HOME/ABOUT  Prayer  SCOTUS  ProLife  BangList  Aliens  StatesRights  ConventionOfStates  WOT  HomosexualAgenda  GlobalWarming  Corruption  Taxes  Congress  Fraud  MediaBias  GovtAbuse  Tyranny  Obama  ObamaCare  Elections  Polls  Debates  Trump  Cruz  Kasich  OPSEC  Benghazi  InfoSec  BigBrother  IRS  Scandals  TalkRadio  TeaParty  FreeperBookClub  HTMLSandbox  FReeperEd  FReepathon  CopyrightList  Copyright/DMCA Notice 

Please keep those donations coming in, folks. Our 2nd quarter FReepathon is off to a great start and we have a chance of getting 'er done early! Thank you all very much!!

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $34,172
38%  
Woo hoo!! And the first 38% is in!! Thank you all very much!! God bless.

Keyword: oil

Brevity: Headers | « Text »
  • $500 Billion In Lost Oil Revenues Forces Gulf Nations To Turn To Debt Markets

    04/28/2016 2:24:51 PM PDT · by bananaman22 · 9 replies
    The International Monetary Fund (IMF) has projected a whopping $500 billion loss in revenue for the Gulf nations in 2016, which is 30 percent more than the $390 billion lost in 2015. The massive shortfall has crippled the gulf economies, which are facing record budget deficits and seeking external funding to overcome it. Many experts believe that $100 per barrel oil prices are history, and we might not revisit those prices for more than a decade. It implies that the recent crisis will not end as quickly as the downturn in 2007-2009. The oil-dependent nations will have to figure out...
  • As Oil Rises, US Shale Companies Have Begun Increasing Oil Production

    04/28/2016 1:28:29 PM PDT · by Nachum · 11 replies
    Zero Hedge ^ | 4/28/16 | tyler durden
    Three days ago, Pioneer surprised oil market watchers when it not only said that it has already produced more oil than it had initially forecast, but that once crude returns to $50, all systems are go. This is what it said in its Q1 press release: producing 222 thousand barrels oil equivalent per day (MBOEPD), of which 55% was oil; production grew by 7 MBOEPD, or 3%, compared to the fourth quarter of 2015, and was significantly above Pioneer’s first quarter production guidance range of 211 MBOEPD to 216 MBOEPD; oil production grew 10 thousand barrels oil per day during...
  • Islamic State turns to selling fish and cars

    04/28/2016 1:04:03 PM PDT · by StCloudMoose · 18 replies
    reuters ^ | 4/28/16
    Islamic State earns millions of dollars a month running car dealerships and fish farms in Iraq, making up for lower oil income after its battlefield losses, Iraqi judicial authorities said on Thursday. Security experts once estimated the ultra-radical Islamist group's annual income at $2.9 billion, much of it coming from oil and gas installations in Iraq and Syria. The U.S.-led coalition has targeted Islamic State's financial infrastructure, using air strikes to reduce its ability to extract, refine and transport oil and so forcing fighters to reportedly take significant pay cuts. Yet the militants, who seized a third of Iraq's territory...
  • Oil Prices Jump To Six-Month High

    04/28/2016 11:55:35 AM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 28-04-2016 | Chemokuurtje
    Oil prices surged to their highest levels in six months on Wednesday as the Fed left interest rates unchanged. WTI jumped by 2.8 percent to $45.29 per barrel and Brent climbed by 3.17 percent to $47.19 per barrel. Those are the highest prices so far in 2016 and the oil markets continue to bet on rising momentum for crude. The Federal Reserve added strength to oil when it announced its decision to leave interest rates unchanged, a move that caused the dollar to weaken and oil prices to rise. The Fed also softened its language regarding its concerns over the...
  • Oil Crash Creates Glut Of Petroleum Engineers – More Layoffs Coming

