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Keyword: fracking

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  • Friday Fun: Farmer Sprays Manure at Hollywood Star for Fracking Protest on His Land

    04/29/2016 7:21:43 AM PDT · by rktman · 22 replies
    townhall.com ^ | 4/29/2016 | Leah Barkoukis
    This video is almost certain to start your day off right. One U.K. farmer got so mad at Oscar winning actress Emma Thompson and her sister for breaking a court injunction protecting a fracking site on his land that he sprayed raw manure at them.
  • Research university hides results of fracking study which fails to prove it’s dangerous

    04/26/2016 4:53:07 PM PDT · by 2ndDivisionVet · 18 replies
    Hot Air ^ | April 26, 2016 | Jazz Shaw
    What happens when a university research department is tasked with conducting a study of the harmful effects of fracking on ground water and other environmental concerns? Well, that depends on who provides their research money and what the results turn out to be. In the case of the University of Cincinnati, a lot of their funding comes from groups which have a vested interest in proving how harmful fracking is so it’s hardly a surprise that they lost interest in the study when it failed to produce any evidence of ground water contamination near commercial fracking sites. Jeff Stier, senior...
  • Smelling Blood in the Political Water

    04/23/2016 10:27:47 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | April 23, 2016 | Paul Driessen
    The great white environmentalist sharks smell blood in the water. It’s gushing from mortally wounded US coal companies that the Obama EPA has gutted as sacrifices on the altar of “dangerous manmade climate change” prevention and other spurious health, ecological and planetary scares.Peabody Energy, Arch Coal and other once vibrant coal producers have filed for Chapter 11 protection, shedding some $30 billion in shareholder value and tens of thousands of jobs in their companies and dependent industries. The bloodletting has left communities and states reeling, union pension funds and 401k plans empty, and the health, welfare, hopes and dreams of...
  • Here’s why Doha failed to deliver an oil deal

    04/18/2016 5:12:45 PM PDT · by Ernest_at_the_Beach · 10 replies
    marketwatch.com ^ | Apr 18, 2016 2:40 a.m. ET | WilliamWatts
    No incentive for Saudis to let up Getty Saudi Arabia's minister of Oil and Mineral Resources Ali al-Naimi (C) arrives for the OPEC meeting, in the Qatari capital Doha, By WilliamWatts Deputy markets editor Why would the Saudis give up now?That’s the question crude oil bulls should have been asking themselves ahead of the Sunday meeting of major oil producers that failed to produce an agreement to put a lid on production. Prospects for a deal fell apart after Iran refused to sign up, prompting Saudi Arabia, the world’s swing producer, to effectively walk away. Those that believed Riyadh had...
  • How Fracking Has Reduced Greenhouse Gases (Eliminate The EPA)

    04/16/2016 5:09:49 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | April 16, 2016 | Stephen Moore
    The U.S. Department of Energy published data last week with some amazing revelations -- so amazing that most Americans will find them hard to believe. As a nation, the United States reduced its carbon emissions by 2 percent from last year. Over the past 14 years, our carbon emissions are down more than 10 percent. On a per-unit-of-GDP basis, U.S. carbon emissions are down by closer to 20 percent. Even more stunning: We've reduced our carbon emissions more than virtually any other nation in the world, including most of Europe. How can this be? We never ratified the Kyoto Treaty....
  • Bernie Sanders wants to kill fracking boom

    04/13/2016 9:39:21 PM PDT · by 2ndDivisionVet · 63 replies
    CNN Money ^ | April 13, 2016 | Matt Egan
    If Bernie Sanders becomes president, America's fracking boom will be in danger. This week the Democratic presidential candidate called for a national ban on fracking, the controversial drilling technology that has not only led to a massive boom in oil and natural gas, created thousands of new jobs but also been linked to water contamination and even earthquakes. "If we are serious about combating climate change, we need to put an end to fracking, not only in New York and Vermont, but all over this country," Sanders said during a speech in Binghamton, New York this week. The anti-fracking crusade...
  • How fracking reduces greenhouse gases

