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Keyword: hydrocarbons

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  • Venezuela pegging its economic recovery to a cryptocurrency that’s widely considered a scam

    08/20/2018 10:09:35 AM PDT · by NRx · 63 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...
  • Trump's trade war advantage: The US economy is 'firing on all cylinders,' says expert

    08/12/2018 11:06:29 PM PDT · by 2ndDivisionVet · 28 replies
    CNBC ^ | August 13, 2018 | Weizhen Tan
    • "We have to realize that perhaps China isn't as strong as when we at first think. China is still figuring out also how to deal with this trade situation, how to ensure the stability of its domestic economy," said Curtis Chin, an Asia fellow at the Milken Institute. • Speaking to CNBC's "Squawk Box," Chin also "totally" disagreed with the view that U.S. President Donald Trump's policies are backfiring. China's power may have been overrated and the U.S. economy is staying strong, meaning that U.S. President Donald Trump has an advantage in the trade war, according to one expert....
  • Short on Cash, DNC Does About-Face on Fossil Fuel Donations

    08/12/2018 6:06:01 AM PDT · by Zakeet · 26 replies
    Townhall ^ | August 11, 2018 | Timothy Meads
    Desperate times call for desperate measures. And for the cash-strapped Democratic National Committee, that means reversing a policy of not accepting money from people who are employed by fossil fuel companies. "We have to draw the line that we are indeed a party of a big tent where all working people are welcome," said DNC Chairman Tom Perez on Friday night. "We're not a party that punishes workers simply based on how they make ends meet." [Snip] Despite the DNC's change of heart and opening of wallets on fuel donations, Perez maintains that the party is committed to fighting climate...
  • On Libya,Syria,Yemen,Bahrain,Ivory Coast,Christian Minorities and A "Humanitarian" Foreign Policy

    04/01/2011 12:42:05 AM PDT · by kevinaw2 · 6 replies
    http://kevin-wardsworld.blogspot.com/ ^ | March 31, 2011 | Kevin A Ward
    It is ever so obvious that Barack Obama's heart is not in Libya, but like every President since Jefferson he has come to recognize the harsh contradictions as the nation's chief executive and campaigning for the office. His predicament is nothing new. Principle meets the real world. In the midst of the BP oil spill, I wrote that the President seemed "detached". This entire administration can now aptly described as "detached", but more importantly it can now be held accountable for gross contradiction in selectively determining "humanitarian" intervention. Obama dithered for three weeks on Libya, missing a window of opportunity...
  • Iran’s Oil Exports Drop For Third Consecutive Month

    08/08/2018 4:46:30 PM PDT · by BeauBo · 1 replies
    OilPrice ^ | Aug 07, 2018 | Tsvetana Paraskova
    Iran’s oil exports dropped by 7 percent to 2.32 million bpd in July—their lowest level in four months—as South Korea and Europe are slashing imports ahead of the return of the U.S. sanctions on Tehran... Analysts expect Iran’s oil exports to drop more noticeably beginning in September, and the rate of decline to accelerate.
  • Finally! Some Fuel Economy Common Sense

    08/07/2018 4:09:40 PM PDT · by Kaslin · 10 replies
    Townhall.com ^ | August 8, 2018 | Paul Driessen
    Corporate Average Fuel Economy (CAFÉ) standards were devised back in 1975, amid anxiety over the OPEC oil embargo and supposedly imminent depletion of the world’s oil supplies. Of course, barely 15 years after Edwin Drake drilled the first successful oil well in 1859, a Pennsylvania geologist was saying the United States would run out of oil by 1878. In 1908, the US Geological Survey said we’d exhaust our domestic oil reserves by 1927; in 1939, it moved petroleum doomsday to 1952.Somehow, improved technology and geological acumen kept finding more oil. Then the horizontal drilling and hydraulic fracturing (fracking) revolution postponed the...
  • China may have to resume U.S. soybean purchases in weeks: Oil World

    08/07/2018 12:50:59 PM PDT · by xzins · 38 replies
    AP ^ | 7 Aug 18 | AP staff
    HAMBURG (Reuters) - China may have to start buying U.S. soybeans again in coming weeks despite the trade war between the two countries as other regions cannot supply enough soybeans to meet China’s needs, Hamburg-based oilseeds analysts Oil World said on Tuesday.
  • Saudi Arabia orders Canadian envoy to leave over criticism

