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Keyword: opec

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    03/21/2018 9:30:43 AM PDT · by b4its2late · 19 replies
    Front Page Magazine ^ | 3/21/2018 | Kenneth R. Timmerman
    The Left's romance with the Islamic Republic ensues. The Senate debated on Tuesday a resolution introduced by Vermont Socialist Bernie Sanders that would require the withdrawal of U.S. troops from Yemen. The surprising support the resolution won from 44 U.S. Senators handed a big win to Iran, which is engaged in a hot war with Saudi Arabia on the Arabian Peninsula. And it was a huge slap in the face to Saudi Crown Prince Mohammad bin Salman, who was meeting with President Trump in the White House as the Senate debated the motion on the floor. It also showed the...
  • China's premier pledges further market opening as talk of trade war mounts (Time to move, Trump)

    03/20/2018 1:15:52 AM PDT · by cba123 · 9 replies
    Reuters ^ | 4 hours ago | By Kevin Yao
    China will open up its economy further, and its door to the outside will only get wider, with foreign and domestic firms allowed to compete on an equal footing, Premier Li Keqiang said at the close the country's annual parliament session on Tuesday. The familiar-sounding pledges from Beijing came as the prospect of a global trade war loomed in the wake of U.S. President Donald Trump imposition of hefty import tariffs on steel and aluminum earlier this month. (please see link, for full article)
  • China Jumps to Number Two Importer of U.S. Crude

    03/19/2018 7:52:36 PM PDT · by Sub-Driver · 12 replies
    China Jumps to Number Two Importer of U.S. Crude By MarEx 2018-03-19 00:17:30 U.S. crude oil exports in 2017 were nearly double those of 2016, and China accounted for 202,000 b/d (20 percent) of the 527,000 b/d total increase. As a result, China surpassed the U.K. and the Netherlands to become the second-largest importing destination. However, similar to previous years, Canada remained the top destination for U.S. crude oil exports. Canada’s share of total U.S. crude oil exports continued to decrease in 2017, down from 61 percent in 2016 to 29 percent. U.S. crude was shipped to 37 destinations, compared...
  • Climate change triggering ‘flying rivers, rain bombs’, Gore warns

    03/19/2018 6:22:53 AM PDT · by Sub-Driver · 51 replies
    Climate change triggering ‘flying rivers, rain bombs’, Gore warns Former US vice-president tells GESF delegates in Dubai large areas in Middle East could become uninhabitable Dubai: Bizarre weather such as “flying rivers” and “rain bombs” are just some of the recent effects of climate change, warned former US vice-president Al Gore at the Global Education and Skills Forum (GESF) in Dubai on Sunday. Gore, who is the founder and chairman of The Climate Reality Project, a non-profit establishment “devoted to solving the climate crisis”, told GESF delegates global weather is becoming “extreme” and “disruptive”, mainly because of global warming. Gore...
  • Deep Learning Portends 'Sea Change' for Oil and Gas Sector

    03/15/2018 1:44:40 AM PDT · by SunkenCiv · 34 replies
    Enterprise Tech ^ | February 2, 2018 | Tiffany Trader and Doug Black
    The billowing compute and data demands that spurred the oil and gas industry to be the largest commercial users of high-performance computing are now propelling the competitive sector to deploy the latest AI technologies. Beyond the requirement for accurate and speedy seismic and reservoir simulation, oil and gas operations face torrents of sensor, geolocation, weather, drilling and seismic data. Just the sensor data alone from one off-shore rig can accrue to hundreds of terabytes of data annually, but most of this remains unanalyzed, dark data. Why? Because there just isn't enough compute capacity to crunch it all. A collaboration between...
  • Hillary and Lamar: A Meeting of Minds on Russian Collusion

    03/06/2018 7:49:09 AM PST · by Twotone · 2 replies
    American Spectator ^ | March 5, 2018 | Kevin Mooney
    America’s anti-fracking enviros had a strange benefactor. While allegations of the Donald Trump campaign colluding with Russians to alter the presidential election outcome remain unproven at best, a clear money trail and U.S. intelligence reports demonstrate Russia’s active campaign of funding U.S. environmental groups. On March 1, U.S. House Science, Space, and Technology Committee’s chairman, Rep. Lamar Smith (R-TX), released a report on “Russia’s Social Media Meddling in U.S. Energy Markets.” The report details Russia’s motives in interfering with U.S. energy markets, influencing domestic energy policy, and manipulation of Americans via social media propaganda. “This report reveals that Russian agents...
  • Russian funding of U.S. environmental groups shows how collusion is done

    03/09/2018 5:27:21 AM PST · by cowpoke · 18 replies
    American Spectator ^ | 3/8/18 | Kevin Mooney
    Last week, a congressional committee released a jarring and persuasive report on Russian meddling in American politics. Despite a media feeding frenzy over anything tangentially connected to questions of Russian interference, this report went largely unnoticed. The U.S. House Science, Space, and Technology Committee’s “Russia’s Social Media Meddling in U.S. Energy Markets” details Russian funding of U.S. environmental groups, which used resources to protest the process of fracking and the existence of the Keystone pipeline. Russia, the world’s largest oil producer, figures to watch the U.S. surpass it within five years. Killing fracking and the pipeline stand as two ways...
  • 57 Muslim nations urged to besiege Israel

