Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $28,502
32%  
Woo hoo!! And the first 32% is in!! Thank you all very much!!

Keyword: energy

Brevity: Headers | « Text »
  • Industrial natural gas use to continue to grow quickly, EIA says

    07/29/2015 11:48:31 AM PDT · by thackney · 11 replies
    Fuel Fix ^ | July 29, 2015 | Robert Grattan
    New plants coming online are set to drive industrial natural gas growth forward by more than three percent in the next two years, the U.S. Energy Information Administration said in an analysis Wednesday. Industrial facilities, which include methanol and fertilizer plants, consumed an average of 21.0 billion cubic feet per day of natural gas in 2014, up 24 percent from 2009. By the end of 2015, that figure is expect to rise by another 3.4 percent to an annual average of 21.7 billion cubic feet per day. In 2016, the EIA predicted another 3.9 percent gain to 22.5 billion cubic...
  • Anadarko CEO: Outlook still uncertain for shale comeback

    07/29/2015 11:45:52 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | July 29, 2015 | Collin Eaton
    The CEO of Anadarko Petroleum Corp. says it’s still unclear when his company should go back into growth mode across U.S. shale plays. And that’s not necessarily because of volatility in the oil market, but rather because oil field service companies haven’t cut prices for equipment and other work deep enough yet. “Even with a tremendous amount of hardship that service providers have gone through in the first half of the year, we as an upstream company still don’t have the margins we had a year ago,” Anadarko CEO Al Walker said in a conference call with investors Wednesday. Analysts...
  • Warren Buffett And Elon Musk To Spark A Lithium Boom

    07/28/2015 6:46:18 PM PDT · by bananaman22 · 19 replies
    Oilprice.com ^ | 28-07-2015 | Dave
    The age of electrification across the transportation sector, the solar panel revolution, and Tesla’s battery gigafactory are igniting a battle for the cheapest battery. That will transform lithium into a boom-time mineral and the hottest commodity on the energy investor’s radar. It has been easy to take lithium for granted. This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics. And while investors have long appreciated the steady rise in demand for this preferred mineral, the number of new applications continues to multiply. Smart phones,...
  • Here's what the US would look like if all the Earth's ice melted

    07/28/2015 3:51:27 PM PDT · by rktman · 75 replies
    businessinsider.com ^ | 7/25/2015 | unknown
    If all the Earth's land ice melted, sea levels would rise over 200 feet. So what would that mean for the United States' coastlines?
  • Hillary Clinton Is Stumped on Question of Keystone Pipeline

    07/28/2015 11:44:49 AM PDT · by McGruff · 22 replies
    NY Times ^ | 7/28/2015 | Amy Chozick
    Hillary Rodham Clinton has an aggressive set of proposals to combat climate-change — and a pipeline problem. The day after Mrs. Clinton put forth a detailed plan that would go further than the any president in using the government to protect the environment and produce solar and wind energy, she found herself once again stumped on the question of whether or not she would support the Keystone XL Pipeline project, which would bring Canadian oil to Texas.
  • R.I. offshore wind farm starts construction

    07/28/2015 9:25:06 AM PDT · by thackney · 18 replies
    The Hill ^ | 07/27/15 | Timothy Cama
    The developer of the nation’s first commercial-scale offshore wind farm installed the first steel foundation for the project off Rhode Island’s coast. The Sunday installation of Deepwater Wind Block Island Wind Farm came just in time for a Monday tour of the site that will include Obama administration officials, lawmakers and Rhode Island’s governor, among others. ADVERTISEMENT “It was a very big moment,” Jeffrey Grybowski, Chief Executive Officer of Deepwater Wind, told the Providence Journal shortly after watching the first foundation’s installation from a boat. The company had hoped to install the foundation on Thursday, but the weather did not...
  • Halliburton, Baker cut workforces deeper, bringing layoffs to 27,000

    07/28/2015 5:32:46 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | July 27, 2015 | Collin Eaton
    Halliburton has cut nearly 14,000 jobs and Baker Hughes has laid off 13,000 employees since they began trimming their headcounts last year to cope with the oil-market crash, officials said Monday. Those figures, shown in quarterly securities filings Friday and confirmed by company spokeswomen on Monday, are several thousand more jobs than the last time the oil field service companies gave an estimate of their planned layoffs in April. Halliburton’s latest layoff estimate exceeds its April figure by 5,000 jobs, bringing its cuts up to16 percent of its workforce. And Baker Hughes’ estimate is up by 2,500 jobs, up to...
  • EU tries again for compromise on deal to phase out coal aid

