Keyword: hydrocarbons

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  • It rains solid diamonds on Uranus and Neptune

    08/25/2017 6:57:33 PM PDT · by Loyalist · 55 replies
    National Post ^ | August 25, 2017 | Sarah Kaplan, Washington Post
    Researchers say they were able to produce 'diamond rain' using fancy plastic and high-powered lasers to recreate the intense conditions of the planets .... Consider this your daily reminder that the solar system is even more awesomely bonkers than you realized: On Uranus and Neptune, scientists forecast rain storms of solid diamonds. The gems form in the hydrocarbon-rich oceans of slush that swath the gas giantsí solid cores. Scientists have long speculated that the extreme pressures in this region might split those molecules into atoms of hydrogen and carbon, the latter of which then crystallize to form diamonds. These diamonds...
  • The James Baker-George Shultz Carbon-Tax Plan Is a Bad Deal for Americans

    02/14/2017 10:49:26 AM PST · by SeekAndFind · 10 replies
    National Review ^ | 02/14/2017 | Rupert Darwall
    The fact that itís being proposed by Republicans doesnít make it any more economically palatable. Madness is rare in individuals ó but in groups, parties, nations, and ages it is the rule ó Friedrich Nietzsche ĎCap and trade was just one way of skinning the cat; it was not the only way,Ē Barack Obama declared after Democratsí disastrous losses in the 2010 midterm elections. That shellacking finally killed off the Waxman-Markey cap-and-trade bill. From it was born the EPAís Clean Power Plan and the Obama administrationís war on coal, in turn a contributory factor to Donald Trumpís election and Republicansí...
  • Texas drillers may start hiring soon, as long as prices hold up

    06/28/2016 2:26:01 PM PDT · by 2ndDivisionVet · 4 replies
    Fuel Fix ^ | June 28, 2016 | Collin Eaton
    HOUSTON Ė Rising crude prices could spur hiring across the Texas oil patch by August, a regional economist says, beginning a slow but steady reversal in the stateís energy employment after struggling drillers shed 1 in 3 jobs. Over the past two months, a dozen U.S. oil companies ó including Devon Energy and Pioneer Natural Resources ó have announced plans to plow an extra $600 million into their shale fields in Texas and elsewhere as crude prices hover near $50 a barrel. Several have dispatched new rigs and received drilling permits. Next, theyíll start hiring new people Ė unless, of...
  • How Brilliant Computer Scientists Solved the Bermuda Triangle Mystery

    08/06/2010 10:38:07 PM PDT · by smokingfrog · 85 replies
    salem-news ^ | 6 Aug 2010 | Terrence Aym
    According to two research scientists the mystery of vanished ships and airplanes in the region dubbed "The Bermuda Triangle" has been solved. Step aside outer space aliens, time anomalies, submerged giant Atlantean pyramids and bizarre meteorological phenomena ... the "Triangle" simply suffers from an acute case of gas. Natural gasóthe kind that heats ovens and boils wateróspecifically methane, is the culprit behind the mysterious disappearances and loss of water and air craft. The evidence for this astounding new insight into a mystery that's bedeviled the world is laid out in a research paper published in the American Journal of Physics....
  • Bermuda Triangle Discovery: Has the Mystery Finally Been Solved?

    03/15/2016 12:48:13 PM PDT · by nickcarraway · 42 replies
    KFOR ^ | MARCH 15, 2016
    A new discovery has revived an old theory about ocean water gobbling up ships in the Bermuda Triangleóif, that is, the Bermuda Triangle even exists. Researchers from the Arctic University of Norway say theyíve spotted large craters apparently created by methane buildups off Norwayís coast, Atlas Obscura reports. ďMultiple giant craters exist on the sea floor in an area in the west-central Barents Sea Ö and are probably a cause of enormous blowouts of gas,Ē they tell the Sunday Times. ďThe crater area is likely to represent one of the largest hotspots for shallow marine methane release in the Arctic.Ē...
  • World-first technology enables study of ancient bacteria [Bermuda Triangle too]

    06/07/2005 4:18:16 AM PDT · by PatrickHenry · 23 replies · 938+ views
    Cardiff University via UrekAlert ^ | 06 June 2005 | Professor R.John Parkes
    Sustainable energy source could solve Bermuda Triangle riddle. Experts at Cardiff University, UK, have designed world-first technology to investigate sustainable energy sources from the ocean bed by isolating ancient high-pressure bacteria from deep sediments. Scientists and engineers at Cardiff University are investigating bacteria from deep sediments which despite high pressures (greater than 1,000 atmospheres), gradually increasing temperatures (from an icy 2įC to over 100įC), great depth (several kilometres) and age (many millions of years) may contain most of the bacteria on Earth. Some of these bacteria produce methane that accumulates in "gas hydrates" Ė a super concentrated methane ice that...
  • Trump Would Consider Halting U.S. Oil Purchases From Saudis: NYT

    03/26/2016 4:36:39 PM PDT · by Hojczyk · 177 replies
    OANN ^ | March 26, 2016
    Republican presidential front-runner Donald Trump told the New York Times he would consider stopping U.S. oil purchases from Saudi Arabia unless the Saudi government provide troops to fight Islamic State. Trumpís comment on Friday was included in a lengthy foreign policy interview published by the newspaper on Saturday and came in response to a question about whether, if elected president, he would halt oil purchases from U.S. allies unless they provided on-the-ground forces against Islamic State. ďThe answer is, probably yes,Ē Trump said, according to a transcript. Trump has said the United States should be reimbursed by the countries it...
  • Crude Mystery: Where Did 800000 Barrels of Oil Go?

