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Keyword: hydrocarbons

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  • Obama, GOP Want To Sell Off 40 Percent Of US Strategic Oil Reserves To Fund Gov’t Programs

    10/31/2015 5:45:29 PM PDT · by · 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...
  • Trump uses fracking to lash back at Kasich

    10/28/2015 8:22:33 PM PDT · by BlackFemaleArmyCaptain · 26 replies
    The Washington Examiner ^ | 10/28/2015 | JOHN SICILIANO
    Republican presidential front-runner Donald Trump lashed back at Gov. John Kasich of Ohio by saying fracking is the only thing that saved his state's economy. "He got lucky with fracking," said Trump, responding to Kasich's tirade of criticisms of his rivals' tax plans, including Trump's at Wednesday night's CNBC debate. Trump fired back at Kasich's economic record with fracking as the "only reason Ohio is doing well." Kasich responded that Ohio has a growing energy sector, but "we are diversified." "We came back from the dead" but energy is just one item, he said. "We are diversified." Ohio sits on...
  • Geopolitical impacts of Iran Deal & Threats to Energy Grid: Jacki Daily Show

    10/27/2015 4:00:21 PM PDT · by RaceBannon · 9 replies
    The Jacki Daily Show ^ | 7/19/2015 | The Jacki Daily Show
    Jacki talks to former CIA director Jim Woolsey about the geopolitical impacts of the Iran Deal. She talks with Senator Bob Hall of Texas about the threat to the Energy grid. Also she talks with Former National Security Advisory General James Jones.
  • Boozy comet leaves '500 bottles of wine per second' trail in its wake

    10/26/2015 7:26:54 PM PDT · by Fred Nerks · 40 replies
    ninemsn ^ | 27/10/2015 | N/A
    A comet with the nickname Happy Hour leaves a boozy trail equivalent to "500 bottles of wine per second" in its wake as it shoots through space. Scientists studying the comet, known as Lovejoy, have found its glowing trail is made up of alcohol and sugar. A study published by a group of scientists from NASA and European agencies observed the unusual comet as it rocketed alongside the sun on January 30, NASA reports. "You have alcohol and sugar, so that can lead to a 'happy hour' name, but I would not recommend anyone drink this water," team researcher Darek...
  • Carson Tops Trump In Iowa GOP Caucus, Quinnipiac University Poll Finds; Bush With 5 Percent

    10/22/2015 11:56:42 AM PDT · by Mariner · 73 replies
    Quinnipiac University ^ | October 22nd, 2015 | Unattributed
    With a big boost from women, Dr. Ben Carson leads Donald Trump 28 - 20 percent among Iowa likely Republican Caucus participants, with 13 percent for Sen. Marco Rubio of Florida and 10 percent for Sen. Ted Cruz of Texas, according to a Quinnipiac University poll released today. This compares to the results of a September 11 survey by the independent Quinnipiac (KWIN-uh-pe-ack) University showing Trump at 27 percent with Carson at 21 percent. Today, Sen. Rand Paul is at 6 percent, with Carly Fiorina and former Florida Gov. Jeb Bush at 5 percent each. No other candidate tops 3...
  • Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid

    09/29/2015 11:25:20 PM PDT · by RC one · 4 replies
    Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi BidOne of the key things to understand about Chinas liquidation of hundreds of billions in US paper is that far from being a country-specific phenomenon, it actually marks the continuation of something thats been taking place in other emerging markets for some time.As we outlined in Why It Really All Comes Down To The Death Of The Petrodollar, the forced sale of Beijings UST reserves is simply the most dramatic example of what Deutsche Bank has called quantitative tightening. For years, reserve managers in the worlds emerging economies...
  • Global Coal Boom Accelerating Despite Obamas Green Posturing

    08/07/2015 11:29:14 PM PDT · by Brad from Tennessee · 21 replies
    Watts Up with That? ^ | August 8, 2015 | By Anthony Watts
    At the very moment President Obama has decided to shutter Americas coal industry in favor of much more expensive and less efficient renewable energy, coal use is surging across the globe. A new study by the prestigious National Academy of Sciences detects an unmistakable coal renaissance under way that shows this mineral of fossilized carbon has again become the most important source of energy-related emissions on the global scale. Coal is expanding rapidly not only in China and India but also across a broad range of developing countries especially poor, fast-growing countries mainly in Asia, the study finds. Why...
  • Petrobras Oil Scandal Leaves Brazilians Lamenting a Lost Dream

