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Keyword: fracking

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  • Crude Swap with Mexico – The Heavy and The Light

    09/02/2015 9:52:19 AM PDT · by thackney · 10 replies
    drilling info ^ | September 1, 2015 | Eric Roach
    On August 14 the Obama Administration announced that the Commerce Department would approve applications to export up to 100,000 barrels of light crude per day to Mexico in a swap arrangement for an equivalent volume of heavy crude from Mexico. This type of export has previously been available between The US and Canada, and perhaps indicates willingness to eventually repeal the crude export ban. Here’s a quick little recap and analysis of the situation. WHY IS THIS A BIG DEAL? After the 1975 oil shock, The United States banned the export of crude oil in order to stabilize the price....
  • Why Did Oil Prices Just Jump By 27 Percent In 3 Days?

    09/02/2015 9:28:45 AM PDT · by bananaman22 · 13 replies
    Oilprice.com ^ | 02-09-2015 | volatile
    Oil prices have posted their strongest rally in years, jumping an astounding 27 percent in the last three trading days of August. While much of the recent price movement defies reason and is enormously magnified by speculative movements by traders to take and cover their bets on oil, still, there were a series of rumors, events, and fresh data that helped contribute to the spike. For example, on August 31, the oil markets woke up to the news that Russian President Vladimir Putin will meet his counterpart from Venezuela to discuss “possible mutual steps” to stabilize oil prices. The meeting...
  • Venezuela Says China to Give $5 Billion Oil Loan

    09/02/2015 4:58:55 AM PDT · by thackney · 10 replies
    Wall Street Journal ^ | Sept. 1, 2015 | Associated Press
    Venezuela’s government, facing a cash crunch amid a slump in oil prices, signed a deal to receive a $5 billion loan from China, President Nicolás Maduro said Tuesday. The funds will go to increase oil production in Venezuela in the coming months, Mr. Maduro said without offering more details during an address from China that was broadcast on Venezuelan state television. Support from Beijing—which also renewed a separate $5 billion loan to Venezuela earlier this year—may offer some relief to bond markets, where Venezuela’s debt securities are rated among the world’s riskiest. Wall Street analysts say the country could default...
  • Saudi Arabia refuses to bow to pressure to cut oil production

    09/02/2015 4:48:02 AM PDT · by thackney · 5 replies
    Market Watch ^ | Sept 1, 2015 | Myra P. Saefong
    Market share continues to be Saudi Arabia’s main concern—and not even $40 oil prices will make it give into peer pressure to cut production. Major oil producers have been trying to convince Saudi Arabia, the Organization of the Petroleum Exporting Countries’ biggest producer, to take the lead and cut production to stem the price declines. But output from the nation instead climbed to about 10.45 million barrels a day in July from 10.1 million in April, according to an estimate from Platts, even though West Texas Intermediate and Brent oil prices are down roughly 15% year to date on the...
  • Crude oil prices dive 7%

    09/01/2015 10:16:59 AM PDT · by thackney · 23 replies
    September 1, 2015 | Matt Egan and Chris Isidore
    A 7% dive to $45 a barrel comes after prices soared higher to close Monday above $49 a barrel -- a nearly 30% rise in three days. Just a week ago, oil plummeted below $38 a barrel for the first time since 2009. The drop in prices Tuesday following the Chinese factory report seemed to make more sense than the rapid rebound. Concerns about a slowdown in Chinese economic growth has been one of the factors driving prices lower. Concerns in markets about a supply glut may have been eased a bit on Monday with a new government report that...
  • The World’s First Clean Oil Sands Project: An Interview With Dr. Gerald Bailey

    09/01/2015 9:29:52 AM PDT · by bananaman22 · 1 replies
    Oilprice.com ^ | 09-01-2015 | sjiek
    fter decades of exhaustive attempts to overcome the dirty reputation of oil sands, we finally have an environmentally-friendly and low cost method to tap into these vast resources in the state of Utah—good news both for Mother Nature and all oil and gas investors. MCW Energy Group’s CEO, former Exxon President of the Arabian Gulf region, Dr. R. Gerald Bailey, tells Oilprice.com in an exclusive interview that his hunt for an innovative technology that simultaneously makes money and cleans up the environment is over. The race to capitalize on Utah’s vast oil sands resources is on, and only the ‘clean’—both...
  • Massive Gas Find a Boon for Egypt, Salve for Energy Crisis

