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  • US businessmen lining up to do business with Iran

    05/04/2015 7:54:22 AM PDT · by SeekAndFind · 34 replies
    American Thinker ^ | 05/04/2015 | Rick Moran
    Capitalism is a wonderful thing - except when it isn't. Several US businessmen - oil execs for instance - are eagerly waiting for the day when "normalizing" relations with Iran would lead to exploiting the business opportunities offered by the mullahs. The Hill: Leaders from the United States’ oil industry are traveling to Iran this week to discuss potential investment opportunities, Iran’s government said. The delegation of oil company leaders and investors are visiting Iran in anticipation of sanctions being loosened against Tehran, Iran’s state-owned Mehr News Agency reported Monday. “It is forecast that by the visit of [the] American delegation...
  • OTC Commentary: Baker Hughes taps the Lower Tertiary

    05/04/2015 5:11:33 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | May 4, 2015 | Richard Dunham
    The Gulf of Mexicos Paleogene play, also known as the Lower Tertiary, has been described as the scene of a 21st century gold rush for the energy industry. It also has been characterized as an innovation rush. Both are true. The Lower Tertiary is estimated to contain between 14 and 40 billion barrels of oilworth as much as $2.4 trillion at $50-$60 per barrel. Compared with total recent U.S. reserve estimates of 29 billion barrels, the scale of this ultradeepwater frontier is tremendous. The size of the Lower Tertiary prize is huge, but so are its challenges: water depths of...
  • Heartache: Swarthmore College board fails to divest from fossil fuels

    05/03/2015 8:52:14 AM PDT · by rktman · 18 replies
    hotair.com ^ | 5/3/2015 | Jazz Shaw
    Not too long ago, the students and more than a few of the faculty at Swarthmore College decided that the time had come to take a stand against Big Oil, carbon or something. Along those lines, they demanded that their school divest their endowment fund from any investments in fossil fuels. In order to make their point, they organized a sit in which lasted for the better part of a month. In the end, they declared victory when the faculty voted to support the students in this decision.
  • Kemp: Forward Oil Prices Anchor Around $75

    05/02/2015 5:28:53 AM PDT · by thackney · 6 replies
    Reuters via Rig Zone ^ | May 01, 2015 | John Kemp
    Market participants expect the price of Brent to average around $75 per barrel through the rest of the decade, not much above the current level. Spot Brent prices have risen around $20 per barrel from their mid-January low, from $46 to $66, an increase of more than 40 percent. Over the same period, however, futures prices for oil delivered at the end of 2017 have increased just $4.50 per barrel and remain semi-fixed a little over $70. As spot prices have risen, the slope of the forward curve has become flatter, ensuring prices for 2017 and beyond are almost unchanged...
  • Danger in the Heartland: Man-Made Quakes Mark New Hazard Map

    05/02/2015 12:38:19 PM PDT · by Citizen Zed · 13 replies
    weather.com ^ | 5-1-2015 | Zain Haidar
    There's a new hazard in the Heartland. The U.S. Geological Survey (USGS) recently released a map highlighting the future risk for man-made earthquakes, and up to eight states have an increased chance to see ground shaking. Azle, Texas, which had no recorded quakes for 150 years, felt 27 tremors from November 2013 to January 2014. The Dallas-Fort Worth Metroplex continues to feel regular earthquakes. As Science Magazine reports, earthquakes hit areas of Kansas bordering Oklahoma 192 times in the last two years; the same counties were only hit twice in the preceding 35 years. For the most part, the scientific...
  • Venezuela Rations Electricity, Blames Climate Change

    04/30/2015 12:31:36 PM PDT · by george76 · 17 replies
    Breitbart News Network ^ | 29 Apr 2015 | Frances Martel
    Public employees will only have to work six hours a day until further notice, and police units will be sent to inspect private businesses to ensure they only use their allotted amounts. Venezuelan Vice President Jorge Arreaza blamed the measures on climate change. ... The Venezuelan government is responsible for providing electricity in the socialist nation, and concerns that power is running out in the OPEC nation have triggered alarm that power may be next on a list of basic scarcities in Venezuela that include milk, laundry detergent, and vegetable oil. ... Vice President Arreaza also made a bizarre call...
  • As U.S. cuts, Saudi oil-rig counts hit record highs

