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Keyword: opec

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  • Israel to provide Russia with intelligence about Syrian opposition

    10/09/2015 8:17:57 AM PDT · by Freelance Warrior · 48 replies
    Israel will provide Russia with intelligence information about opposition sites in Syria to facilitate Moscow’s military operations, Channel 2TV has reported. The Israeli network said that a senior delegation of Russian army officials will arrive in Israel on Tuesday to coordinate the military cooperation. The delegation will be led by First Deputy Chief of General Staff General Nikolai Bogdanovsky, who will meet his Israeli counterpart, Major-General Yair Golan as well as senior officials in Israeli military intelligence, the air force and the Mossad. Channel 2 noted that the visit follows the meeting between Israel’s Prime Minister Benjamin Netanyahu and Russian...
  • BP wins two Iranian oilfield development projects: source

    10/08/2015 8:31:40 PM PDT · by jonatron · 16 replies
    The Tehran Times ^ | 10/8/2015 | Tehran Times Economic Desk
    TEHRAN - Iran has left the development of two oilfields to the energy giant British Petroleum (BP), an informed source told the Tasnim News Agency on the condition of anonymity. The announcement is a follow-up to the September meeting between Iranian Oil Ministry officials and BP top managers, where the Iranian side headed by Amir Hossein Zamani Nia, the deputy oil minister for international affairs and trade, agreed to transfer the development of two oilfields to BP based on the new model of Iranian oil contracts, known as Integrated Petroleum Contract (IPC), which is due to be unveiled soon. ---snip---...
  • The Conventional Wisdom on Putin is Dangerously Wrong It's not about 'order'—it's about empire

    10/08/2015 5:28:01 AM PDT · by lbryce · 17 replies
    Washington Beacon ^ | October 8,2015 | Aaron Mclean
    The official Washington line on Vladimir Putin’s military action is as follows: It is a mistake, demonstrating Russian weakness, sure to get the Russian military stuck in a “quagmire,” according to President Obama. Josh Earnest, the president’s press secretary, took that observation one further, comparing Putin’s policies to those of the Bush administration (the sickest of White House burns) by arguing the Russians “will not succeed in imposing a military solution” just as the U.S. did not succeed in imposing one in Iraq. Adopting the characteristic snark of his boss, at a later press conference Earnest assessed Putin not to...
  • Russian intelligence accused of silencing anti Arctic drilling Norwegian newspaper editor

    10/07/2015 2:05:45 PM PDT · by Trumpinator · 4 replies ^ | Tuesday 6 October 2015 10.04 EDT | Karl Mathiesen
    A Norwegian Arctic newspaper editor who has extensively covered oil drilling in the region was sacked at the behest of the Russian intelligence service, according to Norway’s public service broadcaster. ....snip.... In what could develop into a scandal in the European Arctic, Nilsen was last week controversially fired as editor of the Barents Observer for having “acted disloyally” to the newspaper’s owners. The title is owned by Norwegian Barents Secretariat (NBS), a local government body that promotes good relations with Russia in a region where the two nations cooperate and compete over fishing, oil and military strategy. Remaining Observer staff,...
  • Saudi Arabia cuts oil prices amid OPEC price war

    10/07/2015 12:50:47 PM PDT · by Lorianne · 30 replies
    Market Watch ^ | 04 October 2015 | Benoit Faucon
    Saudi Arabia on Sunday made deep reductions to the prices it charges for its oil, hard on the heels of cuts last month by rival producers in the Gulf. With U.S. production still increasing despite lower oil prices, members of the Organization of the Petroleum Exporting Countries are battling to keep their share of the last growing markets in Asia. In a list of official prices sent to customers, state-oil company Saudi Aramco cut the price of its light-crude deliveries to Asia by $1.7 a barrel. As a result, it switched to a discount of $1.6 a barrel against the...
  • Kasparov: Putin's Goal in Syria Is Chaos

    10/07/2015 11:52:13 AM PDT · by RummyChick · 25 replies
    newsweek ^ | 10/7 | kasparov
    ...The greatest danger isn't in confronting Putin, it's in waiting so long to do so that the stakes will be incredibly high. The longer we wait, the more confident he becomes and the more dangerous the eventual confrontation will be. Stopping Putin will be harder now than it would have been two years ago, but easier than it will be a year from now.
  • Obama calls on nation to ‘refashion the social compact,’ strengthen labor union powers

