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Keyword: hydrocarbons

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  • Free Trader Paul Krugman Admits Failure of Globalization for American Workers: ‘Major Mistake’

    10/14/2019 6:18:09 AM PDT · by Mr. Mojo · 67 replies
    Breitbart ^ | 13 Oct 2019 | JOHN BINDER
    Economist Paul Krugman, the longtime defender of global free trade and a member of the failed “Never Trump” movement, now admits that globalization has failed American workers. In a column for Bloomberg titled “What Economists (Including Me) Got Wrong About Globalization,” Krugman admits that the economic consensus for free trade that has prevailed for decades has failed to recognize how globalization has skyrocketed inequality for America’s working and middle class workers. Krugman, though, writes that he and his fellow free trade economists “had no way to know” that globalization of the American economy or a surge in trade deficits “were...
  • Iran says it discovered a natural gas reserve that could create $40 billion in revenue

    10/13/2019 5:25:35 PM PDT · by Innovative · 14 replies
    CNN ^ | Oct. 13, 2019 | Artemis Moshtaghian
    Iran announced on Sunday that it has discovered a new natural gas reserve with the capacity to produce nearly 400 million barrels of gas condensate, which could generate a total of $40 billion. The natural gas field, named Eram, is located near the Persian Gulf in the southwestern province of Fars and holds about 19 trillion cubic feet of gas, National Iranian Oil Company (NIOC) Deputy Managing Director Reza Dehghan said at a press conference. "We have the potential to identify more undiscovered oil and gas reserves (in the country) by using geophysical exploration techniques and discovery drilling and will...
  • Chinese state oil firm has withdrawn from 5 billion deal to develop Iranian natural gas field

    10/06/2019 7:44:45 PM PDT · by DeathBeforeDishonor1 · 9 replies
    China National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. Photo: APChina National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. China National Petroleum Corp has pulled out of a deal to develop Iran’s South Pars field. Photo: AP Chinese state-owned oil company China National Petroleum Corporation has pulled out of a US$5 billion deal to develop a portion of Iran’s massive offshore natural gas field, the Islamic Republic’s oil minister said on Sunday, after France’s Total SA earlier withdrew from the agreement over US sanctions. The South...
  • Iran Says China Has Pulled Out Of South Pars Natural Gas Project

    10/06/2019 9:27:24 AM PDT · by ameribbean expat · 17 replies
    Iranian Oil Minister Bijan Zanganeh says China's national petroleum company has pulled out of a $5 billion deal to help develop Iran's giant South Pars natural gas field in the Persian Gulf. The development, announced by Zanganeh on the ministry's SHANA website, comes amid economic pressure on both Iran and China from the United States. It also follows a series of military confrontations in the area between Iran and the naval forces of Britain and the United States. The China National Petroleum Corporation (CNPC) became the dominant investor in plans for the expansion of South Pars, the world’s largest gas...
  • Climate fight must be ‘sexy, fun and cool,’ says young minister for coal-dependent Japan

    10/06/2019 9:35:09 AM PDT · by libh8er · 17 replies
    Market Watch ^ | 9.23.2019 | Rachel Koning Beals
    ...Shinjiro Koizumi, who is the son of former Prime Minister Junichiro Koizumi, became the third-youngest lawmaker to join a post-World War II Japanese cabinet when current head Shinzo Abe reshuffled key appointments this month. Japanese polls show voters think the young Koizumi could be groomed to replace Abe, Reuters reported. “We are committed to realizing a decarbonized society, and we are ready to contribute as a more powerful country in the fight against climate change,” Koizumi said, according to the Reuters report. Japan is the only G-7 country that is adding coal-fired power capacity. U.N. Secretary-General Antonio Guterres had told...
  • Two Women Charged with Offenses Related to Pipeline Attacks

    10/04/2019 11:07:08 AM PDT · by yesthatjallen · 20 replies
    USAO - Iowa ^ | October 2, 2019 | Staff
    DES MOINES, Iowa – On September 19, 2019, a federal grand jury returned an Indictment charging defendants, Jessica Rae Reznicek and Ruby Katherine Montoya, with one count of conspiracy to damage an energy facility, four counts of use of fire in the commission of a felony, and four counts of malicious use of fire, announced United States Attorney Marc Krickbaum. Montoya was recently arrested in the District of Arizona and detained pending court proceedings to determine her appearance in the Southern District of Iowa. Reznicek appeared in Des Moines on October 1, 2019 and was conditionally released pending trial. Trial...
  • The Problem with 'Anthropogenic Global Warming'

    10/04/2019 11:01:35 AM PDT · by rktman · 16 replies
    americanthinker.com ^ | 10/4/2019 | Ferdinand Bardamu
    The mainstream "consensus" on anthropogenic global warming (AGW) says the atmospheric concentration of carbon dioxide (CO2) remained stable for millions of years, until the Industrial Revolution, when it went from 280 ppm in 1750 to 414.7 ppm in 2019. Environmentalists blame this on man's consumption of fossil fuels, which has increased significantly since the early 1900s. In support of the "consensus" view, climate change researchers write: "[T]he current CO2 concentration is unprecedented over the past 3 million years[.] ... [G]lobal temperature never exceeded the preindustrial value by more than 2°C during the Quaternary" (Willeit et al., 2019). Environmentalists predict that,...
  • Trump sides with farmers in ethanol proposal angering oil industry