    05/01/2015 5:45:02 AM PDT · by thackney · 10 replies
    Market Watch ^ | May 1, 2015 | Myra P. Saefong
    Saudi Arabia has been making some big moves lately, most notably in its leadership reshuffle, but the country also has raised the number of rigs it has actively drilling for oil and natural gas by 30% since March 2014. James Williams, an energy economist at WTRG Economics, suggests that the Saudis are working toward increasing their oil-production CLM5, -0.65% LCOM5, -0.99% capacity to gain even more leverage over the oil market than they already have as the Organization of the Petroleum Exporting Countries so-called swing producer. The concept isnt totally new, as some media reports also mention Saudi efforts to...
  • New maps highlight geologic characteristics of U.S. tight oil, shale plays

    04/17/2015 5:25:39 AM PDT · by thackney · 15 replies
    Energy Information Administration ^ | APRIL 17, 2015 | Energy Information Administration
    EIA is currently in the process of updating maps of major tight oil and shale gas plays, including the Eagle Ford and Marcellus plays, which will help to better characterize the geology of key areas of production in the United States. EIA's most recent maps focus on shale and tight oil plays, and characterize plays based on geologic characteristics, including rock type and age. Understanding geologic history and processes helps exploration and production companies reduce the risk of drilling dry, nonproducing wells and better understand hydrocarbon resource potentials. Production of crude oil and natural gas occurs in two classes of...
  • Low Oil Prices Could Destabilize Financial System

    04/30/2015 12:06:48 PM PDT · by Opintel · 12 replies
    Oilprice.com ^ | 30-04-2015 | Mark Rutte
    Could the rising levels of debt in the oil industry contribute to destabilization in the financial system? The collapse in oil prices has forced drillers to turn to debt markets to keep their operations going. According to the Wall Street Journal, there has been $86.8 billion in new debt issued so far in 2015, a 10 percent increase over last year. But that trend is not necessarily new. The oil industry has relied on debt for quite some time, but the dramatic fall in oil prices has put a bright spotlight on the practice. The Bank for International Settlements concluded...
  • Easier to find oil ( Abiogenic ? )

    09/11/2009 11:46:37 AM PDT · by Halfmanhalfamazing · 54 replies · 1,623+ views
    KTH Royal Institute of Technology ^ | September 9th | Peter Larsson
    Researchers at KTH have been able to prove that the fossils of animals and plants are not necessary to generate raw oil and natural gas. This result is extremely radical as it means that it will be much easier to find these energy sources and that they may be located all over the world. With the help of our research we even know where oil could be found in Sweden! says Vladimir Kutcherov, Professor at the KTH Department of Energy Technology in Stockholm. Together with two research colleagues, Professor Kutcherov has simulated the process of pressure and heat that occurs...
  • Tesla Could Be Changing The Dynamics Of Global Energy

    04/28/2015 10:13:13 AM PDT · by bananaman22 · 43 replies
    Oilprice.com ^ | 28-04-2015 | Prince In White Tesla
    Teslas announcement last week about creating a new line of batteries for use by businesses, consumers, and the electrical grid at large is a game-changer for the industry. Currently, when individuals or companies need back-up power, they usually rely on generators. Effective battery storage for large amounts of energy would be a game changer in that it would enable a separation of generation and use of energy produced through clean fuels like solar and wind power. The big problem with solar and wind right now is that the energy is only useful when it is actually produced and, because a...
  • Europe is eyeing Iran's massive gas reserves

    04/27/2015 5:57:51 AM PDT · by McGruff · 4 replies
    BUSINESS INSIDER ^ | 4/27/2015 | TARA SHIRVANI
    The annexation of Crimea and the consequent threats of gas supply cuts by Russia have been a reminder of an inconvenient truth: when it comes to politics, Europe will always be influenced by its dependency on Russian gas. According to the European Parliament, in 2013 Russia provided 43.2% of the European Unions gas imports, 31.38% of its oil imports, and 26.7% of its coal imports. But the dependency runs both ways.
  • UK Govt To Oppose Any Moves On BP