    08/31/2015 11:32:16 AM PDT · by Citizen Zed · 3 replies
    abc news ^ | 8-31-2015 | associated press
    The new "supergiant" offshore field revealed a day earlier by Italy's Eni SpA and billed as the "largest-ever" found in the Mediterranean Sea could alleviate the Arab world's most populous nation's need for gas imports, they said. The latest discovery represents about half of Egypt's current gas needs, and will cut its trade deficit and help bring in tax revenue when it comes online in some five years, said Angus Blair of investment advisory firm Signet. "It's a very useful positive economic factor in Egypt," he said. "Obviously it will help President (Abdel-Fattah) el-Sissi and the government, but to look...
  • Business Insider: The Latest Oil Price Crash has ‘Everyone on Pins and Needles’ in Texas

    08/31/2015 8:32:28 AM PDT · by E. Pluribus Unum · 18 replies
    Breitbart ^ | 08/31/2015 | Breitbart Texas
    Editor’s Note: This story by Miles Udland first appeared online on BusinessInsider.com. We reprint in part here.Manufacturing activity in Texas collapsed in August. And the fear is all about oil.The latest manufacturing index from the Dallas Fed came in at -15.8, way below expectations.
  • Solyndra autopsy: Did Inspector General go too easy on Department of Energy?

    08/31/2015 7:36:55 AM PDT · by george76 · 5 replies
    Watchdog ^ | August 31, 2015 | Rob Nikolewski
    An Inspector General of the Department of Energy report that picked over the bones of the Solyndra green energy fiasco placed most of the blame on Solyndra executives for losing more than $500 million in taxpayer money. But a close reading shows DOE made plenty of mistakes as well. The report authored by DOE Inspector General Gregory H. Friedman came just short of calling Solyndra’s highest officials liars, saying their actions during the loan process were “at best, reckless and irresponsible or, at worst, an orchestrated effort to knowingly and intentionally deceive and mislead the Department.” While the 13-page report...
  • Oil, America’s inexhaustible resource Welcome to the age of energy abundance

    08/31/2015 6:52:10 AM PDT · by bestintxas · 24 replies
    wash times ^ | 8/31/15 | s moore
    “The United States of America cannot afford to bet our long-term prosperity, our long-term security on a resource that will eventually run out, and even before it runs out will get more expensive to extract from the ground. — Barack Obama, 2011. In August 1859 on the eve of the Civil War, Col. Edwin Laurentine Drake completed the first commercial oil well in the United States on Oil Creek just outside of Titusville, Pa. Over the next century and a half, oil and gas companies have extracted tens of billions of barrels of oil from the ground from California to...
  • Oil exports could lower gas prices, federal study says

    09/02/2015 4:56:44 AM PDT · by thackney · 22 replies
    The Washington Times ^ | September 1, 2015 | Ben Wolfgang
    The Obama administration confirmed Tuesday that ending the nation’s 40-year-old ban on crude oil exports will not drive up domestic gasoline prices and could even save consumers money at the pump. Tuesday’s report from the Energy Information Administration puts even more pressure on Mr. Obama, who so far has been reluctant to reverse the export ban and allow oil and gas companies to sell fuel abroad. The White House last month did approve limited crude oil sales to Mexico, but critics say the president should go much further and allow the U.S. energy industry — which has revitalized economies across...
  • Oil, America's Inexhaustible Resource

    09/01/2015 7:06:58 AM PDT · by Kaslin · 11 replies
    Townhall.com ^ | September 1, 2015 | Stephen Moore
    "The United States of America cannot afford to bet our long-term prosperity, our long-term security on a resource that will eventually run out, and even before it runs out will get more and more expensive to extract from the ground." -- Barack Obama, 2011. In August 1859 on the eve of the Civil War, Col. Edwin Laurentine Drake completed the first commercial oil well in the United States on Oil Creek just outside of Titusville, Pa. Over the next century and a half, oil and gas companies have extracted tens of billions of barrels of oil from the ground...
  • Canadian Oil Sands Halts Crude Production at Oil-Sands Giant Syncrude {Fire}

    08/31/2015 5:33:50 AM PDT · by thackney · 5 replies
    Wall Street Journal ^ | Aug. 31, 2015 | CHESTER DAWSON
    Canadian Oil Sands Ltd., the largest owner of the giant Syncrude oil-sands project, said on Sunday that it has halted production after a fire damaged equipment at its synthetic crude oil processing facility in northern Alberta. The company said the fire, which occurred early Saturday and was extinguished without any injuries, affected pipes connected to a water treatment unit at Syncrude’s heavy oil upgrader on the site of its Mildred Lake oil-sands surface mine. The cause of the blaze is under investigation, it said. While the upgrader’s core machinery wasn’t damaged and the strip mine continues to operate, Canadian Oil...
  • Russia Claims North Pole for Itself, Plants Titanium Russian Flag on Floor of Arctic Ocean

