Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $71,719
81%  
Woo hoo!! And now less than $16.3k to go!! And $7.5 to the YELLOW!! Let's get 'er done. Thank you all very much!!

Keyword: opec

Brevity: Headers | « Text »
  • U.S. Shale Oil Output to Hit Record 8.4 Million Bpd in March: EIA

    02/19/2019 1:43:23 PM PST · by Red Badger · 31 replies
    money.usnews.com ^ | Feb. 19, 2019, at 3:15 p.m. | by Devika Krishna Kumar, Jonathan Oatis, Marguerita Choy)
    NEW YORK - U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day (bpd) in March to a record of about 8.4 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday. The largest change is forecast in the Permian Basin of Texas and New Mexico, where output is expected to climb by 43,000 bpd to a record 4.024 million bpd in March. A shale revolution has helped boost the United States to the position of world's biggest crude oil producer, ahead of Saudi Arabia and Russia. Overall crude production...
  • Venezuela's Maduro says rival Guaido 'serves the interests of US and Zionists'

    02/18/2019 9:07:07 PM PST · by SunkenCiv · 49 replies
    Times of Israel ^ | February 15, 2019 | JTA
    The president of Venezuela, Nicolas Maduro, called the self-declared interim president and opposition leader Juan Guaido "a CIA agent who serves the interests of the United States and the Zionists" in an interview with the Hezbollah-affiliated Lebanese media outlet, al-Mayadeen... Maduro denied that there are Hezbollah operatives acting in Venezuela. And he accused the United States for trying seize the wealth and oil of Venezuela... The United States, European countries and other world leaders maintain that Maduro's re-election last year was fraudulent and have recognized Guaido as the country's interim leader, as has Israel. The country's military remains loyal to...
  • Hundreds stranded as British airline collapses

    02/17/2019 9:51:39 AM PST · by Libloather · 17 replies
    Washington Times ^ | 2/17/19 | Gregory Katz
    LONDON — Hundreds of passengers throughout Europe have been stranded by the abrupt collapse of the British regional airline Flybmi. British Midland Regional Limited, which operates as Flybmi, said it’s filing for administration - a British version of bankruptcy - because of higher fuel costs and uncertainty caused by Britain’s upcoming departure from the European Union. “Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi’sability to continue flying between destinations in...
  • US crude oil production expected to hit records this year and next

    02/12/2019 2:12:36 PM PST · by jazusamo · 16 replies
    The Hill ^ | February 12, 2019 | Miranda Green
    U.S. oil production is anticipated to break records in the next two years — and prices are primed to increase slightly, according to an energy study released Tuesday. The Energy Information Administration (EIA) said Tuesday that crude oil production is expected to rise to an average of 12.4 million barrels a day in 2019 and 13.2 million barrels per day in 2020. That’s up from January’s average of 12 million barrels a day and December’s 90,000 barrels a day. The expected increases will come from the Permian region of Texas and New Mexico, according to EIA. The U.S. last September...
  • Our friends the Turks: Hiding Venezuela's gold for Maduro?

    02/11/2019 7:20:50 AM PST · by SeekAndFind · 10 replies
    American Thinker ^ | 02/11/2019 | Monica Showalter
    Yes, we expect places such as Russia and Iran to stick up for Venezuela's hellhole regime, along with its fellow Latin socialist hellholes Cuba, Bolivia, and Nicaragua.  But Bloomberg is reporting that U.S. NATO ally Turkey seems to be all in for helping Nicolás Maduro spirit the nation's gold out of the country for his potentially comfortable retirement.  The picture emerges of a dictator about to make off with the light bulbs on the way out. div class="article_body bottom mrf-hidden"> Back around when Maduro was eating that big steak dinner in Istanbul in front of Venezuelans for an Instagram post, here's what had been really going on, as Bloomberg...
  • With Iran squeezed out, U.S. oil takes on new rivals in Europe

    02/11/2019 10:04:09 AM PST · by Hojczyk · 23 replies
    Yahoo Finance ^ | February 11, 2019 | By Olga Yagova and Devika Krishna Kumar
    Only a few years ago, before the hydro-fracking and shale revolution overturned the economics of U.S. oil production, the United States was the world's largest oil importer by far and prohibited exports of oil by law. Now shipments of U.S. crude into Europe have just hit a new record. January imports were 630,000 barrels per day, still - behind Russia and Iraq but above other OPEC producers including Nigeria and Libya. Higher U.S. crude exports have been helped by lower supplies of Iranian and Venezuelan crude, which Washington has put under sanctions, scaring buyers across the world. In the whole...
  • Dems Have Proven That Trump Is The Adult In The Room