    04/27/2015 1:36:10 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 27-04-2015 | Banana
    The U.K. government wants BP to still stand for British Petroleum. The Financial Times reported that Downing Street would do all it could to block a takeover of BP. Weakened and shrunken down due to the massive, and still rising, toll stemming from the Deepwater Horizon disaster, BP could become a takeover target from one of the larger oil majors out there. Rumors have been swirling in recent weeks that perhaps ExxonMobil or Chevron could be eyeing the British oil giant, so much so that BPs CEO Bob Dudley had to publicly dispel any notion that his company is for...
  • Audi just created diesel fuel from air and water

    04/27/2015 11:16:12 AM PDT · by Hostage · 101 replies
    Gizmag ^ | April 26, 2015 | Eric Mack
    Audi is making a new fuel for internal combustion engines that has the potential to make a big dent when it comes to climate change that's because the synthetic diesel is made from just water and carbon dioxide. The company's pilot plant, which is operated by German startup Sunfire in Dresden, produced its first batches of the "e-diesel" this month. German Federal Minister of Education and Research Johanna Wanka put a few liters of the fuel in her work car, an Audi A8, to commemorate the accomplishment. The base fuel is referred to as "blue crude," and begins by...
  • Kerry: Arctic climate change goals more important than containing Russia

    04/26/2015 10:02:55 PM PDT · by Cincinatus' Wife · 20 replies
    The American Thinker ^ | April 26, 2015 | Rick Moran
    US Secretary of State John Kerry assumed the chairmanship of the Arctic Council, and immediately made it clear that despite worrisome Russian military moves in the Arctic, the US would not challenge them. Washington Examiner: >>>>In assuming the leadership role, Kerry laid out a robust agenda to face the threat of climate change in the Arctic, which he says is being affected by global warming more than anywhere else in the world. But when faced with questions over whether the U.S. will use its new leadership position to address threats posed by Russia, Kerry said no. Kerry said the idea...
  • An Earth Day call to ban fracking across this land

    04/22/2015 10:54:03 PM PDT · by 2ndDivisionVet · 17 replies
    The New York Daily News ^ | April 22, 2015 | Mark Ruffalo, actor and director
    Just say no, Obama. Flaming water, poisoned air and destroyed lives thats what I found when I traveled to Dimock, Pa., in 2009 to see the impacts of fracking firsthand. Six years later, this tragic story is one shared by countless Americans, too many of them with no choice in the matter. Ten years after the Bush-Cheney administration exempted fracking from key parts of some of our nations most important environmental and public health laws, including the Safe Drinking Water Act, Clean Water Act and Clean Air Act, the science is finally catching up to the process and...
  • Epic Fail: Seven Big Failed Environmentalist Predictions

    04/25/2015 12:52:22 PM PDT · by SeekAndFind · 39 replies
    The Federalist ^ | 04/24/2015 | Robert Tracinski
    I recently discussed what it would take to prove that global warming is actually occurring, that it is caused by humans, and that it will be catastrophic. But that’s not the full picture. To understand why so many of us are so skeptical about global warming, you have to understand the environmentalists’ larger track record: a long series of failed predictions and bogus prognostications of doom. It has been 45 years now since the first Earth Day. You would think that in this time frame, given the urgency with which we were told we had to confront the supposed...
  • 5 years after BP spill: What's changed in offshore drilling

    04/20/2015 12:53:05 PM PDT · by Citizen Zed · 3 replies
    eaglefordtexas.com ^ | 4-20-2015 | Cain Burdeau | The Associated Press
    NEW ORLEANS As oil gushed from BPs ruptured well five years ago and public outrage built by the day, the Obama administration issued a six-month moratorium on drilling in the Gulf of Mexico. When the well was finally capped after nearly three months, political and industry pressure mounted on the White House to lift the ban, which it did about a month earlier than planned. Since then, oil and gas drilling Gulf has bounced back strongly and the number of deep-water drilling rigs has actually increased from 35 to about 48. Drillers are pushing into even deeper water and...
  • Looking Back: The Doomsayers Were Wrong about the BP Oil Spill; Mother Nature Heals Itself