    09/01/2015 3:57:59 PM PDT · by Libloather · 24 replies
    Free Beacon ^ | 8/05/15 | Morgan Chalfant
    Russia formally staked its claim Tuesday to a large portion of the Arctic Ocean that includes the North Pole, even planting a flag on the floor of the ocean below the area to exercise its control. If the United Nations committee that arbitrates sea boundaries accepts Russia’s claim, the waters will be subject to Moscow’s oversight on economic matters, including fishing and oil and gas drilling, though Russia will not have full sovereignty. Under a 1982 United Nations convention, the Law of the Sea, a nation may claim an exclusive economic zone over the continental shelf abutting its shores. If...
  • Judge blocks Obama EPA rule as federal power grab over state waters

    08/27/2015 2:44:50 PM PDT · by jazusamo · 38 replies
    The Washington Times ^ | August 27, 2015 | James MacPherson - Associated Press
    BISMARCK, N.D. — A federal judge in North Dakota on Thursday blocked a new Obama administration rule that would give the federal government jurisdiction over some state waterways. U.S. District Judge Ralph Erickson of North Dakota issued a temporary injunction against a the rule, which gives the U.S. Environmental Protection Agency and Army Corps of Engineers authority to protect some streams, tributaries and wetlands under the Clean Water Act. The rule was scheduled to take effect Friday. “The risk of irreparable harm to the states is both imminent and likely,” Judge Erickson said in blocking the rule from taking effect....
  • Egypt turns to Russia to combat terrorism

    08/26/2015 8:01:16 PM PDT · by Navy Patriot · 71 replies
    Yahoo News ^ | August 26,2015 | AP
    Russian President Vladimir Putin and Egyptian President Abdel-Fattah el-Sissi on Wednesday called for a coalition to combat terrorism in the Middle East. Opening a meeting with Putin in Moscow, el-Sissi said "the Egyptian people" are hoping for broader ties with Russia in all areas, particularly in fighting terrorism in the Middle East. El-Sissi's Russian visit, his second in the past three months, highlights Moscow's attempts to expand its influence in Egypt at a time when Egyptian-U.S. relations have soured in the aftermath of the ouster of Islamist President Mohammed Morsi.
  • Oil’s Down, Gasoline Isn’t — What’s Up With That?

    A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60-ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and below—yet, prices at the pump are just slightly less than they were when oil was almost double what it is today. Oil and gasoline prices usually travel up or down in sync. But a few weeks ago the trend lines crossed and oil continued the sharp decline while gasoline...
  • Mankind threatened by global cooling, not warming

    08/25/2015 7:54:08 AM PDT · by rktman · 37 replies
    wnd.com ^ | 8/25/2015 | Bob Unruh
    As the Obama administration creates policy based on the premise that the planet is warming, more and more scientists are concluding the real danger is global cooling. One recently painted this scenario: Food shortages from crop failures brought on by cold weather during the summers will produce civil unrest, as in “huge civil unrest.” “There’s no question of will it occur … but exactly when,” said David Dilley, a former NOAA meteorologist and the current senior research scientist at Global Weather Oscillations. He gave a presentation recently on “Mind Your Own Business TV” with Debi Davis.
  • The week that was: George Soros and Tom Steyer take their lumps

    08/22/2015 3:30:10 PM PDT · by Twotone · 6 replies
    California Watchdog ^ | Aug. 21, 2015 | Rob Nikolewski
    It’s been a bad week for billionaires and climate change activists Tom Steyer and George Soros. Soros is being labeled a hypocrite for making a $2 million investment in coal while Steyer is catching flak after an investigation by Associated Press revealed that a California proposition Steyer backed in 2012 has not translated into the green energy generation and jobs that were promised.
  • Islamic Leaders Want A Jihad Against Global Warming