    04/27/2016 7:35:00 PM PDT · by Lorianne · 14 replies
    Oil Price ^ | 24 April 2016 | Michael McDonald
    For many years one of the most lucrative jobs in the already lucrative field of engineering was as a petroleum engineer. While industrial, mechanical, and chemical engineering grads all commanded respectable salaries, usually ranging from $55,000 to $75,000, in recent years petroleum engineering salaries often top $100,000 or more. The days of that prosperity are ending or at least on hold for now though. Jobs for petroleum engineers are becoming increasingly scarce even for grads from traditionally good universities. Part of the problem is that as U.S. shale oil boomed, so did the number of petroleum engineering grads. There are...
  • First “Illegal” Shipment Of Oil Leaves Eastern Libya

    04/27/2016 11:52:15 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 27-04-2016 | Slav
    A cargo of 650,000 barrels of crude left the Libyan port of Hariga yesterday, in the eastern part of the conflict-torn country, sparking what promises to be another phase in the conflict as the Islamic-leaning government in Tripoli vows to block the maneuver. This premature attempt at crude oil exports could have huge implications for international efforts to unite the country under the new Government of National Accord (GNA), which was formed with UN support, because eastern Libya is controlled by a government based in Tobruk, which has not yet recognized the GNA of Fayez Serraj.
  • Drill will: America, not OPEC, decides the fate of global oil markets

    04/25/2016 2:55:17 PM PDT · by 2ndDivisionVet · 11 replies
    The Economist ^ | April 23, 2016
    “WE DON’T care about oil prices,” Muhammad bin Salman, Saudi Arabia’s deputy crown prince, recently told Bloomberg, a news agency: “$30 or $70, they are all the same to us.” Such comments by the man calling the shots in the world’s biggest oil power should be taken with a pinch of salt. Low oil prices cost the country billions, threaten its credit rating and are turning it from creditor to debtor: this week it set out to raise $10 billion from global banks. Yet the claim is not entirely hollow, either. Saudi Arabia is determined not to give any succour...
  • Chevron Plans to Invest Billions in Permian Basin

    04/26/2016 9:21:08 PM PDT · by Impala64ssa · 13 replies
    CBS7 ^ | 4/26/16 | Alexa Dunson
    PERMIAN BASIN In the midst of a downturn in the oil industry, Chevron is set to invest billions. According to a report by the Hobbs News-Sun, Chevron is planning on bringing massive, billion-dollar oil and gas projects to West Texas and eastern New Mexico. Chevron CEO John Watson announced the company will put more of its budget in the Permian Basin while cutting costs elsewhere. During an annual analyst meeting Watson predicted by 2020 Chevron could pump 350,000 barrels a day in West Texas which is almost triple their current 125,000 barrels a day.
  • Could Sabotage Cause A Surge In Oil Prices?

    04/26/2016 3:22:22 PM PDT · by bananaman22 · 12 replies
    Oilprice.com ^ | 26-04-2016 | Dwayne Purvis
    Hidden among the ballyhoo about a collaborative freeze in production growth, a less visible but far more effective dynamic has affected, and likely will affect, oil supply and price: military intervention. There have always been three routes out of the unsustainably low prices: natural decline/growth of supply/demand, collaboration constraints on supply, and military conflict. Since January, while the talk of a growth freeze had no effect whatsoever on actual supply, the natural decline/growth did reduce the overhang by a couple of hundred thousand barrels of oil per day. Meanwhile, two little-discussed and less-understood military interventions took a combined 900,000 bopd...
  • Are Oil Dividends Worth it?

    04/26/2016 2:32:38 PM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 26-04-2016 | Paperchaser
    Are you tempted by nice dividends such as BP’s 7.53 percent and Shell’s 7.31 percent? Long-term investors are. They’re lapping up the oil majors on dips to cash in on their impressive dividend yields in hopes that the massive rally in crude oil from the lows of $27.10 per barrel is an indication that crude has bottomed out and higher prices are around the corner. The large investors are pursuing the oil majors for their stability and safety, which has boosted their prices, but even after the rise, prices remain below their 2015 highs. The oil majors are expected to...
  • The Real Reason Saudi Arabia Killed Doha

