Keyword: opec

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  • 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...
  • Trump officials to announce closure of Palestinian Liberation Organization office in DC: report

    09/10/2018 7:35:07 AM PDT · by E. Pluribus Unum · 27 replies
    The Hill ^ | 09/09/18 11:04 PM EDT | BRETT SAMUELS
    National security adviser John Bolton is expected to announced Monday that the U.S. will shutter the Palestine Liberation Organization's (PLO) office in Washington, D.C., The Wall Street Journal reported. “The Trump administration will not keep the office open when the Palestinians refuse to start direct and meaningful negotiations with Israel,” Bolton is expected to say, according to a draft of his speech reviewed by The Wall Street Journal. Bolton will reportedly threaten the International Criminal Court with sanctions if it carries out investigations into the U.S. and Israel. ADVERTISEMENT The action against the PLO, which serves as the main entity...
  • Trump cuts $25 million in aid for Palestinians in East Jerusalem hospitals

    09/08/2018 10:08:11 PM PDT · by Olog-hai · 36 replies
    Al-Reuters ^ | September 8, 2018 12:39 PM | David Brunnstrom, Ali Sawafta, Mayaan Lubell and Stephen Farrell
    U.S. President Donald Trump has ordered that $25 million earmarked for the care of Palestinians in East Jerusalem hospitals be directed elsewhere as part of a review of aid, a State Department official said on Saturday. Trump called for a review of U.S. assistance to the Palestinians earlier this year to ensure that the funds were being spent in accordance with national interests and were providing value to taxpayers. “As a result of that review, at the direction of the President, we will be redirecting approximately $25 million originally planned for the East Jerusalem Hospital Network,” the State Department official...
  • US oil exports hit new records

    09/07/2018 7:43:49 PM PDT · by E. Pluribus Unum · 29 replies
    Washington Examiner ^ | September 07, 2018 06:29 PM | John Siciliano
    U.S. oil exports reached new soaring heights in the first six months of 2018, with half of all exports going to Europe and Asia and India shoring up the rest, according to new data from the federal government. U.S. crude oil exports saw an 80 percent increase in the first half of 2018 compared to the same period last year, according to the latest data and analysis issued Thursday by the Energy Information Administration. That's an increase of 787,000 barrels per day, to set a new monthly record in June of 2.2 million barrels on average per day. The largest...
  • (NJ) The gas tax was just raised, and it could keep going up

    09/05/2018 6:37:04 PM PDT · by Coleus · 14 replies
    NJ.com ^ | 09.04.18 | Samantha Marcus
    New Jersey's gas tax is going up this fall for the second time in two years. And all indications are that it is going to keep going up, an industry expert says. And up. And up. Gas tax collections have fallen behind for two years now, precipitating Gov. Phil Murphy's administration to announce Thursday that it is raising the motor fuel tax 4.3 cents, bringing state taxes on a gallon of gasoline sold in New Jersey to 41.4 cents -- the ninth-highest of any state. This follows a whopping 23-cent-per-gallon increase passed by the state Legislature and signed into law...
  • The Oslo process – 25 years on

    09/05/2018 5:46:23 AM PDT · by SJackson · 8 replies
    Jerusalem Post ^ | September 2, 2018 | Efraim Inbar
    The abject failure of the Oslo Accords has had a salutary effect on Israeli society. Israelis are today quite resilient, ready to endure – if necessary – protracted conflict. The Oslo process – started between Israel and the Palestinians 25 years ago – clearly failed to bring a resolution to the conflict and did not result in peaceful coexistence between Israelis and Palestinians. The nearly 1,600 Israeli casualties and many more thousands of wounded during this period by Palestinian terrorist and rocket attacks testify to this failure. Yitzhak Rabin’s land-for-security formula did not work. Be the first to know -...
  • AFL-CIO’s Trumka: Trump ‘Has Done More to Hurt Workers Than to Help Workers’