    08/22/2015 12:49:46 PM PDT · by aquila48 · 18 replies
    Daily Caller ^ | 08/20/2015 | Michael Bastasch
    A group of influential Muslims is calling on others of their faith to wage a jihad on global warming, and is calling on Islamic governments to reduce their use of fossil fuels ahead of the United Nations climate summit in Paris this year. “Excessive pollution from fossil fuels threatens to destroy the gifts bestowed on us by God, whom we know as Allah – gifts such as a functioning climate, healthy air to breathe, regular seasons, and living oceans,” wrote Islamic leaders from 20 countries after attending a summit in Istanbul, Turkey. “We are driven to conclude from these warnings...
  • Non-Interventionism is America’s Best Policy

    08/22/2015 11:35:28 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | August 22, 2015 | Paige Lewis
    Americans do well with moderation. It is in our national DNA. It is also a by-product of the freedom of expression and allowing different perspectives in the public forum. In foreign policy, non-interventionism is the moderate stance, and it has served Americans well in her four hundred or so years. As British subjects, American colonists were compelled to fight for the British crown, until they felt compelled to defend themselves against the king’s army. After centuries of European conflicts dragging Americans into war, national independence yielded a non-interventionist foreign policy for the infant nation. George Washington advised in his farewell...
  • Next Texas Energy Boom: Solar.Companies are spending $1 billion on new projects

    08/21/2015 6:39:09 AM PDT · by bestintxas · 24 replies
    wsj ^ | 8/21/15 | r gold
    A new energy boom is taking shape in the oil fields of west Texas, but it’s not what you think. It’s solar. Solar power has gotten so cheap to produce—and so competitively priced in the electricity market—that it is taking hold even in a state that, unlike California, doesn’t offer incentives to utilities to buy or build sun-powered generation. Pecos County, about halfway between San Antonio and El Paso and on the southern edge of the prolific Permian Basin oil field, could soon host to several large solar-energy farms responsible for about $1 billion in investments, according to state tax...
  • Oil falls near $39 per barrel

    08/21/2015 10:14:04 AM PDT · by thackney · 37 replies
    Fuel Fix ^ | August 21, 2015 | Robert Grattan
    U.S. oil fell closer to $39 per barrel on Friday, as traders continued a rout that is likely to hand the next-month contract its longest string of consecutive weekly losses since the bust of 1986. Fears that China’s economy may be sputtering and signals that global production is on the rise have driven oil lower for the past seven weeks, and barring a large recovery Friday, soon to be eight weeks. Those concerns combined once more on Friday as an early economic indicator in China came in at a six-year low. “(China’s) stock market problems, their currency problems, all these...
  • Russian ruble hits 75 to the euro as slide worsens

    08/21/2015 1:00:14 AM PDT · by elhombrelibre · 22 replies
    AFP ^ | 20 Aug 15 | Unknown
    Moscow (AFP) - Russia's battered ruble fell Thursday on the back of weaker oil prices to more than 75 to the euro for the first time in over six months, deepening its recent decline. The ruble also tumbled against the dollar to near 67.44, its weakest against the greenback since February. Russia's currency has fallen more than 20 percent against the dollar in the past two months, sparking fears of more instability after a period of relative recovery. Russia's economy has slumped into recession amid lower oil prices and Western sanctions over the Ukraine crisis.
  • Climatologist: We Have a ‘Moral Imperative’ to Burn Fossil Fuels

    08/21/2015 7:14:33 AM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | August 20, 2015 | 4:54 PM EDT | Barbara Hollingsworth
    We have a “moral imperative” to burn carbon dioxide-emitting fossil fuels because the energy they provide is a “liberator” of humanity, says Dr. John Christy, a climatologist and director of the Earth System Science Center at the University of Alabama, Huntsville. “We are not morally bad people for taking carbon and turning it into the energy that offers life to humanity in a world that would otherwise be brutal,” Christy wrote in a recent op-ed. “On the contrary, we are good people for doing so.” He also challenged what he says are contradictions in Pope Francis’ encyclical, Laudato Si, in...
  • In downturn, frackers turn to toilet water in drought-prone Texas

    08/20/2015 11:01:40 PM PDT · by Citizen Zed · 4 replies
    Reuters ^ | 8-21-2015 | Anna Driver
    Pioneer is the first oil and gas company to sign a long-term wastewater supply contract with Odessa, a city of about 110,000 people. The Dallas-based company recently began construction on a pipeline network that will transport the treated water from the city's sewage plant to one of its oilfields about 20 miles away. "The money has been approved," said Stephen McNair, president of Pioneer's water management group. Pioneer's goal is to eliminate the use of fresh water in fracking in 5 to 10 years, said McNair. The municipal reclaimed water the company intends to use comes from sewage plants that...
  • U.S. oil CEO Hamm goes out on a limb, scraps hedges

