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Keyword: opec

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  • EU lawmakers smooth way for class actions against cartels

    04/19/2014 1:17:25 AM PDT · by Olog-hai · 1 replies
    Reuters ^ | Thu Apr 17, 2014 5:18pm BST | Foo Yun Chee
    European lawmakers on Thursday eased the way for cartel victims to claim compensation from companies under new rules that also shield price-fixing whistleblowers from being the main target of million-euro lawsuits. The green light from the European Parliament came nine years after the European Commission broached the idea, seeing it as an additional tool, on top of fines, to deter companies from breaking antitrust laws. According to the Commission, only one in four cartels and antitrust infringements faced damages claims in the last seven years. Its 2010 estimate put the cost of unrecovered damages of infringements at over €20 billion...
  • Obama administration extends review period for Keystone XL oil pipeline

    04/18/2014 11:46:57 AM PDT · by jazusamo · 22 replies
    Fox News ^ | April 18, 2014
    The Obama administration has extended a key review period for the controversial Keystone XL pipeline, Fox News has learned, potentially pushing off a decision until after the midterm elections.
  • Report: Energy production on federal lands is still declining

    04/18/2014 12:04:49 PM PDT · by Hojczyk · 5 replies
    Hot Air ^ | April 17,2014 | ERIKA JOHNSEN
    Oil and gas production has stalled on federal lands for the third year in a row under the Obama administration, despite booming energy production on private and state lands, according to a new government report. The Congressional Research Service (CRS) says that the share of oil and gas production coming from federal lands have plummeted from 2009 to 2013. Oil production on federal lands fell by 11 percent over this time period and natural gas production fell by 28 percent. Federal onshore oil production fell for the third year in a row, while offshore oil production increased slightly — just...
  • ‘Ridiculous’: Administration punts on Keystone, Obama faces Dem revolt

    04/18/2014 12:29:05 PM PDT · by Red in Blue PA · 71 replies
    The Obama administration once again has punted on a final decision for the Keystone XL pipeline, announcing ahead of the holiday weekend that it is extending a key review period indefinitely -- a move that could push off a determination until after the midterm elections. Republicans, as well as red-state Democrats who want the pipeline approved, slammed the administration for the delay. "It's absolutely ridiculous that this well over five year long process is continuing for an undetermined amount of time," Sen. Heidi Heitkamp, D-N.H., said in a statement.
  • After Voting With Him 97% Of The Time, Heidi Heitkamp Helps Other Democrats Campaign Against Obama

    04/18/2014 6:59:18 PM PDT · by ObamahatesPACoal · 8 replies
    You really have to admire the chutzpah. In her 2012 campaign, Senator Heidi Heitkamp worked long and hard to brand herself not as a liberal Democrat, but as an “independent” who would “stand up” to President Barack Obama. Such rhetoric was necessary in a state where Obama lost by more than 20 points, and Heitkamp herself won by just a few thousand votes. It’s hard to imagine Heitkamp being in the US Senate now had she not campaigned so hard against Obama. But she did, and she won, and then spent her first year in the US Senate voting with...
  • Is This Oil Field the Next Bakken?

    04/17/2014 2:57:59 PM PDT · by ckilmer · 61 replies
    fool.com ^ | April 17, 2014 | Robert Baillieul
    Is This Oil Field the Next Bakken? By Robert Baillieul - April 17, 2014 Over the past few years a handful of energy companies have been silently buying massive tracts of land in a little known area of Louisiana. Early estimates suggest that this oil rich region could contain 7 billion barrels of recoverable oil… putting it on par with other prolific shale fields like the North Dakota Bakken and the Texas Eagle Ford. And their bets are starting to pay off. Many of the area’s big oil producers have reported spectacular numbers from their drilling operations. And this could...
  • Putin says oil wars with Russia will make West bleed

    04/17/2014 7:34:50 AM PDT · by kronos77 · 20 replies
    Opportunities for the West to hurt the Russian economy are limited, President Vladimir Putin said Thursday. Europe cannot stop buying Russian gas without inflicting pain on itself, and if the US tries to lower oil prices, the dollar will suffer. If the West tries to damage Russia’s influence in the world energy market, efforts will likely backfire, the Russian President said during his twelfth annual televised question and answer session. To really influence the world oil market a country would need to increase production and cut prices, which currently only Saudi Arabia could afford, Putin said. The president added he...
  • Blame the Fed for high food prices