    10/07/2015 11:26:18 AM PDT · by jazusamo · 28 replies
    The Washington Times ^ | October 7, 2015 | Ben Wolfgang
    President Obama on Wednesday called on U.S. business, labor and political leaders to “refashion the social compact” and strengthen union powers across the country, arguing that the troubling trend of declining middle-class wages can be turned around by redefining the basic principles of workers’ rights. During a speech at a White House summit on working Americans, the president drew a direct link between drops in union membership and the stagnation of most workers’ wages. Mr. Obama also said that workers’ anxiety about their job security and whether they’ll be afford to feed their families contributes to “anti-immigration sentiment” and other...
  • Obama cites labor’s role in US economy amid trade rift

    10/07/2015 11:10:27 AM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Oct. 7, 2015 1:28 PM EDT
    President Barack Obama says labor laws should be strengthened and it should be easier for workers to join unions. Obama made the comments at a White House workers’ summit on Wednesday—just as there’s a rift with labor over a Pacific Rim trade agreement. …
  • Huge oil discovery on Golan Heights

    10/07/2015 3:29:07 AM PDT · by Wiz-Nerd · 26 replies
    Globes English ^ | 07/10/2015 | Globes correspondent
    Estimates are that the amount of oil found will make Israel self sufficient for very many years to come. After more than a year of round-the-clock drilling, large amounts of oil have been found on the Golan Heights. Estimates are that the amount of oil discovered will make Israel self sufficient for very many years to come. Afek Oil and Gas chief geologist Dr. Yuval Bartov told Channel 2 News, "We are talking about a strata which is 350 meters thick and what is important is the thickness and the porosity. On average in the world strata are 20-30 meters...
  • With Troops On the Ground, Did Russia Just Take Over OPEC?

    10/06/2015 3:00:59 PM PDT · by Hojczyk · 22 replies
    Real Clear Markets ^ | October 6,2015 | Mark Mills
    Here's the rub: A new normal price of even $60 remains economically devastating for OPEC at large, for the Middle East, and, in particular, for Russia. But a $60 price (it's still $45 at press time) would re-ignite a profit-seeking land rush in America's shale fields. Russian oil experts likely remember that the rise of America's shale began when oil was below $60. And it was wildly profitable back then with technology and techniques that were half as efficient as those now available. Thus the emerging global petroleum pricing problem for Russia is severely constrained by the sheer quantity of...
  • Russia to meet with Oil Producers to address the low price of oil.

    10/06/2015 12:29:38 PM PDT · by 100American · 18 replies ^ | OCTOBER 6TH, 2015 | DR. KENT MOORS
    Over the weekend, Russian Energy Minister Alexander Novak announced that Moscow is ready to meet with both OPEC and other oil producers to address the low price of oil. For the first time in nearly 11 months, geopolitics is likely to give support to higher crude, and oil prices saw a new push. Ever since OPEC decided last Thanksgiving to defend market share rather than price, crude has been in a swoon. That has had a major negative impact on countries relying upon the sale of oil to balance their central budgets. All producing countries have been affected as oil...
  • Official: Libya's Oil Output Down To 300,000 Bpd

    10/05/2015 12:37:30 PM PDT · by thackney · 9 replies
    Reuters via Rig Zone ^ | October 05, 2015 | Ahmed Elumami
    Libya's oil production has dropped to 300,000 barrels per day, less than a quarter of what it produced before the 2011 fall of Muammar Gaddafi, mostly because of insecurity and closed pipelines, a top official said. The North African state is caught in a conflict between two rival governments and their armed allies -- one internationally recognised, and the other a self-declared administration that took over Tripoli last year. Naji Moghrab, the top state oil official with the recognised government, told a local television channel late on Sunday output was at 300,000 bpd because of fighting between various armed factions...
  • Saudi Clerics Call for Jihad Against Syrian Government, Russia, Iran