    11/06/2014 5:24:50 AM PST · by ryan71 · 19 replies
    Reuters ^ | 11/06/2014 | Ernest Scheyder, Jonathan Leff and Jessica Resnick-Ault
    WILLISTON N.D. (Reuters) - Harold Hamm, the chief executive of North Dakota oil producer Continental Resources Inc , has stunned a bearish crude market by scrapping all of the company's hedges - a bold bet that prices will recover soon after sliding some 25 percent. Related Stories [$$] Saudi Oil Price Cut Scrambles Market The Wall Street Journal Saudi price cuts send New York oil prices to 3-year low AFP [$$] Saudi Price Cut Upends Oil Market The Wall Street Journal Gulf oil producers seen riding out price plunge AFP [$$] Occidental Petroleum’s Profit Falls 24% The Wall Street Journal...
  • Lightning Strikes Valero Texas City Refinery, Fire Erupts

    08/20/2015 10:00:59 AM PDT · by thackney · 20 replies
    Oil Pro ^ | 8/20/2015 | Jeff Reed
    Lightning struck an electrical transformer at the Valero refinery in Texas City Thursday morning, causing a fire. Officials with Texas City Office of Emergency Management (OEM) told Houston's ABC affiliate Channel 13 that the lightning strike occurred just before 6:20 am CST this morning. Firefighters on the scene told local media that there is currently oil burning inside of a container at the facility. Derek Duckett, Texas City Emergency Management Coordinator, told the Houston Chronicle that firefighters can't douse the fire with water due to the potential danger from electrical shock. They are now containing the fire to the transformer...
  • Head of EPA Admits Climate Regulations Will Hit Low-Income Minority Families Hardest

    08/20/2015 6:17:16 AM PDT · by AT7Saluki · 13 replies
    Daily Signal ^ | 8/19/15 | Nicolas Loris
    The chief environmental regulator in the United States had some blunt words of reality regarding the administration’s climate change regulations. The Clean Power Plan that will require drastic cuts in 47 states’ carbon dioxide emissions – consequently shifting America’s energy economy away from affordable, reliable coal – will adversely impact poor, minority families the most. When speaking about the higher energy prices caused by the administration’s climate regulations on power plants, Environmental Protection Agency Administrator Gina McCarthy said, “We know that low-income minority communities would be hardest hit.”
  • The Real Winner Of Obama’s ‘War On Coal': George Soros

    08/20/2015 3:54:07 AM PDT · by markomalley · 21 replies
    Daily Caller ^ | 8/19/15 | Michael Bastasch
    The real winner of President Barack Obama’s so-called “war on coal” isn’t the EPA, nor is it the natural gas industry. It’s liberal billionaire George Soros.Last week, Obama’s EPA announced sweeping regulations for U.S. power plants, forcing them to drastically reduce carbon dioxide emissions 32 percent by 2030. The news sent shockwaves through the coal industry, sending stocks tumbling and forcing the industry’s two biggest players to consider bankruptcy filings.That’s where liberal billionaire Soros steps in. In the days after the Clean Power Plan was announced, Soros bought more than 1 million shares of Peabody Energy and 553,200 shares of...
  • Robert Menedez floats ‘strategic’ crude exports

    08/20/2015 7:59:36 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | August 19, 2015 | Jennifer A. Dlouhy
    The United States should consider allowing “strategic” crude exports to allies abroad while renegotiating the nuclear deal with Iran, Sen. Robert Menendez said. The New Jersey Democrat’s comments, part of a speech Tuesday at Seton Hall University to explain his opposition to the agreement, marked a shift in his approach to oil exports. Menendez historically has opposed moves to loosen the longstanding ban on exporting U.S. crude. But on Tuesday, Menendez highlighted oil exports as a geopolitical tool — a way for U.S. oil to compete in markets that might be customers for Iranian crude if the nuclear accord is...
  • Citigroup report: Worries of $33 oil leaving markets “nervy”

    08/20/2015 7:43:09 AM PDT · by thackney · 22 replies
    Fuel Fix ^ | August 19, 2015 | Jordan Blum
    There’s a “conceivable reality” U.S. oil prices may plummet to a new 11-year low of $33 a barrel or lower this year, according to a Citigroup report released Wednesday as oil prices dipped to a six-year low near $40.50 per barrel. The new “How low can oil go?” report contends that capital markets are “getting nervy” and one of the only ways to stop this downward trend is for North American shale companies to lose more access to capital during the next phase of borrowing negotiations in October, called redetermination. In February 2009, closing U.S. oil prices last bottomed out...
  • Oil Goes Down, Bankruptcies Go Up - These 5 Frackers Could Be Next To Fall