    07/27/2015 12:35:21 PM PDT · by Olog-hai · 3 replies
    Reuters ^ | Mon Jul 27, 2015 7:55am EDT | Barbara Lewis
    EU bosses are pushing to resolve a clash between industry and environmental policy with a new strategy to phase out funding to export coal technology to developing nations, ahead of a meeting of leading economic powers on the issue. The European Commission, the EU executive, urges tougher rules on when subsidies, known as coal export credits, can be used in a paper seen by Reuters, ahead of interim talks this week. Political pressure is growing to reach agreement on restricting the coal subsidies before United Nations climate change talks in Paris at the end of the year. But opposition is...
  • Obama’s Nuclear Waste Blunders Could Cost Taxpayers Over $20 Billion

    07/27/2015 10:00:29 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 27-07-2015 | King
    President Obama says otherwise, but he seems to have a propensity for slapping the nuclear industry across the face. When the Obama administration came into power, one of its first actions was to end work on the Yucca Mountain nuclear waste repository in Nevada. In so doing, it delivered a shuddering blow to the U.S. nuclear industry, trashing the project when it was nearly ready to open. The cost to taxpayers was about $15 billion. Now the administration is going through the motions to suspend another costly nuclear waste investment when it is about 67 percent com
  • Ted Cruz Sells His Soul to to Frackers for $15 Million

    07/25/2015 7:59:06 PM PDT · by 2ndDivisionVet · 90 replies
    Politicus USA - Real liberal politics ^ | July 25, 2015 | Hrafnkell Haraldsson
    While Bernie Sanders and Hillary Clinton are bringing in a sizeable number of donations of under $100, Republicans have been going for the big money, like the huge score Ted Cruz just made from a pair of Texas frackers. Even so, on July 16, Newsmax made a big deal of Hillary receiving donations from wealthy individuals, with the headline, “Hillary Clinton’s Donations From Hedge Fund Titans Exceed Republicans.” Those Democrats are such elitists! You don’t want to be drinking milk when you read these things, at least not without a bib. And here the Texas Messiah, Ted Cruz, just hauled...
  • Green-energy CEO: Vermonters must abandon the car, embrace renewable energy future

    07/25/2015 3:56:00 PM PDT · by Twotone · 62 replies
    Vermont Watchdog ^ | July 24, 2015 | Bruce Barker
    Now that Vermont has a mandate to get 75 percent of its electricity from renewable energy sources by 2032, residents will have to ditch automobiles and embrace a whole new way of life, the state’s top renewable energy CEO says.
  • Three scientists investigating melting Arctic ice may have been assassinated, professor claims

    07/25/2015 12:27:05 PM PDT · by crusty old prospector · 68 replies
    The U. K. Telegraph ^ | July 25, 2015 | Robert Mendick
    A Cambridge Professor has made the astonishing claim that three scientists investigating the melting of Arctic ice may have been assassinated within the space of a few months. Professor Peter Wadhams said he feared being labelled a “looney” over his suspicion that the deaths of the scientists were more than just an ‘extraordinary’ coincidence. But he insisted the trio could have been murdered and hinted that the oil industry or else sinister government forces might be implicated. The three scientists he identified - Seymour Laxon and Katherine Giles, both climate change scientists at University College London, and Tim Boyd of...
  • Replacing Fossil Fuels: Energy Evolution Has Happened Before

    07/25/2015 8:42:31 AM PDT · by ckilmer · 60 replies
    fool.com ^ | Travis Hoium
    Replacing Fossil Fuels: Energy Evolution Has Happened Before If renewable energy replaces fossil fuels as our main source of energy it won't be the first time a fuel source was rapidly replaced. On the surface, energy seems like a pretty stagnant industry these days. Oil has dominated transportation for most of the last century while natural gas and coal provide a vast majority of the electricity we consume. That's not all that different than the way things were at the turn of the 20th century.But if you look at the overall energy mix over more than two centuries there's a...
  • GOP senator calls for more corn cronyism mandated by the EPA