    04/25/2016 11:46:55 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 25-04-2016 | Captain Hook
    Saudi Arabia single-handedly scuttled the Doha meeting, knowing all along that Iran would not participate, with a valid reason. The Russians and others agreed to proceed without Iran, planning to include them at a later date. So if everything was known beforehand, why did the Saudi’s pour cold water on the aspirations of the remaining members, risking its alienation from Russia and the OPEC community? Was it simply Saudi enmity toward Iran? Not exactly. Upon closer scrutiny, we can find the Saudi masterstroke behind Doha. It is well known that Saudi Arabia is heavily dependent on oil revenues, and that...
  • Jacki Daily Podcast: ISIS DESTROYS - ENERGY vs ELECTION and EARTH DAY

    04/24/2016 5:40:41 PM PDT · by RaceBannon
    The Jacki Daily Show ^ | 4/24/16 | The Jacki Daily Show
    Jacki is joined by Dr. David Grantham, senior research fellow at the National Center for Policy Analysis to discuss how oil and antiquities from terrorist networks has made its way to America and what we can do to stop it. Jacki also speaks with Brendan Williams to talk about the importance of energy issues in the upcoming Presidential election. Lastly Jacki is joined by Doug Domenech, director of the Fueling Freedom Project at the Texas Public Policy Foundation, to talk about the history of Earth Day.
  • Jacki Daily Podcast: ISIS OIL BEING SOLD IN USA!!

    04/24/2016 5:20:36 PM PDT · by RaceBannon · 12 replies
    The Jacki Daily Show ^ | 4/24/16 | The Jacki Daily Show
    Jacki Talks With Dr. Grantham About How ISIS Oil Has Made Its Way To the USA
  • Here’s why Doha failed to deliver an oil deal

    04/18/2016 5:12:45 PM PDT · by Ernest_at_the_Beach · 10 replies
    marketwatch.com ^ | Apr 18, 2016 2:40 a.m. ET | WilliamWatts
    No incentive for Saudis to let up Getty Saudi Arabia's minister of Oil and Mineral Resources Ali al-Naimi (C) arrives for the OPEC meeting, in the Qatari capital Doha, By WilliamWatts Deputy markets editor Why would the Saudis give up now?That’s the question crude oil bulls should have been asking themselves ahead of the Sunday meeting of major oil producers that failed to produce an agreement to put a lid on production. Prospects for a deal fell apart after Iran refused to sign up, prompting Saudi Arabia, the world’s swing producer, to effectively walk away. Those that believed Riyadh had...
  • Will we ever stop using fossil fuels?

    04/18/2016 4:39:30 PM PDT · by 2ndDivisionVet · 63 replies
    MIT News ^ | February 24, 2016 | Peter Dizikes
    In recent years, proponents of clean energy have taken heart in the falling prices of solar and wind power, hoping they will drive an energy revolution. But a new study co-authored by an MIT professor suggests otherwise: Technology-driven cost reductions in fossil fuels will lead us to continue using all the oil, gas, and coal we can, unless governments pass new taxes on carbon emissions. “If we don’t adopt new policies, we’re not going to be leaving fossil fuels in the ground,” says Christopher Knittel, an energy economist at the MIT Sloan School of Management. “We need both a policy...
  • ISIS Tries To Sow Chaos In Libya To Scare Oil Workers Away

    04/18/2016 4:11:35 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 18-04-2016 | Moammar
    As Libya wrangles over who is going to control its oil, the Islamic State is closing in, using sporadic attacks designed to rattle nerves and force oil-field evacuations or worker strikes out of fear. In recent months, ISIS has deployed a large number of fighters at several oil fields, and has been planning attacks on foreign workers as well as oil wells. In February 2015, one of the ISIS-inspired attacks on the Mabruk field killed nearly 12 people including four foreign nationals. In early January, ISIS launched an attack on the Es-Sidra and Ras Lanuf oil export terminals in the...
  • Half Of Kuwaiti Oil Production Offline After Massive Strike