    04/11/2016 8:02:43 AM PDT · by SeekAndFind · 6 replies
    Washington Times ^ | 04/11/2016 | Stephen Moore
    The Department of Energy published data last week with some amazing revelations — so amazing that most Americans will find them hard to believe. As a nation, the United States reduced its carbon emissions by 2 percent from last year. Over the past 14 years our carbon emissions are down more than 10 percent. On a per unit of GDP basis, U.S. carbon emissions are down by closer to 20 percent. Even more stunning: we've reduced our carbon emissions more than virtually any other nation in the world, including most of Europe (see chart). How can this be? We never...
  • Authors of Fracking Study Dismayed at Good News

    04/08/2016 5:12:14 PM PDT · by Kaslin · 2 replies
    Townhall.com ^ | April 8, 2016 | Isaac Orr
    Environment International indicates hydraulic fracturing, commonly called “fracking,” and the heavy truck traffic that is associated with it would have a negligible impact on air quality if fracking were to be used extensively in the United Kingdom. Interestingly, the authors of the study appear to be a little disappointed with their findings, which may be why they decided to emphasize maximum exposure in a shorter timeframe in their study, rather than exposures over more realistic scenarios.     Hydraulic fracturing is a technique for extracting oil and natural gas from stubborn rocks, such as shale and tight sandstone. In less than 10...
  • Jacki Daily Show live at 2PM

    04/03/2016 10:03:24 AM PDT · by RaceBannon
    The Jacki Daily Show ^ | 4/3/16 | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...
  • An Ungrateful Nation Turns Its Back On Fracking

    04/02/2016 5:51:02 AM PDT · by IBD editorial writer · 19 replies
    Investor's Business Daily ^ | 4/1/2016 | Staff
    Energy: The benefits of “fracking” have never been greater. Prices are lower and the country is emitting less CO2. Yet most people now oppose fracking. What gives?
  • Gallup: Opposition to Fracking Mounts in the U.S.

    03/31/2016 2:14:47 PM PDT · by SeekAndFind · 28 replies
    Gallup ^ | 03/31/2016 | Art Swift
    Opposition to fracking rises to 51% from 40% in 2015Drop in fracking mirrors Americans' turn away from nuclear energyRepublicans fuel drop in support for fracking WASHINGTON, D.C. -- Opposition to the practice of hydraulic fracturing or "fracking" has increased significantly in the past year as environmental concerns, such as earthquakes, have grown, even though the procedure has helped keep oil prices low.Fracking in the United States Do you favor or oppose hydraulic fracturing or "fracking" as a means of increasing the production of natural gas and oil in the U.S.? Favor% Oppose% No opinion% Mar 2-6, 2016 36 51...
  • Everyone panic. The fracking induced earthquakes are coming to kill you all

    03/29/2016 8:13:31 AM PDT · by rktman · 29 replies
    hotair.com ^ | 3/29/2016 | Jazz Shaw
    Joel Achenbach at the Washington Post is out to save you all from a potential catastrophe. The evil oil and gas industry is going to cause most of the people reading this to flee in terror from their homes as earthquakes ravage the land and zombies begin to feast on the flesh of the living. Okay.. it’s not quite that bad, but a quick read of this study will likely have you checking for the nearest exits in your buildings. You see, fracking is causing earthquakes in unusual places (which is actually true, though not nearly on the calamitous scale...
  • THE JACKI DAILY Show! Listen live at 2PM Eastern!

    03/27/2016 5:28:51 AM PDT · by RaceBannon
    The Jacki Daily Show ^ | 3/27/16 | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...
  • Stop fracking? Shatter the economy

    03/22/2016 10:55:55 AM PDT · by JimSEA · 5 replies
    The Hill ^ | 3/21/16 | Paul Sullivan
    Fracking accounts for close to 50 percent of all natural gas and oil production. Our production of natural gas from shale fields and tight gas has increased by 40 billion cubic feet per day since 2002. Our production of shale and tight oil from fracking has increased by 4 million barrels a day since 2002. Fracking is one of the main reasons why oil and natural gas prices are so low. That also makes it one of the main reasons why gasoline and diesel prices are so low, and electricity prices have dropped in many areas. Crude oil is the...
  • The Solar Industry Is Dying. Good Riddance.

