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Keyword: opec

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  • Hamstrung by Congress, Obama tries to clinch climate pact

    11/28/2015 6:05:57 PM PST · by Kaslin · 42 replies
    WASHINGTON (AP) P_resident Barack Obama is trying to negotiate a legacy-making climate change pact this coming week in Paris with one hand tied behind his back. Congress can't even agree whether global warming is real. Scientists point to the global agreement, years in the making, as the last, best hope for averting the worst effects of global warming. Obama has spent months prodding other countries to make ambitious carbon-cutting pledges to the agreement, which he hopes will become the framework for countries to tackle the climate issue long beyond the end of his presidency in early 2017. But Republicans have...
  • NOAA’s climate change science fiction - ignores satellite data

    11/26/2015 4:49:55 PM PST · by E. Pluribus Unum · 26 replies
    The Washington Times ^ | November 26, 2015 | Lamar Smith
    The National Oceanic and Atmospheric Administration (NOAA) is the nation’s leading collector of climate data. Every day, NOAA analyzes vast amounts of data to predict changes to our climate, weather, oceans and coasts. The agency also publishes monthly temperature averages across the nation and compares those numbers to historical temperature records.
  • 1941 Newspaper: Blame Weather For The Rise Of Hitler!

    11/25/2015 8:59:06 PM PST · by Impala64ssa · 11 replies
    Perhaps one of the greatest oddities of the past Democratic debates was Bernie Sanders insistence that climate change has fueled the growth of terrorism. Apparently we’re supposed to believe that ISIS will lay down their guns once the Earth cools by another degree Fahrenheit. Mockery aside – we’re living in the most peaceful times in human history. It may not seem that way because of what we see on the news, but violence has shown an enormous decline over the past few thousand years of human history. This of course occurred while the planet is supposedly becoming ever closer to...
  • Colorado’s skyrocketing electricity prices could get much worse

    11/26/2015 7:59:46 PM PST · by george76 · 43 replies
    Independence Institute ^ | November 24, 2015 | michael
    The cost of electricity for Colorado residents skyrocketed 63 percent between 2001 and 2014, far outpacing median income in the state at just 24 percent over the same time period ... Retail residential electricity rates increased from 7.47 cents per kilowatthour in 2001 to 12.18 cents per kilowatthour by 2014, a 63.1 percent hike. Coloradans median income, however, went up just 24.1 percent, from $49,397 to $61,303. Median income in Colorado actually declined between 2008 and 2012. ... Not to mention the state's many business owners, including small business owners, who face the same hikes in energy costs that could...
  • 626 Democrat Politicians Rose Up Against Obama & Sent Him A Demand He Didn’t Want To See VIDEO

    Over 600 Democrat politicians from 32 states have joined together to oppose the centerpiece of Pres. Obama's climate change agenda, the Clean Power Plan. "As Democrats committed to a prosperous America and a healthy environment, we believe the United States has a unique opportunity to lead the world in addressing the global climate challenge, and yet do so, as we must, without unduly burdening the American economy or the American people," the Democratic coalition called CoalBlue said in a letter sent Tuesday to Obama. "The letter was signed by 626 state and local officials from nearly three dozen states, including...
  • Obama Goes On A ‘Green’ Spending Spree Ahead Of UN Summit

    11/25/2015 6:39:34 AM PST · by rktman · 19 replies
    dailycaller.com ^ | 11/24/2015 | Michael Bastasch
    The Department of Energy (DOE) announced $125 million in new spending Monday to fund 41 green energy projects ahead of the United Nations global warming summit set to take place next week. DOE is funding dozens of green technologies through the Advanced Research Projects Agency-Energy, or ARPA-E, program to find technological solutions to fighting global warming. ARPA-E projects are ones the government thinks show promise, but aren’t yet commercially viable. “As we look beyond COP21, the energy technologies the Department of Energy invests in today will provide the solutions needed to combat climate change and develop a global low-carbon economy...
  • Why Does Global Warming Only Turn Muslims Into Terrorists?