    08/07/2015 10:49:46 PM PDT · by Brad from Tennessee · 8 replies
    New York Times ^ | August 7, 2015 | By DAVID SEGAL
    Alberto Youssef, a convicted money launderer and former bon vivant, sat in a Brazilian jail cell in March of last year, getting ready to tell his lawyers a story. It was about an elaborate bribery scheme involving Petrobras, the government-controlled oil giant. He opened with a dire prediction. Guys, Mr. Youssef said, if I speak, the republic is going to fall. To those lawyers, Tracy Reinaldet and Adriano Bretas, who recently recounted the conversation, this sounded a tad melodramatic. But then Mr. Youssef took a piece of paper and started writing the names of participants in what would soon become...
  • America's grain stocks running short (food security and export control?)

    02/25/2008 5:08:27 AM PST · by TigerLikesRooster · 273 replies · 3,162+ views
    The Grand Island Independent ^ | 02/24/08 | By Robert Pore
    America's grain stocks running short By Robert Pore Print Story | e-mail Story | Visit Forums Global demand for grain and oilseeds is at record levels, causing the nation's grain stocks to reach critically low levels, according to Purdue University agricultural economist Chris Hurt. With a weak U.S. dollar and global demand so high, foreign buyers are outbidding domestic buyers for American grain, Hurt said. "Food consumers worldwide are going to have to pay more," Hurt said. "We ended 2007 with our monthly inflation rate on food nearly 5 percent higher. I think we'll see times in 2008 where...
  • Saudi Arabia, Russia sign nuclear power cooperation deal

    06/21/2015 9:13:05 AM PDT · by mac_truck · 33 replies
    Reuters ^ | 6/19/15 | Reem Shamseddine
    Saudi Arabia and Russia have signed an agreement to cooperate on nuclear energy development, a Saudi government body in charge of such projects said. The government body, the King Abdullah City for Atomic and Renewable Energy, announced the cooperation deal on its website on Thursday but gave no further details. Saudi-owned al-Arabiya TV, citing unnamed sources, said the kingdom planned to build 16 nuclear reactors in which Russia would play a significant role in operating them. The Saudi atomic and renewable energy body has already signed nuclear cooperation deals with countries able to build reactors, including the United States, France,...
  • End Austerity Now, demand Britons

    06/20/2015 4:35:16 PM PDT · by RightGeek · 24 replies
    The Hindu ^ | 6/21/2015 | Parvathi Menon
    End austerity: its cheating us all; Jobs not Trident; No cuts; Defy Tory rule; Cut war not welfare; Stop fracking; a Living Wage for mothers; and, The Pope gets it, why cant you? With the slogans emblazoned on banners, posters and flags, anti-austerity marchers shouted slogans, sang, and beat drums, as they walked through London in what is being called the biggest protest march that the city has seen. The End Austerity Now demonstration saw participation by an estimated crowd of between 70,000 and 250,000, all coming together to protest against cuts imposed due to austerity, the threats to the...
  • Shale 2.0:Technology and the Coming Big-Data Revolution in Americas Shale Oil Fields

    06/20/2015 8:10:08 AM PDT · by bestintxas · 13 replies
    Manhattan Institute ^ | 5/16/15 | Mark P. Mills
    With petroleum prices down 50 percent over the past year, many analysts and pundits are predicting the end of Americas shale oil boom. Recent headlines include: Oil Price Fall Forces North Dakota to Consider Austerity (New York Times);[1] Oil Price Drop Hurts Spending on Business Investments (Wall Street Journal);[2] The American Oil Boom Wont Last Long at $65 per Barrel (Bloomberg Business);[3] and The Shale Oil Revolution Is in Danger (Fortune)[4]. High prices, shale skeptics argue, created a bubble of activity in unsustainably expensive shale fields. As shale-related businesses contract, consolidate, and adjust to the new price regime, a major...
  • Putin: Russian pipeline project to help Greece pay its debt

    06/20/2015 5:29:04 AM PDT · by sheikdetailfeather · 13 replies
    ST. PETERSBURG, Russia (AP) -- Russian President Vladimir Putin said after Friday's talks with Greek Prime Minister Alexis Tsipras that a prospective Russian natural gas pipeline should help Greece service its debt, but the Kremlin said the question of direct Russian financial aid to Greece was not discussed. Speaking of the pipeline deal at a meeting with top executives of global news agencies, including The Associated Press, which began nearly three hours behind schedule at around midnight, Putin said he saw no support for the Greeks from the EU. "If EU wants Greece to pay its debts it should be...
  • Hewitt: 5 bold reforms Hillary should champion to devastate the GOP and ensure a long Clinton Era