    03/20/2016 5:20:30 PM PDT · by upchuck · 38 replies
    Breitbart ^ | March 20, 2016 | James Delingpole
    If you still own shares in solar energy it’s probably a sign that you’ve been in the sun too long: the sector is tanking – and deservedly so – as reality dawns that this is a Potemkin industry, an Enron of a con-trick, whose survival depends not on the energy it generates but on the subsidies it squeezes from the taxpayer. Consider Exhibit A: the Ivanpah Solar Electric Generating System in the California desert. This $2.2 billion project, heavily backed with federal grants by the Obama administration, is absolutely brilliant at killing birds. According to some estimates it accounts for...
  • Putin’s Dilemma: To Sell Or To Nationalize Oil Assets

    03/15/2016 5:32:46 PM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 15-03-2016 | McEndree
    According to a March 11 Bloomberg article, the Russian government is considering changes in the tax regime for the Russian oil and gas industry in order to bolster government revenues. Should Vladimir Putin consider nationalizing this industry as one of the alternatives? Possibly—if the U.S. shale revolution represents a paradigm shift that will result in sub-$50-$60 crude prices and substantially lower natural gas prices well into the future. Should this be the case, without significant changes in its approach to generating revenue from this industry—which historically has funded ~50 percent of the government’s budget—it seems the Russian government could consign...
  • Jacki Daily Show podcast week of 3/13/2016!!

    03/14/2016 3:48:00 PM PDT · by RaceBannon · 1 replies
    The Jacki Daily Show ^ | 3/13/2016 | The Jacki Daily Show
    Be educated, not just entertained! Listen to The Jacki Daily Show! @JackiDailyShow In part one, Jacki finishes her interview with Mark Mathis, the film maker for Fractured, The Movie @Frac_turedmovie Jacki speak with Bill Justice, President of Landman Trends, @LandmanTrends , to discuss the state of the oil patch. Jacki also speaks with Mark Miller, chairman of the Independent Petroleum Association of America. @IPAAaccess Only on The Jacki Daily Show! Watch Jacki's introductory video! Click on this link to the complete podcast on SoundCloud!Go to Jacki's FaceBook page and like her show! Click HERE to listen live on THE BLAZE...
  • The Greek tragedy of the billionaire who fracked up Pa.

    03/12/2016 3:00:55 PM PST · by Lorianne · 20 replies
    Philly.com /AP ^ | 03 March 2016 | Sean Gardner
    A once-majestic stand of maple trees that the Holleran family of Susquehanna County has been working to produce maple syrup since the 1950s. A big pipeline firm, the Williams Companies, successfully used the right of eminent domain to win the right to clear the Hollerans' stand of trees to make way for a new pipeline intended to carry to natural gas fracked from the Marcellus Shale to large urban markets. According to StateImpact PA, at least three U.S. Marshals armed with semi-automatic weapons and pistols and wearing bulletproof vests were there to protect the pipeline workers from about 20 peaceful...
  • Clinton, Sanders Plan To Stop Fracking Would Boost CO2, Liberals Admit

    03/11/2016 3:15:46 AM PST · by IBD editorial writer · 7 replies
    Investor's Business Daily ^ | 3/10/2016 | John Merline
    What is an environmentalist to do these days? You can support windmills, so long as they don’t disrupt ridgelines, where the wind happens to blow. You have to approve of solar power, except when a solar power plant might disrupt efforts to restore migration routes for 100 sheep in the Mohave Desert. And you once were supposed to support natural gas as a “bridge fuel” between coal and something else, until you weren’t. Now the requirement appears to be that you must oppose fracking at all costs, even though it will likely mean increasing emissions of greenhouse gases.
  • Hillary Clinton promises to regulate fracking out of existence

    03/08/2016 10:44:51 AM PST · by Marcus · 28 replies
    Blasting News ^ | March 8, 2016 | Mark R. Whittington
    Hillary Clinton’s promise to regulating hydraulic fracking out of existence during the recent presidential debate in Flint, Michigan would be alarming if anyone took it seriously. However, according to Fortune Magazine, neither the energy companies and energy independence advocates nor environmentalists believe her.
  • PODCAST! The Jacki Daily Show for March 7, 2016!