    04/18/2016 9:22:28 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 18-04-2016 | Ali
    While everyone is talking about the failure of the Doha negotiations, Kuwait has more than made up for OPEC’s failure all on its own. Kuwait’s oil workers walked off the job this weekend, flexing their muscles over a pay dispute. The state-owned Kuwait Oil Company took to Twitter to report the damage done by the workers strike, announcing that oil production fell to 1.1 million barrels per day on Sunday, a catastrophic development considering it normally produces nearly 3 mb/d. Also, Kuwait Petroleum Corp., the state-owned refining company, said that its production of refined products dropped from 930,000 to 520,000...
  • Saudi Arabia turns oil weapon on Iran: Kemp

    04/18/2016 7:27:28 AM PDT · by TigerLikesRooster · 13 replies
    Daily Mail ^ | April 18, 2016 | John Kemp
    Saudi Arabia turns oil weapon on Iran: Kemp By Reuters Published: 13:22 GMT, 18 April 2016 | Updated: 13:22 GMT, 18 April 2016 By John Kemp LONDON, April 18 (Reuters) - Saudi Arabia's decision to scupper negotiations on a coordinated oil output freeze in Doha on Sunday seems to confirm a significant shift in the kingdom's oil policy. For decades, the kingdom has insisted it does not wield oil as a diplomatic weapon, but at the weekend it did just that as part of an intensifying conflict with Iran. ("Saudi-Iran tensions scupper deal to freeze oil output", Reuters, April 17)...
  • THE JACKI DAILY Show! Listen live at 2PM Eastern!

    04/17/2016 6:30:40 AM PDT · by RaceBannon
    The Jacki Daily Show ^ | 4/17/16 | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as a corporate litigator, and as an Assistant Vice...
  • U.S. Oil Industry Fears That New Regulation Could Cost $25B

    04/14/2016 1:43:40 PM PDT · by bananaman22 · 6 replies
    Oilprice.com ^ | 14-04-2016 | Charly
    The Obama administration unveiled new regulations on offshore drilling on Thursday, rules that were several years in the making. The regulations stem from the 2010 Deepwater Horizon disaster in the Gulf of Mexico, a well blowout that resulted in the death of 11 workers and one of the worst environmental disasters in U.S. history. The regulations call for new well-control measures, limits the volume of fluids that can be injected into wells, and requires heightened well monitoring. ExxonMobil and other companies say the rules will impose costs as high as $25 billion over the next decade, pushing many offshore projects...
  • Bowie deal falls apart in implosion ( War on Coal : Colorado )

    04/14/2016 7:31:52 AM PDT · by george76 · 8 replies
    Grand Junction Media ^ | April 13, 2016 | Dennis Webb
    Bowie Resources Partners’ purchase of Peabody Energy Corp.‘s Twentymile Mine in Routt County has fallen through, and Peabody has filed for Chapter 11 bankruptcy reorganization. Peabody, the world’s largest privately owned producer of coal, joins other major coal companies including Arch Coal, owner of the West Elk Mine in the North Fork Valley, in going bankrupt. Arch Coal also is in Chapter 11 reorganization. Bowie, owner of the Bowie No. 2 Mine near Paonia, had agreed to buy Twentymile and two mine properties in New Mexico for $358 million. But Peabody previously had said Bowie was still trying to find...
  • Bernie Sanders wants to kill fracking boom

    04/13/2016 9:39:21 PM PDT · by 2ndDivisionVet · 63 replies
    CNN Money ^ | April 13, 2016 | Matt Egan
    If Bernie Sanders becomes president, America's fracking boom will be in danger. This week the Democratic presidential candidate called for a national ban on fracking, the controversial drilling technology that has not only led to a massive boom in oil and natural gas, created thousands of new jobs but also been linked to water contamination and even earthquakes. "If we are serious about combating climate change, we need to put an end to fracking, not only in New York and Vermont, but all over this country," Sanders said during a speech in Binghamton, New York this week. The anti-fracking crusade...
  • Crude Congestion