    06/16/2015 7:04:24 AM PDT · by fredericbastiat1 · 42 replies
    TheBlaze Books ^ | 2015-06-16 | Benjamin Weingarten
    1. A constitutional amendment abolishing the Electoral College and substituting in its place a direct election of the president by popular vote. 2. A constitutional amendment abolishing the two term limit on the presidency. 3. A constitutional amendment mandating that 5% of GDP be spent on the Pentagons budget, with safeguards that the money actually be spent on soldiers, sailors, airmen and Marines and the equipment they need, and not on absurd tack-ons like green energy production for military bases. Rebuild the military and detach it from the GOP, and do so before a coup becomes a reality in the...
  • Why The Oil Rally May Well Be Over

    06/17/2015 10:58:45 AM PDT · by bananaman22 · 12 replies ^ | 17-06-2015 | Pricepoints
    The oil markets could be about to enter another round of soft prices. The OPEC decision on June 5 to leave its collective target unchanged was widely expected. As a result, oil prices barely flinched. But there are other reasons to think that oil prices could see a bit of a downturn in the coming weeks. First, OPEC revealed in its latest monthly oil report that it is still producing well above its stated 30 million barrel per day target. Saudi Arabias output inched up another 25,000 barrels per day in May from the month before in a further sign...
  • Seeds from plant said biodiesel source

    07/10/2007 5:19:30 AM PDT · by Red Badger · 7 replies · 545+ views
    John Gallagher pinches a pod from the long-stemmed plant in the greenhouse next to his office, cracks it open and pops the BB-sized seeds into his mouth. "They're not going to compete with peanuts, but they're good," said Gallagher, a University of Delaware researcher. While the seashore mallow might be handy for a quick snack, the sturdy plant has provided Gallagher food for thought in addressing a smorgasbord of environmental problems, from global warming to the disappearance of coastal farmland. Gallagher, a marine biosciences professor, says the seeds are a promising source of biodiesel, with an oil composition similar to...
  • The Front-Runners In Fusion Energy

    06/12/2015 2:24:36 PM PDT · by ckilmer · 15 replies
    zerohedge ^ | Thu, 11 June 2015 21:49 | | Michael McDonald
    The Front-Runners In Fusion Energy Submitted by Tyler Durden on 06/12/2015 15:14 -0400 Reality     inShare1   Submitted by Michael McDonald via,Fusion power has been something of a holy grail in the energy field for decades. The idea of harnessing the same energy that powers the sun naturally excites many. At the same time, despite decades of research, fusion energy has yet to come close to being a reality. The only significant practical advance in fusion reactions has been the development of thermonuclear weapons like the hydrogen bomb which, for all intents and purposes, serve the same purpose...
  • And it's gone...Greek Banks in Macedonia can't withdraw cash - Central Bank's Bogov

    06/12/2015 7:42:44 AM PDT · by alexmark1917 · 39 replies The bank runs (and capital controls) begin. Macedonia Central Bank Governor Bogov states: *GREEK BANKS IN MACEDONIA CANT WITHDRAW CASH: BOGOV*MACEDONIAN BANKS PROTECTED IN CASE OF GREXIT: BOGOV How long before the rest of Europe follows suit and a bank holiday is declared Monday to "Cyprus" depositors? He further added: *MACEDONIAN CENTRAL BANK SEES MAJOR RISKS FROM POLITICAL CRISIS Macedonia Central Bank blocks Greek bank withdrawals FXStreet (Crdoba) - Macedonian Central Bank's Governor Dimitar Bogov has stated that Greek banks are not able to withdraw cash. According to Bogov, this withdrawal halt is protection against...
  • Oil exploration in the U.S. Arctic continues despite current price environment

    06/12/2015 5:49:05 AM PDT · by thackney · 4 replies
    Energy Information Administration ^ | JUNE 12, 2015 | Energy Information Administration
    Alaska's crude oil production has declined from 1.8 million barrels per day (MMb/d) in 1991 to 0.5 MMb/d in 2014, and it is expected to continue declining through 2040. Almost 75% of Alaska's crude oil production from 1990 to 2012 was from the Prudhoe Bay and Kuparuk River fields in the central North Slope, which respectively produced 4.9 billion and 1.7 billion barrels of crude oil over this period. Crude oil production in Alaska is sensitive to the challenging environmentincluding variable ice conditions and limited time without ice coverageas well as pipeline economics. However, recent conditional approval granted to Royal...
  • IEA: Crude demand returns, and OPEC steps up