    03/07/2016 4:34:59 PM PST · by RaceBannon
    The Jacki Daily Show ^ | 3/7/16 | The Jacki Daily Show
    The Jacki Daily Show podcast for 3/7/2016Jacki gives a video introduction to this week's show! Click here to see the video! Be educated, not just entertained! Listen to the Jacki Daily Show! Jacki Daily speaks in her second part interview with Jack Ekstrom Vice President, Corporate and Government Relations of Whiting Petroleum regarding Fraccing in Colorado and the legal issues they encountered. In her second segment, Jacki speaks with Jackie Stewart of Energyindepth.org @EnergyInDepth She also speaks with Mark Mathis about his new documentary Fractured @Frac_turedMovieThis weeks podcast can be heard by clicking here!
  • Facebook Suspends FrackNation Page For Telling The Truth About Fracking

    03/07/2016 12:24:52 PM PST · by detective · 12 replies
    Breitbart ^ | 7 Mar 2016 | James Delingpole
    The Facebook page of FrackNation was suspended for 24 hours at the weekend after a series of complaints by activists who objected to the fact that it was telling the truth about fracking. Filmmaker Phelim McAleer has been using the FrackNation page to report on the Dimock water trial – in which two families from smalltown Pennsylvania are trying to sue an oil and gas company for millions of dollars, alleging that it polluted their water with fracking fluid.
  • Sanders: ‘My answer is a lot shorter’ than Clinton on fracking

    03/06/2016 9:57:10 PM PST · by 2ndDivisionVet · 17 replies
    The Hill ^ | March 6, 2016 | Devin Henry
    Democratic presidential candidate Bernie Sanders on Sunday night mocked Hillary Clinton's numerous conditions for allowing hydraulic fracturing operations. "My answer is a lot shorter," he said, responding to a debate question about whether the candidates support fracking, a procedure in which pressurized water and chemicals are injected into the ground to release oil and natural gas. "No. I do not support fracking," he said to cheers from the debate crowd in Flint, Mich. Clinton said she opposes individual fracking operations if a series of conditions are met: if local communities oppose it, if the drilling releases methane or contaminates water,...
  • THE JACKI DAILY Show! Listen live at 2PM Eastern!

    03/06/2016 9:56:06 AM PST · by RaceBannon
    The Jacki Daily Show on THE BLAZE Radio ^ | 3/6/16 | The Jacki Daily Show
    THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...
  • Last-Gasp Assaults on Affordable Energy

    03/05/2016 9:35:32 AM PST · by Kaslin · 22 replies
    Townhall.com ^ | March 5, 2016 | Paul Driessen
    Separating reality from ideology and political agendas is difficult, but essential, if we are to revitalize our economy and help the world’s poorest families take their rightful places among Earth’s prosperous people. Energy reality is certainly in our favor. But ideological forces are powerful and persistent.Right now, 82% of all US energy and 87% of world energy comes from oil, natural gas and coal. Less than 3% is non-hydroelectric renewable energy – and globally half of that is traditional biomass: wood, grass and animal dung that cause millions of respiratory infections and deaths every year. Thankfully, the transition to fossil...
  • Merchants of Despair! Robert Zubrin on Jacki Daily Show podcast!

    03/02/2016 6:15:15 PM PST · by RaceBannon · 6 replies
    The Jacki Daily Show ^ | 3/2/16 | The Jacki Daily Show
    Be Educated, not just entertained! Listen to The Jacki Daily Show! Jacki speaks with Robert Zubrin, author of Merchants of Despair: Radical Environmentalists, Criminal Pseudo-Scientists, and the Fatal Cult of Antihumanism about the origins of the Green Party. @JackiDailyShow Jack Ekstrom of Vice President, Corporate and Government Relations Whiting Petroleum https://soundcloud.com/jacki-daily/the-dark-history-of-the-green-party-322016
  • Ex-Chesapeake CEO McClendon dies in car wreck day after indictment