    10/05/2015 9:17:01 AM PDT · by marshmallow · 29 replies
    The Moscow Times ^ | 10/5/15 | Reuters
    Dozens of Islamist Saudi Arabian clerics have called on Arab and Muslim countries to "give all moral, material, political and military" support to what they term a jihad, or holy war, against Syria's government and its Iranian and Russian backers. Although the clerics who signed the online statement are not affiliated with the government, their strong sectarian and anti-Christian language reflects mounting anger among many Saudis over Russian and Iranian involvement in Syria's civil war. Russia last week started airstrikes against Syrian opposition targets that it describes as aimed at weakening the jihadist Islamic State group, a move Riyadh has...
  • Russia ready to meet OPEC to talk oil prices

    10/05/2015 5:13:52 AM PDT · by thackney · 23 replies
    CNBC ^ | Oct 5, 2015 | Holly Ellyatt
    Russia is ready to meet with members of the Organization of Petroleum-Exporting Countries (OPEC) -- as well as non-member oil producers -- to discuss the situation facing global oil markets, according to the country's oil minister. Alluding to a possible meeting with the 12-member oil producer group OPEC, Energy Minister Alexander Novak said Saturday "if such consultations are to happen, we are ready to take part," Reuters reported, although he did not say when and if such a meeting may take place. In addition, he told reporters that a meeting between officials from Russia and Saudi Arabia was being planned...
  • Volkswagen Emissions Probe Zeroes In on Two Engineers

    10/05/2015 12:23:46 AM PDT · by Brad from Tennessee · 45 replies
    Wall Street Journal ^ | October 4, 2015 | By William Boston
    WOLFSBURG, Germany—Two top Volkswagen engineers who found they couldn’t deliver as promised a clean diesel engine for the U.S. market are at the center of a company probe into the installation of engine software designed to fool regulators, according to people familiar with the matter. The two men, Ulrich Hackenberg, Audi ’s chief engineer, and Wolfgang Hatz, developer of Porsche’s winning Formula One engines, were among the engineers suspended in the investigation of the emissions cheating scandal that sank the company’s market value by 43% since Sept. 18 and triggered a world-wide recall to refit the engines to meet clear-air...
  • India’s Climate Change Bill: $2.5 Trillion (India and China will never spend)

    10/04/2015 10:37:24 AM PDT · by dennisw · 16 replies
    powerlineblog ^ | Posted on October 4, 2015 | Steven Hayward
    There are high expectations for the next UN climate summit taking place in Paris in late November and early December. Obama is determined to get a “binding” international treaty to succeed the failed Kyoto Protocol. One of the major sticking points all along has been the reluctance of developing nations, especially China and India, to commit to significant emissions reductions which would reduce their economic growth. So China, India, and other nations were exempted from the Kyoto Protocol, and now China is the top emitter of greenhouse gases in the world. The strategy for the next treaty will be not...
  • The smartest economist you've never heard of

    10/04/2015 2:13:49 PM PDT · by SunkenCiv · 10 replies
    Washington Post ^ | Saturday, October 3, 2015 | Steven Pearlstein
    When David Lipton, a promising economist, was finishing his graduate work at Harvard in the early 1980s, he faced one of those potentially life-changing choices. He had one job offer from the International Monetary Fund in Washington, the multinational institution that for 70 years has served as a lender of last resort and dispenser of orthodox economic advice to countries that get into financial trouble. There was also an offer of a teaching job from the University of Virginia. Unsure of which path to take, he turned for advice to an intellectually restless and charismatic assistant professor, a Frenchman named...
  • 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...
  • Scientists solve the riddle of deep ocean carbon

    09/28/2015 11:43:10 AM PDT · by JimSEA · 19 replies
    Science Daily ^ | 9/28/2015 | Jeffery Hawk, et al
    A crucial process has been identified to explain the reason why dissolved organic carbon (DOC) levels in the deep oceans are constant despite a continuous supply from the surface ocean. This research has been published today in the journal Nature Geoscience and was conducted by scientists from the National Oceanography Centre (NOC) and The University of Southampton. Dr Jeff Hawkes, the lead author of this study, from the NOC said: "There has been a long outstanding question about whether hydrothermal vents are a source or sink of organic carbon to the oceans. We have shown that hydrothermal vent fluids contain...
  • Saudi royal calls for regime change in Riyadh