    04/23/2015 7:08:29 AM PDT · by SeekAndFind · 24 replies
    National Review ^ | 04/23/2015 | by STEPHEN MOORE & JOEL GRIFFITH Read more at: http://www.nationalreview.com/article/417345/doomsay
    Five years ago this week, a blowout of BP’s Deepwater Horizon oil rig 40 miles from the Gulf Coast tragically claimed eleven lives and spilled 3 million barrels of oil from the damaged wellhead into the Gulf. It’s hard to forget the video images of thick oil gushing, day after day, into the region’s waters. It was a horrific accident that caused substantial damage to the ecology and commerce of the region. Gulf-area wildlife, portions of the shoreline, tourism, fishers and shrimpers, and energy-sector workers suffered large losses in the aftermath of the spill. BP has paid close to $27...
  • Ex-BP Chief Sees Oil Bull Market Sooner than Many Expect

    04/22/2015 8:17:45 AM PDT · by thackney · 2 replies
    Reuters via Rig Zone ^ | April 22, 2015 | Dmitry Zhdannikov and Silvia Antonioli
    Low crude prices will trigger consolidation in the oil industry but a new bull market might arrive much sooner than expected given the huge scale of capital and workforce withdrawal in the sector, a former boss of oil major BP said. "The actions the industry is taking to withdraw capital are laying the seeds for the next bull market," Tony Hayward told the FT Commodities Summit. "The peak of U.S. shale supply has arrived earlier than anticipated ... The supply chain in the U.S. has been decimated ... It will take several years to take activity back," Hayward said....
  • Big Hit For U.S. Oil Production In January

    04/24/2015 5:51:32 AM PDT · by thackney · 11 replies
    Oil Price ^ | 23 April 2015 | Arthur Berman
    U.S. crude oil production fell at least 135,000 barrels of oil per day in January 2015 compared to December 2014 according to the EIA (Figure 1). Bakken Shale production fell the most of any play or jurisdiction losing 37,000 barrels per day in North Dakota and 4,000 barrels per day in Montana for a total of 41,000 barrels of oil per day (Figure 2). Production in California, the offshore Gulf of Mexico, Alaska and Wyoming also declined significantly. Figure 3 shows Bakken production based on DrillingInfo data. The 42,000 barrels of oil per day drop in January production is completely...
  • Oil Prices Wont Recover Anytime Soon Says Exxon CEO

    04/22/2015 2:17:16 PM PDT · by Opintel · 18 replies
    Oilprice.com ^ | 22-04-2015 | Willem van Oranje
    There is mounting evidence that oil prices are poised to rebound from a historic bust. Rig counts hit new lows each week. For the week ending on April 17, Baker Hughes says the U.S. lost an additional 34 oil and gas rigs, bringing the total down to 954. Domestic crude oil production appears to have plateaued and the EIA expects a contraction in May. Nearly every driller is dramatically scaling back spending, which should increasingly cut into new output. And oil consumption is finally picking up, as drivers far and wide take advantage of cheap fuel. But what if the...
  • CERAWeek: Oil chiefs explain why U.S. shale boom hasnt gone global

    04/22/2015 4:37:25 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | April 22, 2015 | Collin Eaton
    Has billionaire oil man Harold Hamm ever been tempted to take the U.S. shale revolution abroad and expand his oil empire from North Dakota to the rest of the world? I have not, Hamm told a gathering of energy executives Tuesday. The question had come from Daniel Yergin, vice chairman of IHS. Hamm, CEO of Continental Resources, one of the biggest oil producers in the Bakken Shale, was one of three oil-company chief executives speaking from the stage during a panel at the IHS CERAWeek energy conference at the Hilton Americas-Houston. So why havent U.S. shale producers tried to tap...
  • Anti-local fracking control bill advances in Texas

    04/21/2015 5:05:57 AM PDT · by thackney · 44 replies
    Platts ^ | 20 Apr 2015 | Platts
    A bill being debated in the Texas Legislature that would severely limit local municipalities' power to regulate oil and natural gas drilling moved one step closer to becoming law Monday. In a 125-20 vote, the Republican-dominated Texas House of Representatives approved on third reading H.B. 40. The legislation would "expressly pre-empt local ordinances that ban or limit oil and gas operations," including hydraulic fracturing. The bill will now move to the state Senate, which, like the House, is Republican-controlled. If passed by both houses of the legislature it will move to the desk of Republican Governor Greg Abbott, who has...
  • Bill to Standardize Drillings Setbacks Passes Texas House