    03/02/2016 11:58:00 AM PST · by DCBryan1 · 13 replies
    CNBC ^ | 02 MAR 16 | Jacob Pramuk
    Aubrey McClendon, a founder and former chief executive of Chesapeake Energy, died in a car crash Wednesday at age 56. This is breaking news. Please check back for updates. McClendon was indicted Tuesday and charged with conspiring to rig bids for oil and natural gas leases while leading Chesapeake Energy. The alleged conspiracy took place between December 2007 and March 2012, the indictment said. The companies are accused of deciding who would win the bids, then giving an interest in the leases to the other company. The Justice Department did not say which other company it believes was involved in...
  • Washington considers nation's first carbon emissions tax

    02/28/2016 10:10:38 AM PST · by Olog-hai · 39 replies
    Associated Press ^ | Feb 28, 2016 11:09 AM EST | Phuong Le
    Washington could become the first state in the nation to impose a direct tax on carbon emissions from fossil fuels such as coal, gasoline and natural gas. A ballot measure before the state Legislature would create a carbon tax of $25 per metric ton of fossil fuel emissions burned in Washington, while reducing taxes. ...
  • LIVE at 2PM! The Jacki Daily Show!

    02/28/2016 10:03:51 AM PST · by RaceBannon · 3 replies
    The Jacki Daily Show ^ | 2/28/16 | The Jacki Daily Show
    Live at 2PM! Listen to The Jacki Daily Show! The host of the Jacki Daily show has had an impressive career in energy, law, and politics. Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as a corporate litigator, and as an Assistant...
  • Is This The Most Bullish News For Oil Since 2014?

    02/25/2016 10:48:08 AM PST · by bananaman22 · 13 replies
    Oilprice.com ^ | 25-02-2016 | Len
    Whiting Petroleum announced earnings on February 24, with probably the most bullish and shocking news to come to the oil patch since the crash started in June 2014. It announced that it will not maintain any active rigs in the Bakken shale region in 2016 and also announced production cuts of 15-20 percent and a capital spending reduction of 80 percent. The significance of this is that, contrary to popular belief, the so called breakeven points are not anywhere close to $30 when you take into account cap ex. That should be obvious enough, but the media and many analysts...
  • Saudi Arabia declares oil output cut 'is not going to happen' (Shows Hand - Warns US Shale)

    02/24/2016 5:22:59 AM PST · by xzins · 31 replies
    Financial Times ^ | 23 Feb 16 | Gregory Meyer in Houston and Anjli Raval in London
    Saudi Arabia has ruled out a deal by major producers to cut oil output and warned high-cost operators such as US shale drillers to trim costs or go bust in a stark message that triggered fresh pressure on crude prices. Saudi oil minister Ali al-Naimi said a lack of trust between the world's biggest producers meant a cut in production "is not going to happen". He said the kingdom would instead push for a co-ordinated production freeze to help balance a market swamped with an excess of crude which has taken oil prices to their lowest level in more than...
  • Saudis, Russia Agree to Freeze Oil Output; Iran Still Resists

    02/16/2016 11:08:01 AM PST · by Trumpinator · 12 replies
    nbcnews.com ^ | Feb 16 2016, 9:34 am ET | Reuters
    Saudis, Russia Agree to Freeze Oil Output; Iran Still Resists by Reuters Feb 16 2016, 9:34 am ET Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production. The Saudi, Russian, Qatari and Venezuelan oil ministers announced the proposal after a previously undisclosed meeting in Doha. It could become the first joint OPEC and non-OPEC deal in 15 years, aimed at tackling a growing oversupply of crude and helping...
  • Wild GOP debate repeatedly goes off the rails as candidates shred each other on stage

    02/14/2016 2:02:32 AM PST · by Cincinatus' Wife · 128 replies
    Business Insider ^ | February 14, 2016 | Pamela Engel
    "...Some of the last fireworks of the night came when Cruz attacked Trump's supposedly "very, very liberal" policies."Flexibility is a good thing, but you shouldn't be flexible on core principles," Cruz said. "I like Donald. He is an amazing entertainer. But his policies for most of his life..have been very, very liberal."Cruz continued:For most of his life, he has described himself as very pro-choice and as a supporter of partial-birth abortion. Right now today as a candidate, he supports federal taxpayer funding for Planned Parenthood. I disagree with him on that."You are the single biggest liar," Trump shot back. "You...
  • 5 donors you've never heard of who could shape the 2016 race