    04/16/2014 3:25:28 PM PDT · by ilovesarah2012 · 13 replies
    atimes.com ^ | April 2, 2014 | Noureddine Krichene
    The Wall Street Journal and the Financial Times (FT) have recently reported frightening food-price inflation. Prices for staples like coffee, oats, milk, meat, vegetables and fruits have increased so far in 2014 by rates as high as 70%. The FT noted that a breakfast now costs at least 25% more than it did in 2013. As expected, media attributed the food-price inflation to droughts and to fast-growing demand in Southeast Asia. For fish, for which prices tripled in recent years, the drought factor does not apply, leaving us with high demand. This explanation fits best with what the US Federal...
  • Senate rejects GOP oil drilling plan (GOP measure, defeated Tuesday by a vote of 56-42)

    05/13/2008 8:57:15 AM PDT · by NormsRevenge · 308 replies · 1,301+ views
    AP on Yahoo ^ | 5/13/08 | H. Josef Hebert - ap
    WASHINGTON - The Senate has rejected a Republican energy plan that calls for opening an Alaska wildlife refuge and some offshore waters to oil development. Supporters of the measure couldn't get the needed 60 votes to overcome a Democratic-led filibuster threat. Republican leader Mitch McConnell of Kentucky said more domestic oil production is needed to keep prices in check and to reduce U.S. dependence on oil imports. Opponents said areas such as the Arctic National Wildlife Refuge and coastal waters that have been off limits to drilling for 25 years ought to remain that out of bounds to oil companies....
  • Dark side of ND's oil boom: Meth, heroin, cartels _ all part of growing drug trade

    04/14/2014 9:57:30 AM PDT · by TurboZamboni · 30 replies
    Star Tribune ^ | 4-14-14 | Administration Propaganda
    WILLISTON, N.D. — The blood-drenched man had survived a brutal attack: Beaten with brass knuckles, shocked with a stun gun, slashed with a razor blade, then dumped 40 miles away in Montana, he staggered to a farmhouse for help. His path eventually led authorities back to a quiet backyard in this oil boom town. What they uncovered was a large-scale methamphetamine ring that had found a home in a state long known for its small-town solitude, its slow pace and peaceful pastures. The members of this violent gang were all relative newcomers to Williston. They called themselves "The Family," the...
  • Oil and gas salaries average $130,000: Survey

    04/14/2014 9:41:30 AM PDT · by thackney · 9 replies
    Calgary Herald ^ | APRIL 9, 2014 | DAN HEALING
    Hays finds most employers expect to pay more, hire more in 2014 Canadian oil and gas worker salaries jumped six per cent to an average of $130,000 US in 2013 and the trend is expected to continue, according to a survey released Wednesday. Furthermore, despite ongoing worries about oil transportation bottlenecks, nearly three-quarters of employers who took part in the survey by global recruiting firm Hays Oil & Gas say they expect their companies will hire more people in 2014. “This past year, the industry has taken a pause,” said John Faraguna, global managing director of oil and gas for...
  • Methane: The Irrelevant Greenhouse Gas

    04/13/2014 1:34:42 PM PDT · by Brad from Tennessee · 8 replies
    Watts Up With That? ^ | April 11, 2014 | By Dr. Tom Sheahen
    Q: I read that methane is an even worse greenhouse gas than carbon dioxide, and cattle are a big source of methane emissions. How are they going to regulate that? Not just cattle, but dairy cows as well! That doubles the worry. Fortunately, there is really nothing to worry about, scientifically. The main thing to worry about is over-reacting politicians and another layer of unnecessary government regulations. To understand methane’s role in the atmosphere, first it’s necessary to understand what absorption means. When light passes through a gas (sunlight through air, for example), some molecules in the gas might absorb...
  • Al Jazeera America’s ratings struggle leads to layoffs

    04/12/2014 6:51:12 AM PDT · by COUNTrecount · 34 replies
    NY POST ^ | April 12,2014 | Claire Atkinson
    Cable channel Al Jazeera America, which launched less than a year ago, is slashing expenses and laying off staff as it struggles to gain a foothold in the US. The news outfit is letting go of scores of staffers after its Mideast backers spent millions getting the channel off the ground, according to sources close to the company. “They’re not making their numbers or the revenue they thought,” said a source. “They have a really convoluted background of people in from Qatar [headquarters]. They really don’t get the US market.” Al Jazeera America is averaging just 15,000 total viewers, roughly...
  • The Renewable Fuel Standard: Not as "Green" As You Think