    07/25/2015 7:37:50 AM PDT · by Lorianne · 14 replies
    Against Crony Capitalism ^ | 24 July 2015 | Nick Sorrentino
    It’s the same party with 2 wings. The Washington Crony Party. If one can fleece the taxpayer it will be done, Republican, Democrat, whatever, so long as money is funneled to the narrow interests which fund your campaigns. The Republican Party, though it has a free market wing which is young and growing is still dominated by the older big government crony Republicans. How long that generation can hold on, and how much damage they will create to the economy is anyone’s guess. (From The Surge) "Senator Chuck Grassley (R-Iowa) just can’t help himself. He is intent on using the...
  • Oil and gas officials scramble after feds review species protections

    07/24/2015 4:01:42 PM PDT · by george76 · 12 replies
    Watchdog ^ | July 3, 2015 | Rob Nikolewski
    Oil and gas producers in one of the most active drilling areas in the country have had to make concessions to not disturb species such as the lesser prairie chicken and the dunes sagebrush lizard. Now industry officials in parts of Texas, Oklahoma and New Mexico may have four other species to contend with: make way for the Cascade Caverns salamander, the Arizona toad, the alligator snapping turtle and the Rio Grande cooter. The U.S. Fish and Wildlife Service announced Tuesday it is giving what it calls “status reviews” to the four amphibians and reptiles found in the Southwest as...
  • Eco-Imperialism Joins Vulture Environmentalism

    03/21/2013 11:14:05 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | March 21, 2013 | Paul Drissen
    Gina McCarthy, President Obama’s choice to replace Lisa Jackson at the Environmental Protection Agency, has been chastised for having lied to Congress, in claiming that EPA did not use “dangerous manmade climate change” to justify new 54.5 mpg standards for cars and light trucks. She’s also been implicated in the agency’s practice of using fake emails to hide questionable dealings and activities. These issues highlight attitudes toward ethics, law and public policy that prevail at EPA and too many other government agencies. However, that attention should not distract from other important matters. Ms. McCarthy may be the worst of the...
  • GOP launches probe of 'improper influence' on EPA climate rule

    09/02/2014 2:27:28 PM PDT · by jazusamo · 13 replies
    The Hill ^ | September 2, 2014 | Laura Barron-Lopez
    Republicans are investigating what they call "improper influence" from a national green group on the Obama administration's signature Environmental Protection Agency (EPA) climate change regulation. The House Oversight and Government Reform Committee, as well as Republicans on the Senate Environment and Public Works Committee, are demanding the EPA and the environmental group Natural Resources Defense Council (NRDC) hand over documents on the organization's involvement in drafting the proposed carbon pollution rules. The investigation is based on a New York Times ' report that said the NRDC provided the blueprint used for the rules, and "heavily influenced the president's proposal." While...
  • This Is Why A Serious Decline In U.S Shale Plays Is Not Far Away

    07/24/2015 11:13:14 AM PDT · by bananaman22 · 12 replies
    Oilprice.com ^ | 24-07-2015 | KingKurt
    The plunge in oil prices last year led many to say that a decline in U.S. oil production wouldn't be far behind. This was because almost all the growth in U.S. production in recent years had come from high-cost tight oil deposits which could not be profitable at these new lower oil prices. These wells were also known to have production declines that averaged 40 percent per year. Overall U.S. production, however, confounded the conventional logic and continued to rise--until early June when it stalled and then dropped slightly. Anyone who understood that U.S. drillers in shale plays had large...
  • Vermont Struggles With Renewables

    07/24/2015 7:21:30 AM PDT · by thackney · 25 replies
    Real Clear Energy ^ | July 23, 2015 | William Tucker
    When the Green Mountain power company, Vermont’s largest utility, announced earlier this year it will be buying nuclear power from New Hampshire’s Seabrook reactor, many environmentalists felt betrayed. “This is exactly why we closed Vermont Yankee, because we didn’t want any nuclear power,” they complained. But consumer demands left Green Mountain with no other choice. Nuclear is the ultimate reliable source of power – reactors operate more than 90 percent of the time – and Green Mountain needs back-up in case other sources stop working or if demand exceeds supply on a hot summer day. Vermont is struggling with its...
  • Midstream company secures funding for first leg of giant Houston crude oil storage facility