    01/02/2016 10:41:55 PM PST · by 2ndDivisionVet · 13 replies
    MSN ^ | January 2, 2016 | Jonathan Swan and Harper Neidig, The Hill
    News articles concerning the most influential political donors in America typically list the same names: The Koch brothers, George Soros, Sheldon Adelson and, lately, Tom Steyer. But as we reach the end of 2015, none of these billionaires has spent big in the 2016 contest, at least not at an individual candidate level. In their absence, a number of lesser known donors are shaping up to be major players in 2016. Here are five to watch: 1. The DeVos Family We're cheating by including a whole family in our list, but there is no way of separating out this high-spending...
  • Exclusive: Iran wants euro payment for new and outstanding oil sales - source

    02/07/2016 9:36:26 AM PST · by BenLurkin · 22 replies
    rueters ^ | 02/05/2016 | Nidhi Verma
    Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief. A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia's Lukoil. "In our invoices we mention a clause that buyers of our oil...
  • When Obama carried out his Solyndra scam, he broke the same law that Martha Stewart went to prison

    02/03/2016 8:22:06 AM PST · by grundle · 18 replies
    wordpress ^ | September 8, 2012 | Dan from Squirrel Hill
    When Obama carried out his Solyndra con game, he broke the same law that Martha Stewart went to prison for breaking In 2009 the Obama administration gave $535 million to Solyndra, claiming that it would create 4,000 new jobs. However, instead of creating those 4,000 new jobs, the company went bankrupt. It was later revealed that the company’s shareholders and executives had made substantial donations to Obama’s campaign, that the company had spent a large sum of money on lobbying, and that Solyndra executives had had many meetings with White House officials. It was also revealed that the Obama administration had...
  • Ted Cruz: How U.S. must push back Putin in Syria (Cruz-Op Ed- CNN)

    10/09/2015 9:49:11 AM PDT · by VinL · 104 replies
    CNN ^ | 10/9/15 | Sen. Ted Cruz
    Over the last week, the world has once again looked on aghast as President Vladimir Putin has taken violent advantage of regional instability to re-establish Russia's influence, this time in the Middle East. Despite promises to join the United States in a counterterrorism effort against ISIS in Iraq and Syria, Putin is on a mission to protect Russian assets in the Mediterranean by propping up his client, Syrian President Bashar al-Assad. Ted Cruz Ted Cruz Meanwhile, the Obama administration has been caught flat-footed as Putin's actions threaten to inflame and destabilize an already acute crisis. Enough already. We don't need...
  • CRUZ: We Have No Business Getting in the Middle of the Syrian Civil War; Goal Should be to Defeat...

    10/08/2015 3:02:26 PM PDT · by Isara · 32 replies
    TedCruz.org ^ | 10/08/15
    ICYMI: CRUZ: We Have No Business Getting in the Middle of the Syrian Civil War; Goal Should be to Defeat ISIS Speaks with WRKO’s Jeff KuhnerHOUSTON, Texas – Today U.S. Sen. Ted Cruz, R-Texas, spoke with The Kuhner Report regarding the Obama administration’s disastrous foreign policy, the 2016 presidential race and the President’s decision to politicize the tragedy in Oregon.Below is an excerpt. Listen to the full interview here:Ted Cruz on the Kuhner Report (Audio)“I think it would be a mistake to get involved in the Syrian civil war. There have been voices in Washington eager for us to send...
  • Russian air strikes are targeting CIVILIAN oil tankers and allowing ISIS (truncated)