    11/25/2015 4:06:01 AM PST · by HomerBohn · 32 replies
    Erick On The Radio ^ | 11/22/2015 | Erick Erickson
    Global warming is the cause of terrorism in the Middle East and around the world according to Martin O'Malley, Bernie Sanders, Barack Obama, and other Democrats. Let's add in the Prince of Wales. With a straight face they make this claim, ignoring any and all other evidence to the contrary. But if that is so, if global warming causes terrorism, then I think the Democrats need to answer this question: why does global warming only turn Muslims into terrorists? There are Jews in the Middle East and Africa. There are Christians in the Middle East and Africa. There are animists,...
  • Obama's climate negotiator: China's CO2 output can keep rising because their economy needs to grow

    11/25/2015 5:34:12 AM PST · by E. Pluribus Unum · 28 replies
    CainTV.com ^ | 11/25/2015 | Dan Calabrese
    Unlike ours, apparently, because we would have to cut back immediately.Let's not forget the other travesty going on in Paris at the moment - the one Obama thinks will really show ISIS that we mean business. That's the one in which elected officials from nations across the globe conspire to raise taxes and put crushing new controls on industry using the pretext of global warming - oh, sorry, "climate change - because the public won't support these policies they've wanted to impose all along if not for some scare scenario about a looming global ecological disaster.Actually the public doesn't support...
  • COP 21: 2015 likely to be warmest on record, says UN weather body (Yeah, right)

    11/25/2015 5:30:36 AM PST · by bestintxas · 20 replies
    bbc ^ | 11/25/15 | m mcgrath
    Global average temperatures in 2015 are likely to be the warmest on record, according to the World Meteorological Organisation (WMO). Data until the end of October showed this year's temperatures running "well above" any previous 12 month period. The researchers say the five year period from 2011 to 2015 was also the warmest on record. The rise, they state, was due to a combination of a strong El Nino and human-induced global warming. The WMO said their preliminary estimate, based on data from January to October, showed that the global average surface temperature for 2015 was 0.73 degrees C above...
  • Riyadh Feels the Pinch: The True Cost of Saudi Subsidies

    11/24/2015 5:15:41 AM PST · by thackney · 18 replies
    Geopolitical Monitor ^ | November 17, 2015 | Kirstin Berndt
    In downtown Riyadh, SUV-populated intersections and lushly landscaped parks leave little indication that Saudi Arabia is rapidly depleting its oil and water resources. The Saudi predilection for gas-guzzling vehicles and water-intensive leisure spaces is hardly surprising- governmental subsidies have long obscured the true cost of these resources. Saudis pay about 60 cents a gallon at the pump, which makes the average cost to fill a tank less than $20. Electricity, powered primarily by oil, costs only USD 0.6 per kilowatt hour. Drinking water supplied to Saudi households is so cheap that it is practically free. These low commodity rates are...
  • King of Sweden calls for a ban on BATHS and admits he is now ‘ashamed’ to run one after...

    11/23/2015 3:18:48 AM PST · by Libloather · 45 replies
    Daily Mail ^ | 11/22/15 | Tom Payne
    King of Sweden calls for a ban on BATHS and admits he is now 'ashamed' to run one after realising how much energy they use The King of Sweden has called for a ban on baths to help save the environment. King Carl XVI Gustaf, who once had a reputation as a lothario and is now a staunch environmentalist, said he realised how much water and energy they used when he was recently staying somewhere without a shower. The 69-year-old 'green king' told Swedish newspaper Svenska Dagbladet: 'It hit me how much water and energy it used. 'I thought "I...
  • Climate change root cause of Syrian war: Britain's Prince Charles

    11/23/2015 2:23:58 AM PST · by ScottWalkerForPresident2016 · 108 replies
    Reuters ^ | 11/23/2015 | Michael Holden
    Britain's Prince Charles has pointed to the world's failure to tackle climate change as a root cause of the civil war in Syria, terrorism and the consequent refugee crisis engulfing Europe. The heir to the British throne is due to give a keynote speech at the opening of a global climate summit in Paris next week where 118 leaders will gather to try to nail down a deal to limit rising greenhouse gas emissions. "Some of us were saying 20 something years ago that if we didn't tackle these issues, you would see ever greater conflict over scarce resources and...
  • Just before Paris climate summit, Britain slashes wind, solar subsidies

    11/21/2015 5:56:19 PM PST · by SeekAndFind · 22 replies
    Hotair ^ | 11/21/2015 | Jazz Shaw
    On November 30th President Obama will join hordes of our ecological betters from around the world at the Paris Climate Summit. Weighty topics of how to save the planet will be discussed and agreements are expected which will further push the cause of eliminating carbon, fossil fuels and everything else we rely on to keep civilization chugging along. One of the leaders in the field of green energy and allegedly reduced carbon emissions has been Great Britain, which makes it all the more odd that just before the big confab kicks off, they’ve , preferring to focus on converting...
  • Arctic melt releasing ancient methane