    08/19/2015 11:40:38 AM PDT · by Lorianne · 30 replies
    Forbes ^ | 17 August 2015 | Christopher Helman
    With West Texas Intermediate crude now below $42 a barrel, the edifice of America’s oil and gas boom is finally crumbling. The number of companies in bankruptcy or restructuring has increased, and the clouds will only grow darker in the months ahead. Declining revenues, evaporating earnings and shrinking values of oil and gas reserves will put the crunch on oil companies’ ability to refinance loans, let alone borrow new cash or sell shares. Last week two companies showed that having a heroic name is no defense. Hercules Offshore, a Gulf of Mexico drilling contractor, announced it had reached a prepackaged...
  • Obama targets fracking as EPA pushes for methane cuts for oil and gas industry

    08/18/2015 6:25:54 PM PDT · by SeekAndFind · 16 replies
    Japan Times ^ | 08/18/2015
    WASHINGTON – U.S. authorities on Tuesday proposed the first-ever federal regulations to cut the potent greenhouse gas methane by limiting emissions from the oil and gas industry. The four-part proposal by the Environmental Protection Agency is part of President Barack Obama’s Climate Action Plan, aimed at reducing pollution that is hastening human-caused climate change. However, the suggested changes will not, on their own, get the United States to its goal of cutting methane emissions from the oil and gas sector by 40 to 45 percent from 2012 levels by 2025, officials said. “We do project that our proposal will achieve...
  • Oil tech firms see shale resurrection with re-fracking

    08/18/2015 4:55:50 AM PDT · by thackney · 21 replies
    Houston Chronicle ^ | August 15, 2015 | Collin Eaton
    Shale oil producers from West Texas and North Dakota have harvested enough crude to overwhelm the global oil market and force Saudi Arabia's oil cartel to play offense on the world's energy stage. But U.S. producers have recovered only a small fraction of the oil that's trapped in those rocks, and though the oil-market crash has put the nation's energy boom on hold, some oil-technology companies are pursuing what they say will be a second American shale revolution. That belief lies partially in re-fracking - giving oil shale deposits a second blast of water, chemicals and sand - to get...
  • Oil at $30 No Problem for Some Bakken Drillers Cutting Costs

    08/17/2015 3:52:22 PM PDT · by bestintxas · 28 replies
    SA Express News ^ | 8/14/15 | d murtaugh
    The lowest crude prices in six years might not be enough to put the brakes on the U.S. energy renaissance. Some parts of North Dakota’s Bakken shale play are profitable at less than $30 a barrel as companies tap bigger wells and benefit from lower drilling costs, according to a Bloomberg Intelligence analysis. That’s less than half the level of some estimates when the oil rout began last year. The lower bar for profitability is one reason why U.S. oil production has remained near a 40-year high even as crude prices fell more than 50 percent over the past year...
  • In Iowa, Carson calls for phasing out agriculture subsidies in 10 years

    08/16/2015 5:59:34 PM PDT · by markomalley · 40 replies
    Washington Examiner ^ | 8/16/15 | Joseph Lawler
    Ben Carson isn't pandering to voters in Iowa, telling them Sunday that he would phase out agricultural subsidies if elected president. The Republican candidate, however, said that he would allow 10 years for the policy to take effect. "Particularly when you're talking about renewable fuel standards and things, there are a lot of promises that have been made that really extend all the way out to 2022, and people have made plans based on those kind of things," Carson said Sunday. "You can't just pull out the rug out from under people." The reform was just one of several Carson...
  • Riyadh, Moscow to Meet Over ISIS, Syria

    08/09/2015 12:03:40 AM PDT · by SunkenCiv · 4 replies
    Arutz Sheva ^ | August 8, 2015 | Staff, contributions by AFP
    Russian and Saudi officials to meet over Middle East issues -- just after news surfaces of a secret meeting between Russia, Iran. Saudi Foreign Minister Adel al-Jubeir will visit Moscow on Tuesday to discuss Syria conflict and the Islamic State group with his Russian counterpart Sergei Lavrov, the Russian foreign ministry said Saturday. The two ministers last met in Qatar on August 3 when Lavrov, Jubeir and US Secretary of State John Kerry held a three-way meeting, with the situation in Syria topping the agenda. The ministers will continue "a discussion on ways to resolve the crisis in Syria," the...
  • Saudi FM certain contract on Russian Iskander missile supplies will be signed soon