    04/12/2014 12:42:36 PM PDT · by grundle · 19 replies
    The Hill ^ | April 4, 2014
    By incentivizing the production and mandating the consumption of first-generation biofuels — predominantly corn-based ethanol — lawmakers hoped to create a transportation fuel revolution. Instead, they've created a legislative monstrosity that has ravaged our land, polluted our air, diverted our water, driven up food prices at home and abroad, put engines at risk and cost U.S. taxpayers billions. In order to meet the excessive ethanol mandates in the RFS, more and more land has been converted to grow corn for fuel — not food. In the 16 years prior to RFS implementation, corn acreage in the U.S. rose by just...
  • Union threatens retribution for House Dems opposing Keystone

    04/11/2014 5:16:32 PM PDT · by SMGFan · 19 replies
    The Hill ^ | April 11, 2014 | Laura Barron-Lopez
    A top building trades union is launching a midterm-election assault on House Democrats who oppose construction of the Keystone XL oil pipeline. A letter distributed Friday by the Laborers' International Union of North America (LIUNA) to the districts of 27 House Democrats calls for union members to make sure their representative "feels the power and the fury of LIUNA this November." Their crime: signing a letter to Secretary of State John Kerry last month urging him to reject Keystone, which would carry oil sands from Canada to Gulf Coast refineries.
  • AFL-CIO motto: Kick me again! [Ann Coulter]

    02/25/2004 4:25:00 PM PST · by perfect stranger · 10 replies · 82+ views
    WND.com ^ | February 25,2004 | Ann Coulter
    Posted: February 25, 2004 7:25 p.m. Eastern © 2004 Universal Press Syndicate In the past decade, the AFL-CIO has lobbied Congress on three major issues of any importance to union members: Oppose the North American Free Trade Agreement; Oppose permanent normal trade relations with China; Support drilling for oil in Alaska's Arctic National Wildlife Refuge. The unions lost every vote. Demonstrating his savvy political skills, the head of the AFL-CIO, John Sweeney, repeatedly throws the federation's support to political candidates who opposed labor on all three issues. So if you ever find yourself negotiating with Sweeney, make sure your opening...
  • Kerry Will Filibuster a Government Program to Create Manufacturing Jobs in US

    03/10/2004 6:11:14 AM PST · by alex · 9 replies · 173+ views
    An influential Democratic senator Monday vowed to filibuster a proposal that would allow oil exploration in an Alaska wildlife refuge because the Bush administration's justification for the controversial move was "muddled at best and cynical at worst."
  • Plans for massive oil pipeline opposed by environmentalists

    08/18/2011 2:30:22 PM PDT · by NormsRevenge · 42 replies
    Mercury News ^ | 8/1/8/11 | Dana Hull
    A controversial proposal to build a massive underground pipeline to carry 700,000 barrels of crude oil per day from the oil sands of Alberta, Canada, to refineries in Texas has become the environmental issue of the summer, pitting developers and labor unions desperate for construction jobs against environmentalists and Native American tribes who fear the pipeline will spell environmental disaster. TransCanada Corp.'s proposed Keystone XL project would consist of more than 1,700 miles of 36-inch-diameter pipe, about 327 miles of which would be in Canada while the rest would snake southward through the central United States. Because the pipeline would...
  • CST: Unions derailing Dems' gravy train - Dems May Lose Big Labor Cash [or not]

    07/28/2005 5:59:59 AM PDT · by OESY · 7 replies · 779+ views
    Chicago Sun-Times ^ | July 28, 2005 | ROBERT NOVAK
    The bolt in Chicago from the AFL-CIO by the Teamsters and Service Employees International Union reflects a long-building reaction to John Sweeney's plans a decade ago when he muscled his way into the labor federation presidency. He wanted to restore union power through politics. His project was a total failure, and the AFL-CIO is in ruins 50 years after its creation. The scenario of the breakup was accurately laid out to me by Teamsters sources nearly a year ago. Sweeney would be offered a deal he could not accept. To keep the two big unions in the federation, Sweeney would...
  • Crude Reality (Tree-hugger admits ANWR drilling necessary - LONG article)