    03/19/2016 3:40:13 PM PDT · by Lorianne · 20 replies
    Wall Street Journal ^ | 17 March 2016 | Georgi Kantchev
    There is mystery at the heart of the oversupplied global oil market: missing barrels of crude. Last year, there were 800,000 barrels of oil a day unaccounted for by the International Energy Agency, the energy monitor that puts together data on crude supply and demand. Where these barrels ended up, or if they even existed, is key to an oil market that remains under pressure from the glut in crude. Some analysts say the barrels may be in China. Others believe the barrels were created by flawed accounting and they donít actually exist. If they donít exist, then the oversupply...
  • Chesapeake Founder Aubrey McClendon Dies In Car Crash One Day After Federal Indictment

    03/02/2016 12:28:02 PM PST · by Nachum · 55 replies
    zero hedge ^ | 3/2/16 | tyler durden
    Just one day after the DOJ unveiled its had indicted Chesapeake Founder and former CEO Aubrey McClendon on federal charges of conspiring to rig bids for oil and natural gas leases, moments ago the Oklahoma Police announced that he was found dead in a car accident, when while traveling in a 2013 Chevy Tahoe at a high rate of speed he crashed while driving on a two-lane highway and was engulfed in flames. FORMER CHESAPEAKE CEO MCCLENDON DEAD AFTER CAR ACCIDENT: CNBCOKLAHOMA CITY POLICE SAY AUBREY MCCLENDON DEADMCCLENDON WAS GOING FASTER THAN SPEED LIMIT: POLICEMCCLENDON WAS ALONE IN 2013 CHEVY...
  • David Cameron boasts of 'brilliant' UK arms exports to Saudi Arabia (EU arms embargo)

    02/25/2016 10:08:20 PM PST · by sukhoi-30mki · 5 replies
    the guardian, U.K. ^ | 25 February 2016 | Rowena Mason
    David Cameron has boasted of his efforts to help sell ‚Äúbrilliant things‚ÄĚ such as Eurofighter Typhoons to Saudi Arabia on the day the European parliament voted for an arms embargo on the country over its bombardment of Yemen. The prime minister talked of the UK government‚Äôs role in selling equipment made by defence company BAE Systems to Saudi Arabia, Oman and other countries as he visited the firm‚Äôs factory in Preston. At almost the same time, the European parliament voted in favour of an EU-wide ban on arms being sold to Saudi Arabia in protest at its heavy aerial bombing...
  • Iran offers financial reward for families of potential Palestinian 'intifada martyrs'

    02/25/2016 6:09:50 AM PST · by Oldeconomybuyer · 8 replies
    The Jerusalem Post ^ | February 24, 2016 | By MAAYAN GROISMAN
    According to Iranian ambassador to Beirut, every family of a martyr will receive $7,000, while a family whose home was demolished by the IDF will receive $30,000. Speaking at a press conference in Beirut on Wednesday, Iranian ambassador to Lebanon, Mohammad Fathali, said: "Continuing Iran's support for the oppressed Palestinian people, Iran announces the provision of financial aid to families of Palestinian martyrs who were killed in the "Jerusalem intifada." Fathali called on the Arab Muslim nation to unite around the central Palestinian issue and said that "the martyrs' blood will release the entire Palestine, from the river to the...
  • Why the Arabs don‚Äôt want us in Syria

    02/24/2016 7:36:00 AM PST · by Vostok-1 · 12 replies
    Politico ^ | 2/23/16, 8:50 AM CET Updated 2/24/16, 6:08 AM CET | Robert F. Kennedy, Jr
    They don‚Äôt hate ‚Äėour freedoms.‚Äô They hate that we‚Äôve betrayed our ideals in their own countries ‚ÄĒ for oil.
  • Iraq On The Brink Of Chaos As Oil Revenues Fall

    02/24/2016 6:34:25 PM PST · by Lorianne · 16 replies
    Oil Price ^ | 21 February 2016 | Charles Kennedy
    During a sombre visit to Germany last week, Iraqi Prime Minister Haider al-Abadi urged the international community to help boost his country's crisis economy in the face of plummeting crude oil prices, underscoring a desperate situation in which Iraq has lost 85 percent of its oil revenues. Iraqi oil revenues have fallen to just 15 percent of what they used to be, the embattled prime minister said, despite a boost in production ordered last year. The surge in production has failed to compensate for the collapse of oil prices, and the situation is dire when oil revenues constitute around 43...
  • The Big New Threat to Oil Prices: A Glut of Gasoline

