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Keyword: energy

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  • The Possible Reasons Big Corporations Are So Eager for Trump to Break His Promise on Paris

    05/29/2017 12:19:10 PM PDT · by Tolerance Sucks Rocks · 21 replies
    The Daily Signal ^ | May 26, 2017 | Fred Lucas
    European countries and major corporations are pressuring President Donald Trump to remain in the Paris climate agreement despite his promises on the campaign trail to withdraw the United States from the Obama-era deal that never gained congressional approval.The Trump administration so far is sticking with being undecided—at least until Trump returns to the United States from his first foreign trip, where on Friday, he’s meeting with Group of Seven ally countries, which support the agreement.Back home, the pressure is growing from multinational corporations, even the energy sector, which have opposed stricter limitations on carbon.Exxon Mobil Corp., once run by Trump’s...
  • THE GREAT U.S. ENERGY DEBT WALL: Its Going To Get Very Ugly.

    05/29/2017 10:54:35 AM PDT · by Lorianne · 34 replies
    Srsrocco Report ^ | 27 May 2017
    While the U.S. oil and gas industry struggles to stay alive as it produces energy at low prices, theres another huge problem just waiting around the corner. Yes, its true the worst is yet to come for an industry that was supposed to make the United States, energy independent. So, grab your popcorn and watch as the U.S. oil and gas industry gets ready to hit the GREAT ENERGY DEBT WALL. So, what is this Debt Wall? Its the ever-increasing amount of debt that the U.S. oil and gas industry will need to pay back each year. Unfortunately, many misguided...
  • (PIRI) Calls for New White House Policy: Unfair Trade Endangers U.S. Oil Industry Too

    05/27/2017 10:34:20 PM PDT · by brownwill6767 · 16 replies
    Business Wire ^ | 5/18/17 | The Panhandle Import Reduction Initiative
    AMARILLO, Texas--(BUSINESS WIRE)--In a letter directed to the President of the United States and received by the White House, the founders of (PIRI), the Panhandle Import Reduction Initiative representing thousands of independent small producers of oil in the Southwest United States wrote, We call upon President Donald J. Trump for a second Presidential Memorandum to order the Secretary of Commerce, to establish the crude oil industry as a Core industry to be added to steel, aluminum, vehicles, aircraft, shipbuilding and semiconductors. Crude oil should be recognized as one of the critical elements of US manufacturing and defense industrial bases, which...
  • Texas Panhandle group calls on Trump to change oil trade practices

    05/27/2017 10:33:57 PM PDT · by brownwill6767 · 4 replies
    The Amarillo Globe-News ^ | 5/21/17 | LISA LAMB
    The Panhandle Import Reduction Initiative group recently sent a letter to the White House calling on President Donald Trump and his administration to recognize and correct what it says are unfair trade policies impacting the U.S. oil and gas industry.
  • Gary Cohn Relaunches War on Coal: Fuel from Americas Heartland Doesnt Make Much Sense Anymore

    05/27/2017 2:23:31 AM PDT · by Altura Ct. · 78 replies
    Breitbart ^ | 5/26/2017
    White House National Economic Council director Gary Cohn, a former Goldman Sachs banking executive, has reopened the U.S. governments war on coal in direct contravention of directions from President Donald Trump. Coal doesnt even make that much sense anymore as a feedstock, Cohn said in Europe on Air Force One, while speaking for the White House to the press, the New York Times Brad Plumer noted. Natural gas, which we have become an abundant producer, which were going to become a major exporter is, is such a cleaner fuel, Cohn continued. Cohns comments against the coal industry come as he...
  • OPEC, non-OPEC extend oil output cut by nine months to fight glut

    05/25/2017 7:26:44 PM PDT · by Lorianne · 7 replies
    Reuters ^ | 25 May 2017 | Alex Lawler, Rania El Gamal and Ernest Scheyder
    OPEC and non-members led by Russia decided on Thursday to extend cuts in oil output by nine months to March 2018 as they battle a global glut of crude after seeing prices halve and revenues drop sharply in the past three years. Oil prices dropped more than 4 percent as the market had been hoping oil producers could reach a last-minute deal to deepen the cuts or extend them further, until mid-2018. [O/R] OPEC's cuts have helped to push oil back above $50 a barrel this year, giving a fiscal boost to producers, many of which rely heavily on energy...
  • The energy expansions of evolution

    05/20/2017 10:29:40 PM PDT · by LibWhacker · 33 replies
    Nature ^ | April 28, 2017 | Olivia P. Judson
    AbstractAbstract The history of the life–Earth system can be divided into five ‘energetic’ epochs, each featuring the evolution of life forms that can exploit a new source of energy. These sources are: geochemical energy, sunlight, oxygen, flesh and fire. The first two were present at the start, but oxygen, flesh and fire are all consequences of evolutionary events. Since no category of energy source has disappeared, this has, over time, resulted in an expanding realm of the sources of energy available to living organisms and a concomitant increase in the diversity and complexity of ecosystems. These energy expansions have...
  • Oil industry to get $235 million government loan to help clean up abandoned wells (Canada)