    09/03/2018 5:46:35 AM PDT · by bryan999 · 57 replies
    On this weekend’s broadcast of “Fox News Sunday,” AFL-CIO chief Richard Trumka said President Donald Trump has “hurt workers.” On Trump’s performance for workers, Trumka said, “Unfortunately, to date, the things that he has done to hurt workers outpace what he’s done to help workers. He hasn’t come up with an infrastructure program that could put a lot of us back to work. He overturned a regulation that would deny over 5 million overtime that they would’ve had. He overturned some health and safety regulations that will hurt us on the job.” He continued, “Wages have been down since the...
  • How America Killed Transit

    09/01/2018 11:33:14 AM PDT · by Publius · 74 replies
    CITYLAB ^ | 31 August 2018 | Jonathan English
    One hundred years ago, the United States had a public transportation system that was the envy of the world. Today, outside a few major urban centers, it is barely on life support. Even in New York City, subway ridership is well below its 1946 peak. Annual per capita transit trips in the US plummeted from 115.8 in 1950 to 36.1 in 1970, where they have roughly remained since, even as population has grown. This has not happened in much of the rest of the world. While a decline in transit use in the face of fierce competition from the private...
  • Iran says it has full control of Gulf and U.S. navy does not belong there

    08/27/2018 3:54:57 AM PDT · by McGruff · 50 replies
    Reuters ^ | 27 August 2018
    Iran has full control of the Gulf, and the U.S. Navy does not belong there, the head of the navy of Iran's Revolutionary Guards, General Alireza Tangsiri, said on Monday, according to the Tasnim news agency. The remarks come at a time when Tehran has suggested that it could take military action in the Gulf to block oil exports of other regional countries in retaliation for U.S. sanctions intended to halt its oil sales. Washington maintains a fleet in the Gulf which protects oil shipping routes. Tangsiri said Iran had full control of both the Gulf itself and the Strait...
  • 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...
  • UN Wants To Arm and Defend Terrorists Attacking Israel

    08/23/2018 6:48:25 AM PDT · by Kaslin · 10 replies
    Townhhall.com ^ | August 23, 2018 | Marina Medvin
    In yet another showing of blatant antisemitism, the United Nations Secretary-General, Antonio Guterres, declared last Friday that the Gaza Palestinians, who have been violently attempting to infiltrate the Israeli border to "kill the Jews" and "burn the Jews," are the victims and in need of armed security. This mind-boggling defense of terrorists is of no surprise to those of us who follow UN politics. Earlier this summer when the US walked out on the UN Human Rights Council, Nikki Haily issued a statement on the decision, calling the Council a protector of "the world’s worst human rights abusers" with a "chronic...
  • 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...
  • Venezuela pegging its economic recovery to a cryptocurrency that’s widely considered a scam

    08/20/2018 10:09:35 AM PDT · by NRx · 65 replies
    CNBC ^ | 08-20-2018 | Kate Rooney
    Venezuela is doing something completely unprecedented. Some even say illegal. As part of an attempt to stop skyrocketing inflation, the country is issuing a new fiat currency called the "sovereign bolivar," which will be backed by a cryptocurrency. But that cryptocurrency, called the "petro," does not trade, and Venezuela's own parliament says it's being illegally used to mortgage the nation's cash-strapped oil reserves. "This is a smoke-and-mirrors operation typical of Venezuela — I'll believe it when I see it," said Steve Hanke, professor of applied economics at Johns Hopkins University and one of the world's leading experts on hyperinflation. "The...
  • Progressive veterans frame climate change as a national security issue (and here we go...)

    08/19/2018 5:58:54 PM PDT · by Libloather · 44 replies
    ABC News ^ | 8/19/18 | Lee Harris
    Self-described "ass-kicking, motorcycle-riding, Texas Democrat" MJ Hegar, a candidate for Texas’ deep-red 31st district, has a novel approach to environmental politics: she doesn’t care if her supporters believe in man-made climate change, but says it's hard to deny the corrupting effects of petroleum dependence on American foreign policy. "Our dependence on foreign oil is just so damaging to our country on so many levels," Hegar told ABC News in a June interview. "I respect other people’s freedom to be discerning and to make their own decisions. But they can’t deny that the U.S. military pays the price for our dependence...
  • Crow Tribal spokesman RIPS Left-wing coastal states for using EPA regs to deny his people prosperity