    02/18/2004 12:34:19 PM PST · by mhking · 9 replies · 294+ views
    Outside Magazine ^ | February 2004 | David Masiel
    Crude RealityAs the brutal battle over proposed drilling in Alaska's Arctic National Wildlife Refuge grinds on, a former oil worker returns to the North Slope in search of the truth about the pro-exploration argument. His conclusion? (Brace yourself.) The unthinkable is the right thing to do. By David Masiel AT TWO A.M. ON A FALL NIGHT IN 1985, I STOOD on the wide gravel beach at Barter Island, Alaska, facing the Arctic Ocean. Behind me, across Barter Lagoon, hung the dim lights of the Inupiat village of Kaktovik. Overhead, the aurora borealis was going off the scale, pulsing and waving...
  • Poll Finds Support for ANWR Development

    02/01/2005 9:31:33 AM PST · by thackney · 11 replies · 544+ views
    ANWR.ORG ^ | January 31, 2005 | Arctic Power
    Poll Finds Support for ANWR Development Survey finds majority of Americans believe energy exploration, development and production in ANWR can reduce dependence on foreign oil. Washington DC – Opening the Arctic National Wildlife Refuge (ANWR) for the purpose of exploration, development and production of oil and natural gas was supported by 53% of the American electorate in a survey conducted by The Luntz Research Companies. The level of support jumps to a remarkable 67% of Americans, after hearing the pros and cons of ANWR development. Most Americans believe new domestic energy sources must be found in order to meet growing...
  • GOP, Teamsters Plug Away for ANWR

    03/15/2002 5:21:22 AM PST · by Tumbleweed_Connection · 14 replies · 506+ views
    CNSNews ^ | 3/15/02 | Jason Pierce
    Having settled one blockbuster item in the energy bill - fuel efficiency standards -- members of the U.S. Senate now turn to the question of whether to allow oil drilling in the Arctic National Wildlife Refuge (ANWR). Sen. Frank Murkowski (R-Alaska), the ranking Republican on the Energy and Natural Resources Committee, said Thursday the importance of ANWR drilling is not just about reducing American dependence on foreign oil. It is about the safety of Americans, he said. Murkowski pointed out that Iraq is "a country we are basically at war with," yet Saddam Hussein's regime continues to export billions of...
  • Statement by Jerry Hood, Former Special Assistant on Energy, International Brotherhood of Teamsters

    10/07/2004 1:11:07 PM PDT · by RWR8189 · 20 replies · 862+ views
    George W. Bush ^ | October 7, 2004
    WASHINGTON, DC – Jerry Hood, former Special Assistant on Energy, International Brotherhood of Teamsters, today issued the following statement: “John Kerry and John Edwards have forgotten their records of supporting job-killing extreme environmental regulations, but the union workers whose jobs he put on the line won’t be as forgiving. Kerry’s 2002 proposal to raise CAFE standards would have destroyed as many as 100,000 jobs and was opposed by both the UAW and the AFL-CIO for facilitating outsourcing. Their Senatorial and Presidential policies are endangering the welfare of the American Worker, and the impact of those policies would be felt nowhere...
  • ANWR Development Gains Momentum; LA Times Poll Shows Americans Favor ANWR Development

    02/07/2002 8:12:55 AM PST · by Trailer Trash · 7 replies · 1+ views
    http://biz.yahoo.com/prnews ^ | Wednesday February 6, 4:50 pm Eastern Time
    ANWR Development Gains Momentum; Poll Shows Americans Favor ANWR Development WASHINGTON, Feb. 6 /PRNewswire/ -- Arctic Power announced today that a recent poll shows 48% of Americans favor opening part of the Arctic National Wildlife Refuge (ANWR) to energy exploration. Arctic Power, the Alaskan-based non-profit organization that supports legislation to open the coastal plain of ANWR to oil and gas development, says that the findings clearly indicate the necessity for immediate passage of a National Energy Plan. Although environmental issues have traditionally garnered support along party lines, the issue of ANWR development is more widely supported among Americans. ``This poll ...
  • ANWR drilling no solution to gasoline costs, Kerry says