    08/11/2015 5:42:31 AM PDT · by sukhoi-30mki · 9 replies
    TASS ^ | 11 August 2015
    Saudi Arabia is discussing buying Russia’s Iskander tactical missile systems, Saudi Foreign Minister Adel al-Jubeir said after a meeting with his Russian counterpart Sergey Lavrov on Tuesday. "Saudi Arabia is set to intensify relations with Russia in all the spheres, including in the military field," al-Jubeir said. "Intensive contacts are taking place between the military delegations and specialists from both countries and a wide range of intended types of armaments from Russia is being discussed, including Iskander missile systems," the Saudi foreign minister said. In general, the deliveries of Russian armaments are being actively discussed and a contract may be...
  • Hardline To Swallow: Obama's causes are not common to us

    08/16/2015 11:50:58 AM PDT · by Daniel Clark · 6 replies
    The Shinbone: The Frontier of the Free Press ^ | August 16, 2015 | Daniel Clark
    Hardline To Swallow: Obama’s causes are not common to us by Daniel Clark While pitching his Iranian nuclear deal to an audience at American University, President Obama said, “It’s those hardliners chanting ‘death to America’ who have been most opposed to the deal. They’re making common cause with the Republican Caucus.” The controversy that’s arisen over that remark is curious, considering that the president has all along condemned “hardliners” in both countries for criticizing the agreement. In fact, after Arkansas senator Tom Cotton voiced his objections in an open letter back in early March, Obama said, “I think it’s somewhat...
  • Trump: Saudi Arabia 'should pay us'

    08/16/2015 8:37:16 AM PDT · by jimbo123 · 46 replies
    The Hill ^ | 8/16/15 | Mark Hensch
    GOP presidential candidate Donald Trump said on Sunday that Saudi Arabia is not properly compensating America for its diplomatic partnership. Trump called on Riyadh to share its vast wealth with the U.S. in exchange for the alliance between the two nations. “They make a billion dollars a day,” he told host Chuck Todd on NBC’s “Meet the Press.” “Saudi Arabia, if it weren’t for us, they wouldn’t be here,” Trump said. “They wouldn’t exist.” “They should pay us,” he added. “Like it or don’t like it, people have backed Saudi Arabia. What I really mind though is we back it...
  • EPA’s Clean Power Plan Contains Antipoverty Transfer Programs

    08/15/2015 5:44:43 AM PDT · by markomalley · 9 replies
    Washington Free Beacon ^ | 8/14/15 | Ali Meyer
    The Environmental Protection Agency’s (EPA) Clean Power Plan, which aims to reduce carbon pollution, contains an antipoverty transfer program to help offset the harm it does to the poor, a Wall Street Journal editorial explained.According to WSJ, the EPA has stated that they are concerned about low-income communities and wants to ensure that they benefit from the implementation of their regulations.“At the federal level, the EPA is creating a program that gives twice as large a subsidy for renewable and efficiency projects that are built in inner-city neighborhoods and disadvantaged rural areas,” states the article. “There will be job retraining...
  • Barack Obama’s quiet war on oil

    08/14/2015 6:34:53 AM PDT · by C19fan · 13 replies
    Politico ^ | August 14, 2015 | Elana Schor
    President Barack Obama’s enemies have long accused him of waging a “war on coal.” But a very different war on oil and gas is coming next. The newest phase of Obama’s environmental agenda has the oil and natural gas industry in its crosshairs, with plans to curb greenhouse gas pollution from rigs and refineries, tighten oversight of drilling on public lands and impose a strict ozone limit that industry lobbyists slam as “the most expensive regulation ever.”
  • Like Cheap Natural Gas? Obama’s Clean Power Plan Will Regulate It Out of Existence

    08/14/2015 12:17:54 PM PDT · by Kaslin · 12 replies
    Townhall.com ^ | August 14, 2015 | Isaac Orr
    U.S. households are saving hundreds of dollars a year because natural gas prices are low, but that’s about to change. Astudy by NERA Economic Consulting has found new regulations on power plants mandated by the Environmental Protection Agency’s Clean Power Plan (CPP) will increase natural gas prices to 2007 levels, virtually guaranteeing these savings will soon be wiped out. A study by the Brookings Institution found natural gas prices have plummeted as horizontal hydraulic fracturing, also known as horizontal “fracking,” has caused U.S. natural gas production to skyrocket to all-time highs, making the United States the world’s top producer of...
  • Obama’s Progressivism Requires A Zionistrein Democratic Party