    07/24/2015 5:48:17 AM PDT · by thackney · 15 replies
    Fuel Fix ^ | July 23, 2015 | Joshua Cain
    The midstream company planning to build one of the largest crude oil storage facilities on the Gulf Coast said Thursday that it had reached a deal to fund the first phase of construction on the project in southwest Houston. Fairway Energy Partners LLC said in a release that Houston private equity firm FBR & Co. agreed to fund the first leg of the Pierce Junction storage facility, which will convert three underground salt caverns near the intersection of the 610 and 288 Freeways into crude oil storage. Fairway is backed by Haddington Ventures LLC, a Houston investment firm that manages...
  • Breakthrough for electric cars: Supercapacitors from miracle substance charges batteries in minutes

    07/23/2015 9:23:04 PM PDT · by 2ndDivisionVet · 37 replies
    International Business Times ^ | May 25, 2015 | Peter Carty
    The problem of limited range has been an important factor curbing the wide-spread adoption of electric cars. But scientists in South Korea have developed a new technology which could solve the problem. The lithium-ion batteries used in most of the current generation of electric cars have limitations. They are expensive and store insufficient power for the needs of many drivers, requiring frequent top-ups. And when they have to be recharged the charging process is time consuming. The technological breakthrough could solve these problems. And in the process, Dr Lu Wu of the Gwangju Institute of Science and Technology in South...
  • Testing shows using microwaves to propel a craft into space might work

    07/23/2015 12:10:47 PM PDT · by Red Badger · 28 replies
    =============================================================================================== A team of researchers at Colorado based Escape Dynamics is reporting that initial tests indicate that it might really be possible to launch space-planes into space using microwaves sent from the ground, to allow for a single stage spacecraft. If the idea pans out, the cost savings for sending satellites (or perhaps humans) into orbit could be considerable. Today's rockets are all based on the same idea, a multi-stage rocket is used, each part filled with propellant that pushes the rocket into space as the propellant is burned. It is a really expensive way to go because the propellant...
  • Here's why ocean shipping companies are switching to natural gas

    07/23/2015 10:04:02 AM PDT · by thackney · 40 replies
    Fortune ^ | JULY 23, 2015 | David Z. Morris
    The North American ocean carrier TOTE is deploying the world’s first container ships fueled by liquefied natural gas (LNG). The move anticipates imminent environmental regulations that are likely to trigger large shifts in the maritime shipping industry. TOTE is making the move to comply with the international Marpol Annex VI maritime emissions standards, first implemented in 2005. Restrictions on emissions like sulfur and nitrogen oxide will tighten in 2016 within designated emission control areas (ECAs), including the waters surrounding North America. Sulfur and nitrogen oxides are generated in large volumes by conventional maritime ships, which have long relied on so-called...
  • Congress Eyes Sales From Nation's Oil Stockpile for Highway Funding

    07/23/2015 8:51:32 AM PDT · by thackney · 40 replies
    Wall Street Journal ^ | July 22, 2015 | AMY HARDER and NICOLE FRIEDMAN
    Lawmakers are eyeing the Strategic Petroleum Reserve as a piggy bank, but not without controversy. The Senate is considering legislation that would partly replenish the u.S. highway trust fund with $9 billion worth of sales from the reserve, which at 69S.1 million barrels of oil is close to its 713.S-million-barrel capacity. This month, the House passed a bill to sell 80 million barrels from the reserve to raise $7 billion to help pay for legislation to boost government drug approvals and research funding. But proposals to tap the nation's oil stockpile as a way to pay for unrelated government programs...
  • Iran Beckons: Massive O&G Project Backlog Quantified And New Contract Model Outlined

    07/23/2015 7:18:07 AM PDT · by thackney · 2 replies
    Oil Pro ^ | 7/23/2015 | Jeff Reed
    On Thursday, Iran detailed plans to rebuild its main industries and trade relationships after last week's final nuclear deal with the P5+1. The country says it is targeting oil and gas projects worth $185 billion by 2020. Iran Wants 2-Way Trade Mohammad Reza Nematzadeh, Iran's Minister of Industry, Mines and Trade, said Iran would focus on its oil and gas, metals and car industries with the goal of exporting to Europe following the easing of sanctions, rather than merely importing Western technology, Reuters reported Thursday morning. "We are looking for a two-way trade as well as cooperation in development, design...
  • WildEarth Guardians' natural habitat is a courtroom ( NM & Colorado )