    04/13/2016 7:47:58 AM PDT · by mac_truck · 16 replies
    Reuters ^ | 4/13/2016 | Graphics Dept
    Huge traffic jams of tankers have formed around the world with some 200 million barrels of oil either waiting to be loaded or delivered as ports struggle to cope with record volumes in perhaps the most visible sign of the global oil glut. Almost all of the over 660 Very Large Crude Carriers (VLCCs), the largest tankers in use to transport seaborne oil, are used to ship crude between the Middle East and Asia’s consumption hubs around India and the Far East. The map above shows all of these super tankers in operation on April 11. The icon on the...
  • Why Low Oil Prices Haven’t Helped The Economy

    04/12/2016 8:01:35 AM PDT · by bananaman22 · 36 replies
    Oilprice.com ^ | 12-04-2016 | Jim
    Many analysts had anticipated that a dramatic drop in oil prices such as we’ve seen since the summer of 2014 could provide a big stimulus to the economy of a net oil importer like the United States. That doesn’t seem to be what we’ve observed in the data. There is no question that lower oil prices have been a big windfall for consumers. Americans today are spending $180 B less each year on energy goods and services than we were in July of 2014, which corresponds to about 1 percent of GDP. A year and a half ago, energy expenses...
  • How The Oil Crisis Has Impacted Military Spending

    04/11/2016 2:33:46 PM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 11-04-2016 | Irina
    A report by the Stockholm International Peace Research Institute has revealed that most of the world’s nations hiked their military budgets last year, marking the first increase in spending since the 2008 crisis. It seems that the only ones not taking part in this military spending hike are some of the world’s biggest oil producers. While the United States is still the country with the largest military budget at $596 billion spent in 2015, this figure was actually a decline on the previous year. Saudi Arabia, according to Bloomberg, would also have cut its military budget if not for the...
  • BP Shareholders Revolt Over CEO’s Salary

    04/11/2016 11:16:34 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 11-04-2016 | Mootje uit Kraaienest
    BP is facing a revolt from its shareholders over the salary of its CEO Bob Dudley. Dudley’s salary jumped 20 percent in 2015 to $19.6 million, the same year in which BP reported a record loss of $6.4 billion and laid off more than 5,000 workers. His rising salary has been met with opposition from shareholders because it is not only unseemly, but also because the raise is not connected to the company’s negative performance. "We consider the pay of the CEO to be simply too high, and particularly so in a year when the company suffered a record loss...
  • THE JACKI DAILY Show! Listen live at 2PM Eastern!

    04/10/2016 4:25:14 AM PDT · by RaceBannon · 9 replies
    The Jacki Daily Show ^ | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...
  • Huge Fire Erupts at ExxonMobil Refinery Near Houston

    04/08/2016 3:42:52 PM PDT · by bananaman22 · 57 replies
    Oilprice.com ^ | Oh Lord It's A Fire
    An enormous fire erupted an ExxonMobil refinery in Texas on Thursday. The Baytown refinery caught fire, leading to huge black plumes of smoke into the air, visible from downtown Houston. Almost as soon as the fire in the ExxonMobil refinery was extinguished, we got reports of a fire in a refinery belonging to LyondellBasell Industries. CNBC reported that the fire occured in the coker unit of the refinery that can process over 263.000 barrels per day.
  • Vietnam Tells China to Remove Oil Rig From Disputed Waters

    04/07/2016 10:49:48 AM PDT · by nickcarraway · 11 replies
    Wall Street Journal ^ | April 7, 2016 | VU TRONG KHANH
    Previous placement of rig HYSY 981 sparked riots in VietnamVietnam’s government on Thursday said it had told China to pull an oil rig from waters between the two countries that haven’t been demarcated and urged Beijing not to drill for oil or gas in the area. China National Offshore Oil Corp. towed the same rig, known as HYSY 981, into a disputed area of the South China Sea in May 2014, triggering an uproar in Vietnam. Anti-Chinese riots broke out in several parts of the country while Chinese and Vietnamese coast-guard and fishing vessels stood off against each other at...
  • ExxonMobil’s Secret Weapon Against Low Oil Prices

    04/06/2016 3:24:33 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 06-04-2016 | exxon
    Everyone is familiar with oil giant Exxon Mobil, so it should be no surprise that investors have kept XOM shares under pressure as oil prices hover near lows that would have been unthinkable a few years ago. What many investors do not realize though is that Exxon is more than just an oil company – the firm also owns the fourth largest chemical company in the world, Exxon Mobil Chemical.
  • Rusty Braziel talks oil predictions of prices and energy issues: The Jacki Daily Show!