    08/14/2015 10:00:44 AM PDT · by fredericbastiat1 · 8 replies
    Benweingarten.com ^ | 2015-10-13 | Ben Weingarten
    The progressive movement that has overtaken the Democratic Party gains its moral authority in a morally relativistic world in part based on its support of the “oppressed” over the “oppressor.” As Joshua Muravchik ably argues in his Making David Into Goliath, in this construct, Israel has morphed into the oppressor, swapping roles with the Muslim countries that have wished to destroy her from the time of her founding. The Leftist-Jihadist nexus of which Andy McCarthy writes, on display from elite college campuses to the president’s cabinet, is perhaps stronger than it has ever been. It believes in punishing the ultimate...
  • Venezuela Says Pushing for OPEC, Russia Action to Stem Oil Fall

    08/12/2015 5:45:21 AM PDT · by thackney · 24 replies
    Rig Zone ^ | August 12, 2015 | Reuters
    Cash-strapped Venezuela is pushing for an emergency OPEC meeting and joint coordination with Russia to stem a tumble in oil prices, President Nicolas Maduro said on Tuesday night. "We're working towards a special OPEC meeting, in coming days we'll announce .... We're making contacts with OPEC governments," Maduro said during an hours-long televised broadcast. "We're evaluating the possibility that a very high ranking OPEC meeting be called, and that in coordination with the Russian Federation, President Vladimir Putin, we can advance in taking a series of actions to defend the oil market in the face of this latest fall," he...
  • Venezuelan Strongman Wants to Seize 2/3 of Neighboring Guyana

    08/08/2015 4:17:24 PM PDT · by GoneSalt · 49 replies
    The New American ^ | 8/7/2015 | Alex Newman
    Apparently all of that “anti-imperialist” rhetoric from Caracas was just a farce for public consumption. As Venezuela’s economy implodes amid skyrocketing inflation and crippling shortages of practically everything, Socialist strongman Nicolás Maduro (shown) has a new plan to prop up his imploding regime: annex two thirds of neighboring Guyana’s territory and almost one third of its population. The area eyed by Maduro’s autocracy is especially noteworthy now that potentially lucrative oil deposits have been discovered offshore. Unsurprisingly, a powerful alliance of the region’s socialist strongmen and their allies has sided with the regime in Venezuela. Talk of war is escalating....
  • Venezuela's embattled president is acting as if he wants to annex 2/3 (Guyana) shortened

    08/10/2015 10:57:33 AM PDT · by Kartographer · 18 replies
    Business Insider ^ | 8/10/15 | Martin De Angelis
    "In defense of the homeland" is President Nicolas Maduro's renewed public speech, reframed in a manner to evoke patriotic emotions and divert the attention from the domestic emergency. Venezuela is suffering an economic meltdown with chronic food shortages and nearly 120% inflation (this year alone) fueling outbreaks of street violence. Companies operating there are facing increased political risks. After days of unrest and turmoil, with mobs looting supermarkets in search for living goods and food in several cities, the government has announced the expropriation of Nestlé distribution warehouses and depots, the country's biggest food company, as well PepsiCo, Cargill, and...
  • Putin does a self-goal by destroying EU-origin food

    08/13/2015 6:16:42 AM PDT · by Hombre Malevo · 1 replies
    Strafor ^ | 08/13/2015 | George Friedman
    Russia's standard of living is being tested by Moscow's attempt to prove a point to the West. Despite the rampant criticism, the Russian government is standing behind its move to limit illegal food imports
  • Tom Steyer wants to know why the gas prices he jacked up are so high

    08/13/2015 10:47:23 AM PDT · by rktman · 58 replies
    hotair.com ^ | 8/13/2015 | Jazz Shaw
    Billionaire liberal activist Tom Steyer wants to be the next governor of California, at least according to west coast insiders. (Why on Earth anyone would want that job at this moment in history remains a mystery for the ages.) If you’re going to be the governor you’re going to have to investigate all sorts of things and solve the problems facing the state. One of these issues is the high cost of gasoline, some of the priciest in the nation. That’s got consumers seeing red and Steyer plans to get to the bottom of it. (LA Times)