    05/20/2012 10:31:04 AM PDT · by NormsRevenge · 46 replies
    BBC News ^ | 5/20/12 | Richard Black
    Scientists have identified thousands of sites in the Arctic where methane that has been stored for many millennia is bubbling into the atmosphere. The methane has been trapped by ice, but is able to escape as the ice melts. Writing in the journal Nature Geoscience, the researchers say this ancient gas could have a significant impact on climate change. Methane is the second most important greenhouse gas after CO2 and levels are rising after a few years of stability. There are many sources of the gas around the world, some natural and some man-made, such as landfill waste disposal sites...
  • Billions of Tons of Methane Lurk Beneath Antarctic Ice

    08/29/2012 6:47:54 PM PDT · by NormsRevenge · 60 replies
    LiveScience.com on Yahoo ^ | 8/29/12 | Tia Ghose, LiveScience
    Microbes possibly feeding on the remains of an ancient forest may be generating billions of tons of methane deep beneath Antarctic ice, a new study suggests. The amount of this greenhouse gas which would exist in the form of a frozen latticelike substance called methane hydrate lurking beneath the ice sheet rivals that stored in the world's oceans, the researchers said. If the ice sheet collapses, the greenhouse gas could be released into the atmosphere and dramatically worsen global warming, researchers warn in a study published in the Aug. 30 issue of the journal Nature. "There could be...
  • Hydrocarbons Could Form Deep In the Earth From Methane, Not Animal Remains

    12/25/2012 9:38:49 PM PST · by 2ndDivisionVet · 43 replies
    Popular Science ^ | April 15, 2011 | Rebecca Boyle
    A new study demonstrates how high hydrocarbons could be formed from methane deep within the Earth, aside from the compression and heating of ancient animal remains over the eons. Fused-methane oil would be far less common than your typical petroleum, of course, but the study shows abiogenic hydrocarbons could conceivably occur in some of the planets high-pressure and high-temperature zones. Scientists at Lawrence Livermore National Laboratory used supercomputers to simulate what would happen to carbon and hydrogen atoms buried 40 to 95 miles beneath the Earths crust, where they would be subjected to prodigious pressures and temperatures. They found at...
  • Newly Discovered Methane-Consuming Bacterium Could Help Reduce GHG Emissions ...

    11/26/2007 1:18:22 PM PST · by Red Badger · 33 replies · 157+ views
    www.greencarcongress.com ^ | 11/26/2007 | Staff
    An international team of researchers has discovered a methane-consuming microorganism that lives in extremely acidic conditions. The bacterium could one day be used to reduce methane gas emissions from landfills. It could also help to cut methane emissions from geothermal power stations. Aerobic methanotrophic bacteria (methanotrophs) consume methane diffusing away from methane-producing zones of soil and sediment. Some environments with active methane cyclessuch as marshes and peat bogsare very acidic; however, no cultured methanotroph grows optimally below pH 5. By contrast, the new bacterium is extremely acidophilic, and grows optimally at pH 2.0-2.5. Unlike known methanotrophs, which belong to the...
  • Sanders: 'To hell with the fossil fuel industry'

    11/21/2015 3:35:05 PM PST · by Libloather · 74 replies
    The Hill ^ | 11/21/15 | Mark Hensch
    Sen. Bernie Sanders (I-Vt.) on Saturday called for Republicans to abandon the corrupting influence of the Koch brothers and other wealthy energy magnates. "This is a party that rejects science and refuses to understand that climate change is real," he said of GOP during the annual Blue Jamboree in North Charleston, S.C. "I understand if you stand up to the Koch brothers and the fossil fuel industry, that you'll lose your campaign contributions," the 2016 Democratic presidential candidate added. "[Climate change] is already causing devastating problems all over this world. To hell with the fossil fuel industry. Worry more about...
  • U.S. Cattle Futures Slide Limit-Down, Sending Hog Prices Sharply Lower

    11/21/2015 11:40:43 AM PST · by jjotto · 32 replies
    NASDAQ ^ | November 16, 2015 | Kelsey Gee
    [Excerpt and link] ...Live-cattle futures for December fell 3 cents, or 2.3%, to $1.27675 a pound, after declining 3.1% over the past week on the Chicago Mercantile Exchange. Cattle futures for February were also limit-down, dropping 2.3% to $1.2965 a pound. Feeder-cattle futures for November fell 2.775 cents to $1.7230 a pound. Other feeder-cattle futures were limit-down... ...December lean hogs fell 3 cents, or 5.5%, to 51.80 cents a pound, a fresh six-year low...
  • Ethanol loses its few friends: Even Dr. Ben Carson has backed away from subsidies and mandates