    07/23/2015 7:16:48 AM PDT · by george76 · 3 replies
    Craig Daily Press ^ | July 21, 2015 | Patrick Kelly
    Though a relatively small organization with only 26 people on staff, WildEarth Guardians’ litigious nature has established the environmental advocacy group as a dominant voice in the national debate about environmental policy. From 2010 to present, Guardians have initiated a total of 152 cases in federal district courts and 55 in the Circuit Court of Appeals for a total of 207 cases. In 2010 alone they filed 61 claims — an average of about one per week. However, Guardians’ pervasiveness in the courts has not gone without criticism. In a 2012 analysis of WildEarth Guardians' legal activity, the conservative group...
  • US Senate energy bill to speed LNG exports, clarify SPR sales limits

    07/23/2015 5:58:37 AM PDT · by thackney
    Platts ^ | 22 Jul 2015 | Platts
    Key US senators have reached a deal on a broad package of energy sector reforms that if enacted would speed decision-making on liquefied natural gas exports, focus the intent of the Strategic Petroleum Reserve and require reviews of how federal rules impact electric system reliability. The agreement on the bipartisan legislative package follows a number of Senate hearings in recent months and lawmakers' consideration of more than 100 bills offered for inclusion in the wider package. The bill unveiled Wednesday is also the result of negotiations between the two leaders of the Senate Energy and Natural Resources Committee -- Chairman...
  • Weatherford to boost job cuts to 11,000

    07/23/2015 5:34:02 AM PDT · by thackney · 10 replies
    Fuel Fix ^ | July 22, 2015 | Collin Eaton
    Weatherford International says it plans to bump its job cuts from 10,000 to 11,000, about 20 percent of its workforce, with the increase coming mostly from its U.S. support staff. The oil field services firm, based in Switzerland with main offices in Houston, said the layoffs come as the North American market continues to weaken. It had completed all but 3 percent of its previously announced cut of 10,000 jobs, it said in its second-quarter earnings release late Wednesday. “The aggregate results of these measures will help mitigate the effects of the downturn, while at the same time, take advantage...
  • Obama gives final approval to Arctic drilling

    07/22/2015 2:33:44 PM PDT · by jazusamo · 18 replies
    The Hill ^ | July 22, 2015 | Timothy Cama
    The Obama administration gave its final stamp of approval Wednesday to Shell Oil Company's application to drill oil and natural gas in the Arctic Ocean. Under the approval, Shell can start drilling exploratory wells as soon as its fleet arrives at its prospect in the Chukchi Sea, about 140 miles off Alaska's northwest coast. But the two “application to drill”s approved by the Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) included key restrictions that bar Shell from drilling in areas known to contain oil, since its safety equipment is not yet fully ready. The decision is a major...
  • Opinion: The Strategic Petroleum Reserve IS NOT The Senate's Piggy-Bank

    07/22/2015 2:50:46 PM PDT · by thackney · 16 replies
    Oil Pro ^ | 7/22/2015 | Jeff Reed
    The US Senate showed a disturbing lack of respect for US energy security on Tuesday. The upper chamber introduced a highway bill that proposes selling oil from the US Strategic Petroleum Reserve (SPR) to partially pay for a three-year extension of the highway trust fund. The bill is the result of a deal between Senate Majority Leader Mitch McConnell and California Democrat Senator Barbara Boxer. Legislators project that selling 101 billion barrels from the 693 billion barrel stockpile would raise $9 billion if the government sells the oil between 2018 and 2025. The bill assumes an average oil price of...
  • U.S. Winning Oil War Against Saudi Arabia

    07/22/2015 5:40:37 AM PDT · by thackney · 10 replies
    Forbes ^ | 7/22/2015
    ...“The EIA has global oil demand in 2020 and beyond being met with increased supplies from a region of the world stuck in a multi-decade crisis that is likely to get much worse before it ever gets better. Supply from the short-cycle U.S. oil market is required to balance the global crude market at a rate where U.S. shale should remain a growth industry.”... There have been several key developments that set the stage for the evolutionary phase that the world has now entered: 1) development of mature fracking technologies for oil and gas shale that have made previously uneconomic...
  • Obama's Scorched Oil and Gas Policy