    10/04/2019 9:25:55 AM PDT · by jazusamo · 69 replies
    The Hill ^ | October 4, 2019 | Rebecca Beitsch
    The Trump administration unveiled a fuel proposal Friday that would buoy corn farmers and ethanol producers while alienating the nation’s oil industry. The proposal from the Environmental Protection Agency (EPA) would require oil refineries to blend more ethanol into gasoline, a minimum of 15 billion gallons of each year. The rollout marks the latest twist in a months-long feud between two groups viewed by President Trump as key supporters in his base: farmers and the oil and gas industry. “Once again the president has demonstrated he’s a champion for our nation’s farmers and for rural America,” a senior EPA official...
  • Unemployment Rate Falls to Lowest Level Since 1948, U.S. Adds 136K in September (Unexepectedly)

    10/04/2019 6:07:14 AM PDT · by abb · 37 replies
    Peoples Pundit Daily ^ | October 4, 2019 | Staff
    Black, Hispanic Unemployment Rates at All-Time Lows The U.S. unemployment rate in September fell to 3.5%, the lowest level since May 1948, and total nonfarm payrolls increased by 136,000. The unemployment rate for black (5.5%) and Hispanic (3.9%) workers are at record lows. Forecasters were expecting a low of 120,000 to a high of 179,000. The consensus forecast was 145,000. However, the U.S. economy added more than 40,000 jobs than the last two jobs reports indicated. The labor force participation rate held steady at a very positive 63.2%, beating the consensus forecast expecting a 0.1% decline. The employment-population ratio, though...
  • Fracking Ban Rhetoric Might Appeal to Woke Left But It's A Loser For America

    09/26/2019 6:12:29 PM PDT · by 2ndDivisionVet · 4 replies
    Forbes ^ | September 23, 2019 | Dan Eberhart
    With the 2020 presidential election around the corner, Democrat candidates are laying out what they hope is a winning platform on energy. Climate change is playing a leading role with both MSNBC and CNN hosting major climate forums. In their zeal to cater to the radical wing of the party’s base, many candidates – Elizabeth Warren, Bernie Sanders and Kamala Harris among them – are calling for a total ban on the use of hydraulic fracturing for oil and natural gas production on public and private lands. While a fracking ban might win some votes among environmental activists, it’s a...
  • Turkey's President Erdogan says 'nuclear power should either be forbidden for all or permissible'…

    09/25/2019 6:26:25 PM PDT · by Olog-hai · 18 replies
    Daily Mail (UK) ^ | 20:16 EDT, 24 September 2019 | Jemma Carr
    Turkey’s President Tayyip Erdogan said nuclear power should either be free for all states or banned completely. He warned that the “inequality” between states who have nuclear power and who do not undermines global balances. This comes amid global concern following news that Iran has exceeded limits to its uranium stockpile and was enriching the chemical to beyond limitations imposed by the Iran nuclear deal. Earlier this month, Tehran announced it would use advanced centrifuges prohibited under the deal. President Erdogan said: “The position of nuclear power should either be forbidden for all or permissible for everyone.” …
  • 'Mindless growth': Robust scientific case for degrowth is stronger every day

    09/21/2019 2:13:35 AM PDT · by Libloather · 66 replies
    Irish Times ^ | 9/09/19 | Jason Hickel
    Once confined to the small scientific community of climate researchers and ecological economists, the idea of degrowth is now blazing into the mainstream. Not surprisingly, people are trying to figure out what to make of it. Is it an inspiring idea that points the way to a better economy? Or is it a mad notion that’s sure to plunge us all into poverty? Degrowth is a planned reduction of total energy and material use to bring the economy in line with planetary boundaries, while improving people’s lives by distributing income and resources more fairly. The scientific case for degrowth is...
  • Saudi Journalist: U.S. Taking Weak Position Vis-à-vis Iran, While Blackmailing Us

    09/20/2019 11:08:18 PM PDT · by robowombat · 24 replies
    MEMRI ^ | September 20, 2019
    September 20, 2019 Special Dispatch No.8285 Saudi Journalist: U.S. Taking Weak Position Vis-à-vis Iran, While Blackmailing Us; We Must Fend For Ourselves Following the September 14, 2019 Iranian attack on the oil facilities in Saudi Arabia, many Saudi officials called on the international community to take active measures against Iran's regional policy and play a role in defending the world's energy supply.[1] Similar calls were also made by writers in the Saudi press, some of whom condemned what they called the hesitant and feeble policy of the U.S. and the international community towards Iran. Prominent among these responses was a...
  • Trump: We Don’t Need Middle Eastern Oil And Gas

    09/16/2019 4:50:58 AM PDT · by Helicondelta · 109 replies
    Twitter ^ | Sep 16, 2019
    Because we have done so well with Energy over the last few years (thank you, Mr. President!), we are a net Energy Exporter, & now the Number One Energy Producer in the World. We don’t need Middle Eastern Oil & Gas, & in fact have very few tankers there, but will help our Allies!
  • Tulsi Gabbard says U.S. should re-enter Iran nuclear deal, end sanctions in response...