    11/21/2015 1:54:16 PM PST · by george76 · 50 replies
    CFACT ^ | November 17, 2015 | Marita Noon
    in a major policy reversal, Carson .. no longer supports subsidies for any industry, including U.S. ethanol producers ... Plainly irritated, the ethanol industry shot back immediately, saying it receives no government subsidies. But it neglected to mention a very important fact. Instead of subsidies, ethanol producers get something better: a mandate that orders refiners to blend ethanol into motor fuels which forces consumers to buy their product. A federally guaranteed market beats a subsidy every time. The ethanol industry also benefits indirectly from agriculture programs that support farmers who grow corn for ethanol ... In attempt to push more...
  • Lehigh University professor and wife convicted of cheating NASA (Globe'Bull Fraud)

    11/21/2015 10:40:42 AM PST · by Kid Shelleen · 6 replies
    Morning Call (Allentown, PA) ^ | 11/21/2015 | Peter Hall
    Lehigh University engineering professor Yujie Ding and his wife, Yuliya Zotova, appeared to be talented researchers dedicated to advancing science, jurors in their federal fraud trial said. But the Upper Saucon Township couple's commitment to a $700,000 NASA research program turned fraudulent, jurors said, when Ding and Zotova failed to tell the space agency that Zotova's role in the project had ended. The jury Friday found Ding and Zotova guilty of six out of 10 counts of wire fraud for sending NASA fake invoices from the research company Ding owned and Zotova controlled.
  • New global heat records set for October and year-to-date

    Miami (AFP) - Last month was the hottest October in modern history and the first 10 months of the year have also set new records for worldwide warmth, US government scientists said Wednesday. The latest data means that 2015 is firmly on pace for being the most scorching since 1880, as global warming concerns mount ahead of key climate talks in Paris starting later this month. October marked the sixth month in a row that heat records were shattered across the planet, said the monthly report by the US National Oceanic and Atmospheric Administration. "The globally averaged temperature over land...
  • Enough of this Suicidal Religion Nonsense

    11/21/2015 8:48:08 AM PST · by NOBO2012 · 3 replies
    Michelle Obama's Mirror ^ | 11-20-2015 | MOTUS
    Please, can we stop pandering to this suicidal ideology posing as a religion! Wait, what? You’re talking about Islam? I thought we were talking aboutGlobal Warming. I guess in the realm of relativism and moral equivalency they might both be considered the same.This could be the result of Radical Islam…or global warming. Whatever. Prominent Scientists Declare Climate Claims Ahead of UN Summit ‘Irrational’ – ‘Based On Nonsense’ – ‘Leading us down a false path’ - Climate Depot It would be hard to know which side to come down on in these debates because as Monty Python said, “it's such a...
  • Prominent Scientists Declare Climate Claims Ahead of UN Summit ‘Irrational’(trunc)

    11/20/2015 9:45:15 PM PST · by Mariner · 13 replies
    Climate Depot ^ | November 20th, 2015 | By: Marc Morano
    MIT Climate Scientist Dr. Richard Lindzen: 'Demonization of CO2 is irrational at best and even modest warming is mostly beneficial.' - 'When someone says this is the warmest temperature on record. What are they talking about? It’s just nonsense. This is a very tiny change period.' Princeton Physicist Dr. Will Happer: 'Policies to slow CO2 emissions are really based on nonsense. We are being led down a false path. To call carbon dioxide a pollutant is really Orwellian. You are calling something a pollutant that we all produce. Where does that lead us eventually?' Greenpeace Co-Founder Dr. Patrick Moore: 'We...
  • Goldman eyes $20 oil as glut overwhelms storage sites

    11/20/2015 2:13:25 PM PST · by Lorianne · 50 replies
    Telegraph (UK) ^ | 19 November 2015 | Ambrose Evans-Pritchard
    The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned. Goldman Sachs told clients that the increasing glut of oil on the global market has combined with mild weather from a freak El Nino this winter. The twin-effect could send prices plummeting to $20 a barrel, the so-called ‘cash cost’ that forces drillers to abandon production. “Risks of a sharp leg lower remain elevated,” it said. Oil has fallen from $110 a barrel early...
  • Year after key OPEC meeting, oil bankruptcies rise to 37