    09/28/2015 11:31:10 AM PDT · by tcrlaf · 11 replies
    UK Guardian ^ | 9-28-2015 | Hugh Miles
    A senior Saudi prince has launched an unprecedented call for change in the country’s leadership, as it faces its biggest challenge in years in the form of war, plummeting oil prices and criticism of its management of Mecca, scene of last week’s hajj tragedy. The prince, one of the grandsons of the state’s founder, Abdulaziz Ibn Saud, has told the Guardian that there is disquiet among the royal family – and among the wider public – at the leadership of King Salman, who acceded the throne in January.
  • Shell says it will cease Alaska offshore Arctic drilling

    09/27/2015 11:59:44 PM PDT · by Olog-hai · 17 replies
    Associated Press ^ | Sep. 28, 2015 2:15 AM EDT | Dan Joling
    Royal Dutch Shell will cease exploration in Arctic waters off Alaska’s coast following disappointing results from an exploratory well backed by billions in investment and years of work. The announcement was a huge blow to Shell, which was counting on offshore drilling in Alaska to help it drive future revenue. Environmentalists, however, had tried repeatedly to block the project, and welcome the news.Shell found indications of the oil and gas in the well in the Chukchi Sea about 80 miles off Alaska’s northwest coast, the company said Monday in a release from The Hague, Netherlands. However, the petroleum was not...
  • Oil industry workers seek unemployment benefits

    09/28/2015 5:39:11 AM PDT · by thackney · 22 replies
    Bismarck Tribune ^ | 9/28/2015 | Jessica Holdman
    As Halliburton officials confirmed laying off workers at its Williston offices earlier this month, many in the industry are anticipating more layoffs to come as the price of oil and the state drilling rig count continue to drop. "I think the next four to five months are going to be a struggle," said North Dakota Petroleum Council President Ron Ness. From September 2014 to as recently as August, 4,552 individuals working for oil-related companies received unemployment benefit payments, according to North Dakota Job Service data. These include positions related to drilling, extraction and support activities, according to Michael Ziesch, Job...
  • OPEC’s Family Feud

    09/28/2015 5:47:49 AM PDT · by thackney · 17 replies
    Hellenic Shipping News ^ | 9/28/2015 | Hellenic Shipping News
    When Venezuelan Oil Minister Juan Pablo Pérez Alfonso resigned in 1963, he blasted the Organization of Petroleum Exporting Countries, at the time torn by internal rivalries, for failing to produce any benefits for his country. Half a century later, OPEC is still split and Venezuela is again unhappy, this time at the unwillingness of the organization’s top producer, Saudi Arabia, to rescue oil prices from a six-year low that’s dragging the battered Venezuelan economy into an even deeper crisis. On Sept. 10, Venezuela’s oil minister, Eulogio del Pino, tweeted appeals for OPEC and non-OPEC countries “to have a discussion on...
  • World's largest PR firm won't represent coal producers or climate change 'deniers' anymore

    09/25/2015 10:36:46 AM PDT · by SeekAndFind · 18 replies
    Fortune ^ | 09/25/2015 | by Michal Addady
    Edelman, the world’s largest public relations company, has decided not to continue working with certain environmentally unfriendly companies after receiving negative publicity, the Guardian reports. Edelman was recently criticized for working with fossil fuel companies and fake front groups that supported a Canadian pipeline project. They have since decided to stop working with coal producers, since they’re the biggest contributors to climate change, and groups that try to “greenwash” the truth and spread misinformation. Edelman, which grew 8.5% in the 2014-2015 fiscal year according to PR Week, lost a good number of big clients when it made clear its position...
  • Hillary Clinton: I Oppose the Keystone XL Pipeline (to combat global warming)

    09/22/2015 1:58:44 PM PDT · by Zakeet · 35 replies
    NBC News ^ | September 22, 2015 | Monica Alba and Carrie Dann
    After months of declining to take a position on the Keystone XL pipeline, Democratic presidential candidate Hillary Clinton says she opposes the construction of the project. "I think it is imperative that we look at the Keystone XL pipeline as what I believe it is: A distraction from the important work we have to do to combat climate change, and, unfortunately from my perspective, one that interferes with our ability to move forward and deal with other issues," she said during a campaign event in Iowa Tuesday. "Therefore, I oppose it. I oppose it because I don't think it's in...
  • Editorial: Governor’s energy plan is excellent future blueprint