    06/12/2015 5:44:52 AM PDT · by thackney · 1 replies
    Fuel Fix ^ | June 11, 2015 | Collin Eaton
    The worlds appetite for crude is making a comeback as economies improve and cheap oil draws out more buyers, the International Energy Agency says. In its monthly oil market report released Thursday, the IEA revised its estimate of daily global oil demand in the first half of the year by 400,000 barrels, as the United States and other developed nations reversed a long declining, seemingly entrenched, trend to a rising one. Worldwide, daily demand was 93.3 million barrels for the last six months, up 1.6 million from the same period last year. And the IEA believes demand could rise to...
  • The truth about Americas project

    04/20/2015 10:40:56 PM PDT · by 2ndDivisionVet · 3 replies
    Al Arabiya News ^ | April 16, 2015 | Eyad Abu Shakra
    With every day that passes, Operation Decisive Storm proves just how necessary, and hence, justifiable it is. The conspirators inside Yemen have made huge investments over the past few years in funding sectarian infrastructures, organizations, logistics, as well as tribal and interest-based relations woven with ex-president Ali Abdullah Salehs family-run militia. The militia that has fought under his banner defends his interests and the interests of those he chooses to befriend today, only to turn on them tomorrow. These investments have been huge and long term. The investors are now well known and for a time this looked like nothing...
  • G7 leaders agree to phase out fossil fuels by 2100, Merkel says

    06/08/2015 6:34:43 AM PDT · by xzins · 104 replies
    Global News ^ | Jun 8, 15 | AP
    German Chancellor Angela Merkel says the Group of Seven wealthy democracies have agreed that the world should phase out the use of fossil fuels by the end of this century. Merkel said Monday that the G-7 leaders committed themselves to the need to decarbonize the global economy in the course of this century. That is a technical term for ending the use of oil, gas and coal but not nuclear power and replacing them with alternative sources of energy such as wind and solar power.
  • China Now World's Largest Oil Importer; Effect on Global Market

    06/08/2015 5:13:10 AM PDT · by thackney · 39 replies
    Forbes ^ | 6/08/2015 | Tom Morgan
    Although data_opacity makes objective_analysis difficult, market observers reported in April that China has surpassed the United States as the worlds largest oil_importer. This statistical inflection point needs context to understand global consumption trends. While oil bulls are anxious about Chinas reduced crude growth appetite, fundamental shifts in Chinese currency and domestic consumption strategies point to long-term growth in Chinese hydrocarbon consumption generally. Keith Johnson wrote in Foreign Policy on May 11, 2015, Chinas continued and, indeed, deepening reliance on volatile regions for the world for energy supplies, especially the Middle East, points to continued security vulnerabilities for Beijing for...
  • OPEC members approve Indonesia's bid to rejoin: Indonesia Energy Ministry

    06/08/2015 5:19:59 AM PDT · by thackney · 4 replies
    Reuters via Fiscal Times ^ | June 5, 2015 | Alex Lawler and Jonathan Leff
    Te Saudi Arabian government delegation appreciate and fully support the decision of the Indonesian government to become an OPEC member again, because Indonesia is one of the founders of OPEC," Indonesian Energy Minister Sudirman Said said in the statement. Saudi Arabia is Indonesia's top crude supplier. Naimi will also push for Saudi state oil firm Saudi Aramco to invest in Indonesia's downstream sector, Said said.
  • Saudi Arabia says it shot down Scud missile fired from Yemen

    06/06/2015 1:28:26 AM PDT · by SaveFerris · 18 replies
    Yahoo! News ^ | 58 minutes ago - 6/6/2015 | ABDULLAH AL-SHIHRI
    RIYADH, Saudi Arabia (AP) Saudi Arabia said it shot down a Scud missile fired by Yemen's Shiite rebels and their allies early Saturday at a Saudi city that is home to a major air base, marking what could be a major escalation in the monthslong war. Two missiles launched from a Patriot missile battery shot down the Scud around 2:45 a.m. Saturday (2345 GMT, 7:45 p.m. EDT Friday) around the southwestern city of Khamis Mushait, the official Saudi Press Agency reported. The agency did not report any casualties in the attack. Khamis Mushait is home to the King Khalid...
  • Yemen Rebels fire 3 Scud missiles at Saudi Airbase

