statements to adhere, strictly adhere, or maintain output in line with the production target. This one glaringly did not. " they said. Saudi Arabia needs oil prices of $100 a barrel to balance its budget, but...
  • Goldman eyes $20 oil as glut overwhelms storage sites

    12/10/2015 6:38:31 PM PST · by sparklite2 · 75 replies
    London Telegraph ^ | 19 Nov 2015 | Ambrose Evans-Pritchard
    OPEC was slow to understand the rising threat posed by the US shale industry. It may now have misjudged its resilience. Frackers have been quick to cut costs with multiple pad-drilling, and they can revive production relatively quickly as soon as prices recover. Goldman Sachs said the deeper the fall in oil prices over coming months, the sharper the rebound later, comparing it to the cycles after 1986, 1988, and 1998. OPEC needs a higher price to fund the social welfare nets and defence spending of its members. The great question is whether US shale will snap back within months...
  • The truth about biofuels: Reality bites

    12/07/2015 3:18:05 PM PST · by McGruff · 8 replies
    Fox News ^ | December 7, 2015 | John M. DeCicco
    On November 30, as the Paris international climate conference was getting underway, the U.S. Environmental Protection Agency (EPA) announced a long-overdue update of Renewable Fuel Standard (RFS) requirements. Originally established in 2005 and then greatly expanded by the Energy Independence and Security Act (EISA) of 2007, the RFS mandates increasing use of ethanol, biodiesel and other biofuels in America's cars and trucks. Two things were notable. For the first time, EPA set the overall mandate at levels significantly lower than targets Congress called for in 2007. Second, raising the hackles of the biofuel lobby, the Obama administration omitted the RFS...
  • Obama curbs ethanol in blow to corn growers

    12/04/2015 5:03:28 AM PST · by thackney · 93 replies
    Politico ^ | 11/30/15 | ALEX GUILLÉN
    The Obama administration delivered a blow to the corn industry on Monday, easing the amount of ethanol the nation must consume below the levels Congress had set nearly a decade ago -- and potentially laying a political stumbling block for Hillary Clinton in Iowa. The ethanol pullback comes as a slump in gasoline consumption and a domestic energy boom have lessened the fears of dependence on Mideast oil that inspired lawmakers to create the mandate during the George W. Bush administration. But the mandate is still popular in Iowa, home of the nation's first presidential caucus, where corn and ethanol...
  • Low Oil Prices Hammer Saudi Arabia Budget

    11/29/2015 11:09:06 AM PST · by RoosterRedux · 37 replies
    valuewalk.com ^ | 11/26/2015 | Brendan Byrne
    Continued low oil prices and the war in Yemen have hit Saudi Arabia's budget so hard it is creating a special office to oversee government spending and cut waste. On Monday, the Saudi Press Agency published an item noting that Saudi Arabia was "willing to cooperate with OPEC and non-OPEC producers" to maintain a "stable" oil market. WTI retook $42, however analysts remain pretty pessimistic about hopes that the Gulf OPEC nations are in any mood to restrict production, which is hurting budgets but helping with certain political objectives, such as killing US shale and hurting arch-enemy, Iran. In a...
  • Iraqi Oil Selling at $30 as OPEC Readies for New Battles

    11/19/2015 1:25:17 PM PST · by thackney · 32 replies
    Reuters via Rig Zone ^ | November 19, 2015 | Alex Lawler and Rania El Gamal
    Iraq may increase oil output further in 2016, although less dramatically than this year, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to sell some crude grades for as little as $30 a barrel. Iraq's output in 2015 has jumped almost 500,000 barrels per day (bpd), or 13 percent, according to the International Energy Agency (IEA). That has made Iraq the world's fastest source of supply growth and a key driver of surging OPEC production. At most, that growth is likely to give way to a modest rise next year, easing downward...
  • The Fossil Fuel Divestment Movement, if Effective, Will Harm Students and the Poor

    11/17/2015 10:12:21 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | November 17, 2015 | Tracy C. Miller
    Environmental activism among college students has recently been channeled into a movement to pressure college endowments to divest their holdings of stock in companies that extract fossil fuels. Beginning at Swarthmore College, the fossil fuel divestment movement (FFDM) has already had an impact on some colleges and universities, including Stanford, Georgetown, and Oxford. Many activists hope the FFDM will help persuade governments to restrict the extraction and use of fossil fuels. Whatever the economic consequences for colleges and universities, widespread divestment, particularly if it leads to restrictions on fossil fuels, will do a great deal of harm without much benefit...
  • Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

    11/16/2015 7:34:10 AM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 16-11-2015 | rus
    Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn. The result is a heavier discount for Russia’s crude oil, the so-called Urals blend. Bloomberg reported that the Urals typically lands in Rotterdam, a major European destination, at a discount to Brent of around $2 or less. But the discount has widened to $3.50 lately due to increased competition...
  • Russia in the Arctic: A Different Kind of Military Presence

    11/11/2015 5:54:30 PM PST · by MinorityRepublican · 4 replies
    Stratfor ^ | November 11, 2015
    Russia has been openly re-establishing its military presence in the Arctic for some time now, and recent satellite imagery may give some insight into Moscow's intentions. Detailed images collected by Stratfor's partners at AllSource Analysis clearly show Russia's ongoing construction and development of several permanent bases in the region. Two in particular, one on Alexandra Island and the other on Kotelny Island, reflect the broader pattern in Russia's Arctic activity: Moscow is looking to establish a monitoring outpost and stake a symbolic territorial claim, but it has not yet built up a full-blown combat presence.
  • Obama targets fracking as EPA pushes for methane cuts for oil and gas industry

