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Keyword: hydrocarbons

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  • Venezuela is Launching a Crypto Currency Backed by Oil, Gas, Gold and Diamonds

    12/09/2017 6:40:17 PM PST · by Bon mots · 32 replies
    CNBC ^ | Dec. 3, 2017 | Staff
    Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the "petro" backed by oil reserves to shore up a collapsed economy. The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such a feat, but he declared to cheers that "the 21st century has arrived!" "Venezuela will create a cryptocurrency," backed by oil, gas, gold and diamond reserves, Maduro said in his regular Sunday televised broadcast, a five-hour showcase of Christmas songs and dancing. The petro, he...
  • Enter the 'petro': Venezuela to launch oil-backed cryptocurrency

    12/03/2017 4:08:56 PM PST · by mdittmar · 23 replies
    Reuters ^ | December 3, 2017 | Alexandra Ulmer, Deisy Buitrago
    CARACAS (Reuters) - Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the “petro” backed by oil reserves to shore up a collapsed economy.The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull off such a feat, but he declared to cheers that “the 21st century has arrived!”
  • Oil Prices Down As OPEC Fails To Agree Output Ceiling

    06/02/2016 8:35:11 AM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 02-06-2016 | Nick
    The much anticipated OPEC meeting in Vienna on June 2 ended pretty much as expected: the group once again failed to put any production targets in place. Without a ceiling on output, all OPEC members will continue to produce as they see fit, leaving the oil market to sort itself out. The result was largely anticipated, given the lack of agreement at several prior meetings. However, the meeting in Vienna was not without some news. OPEC members managed to agree on several small bore issues, which could be viewed as a modest success, especially after the apparent hostility on display...
  • Farm Bill Goes Down in House

    05/18/2018 9:41:09 AM PDT · by SMGFan · 56 replies
    Rollcall ^ | May 18, 2018
    In a major blow to Republican leaders and after a week full of drama and last-minute vote wrangling, the House failed to pass a farm bill Friday, with several Freedom Caucus members voting no in protest to a lack of immediate action on immigration. The bill failed 198-213. House GOP leaders had been touting the bill as a fulfillment of their campaign promise to overhaul welfare programs. The vote also brings the GOP’s intraparty fissures further into public view. Thirty Republicans joined all Democrats in voting it down.
  • Farm bill fails in House, amid conservative uprising over immigration

    05/18/2018 11:04:02 AM PDT · by xzins · 53 replies
    Fox ^ | 18 May 18 | Chad Pergam
    GOP seeks farm bill support amid immigration debate House Freedom Caucus members are trying to flex some muscle on immigration in exchange for support on the farm bill; A sprawling and subsidy-packed farm bill that also would have tightened food stamp rules failed in the House on Friday, in a dramatic defeat for GOP leaders who faced an uprising from conservatives over inaction on immigration. The farm bill, which was voted down 213-198, had been hanging in the balance as the conservative House Freedom Caucus threatened to withhold support without an agreement on an immigration bill vote. The GOP leadership,...
  • The Study You Won’t Be Hearing About: No Impact On Groundwater From Fracking

    05/11/2018 8:48:28 PM PDT · by MarvinStinson · 11 replies
    hotair ^ | May 10, 2018 | JAZZ SHAW
    Protests by environmentalists against hydraulic fracturing (or fracking) have been going on for years now, along with the Hollywood efforts of serial fabulists such as Josh Fox. One of the biggest concerns surrounding the process is the possibility of contamination of groundwater. While a previous study in Pennsylvania by the state Department of Environmental Protection revealed zero instances of this happening (except for surface spills during transport of hydraulic fluids), critics discounted the study and the protests continued. Now a different study conducted in Ohio on the Utica shale play has been completed and published. They were looking for evidence...
  • California Moves Forward With Plan To Require Solar Panels On New Homes

    05/10/2018 8:45:07 AM PDT · by Zhang Fei · 36 replies
    NPR ^ | May 9, 20185:12 PM ET | Camila Domonoske
    A state board in California has approved a proposal to require solar panels on all new homes beginning in 2020, a measure that would increase the cost of new construction but provide savings on utilities — and help the state meet ambitious targets for reducing greenhouse gas emissions. California, which is routinely a leader in environmental regulatory efforts, would be the first state in the country with such a requirement. Several cities, including San Francisco and South Miami, Fla., have residential solar panel requirements. The new rule in California would cover all low-rise residential buildings, although houses that are frequently...
  • Michael Bloomberg donates $4.5M to U.N. climate body after U.S. cuts