    05/19/2017 6:14:00 PM PDT · by Lorianne · 2 replies
    Financial Post ^ | 18 May 2017 | Ethan Lou
    The oil industry in Canadas resource-rich Alberta will be on the hook for a $235 million government loan to clean up a rising number of oil wells abandoned by owners who have gone bankrupt, the province said on Thursday. The loan, repayable over 10 years, will go to the government-run, industry-funded Orphan Well Association (OWA), which cleans up wells for which no party is legally responsible, Alberta Premier Rachel Notley said at a news conference. The number of so-called orphan wells in Canada spiked after the 2014 oil price crash as layoffs swept the oil patch and companies went bankrupt....
  • All fossil-fuel vehicles will vanish in 8 years

    05/19/2017 6:18:20 PM PDT · by Lorianne · 117 replies
    Financial Post ^ | 16 May 2017 | Ambrose Evans-Pritchard
    No more petrol or diesel cars, buses, or trucks will be sold anywhere in the world within eight years. The entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry as we have known it for a century. This is the futuristic forecast by Stanford University economist Tony Seba. His report, with the deceptively bland title Rethinking Transportation 2020-2030, has gone viral in green circles and is causing spasms of anxiety in the established industries. Sebas premise is that people will stop driving altogether. They will switch...
  • Saudis Own The Largest Refinery In The U.S. Now What?

    05/14/2017 6:51:31 PM PDT · by Lorianne · 9 replies
    Port Arthur, TX is home to the U.S. refining fleets crown jewel. With an atmospheric distillation capacity of 603 MBbl/cd, this complex coking refinery is the largest refinery in the U.S. As of May 1st, this marvel of a complex refinery is now 100 percent owned by Saudi Aramco. Saudi Aramco upped its 50 percent ownership in the Port Arthur refinery, which it previously held through the Motiva Enterprises JV with partner Royal Dutch Shell following the decision to disband the JV in early 2016. Along with the giant refinery, Saudi Aramco also acquired ownership of a number of distribution...
  • Heres Why Youll Pay Higher Gas Prices Whatever The Market

    05/14/2017 6:48:44 PM PDT · by Lorianne · 15 replies
    Oil Price ^ | 12 May 2017 | Irina Slav
    The average gasoline tax in the U.S. is 49.5 cents per gallon, according to data from the American Petroleum Institute. Thats not too bad as far as averages go, but it has been climbing over the last five years and it will continue rising as states lose hope that the federal government will chip in for infrastructure construction and maintenance, and transportation. Washington has been wary of raising the federal fuel tax. So wary, in fact, that the last time it adjusted the rate was more than two decades ago. Meanwhile, international oil prices have been jumping up and down,...
  • Wind turbines are neither clean nor green and they provide zero global energy

    05/12/2017 12:19:49 PM PDT · by all the best · 38 replies
    The Spectator ^ | May 13, 2017 | Matt Ridley
    The Global Wind Energy Council recently released its latest report, excitedly boasting that the proliferation of wind energy into the global power market continues at a furious pace, after it was revealed that more than 54 gigawatts of clean renewable wind power was installed across the global market last year. You may have got the impression from announcements like that, and from the obligatory pictures of wind turbines in any BBC story or airport advert about energy, that wind power is making a big contribution to world energy today. You would be wrong. Its contribution is still, after decades ...
  • DELINGPOLE: DONALD TRUMP IS SO RIGHT TO WAGE WAR ON WIND FARMS

    05/12/2017 7:49:32 AM PDT · by rktman · 29 replies
    breitbart.com ^ | 12 May 2017 | BY JAMES DELINGPOLE
    Donald Trump is not a fan of wind turbines, as he has hinted occasionally on Twitter. Not only are wind farms disgusting looking, but even worse they are bad for peoples health http://t.co/2G8YrOUZ (cont) http://t.co/NujHgnXU Donald J. Trump (@realDonaldTrump) April 23, 2012 Wind farms are killing many thousands of birds. They make hunters look like nice people! Donald J. Trump (@realDonaldTrump) August 16, 2012 Its Friday. How many bald eagles did wind turbines kill today? They are an environmental & aesthetic disaster. Donald J. Trump (@realDonaldTrump) August 24, 2012 But theres a very powerful lobby which would...
  • Senate rejects repeal of Obama drilling rule