    02/10/2019 7:41:59 PM PST · by Rummyfan · 10 replies
    Victory Girls ^ | 10 Feb 2019 | Toni williams
    How many times have we heard a politician, opinion blatherskite, news reader or random friend say that “so and so leaving” means that there is no longer an adult in the room with President Donald J. Trump. In the last week or so, that has been blown out of the water. We, those of us with common sense, knew it was never true. Dems have proven now that Trump “IS” the adult in the room. Nancy Pelosi was proud of how her charges behaved. And, the left says that Nancy is the adult in the room: Nancy Pelosi Nope. Just...
  • Bill would freeze fracking permits during impact study(NM Environuts find way to pluck Golden Goose)

    02/05/2019 10:16:28 AM PST · by CedarDave · 21 replies
    While driving at night through Counselor, on U.S. 550, the horizon takes on a dusky illumination, almost like daylight, said Samuel Sage, a member of the Navajo Nation’s Counselor Chapter House, at a news conference. Bright light flares from natural gas being burned off as part of oil and gas production have become increasingly common in northwestern New Mexico, particularly since 2013 said Sage. Sage was among several environmental advocates who gathered at the state Capitol in support of a bill that, if passed, would create a four-year moratorium on any new state permits for hydraulic fracturing — a type...
  • Enviros not happy with Bernhardt's nomination

    02/05/2019 9:45:41 AM PST · by cowpoke · 13 replies
    THE WESTERNER ^ | 2/4/19 | myself
    “Bernhardt got this nomination as a reward for months of work cramming America’s natural heritage into a wood chipper,” Kieran Suckling, executive director of the Center for Biological Diversity, said in a statement. “He’s already done more damage to our environment than anyone else in Interior Department history. Confirming him as Interior secretary would be a boon to polluters and a colossal disaster for our public lands and endangered species.” Center for Western Priorities' Executive Director Jennifer Rokala called Bernhardt's nomination "an affront to America's parks and public lands." "As an oil and gas lobbyist, Bernhardt pushed to open...
  • Tulsi Gabbard to Join Veterans at Standing Rock to Protest Dakota Access Pipeline

    11/28/2016 8:02:49 PM PST · by ifinnegan · 25 replies
    Observer ^ | 11/28/16 | By Michael Sainato and Chelsea Skojec
    The veterans will be joined by Tulsi Gabbard, the Democratic representative from Hawaii, who has developed a positive reputation among Republicans and Democrats alike. "Next weekend, the congresswoman will be joining thousands of veterans from across the country to stand in solidarity with the Standing Rock Sioux in North Dakota who are protesting the construction of the Dakota Access Pipeline through their tribal lands, with grave concerns about the contamination of their major water source,” Gabbard’s Press Secretary Emily Latimer confirmed in an email to the Observer.
  • Venezuela: European Union nations set to recognize opposition leader Guaido as Maduro deadline

    02/03/2019 10:22:18 AM PST · by george76 · 14 replies
    DW ^ | 03.02.2019
    An eight-day "ultimatum" for Venezuela's President Maduro to call fresh elections is set to expire in hours. Several EU nations are preparing to recognize Juan Guaido as interim leader, but Maduro remains defiant. Venezuela's President Nicolas Maduro faces massive pressure to call for new elections before midnight on Sunday. Germany, France, Britain, Spain, Portugal, the Netherlands and Belgium have said they will recognize opposition leader Juan Guaido as president if Maduro fails to announce a second vote before the eight-day ultimatum expires. France's European affairs minister, Nathalie Loiseau, told LCI television on Sunday that "if by tonight [President] Maduro does...
  • Gas is getting more and more expensive. California lawmakers demand an investigation

    01/30/2019 10:42:52 PM PST · by lowbridge · 51 replies
    sacebee.com ^ | January 30, 2019 | BRYAN ANDERSON
    California has the second highest fuel costs in the nation, with gas prices only rising in recent years. A committee working on behalf of the California Energy Commission discovered an “unexplained surcharge” in September 2017 costing Californians over $17 billion since February 2015, or $1,700 for a family of four. Now, nearly a year and a half later, lawmakers are taking notice. Nineteen Democrats sent a letter to Attorney General Xavier Becerra earlier this week asking him to lead an investigation. “There is a surcharge that began showing up between refineries and our gas tanks in the distribution and retailing...
  • In Venezuela, Russia risks losing an ally and billions

    01/30/2019 3:04:39 PM PST · by CondoleezzaProtege · 9 replies
    Russian President Vladimir Putin spent years building up an alliance with Venezuela's late populist leader Hugo Chavez and his successor Maduro, often playing host to the two in Moscow. As pressure has built on Maduro from self-proclaimed acting president Juan Guaido and his Western allies, Russia has stood firm behind its man in Caracas. Foreign Minister Sergei Lavrov on Tuesday vowed Moscow would "do everything" to protect its ally. Behind this support, analysts say, is an understanding that if it loses Venezuela, Moscow will have few allies to speak of in Latin America. "Venezuela is practically the last thing that...
  • Top Saudi official: Barack Obama lied, set Middle East back 20 years