    07/22/2015 5:30:02 AM PDT · by thackney · 1 replies
    Real Clear Energy ^ | July 22, 2015 | Robert Bradley
    The clock is ticking on the Obama Administration. With only 18 months remaining in his final term, federal energy planners and agency regulators are working as quickly as possible to impose new rules on the oil and natural gas industry. As one industry lobbyist told the Houston Chronicle, “The agencies are all in hyperdrive to get the rules across the finish line or have them well-positioned in the regulatory queue so that their path forward past Jan. 20, 2017, is clearly established.” The rush to increase regulations on oil and natural gas is nothing but bad news for an industry...
  • Ridgewood launches huge deep-water Gulf fund, says it can find oil for $20 per barrel or less

    07/22/2015 5:23:50 AM PDT · by thackney · 15 replies
    Fuel Fix ^ | July 21, 2015 | Jordan Blum
    Ridgewood Energy is not letting $50 oil shift its aim. The energy company focused on the deep-water Gulf of Mexico closed a nearly $2 billion private equity fund that it contends will still prove profitable. Houston- and New Jersey-based Ridgewood said its new $1.94 billion, Ridgewood Energy Oil & Gas Fund III is its biggest yet and exceeded its initial $1.5 billion target. As other companies slow down their expensive deep-water Gulf investments, Ridgewood says it can find and develop oil there for $20 a barrel or less, although the break even is closer to $35 a barrel with other...
  • TimnkenSteel to lay off 39 Houston workers

    07/21/2015 10:43:26 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | July 20, 2015 | Robert Grattan
    Manufacturer TimkenSteel Material Services LLC told state officials Monday it would lay of 39 workers at a Houston plant. The Canton, Ohio-based company, which manufactures steel bars and pipes, cited a “significant downturn in business” as the reason for the layoffs. Manufacturers and oil patch suppliers have suffered alongside drillers as lower crude oil prices have led producers to idle rigs and trim orders for the manufactured goods that support drilling. Timken has operations in the U.S., Mexico, Europe and China. In its 2014 annual report, the company indicated that its energy and distribution business segment accounted for about 43...
  • Why Are Republicans Resurrecting Uber-Failed Green Energy Subsidies?

    07/21/2015 10:24:50 AM PDT · by E. Pluribus Unum · 17 replies
    Human Events ^ | 07/21/2015 | Seton Motley
    Thank goodness we last November gave the Republicans the Senate majority.Who besides the GOP would resurrect government money for ridiculous “green” “energy” – which is neither green nor energy? To the tune of tens (if not hundreds) of billions of dollars more down the juice-less rat hole. Oh yeah – every Democrat on the planet. Senate May Revive Expired Green Energy Tax SubsidiesThe Senate finance committee will be holding a markup hearing on expired tax subsidies members want to be revived for their constituents and campaign supporters, and this includes now defunct subsidies for green energy.A document released by...
  • We Interrupt Our Regular Trump Programming to Announce America’s Surrender To Iran...

    07/20/2015 10:20:18 PM PDT · by Steelfish · 6 replies
    National Review ^ | July 20, 2015
    We Interrupt Our Regular Trump Programming to Announce America’s Surrender to Iran and Global Governance July 20, 2015 At the New York Times website this morning, if you dig down under stories on the Donald Trump Circus, you will find a one-line link, buried beneath several other one-line links, to a report titled, “U.N. Vote on Iran Nuclear Deal Irks Congress.” Further burying the lede, you must scour down to a passing reference in paragraph four to find a glimmer of the real story: The Obama administration has already raced to the United Nations Security Council to spearhead action, today,...
  • The oil price war is set to get vicious (Saudi's now borrowing money)

    07/20/2015 8:25:12 PM PDT · by aimhigh · 35 replies
    Money Week ^ | 7/15/15 | John Stepek
    Saudi Arabia is pumping more crude oil than ever before. In June, it produced 10.6 million barrels a day. That’s the highest on record, . . . . .. And it’s pretty clear that Saudi Arabia is settling in for the long run. The country borrowed $4bn on the bond markets this week, selling bonds for the first time in eight years.
  • Nuclear deal: Saudis signal they'll act before Iran gets the money