    04/23/2018 5:41:27 AM PDT · by Oldeconomybuyer · 20 replies
    NBC "News" ^ | April 23, 2018 | by Associated Press
    Former New York City Mayor Michael Bloomberg has vowed to write a $4.5 million check to the United Nations body that oversees climate change negotiations to make up the shortfall in the agency's budget caused by U.S. funding cuts. President Donald Trump last year formally announced the U.S. would pull out of the Paris climate accord deal, stating that it was not fair. Congress also cut funding for the Bonn, Germany-based UNFCCC from $7.5 million in previous years to $3 million this year. "America made a commitment and as an American if the government's not going to do it we...
  • Gas prices are topping $4 at some Fresno stations. Ready to pay more at the pump?

    05/10/2018 8:47:55 AM PDT · by Simon Green · 55 replies
    Fresno Bee ^ | 05/09/18 | Bryant-Jon Anteola
    Gasoline prices in Fresno already increased beyond $4 per gallon this week at some places in town. And gas prices are projected to rise even more going into the summer in the aftermath of President Donald Trump’s decision to withdraw from the Iran nuclear deal. A year ago, the national average for was $2.34 for a gallon of gas, according to a CNN Money report. These days, that national average has jumped to $2.81 per gallon. Those in Fresno can probably add a dollar on top of the national price, with high state taxes and stringent standards for reformulating...
  • California Could See the Return of $4 Gasoline by May [Bloomberg Link Only]

    02/01/2018 5:12:47 AM PST · by C19fan · 18 replies
    Bloomberg [Link in Body Thread] ^ | January 31, 2018 | Milana Vinn
    Link to article
  • Erdogan says lira under attack as currency hits new low (Turkey)

    05/08/2018 8:17:39 AM PDT · by Texas Fossil · 8 replies
    Turkish President Recep Tayyip Erdoğan took aim at investors who are selling Turkish lira, saying the currency was under attack as it hit fresh record lows against the dollar. Erdoğan said there was no technical or rational reason why the lira should be losing so much value. Turkey has prepared a “project” that will reverse this trend, he said in a speech on Tuesday. The lira hit a new record as Erdoğan spoke, falling to as low as 4.3 to the U.S. currency. It declined 0.6 percent to 4.2946 at 1:28 p.m. in Istanbul. The currency had traded at 1.15...
  • Oil Crashes Ahead Of Trump’s Iran Deal Decision

    05/08/2018 8:38:34 AM PDT · by bananaman22 · 38 replies
    Oilprice.com ^ | 05-08-2018 | Para
    Oil prices dropped early on Tuesday as market participants await the decision of U.S. President Donald Trump on the Iran nuclear deal at 2:00 p.m. today. President Trump tweeted on Monday that he would announce his decision on whether to waive sanctions on Iran at 2:00 p.m. At 11:35 a.m. EDT on Tuesday, WTI Crude was down 3.65 percent at $68.10 and Brent Crude was down 3.02 percent at $73.87.
  • 'We're doomed': Mayer Hillman on the climate reality no one else will dare mention

    04/26/2018 6:18:16 AM PDT · by Oldeconomybuyer · 61 replies
    The Guardian ^ | April 26, 2018 | by Patrick Barkham
    The 86-year-old social scientist says accepting the impending end of most life on Earth might be the very thing needed to help us prolong it. We’re doomed,” says Mayer Hillman with such a beaming smile that it takes a moment for the words to sink in. “The outcome is death, and it’s the end of most life on the planet because we’re so dependent on the burning of fossil fuels. There are no means of reversing the process which is melting the polar ice caps. And very few appear to be prepared to say so.” Hillman, an 86-year-old social scientist...
  • Trump's revenge: US crude oil floods European markets in blow to OPEC and Russia

    04/24/2018 7:42:20 AM PDT · by afraidfortherepublic · 90 replies
    UK Express Finance News ^ | 4-24-18 | Darius McQuaid
    THE United States is flooding the European markets with record amounts crude oil as US producers seize on Russia and the Organisation of the Petroleum Exporting Countries (OPEC) pact to cut output resulting in soaring oil prices. US crude oil is seen as the cheaper option as the OPEC and Russia pact begins to bite after agreeing jointly to oil output jointly by 1.8million barrels per day (bpd) help rebalance the market and to help elevate the benchmark Brent prices. Now, the relatively high prices brought about by that pact, coupled with surging US output, are making it harder to...
  • Tectonic shift rumbling across southeast NM’s oil patch