    03/31/2004 2:47:50 PM PST · by cardinal4 · 81 replies · 355+ views
    Anchorage Daily News ^ | 31 Mar 04 | By LIZ RUSKIN
    <p>WASHINGTON -- While blaming President Bush for the high price of gasoline, his Democratic challenger, Sen. John Kerry, on Tuesday reiterated his opposition to drilling in the Arctic National Wildlife Refuge, saying it is no solution.</p> <p>"We deserve an administration that doesn't fake it to the American people and pretend that somehow by drilling in the Alaska wildlife refuge we can deal with the problems of America," Kerry, D-Mass., told university students in San Diego. "We can't provide the supply of oil America needs from the Alaska wildlife refuge or from any other source in the United States, because we only have 3 percent of the world's oil reserves."</p>
  • Kerry Hailed as Ally of Wider World on Environment

    02/20/2004 9:10:00 AM PST · by presidio9 · 42 replies · 96+ views
    Reuters ^ | Wed Feb 18
    Environmentalists fete John Kerry as a possible savior in a stalled battle against global warming if the Democratic front-runner topples President Bush in the November election. "Kerry has probably been the greatest champion of climate change issues with (Joe) Lieberman in the U.S. Senate," said Jennifer Morgan, director of the WWF environmental group's climate change program. European governments, among the strongest backers of the U.N.'s stalled 1997 Kyoto protocol meant to limit global warming, would welcome a shift toward Kerry's environmental policies after years of transatlantic feuds with Bush. "Clearly we would like the new administration, whether Republican or Democrat,...
  • Teamsters Hail Bipartisan Senate Vote Supporting ANWR Oil and Gas Development

    03/17/2005 7:46:55 AM PST · by Pikamax · 16 replies · 576+ views
    Teamsters Hail Bipartisan Senate Vote Supporting ANWR Oil and Gas Development Wednesday March 16, 2:31 pm ET WASHINGTON, March 16 /PRNewswire/ -- The following is an official statement of Teamsters General President Jim Hoffa: For the past four years the Teamsters Union has been a part of a growing grassroots and lobbying effort to open the Arctic National Wildlife Refuge (ANWR) to oil and gas development. Working with a coalition of labor unions, native Alaskan groups and energy independence advocates, we have succeeded in winning multiple votes in the House of Representatives in favor of opening ANWR. ADVERTISEMENT Over the...
  • Hoffa's Comments on Kerry Leave Some Perplexed (We're going to drill like never before-Kerry)

    02/25/2004 3:20:22 PM PST · by kattracks · 19 replies · 147+ views
    CNSNEWS.com ^ | 2/25/04 | Robert B. Bluey
    (CNSNews.com) - Teamsters union chief Jimmy Hoffa has confused both environmentalists and free-market advocates after saying that Democratic front-runner John Kerry, if elected president, would "drill like never before" across the United States. Hoffa made the comments during a Feb. 17 segment on Hardball with Chris Matthews. Matthews had asked Hoffa why the union chose to endorse the Massachusetts senator even though Kerry opposed drilling for oil in the Arctic National Wildlife Refuge (ANWR). "Well, we talked about that," Hoffa responded. "He says, look, I am against ANWR, but I am going to put that pipeline in and we're...
  • HOFFA on Hardball: KERRY Now Supporting drilling in ANWR and everywhere in the US

    02/17/2004 5:36:46 PM PST · by TheEaglehasLanded · 72 replies · 309+ views
    vanity | February 17, 2004 | the eagle has landed
    Everyone on the panel was laughing their ass off, Chris asks what is he going to put in the pipeline; Water. Hoffa said no he said he will drill for oil, Kerry will put me on his trade panel and will drill for oil everywhere in the U.S. If anyone can get video on this it would be helpful
  • IRS Puts Damper On Newer Types Of Energy Partnerships

    04/09/2014 10:31:03 AM PDT · by thackney · 4 replies
    Reuters via Rig Zone ^ | April 09, 2014 | Patrick Temple West; Editing by Terry Wade, Meredith Mazzilli and Ken Wills
    The Internal Revenue Service has temporarily stopped issuing private letter rulings (PLRs) that energy companies sometimes request when setting up master limited partnerships for their tax benefits. Lawyers specializing in the oil and gas sector have said the IRS wants to review the scope of assets that can qualify as tax-free for master limited partnerships (MLPs), which have lured hundreds of billions of dollars from investors seeking high yields. "There has been a pause," IRS Commissioner John Koskinen told reporters on Tuesday at a congressional hearing. He did not say how long the delay would last. "(The pause) is to...
  • General Electric funneling billions into new energy infrastructure