    04/20/2015 9:45:18 AM PDT · by thackney · 2 replies
    Rig Zone ^ | April 17, 2015 | Deon Daugherty|
    Legislation to set standards for cities that wish to regulate the oil and gas drilling within their city limits passed the Texas House Friday with more than two-thirds approval. House Bill 40 heads to the Texas Senate Monday, where, if it can sustain the momentum thats carried it this far, could soon become law. And thats got some special interests groups in a tizzy. If some Austin lawmakers are successful, oil and gas drilling could be coming to a school, playground of daycare center near you, wrote Luke Metzger, director of Environment Texas in an opinion piece published in the...
  • Halliburton Announces 9,000 Layoffs

    04/21/2015 9:46:05 AM PDT · by SeekAndFind
    Houston Press ^ | 04/21/2015 | By Dianna Wray
    In a move that once again isn't exactly shocking, Halliburton Co. has been engaging in much more serious layoffs than they initially planned on back in February. Back in the early part of the year -- when energy analysts were confidently predicting oil prices would rebound in no time at all -- Halliburton still battened down the hatches, announcing plans for about 6,500 layoffs. Since then the analysts have for the most part gotten increasingly dour with their predictions, oil prices have stayed around $50 a barrel and Halliburton has actually laid off about 10 percent of its workforce in...
  • Oil and Gas Company Baker Hughes ramps up layoffs to 10,500 worldwide

    04/21/2015 9:43:58 AM PDT · by SeekAndFind
    The Times Picayune ^ | 04/21/2015 | By Jennifer Larino
    Baker Hughes Inc., one of the world's largest oil and gas service companies, said it will increase job cuts worldwide to 10,500, or about 17 percent of its total workforce. The Houston-based company said the cuts are necessary in order to weather a crash in North American drilling prompted by low oil prices. Baker Hughes announced the additional cuts Tuesday (April 21) after reporting a $32 million loss for the first quarter this year. The company's first-quarter revenue was down 20 percent compared to the same period a year ago. Earlier this year, Baker Hughes said it planned to cut...
  • CERAWeek: U.S. and Wall Street take over OPECs role as global swing producer

    04/21/2015 4:54:13 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 20, 2015 | Collin Eaton
    Financial markets underpinning the U.S. shale boom have emerged as the worlds de facto regulator of global oil production, taking over from the Saudi Arabia-led cartel that effectively abdicated its decades-old role in November, a top IHS researcher said Monday. The Organization of the Petroleum Exporting Countries is not what it used to be; its no longer the balancer of the oil market, said Jim Burkhard, chief researcher of global oil markets for IHS, during a panel on the first day of the week-long IHS Energy CERAWeek conference at the Hilton Americas-Houston. For a generation, Burkhard said, OPEC could influence...
  • Is This Where Investors Should Be Looking When Oil Recovers

    04/21/2015 3:17:19 PM PDT · by bananaman22 · 19 replies
    oilprice.com ^ | 04/21/2015 | James stafford
    When oil prices recoverand plenty of analysts think the climb back up will start soonCanadas western frontier of Saskatchewan and neighboring Alberta will still have the edge, according to a report from TD Economics. Depressed oil prices may have skewed the view from Canadas oil-producing west, but this will be one of the better places to bet on the oil rebound. Saskatchewan remains the last highly accessible onshore North American oil frontier and it is home to part of the prolific Williston Basin. And as the industry gears up for the Williston Basin Petroleum Conference (WBPC) on 28 April, the...
  • How To Spot An Undervalued Oil Company

    04/24/2015 10:58:04 AM PDT · by Opintel · 3 replies
    Oilprice.com ^ | 24-04-2015 | Jump At Opportunities !
    Oil executives have been making headlines recently, due to large purchases of their own companys stock. In fact, insider buying in the oil industry is higher than any other industry, except the machinery industry. Whos buying? Major insider purchases for the month of March were made by Kinder Morgan (NYSE: KMI) and Diamond Offshore Drilling (NYSE: DO). Diamond Offshore Drillings CEO, Corp Loews, purchased 685,373 shares on the open market, and Rich Kinder, CEO of Kinder Morgan, purchased 100,000 shares of Kinder Morgan. In March, Rich Kinder and Corp Loews werent the only executives buying company stock. The Director of...
  • Northeast Gas Coming Soon to a Market Near You