    09/20/2015 8:10:27 AM PDT · by brownwill6767 · 1 replies
    Albuquerque Journal ^ | 9/20/15 | Albuquerque Journal Editorial Board
    New Mexico has a wealth of energy resources. And now it has a comprehensive plan to help guide development of those riches to grow the state’s economy. Last week at the 2015 Southeastern New Mexico Mayor’s Energy Summit in Carlsbad, Gov. Susana Martinez laid out a broad “all of the above” energy policy. “There is no reason we shouldn’t be an energy leader,” she later told attendees at the eighth annual Domenici Public Policy Conference in Las Cruces. Her plan embraces a wide range of energy sources, ranging from oil and gas to solar, wind and up-and-coming technologies, such as...
  • VIDEO: The Future of Fracking

    09/18/2015 2:56:57 PM PDT · by RaceBannon · 7 replies
    The Jacki Daily Show ^ | 2/9/15 | Jacki Daily
    Texas Railroad Commissioner Christi Craddick Discusses the Future of Fracking in Texas
  • CRY US A CONTAMINATED RIVER: EPA Chief Takes a Beating at Senate Hearings

    09/17/2015 6:56:04 AM PDT · by george76 · 31 replies
    ColoradoPeakPolitics ^ | September 16, 2015
    It was a dirty river before, it’s a dirtier river now, we’re moving on. That sums up the attitude of EPA Administrator Gina McCarthy who testified before two Senate committees today. Democratic lawmakers made excuses for the agency while Republicans hammered at McCarthy to take responsibility for the rusty contaminated sludge her agency unleashed on the Animas River and across three states. ... Has anyone been fired for …? ... Colorado’s Sen. Cory Gardner attended both hearings, and drilled McCarthy on the agency’s appalling lack of telephone etiquette – downstream users weren’t notified until days after the incident. When Gardner...
  • Russia Says It May Send Troops Into Combat In Syria As A Worried Netanyahu Heads To Moscow

    09/18/2015 7:37:11 AM PDT · by Wilderness Conservative · 27 replies
    Zero Hedge ^ | 9/18/15
    On Thursday evening, we detailed a Reuters report which suggested that the influx of Russian technical and logistical support to Bashar al-Assad’s depleted army at Latakia might have breathed new life into the regime as it seeks to rout Islamic State and a whole host of other armed groups fighting for control of Syria. “Foreign Minister Walid al-Moualem said on Thursday Russia had provided new weapons and trained Syrian troops how to use them,” Reuters said, before describing what certainly sounds like an invigorated air campaign against the de facto ISIS capital at Raqqa. Importantly, al-Moualem also indicated that Syria...
  • For Canadian Oil Sands It’s Adapt Or Die

    09/17/2015 3:11:24 PM PDT · by bananaman22 · 9 replies ^ | 17-09-2015 | Albert
    That low oil prices are squeezing out oil sands producers is not breaking news. But in spite of a grim oil price outlook, production out of Calgary has continued to grow, defying both expectations and logic. The implications are serious, not just for the future of Canada’s energy industry and economy, but also North American energy relations. In June 2015, the Canadian Association of Petroleum Producers (CAPP) revised down its 2030 production forecast to 5.3 million barrels per day (mbd). A year earlier the group predicted Canada would be able to produce 6.4 mbd by 2030. This is compared to...
  • Trolls on tour: how Kremlin money buys Western journalists

    09/17/2015 1:58:13 AM PDT · by AdmSmith · 7 replies
    Euromaidan Press ^ | 2015/08/20 | Kentrails Research collective
    In the summer of 2014, a photographic exhibition on the conflicts in Ukraine and Syria appeared in Berlin and Brussels. Its advertising promised to present a “balanced, truthful picture.” The organizers meticulously disguised their identities. At the same time, they offered huge amounts of money to Western journalists without mentioning the conditions. The Kentrails research collective, an antifascist watchgroup, has researched the exhibition’s background and uncovered a propaganda network in which Russian right-wing extremists collaborate with the Kremlin-associated St. Petersburg “troll factory” in an attempt to impact the Western public.
  • New Donald Trump Video Series "Trump Talks". He Takes Your Calls.