    04/05/2016 9:14:33 AM PDT · by RaceBannon · 2 replies
    The Jacki Daily Show ^ | 04/5/16 | The Jacki Daily Show
    On this week's Jacki Daily Show, Jacki is joined by Rusty Braziel, author of the Domino Effect and President & Principal Energy Markets Consultant for RBN Energy. You can read Rusty Braziel's blog post here: rbnenergy.com/daily-energy-postClick here to listen to the entire podcast!
  • Jacki Daily Show live at 2PM

    04/03/2016 10:03:24 AM PDT · by RaceBannon
    The Jacki Daily Show ^ | 4/3/16 | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...
  • Clinton, under fire for oil and gas donations, once hit Obama for same reason

    04/02/2016 6:44:18 AM PDT · by McGruff · 3 replies
    CNN ^ | April 1, 2016 | Dan Merica
    Hillary Clinton, currently defending herself from environmental critics for accepting money from employees at oil and gas companies, hit then-Sen. Barack Obama for doing the same thing in 2008. Clinton lost her temper at an event on Thursday when activists from Greenpeace and 350 Action, two environmental organization, asked her to "reject fossil fuel money" and not accept donations from the gas and oil industry. "I'm so sick of the Sanders' campaign lying about me. I'm sick of it," Clinton said. In response to the confrontation, Nick Merrill, Clinton's spokesman, said the candidate "has not taken a dollar from oil...
  • Will Electric Vehicles Cause A Future Oil Crash?

    03/31/2016 4:37:10 PM PDT · by bananaman22 · 40 replies
    Oilprice.com ^ | 31-03-2016 | Tiroler
    The major oil companies greatly underestimate the impact electric vehicles will have on their market, write independent energy advisors Salman Ghouri and Andreas de Vries. According to Ghouri and De Vries, the trends currently underway in the auto industry are likely to have a substantial impact on oil demand in the medium term, and even a devastating impact in the longer term. If there is one event in history that has shaped the crude oil industry, it is the popularization of the internal combustion engine (ICE) by the auto industry. At the beginning of the 20th century, coal and wood...
  • Is A Gas War Between The U.S. And Canada About To Start?

    03/30/2016 11:47:49 AM PDT · by bananaman22 · 8 replies
    Oilprice.com ^ | 30-03-2016 | warren
    The United States and Canada work well together. The countries share the world’s largest and most comprehensive trade relationship, exchanging more than $2 billion per day in goods and services; the U.S. is Canada’s largest foreign investor and Canada is the third-largest foreign investor in the U.S. The partnership clearly isn’t broken, but it may need some mending as bilateral and international gas trade stands to complicate matters in short order. As with most current global natural gas issues, we must first look back to the shale gas revolution. In 2005 – just as hydraulic fracturing was finding its feet...
  • Some oil firms borrowed billions. Now they're getting burned. (very sobering)

    03/27/2016 2:59:59 PM PDT · by doldrumsforgop · 34 replies
    tyler telegraph ^ | 3/27/16 | c harlan
    He'd borrowed from banks and investors and retirement funds, all in a frenzied mission to drill for oil and gas, and by the time Terry Swift realized he'd gone too far, this was his debt: $1.349 billion. His company, founded by his father almost 40 years earlier, had plunged into bankruptcy and laid off 25 percent of its staff. Its shares had been pulled from the New York Stock Exchange. And now Swift was in a company Chevrolet Tahoe, driving back to the flat and dusty place where his bets had gone bust. Swift was coming to this energy-rich strip...
  • THE JACKI DAILY Show! Listen live at 2PM Eastern!