    04/24/2015 10:18:15 AM PDT · by thackney · 13 replies
    The dam is about to burst in the Northeast. The question is who will drown in the coming flood of natural gas? BTU Analytics is currently tracking 42 Bcf/d of Northeast projects coming online through 2018. Of that capacity, 14.6 Bcf/d will help carry gas out of the region. Some of the most notable of these projects are Energy Transfers Rover Pipeline at 3.25 Bcf/d, Spectras Nexus Pipeline at 1.5 Bcf/d, and a series of REX Pipeline expansions bringing the pipes total east to west capacity to 2.6 Bcf/d. Infrastructure constraints in the Marcellus and Utica have been the norm...
  • Rahm Emanuel lived rent free in BP flack's apartment(I can't wait until GOP Congress calls hearings)

    06/08/2010 10:39:50 AM PDT · by bestintxas · 17 replies · 66+ views
    american thinker ^ | 6/8/10 | Thomas Lifson
    If you or I lived rent free for five years in an apartment in pricey Washington, DC, we would have to pay income taxes on the value of the rent on the place. But apparently not Rahm Emanuel. The wonderful Andrew Malcolm of the LA Times writes: We already knew that BP and its folks were significant contributors to the record $750-million war chest of Barack Obama's 2007-08 campaign. Now, we learn the details of a connection of Rahm Emanuel, the Chicago mayoral wannabe, current Obama chief of staff, ex-representative, ex-Clinton money man and ex-Windy City political machine go-fer. Shortly...
  • How The Majors Are Playing The Oil Price Slump

    04/23/2015 10:01:42 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 23-04-2015 | strategy or die
    The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not all may work out. Which companies will emerge stronger after an oil price rebound and which will fall further behind because of bad decisions? There are different ways to play a down cycle. With oil prices half of what they were in 2014, revenues are significantly lower for everyone across the board. As a result, the oil industry has collectively implemented an estimated $114 billion in spending cuts. But oil executives are also trying...
  • CNN/ORC Poll: Economic optimism hits new peak under Obama

    04/21/2015 6:56:08 AM PDT · by SoFloFreeper · 22 replies
    CNN ^ | 4/21/15 | Jennifer Agiesta
    ..... Obama's approval rating is shifting back toward positive territory, as the public's take on the economy hits a new high mark for Obama's tenure, according to a new CNN/ORC poll. For the first time since May of 2013, more Americans polled say they have a positive impression of how Obama is handling the presidency than a negative one: 48% approve of the way Obama is handling his job, while 47% disapprove.
  • The Armenian Genocide

    04/15/2015 5:55:22 PM PDT · by Sean_Anthony · 7 replies
    Canada Free Press ^ | 04/15/15 | Dr. Ileana Johnson Paugh
    The Marxist/Nazi/Ottoman/Islamist ISIS pogrom against Christianity continues to this day Around the world, Christians are facing violence, persecution, brutality in a way we have not seen in generations. Rey Flores, The Wanderer The hypocritical war on women movement is deafly silent, no real effort to save the captives, and good men are doing nothing when faced daily with photographs of Christian hostages on their knees, clad in orange jumpsuits, about to be beheaded, when women and girls are kidnapped, raped, genitally mutilated by ISIS, and driven into a life of slavery as forced converts to Islam. One year later,...
  • Turkey accuses EU of 'enmity' over 1915 Armenian genocide recognition

    04/17/2015 1:38:35 PM PDT · by markomalley · 10 replies
    The Telegraph ^ | 4/17/15 | Richard Spencer
    Recep Tayyip Erdogan, Turkeys president, has accused the EU of declaring enmity on his country as next weeks centenary commemorations of the massacres of Armenians by the Ottoman Empire descend into bitter rows over what to call them. Both the European Parliament and Pope Francis this week referred to the killings as a genocide, a term recognised by much of the rest of the world but fiercely disputed by Turkey. The European decision prompted a furious response from Mr Erdogan. Such decisions are nothing but expressions of enmity against Turkey by abusing Armenians, he said while on a visit to...
  • Greece is 'close to the abyss' as black hole in public finances widens

    04/15/2015 7:48:25 AM PDT · by C19fan · 29 replies
    UK Telegraph ^ | April 15, 2015 | Mehreen Khan
    The depth of Greece's financial woes have been laid bare as official figures showed the country has fallen further into the red following the election of its Leftist government. Greece's primary budget surplus, which excludes its debt interest payments, shrunk to just over 1bn during January and February, compared to 3.17bn over the same period in 2014, according to figures from the Ministry of Finance.
  • Islamist Turkish President Erdogan Says A 'Mastermind' Is Plotting Against Turkey...