    09/02/2015 6:02:28 PM PDT · by StevenCrowder · 20 replies ^ | 08/02/2015 | Steven Crowder
    This one's all in good fun. But a new video series, "TrumpTalks" in which Donald Trump takes calls from you, the voters. Do not click if you don't like comedy or are easily offended by even the slightest of jokes at Donald Trump's expense.
  • Jacki Daily Show:Unvieling the anti-fracking movement

    09/16/2015 3:14:51 PM PDT · by RaceBannon · 9 replies
    The Jacki Daily Show ^ | 9/14/2015 | Jacki Pick
    Unveiling the AntiFracking Movement & How Fracking Brings Manufacturing Boom 9/14/15
  • Chinese methanol project to break ground in Louisiana

    09/16/2015 2:07:06 PM PDT · by thackney · 9 replies
    Fuel Fix ^ | September 16, 2015 | Jordan Blum
    The groundbreaking of a $1.85 billion Chinese investment for a Louisiana chemical plant is slated for Friday with London-based Amec Foster Wheeler newly signed on for engineering services and more. China’s Shandong Yuhuang Chemical Co. formed the Yuhuang Chemical Inc. in Houston last year to develop the large methanol plant in Louisiana’s St. James Parish, which is between New Orleans and Baton Rouge. Methanol is primarily used to make other commercial chemicals. The project is part of the massive growth of petrochemical projects in Texas and Louisiana as companies seek to take advantage of cheap natural gas feedstocks coming from...
  • NO SEA LEVEL danger from Antarctic this century, even if ALL COAL and OIL burned

    09/15/2015 9:17:58 AM PDT · by dayglored · 22 replies
    The Register ^ | Sep 15, 2015 | Lewis Page
    Hardcore warmist's amazing admission One of the world's most firmly global-warmist scientists has put his name to a scientific paper which says that even if humanity deliberately sets out to burn all the fossil fuels it can find, as fast as it can, there will be no troublesome sea level rise due to melting Antarctic ice this century. Dr Ken Caldeira's credentials as a global warmist are impeccable. He is not a true green hardliner - he has signed a plea to his fellow greens to get over their objections to nuclear power, for instance, and he doesn't totally rule...
  • OPEC says the world will want more of its oil next year

    09/14/2015 9:16:22 AM PDT · by Citizen Zed · 38 replies
    Reuters ^ | 9-14-2015 | ALEX LAWLER
    OPEC on Monday predicted higher demand for its crude oil next year, sticking to its view that a strategy of letting prices fall will tame the U.S. shale boom and cut a global surplus. The monthly report from the Organization of the Petroleum Exporting Countries also said a weaker outlook for China would contribute to slower global oil demand growth next year. "U.S. oil production has shown signs of slowing," OPEC said in the report. "This could contribute to a reduction in the imbalance of oil market fundamentals, however, it remains to be seen to what extent this can be...
  • Saudi Arabia says no need for oil summit

    09/14/2015 5:25:36 AM PDT · by thackney · 3 replies
    Reuters via Al Arabiya ^ | 11 September 2015 | Rania El Gamal
    Top oil exporter Saudi Arabia sees no need to hold a summit of producing countries’ heads of state if such discussions would fail to produce concrete action toward defending oil prices, sources familiar with the matter said on Thursday. The comments followed a meeting of Gulf Arab oil ministers with Qatar’s emir in Doha, at which a Venezuelan proposal for an OPEC and non-OPEC summit was discussed. Oil prices have more than halved since summer last year on an oversupplied market as well as a decision by OPEC to defend market share and discourage competing supply sources, rather than cut...
  • Saudi Arabia says it has taken in 2.5 million Syrians since conflict began

    09/12/2015 7:46:50 PM PDT · by BenLurkin · 46 replies
    Sac Bee ^ | September 12, 2015 | Associated Press
    It says they are free to move around the country and that several hundreds of thousands who have chosen to stay have been granted residency status, giving them access to work, schools and free medical care. There were no details on how many of the Syrians remain in the country.
  • California’s Climate Change Revolt