    06/06/2015 12:34:35 PM PDT · by tcrlaf · 9 replies
    LATimes ^ | 6-6-2015 | By Zaid Al-Alayaa and Laura King
    n the first such attack of the 10-week-old conflict in Yemen, Shiite Muslim rebels early Saturday launched three Scud missiles toward a large Saudi air base, the insurgents reported. The Saudis acknowledged the firing of one missile, which they said was shot down. The episode came as the United Nations is struggling to bring the two sides together for talks that are envisioned to begin June 14. Both sides appear to be seeking to shore up their gains in advance of any negotiations. The Houthis Masirah television reported the missile firings, which Saudi Arabian reports said were aimed at the...
  • Putin and Buffetts War on U.S. Pipelines

    06/06/2015 6:52:57 AM PDT · by Kaslin · 13 replies ^ | June 6, 2015 | Paul Driessen
    Abundant, reliable, affordable oil and natural gas empower people. They support job creation, mobility, modern agriculture, homes and hospitals, computers and communications, lights and refrigerators, life and study after sundown, indoor plumbing, safe drinking water, less disease and longer lives. Hydrocarbons make plastics, pharmaceuticals and synthetic clothing. They create fertilizers and pesticides, to improve crop yields, reduce food prices and improve nutrition. But Sierra Club, and other radicals want to keep Americas oil and natural gas bounties in the ground. They block leasing, drilling and fracking. They block pipelines that transport oil and gas to refineries, power plants, factories...
  • EPA: Uh, Fracking Isn't Bad Afterall

    06/05/2015 1:13:17 PM PDT · by Kaslin · 9 replies ^ | June 5, 2015 | Katie Pavlich
    After years of unfounded hysteria from so-called environmentalists, the media and Hollywood that fracking causes drinking water contamination, the Environmental Protection Agency just issued a major blow to anti-fracking activists.A new report from the EPA, based on a study sanctioned by Congress, shows drinking water contamination only results if fracking wells aren't built or maintained properly, which is a rarity."We did not find evidence that these mechanisms have led to widespread, systemic impacts on drinking water resources in the United States. Of the potential mechanisms identified in this report, we found specific instances where one or more of these mechanisms...
  • Jerry Brown turns on liberal environmentalists, rejects California fracking ban

    06/03/2015 5:02:38 AM PDT · by bestintxas · 40 replies
    wash times ^ | 6/3/15 | v richardson
    An unusual schism has opened up on Californias politically dominant left flank, where Gov. Jerry Brown, a longtime favorite of the states environmentalists, has refused to give in to the climate change movements demand for a statewide ban on hydraulic fracturing. His stance comes despite the growing clamor in the aftermath of fellow Democratic Gov. Andrew Cuomos decision in December to allow a similar statewide ban of the revolutionary oil and gas drilling technique in New York. Hollywood stars and environmental activists badly want California to be next. The irony, of course, is that there may be no greener governor...
  • An immoral food-to-fuel policy(starving people or fueling cars)

    06/03/2015 5:15:22 AM PDT · by bestintxas · 29 replies
    wash times ^ | 6/2/15 | s burnett
    In the early 2000s, ethanol was touted as the solution to a variety of ills plaguing our nation. As is currently the case, those who worshipped at the altar of ethanol placed their faith in a false idol. Early in the new millennium, oil prices began to rise and natural gas prices shot up. Doomsayers lacking an understanding of history and economics popped up, as they always do, to proclaim the end of cheap oil was nigh. Peak oil pundits ruled the airwaves and editorial pages. The United States had recently suffered the horrific terrorist attacks of Sept. 11, 2001,...
  • Easy Access to Money Keeps U.S. Oil Pumping

    06/02/2015 6:06:43 PM PDT · by Lorianne · 2 replies
    Nasdaq ^ | 31 May 2015
    Wall Street's generous supply of funds to U.S. oil drillers helped create the American energy boom. Now that same access to easy money is keeping them going, despite oil prices that are languishing around $60 a barrel. The flow of money into oil has allowed U.S. companies to avoid liquidity problems and kept American crude production from falling sharply. Even though more than half of the rigs that were drilling new wells in September have been banished to storage yards, in mid-May nearly 9.6 million barrels of oil a day were pumped across the country, the highest level since 1970,...
  • Saudi-led oil price war impacts N.C.& Atlantic offshore drilling