    02/24/2016 6:40:03 PM PST · by TroutStalker · 24 replies
    Wall St Journal ^ | February 24, 2016 | Nicole Friedman and Alison Sider
    Refineries in the U.S. Midwest are losing their thirst for oil, posing a new risk for the battered crude market. The Midwest accounts for nearly a quarter of the crude processed in the U.S. and is home to shale producers that have few other outlets for their oil. But refiners there are already swimming in gasoline and other fuel, forcing them to cut back production until the excess can be worked off. The result has been more crude oil available in the market, worsening a glut that has been undermining oil prices for the past year and a half. With...
  • Big banks brace for oil loans to implode

    02/24/2016 6:13:37 PM PST · by Lorianne · 17 replies
    CNN ^ | 18 February 2016 | Matt Egan
    Big banks are cringing as crude oil is crumbling. Firms on Wall Street helped bankroll America's energy boom, financing very expensive drilling projects that ended up flooding the world with oil. Now that the oil glut has caused prices to crash below $30 a barrel, turmoil is rippling through the energy industry and souring many of those loans. Dozens of oil companies have gone bankrupt and the ones that haven't are feeling enough financial stress to slash spending and cut tens of thousands of jobs. Three of America's biggest banks warned last week that oil prices will continue to create...
  • J.P. Morgan‚Äôs exposure to oil, gas debt has Wall Street jittery

    02/24/2016 6:09:07 PM PST · by Lorianne · 4 replies
    Market Watch ^ | 23 February 2016 | Mark DeCambre
    J.P. Morgan Chase CEO Jamie Dimon is focused on building a so-called fortress balance sheet at his behemoth bank. To that end, he said the bank JPM, +0.04% has added around $500 million to its reserves against loans losses in the oil-and-gas sector in the first quarter of 2016. The move comes as crude-oil prices have fallen about 12% so far this year and have plunged 34% over the past 12 months, putting the finances of energy companies under pressure. Offering details about its balance sheet at an event for investors in New York on Tuesday, the sprawling bank said...
  • Chevron delays big projects, plows the Permian Basin

    01/31/2016 7:56:24 AM PST · by thackney · 2 replies
    Fuel Fix ^ | January 29, 2016 | Collin Eaton
    The CEO of Chevron Corp. said his company recently mothballed a $500 million ultra deep-water Gulf of Mexico development not because the oil reservoir was too small to develop - but because it had better places to spend its money. Namely, the Permian Basin in West Texas. "There are tough choices being made," Chevron CEO John Watson told investors on Friday, after the San Ramon, California oil giant posted its first quarterly loss since 2002. The $588 million loss - worse than analysts had expected - was driven by a series of special charges in the fourth quarter, including Chevron's...
  • Donald Trump accuses Ted Cruz of flip-flopping on ethanol

    01/09/2016 3:03:08 PM PST · by TBBT · 204 replies
    Washinton Post ^ | 1/9/2016 | Jose A. DelReal
    OTTUMWA, Iowa ‚ÄĒ Republican presidential candidate Donald Trump escalated his criticism of GOP rival Sen. Ted Cruz (Tex.) here in Iowa Saturday, painting him as a political follower beholden to pro-oil special interests and the donor class. Trump‚Äôs strategy: to raise further questions about Cruz‚Äôs stance on ethanol‚ÄĒ an important industry for voters in the Hawkeye State ‚ÄĒ in the final weeks before the Feb. 1 caucuses. Cruz has faced renewed scrutiny over his opposition to the 2005 Renewable Fuel Standard, which requires gasoline to be blended with amounts of corn ethanol and is set to expire in 2022. ‚ÄúAs...
  • Four Oil Tanks Now on Fire at Libyan Ports after Clashes

    01/06/2016 8:56:55 PM PST · by fella · 4 replies
    Rig Zone ^ | 6 JAN 2016 | Ayman al-Warfalli
    BENGHAZI, Libya, Jan 6 (Reuters) ‚Äď Fires caused by clashes between Islamic State militants and guards near Libya's biggest oil ports have spread to four oil storage tanks that were still burning on Wednesday, a guards spokesman said. Ali al-Hassi said the Petroleum Facilities Guards were in control of Es Sider and Ras Lanuf ports, but that skirmishes continued. At least nine guards were killed and more than 40 injured in fighting around the perimeter of the area on Monday and Tuesday. Hassi said guards had recovered bodies of 30 Islamic State fighters, and had also captured two military tanks...
  • Obama, GOP Want To Sell Off 40 Percent Of US Strategic Oil Reserves To Fund Gov‚Äôt Programs

    10/31/2015 5:45:29 PM PDT · by UMCRevMom@aol.com · 104 replies
    Daily Caller News Foundation ^ | 10/28/2015 | Michael Bastasch
    Lawmakers are pushing legislation that could result in the selling off of 266 million barrels of oil from the country’s Strategic Petroleum Reserve (SPR) over the next decade, mostly to fund more government spending. Legislation for health care, highway funding and financing the government could end up drawing on down on oil supplies meant for emergency situations. If all three bills are signed into law, some 266 million barrels, or nearly 40 percent, of the current 695 million barrel SPR would be sold off in the next decade to raise about $23 billion. “The 114th Congress has introduced three separate...