    04/14/2015 4:47:03 PM PDT · by markomalley · 24 replies
    Memri ^ | 4/14/15
    Since October 2014, Turkish President Recep Tayyip Erdogan has regularly referred to the concept of a "Mastermind" (ust akil, "supra-intellect," in Turkish) that, he says, is plotting against Turkey. This concept has been applauded by the Islamist pro-AKP media. Erdogan's December 12, 2014 speech, which focused on this "mastermind" concept, inspired the production of a two-hour "documentary" by one of the leading Turkish television channels, the pro-AKP A Haber. The film, titled "The Mastermind," first aired on March 15, 2015 and has been broadcast repeatedly since then; in addition, the Turkish Islamist pro-AKP media are circulating the film on their...
  • Scientists seek source of giant methane mass over Southwest

    04/12/2015 12:30:53 PM PDT · by ImJustAnotherOkie · 84 replies
    Fox News ^ | Published April 10, 2015 | AP
    DENVER Scientists are working to pinpoint the source of a giant mass of methane hanging over the southwestern U.S., which a study found to be the country's largest concentration of the greenhouse gas. The report that revealed the methane hot spot over the Four Corners region where Colorado, New Mexico, Utah and Arizona meet was released last year.
  • Abbas To Sign Accords With Putin in Moscow

    04/11/2015 10:14:46 PM PDT · by Olog-hai · 29 replies
    INN ^ | 4/11/2015, 10:55 PM | (Arutz Sheva Staff)
    Russian President Vladimir Putin will meet Palestinian Authority (PA) Chairman Mahmoud Abbas in Moscow on Monday where the issue of Middle East peace talks will be raised, Russian authorities announced Thursday. The two leaders will hold talks concerning key aspects of Russian-Palestinian relations and their future, with particular attention on the trade, economy and humanitarian sectors, the Kremlin said in a statement according to AFP. There will also be an exchange of ideas on the process of Israeli-Palestinian talks and other problematic regional situations, the statement continued, adding that North Africa would also be on the agenda.
  • How much longer can OPEC hold out?

    04/09/2015 9:25:14 PM PDT · by Citizen Zed · 3 replies
    India Info Online ^ | 4-10-2015 | Gaurav Agnihotri, Oilprice.com
    OPEC has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. When OPEC speaks, the world listens in rapt attention as it accounts for nearly 40 % of the world's total crude output. With its headquarters in Vienna, Austria, one of the mandates of 12- member OPEC is to "ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry." (Source:opec.org). However, OPEC...
  • Russia may give Greece pre-payment of profits from future gas pipeline project

    04/09/2015 9:44:10 AM PDT · by Lorianne · 9 replies
    CNBC/Reuters ^ | 08 April 2015
    Russia is considering soon giving Greece funds based on future profits Athens would earn from shipping Russian gas to Europe as part of an extension of the Turkish Stream gas pipeline project, a Greek government official said. Plans for the pipeline taking Russian gas from Turkey to Europe via Greece would be linked to lower Russian gas prices, the official added. Greece would pay back the Russian prepayment after the pipeline started operating, the official said.
  • Senators Try To Stop The Coming Oil Train Wreck

    04/07/2015 4:58:51 AM PDT · by thackney · 10 replies
    Forbes ^ | 4/06/2015 | James Conca
    Spearheaded by the Senators from Washington_State, legislation just introduced in the United States Senate will finally address the rash of crude oil train wrecks and explosions that have skyrocketed over the last two years in parallel with the steep rise in the amount of crude oil transported by rail. Oil production is at an all-time high in America, great for our economy and energy independence, but bad for the people and places that lie along the shipping routes. Just since February, there have been four fiery derailments of crude oil trains in North America and many more simple spills. More...
  • State Energy Expert Predicts $1.60-Per-Gallon Gas