    06/01/2015 2:43:38 PM PDT · by brownwill6767 · 5 replies
    John Locke Foundation ^ | 5/21/15 | Mitch Kokai
    Saudi Arabias unwillingness to follow its longstanding policy of propping up oil prices means North Carolina might have to wait for offshore energy exploration. Thats the assessment of Daniel Fine, associate director of the New Mexico Center for Energy Policy and project leader of a group developing New Mexicos state energy policy. Fine described a Saudi-led oil price war during a presentation to the John Locke Foundations Shaftesbury Society. In the video clip below, Fine explained how falling oil prices tied to Saudi Arabias new policy affect North Carolinas energy options.
  • Obama's JV team ISIS now threatens the entire global oil supply.

    06/01/2015 5:32:38 PM PDT · by free_life · 12 replies
    Now the End Begins ^ | May 31, 2015 | Geoffrey Grider
    "We have very little food and ammunition, and we can't withstand the suicide bombers, snipers and rockets....All of us are thinking of committing suicide - Iraqi Federal Police Officer. Against this cataclysmic backdrop of bombs falling in Sanaa and with ISIS literally at the gates of the major Iraqi city of Ramadi, many US energy and security experts were shocked to hear President Barack Obama ignore the danger in a recent keynote speech in which he pinpointed global warming as an equally big risk for Americans. Climate change constitutes a serious threat to global security, an immediate risk to our...
  • Iranian General Says Saudi Arabia Will Soon Be Toppled

    04/27/2015 8:28:57 AM PDT · by McGruff · 25 replies
    NY Times ^ | April 27, 2015 | THOMAS ERDBRINK
    A senior Iranian general said on Monday that the leadership of Saudi Arabia, a regional rival, was on the edge of collapse and would be toppled soon, God willing. Saudi-led bombardments on Yemen are shameless and rude and an affront to all Islamic values, the head of the 150,000-strong Islamic Revolutionary Guards Corps, Gen. Mohammad Ali Jafari, said during a speech in Tehran.
  • Islamic State calls on Muslims to kill enemies of Islam, especially Shiites

    05/31/2015 6:59:47 PM PDT · by Vince Ferrer · 23 replies
    Jihad Watch ^ | May 31, 2015 | Robert Spencer
    Not that this has anything to do with Islam. Islamic States Saudi branch calls for clearing Arabian Peninsula of Shiites, Reuters, May 30, 2015: DUBAI, May 30 (Reuters) Saudi Arabias branch of militant group Islamic State has said it wants to clear the Arabian Peninsula of Shiite Muslims and urged young men in the kingdom to join its cause, the U.S.-based SITE monitoring centre has reported. Islamic State claimed two suicide bombings carried out on May 22 and May 29 on Shiite mosques in eastern Saudi Arabia, where the bulk of the Saudi Arabias Shiite minority lives. The attacks...
  • Technology for a Saudi fracking boom moves closer to reality

    05/27/2015 4:07:06 AM PDT · by thackney · 20 replies
    CNBC ^ | 5/26/2015 | Andrew Zaleski
    ...carbonite-formations, and no region has as much oil and gas trapped in carbonate-formations as the Middle East. Carbonates are areas of sedimentary rock-Limestone, for instancethat contain many natural cracks inside them. Carbonite-formations are estimated to hold 60 percent of the world's oil and 40 percent of the world's gas reserves. In the Middle East, roughly 70 percent of oil and 90 percent of gas reserves are trapped in the carbonite, according to oil services giant Schlumberger.... ...Saudia Arabia is fifth in the world when it comes to recoverable gas reserves. Much of that is in carbonate-formation. What Saudia Arabia doesn't...
  • Fracking is Pitting OPEC Members Against Each Other. It Couldn't Happen Nicer Bunch Cartel Members

    05/30/2013 5:26:05 AM PDT · by thackney · 20 replies
    The Daily Beast ^ | May 29, 2013 | Megan McArdle
    OPEC meets in Vienna on Friday, a meeting that will, according to the Wall Street Journal, be a mite testy. The last few years have been flush for the cartel, with oil prices well above their historical average. Now fracking is changing all that--and hammering open fissures in the cartel that been temporarily plugged with huge wads of petrodollars. On one side are members like Saudi Arabia, who you can think of as OPEC's central banker. Saudi Arabia sits on top of a vast reservoir of high quality oil that is cheap to pump and cheap to refine. It's not...
  • U.S. about to pass Saudi Arabia as largest liquid petroleum producer