    07/20/2015 3:58:21 PM PDT · by Isara · 23 replies
    CS Monitor ^ | July 17, 2015 | Taylor Luck
    Amman, Jordan — The nuclear deal that will lift tough sanctions on Iran is mobilizing Saudi Arabia to turn the tide against its regional rival in Yemen and Syria before it makes an economic recovery, military officials and analysts say. According to the sources, the military component of the Saudi offensive will include the use of special forces on the ground in Yemen, and a potentially widened use of Saudi and allied Sunni air power in Syria. The Saudis have signaled their intent to employ ground forces in Yemen previously, but have not done so. But the potential military initiatives,...
  • 'Chinese naval vessels in Indian Ocean should not be taken as a threat'

    07/20/2015 10:16:33 PM PDT · by Jyotishi · 5 replies
    Rediff.com ^ | Tuesday, July 21, 2015 | Press Trust of India
    Justifying the docking of Chinese submarines in Karachi and Colombo, a Chinese think tank questioned criticism in India of the presence of Chinese naval ships in the Indian Ocean, saying China has a right to protect its interests and India should be "broad-minded" to accept it. "But even if Chinese naval ships and submarines appear regularly in the Indian Ocean, so what?," an article in the state-run China Daily questioning the criticism of Chinese vessels in the Indian Ocean said. Written by Zhou Do, an honorary fellow with Centre for China American Defence Relations of Beijing-based Academy of Military Science,...
  • WTI Crude falls to four-month lows, amid lingering oversupply concerns

    07/20/2015 1:39:28 PM PDT · by Lorianne · 8 replies
    Investing.com ^ | 20 July 2015
    Investing.com -- WTI crude futures fell slightly on Friday plummeting to a four-month low, amid continuing fears of a glut of oversupply on the global energy markets. On the New York Mercantile Exchange, WTI for August delivery traded in a tight range between $50.16 and $51.23 a barrel, before settling at $50.88, down 0.03 or 0.07%. Texas Long Sweet futures closed lower for the third straight trading day and the 11th time in 14 sessions. At one point, WTI crude futures fell to its lowest level since April 6 when it dipped below $50 a barrel. On the Intercontinental Exchange...
  • India increases Iran oil imports

    02/11/2012 7:24:43 PM PST · by BlackVeil · 14 replies · 1+ views
    Tehran Times ^ | 11 Feb 2012 | Economic Desk
    Iran's crude oil exports to India have increased 37.5% in January. India has increased oil imports from Iran to become the Islamic Republic's largest customer last month, ignoring recent sanctions imposed by US and EU on importing Iran’s oil. According to The Wall Street Journal Iranian crude exports to India rose to 550,000 barrels a day in January, up 37.5 percent from December 2011. The development, the report said, has partly offset a 50 percent cut in crude exports to China as a result of pricing dispute. China now imports around 250,000 barrels a day from Iran. The news comes...
  • India to pay gold [instead of dollars] for Iranian oil. Oil and gold markets stunned

    01/24/2012 10:33:24 AM PST · by Lorianne · 26 replies
    DEBKA ^ | 23 January 2012 | no byline
    India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile's intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran's total exports of 2.5 million bpd. Both are superpowers in terms of gold assets. By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank's assets and the oil embargo which the European Union's foreign ministers agreed to impose Monday, Jan....
  • India to pay gold instead of dollars for Iranian oil. Oil and gold markets stunned

    01/23/2012 11:18:49 AM PST · by JohnKinAK · 29 replies
    Debka File ^ | 1/23/2012 | DebkaFile
    India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile's intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran's total exports of 2.5 million bpd. Both are superpowers in terms of gold assets. By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank's assets and the oil embargo which the European Union's foreign ministers agreed to impose Monday, Jan....
  • India, Iran mull over gold-for-oil for now

    01/10/2011 10:22:36 PM PST · by dollarbull · 5 replies
    The economic times ^ | 1/8/11 | Dheeraj Tiwari & Rajeev Jayaswal,ET Bureau
    NEW DELHI: India is determined to ensure steady crude oil supplies from Iran and is even considering settling payments with gold in the short term before the two countries agree on a mutually accepted currency and a bank to clear the transactions.
  • India, Iran mull over gold-for-oil