    08/05/2018 9:32:26 PM PDT · by robowombat · 18 replies
    ITV ^ | Aug 5, 2018 | David Kawai
    Saudi Arabia has ordered Canadian ambassador Dennis Horak to leave the kingdom within 24 hours (David Kawai/The Canadian Press via AP) Saudi Arabia has ordered the Canadian ambassador to leave the ultraconservative kingdom within 24 hours after his nation criticised the recent arrest of women’s rights activists. The Saudi Foreign Ministry also said it would freeze “all new business” between the kingdom and Canada. Some 10% of Canadian crude oil imports come from Saudi Arabia. Canadian officials did not immediately respond to a request for comment. It was not immediately clear if Ambassador Dennis Horak was in the kingdom. “Any...
  • Work halted on Mountain Valley Pipeline (WV)

    08/05/2018 1:49:30 PM PDT · by buckalfa · 13 replies
    WV MetroNews ^ | August 4, 2018 | MetroNews Staff
    WASHINGTON, DC — Work on the Mountain Valley Pipeline has come to a halt after a Friday order from the Federal Energy Regulatory Commission. The agency issued the stop work order a week after the Fourth U.S. Circuit Court of Appeals pulled a permit needed for construction in the National Forest. The 300 miles pipeline is under construction to carry natural gas from Wetzel County, West Virginia to Pittsylvania County, Virginia. FERC ordered a halt to all work with the exception of what it considered measures necessary to land management and stabilization of the right of way and work areas....
  • Trump admin DROPS 'climate change’ probe into Exxon-Mobil as ‘war on fossil fuels’ winds down

    08/05/2018 9:51:23 AM PDT · by SleeperCatcher · 42 replies
    The National Sentinel ^ | 8/5/18 | USA Features
    Sanity: Without question, President Obama and his administration were the biggest enemies of the fossil fuel industry in the history of our country. Never mind that fossil fuels (along with innovation) were responsible for transforming the United States into the world’s leading economic power. Obama was dead-set on destroying the industry in lieu of some ‘clean energy’ nirvana that is decades away from reality, given the pace of technological development in that industry.
  • Idiot of the Week: White People Have No Culture

    07/31/2018 2:11:09 AM PDT · by Rummyfan · 53 replies
    The Declination ^ | 30 July 2018 | Thales
    Self-loathing white people are some of the most disturbing people to have ever drawn breath. Drama queens might be the best way to describe them, for they obsess endlessly about things they haven’t done, they elevate petty problems to the world stage and bury major ones behind a veneer of political correctness. A white kid wearing dreadlocks is the end of the world. But recognizing that ISIS lobs gay people off of buildings for amusement is probably racism (even though, paradoxically, Islam is not a race). Sanctimony is their religion, Social Justice their crusade, and endless self-hatred their spiritual diet....
  • Could this 'clean coal’ plant proposal be answer to Indiana’s 17 billion tons of reserves? (Jobs?)

    07/30/2018 4:26:29 PM PDT · by 2ndDivisionVet · 13 replies
    Republic of Mining ^ | March 18, 2018 | Sarah Bowman and Emily Hopkins
    When it comes to coal, the United States is what the Middle East is for oil. That fact is not lost on an industry competing for relevancy at a time when it’s undersold by natural gas and renewable energy. It’s not lost on the coal-producing towns in the nation that have long relied on the mineral for jobs and economic development. And it’s certainly not lost on Greg Merle, whose company is pitching what he hopes — what he believes — might just be the answer for a declining industry desperate to remain viable. Merle is the president of Riverview...
  • Advice from a shark: Ignore the Trump circus, focus on Trump policy (on Tariffs)

    07/24/2018 7:57:13 PM PDT · by entropy12 · 11 replies
    The Hill ^ | 07/24/18 01:30 PM EDT | KEVIN O'LEARY
    The U.S. is likely to maintain a trade deficit with China even if all tariffs are removed. Why? The U.S. is the largest economy in the world, and the American consumer has a ferocious appetite for goods and services. The U.S. economy simply consumes more than it exports. This is not going to change anytime soon. Tariffs are a different deal. They are imbalances. Take the automotive industry, for example. The Chinese and Europeans charge higher tariffs on U.S. cars coming into their markets than corresponding Asian and European automobiles entering the U.S. markets. This has been going on...
  • Could oil prices skyrocket to $200 a barrel … or more?

    07/24/2018 6:42:28 AM PDT · by yesthatjallen · 61 replies
    The Hill ^ | 07/24/18 | Simon Henderson
    It’s summer. It’s hot. We all want to go on vacation. But for those of us who watch the oil market, there’s a nagging feeling that we won’t get to read that trashy novel on the beach, because oil prices are ready to explode. Who’s to blame? Top of the list is Iranian President Hassan Rouhani who, on Sunday, warned the United States that conflict with the Islamic Republic would be “the mother of all wars.” Additionally, Rouhani’s comment that “We have always guaranteed the security” of the Strait of Hormuz — the comparatively narrow waterway from the Persian Gulf...