    09/30/2014 8:26:35 PM PDT · by 2ndDivisionVet · 14 replies
    Hot Air ^ | September 30, 2014 | Bruce McQuain
    The Financial Times [subscription] is reporting that the US is poised to become the worlds largest producer of liquid petroleum (oil and natural gas liquids): US production of oil and related liquids such as ethane and propane was neck-and-neck with Saudi Arabia in June and again in August at about 11.5m barrels a day, according to the International Energy Agency, the watchdog backed by rich countries. With US production continuing to boom, its output is set to exceed Saudi Arabias this month or next for the first time since 1991. [...] Rising oil and gas production has caused the US...
  • Fracking Boom About to Bust?

    10/25/2014 6:30:08 PM PDT · by 2ndDivisionVet · 44 replies
    The New American ^ | October 24, 2014 | Bob Adelmann
    Crude oil prices have dropped below $80 a barrel, down more than 20 percent just since June, meaning price estimates by the U.S. Energy Information Agency (EIA) have been far too pessimistic. And these low prices and the fear that they could go even lower are making a number of oil industry people increasingly nervous, with some prediciting that the prices are getting so low that oil companies are going to stop new drilling and even cut back on production from already drilled wells. On October 7, the EIA estimated that prices for West Texas Intermediate (WTI) crude...
  • Saudi letter concerning oil and gas has panicky tone

    01/12/2014 6:00:03 AM PST · by Dartman · 91 replies
    Toronto Sun ^ | Jan. 11/14 | Ezra Levant
    Saudi Arabia has noticed Canadas booming oil and gas industry and they dont like what they see. You could even say theyre scared. Thats the panicky message in a 14-page memo written to Saudi Arabias energy ministry by Prince Al-Waleed bin Talal, an influential member of the Saudi royal family. He desperately warns them that Saudi Arabias energy dominance is at risk, including from oil and gas developments in western democracies. And he mentions Canada by name. Al-Waleed isnt just another pundit or oil-rich Arab sheikh. Hes an international tycoon who has built a vast empire of holdings, including...
  • Fracking is turning the US into a bigger oil producer than Saudi Arabia [link only]

    03/11/2014 3:17:24 PM PDT · by grundle · 11 replies [link only] | March 11, 2014 | David Usborne
  • Top Saudi lets the cat out of the bag

    01/08/2014 6:29:09 AM PST · by bestintxas · 14 replies
    am thinker ^ | 1/8/14 | t lifson
    It is worthy paying close attention when a certain Saudi prince speaks his mind. Prince Alwaleed Bin Talal is sometimes described as the most powerful Arab in the world, thanks to his enormous wealth, business acumen, and influence in the Saudi royal family, which runs the Kingdom as a family fiefdom. Western-educated, he has shown himself to be an effective power broker, owning a 7% stake in News Corporation and donating $20 million each to Harvard and Georgetown Universities, arousing suspicions of undue influence. The good prince let the world know what the real stakes are in the battle over...
  • Saudis Fresh Prince Freaks Out About U.S. Fracking

    07/30/2013 4:31:51 PM PDT · by raptor22 · 42 replies
    Investor's Business Daily ^ | July 30, 2013 | IBD EDITORIALS
    Energy: A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed in the U.S. and spreading around the world. OPEC is now caught between Riyadh and a hard place. Indicative of the panic rippling through the Organization of Petroleum Exporting Countries over the U.S.-led fracking boom, billionaire Saudi Prince Alwaleed bin Talal says his Gulf Arab kingdom needs to reduce its reliance on crude oil and diversify its revenues, lest the era of gold-plated toilets come to an end. In an open letter to his country's oil minister Ali al-Naimi and other...
  • Oil-rich Saudi prince sees fracking as a danger to his country

    07/29/2013 5:36:46 PM PDT · by markomalley · 38 replies
    The Daily Caller ^ | 7/29/2013
    Prince Alwaleed bin Talal says the Gulf Arab Kingdom needs to reduce its reliance on crude oil, because fracking technology under development in other nations will result in less dependency on obtaining energy resources in his homeland.Global demand for Saudi oil will experience further decline as the U.S. and other nations, including Great Britain and Canada, begin to find their own oil elsewhere.Bin Talal, who is worth the U.S. equivalent of $20 billion, published an open letter to his government on Twitter, aimed to get the attention of his countrys oil minister, Ali al Naimi, Sky News reports. He wrote...
  • Saudi prince...Fracking could put OPEC out of Business

