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Keyword: hydrocarbons

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  • 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 gas—the kind that heats ovens and boils water—specifically 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 Triangle—if, that is, the Bermuda Triangle even exists. Researchers from the Arctic University of Norway say they’ve spotted large craters apparently created by methane buildups off Norway’s coast, Atlas Obscura reports. “Multiple giant craters exist on the sea floor in an area in the west-central Barents Sea … and are probably a cause of enormous blowouts of gas,” they tell the Sunday Times. “The crater area is likely to represent one of the largest hotspots for shallow marine methane release in the Arctic.”...
  • 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 2°C to over 100°C), 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" – 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. Trump’s 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. “The answer is, probably yes,” 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 don’t actually exist. If they don’t 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 “brilliant things” 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’s role in selling equipment made by defence company BAE Systems to Saudi Arabia, Oman and other countries as he visited the firm’s 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’t 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’t hate ‘our freedoms.’ They hate that we’ve betrayed our ideals in their own countries — 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’s 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 — 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’s strategy: to raise further questions about Cruz’s stance on ethanol— an important industry for voters in the Hawkeye State — 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. “As...
  • 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) – 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’t 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...
  • 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 China’s liquidation of hundreds of billions in US paper is that far from being a country-specific phenomenon, it actually marks the continuation of something that’s 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 Beijing’s UST reserves is simply the most dramatic example of what Deutsche Bank has called “quantitative tightening.” For years, reserve managers in the world’s emerging economies...
  • Global Coal Boom Accelerating Despite Obama’s 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 America’s 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 robert.pore@theindependent.com 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: it’s 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 can’t 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 America’s 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 America’s 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 Won’t 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
    AP ^ | 6-20-2015 | SANDY MACINTYRE and NATALIYA VASILYEVA
    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 Pentagon’s 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
    Oilprice.com ^ | 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 Arabia’s 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 OilPrice.com,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
    https://twitter.com/zerohedge/status/609341858045497344 https://twitter.com/TraderStef/status/609355146842275840 https://twitter.com/JAFF3/status/609343992803774464 https://twitter.com/russian_market/status/609341880623591424 The bank runs (and capital controls) begin. Macedonia Central Bank Governor Bogov states: *GREEK BANKS IN MACEDONIA CAN’T 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 http://www.zerohedge.com/news/2015-06-12/macedonia-central-bank-blocks-greek-bank-withdrawals-case-grexit Macedonia Central Bank blocks Greek bank withdrawals FXStreet (Córdoba) - 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 environment—including variable ice conditions and limited time without ice coverage—as 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 world’s 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 ‘America’s 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 Saleh’s “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 world’s largest oil_importer. This statistical inflection point needs context to understand global consumption trends. While oil bulls are anxious about China’s 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, “… China’s 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 Buffett’s War on U.S. Pipelines

    06/06/2015 6:52:57 AM PDT · by Kaslin · 13 replies
    Townhall.com ^ | 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, 350.org and other radicals want to keep America’s 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
    Townhall.com ^ | 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 California’s politically dominant left flank, where Gov. Jerry Brown, a longtime favorite of the state’s environmentalists, has refused to give in to the climate change movement’s demand for a statewide ban on hydraulic fracturing. His stance comes despite the growing clamor in the aftermath of fellow Democratic Gov. Andrew Cuomo’s 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 Arabia’s unwillingness to follow its longstanding policy of propping up oil prices means North Carolina might have to wait for offshore energy exploration. That’s the assessment of Daniel Fine, associate director of the New Mexico Center for Energy Policy and project leader of a group developing New Mexico’s state energy policy. Fine described a Saudi-led oil “price war” during a presentation to the John Locke Foundation’s Shaftesbury Society. In the video clip below, Fine explained how falling oil prices tied to Saudi Arabia’s new policy affect North Carolina’s 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 Sana’a 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.