    05/10/2017 12:24:28 PM PDT · by fision · 104 replies
    Three Republicans joined Senate Democratson Wednesdayto reject an effort to overturn an Obama administration rule limiting methane emissions from oil and natural gas drilling. Only 49 senators voted to move forward with debate on legislation to undo the Bureau of Land Management (BLM) rule, short of the 51 votes needed. Republican Sens. Lindsey Graham (S.C.), Susan Collins (Maine) and John McCain (Ariz.) joined all 48 members of the Democratic caucus in rejecting the resolution under the Congressional Review Act (CRA).
  • Tax Subsidies For Renewables Now Far Outpaces Fossil Fuels

    05/10/2017 7:49:26 AM PDT · by Lorianne · 13 replies
    Real Clear Energy ^ | 28 April 2017 | Rep. Lamar Smith
    The federal government has a long history of meddling in the U.S. energy market. For almost 100 years, the government has provided tax incentives, subsidies, federal electricity programs, loans, loan guarantees, and funding for research and development to promote the efficient use and production of domestic energy resources. Since the early 1900s, the federal governments primary intervention was through tax incentives to the oil and gas industry that were intended to increase production of domestic oil and gas. But with the passage of the Energy Policy Act of 2005, federal incentives for energy production shifted heavily towards renewable energy and...
  • Will Russiagate Become Obamagate? (Good stuff by former CIA officer)

    04/13/2017 9:26:49 AM PDT · by RoosterRedux · 25 replies
    Russiagates latest celebrity is a former Donald Trump associate named Carter Page. Page, who worked for Merrill Lynch in Moscow and speaks Russian, is a banker and investor who early in 2016 was a part of the amorphous group that was advising Trump on foreign policy. There is no evidence to suggest that he was ever an insider with the Trump campaignquite the contrary. The Washington Post reports that he made several efforts to meet directly with Donald Trump but that his entreaties were rejected. So why the fuss? Page appears to have been a target of Russian intelligence for...
  • FBI Obtained Warrant to Monitor Trump Advisor

    04/12/2017 8:07:02 AM PDT · by Epoch Times · 11 replies
    Epoch Times ^ | April 12, 2017 | Joshua Philipp
    The FBI had obtained a secret court order to monitor communications of Carter Page, Washington Post reported on April 11. Page was allegedly a foreign policy advisor to the Trump campaign, although Trumps team denies his role. Page is an oil industry consultant and founder of Global Energy Capital, a New York investment fund specializing in oil and gas industries in Central Asia and Russia, and his business deals with Russian oil companies Gazprom and Rosneft have been used to accuse the Trump campaign of dealings with Russia. The news of the wiretap also adds evidence to the ongoing investigation...
  • Tesla goes mega on gigafactories hype

    05/05/2017 11:09:02 AM PDT · by Ernest_at_the_Beach · 21 replies
    Fudzilla ^ | 02 May 2017 | by Jon Worrel
    Starting with US, with expected transition to Europe In a TED talk published a few days ago, Tesla CEO Elon "it's coming sonn" Musk said that in addition to the lithium-ion battery factory or Gigafactory under construction in Nevada, the compan will announce locations for up to four more "gigafactories" later this year. Teslas first lithium-ion battery production factory began construction in Reno, Nevada in the summer of 2014 after Panasonic reached a basic agreement with Tesla to invest in a factory estimated at $5 billion. Panasonic would lead the battery cell portion of the manufacturing, while...
  • Discovery from IBM could enable more efficient oil extraction from existing wells

    05/04/2017 2:16:57 PM PDT · by Red Badger · 11 replies
    phys.org ^ | May 4, 2017 | by Chris Nay
    IBM scientists recently discovered that a drop of oil doesn't look like a drop at all if it is small, to the scale of one billionth of a billionth of a liter, or attoliter. Rather, a nanoscale oil droplet looks more like a flat film against a solid surface. This discovery reveals that the simulation tools and techniques commonly employed by the oil industry do not take into account the increased energy required to extract these oil molecules. And it results in 60 percent or more of a well's oil being left behind, for example, in the nanoscale capillaries of...
  • Oil Prices Crash To Pre-OPEC Deal Levels

    05/04/2017 9:09:00 AM PDT · by bananaman22 · 31 replies
    Oilprice.com ^ | 04-05-2017 | Para
    Oil prices dropped on Thursday to their lowest level since last November, with Brent breaking below $50, amid concerns of rising global supply and still high inventories. At 11:22am EDT, WTI Crude was trading down 2.82 percent at $46.47, while Brent was down 2.62 percent at $49.46 -- with both WTI and Brent having effectively wiped out all the price gains since OPEC announced on 30 November 2016 the output cut deal aimed at reducing oversupply and propping up prices. On Wednesday, a day after the American Petroleum Institute (API) injected a bit of optimism among traders by reporting a...