    04/19/2018 11:39:00 AM PDT · by CedarDave · 5 replies
    The Albuquerque Journal ^ | April 16, 2018 | Kevin Robinson-Avila
    Hundreds of small, independent producers might soon be swallowed up by today’s unprecedented oil and gas boom in southeastern New Mexico. As industry titans like ExxonMobil and Concho Resources pump billions of dollars into previously untapped sections of New Mexico’s century-old oil patch, the state’s small- and medium-sized producers are struggling on the margins to keep running aging wells based on outdated technology. Those companies, which have flourished for decades in New Mexico’s side of the Permian Basin, don’t have the resources to invest in the modern drilling technology needed to dig into the oil-rich, hard shale-rock formations where the...
  • Trump says he will not accept high oil prices; crude dips

    04/20/2018 7:32:29 AM PDT · by mandaladon · 53 replies
    Reuters ^ | 20 Apr 2018
    WASHINGTON (Reuters) - U.S. President Donald Trump criticized OPEC on Friday for output curbs that have helped raise global oil prices and said “artificially” high prices would not be accepted, drawing rebukes from oil-producing countries as prices dipped following his remarks. “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea. Oil prices are artificially Very High! No good and will not be accepted!” Trump wrote on Twitter. Several members of OPEC, the Organization of the Petroleum Exporting Countries, said in response that oil prices were not...
  • 95% of plastic polluting world's oceans comes from just 10 rivers

    04/20/2018 6:18:06 AM PDT · by rktman · 78 replies
    wnd.com ^ | 4/19/2018 | unk
    Up to 95 per cent of plastic polluting the world’s oceans pours in from just ten rivers, according to new research. The top 10 rivers – eight of which are in Asia – accounted for so much plastic because of the mismanagement of waste. About five trillion pounds is floating in the sea, and targeting the major sources – such as the Yangtze and the Ganges – could almost halve it, scientists claim. Environmental Protection Agency Administrator Scott Pruitt flew in coach-class seats on at least two trips home to Oklahoma when taxpayers weren’t footing the bill, despite claims he...
  • Oil and Gas Sales to Syria's Assad Are Propping Up ISIS

    04/17/2018 8:20:56 PM PDT · by BeadCounter · 22 replies
    Fortune Magazine ^ | January 20, 2017 | Feliz Solomon
    Revenues from oil and gas sold to the regime of Syrian President Bashar al-Assad are now the largest source of funds for the Islamic State (ISIS), as the militant group faces mounting military pressure in both Iraq and Syria. The Wall Street Journal reports that officials from the U.S. and Europe said the Assad regime, despite pronouncements that it is fighting the extremist group, is directly supporting ISIS through the purchase of energy, needed to power the Syrian capital Damascus and other parts of the country. Amos Hochstein of the U.S. State Department told the Journal that the group’s “revenue...
  • Pope Francis Should Be Wary of the Advice of Jeffrey Sachs

    04/15/2018 6:53:09 AM PDT · by MarvinStinson · 12 replies
    stream ^ | CHRISTOPHER MONCKTON
    Pope Francis is a Soros puppet. Soros has placed his boy from Harvard, Jeffrey Sachs, in the Vatican for the last several years as Pope Francis' handler. Notice that Francis pushes the exact same things that Soros' puppet US president Obama did: Global warming illegal aliens muslims ------------------------------------------------------- Jeffrey Sachs Encourages Catholic Organizations to Divest https://catholicclimatemovement.global/jeffrey-sachs-divestment/ Professor Jeffrey Sachs, Director of the Earth Institute at Columbia University and Special Advisor to UN Secretary-General Ban Ki-moon, expressed his strong support of the four Catholic organizations that announced their plans today to divest from fossil fuels on the occasion of the first...
  • Green activist lawyer burns himself to death to protest global warming

    04/14/2018 6:55:04 PM PDT · by PROCON · 121 replies
    wattsupwiththat.com ^ | April 14, 2018 | Anthony Watts
    A sad case of self-immolation with fossil fuels, to protest fossil fuels A green activist who was a pioneering lawyer for gay and transgender rights — including in the infamous “Boys Don’t Cry” murder case — committed suicide by setting himself on fire Saturday morning in Brooklyn’s Prospect Park.In a gruesome protest against the ecological destruction of the earth, David Buckel, 60, left behind a charred corpse and a typed suicide note that said he was burning himself to death using “fossil fuel” to reflect how mankind was likewise killing itself, police sources said. He left the note behind in...