    03/12/2018 1:58:55 PM PDT · by Lera · 83 replies
    WND ^ | 3/11/18
    A Turkish newspaper close to President Recep Tayyip Erdogan and his ruling party is urging 57 Islamic nations to build a joint army specifically to attack Israel, notes a new report in Joseph Farah’s G2 Bulletin. The Middle East Media Research Institute reports the article appeared on the paper’s website under the title “What If an Army of Islam Was Formed against Israel?” It was published shortly ahead of a summit of the Organization of Islamic Cooperation, which has 57 members, MEMRI reported. The article notes, MEMRI said, “that such a joint army will greatly exceed the Israeli army in...
  • Joy Reid “Republican”: No Trump Tariffs if he Read Forbes Instead of Getting Spanked with It

    03/03/2018 9:44:28 AM PST · by governsleastgovernsbest · 11 replies
    FinkelBlog ^ | Mark Finkelstein
    Evan Siegfried has probably assured himself of a few more appearances on Joy Reid’s MSNBC show. Siegfried is the sort of Republican that Reid reveres: the kind willing to take nasty shots at President Trump. On today’s show, Siegfried said that Trump wouldn’t have imposed the tariffs on steel and aluminum: “if the President had been doing things with Forbes magazine other than getting spanked, and he had actually read it, he would have known it’s bad for the economy.” Get the rest of the story and view the video here.
  • Putin Wants Modern Weapons, Not a Modern Russia

    03/01/2018 8:59:09 AM PST · by GoldenState_Rose · 54 replies
    The Moscow Times ^ | March 1, 2018 | Leonid Bershidsky
    Without a coherent vision of the future or an attractive model for others to imitate, without any soft power to speak of, without an economic model that can ensure sustainable growth or keep people out of poverty, the missile-rattling is a terrifying but hollow sound. In the context of a mock election with a predetermined result, Russia's growing military might means better protection for an unaccountable, oppressive regime that doesn't have to keep any of the promises it makes. It's muscle without hope or substance. Putin's fascination with the new toys is understandable. This part of the speech carried a...
  • Iraqi Troops Report Islamic State ‘Re-emergence’ Where Kurdish Peshmerga Removed

    02/28/2018 6:07:07 AM PST · by huldah1776 · 7 replies
    Breitbart News ^ | Feb 26, 2018 | Edwin Mora
    The Iraqi military has reportedly warned of an Islamic State (ISIS/ISIL) resurgence in northern Iraq, noting that the group has already attacked the Kurdish-majority Kirkuk region, home to lucrative oil fields. In an interview with Bas News, Ahmed Askari, a member of the Kurdish-held Kirkuk Provincial Council, dismissed as false the Iraqi military’s allegation of an ISIS re-emergence in northern Iraq, a region primarily controlled by the autonomous Kurdistan Regional Government (KRG). However, Kurdistan 24 reports: Islamic State (IS) extremists on Saturday launched an attack on an oil field in Kirkuk Province, killing at least two police officers. A security...
  • Kirkuk oil deal with Iran delayed by security concerns

    02/26/2018 8:20:15 AM PST · by mac_truck · 6 replies
    Rudaw (Kurdish) ^ | 2/26/18 | Staff
    ERBIL, Kurdistan Region – Security concerns have caused Iranian officials to delay the implementation of a deal to truck crude oil from Kirkuk to Iran, the head of the Iran-Iraq Chamber of Commerce announced on Monday. The delay comes a day after a suicide bomber targeted a Hashd al-Shaabi office in Kirkuk and after ISIS killed two police officers at an oilfield in the province on Saturday. “A large number of ISIS terrorists attacked a post of the oil police force near well 43 in the Khabbaz oilfield, killing two and wounding a third,” a security source told AFP. Iraq...
  • Scientists Accidentally Discover Efficient Process to Turn CO2 Into Ethanol

    11/25/2016 4:11:06 PM PST · by Enchante · 50 replies
    Popular Mechanics ^ | October 17, 2016 | Avery Thompson
    Scientists at the Oak Ridge National Laboratory in Tennessee have discovered a chemical reaction to turn CO2 into ethanol, potentially creating a new technology to help avert climate change. Their findings were published in the journal ChemistrySelect. The researchers were attempting to find a series of chemical reactions that could turn CO2 into a useful fuel, when they realized the first step in their process managed to do it all by itself. The reaction turns CO2 into ethanol, which could in turn be used to power generators and vehicles.
  • While Others Fight Over Guns, Ted Cruz Battles Ethanol