    08/18/2015 6:25:54 PM PDT · by SeekAndFind · 16 replies
    Japan Times ^ | 08/18/2015
    WASHINGTON U.S. authorities on Tuesday proposed the first-ever federal regulations to cut the potent greenhouse gas methane by limiting emissions from the oil and gas industry. The four-part proposal by the Environmental Protection Agency is part of President Barack Obamas Climate Action Plan, aimed at reducing pollution that is hastening human-caused climate change. However, the suggested changes will not, on their own, get the United States to its goal of cutting methane emissions from the oil and gas sector by 40 to 45 percent from 2012 levels by 2025, officials said. We do project that our proposal will achieve...
  • Iowa Gov. Branstad (R) Backs Eminent Domain For Pipelines

    11/04/2015 1:21:01 PM PST · by Trumpinator · 10 replies
    http://whotv.com ^ | 10:16pm, November 2, 2015 | Aaron Brilbeck
    Governor Backs Eminent Domain For Pipelines Posted 10:11 pm, November 2, 2015, by Aaron Brilbeck, Updated at 10:16pm, November 2, 2015 DES MOINES, Iowa -- This week, the Iowa Utilities Board will discuss whether to use eminent domain to seize property from landowners to use for a massive oil pipeline. Dakota Access, LLC wants to use the land for an underground pipeline that would carry roughly a half million barrels of crude oil from North Dakota, through Iowa and to a distribution center in Illinois. Governor Branstad says he believes eminent domain can and should be used for some pipeline...
  • Putin and Netanyahu to strike deal on Leviathan gas field

    11/04/2015 10:16:08 AM PST · by Trumpinator · 36 replies
    theaustralian.com.au ^ | October 20, 2015 12:00AM | The Australian
    Putin and Netanyahu to strike deal on Leviathan gas field The Australian October 20, 2015 12:00AM Russia wants to be the major partner in Israel’s offshore ­Leviathan natural gas field in the eastern Mediterranean, a top ­Israeli foreign affairs analyst said in Sydney yesterday. Ehud Yaari, the senior Middle East commentator for ­Israel’s Channel Two news, said “everybody regrets” a deal was not done with Woodside and that until now Israeli Prime Minister Benjamin Netanyahu had ruled out a Gazprom deal. Gazprom bid for a stake in the project in 2012 but was beaten by Woodside, which pulled out of...
  • ‘We Need an Energy Miracle’ Bill Gates

    11/01/2015 6:39:50 PM PST · by BeauBo · 82 replies
    The Atlantic ^ | Nov 2015 | James Bennet
    "On why the free market won’t develop new forms of energy fast enough: ...Without a substantial carbon tax, there’s no incentive for innovators or plant buyers to switch."
  • Will Obama Create World War 3? [Video]

    11/01/2015 1:36:48 PM PST · by Randall_S · 23 replies
    USA Transnational Report ^ | November 1, 2015 | USA Transnational Report
    Whether it's a worldwide conflict or a relatively contained regional conflict, the parallels between today and the 1930s and 1940s are hard to miss Most people spend Halloween dressed up and trying to find or create some fright. Instead, I watched the 1942 war documentary Prelude to War, directed by the legendary Frank Capra. Considering what is going on in the world today, and all the parallels between then and now, it was scary enough. As you watch the movie (52 minutes), think about our challenges today. https://www.youtube.com/watch?v=KniXvfsBavM While watching Capra's propaganda masterpiece, consider some of the parallels between their...
  • Popular Mobilization Committee militia threatens to ‘strike and destroy’ the Saudi government

    10/30/2015 11:45:34 AM PDT · by Brad from Tennessee · 10 replies
    Long War Journal ^ | October 30, 2015 | By Bill Roggio
    An Iranian-supported Shiite militia that operates under the the Iraqi government-sanctioned Popular Mobilization Committee said that Saudi Arabia is “a legitimate and permissible target” and would it “strike and destroy” the country after the kingdom issued a death sentence for a cleric that has called for partition. The militia, Sayyid al Shuhada, is led by a Specially Designated Global Terrorist who is directly tied to Iran’s Qods Force. Sayyid al Shuhada threatened the Kingdom of Saudi Arabia on Oct. 26, the same day that the Saudi Supreme Court upheld a death sentence for Sheikh Nimr al Nimr, a prominent Shiite...
  • Unveiling the AntiFracking Movement & How Fracking Brings Manufacturing Boom

    10/28/2015 6:10:02 PM PDT · by RaceBannon · 6 replies
    The Jacki Daily Show ^ | 9/14/15 | The Jacki Daily Show
    On this Jacki Daily show she speaks with Jackie Stewart of EnergyInDepth Ohio about AntiFracking groups. She is also joined by Bud Weinstein, Associate Director, Maguire Energy Institute on his most recent article "Cheap energy is reviving manufacturing in America's industrial heartland." Lastly she is joined by Anastasia Shcherbakova, Clinical Assistant Professor Director at the University of Texas.