    11/20/2015 10:22:11 AM PST · by thackney · 8 replies
    Fuel Fix ^ | November 20, 2015 | Collin Eaton
    A year after Saudi Arabia and its oil cartel decided to keep their oil wells running and let plunging prices correct a global oversupply, the number of bankruptcy cases among North American oil drillers has risen to 37. And that figure could double next year if crude stays cheap, as at least as many oil companies appear to be on the precipice of running out of cash or are coming up on deadlines to pay off their debt, attorneys at Dallas-based Haynes & Boone said Friday. The casualty count could end up growing larger than in the 2009 financial crisis,...
  • UAE oil minister defends OPEC’s decision not to cut production

    11/20/2015 4:50:21 AM PST · by thackney · 4 replies
    Al Arabiya ^ | 19 November 2015 | Reuters
    United Arab Emirates’ energy minister said on Wednesday he did not regret last year’s OPEC decision not to cut the production ceiling in the face of falling prices. “I am sure that the decision was right and I am confident that the market will stabilise,” Suhail al-Mazrouei said at an industry conference in Dubai. “We are not regretting the decision we took, we had no option,” he said. “Yes it’s painful for many producers around the world and we share that pain, but it doesn’t mean that we need to do something that is not sustainable.” The Organization of Petroleum...
  • Iraqi Oil Selling at $30 as OPEC Readies for New Battles

    11/19/2015 1:25:17 PM PST · by thackney · 32 replies
    Reuters via Rig Zone ^ | November 19, 2015 | Alex Lawler and Rania El Gamal
    Iraq may increase oil output further in 2016, although less dramatically than this year, intensifying a battle for market share between OPEC members and non-OPEC rivals that has forced Baghdad to sell some crude grades for as little as $30 a barrel. Iraq's output in 2015 has jumped almost 500,000 barrels per day (bpd), or 13 percent, according to the International Energy Agency (IEA). That has made Iraq the world's fastest source of supply growth and a key driver of surging OPEC production. At most, that growth is likely to give way to a modest rise next year, easing downward...
  • While US crude imports rise from Iraq, Saudi’s remain subdued

    11/18/2015 9:48:00 AM PST · by thackney · 4 replies
    Fuel Fix | November 18, 2015 | Matt Smith
    It is Margaret Atwood's 76th birthday, and her 2009 novel 'The Year of the Flood' seems an appropriate way to sum up the crude market this year. We await the weekly EIA inventory report this morning, with oil inventories less than 4 million barrels shy of the record of 490.9 mn bbls seen earlier in the year (...in itself an 80-year high). While a near-2 million barrel build is expected from today's report, last night's API report has put the putty cat among the pigeons by yielding a surprise draw of 0.4 mn bbls. The API report also showed a...
  • Why French Military Action In Syria Doesn’t Affect Oil Prices

    11/18/2015 8:45:38 AM PST · by bananaman22 · 3 replies
    Oilprice.com ^ | 18-11-12015 | apache
    The horrific attacks in Paris prompted a swift response from French President Francois Hollande, as he dispatched an aircraft carrier to the Eastern Mediterranean a day after airstrikes hit the key city ISIS stronghold of Raqqa. The United States responded with airstrikes on Monday, November 16, targeting hundreds of trucks that the U.S. military believes are used for smuggling oil. The NYT reported that 116 trucks were destroyed in American airstrikes by A-10 planes and AC-130 gunships in eastern Syria. ISIS generates millions of dollars per day by smuggling oil from Syrian oil fields, a source of revenue that has...
  • How Global Warming Science Ate The NASA Budget

    11/18/2015 6:39:53 AM PST · by Purdue77 · 7 replies
    The Daily Caller ^ | 11/17/2015 | Andrew Follett
    The Daily Caller (11/17, Follett) reports that according to Representative Lamar Smith, chairman of the House Committee on Science, Space, and Technology, NASA's dedication toward climate research has reduced the funding available for its planetary science and exploration efforts. In an email to the Daily Caller News Foundation, Smith stated, "The Obama administration has consistently tried to cut NASA's space exploration budgets in order to fund increases for Earth science programs," adding, "Just this year, the president proposed drastically cutting NASA's exploration systems by more than $440 million dollars while Earth Science accounts have increased by 63 percent over the...
  • UOG 2015: PM Netanyahu to End Israeli Gas Deadlock 'Within Weeks'