    02/22/2018 1:52:52 PM PST · by SeekAndFind · 18 replies
    Hotair ^ | 02/22/2018 | Jazz Shaw
    Texas Senator Ted Cruz was in Philadelphia yesterday, but he wasn’t there for the cheesesteaks. He was holding a rally at Philadelphia Energy Solutions, the owners of a major northeastern refinery which the EPA managed to bankrupt this winter. Arguing on behalf of those who are being put out of work because of EPA mandates, particularly the Renewable Fuel Standard, Cruz made the case for less government licensing and more flexibility in U.S. energy development, leaving some to wonder if this was actually a campaign stop for an upcoming election bid. (Dallas News) Texas Sen. Ted Cruz led a...
  • Ted Cruz’s War On Ethanol Takes Him To Philly

    02/22/2018 12:10:43 PM PST · by Rio · 18 replies ^ | 2/22/2018 | Catherine Sbeglia
    As part of his ongoing war against the ethanol industry, Senator Ted Cruz traveled to Philadelphia this week to meet with oil refinery workers who claim to be facing layoffs and financial ruin due to the federal mandated Renewable Fuel Standard (RFS). The now-bankrupt refinery, Philadelphia Energy Solutions, has argued that the cause of its financial problems are renewable identification numbers, or RINs, federal credits that refineries must purchase if they are unable to blend ethanol with gasoline as federal law requires. Credit prices fluctuate and in the past year, have risen from a few cents to nearly $1.40 apiece....
  • Ted Cruz pressures Iowa governor to reach deal on ethanol mandate

    11/14/2017 10:07:17 PM PST · by iowamark · 13 replies
    Washington Examiner ^ | Nov. 14, 2017 | John Siciliano
    Sen. Ted Cruz is pressuring Iowa Gov. Kim Reynolds to reach a deal between oil refiners and the ethanol industry over the Environmental Protection Agency's renewable fuel mandate. Cruz, speaking on behalf of a group of eight GOP senators, wrote in a Tuesday letter to Reynolds that they do not wish to up-end the market for corn ethanol produced in her state, which is the nation's top producer of the fuel. Instead, Cruz argued that the senators' real problem with the Renewable Fuel Standard is refiners being required to buy expensive renewable identification number credits, or RINs, to meet the...
  • Argentina Is On The Cusp Of A Shale Boom

    02/16/2018 11:05:04 AM PST · by nickcarraway · 15 replies
    OILPRICE ^ | Feb 15, 2018 | Matthew Smith
    The end of the Peronist hold on Argentine politics and rise of pro-business president Mauricio Macri has heralded in a new age for what was long regarded as one of the most economically unstable nations in Latin America. The former Buenos Aires mayor and businessman won the presidency in 2015, ousting his mercurial populist Peronist predecessor Cristina Fernández de Kirchner. Since coming to power, Macri has worked to restructure a shattered economy ruined by decades of market warping tariffs and subsidies, protectionism, heavy handed regulation, rampant inflation and unsustainable fiscal policies. The center-right president has been able to achieve what...
  • Poll portends tough sledding for California gas tax increase

    02/16/2018 8:06:37 AM PST · by 11th_VA · 25 replies ^ | February 16 2018 | By Keeley Webster
    The recent gas tax hike in California enacted to fund transportation projects could face tough sledding in the face of a repeal effort. Likely voters were nearly evenly split on the issue with 47% saying they favor repeal, while 48% said they oppose it, in a poll released Feb. 7 by the Public Policy Institute of California. The creator of the initiative to repeal a gas tax hike and vehicle fee increase approved by the state legislature last year to support transportation projects said signature gathering efforts are right on track. (You need to pay if you want to know...
  • Moscow Far More Worried about Trump than Many in the West Think

    02/14/2018 2:17:08 PM PST · by GoldenState_Rose · 30 replies
    Window on Eurasia ^ | February 12, 2018 | Liliya Shevtsova
    Many analysts dismissed “the Kremlin list” the Trump Administration released two weeks ago as a bad joke or worse and thus failed to recognize the extent to which its contents in fact have made Moscow far more afraid of the US president than they were before, according to Liliya Shevtsova. First of all, “by publishing practically the entire list of members of the Russian government and Presidential Administration, the White House shifted from the traditional Western effort of trying to divide the Russian elite into pro-Western and anti-Western factions..." Instead, it properly treated the entire kleptocratic elite as being linked...
  • Ex-Enemies, Evangelicals and a Soccer Star: Top Mexican Candidate’s New Allies

    02/14/2018 8:24:17 AM PST · by Red Badger · 12 replies ^ | Feb. 14, 2018 6:00 a.m. ET | By Juan Montes
    Leading presidential hopeful López Obrador seeks to broaden his appeal and soften his reputation as a hot-headed populist _________________________________________________________ MEXICO CITY—Andrés Manuel López Obrador, a nationalist who built his career blocking oil wells and railing against the political elite, is trying a third time to achieve what he failed to do twice before: win the Mexican presidency. The 64-year-old leftist candidate is leading in the polls ahead of the July 1 election after trying to reinvent himself with a new party, unlikely allies and as a champion of national unity who doesn’t threaten Mexico’s traditional economic powers. Although once a...