    08/17/2018 12:23:55 PM PDT · by SleeperCatcher · 28 replies
    The National Sentinel ^ | 8/17/18 | USA Features
    Cruel: A spokesman for a prominent Native American tribe is blasting uber-Left-wing politicians in deep blue coastal states for using onerous EPA regulations to deny his people the opportunity to coal, gas, and other forms of energy. The Daily Caller reports that officials in a small number of coastal states led by Washington are essentially denying Crow Tribal members the opportunity to earn a much better living. CJ Stewart, a Crow Tribal member and co-founder of the National Tribe Energy Association, told the Senate Committee on Environment and Public Works Thursday that his people are dependent on producing energy to...
  • James Mattis: Latin American countries selling out their sovereignty to Russia, China

    08/17/2018 12:30:07 PM PDT · by CondoleezzaProtege · 13 replies
    Washington Times ^ | August 17, 2018 | Martin Arostegui
    A Chinese space force in Argentina, Russian control of Venezuelan gas and South American armies equipped with the latest Chinese and Russian hardware. Until recently, it might have sounded like the plot of a geopolitical thriller in a region once considered America’s backyard. But this is what Defense Secretary James N. Mattis faced on his visit this week to several South American nations, where economic and military posturing by Beijing and Moscow has been on the rise for the past decade. Analysts say Chinese loans in recent years have allowed authoritarian leaders to consolidate power in Venezuela, Bolivia and Nicaragua,...
  • Oil Politics: How Syrian Kurds Use Oil For Political Leverage

    08/14/2018 3:02:16 PM PDT · by Pavegecko · 1 replies
    Tsarizm.com ^ | 8/14/18 | Sirwan Kajjo
    RIMELAN, SYRIA – “Where does all our oil go to?” my Kurdish driver asked as we drove past more than a dozen hefty trucks loaded with crude oil. The cargo convoy was heading to Syrian regime-held areas. Syria’s seven-year civil war has left the Kurds with increasing power over the oil fields in their territory, adding yet another layer of complexity to the already complicated picture of the war-torn country. The Democratic Union Party (PYD), the main party in Syrian Kurdistan, took control of most Kurdish cities in July 2012. The takeover didn’t involve fighting with Syrian regime forces as...
  • Russia’s Gazprom begins construction of Turkey pipeline

    05/08/2017 10:22:14 AM PDT · by Texas Fossil · 19 replies
    KOM News ^ | 8 May 2017 | none stated
    Map of the planned Turkish Stream (Wikipedia). Russia’s Gazprom has begun constructing the first stage of the Turkish Stream pipeline that will run gas from southern Russia across the Black Sea to Turkey, Reuters reported on Sunday.Switzerland’s Allseas Group S.A has begun laying pipes on the Russian shore of Black Sea. The pipeline will when completed by the end of 2019 allow the state-owned Gazprom company to send gas direct to southern Europe through the Turkish Stream while bypassing Ukraine.The Turkish Stream intergovernmental agreement was signed in October 2016 after having been halted for almost a year following the shootdown...
  • Donald Trump Explains Why He Hates Windmills

    08/13/2018 5:25:30 PM PDT · by E. Pluribus Unum · 54 replies
    Breitbart ^ | 13 Aug 2018 | 13 Aug 2018
    President Donald Trump ridiculed windmills as a source of energy on Monday, professing his appreciation for coal instead. The president spoke about energy during a fundraiser in New York, pointing out that coal was an “indestructible” form of energy, but it was easy to destroy a windmill. Why Windmills are the Worst — by @realDonaldTrump pic.twitter.com/t5WqMu9hSe — Charlie Spiering (@charliespiering) August 13, 2018 “Bing, that’s the end of that windmill,” Trump said, imitating someone shooting a windmill. The president pointed out that windmills also kill birds. “They kill so many birds, you look underneath some of those windmills, it’s like...