    04/09/2014 8:28:32 AM PDT · by thackney · 9 replies
    Fuel Fix ^ | April 9, 2014 | Collin Eaton
    A natural gas pipeline stretching 435 miles across Mexico’s Yucatan Peninsula is just one piece of General Electric’s multibillion-dollar bid to shore up energy infrastructure in North America, where an oil and gas boom has drawn a wave of investments to new pipelines. GE’s energy investing arm has more than $3 billion tied up in 43,500 miles of pipeline, the largest U.S. liquefied natural gas export facility and other energy transportation and storage ventures. But it has started to shift its attention to early-stage ventures as U.S. and Canadian pipeline operators collect billions for new projects that link remote shale...
  • Oil companies pay $630M in Pennsylvania drilling fees

    04/09/2014 5:35:05 AM PDT · by thackney · 11 replies
    Fuel Fix ^ | April 8, 2014 | Collin Eaton
    Anadarko Petroleum, Chesapeake Energy and others will pay the state of Pennsylvania about $225 million in fees this year for drilling in the gas-rich Marcellus Shale — too little, according to critics of the state law setting the fee say. The fees, enacted in 2012, flow to local governments to fund basic needs like bridges, roads, firefighting equipment and environmental programs. By the end of the year, the recurring charges on nearly 6,500 natural gas wells will have brought more than $630 million to state coffers. “We are building a stronger Pennsylvania by harnessing our abundant resources to create jobs...
  • Estonia becomes self-sufficient on shale gas boom

    09/02/2013 9:28:47 PM PDT · by 2ndDivisionVet · 10 replies
    The London Telegraph ^ | August 25, 2013 | Ambrose Evans-Pritchard
    The Baltic tiger of Estonia is the world’s first country to meet all its power needs from shale, with enough left over for neighbours and fuel exports for the shipping industry. “We are the most energy independent country in the European Union, and we will not compromise our energy security. We have a large neighbour,” said Juhan Parts, the economy minister. It is the same story wherever you go across Eastern Europe: the fuel debate comes down to Vladimir Putin’s Russia, and Gazprom’s stranglehold on gas supplies. Global warming inevitably plays second fiddle. “Estonia is not rich enough to experiment...
  • US Navy 'Game-Changer': Converting Seawater into Fuel

    04/07/2014 6:48:56 PM PDT · by Leaning Right · 32 replies
    Industry Week ^ | Apr 7, 2014 | Agence France-Presse
    The U.S. Navy believes it has finally worked out the solution to a problem that has intrigued scientists for decades: how to take seawater and use it as fuel.
  • US Navy 'game-changer': converting seawater into fuel

    04/07/2014 9:18:38 AM PDT · by DeaconBenjamin · 50 replies
    economic times ^ | 7 Apr, 2014, 08.00PM IST
    WASHINGTON: The US Navy believes it has finally worked out the solution to a problem that has intrigued scientists for decades: how to take seawater and use it as fuel. The development of a liquid hydrocarbon fuel is being hailed as "a game-changer" because it would signficantly shorten the supply chain, a weak link that makes any force easier to attack. The US has a fleet of 15 military oil tankers, and only aircraft carriers and some submarines are equipped with nuclear propulsion. All other vessels must frequently abandon their mission for a few hours to navigate in parallel with...
  • US Navy 'game-changer': converting seawater into fuel

    04/07/2014 9:13:03 AM PDT · by TangledUpInBlue · 24 replies
    AFP/Yahoo ^ | 4/7/14 | Mathieu Rabechault
    The US Navy believes it has finally worked out the solution to a problem that has intrigued scientists for decades: how to take seawater and use it as fuel. The development of a liquid hydrocarbon fuel is being hailed as "a game-changer" because it would signficantly shorten the supply chain, a weak link that makes any force easier to attack. The US has a fleet of 15 military oil tankers, and only aircraft carriers and some submarines are equipped with nuclear propulsion.
  • Putin's Russia caught in US and Chinese double-pincer