    11/17/2015 11:55:43 AM PST · by thackney · 6 replies
    Rig Zone ^ | November 17, 2015 | Jon Mainwaring
    Israeli Prime Minister Benjamin Netanyahu is weeks away from signing a document that will lead to the resumption of efforts to develop Israel's natural gas sector, the country's energy minister said Tuesday. Rigzone heard Energy Minister Dr. Yuval Steinitz tell the Universal Oil & Gas Conference in Tel Aviv that Prime Minister Netanyahu will meet with the Israeli parliament's Economic Affairs Committee over the next couple of weeks before signing Article 52. This act will end a year-long delay in the development of the Tamar and Leviathan offshore natural gas fields that began when Israel's antitrust authority said in December...
  • Rochester Gas & Electric Works on Plans for a World Without Ginna Nuclear Plant

    11/17/2015 11:49:50 AM PST · by thackney · 4 replies
    Power Engineering ^ | 11/16/2015 | Barry Cassell
    Rochester Gas & Electric filed with the New York State Public Service Commission on Nov. 10 a heavily-redacted copy of an Oct. 27 report on what it is doing, and plans to do, in case the Ginna nuclear plant of Exelon (NYSE: EXC) is retired later this decade. Since last year, Exelon has been working at the New York PSC and the Federal Energy Regulatory Commission (FERC) to extend the life of Ginna, which the company says is not economic to operate in the current power market following the expiration last year of a long-term contract to supply power to...
  • The Fossil Fuel Divestment Movement, if Effective, Will Harm Students and the Poor

    11/17/2015 10:12:21 AM PST · by Kaslin · 4 replies
    Townhall.com ^ | November 17, 2015 | Tracy C. Miller
    Environmental activism among college students has recently been channeled into a movement to pressure college endowments to divest their holdings of stock in companies that extract fossil fuels. Beginning at Swarthmore College, the fossil fuel divestment movement (FFDM) has already had an impact on some colleges and universities, including Stanford, Georgetown, and Oxford. Many activists hope the FFDM will help persuade governments to restrict the extraction and use of fossil fuels. Whatever the economic consequences for colleges and universities, widespread divestment, particularly if it leads to restrictions on fossil fuels, will do a great deal of harm without much benefit...
  • What The Paris Attacks Mean For Commodities Prices

    11/17/2015 9:07:30 AM PST · by bananaman22 · 6 replies
    Oilprice.com ^ | 17-11-2015 | com prices
    The Paris tragedy clearly showed the world that the war on terror has gone global. If that had not already been made clear by terror bombings in Baghdad, Beirut, and the Russian airliner in recent weeks, it was hammered home by Paris. Israeli media (debka.com) reports that no western intelligence picked up any signs of the attack plan. The grim message to the world: It could happen anywhere. For any that still needed to be convinced, the attack also revealed that the greatest threat to the west comes from radical Islam, not from Iran, Russia, or China. That fact was...
  • Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry

    11/16/2015 7:34:10 AM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 16-11-2015 | rus
    Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn. The result is a heavier discount for Russia’s crude oil, the so-called Urals blend. Bloomberg reported that the Urals typically lands in Rotterdam, a major European destination, at a discount to Brent of around $2 or less. But the discount has widened to $3.50 lately due to increased competition...
  • Oil Prices: The Bottom Isn’t In

    11/13/2015 1:57:25 PM PST · by thackney · 22 replies
    Wall Street Journal ^ | Nov. 13, 2015 | SPENCER JAKAB
    How...quaint. U.S. benchmark crude touched the $40 a barrel mark and much economic hand-wringing ensued with the Federal Reserve chief lamenting its effect on the "long-term path of the U.S. economy." Except the chief's name was Greenspan, not Yellen, and it was 11 and a half years ago. Today oil prices threaten to push through that psychological barrier from above, not below. Despite having peaked more than 16 months ago some two-thirds higher than today, prices have yet to find a firm floor. In fact, prices have staged a sudden reversal from what many investors had thought was a stable...
  • Is The Oil Industry Really Subsidized?

