Keyword: oil

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  • Swamp: Guess Who Set Up Andrew McCabe's Legal Fund?

    04/06/2018 6:59:45 PM PDT · by bitt · 37 replies
    Townhall.com ^ | 4/6/2018 | Katie Pavlich
    As Guy wrote, fired Deputy FBI Director Andrew McCabe raked in more than $500,000 from leftist sympathizers this week after setting up a legal fund and blasting President Trump. As a reminder, McCabe was fired by Attorney General Jeff Sessions after the FBI Office of Professional Responsibility and the DOJ Inspector General recommended he be terminated for a lack of candor. But it turns out, McCabe's pay day wasn't a result of a grassroots effort to defend him against false attacks. The GoFundMe page was set up by a Washington, D.C. lobbying firm connected to President Barack Obama. From Law...
  • Exxon, Chevron join climate initiative

    09/20/2018 9:52:27 AM PDT · by yesthatjallen · 21 replies
    The Hill ^ | 09/20/18 | Timothy Cama
    Three of the United States’ largest oil and natural gas companies are joining a major fossil fuel-backed international coalition to battle climate change. Exxon Mobil Corp., Chevron Corp. and Occidental Petroleum Corp. all announced that they’re joining the Oil and Gas Climate Initiative (OGCI) Thursday, in the lead-up to the major Climate Week event in New York City next week, where the group will have a meeting. The group was launched in 2014. Initially, United States-based companies avoided the initiative, and it was dominated by foreign companies like BP, Total and Royal Dutch Shell. “It will take the collective efforts...
  • Fracking helped make the US the world’s oil king

    09/16/2018 8:25:08 AM PDT · by Hojczyk · 12 replies
    New York Post ^ | September 12,2018 | By Post Editorial Board
    Move over, Russia — and Saudi Arabia, too: The United States is now the world’s largest producer of crude oil. “US crude-oil production exceeded that of Saudi Arabia for the first time in more than two decades,” the US Energy Information Administration reported Tuesday. “In June and August, the United States surpassed Russia in crude-oil production for the first time since February 1999.” That assessment confirms an International Energy Agency prediction in March that America would soon be No. 1, and it should keep that slot through 2019, at least. Thanks to the fracking boom, US oil production has topped...
  • Report: U.S. World’s Largest Crude Oil Producer

    09/12/2018 8:36:18 AM PDT · by Hojczyk · 31 replies
    Breitbart ^ | September 12,2018 | Joshua Caplan
    President Donald Trump’s America First energy policy has catapulted the United States to the world’s largest global crude oil producer, according to the Energy Information Administration (EIA). EIA’s Short-Term Energy Outlook (STEO) report states preliminary estimates show the U.S. feasibly overtook Saudi Arabia and Russia to become the top crude oil producer earlier this year. The report notes U.S. crude production in February outstripped Saudi Arabia’s for the first time in over 20 years. Further, U.S. crude production in June exceeded Russia’s crude oil output for the first time since February of 1999. EIA data signals the U.S. will maintain...
  • Erdogan Accuses U.S. Of Supplying Oil To Syrian Rebels

    09/10/2018 10:42:14 AM PDT · by bananaman22 · 7 replies
    Oilprice.com ^ | 09-10-2018 | Irina
    Turkey’s President Recep Erdogan has lashed out at the United States, accusing Washington of supplying crude oil to a rebel group calling itself the People’s Protection Units, or YPG, which Turkey classifies as related to the Kurdistan Workers’ Party PKK, which Ankara has designated a terrorist group. Turkish news outlet Ahval quoted Erdogan as telling local media that, “They are currently suppyling terrorist organizations, such as the YPG, in [Syria’s] Deir ez-Zor with oil. Terrorist organizations receive 300 million dollars income from crude oil.” The comments were made after a meeting Erdogan had with Syrian President Bashar Assad and Vladimir...
  • Interstate 68 Meetings Continue in Washington

    08/30/2018 10:18:15 AM PDT · by Tolerance Sucks Rocks · 15 replies
    The Wheeling News-Register ^ | July 17, 2018 | Joselyn King
    MOUNDSVILLE — Trump Administration officials are continuing to listen as West Virginia officials push for an expanded Interstate 68 from Morgantown through Marshall County. Marshall County Commissioner Robert Miller led a contingent to Washington, D.C., last week to meet with Brittany Carter, the White House assistant director of the Office of Intergovernmental Affairs. Miller said the group discussed the I-68 project’s prospects of being included within Trump’s expected $200 billion infrastructure improvement plan, which should be presented to Congress by the end of this year. The I-68 project is expected to cost at least $1 billion. “$200 billion isn’t a...
  • Iran awaiting European guarantees on oil sales, banking: Zarif