    03/27/2016 5:28:51 AM PDT · by RaceBannon
    The Jacki Daily Show ^ | 3/27/16 | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...
  • Rockefeller Family Fund hits Exxon, divests from fossil fuels

    03/23/2016 5:03:41 PM PDT · by Red in Blue PA · 44 replies
    HOUSTON/NEW YORK (Reuters) - The Rockefeller Family Fund said on Wednesday it will divest from fossil fuels as quickly as possible and "eliminate holdings" of Exxon Mobil Corp , saying the oil company associated with the family fortune has misled the public about climate change risks. Though only a sliver of the endowment's modest $130 million in assets is invested in fossil fuels, the move is notable because a century ago John D. Rockefeller Sr. made a fortune running Standard Oil, a precursor to Exxon Mobil. The charity said it will also divest from coal and Canadian oil sands. Given...
  • Vanity: Trump's Foreign Policy vision is both pro Christian and Israeli and anti-Islamist around gas

    03/23/2016 3:19:24 PM PDT · by Trumpinator · 13 replies
    03/23/2016 | Trumpinator
    I am seeing the big picture - Trump is saying we don't need these Muslim Saudi and Iranian savages anymore. Get the Eastern Christians (which includes Russians) and the Israelis working their gas resources and leave the filthy head chopping Muslims behind and keep them out. This George Papadopoulos was also a Ben Carson advisor. Thank you, Jesus. I am commenting on the info I read in the Washington Post article here: https://www.washingtonpost.com/news/checkpoint/wp/2016/03/21/meet-the-men-shaping-donald-trumps-foreign-policy-views/George Papadopoulos Papadopoulos, a 2009 graduate of DePaul University, directs an international energy center at the London Center of International Law Practice.He previously advised the presidential campaign of...
  • Stop fracking? Shatter the economy

    03/22/2016 10:55:55 AM PDT · by JimSEA · 5 replies
    The Hill ^ | 3/21/16 | Paul Sullivan
    Fracking accounts for close to 50 percent of all natural gas and oil production. Our production of natural gas from shale fields and tight gas has increased by 40 billion cubic feet per day since 2002. Our production of shale and tight oil from fracking has increased by 4 million barrels a day since 2002. Fracking is one of the main reasons why oil and natural gas prices are so low. That also makes it one of the main reasons why gasoline and diesel prices are so low, and electricity prices have dropped in many areas. Crude oil is the...
  • PODCAST: JACKI DAILY SHOW 3/20/16, listen in!

    03/21/2016 2:42:03 PM PDT · by RaceBannon · 2 replies
    The Jacki Daily Show ^ | 3/20/16 | The Jacki Daily Show
    Listen to The Jacki Daily Show! @JackiDailyShow Be educated, not just entertained! Jacki continues her conversation with Mark Miller chairman of the Independent Petroleum Association of America. @IPAAaccess She also speaks with Brigham McCown @BAMcCown of Nouveau Inc on LNG exports. Jacki is also joined with Chuck Devore of the Texas Public Policy Foundation @TPPF to discuss the President's Clean Power Plan. Only on The Jacki Daily Show! Click on the link below to the complete podcast! Make sure you click to like her page! https://soundcloud.com/jacki-daily/ipaa-chrmn-miller-bmccown-lng-exports-tppfs-devore-clean-power-plan Go to Jacki's FaceBook page and like her show! https://www.facebook.com/jackidaily/ http://player.listenlive.co/29591 Click HERE to...
  • What Happens When Oil Hits $50?

    03/21/2016 1:00:25 PM PDT · by bananaman22 · 11 replies
    Oilprice.com ^ | 21-03-2016 | hoeren
    The major beneficiary of the 54 percent jump in oil prices from the lows of $26 per barrel is the U.S. shale oil industry, which will utilize this rise to ramp up production and repair balance sheets. But any move above $45 per barrel will likely reverse all this good luck: The drop in production will halt and more will be added to the supply glut. It’s a bit of a double-edged sword.
  • Saudi Aramco aims to buy more US refineries: sources

    03/20/2016 7:37:10 AM PDT · by John W · 10 replies
    Reuters via dailytimes.com.pk ^ | March 20, 2016 | Reuters
    HOUSTON: Saudi Arabia's national oil company wants to buy more US refining and chemical plants to expand its footprint in the world's largest energy market once the break-up of its joint venture with Royal Dutch Shell Plc is complete, sources said. Ending an often rocky nearly 20-year relationship, Shell and Saudi Aramco announced on Wednesday plans to break up Motiva Enterprises LLC after almost two decades, dividing its assets and leaving Aramco with one plant, the nation's largest crude oil refinery, in Port Arthur, Texas. Officials from Saudi Refining, the downstream arm of Aramco, told employees following the announcement that...
  • THE JACKI DAILY Show! Listen live at 2PM Eastern!