    01/10/2011 3:34:36 PM PST · by DeaconBenjamin
    Economic Times ^ | 8 Jan, 2011, 01.36AM IST, | Dheeraj Tiwari & Rajeev Jayaswal
    NEW DELHI: India is determined to ensure steady crude oil supplies from Iran and is even considering settling payments with gold in the short term before the two countries agree on a mutually accepted currency and a bank to clear the transactions."We have written a letter to NIOC (National Iranian Oil Company) asking it to suggest a bank where US sanctions are not applicable," a government official involved in the matter said requesting anonymity. Another official said India could settle crude oil import transaction using gold in the short term, while efforts to resolve the deadlock continue. An Indian delegation,...
  • No Growing Pains: De Beque embraces sales, tax revenue from marijuana

    07/19/2015 3:00:01 PM PDT · by GSWarrior · 3 replies
    Grand Junction Sentinel ^ | 7/18/15 | Amy Hamilton
    DE BEQUE — Most motorists cruising along Interstate 70 likely don’t realize De Beque has a downtown. To get there from the interstate, drivers follow a winding road over a broad stretch of the Colorado River and under a railroad bridge. A weathered welcome sign currently lists 501 residents, although those numbers have fluctuated over the years. Yet thanks to the 40-foot-high pillar adorned with a gigantic green cross and a yellow smiley face, Exit 62 off the interstate now is the first outpost for eastbound drivers in Colorado to purchase marijuana. The January opening of Kush Gardens, 4550 U.S....
  • Gov. Brown Moves Bill That Would Mandate 50% Reduction In Gas Usage by 2030 - Agenda 21

    07/18/2015 10:19:30 AM PDT · by MarchonDC09122009 · 55 replies
    LA CBS ^ | 07/17/2015 | LA CBS
    Gov. Brown Talks To KCAL9 About Bill That Would Mandate Reduction In Gas Usage LOS ANGELES (CBSLA.com) — As Gov. Jerry Brown prepares to travel to Rome next week for an international climate conference, the debate over a bill aimed at reducing gas usage in California is heating up. Brown fully supports SB-350, which would mandate a 50-percent cutback in California’s gas usage in the next 15 years, arguing that it’s a prime factor in global warming. “We’ve got a serious problem here,” he told KCAL9 Political Reporter Dave Bryan via satellite. “Burning oil and gas and coal and diesel...
  • Take a Bow for the New Revolution

    07/18/2015 7:10:19 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | July 18, 2015 | Paul Driessen
    From the outset, President Obama directed his powerful government agencies and congressional allies to help him “fundamentally transform” the United States. Too many of them were eager to nationalize the nation’s healthcare system, ignore or rewrite inconvenient laws, control the internet and political speech, implement new regulations that imposed enormous costs for few or illusory benefits, and shut down oil, gas and coal in favor of expensive, unreliable, heavily subsidized wind, solar and biofuel energy.We voters and citizens were supposed to “tip our hats to the new Constitution” and “take a bow for the new revolution,” as The Who put...
  • Al Gore: Obama's Arctic Drilling Plan 'Is Insane'

    07/17/2015 11:08:03 PM PDT · by nickcarraway · 16 replies
    Politico ^ | 7/17 | Nick Gass
    Former Vice President Al Gore offered up some rare criticism of President Barack Obama’s environmental policy in a recent interview, calling for a ban on all Arctic drilling and blasting the administration’s decision to allow Royal Dutch Shell to begin sinking exploratory wells in the oil-rich Chukchi Sea in the Arctic as “insane.” “I think that in his second term, he has done really quite a good job,” Gore said in an interview with The Guardian published Thursday. “Of course there are things I would change. I think Arctic drilling is insane. I think that countries around the world would...
  • Another round of Slope methane hydrate research planned

    07/17/2015 9:11:34 AM PDT · by thackney · 12 replies
    ALASKA JOURNAL OF COMMERCE ^ | 2015.07.15 | TIM BRADNER
    Another test of methane hydrates on the North Slope, a potential huge new gas resource, is being planned. State officials are in discussions with the U.S. Department of Energy and the Japan Oil, Gas and Metals National Corp., or JOGMC on possible joint-sponsorship, and talks are planned with North Slope producers about potential sites for a test within one of the operating units on the Slope, Commissioner of Natural Resources Mark Myers said. A technical evaluation of different sites is now underway, Myers said. Drilling within an existing industry unit is preferable for cost reasons but sites on nearby unleased...