    04/07/2015 8:27:21 AM PDT · by Perkinsbob54 · 42 replies
    Roswell Daily Record ^ | 4/7/15 | Jeff Tucker
    ROSWELL Gasoline prices in New Mexico could drop to as low as $1.60 a gallon this year as the United States and the Organization of Petroleum Exporting Countries engage in an outgoing crude oil price war, an expert told the New Mexico Landmens Association on March 27. Dr. Daniel Fine, associate director of the New Mexico Center for Energy Policy at New Mexico Institute of Mining and Technology, said at the landmens associations monthly meeting recently that crude oil storage in the United States is at a near maximum, meaning it will be some time before crude oil prices...
  • Rand Paul's excuse for avoiding the 'religious freedom' law controversy doesn't add up

    04/03/2015 12:10:36 PM PDT · by C19fan · 34 replies
    Business Insider ^ | April 2, 2015 | Hunter Walker and Colin Campbell
    Sen. Rand Paul (R-Kentucky) is the only major Republican likely 2016 presidential candidate who hasn't weighed in on the controversy over Indiana's "religious freedom" law that erupted this week and his explanation for avoiding the issue is questionable.
  • Don't expect oil prices to rebound anytime soon

    04/02/2015 12:15:57 PM PDT · by Perkinsbob54 · 12 replies
    High Country News ^ | 3/8/15 | Jonathan Thompson |
    Its not even 8 a.m. and rush hour is on in northwestern New Mexico. Dozens of big white trucks and water tankers, neon flags flying, head north to the gas patch. Im driving south, through Aztec, and as I pass the retro-orange A&W on the edge of town, I pull up alongside a drilling rig. The things huge, too huge, it seems, to be rolling along the same road as my little Nissan. Yet the strange, rolling infrastructure has been a familiar site around here for decades back in 1948, when a UFO purportedly crashed out on a nearby...
  • Crude falls as Iran deal to include lifting of all oil sanctions

    04/02/2015 11:01:06 AM PDT · by jimbo123 · 5 replies
    Forex Live ^ | 4/2/15 | Adam Button
    WTI crude fell below the earlier lows near $48.50 and down to $48.23 as reports reveal that once the deal is completed (presumably on June 30) all oil and banking sanctions against Iran will be lifted.
  • New Regs Ignore Fact Fracking Doesn't Taint Well Water

    04/02/2015 9:03:55 AM PDT · by raptor22 · 7 replies
    Investor's Business Daily ^ | April 2, 2015 | IBD EDITORIALS
    Energy: New federal regulations on fracking on public land ignore a study documenting that methane found in well water is unrelated to the location of hydraulically fractured oil and gas wells. When the Obama administration recently released its new regulations on fracking regulations that it said were needed to keep up with the advance and success of the decades-old technology to meet public safety needs the Independent Petroleum Association of America and Western Energy Alliance immediately filed suit, saying that the new regs were based on "unsubstantiated concerns" that lacked any scientific basis. "Hydraulic fracturing has been conducted...
  • Fact Check.org Rushes to Defend Federal Fracking Regulations, Steps on a Rake

    03/30/2015 1:26:09 PM PDT · by george76 · 8 replies
    Energy in Depth ^ | March 27, 2015 | Katie Brown
    This afternoon, Fact Check.org produced a fact-check that ostensibly criticizes U.S. Senator Jim Inhofe (R-OK) for his contention that there has never been an instance of ground water contamination caused by hydraulic fracturing. Of course, this piece isnt really about Inhofe at all; but before we get into that, we cant help but wonder why they are fact-checking Inhofe and not former EPA Administrator Lisa Jackson or Energy Secretary Ernest Moniz or Secretary of the Interior Sally Jewell all of whom have said exactly the same thing. Rather than a fact-check, it reads more like an advocacy...
  • Texas Hasn't Been This Bad In Two Years

    03/30/2015 10:10:07 AM PDT · by blam · 9 replies
    BI ^ | 3-30-2015 | Myles Udland
    Myles Udland March 30, 2015The crash in oil prices is hammering the Texas economy. The latest manufacturing outlook index from the Dallas Fed plunged again in March, to -17.4 from -11.2 in February, indicating deteriorating business conditions in the state. Expectations were for the index to show a reading of -9. But the most important part of this report is the commentary from Texas business leaders, who have given an on-the-ground picture of how the decline in oil prices is affecting one of the country's economies most driven by oil. In March the tune didn't change, as it sounds as...