    03/20/2016 3:43:51 AM PDT · by RaceBannon · 1 replies
    The Jacki Daily Show ^ | 3/20/16 | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...
  • Crude Mystery: Where Did 800000 Barrels of Oil Go?

    03/19/2016 3:40:13 PM PDT · by Lorianne · 20 replies
    Wall Street Journal ^ | 17 March 2016 | Georgi Kantchev
    There is mystery at the heart of the oversupplied global oil market: missing barrels of crude. Last year, there were 800,000 barrels of oil a day unaccounted for by the International Energy Agency, the energy monitor that puts together data on crude supply and demand. Where these barrels ended up, or if they even existed, is key to an oil market that remains under pressure from the glut in crude. Some analysts say the barrels may be in China. Others believe the barrels were created by flawed accounting and they don’t actually exist. If they don’t exist, then the oversupply...
  • Largest U.S. Refinery Now Belongs To Saudi Arabia

    03/17/2016 12:58:57 PM PDT · by bananaman22 · 29 replies
    Oilprice.com ^ | 17-03-2016 | Harvey
    Royal Dutch Shell and Saudi Aramco appear to be getting a divorce, breaking up their joint venture in U.S.-based refining assets. The two companies joined together to create Motiva Enterprises LLC in 1998, a 50-50 joint venture that operated three refineries on the U.S. Gulf Coast. But Shell and Saudi Aramco have seen their interests head in different directions. "It is now time for the partners to pursue their independent downstream goals," said Abdulrahman Al-Wuhaib, a senior vice president of Saudi Aramco’s downstream unit. Reuters reported that the relationship started to fray after Motiva announced a $10 billion expansion of...
  • Energy Poverty Around the World

    03/16/2016 8:23:53 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 03/16/16 | Dr. Ileana Johnson Paugh
    Obama Administration has illegally bypassed Congress, the Federal Energy Regulatory Commission, and the States and their Public Utility Commissions The global warming/climate change industry has been aggressively pushing renewable energy, wind, solar, and biofuels for a long time even though the economies of various industrialized countries need much more energy than what renewables generate. The green activists have been zealously lobbying Congress and the EPA to change the laws, rules, and regulations that would make it much more expensive and difficult for fossil fuel energy producers to survive while passing the higher costs onto consumers, impoverishing those customers on fixed...
  • Putin’s 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? Possibly—if 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 industry—which historically has funded ~50 percent of the government’s budget—it seems the Russian government could consign...
  • No Atlantic Drilling

    03/15/2016 9:41:03 AM PDT · by central_va · 20 replies
    wrva ^ | 3/15/16 | AP
    In a major reversal, the Obama administration says it will not allow oil drilling in the Atlantic Ocean.
  • Jacki Daily Show podcast week of 3/13/2016!!

    03/14/2016 3:48:00 PM PDT · by RaceBannon · 1 replies
    The Jacki Daily Show ^ | 3/13/2016 | The Jacki Daily Show
    Be educated, not just entertained! Listen to The Jacki Daily Show! @JackiDailyShow In part one, Jacki finishes her interview with Mark Mathis, the film maker for Fractured, The Movie @Frac_turedmovie Jacki speak with Bill Justice, President of Landman Trends, @LandmanTrends , to discuss the state of the oil patch. Jacki also speaks with Mark Miller, chairman of the Independent Petroleum Association of America. @IPAAaccess Only on The Jacki Daily Show! Watch Jacki's introductory video! Click on this link to the complete podcast on SoundCloud!Go to Jacki's FaceBook page and like her show! Click HERE to listen live on THE BLAZE...