    01/29/2019 6:30:23 PM PST · by Kaslin · 47 replies
    The Jerusalem Post ^ | January 28, 2019 | Jerusalem Post staff
    Former US president Barack Obama lied to Saudi Arabia when violating the redlines he famously declared regarding Syria’s use of chemical weapons and then not acting when they were used, a former senior Saudi official said in an interview with Independent Arabia. Bandar bin Sultan served for years as head of Saudi intelligence as well as the Saudi ambassador to the United States. In the interview, he recalled a last phone call between the late Saudi King Abdullah and Obama, during which the Saudi leader told the US president: “I did not expect that [after] this long life, I would...
  • CNOOC Makes Major New Oil Discovery in North Sea Off Scotland

    01/29/2019 6:30:41 PM PST · by artichokegrower · 9 replies
    gCaptain ^ | January 29, 2019 | gCaptain
    China state oil company CNOOC on Tuesday announced a major new oil discovery at the Glengorm prospect in the U.K. sector of the North Sea.
  • Trump Looks To Neutralize Pipeline Opponents

    01/28/2019 4:15:51 PM PST · by bananaman22 · 4 replies
    Oilprice.com ^ | 01-28-2019 | Irina
    The White House is preparing measures that will reduce states’ powers over the approval or ban of new energy projects, notably oil and gas pipelines, Bloomberg reported last week, citing three unnamed sources in the know. The implications of such measures would be bad news for a state such as New York, which has already put the brakes on a natural gas pipeline, but they could be good news for consumers. Last week, FreightWaves.com reported that residents of the Northeastern states are being increasingly burdened by high electricity bills coupled with unreliable supplies, the root cause of which is the...
  • Treasury sanctions Venezuela state-owned oil firm in bid to transfer control to Maduro opposition

    01/28/2019 12:48:37 PM PST · by DCBryan1 · 15 replies
    CNBC ^ | 28 JAN 19 | Tom DiChristopher | @tdichristopher
    The Trump administration will sanction Venezuela's state-owned oil firm, Petroleos de Venezuela, a move the White House has long put off for fear that it would raise oil prices and hurt American refiners. The move comes after a turbulent week for Venezuela that has created a standoff over the country's leadership. Last week, the opposition leader of Venezuela's National Assembly, Juan Guaido, named himself interim president amid street protests. President Donald Trump soon recognized Guaido as the nation's leader and his administration has been marshaling international support for the opposition figure since then. However, socialist dictator Nicolas Maduro, having recently...
  • Prediction 2019 (a little late, and a total freakin' vanity)

    01/27/2019 6:08:57 PM PST · by SunkenCiv · 50 replies
    various | January 1st, 2019, Belated Happy New Year! | various
    Pretty much any subject, stupid humor is fine, general stupidity not so much, and please no snarking, that's directed at you snarky SOBs. Someone used to do a thread like this every year, but, alas, he got banned. The good news (for me, anyway) is I just noticed that a really big butthole (not the same FReeper) got banned for NeverTrumping back in 2016, and I hadn't missed the ******* at all. That got me thinking, because the predictions thread guy also got booted for NeverTrumpism, if memory serves (not sure, I think I'd already been kicked out for something...
  • Why Goldman Just Drastically Slashed Its Oil Price Prediction

    01/07/2019 7:36:43 AM PST · by bananaman22 · 8 replies
    Oilprice.com ^ | 01-07-2019 | Irina
    Goldman Sachs reduced its outlook for oil prices this year citing abundant supply, Bloomberg reports, quoting a note to clients. The investment bank’s analysts now expect Brent crude to average US$62.50 a barrel this year, down from an earlier projection of US$70 a barrel. West Texas Intermediate, according to Goldman Sachs, will average US$55.50 a barrel, compared with an earlier estimate of US$64.50 a barrel. The price outlook revision was motivated by expectations of another glut despite the OPEC+ production cuts aimed at removing 1.2 million bpd from the global market and continued growth in U.S. shale oil production, as...
  • Gasoline Overproduction Leads To Negative Margins

    01/25/2019 10:20:01 AM PST · by bananaman22 · 12 replies
    Oilprice.com ^ | 01-25-2019 | Irina
    Excess supply of gasoline coupled with slow demand has pressured refiners margins, Reuters reports, noting refining margins for the fuel in the United States sank to US$45.70 a barrel yesterday. The drop follows the fourth weekly increase in gasoline inventories in the U.S., all of them quite hefty, leading to an all-time high of gasoline supplies, at 259.6 million barrels as of January 18. Over the last four weeks, the Energy Information Administration reported gasoline inventory builds reaching a combined 26.6 million barrels. However, the United States is not the only large gasoline hub where inventories are rising as demand...