    04/03/2014 5:42:29 AM PDT · by Ivan Mazepa · 17 replies
    The Telegraph ^ | March 26 2013 | Ambrose Evans-Pritchard
    Russia's Vladimir Putin has committed a grave strategic blunder by tearing up the international rule book without a green light from China. Any hope of recruiting Beijing as an ally to blunt Western sanctions looks doomed, and with it the Kremlin's chances of a painless victory, or any worthwhile victory at all. Mr Putin was careful to thank China's Politburo for its alleged support in his victory speech on Crimea. Foreign minister Sergei Lavrov has been claiming with his usual elasticity that “Russia and China have coinciding views on the situation in Ukraine.” This is of course a desperate lie....
  • The Methane Hoax Cranks Up

    04/07/2014 5:29:17 AM PDT · by rktman · 9 replies
    Canada Free Press ^ | 4/6/2014 | Alan Caruba
    Having spent decades trying to convince everyone that carbon dioxide (CO2) was a “greenhouse gas” that was going to cause the Earth to heat up, the same environmental charlatans are now embarking on a campaign to do the same with methane. In the U.S. the first move was announced by the White House in late March.
  • Here's Why Warren Buffett and General Electric Are Betting Big on Natural Gas

    04/07/2014 5:33:14 AM PDT · by thackney · 7 replies
    Motley Fool ^ | March 30, 2014 | Jason Hall
    "Our confidence is justified both by our past experience and by the knowledge that society will forever need massive investments in both transportation and energy." -- Warren Buffett, 2013 letter to Berkshire Hathaway shareholders According to the company's most recent fact sheet, Berkshire Hathaway subsidiary BNSF Railways ships enough coal every year to power 10% of America's houses, and enough crude oil to fill the gas tanks of nearly 650,000 cars every day. Transporting energy is pretty important to BNSF, and BNSF is pretty important to Berkshire, having generated some $3.8 billion in net income in 2013. At the same...
  • Gas boom creates chemical bond between Gulf Coast, foreign firms

    04/07/2014 5:26:04 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | April 6, 2014 | Emily Pickrell
    Foreign companies are making big bets on the Gulf Coast petrochemical corridor, where capital investment is surging because of cheap U.S. natural gas, other lower costs and the existing industry infrastructure. Domestic natural gas and its byproducts including ethane — a building block petrochemical companies use to make plastics and other materials — are low-priced relative to most of the world because of the surge in oil and gas production from U.S. shale plays. The bargain-rate raw material has caused a stampede of recent international investment along the Gulf Coast in Louisiana and Texas, the center of the U.S. petrochemical...
  • Financial questions seen for US shale gas, tight-oil plays

    04/02/2014 7:14:39 PM PDT · by Lorianne · 5 replies
    Oil & Gas Journal ^ | 25 March 2014 | OGJ editors
    Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the author of a March comment published by the Oxford Institute for Energy Studies (OIES). But a reorientation of the industry toward “the most commercially sustainable areas” of unconventional-resource plays might extend the period of growth, writes the analyst, Ivan Sandrea, an OIES research associate and senior partner of Ernst & Young London. The producing industry has demonstrated it can create opportunities, innovate operationally, and address environmental issues despite evolving government policies and questions of public acceptance, Sandrea writes....
  • Net energy imports in 2013 lowest in more than 20 years

    04/02/2014 1:09:41 PM PDT · by thackney · 9 replies
    Energy Information Administration ^ | APRIL 2, 2014 | Energy Information Administration
    Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013. Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace...
  • Report: Condensate could be first crack in oil export ban

    04/02/2014 11:31:58 AM PDT · by thackney · 31 replies
    Fuel Fix ^ | April 2, 2014 | Jennifer A. Dlouhy
    A simple tweak by the Commerce Department would allow the U.S. to begin selling ultralight fossil fuels overseas, a significant first step in easing the 39-year-old ban on crude exports, a new report says. The analysis released by Sen. Lisa Murkowski, R-Alaska, focuses on condensate, a natural gas liquid made up of light fuels such as propane and butane. The fuels generally flow as liquids at normal temperatures even if they’re gas underground. Though it is chemically different than crude, condensate is swept under the oil export ban — at least as long as the light hydrocarbon is coming out...
  • US gasoline prices reach six-month high as ethanol climbs

    04/02/2014 6:58:35 AM PDT · by thackney · 33 replies
    Bloomberg News via Fuel Fix ^ | April 2, 2014 | Barbara Powell
    Link only due to Bloomberg content
  • Texas producing 36 percent of US crude