    11/13/2015 9:15:26 AM PST · by bananaman22 · 7 replies
    Oilprice.com ^ | 13-11-2015 | pond
    sub•si•dy: (s?b′s?-d?) n. pl. sub•si•dies 1. Monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest. 2. Financial assistance given by one person or government to another. The oil and gas industry is suffering through a severe and prolonged slump due to collapsed oil prices resulting in the loss of hundreds of thousands of jobs worldwide and the destruction of billions, if not trillions, of dollars in shareholder value. Governments in oil-producing jurisdictions, including Alberta, find themselves in severe financial difficulty because cash flow generated by first...
  • Russia in the Arctic: A Different Kind of Military Presence

    11/11/2015 5:54:30 PM PST · by MinorityRepublican · 4 replies
    Stratfor ^ | November 11, 2015
    Russia has been openly re-establishing its military presence in the Arctic for some time now, and recent satellite imagery may give some insight into Moscow's intentions. Detailed images collected by Stratfor's partners at AllSource Analysis clearly show Russia's ongoing construction and development of several permanent bases in the region. Two in particular, one on Alexandra Island and the other on Kotelny Island, reflect the broader pattern in Russia's Arctic activity: Moscow is looking to establish a monitoring outpost and stake a symbolic territorial claim, but it has not yet built up a full-blown combat presence.
  • What Climate Alarmists Want: 'A World Without Capitalism'

    11/11/2015 4:15:56 AM PST · by expat_panama · 32 replies
    Investors Business Daily ^ | 11/10/2015 | Editorial
    Climate Change: Researchers from developed nations who insist that humans are warming the planet have inadvertently given Third World nations a weapon to shake down capitalist nations. Or was that the plan all along? Third World nations haven't developed their economies because their governments are often run by con men, thieves, killers and tyrants. While these governments never recognize that they are the problem, they do know an opportunity for a racket when they see one. Extortion often comes with a veneer of legitimacy, though, and that's what we have in a manifesto produced by Bolivia. It is ostensibly that...
  • Climate Alarmists Are in Panic Mode — Because the Public Isn't

    11/10/2015 2:19:56 PM PST · by HomerBohn · 39 replies
    The New American ^ | 11/9/2015 | William F. Jasper
    With the start of the UN's Climate Summit in Paris only three weeks away, global warming alarmists are in a panic, but opinion polls show most people are not that concerned about the issue. Perhaps that is because more people are becoming aware that, despite the non-stop fright peddling by politicians and media commentators, there has been no measurable global warming for nearly 19 years. As we warned would happen over a year ago (Desperate Dash of Global Warming”), the global warming alarmists are desperately amping up their shrill warnings, in the hopes of creating support for the UN agenda..At...
  • IEA: Cheap oil era could boost reliance on Middle Eastern crude

    11/10/2015 5:53:37 AM PST · by thackney · 18 replies
    Fuel Fix ^ | November 9, 2015 | Collin Eaton
    If crude prices don't bounce back by the end of the decade, an era of cheap oil could consolidate more oil-market power into the hands of a few low-cost producers in the Middle East - raising concerns about energy security for oil-importing nations, the International Energy Agency says. The IEA's closely watched World Energy Outlook, an annual report being released Tuesday, said the world's reliance on Middle Eastern oil exports could "eventually escalate to a level last seen in the 1970s," most profoundly in developing Asian countries like India and China, if oil prices stay low well beyond 2020 and...
  • [Future Headline] Global Warming Causes November Hurricane Kate! Raise Carbon Taxes Now!

    11/09/2015 1:11:51 PM PST · by Robert A. Cook, PE · 7 replies
    The Weather Channel ^ | ublished Nov 9 2015 01:05 PM EST weather.com | NA
    Tropical Storm Kate has strengthened near the central Bahamas. An Air Force Reserve reconnaissance aircraft investigating the system found that maximum sustained winds had increased to 45 mph as of late Monday morning. Kate has maintained this intensity as of early Monday afternoon. Kate is not a direct threat to the United States, but will continue to impact the Bahamas with gusty winds and locally heavy rain through early Tuesday morning. (MORE: Follow Tropical Storm Kate With Our Interactive Storm Tracker) Highlights: Tropical Storm Kate was centered 30 miles east-southeast of Eleuthera in the Bahamas as of early Monday afternoon....
  • UAE Pressing Ahead with Oil Expansion, Betting on Price Recovery

    11/09/2015 5:49:37 AM PST · by thackney · 10 replies
    Reuters via Rig Zone ^ | November 09, 2015 | Maha El Dahan and Stanley Carvalho|
    United Arab Emirates, one of the wealthiest Gulf states, is pushing ahead with large new energy projects, betting an oil price recovery will start as early as next year as demand begins to absorb the global glut. "These are times of some hesitancy, times of pain for some ... But pain is not new ... We will pass it stronger," energy minister Suhail Al Mazrouei told the UAE's biggest annual oil show in Abu Dhabi. "That (oil price drop) didn't change the vision of the UAE ... We are not cancelling projects," he added. Oil prices crashed after Saudi Arabia...
  • Hillary Clinton: People Are Fleeing Syria Because of ‘Climate Change’