    02/02/2016 7:47:35 AM PST · by BeadCounter · 17 replies
    London Daily Mail ^ | 2 February 2016 | By Gianluca Mezzofiore For Mailonline
    Russian warplanes in Syria are targeting civilian oil refineries and trucks while deliberately ignoring ISIS facilities to allow the extremist group to continue its oil trade with the Assad regime, local activists claim. Citizen journalists from the Raqqa Is Being Slaughtered Silently group claimed Russia's airstrikes are aimed at destroying local oil facilities which are mostly owned by the local population 'and have no direct links with ISIS'. Oil trucks that move between the ISIS-held cities of Deir Ezzor and Raqqa, owned by civilians, are also targeted by Russian jets.
  • Oil-Price Poker: Why the Saudis Won’t Fold ‘Em

    02/02/2016 9:08:36 AM PST · by DUMBGRUNT · 8 replies
    Wall Street Journal ^ | 31 jan 2016 | SPENCER JAKAB
    Don’t underestimate the impact of Middle East politics... The game being played in the global oil market today bears more than a passing resemblance to poker. Nobody wants to quit while they’re losing... Russia, meanwhile, is pumping the most crude ever, hitting a post-Soviet Union peak. But it may have difficulty maintaining today’s pace given a lack of investment in its aging Siberian fields... In other words, Russia is holding weak cards and the Saudis know it... The newest players at the table are U.S. shale producers. They helped the U.S. to increase output by 80% between 2008 and 2014...
  • North Dakota governor orders cuts amid $1B budget shortfall

    02/01/2016 1:26:58 PM PST · by Olog-hai · 13 replies
    Associated Press ^ | Feb 1, 2016 3:48 PM EST | James MacPherson
    North Dakota Gov. Jack Dalrymple on Monday ordered deep cuts to government agencies and a massive raid on state savings to make up for a more than $1 billion budget shortfall due to depressed crude prices and a drop in oil drilling. The state had more than $2 billion in various reserve accounts just one year ago, but oil prices - a key contributor to the state's wealth - have taken a nosedive in the past year. The Legislature's record-high $14.4 billion budget for the two years that began July 1 was built on oil prices and economic assumptions that...
  • Big Oil's Effort To Tax Carbon and Your Family's Finances

    01/30/2016 9:44:01 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | January 30, 2016 | Ken Blackwell
    As world leaders gathered in Paris last month for the United Nations climate summit, many seemed surprised that several large oil companies, including BP and Shell, endorsed a carbon tax as a "key element" of any international climate deal. Less surprising was the preference of those in the renewable energy sector to see a tax on carbon. The implication was of course that if major companies - oil companies in particular - want to tax themselves, who are we to stand in the way? It must be an indication that the climate crisis is so acute that even they have...
  • Can Russia Survive Cheap Oil?

    01/28/2016 4:40:26 AM PST · by elhombrelibre · 25 replies
    NATIONAL INTEREST ^ | 28 Jan 16 | Nikolas K. Gvosdev
    Eight years ago, Senator John McCain declared that Russia, under Vladimir Putin's administration, could only afford to be a major player in world affairs as long as energy prices remained high. In 2016, his thesis will be tested. With oil prices dipping below the $30 per barrel mark, and with Russian companies like Lukoil warning that prices might hover in the low $20s range—on top of sanctions that the United States, Japan and the European Union continue to maintain (through midyear at minimum)—has the Kremlin's luck simply run out? And what of the dream of recasting Russia in the twenty-first...
  • Russia's bleak winter: Protests grow as ruble weakens and Kremlin makes painful cuts

    01/26/2016 4:45:41 AM PST · by elhombrelibre · 15 replies
    CBC ^ | 26 Jan 16 | Susan Ormiston
    Beleaguered currency has lost more than half its value in last 18 months A dazzling display of festival lights makes Moscow look magical, brightening up the dark winter night. But the image of a bright, confident 2016 is a mirage. "To tell you the truth, we are really worried for our country," says Anya Zhurova, passing by and lured in by the light show. "We feel sick for our country and we hope our president [Vladimir Putin] can sort out all the plans he's made, but it's a difficult period." Like a heavyweight boxer, the battered Russian ruble will try...
  • When Russia's money runs out, the 'real trouble starts'

    01/22/2016 8:53:51 AM PST · by Roman_War_Criminal · 21 replies
    CNBC ^ | 1/21/2016 | Holly Ellyatt
    Stuck in a recession and with no sign of a reprieve in the oil price, Russia could quickly descend into chaos if the money runs out, William Browder, a well-known critic of the Kremlin and chief executive of Hermitage Capital, told CNBC. "I don't think you can underestimate how bad the situation in Russia is right now, you've got oil below any measure where the budget can survive and you've got sanctions from the West. Russia is in what I'd call a real serious economic crisis," he said on Thursday. Speaking to CNBC in Davos where global business and political...
  • Is Russia's Cheap Oil Nightmare Coming True?