    09/14/2013 6:44:29 PM PDT · by Red Statements · 47 replies
    Examiner,com ^ | July 29th, 2013 | Steven H Ahle
    Prince Alwaleed bin Talal said that fracking in the US has lessened demand for their oil, and that they need to begin to find other income sources. In a letter to oil minister, Ali al Naimi and other top government officials, Alwaleed said that fracking was responsible for the declining demand for oil from OPEC. Alwaleed recommends that the oil rich country, should diversify immediately before the impact gets to be out of hand. He says that the Saudi's dependence on oil income is, "a truth that has really become a source of worry for many".
  • Saudi Prince: Fracking Is Threat To Kingdom

    07/29/2013 9:44:34 PM PDT · by 2ndDivisionVet · 29 replies
    Sky News ^ | July 29, 2013
    A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed elsewhere around the world.Billionaire Prince Alwaleed bin Talal said the Gulf Arab kingdom needed to reduce its reliance on crude oil and diversify its revenues. His warning comes as rising shale energy supplies in the United States cut global demand for Saudi oil. In an open letter to his country's oil minister Ali al Naimi and other government heads, published on Sunday via his Twitter account, Prince Alwaleed said demand for oil from Organisation of the Petroleum Exporting Countries (Opec) member states...
  • PRINCE ALWALEED: Fracking Is Going To Crush The Saudi Economy If Nothing Is Done

    07/29/2013 7:39:10 AM PDT · by SeekAndFind · 108 replies
    Business Insider ^ | 07/29/2013 | Rob Wile
    Billionaire Saudi Prince Alwaleed bin Talal has warned shale oil and gas development poses a threat to the kingdom's economy, the Wall Street Journal's Summer Said reports. In an open letter to Saudi oil minister Ali al Naimi [in Arabic], Alwaleed also warns the kingdom must diversify its revenue streams in the face of flagging oil demand. A source translated the key portion of the note: With all due respect to your Highness viewpoint about shale gas and that it poses no danger on Saudi economy at the present time, I was hoping that your Highness would also shed light...
  • Saudi Billionaire Prince: Fracking Competitively Threatens Any Oil Producing Country in the World

    01/07/2014 11:23:44 AM PST · by Hojczyk · 51 replies
    CNS ^ | January 7, 2014 | Michael W. Chapman
    Saudi Arabias Prince Alwaleed Bin Talal, a billionaire businessman and nephew of Saudi King Abdullah, said the production of shale oil and natural gas in the United States and other countries, primarily done through fracking, is a real competitive threat to any oil-producing country in the world, adding that Saudi Arabia must address the issue because it is a matter of survival. New shale oil discoveries are threats to any oil-producing country in the world, said Prince Alwaleed in an interview with The Globe and Mail. It is a pivot moment for any oil-producing country that has not diversified. Ninety-two...
  • Drill, Baby, Drill! US Fracking Drives Down Saudi Oil Prices

    11/18/2014 7:30:44 PM PST · by 2ndDivisionVet · 19 replies
    The Excellence In Broadcasting Network ^ | November 18, 2014 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Okay. I mentioned the plummeting oil price, and there are a lot of people trying to figure out, why is this happening? There are a lot of people that do not understand what it is that's driving down the crude oil price. What explains it? When it happens and it's a mystery, people look to traditional explanations, "Well, are people driving less? Is the demand for gasoline down? The economy bad? What's going on?" And in this case that's not the answer The simple explanation for much, not at all, but for much of the drop in...
  • The reason for lower gas prices: Saudi Arabia and fracking

    12/22/2014 7:21:19 AM PST · by shepardspie33 · 18 replies
    Red Dirt Report ^ | December 22, 2014 | Brian Woodward
    ... While the U.S. does not export crude oil, its increased production has curbed imports, resulting in excess supply. Although the fracking boom has helped to increase supply and steal market share from the Middle East, it is the Saudi response to the increased production from North American shale that has sent the price of oil tumbling. In September 2014, in the face of falling oil prices, Saudi Arabia chose to increase oil production by half a percent. Days later on Oct. 1, they discounted oil exports to leading Asian customers. These actions set off a rapid decline in international...