    09/19/2019 10:38:11 PM PDT · by BenLurkin · 79 replies
    Fox News ^ | 09/19/2019 | Victor Garcia |
    Democratic presidential hopeful Rep. Tulsi Gabbard, D-Hawaii, said Thursday that she would re-enter the Iran nuclear deal and end sanctions in response to Iran's involvement in drone attack against Saudi Arabia oil facilities if she was president. "What I would do is, I would re-enter the Iran nuclear deal to prevent Iran from continuing to move forward in building a nuclear weapon that puts us and the world further at risk," Gabbard said on "The Story with Martha MacCallum." " And number two... end those crippling sanctions. Every day that we don't do this, every day we continue down this...
  • Yang: Climate Change May Require Elimination of Car Ownership

    09/19/2019 2:10:58 PM PDT · by robowombat · 141 replies
    Free Beacon ^ | SEPTEMBER 19, 2019 2:05 PM | Graham Piro
    Yang: Climate Change May Require Elimination of Car Ownership Imagines 'constant roving fleet of electric cars' as alternative Graham Piro - SEPTEMBER 19, 2019 2:05 PM Democratic presidential candidate Andrew Yang said the United States may have to eliminate private car ownership to combat climate change during MSNBC's climate forum at Georgetown University Thursday morning. He told MSNBC host Ali Velshi that "we might not own our own cars" by 2050 to wean the United States economy off of fossil fuels, describing private car ownership as "really inefficient and bad for the environment." Privately owned cars would be replaced by...
  • Aramco’s Oil Disruptions Could Last Months: Analyst

    09/16/2019 3:01:32 PM PDT · by bananaman22 · 24 replies
    Oilprice.com ^ | 09-16-2019 | Juli
    Saudi Arabia’s disrupted oil production may last longer than originally thought, Amrita Sen, chief oil analyst at Energy Aspects Ltd., told Bloomberg on Monday, with full resumption of oil production perhaps not returning for weeks—or even months. Saudi Arabia, too, is holding a more reserved position that initially thought, believing now that less than half the capacity at the Abqaiq processing plant can be restored quickly, according to Bloomberg sources that spoke on condition of anonymity. One of the longer lead-time items of the restoration are Abqaiq’s stabilization towers that separates out the dissolved gas from the crude oil—a distillation...
  • Study suggests high-speed transit system to mountains could provide economic benefits

    08/24/2019 11:57:59 AM PDT · by Tolerance Sucks Rocks · 72 replies
    Sky-Hi News ^ | August 21, 2019 | Sawyer D'Argonne
    A high-speed transit system through the mountain corridor could serve as a major economic boon to communities on the Western Slope, according to a new study recently published by Development Research Partners. A high-speed transit system — likely in the form of a train that would carry passengers and light freight between Denver International Airport and Eagle County Regional Airport — was listed in the 2011 Record of Decision issued by the Colorado Department of Transportation and the Federal Highways Administration as a potential long-term solution to dealing with congestion on Interstate 70. Late last year, stakeholders — including the...
  • Why Russia And Saudi Arabia Secretly Want The Democrats To Beat Trump

    09/16/2019 10:23:19 AM PDT · by CondoleezzaProtege · 24 replies
    Forbes ^ | Sep 10, 2019 | Ellen Wald
    Trump has been very bad for Russian and Saudi business. By implementing policies that helped expand American oil and natural gas production, Trump has indirectly attacked their economies. Under Trump, US oil production has exploded to unprecedented levels. It is now above 12 million barrels per day, which is the most in the world. More importantly, almost every prominent Democrat has promised—indirectly, of course—to be very good for Russian and Saudi business by enacting policies and implementing executive actions that will drastically raise the value of their industries. For Russia and Saudi Arabia, the CNN climate town hall last week...
  • The Electability Myth of Joe Biden

    09/15/2019 6:52:54 PM PDT · by SeekAndFind · 22 replies
    American Thinker ^ | 09/15/2019 | Fletch Daniels
    The leftstream media characterization of Joe Biden is that he is moderate, likable, and the most electable Democrat candidate.  He is affable Uncle Joe, the self-made lunchbox-toting common man of the people. In truth, he is none of the above. Joe the Moderate The "Biden as moderate" canard is getting increasingly hard to defend.  On the economy-, car-, and cow-killing $93-trillion Green New Deal, Biden was asked if it goes too far or is unrealistically promising too much. He answered, "No, no it's not." When previously asked if there would be any place for fossil fuels, including coal and fracking, in his administration, Biden answered,...