    08/25/2018 11:23:00 AM PDT · by Olog-hai · 6 replies
    Al-Reuters ^ | August 25, 2018 10:32 AM | Babak Dehghanpisheh
    Iran awaiting European guarantees on the sale of Iranian oil and banking relations, Foreign Minister Mohammad Javad Zarif said on Saturday, according to the Iranian Students’ News Agency (ISNA). […] “We are still waiting for Europe to take action on the sale of Iranian oil and the preservation of banking channels,” the Iranian foreign minister said. Zarif also defended the European Union’s decision on Thursday to provide €18 million ($21 million) in aid to Iran to offset the impact of U.S. sanctions, part of efforts to salvage the 2015 deal to limit Tehran’s nuclear ambitions. […] The top U.S. envoy...
  • Is Renewable Energy As Clean As We Think?

    08/24/2018 2:48:47 PM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 08-24-2018 | Viktor
    Fossil fuel energy has understandably become the clay pigeon of environmentalists in the past decades – with oil & gas companies having lied too often about the impact of their activities on climate change or environmental pollution for the public to ignore. Oil spills have destroyed many a habitat both onshore and offshore, with an immeasurable number of animals and humans having suffered. But it is important to acknowledge that oil and gas companies are not the only guilty parties, with all types of energy production leading to environmental harm in one way or another. The ‘clean’ energy narrative that...
  • Alaska’s Oil Renaissance

    08/23/2018 12:25:41 PM PDT · by bananaman22 · 20 replies
    Oilprice.com ^ | 08-23-2018 | Haley
    The impending oil renaissance in Alaska’s North Slope is going to be even more massive than previously projected. The oil lurking under the surface of the historically oil rich region is enough to turn the state’s economy around and reinstate it as a major player in the oil industry, according to new research from IHS Markit, a London-based global information and analytics provider. The study shows that the North Slope’s crude output could increase by as much as a whopping 40 percent in the next eight years, more than regaining its place as one of the major powerhouses of the...
  • Texas Exports More Oil Than It Imports For First Time Ever

    08/23/2018 8:26:48 AM PDT · by Hojczyk · 13 replies
    OILPRICE ^ | August 21,2018 | Irina Slav
    The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Houston-Galveston port district exceeded imports by 15,000 bpd. Over the next month, the advantage of exports over imports welled further, to an impressive 470,000 bpd. Total U.S. oil exports in may hit a record of 2 million bpd, with Houston-Galveston’s share of the total at a record-breaking 70 percent, from an average of about 50 percent since the middle of 2017, the EIA said. The bulk of crude oil exports...
  • Trump’s Rollback of CAFE Mandates Is a Big Win for Car Buyers, Consumer Choice

    08/22/2018 10:25:29 PM PDT · by Tolerance Sucks Rocks · 48 replies
    The Daily Signal ^ | August 16, 2018 | Nicolas Loris
    The Trump administration recently proposed the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule. The proposed rule offers modifications to Obama-era Corporate Average Fuel Economy (CAFE) standards with a “preferred alternative” for model years 2021 through 2026. Without a doubt, the Trump administration’s proposed revision is a welcome victory for consumers’ wallets and for consumer choice. The Obama administration implemented fuel-efficiency mandates that would force auto manufacturers to have a fleetwide fuel-economy average of 54.5 miles per gallon by 2025. The new rule’s “preferred” change would maintain the existing fuel-economy mandate through 2020 (increasing to 37 mpg) and keep the level at...
  • NM revenue levels soar; $1.2 billion in ‘new’ money projected (from O&G and fracking)

    08/22/2018 4:49:36 PM PDT · by CedarDave · 4 replies
    The Albuquerque Journal ^ | August 22, 2018 | Dan Boyd
    After several cash-lean budget years that prompted spending cuts and other austerity measures, a big revenue boom has hit New Mexico. State lawmakers will have an estimated $1.2 billion in “new” money available in the coming budget year due to unprecedented oil production levels and overall economic growth, according to new revenue figures released today by legislative and executive economists. “This spike is unprecedented,” Legislative Finance Committee chief economist Jon Clark told members of a key legislative panel during a meeting in Taos. “We’re relying on the oil industry more than we ever have before.” The eye-opening revenue figure —...
  • The Next Big Bet In Fracking: Water