    11/08/2015 7:21:11 PM PST · by Impala64ssa · 83 replies
    MFSP News ^ | 11/6/15
    You can’t make this sh*t up. Hillary Clinton lists the reasons why thousands of people are fleeing Syria:”Because of terrible governance, because of corruption, because of conflict, because of climate change.” On Wednesday, a Clinton aide confirmed that the candidate meant what she said on the connections between climate change and refugee crises. “As experts have noted,” the aide said, “climate change is one of the factors that can contribute to displacement and exacerbate refugee situations.” Hillary Clinton, echoing the Marxist agitator Obama who has also said: “Understand, climate change did not cause the conflicts we see around the world,...
  • Bill Nye demolishes climate deniers: “The single most important thing is .... climate change."

    11/08/2015 12:47:28 PM PST · by CedarDave · 124 replies
    Salon ^ | November 6, 2015 | Sean Illling
    On Nov. 10, Bill Nye will release a new book titled “Unstoppable.” As only Bill Nye can, he uses the book to explain the science behind climate change, debunks popular myths, and asks readers to take action in their own lives to create a sustainable future. The book is shot through with optimism, but Nye has no illusions about what lies ahead. The message is simple: Climate change is real; humans are causing it; and we have no choice but to build a better and cleaner world. Salon spoke with Nye about his new book and about his broader intentions....
  • Obama Administration Spends Millions to Study Climate ChangeINDOORS

    08/13/2015 11:14:06 AM PDT · by Olog-hai · 13 replies
    MRC TV ^ | August 12, 2015 7:23 am ET | Dan Joseph
    The people that just accidentally released millions of gallons of toxic materials into a Colorado River have come up with another brilliant plan to combat global warming. [] The Obama Administration has awarded $8 Million in government grants to nine universities to study the impact that climate change has on indoor air quality. The EPA defends the move by claiming that climate changes effects on indoor air pollutants that lead to asthma, as well as mold and mildew, arent well understood.
  • Obama targets fracking as EPA pushes for methane cuts for oil and gas industry

    08/18/2015 6:25:54 PM PDT · by SeekAndFind · 16 replies
    Japan Times ^ | 08/18/2015
    WASHINGTON U.S. authorities on Tuesday proposed the first-ever federal regulations to cut the potent greenhouse gas methane by limiting emissions from the oil and gas industry. The four-part proposal by the Environmental Protection Agency is part of President Barack Obamas Climate Action Plan, aimed at reducing pollution that is hastening human-caused climate change. However, the suggested changes will not, on their own, get the United States to its goal of cutting methane emissions from the oil and gas sector by 40 to 45 percent from 2012 levels by 2025, officials said. We do project that our proposal will achieve...
  • Keystone Pipeline Quiz

    11/07/2015 9:08:00 AM PST · by NOBO2012 · 5 replies
    Michelle Obama's Mirror ^ | 11-7-2015 | MOTUS
    Barack Hussein Obama, Joe Biden and John Kerry walk into a room…BO, Joe and Jean arrive for the Keystone Pipeline funeralQuestion: how many degrees does the ambient I.Q. drop?Yesterday, after 6 years of courting environmentalists, El Presidente finally stuck a fork in the Keystone Pipeline. Because he is the Decider.And besides, who needs energy independence now that the Decider has stabilized relations with all the oil producing companies in the Middle East? Indeed, who needs to rely on any of those disgusting fossil fuels when our Decider has paved the way for alternate energy sources like wind, solar, algae and...
  • Environmental activists tip their hand in the post-Keystone world -- Keep Everything in the Ground

    11/07/2015 11:33:36 AM PST · by SeekAndFind · 9 replies
    Hotair ^ | 11/07/2015 | Jazz Shaw
    After Barack Obama’s totally predictable cancellation of the Keystone XL pipeline project (for now, at least) there was great celebration among the environmental brigade of the Social Justice Warriors. The evil pipeline was dead, along with all the jobs it would bring and the opportunity for us to capture and process much of Canada’s wealth of energy rather than it being shipped to China. (Which it will be anyway when the Northern Gateway Pipeline is complete, whether we get some of it or not.) But as with all things in the liberal enclaves of the country, one victory is...