    12/18/2015 5:20:06 AM PST · by Berlin_Freeper · 9 replies
    themoscowtimes.com ^ | Dec. 17 2015 | Peter Hobson
    Picture the scene. It is 2016, oil costs on average $35 per barrel, and Russia’s recession rolls into its second year. The economy shrinks by 2-3 percent. Unemployment creeps up, and wages continue to fall, depressing consumer spending. The ruble devalues, driving up inflation. To keep price rises in check, interest rates remain high, discouraging investment. The government drains its reserves, hoping that the oil price picks up before they run dry. This was the nightmare scenario painted by Russia’s Central Bank in its December research paper. The bank, and Russia’s federal budget, is still planning for average oil prices...
  • Can Russia Survive Through 2020? (oil price and government spending)

    08/06/2011 10:37:25 PM PDT · by TigerLikesRooster · 8 replies · 1+ views
    Moscow Times ^ | 08/05/11 | Sergei Petrov
    Can Russia Survive Through 2020? 05 August 2011 By Sergei Petrov Strategy 2020 — the question of where Russia will be in 2020 — hangs in the air. There are a variety of scenarios being offered by leading economists, political scientists and other analysts, but one thing is clear: There will be no miracles in the next nine years. The prospects for a country mired in archaic institutions, an oil- and gas-dependent economy, systemic corruption, unprotected property rights, corrupt courts, fraudulent elections and an apathetic population can only be dim at best. I’m almost certain that Russia will not be...
  • US Shale’s Big Squeeze

    01/24/2016 9:15:19 AM PST · by Lorianne · 8 replies
    Fiscal Times ^ | 22 January 2016 | Ed Crooks
    The boom years left the US oil industry deep in debt. The 60 leading US independent oil and gas companies have total net debt of $206bn, from about $100bn at the end of 2006. As of September, about a dozen had debts that were more than 20 times their earnings before interest, tax, depreciation and amortisation. Worries about the health of these companies have been rising. A Bank of America Merrill Lynch index of high-yield energy bonds, which includes many indebted oil companies, has an average yield of more than 19%. Almost a third of the 155 US oil and...
  • American oil companies are starting to scream "mayday."

    01/24/2016 9:05:27 AM PST · by Lorianne · 46 replies
    CNN ^ | 22 January 2016 | Heather Long
    Last year, 42 North American drillers filed for bankruptcy, according to law firm Haynes and Boone. It's only likely to get worse this year. Experts say there are a lot of parallels between today's crisis and the last oil crash in 1986. Back then, 27% of exploration and production companies went bust. Defaults are skyrocketing again. In December, exploration and production company defaults topped 11%, up from just 0.5% the previous year, according to Fitch Ratings. That's a 2,000%-plus jump. It's just the beginning, says John La Forge, head of real assets strategy at Wells Fargo. If history repeats, people...
  • Russians survey new airbase on Syria-Turkey border, US officials concerned

    01/21/2016 5:38:58 PM PST · by Truth29 · 10 replies
    Foxnews.com ^ | January 21, 2016 | Jennifer Griffin, Lucas Tomlinson
    Russia appears to be making preparations to establish a new airbase in Syria, this time along the border with NATO-member Turkey, a senior U.S. official tells Fox News. The move is bound to anger the Turkish government months after the downing of a Russian jet by the Turks. A handful of Russian military personnel, including engineers, has been seen in the vicinity of a largely abandoned airfield in Qamishli, a city in northeast Syria along the border with Turkey. The area is largely controlled by Syrian Kurds, with pockets of regime-controlled territory including the airport.Russia and Syria’s Kurds have a...