    08/22/2018 1:22:42 PM PDT · by zeestephen · 37 replies
    Wall Street Journal ^ | 22 August 2018 | Christopher M. Matthews
    Fledgling companies, many backed by private equity, are rushing to help shale drillers deal with one of their trickiest problems: what to do with the vast volumes of wastewater that are a byproduct of fracking wells...Moving water by pipe costs anywhere from 60 cents to $1.50 a barrel compared with more than $2 by truck...
  • Saudis Officially Call Off Aramco IPO

    08/22/2018 10:52:38 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 08-22-2018 | Juli
    The long-wait is over. Today, reports surfaced that Saudi Arabia has long-ago called off its highly anticipated, $100-billion-dollar IPO, Reuters sources confirmed, with even plans to list the state-run oil company on its domestic bourse, Tadawul, being scrapped. Its merry band of advisors have also been dissolved. The listing, which was to be the largest IPO in history, was delayed numerous times, its peril-fraught journey likely doomed from the start, encountering barriers anywhere from finding a suitable listing venue to quantifying its sizable oil reserves, from suspect transparency to in-fighting between the Saudi government and Aramco.
  • Trump changes US policy: 'Conserving oil no longer an economic imperative'

    08/20/2018 10:06:43 AM PDT · by rktman · 59 replies
    americanthinker.com ^ | 8/20/2018 | Thomas Lifson
    In terms of its effect on the lives of Americans, as well as the economy, the change of U.S. policy announced by the Trump administration last month to almost no media attention is a big deal. Ellen Knickmeyer of the Associated Press picked up on it belatedly: Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs.
  • Court convicts Ukraine's former prime minister

    10/11/2011 4:54:34 AM PDT · by AnAmericanAbroad · 4 replies
    CNN International ^ | October 11, 2011 | Staff
    A Ukraine court has found former Prime Minister Yulia Tymoshenko guilty of abuse of authority for signing gas contracts with Russia and sentenced her Tuesday to seven years in prison. Authorities deployed hundreds of police officers around the court to keep order, state media reported. Dozens of angry Tymoshenko supporters took to the streets of Kiev in August when she was taken into custody. "Dear friends, I just want to say that I disagree with this verdict and I am saying that the year 1937 is back again," Tymoshenko said in the courtroom on Tuesday, making a reference to Josef...
  • Would The U.S. Sanction China For Buying Iranian Oil?

    08/17/2018 3:00:56 PM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 08-17-2018 | Irina
    A U.S. State Department official has suggested that Washington could impose sanctions on China if it continues to buy Iranian oil after November 4 when sanctions specifically targeting Iranian oil sales abroad will kick in, the Wall Street Journal reports. The WSJ quotes newly appointed special representative and head of an Iran Action Group at the State Department as saying that, “The United States certainly hopes for full compliance by all nations in terms of not risking the threat of U.S. secondary sanctions if they continue with those transactions.” In addition, Brian Hook declined to rule out the possibility that...
  • Energy Conferees Shut Down Fuel Economy Mandates as Costly to Consumers

    08/16/2018 2:22:04 PM PDT · by Tolerance Sucks Rocks · 14 replies
    The Daily Signal ^ | August 15, 2018 | Kevin Mooney
    NEW ORLEANS—Sterling Burnett doesn’t always want to sit next to someone he doesn’t know on a train, plane, or bus. But he’s willing to fight for the freedom of those same strangers when it comes time for them to purchase a motor vehicle. “What I care about is … your freedom to choose the vehicle of your choice,” Burnett, an environmental policy expert for the Heartland Institute, said during a panel discussion at the free-market think tank’s America First Energy Conference that took a critical look at fuel-efficiency standards for cars and trucks. “I don’t think government should be in...
  • South Korean companies violating sanctions by allegedly importing North Korean coal

    08/16/2018 10:11:58 AM PDT · by CondoleezzaProtege
    The Globe and Mail ^ | Aug 2018 | Chloe Sang-Hun
    More than 33,000 tons of North Korean coal was illegally imported to South Korea last year in violation of United Nations and other sanctions, the South Korean government said Friday. A government customs agency, the Korea Customs Service, asked prosecutors to indict the heads of three South Korean companies that transport coal. It said the companies imported the North Korean coal, totaling $5.8 million in value, between April and October of last year, and it accused them of falsifying documents to indicate that the coal was of Russian origin. The owners of 14 ships involved in transporting the coal from...
  • Saudi Arabia And Iran Reignite The Oil Price War

    08/13/2018 2:46:17 PM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 08-13-2018 | Para
    The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to offset supply disruptions elsewhere, including the anticipated loss of Iranian oil supply after U.S. sanctions on Tehran return in early November. The Saudis are also cutting their prices to the prized Asian market to lure more customers as they increase supply. Iran, OPEC’s third-largest producer,...