    04/02/2014 6:55:02 AM PDT · by thackney · 23 replies
    Fuel Fix ^ | April 1, 2014 | Ryan Holeywell
    Texas is producing about 36 percent of the country’s crude oil — three times more than any other state, according to the latest monthly figures from the U.S. Energy Information Administration. Texas pumped nearly 2.9 million barrels of crude daily of the 7.9 million barrels produced nationwide in January, the latest month for which figures are available. The Gulf of Mexico produced about 17 percent, the second-largest portion, followed by North Dakota with about 12 percent of the U.S. crude. California and Alaska rounded out the top five crude-producing areas, each home to about 7 percent of the nation’s oil....
  • DON'T LET DICTATORS CONTROL THE INTERNET: KEEP THE WEB FREE

    04/01/2014 10:03:22 AM PDT · by MeshugeMikey · 33 replies
    ACLJ ^ | April 1 2014 | ACLJ
    The Obama Administration is giving up American control over the Internet, handing over its most important technical functions to a “multinational” body – perhaps even the U.N. But do we want Russia or China influencing whether we can create websites? Do we want the U.N. controlling key aspects of the world’s most powerful mode of communication – our free speech? America has kept the Internet free. Don’t let our nation sign over our freedom to dictators.
  • Study: Gasoline prices will fall if US exports crude

    04/01/2014 5:08:21 AM PDT · by thackney · 44 replies
    Fuel Fix ^ | March 31, 2014 | Jennifer A. Dlouhy
    The oil industry’s leading trade group on Monday cast exports of U.S. crude as an economic win for consumers, fighting against criticism that selling the fossil fuel overseas would mean higher prices at home. The American Petroleum Institute commissioned a study by ICF International and EnSys Energy predicting lower gasoline prices, domestic job growth and other economic benefits if the United States lifts its 39-year-old ban on exporting U.S. crude. “Consumers are among the first to benefit from free trade, and crude oil is no exception,” said API Vice President Kyle Isakower told reporters in a conference call Monday. “Gasoline...
  • Corn Prices Are Popping

    03/31/2014 11:49:53 AM PDT · by blam · 42 replies
    BI ^ | 3-31-2014 | Rob Wile
    Corn Prices Are Popping Rob WileMar. 31, 2014, 12:15 PM    Corn prices are surging after U.S. farmers said they expect to plant the lowest corn acreage since 2010. That's because inventories in the world’s biggest grower and exporter jumped 30 percent from a year earlier. Acreage is estimated to hit 91.691 million, down from 95.365 million a year earlier, according to a survey of more than 84,000 growers released today in Washington, Bloomberg said. Analysts surveyed by Bloomberg estimated 93.014 million, on average. Here's how corn reacted to the news:
  • Barrasso Wants To Use Wyo. Gas As Weapon Against Russia

    03/29/2014 3:05:57 PM PDT · by Tailgunner Joe · 28 replies
    wyomingpublicmedia.org ^ | March 29, 2014 | Matt Laslo
    Lawmakers in Washington are debating whether to export more natural gas to combat Russian threats to cut off its gas supplies to Europe. Our D-C reporter Matt Laslo has a look at what that could mean for Wyoming’s economy – and environment… MATT LASLO: Wyoming's junior senator, John Barrasso, made waves when her first came to Washington. And while he's now in the Republican leadership team in the U-S Senate, he's starting to get brushed aside by many reporters and politicians because of his near singular focus on dismantling what he terms Obamacare. But this week lawmakers of all stripes...
  • Gas Tax Hike Touted for Transportation Woes

    03/29/2014 12:53:47 PM PDT · by JeepersFreepers · 19 replies
    WOAI News Radio San Antonio ^ | March 21, 2014 | Jim Forsyth
    The Texas Legislature’s point man [Drew Darby] on transportation funding says Texas motorists need to understand that a higher gas tax would be a more 'open and transparent' way of dealing head on with the state's transportation crisis than the 'congestion tax' that motorists are currently paying every day. "I think we need to revert to pay as your go," State Rep. Drew Darby (R-San Angelo) told the San Antonio Mobility Coalition."Nine times members of the Legislature have raised the gasoline tax to pay for our transportation infrastructure, but that hasn't happened since 1991. Lawmakers over the past several years...