    09/12/2015 4:39:06 PM PDT · by Brad from Tennessee · 57 replies
    Wall Street Journal ^ | September 11, 2015 | Editorial
    The environmental lobby has tried to turn climate change into a social justice issue even though its anticarbon policies disproportionately harm the poor. Honest Democrats are starting to admit this, as we saw in this week’s stunning revolt in the California legislature. Jerry Brown doesn’t have much to show for his second turn in Sacramento, and of late he has focused his legacy attention on reducing carbon emissions. The Governor hailed California as a model of green virtue at the Vatican this summer and had hoped to flaunt sweeping new anticarbon regulations at the U.N’s climate-change summit in Paris this...
  • Study Predicts Antarctica Ice Melt if All Fossil Fuels Are Burned

    09/12/2015 1:51:58 PM PDT · by Ernest_at_the_Beach · 59 replies ^ | SEPT. 11, 2015 | JUSTIN GILLIS
    Burning all the world’s deposits of coal, oil and natural gas would raise the temperature enough to melt the entire ice sheet covering Antarctica, driving the level of the sea up by more than 160 feet, scientists reported Friday.In a major surprise to the scientists, they found that half the melting could occur in as little as a thousand years, causing the ocean to rise by something on the order of a foot per decade, roughly 10 times the rate at which it is rising now. Such a pace would almost certainly throw human society into chaos, forcing a rapid...
  • Uh huh – New studies say global warming could trigger an ice age

    09/11/2015 12:55:29 PM PDT · by Jack Hydrazine · 117 replies ^ | 11SEP2015 | Robert Felix
    “Scientists fear ‘Day After Tomorrow’ climate change,” shouts the headline on MSNBC. According to two new studies, global warming could (supposedly) shut down ocean circulation. This could drop vast stretches of Asia into drought and expose the entire Northern Hemisphere to severe ice and snow. “This change would be sudden and sharp enough to roil civilization—happening in as little as three years and resulting in as much as an 18-degree Fahrenheit drop in average temperatures,” says this article by Tony Dokoupil. Dokoupil tells the story of Jud Partin, a geophysicist at the University of Texas, who gathered new geological data...
  • Watch leading energy expert Dr. Daniel Fine as he discusses the impact of falling global oil prices

    09/11/2015 2:18:13 PM PDT · by brownwill6767 · 13 replies
    John Locke Foundation ^ | 8/21/15 | Daniel Fine
    Dr. Daniel Fine, associate director of the New Mexico Center for Energy Policy, discusses the impact of falling oil prices on the domestic energy industry.
  • Why Saudi Arabia’s Pursuit Of Market Share Is Self-Defeating

    09/11/2015 9:57:16 AM PDT · by bananaman22 ^ | 11-09-2015 | Anders
    The Saudis are on track to sacrifice ~$100 billion in crude export revenues in 2015, or 45 percent of 2014’s ~$219 billion in crude export revenues, in pursuit of market share, the measure of success Saudi Oil Minister Ali bin Ibrahim Al-Naimi announced at the November 27, 2014 OPEC meeting. What do the Saudis plan as their encore in 2016? Will they continue pursuing market share over other goals (e.g., total revenue, economic diversification, OPEC conciliation), or will they alter course, and if so, is there a superior alternative? Publicly, Saudi officials appear unwavering in support of market share. The...
  • In historic first, US icebreaker reaches North Pole: What will it do there?

    09/10/2015 11:03:13 AM PDT · by thackney · 60 replies
    Christian Science Monitor ^ | SEPTEMBER 10, 2015 | Kevin Truong
    Our nation's youngest icebreaker – US Coast Guard Cutter Healy – is all grown up, becoming the first US surface ship Saturday to make the trip to the North Pole unaccompanied. Submarines normally follow ships underneath the ice. Admittedly, "all grown up" might be the wrong phrase, Healy is a 420-foot, 16,000-ton, 30,000-horsepower ship, that’s capable of breaking more than 10 feet of ice. The vessel made the journey from Dutch Harbor, Alaska, in less than a month, powering through the frigid water and enormous blocks of ice one week ahead of schedule. In addition to helping the Coast Guard’s...
  • Is OPEC Too Big To Fail? Not Anymore

    09/10/2015 10:11:29 AM PDT · by bananaman22 · 2 replies ^ | 10-09-2015 | OPEC collapse
    A lot of people, including several OPEC members, thought the oil slump would be easing by now. Instead, as oil prices languish near multi-year lows and experience unprecedented volatility, it’s now unclear how long it will take oil prices to recover. Indeed, OPEC now appears poised to wait out the period of low prices even if that takes months or even a couple of years. The fact of the matter is that despite the calls of Venezuela and Algeria, Saudi Arabia and other major OPEC members don’t seem too concerned about the current low prices. Venezuela in particular has been...
  • More Iranian Oil Could Hit The Market Now That Iran Deal Is Assured

    09/09/2015 1:18:57 PM PDT · by bananaman22 · 8 replies ^ | 09-09-2015 | Parker
    U.S. President Barack Obama’s signature foreign policy initiative – the historic nuclear deal with Iran – appears poised to fend off Congressional opposition. After several Democratic lawmakers in the U.S. Senate came out in support of the Iran deal in recent days, the survival of the accord is all but assured. Democratic Senators Ron Wyden (D-OR) Richard Blumenthal (D-CT), and Gary Peters (D-MI) all announced their support for the nuclear deal with Iran, bringing the total number of Senators who have backed the deal to 41, enough to withstand attempts by Republicans to derail the agreement. The deal will give...
  • Obama calls for more icebreakers despite lack of funds [global warming alert!]

    09/08/2015 5:32:04 PM PDT · by markomalley · 9 replies
    Washington Times ^ | 9/8/15 | Rowan Scarborough
    President Obama’s urgent call to construct a new fleet of heavy Coast Guard icebreakers to monitor the contested Arctic is belied by his recent budgets that slashed funding for even one new ship. Mr. Obama, in a game of polar ice chess with Russian President Vladimir Putin and his 40-plus icebreakers, made the gap one of his themes as he toured Alaska last week. Officials say the U.S. needs to keep pace in the face of an increasingly serious challenge by Russia, which is making new territorial claims on the Arctic. But even by the White House’s own internal projections,...
  • IS captures key oil field in Syria

    09/07/2015 7:31:51 AM PDT · by BenLurkin · 15 replies ^ | September 7, 2015 Last Updated at 18:46 IST
    The fall of the al-Jazal oil field in the Homs province came after intense fighting with government troops, Xinhua quoted the Syrian Observatory for Human Rights as saying. ... The government had already lost the oil and gas fields in Deir al-Zour. Kurdish militants in northern Syria also control the country's largest Rmailan oil field. Clashes are still raging near the field, the Observatory said. The oil industry had been a pillar of the Syrian economy until the crisis broke out more than three years ago, with a daily output of about 380,000 barrels. ...
  • Maduro: Global Oil Price Should be a Minimum of $70

    09/08/2015 9:11:00 AM PDT · by thackney · 51 replies
    Rig Zone ^ | September 08, 2015 | Reuters
    The global price of oil, which has slid more than half in the last year, should be a minimum $70 per barrel in order for necessary petroleum investments to be maintained, Venezuela's President Nicolas Maduro said. OPEC member Venezuela relies on crude for more than 95 percent of revenues and is one of the worst-hit producers by the fall in prices from more than $100 a year ago. Brent futures were at $48.43 on Tuesday, while U.S. crude was at $45.05 a barrel. "All the big oil investments need, at a minimum, a price of $70 to be sustainable," Maduro...
  • OPEC Accepts Indonesia’s Return to Oil Group

    09/08/2015 8:12:59 AM PDT · by thackney · 2 replies
    Wall Street Journal ^ | Sept. 8, 2015 | I MADE SENTANA, BENOIT FAUCON and SUMMER SAID
    OPEC has notified Indonesia that the country can rejoin the oil-producing group when it next meets in December, officials on both sides said Tuesday. Indonesia had been a member of the Organization of the Petroleum Exporting Countries for 47 years until it suspended its membership in Jan. 1, 2009 after it turned into a net oil importer in the early 2000s. Its readmission into the world’s biggest club of oil exporters could complicate OPEC’s decision making as the group grapples with surging production from the U.S. and elsewhere. Sudirman Said, Indonesia’s oil minister, said in May that the country would...