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Keyword: opec

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  • Nigeria: An OPEC Country On The Brink Of Collapse

    05/23/2016 4:41:03 PM PDT · by 2ndDivisionVet · 8 replies
    Seeking Alpha ^ | May 22, 2016
    Situation in Nigeria For a country that produced nearly 2.4 million barrels of oil (NYSEARCA:USO) per day just a few months ago, Nigeria is facing some really serious issues. A militant group called the Niger Delta has disrupted the country's 2.4 million b/d of production by blowing up pipelines, hassling producers, and threatening to destroy additional oil producing facilities. As a result, Nigeria's oil production has fallen from 2.4 million b/d to 1.4 million b/d and further pressuring a growing nation more and more reliant on its oil as revenue. Nigeria is a fast growing country. Its economy is the...
  • Anchor: Clinton Presidency ‘Should Freak People Out,’ Will Hurt N Dakota By Targeting Fracking

    05/21/2016 3:24:42 PM PDT · by 2ndDivisionVet · 13 replies
    The Washington Free Beacon ^ | May 20, 2016 | Aaron Kliegman
    The host of a local North Dakota news show told viewers Friday that the prospect of a Hillary Clinton presidency “should freak people out” because she will badly damage the state’s economy by going after fracking, which will hurt the oil and gas industry and cost jobs. Chris Berg, the anchor of 6:30 Point of View, a show on CBS affiliate KXJB Valley News Live, discussed North Dakota’s economic struggles as Clinton’s husband, Bill, was in Fargo, North Dakota for a campaign rally. Berg explained that the North Dakota Office of Management and Budget released a revenue report on Friday...
  • Plan Calls To Limit Oil Imports (RADIO INTERVIEW)

    05/18/2016 6:05:22 PM PDT · by panhandle67 · 45 replies
    High Plains Observor Perryton ^ | 5/18/16 | Chris Samples
    Some Panhandle producers are announcing a proposal to try to limit oil imports to attempt to boost the American oil industry. So, how much are we importing now and why, if we can produce all we need domestically? Dr. Daniel Fine, associate director for New Mexico Energy Policy, is helping lead the effort and recently spoke with KXDJ’s Chris Samples. “How much? It is increasing,” said Dr. Fine.
  • EPA seeks to boost ethanol in fuel supply

    05/18/2016 2:26:28 PM PDT · by jazusamo · 43 replies
    The Hill ^ | May 18, 2018 | Timothy Cama
    The Environmental Protection Agency (EPA) wants to increase the amount of ethanol and other biofuels in the nation’s fuel supply. But the volumes proposed Wednesday under the renewable fuel standard (RFS) still fall under targets written into the 2007 law that created the program. That ended up angering both the ethanol industry, which wants more of its product to be mandated, and the oil industry, which wants the program rolled back. The agency plans to mandate that 18.8 billion gallons of biofuels be blended into the country’s gasoline and diesel supply next year. Of that amount, 14.8 billion gallons can...
  • Building trade unions denounce labor partnership with billionaire environmentalist Tom Steyer

    05/16/2016 1:05:22 PM PDT · by OddLane · 6 replies
    Washington Post ^ | May 16, 2016 | Matea Gold
    A new super PAC partnership between billionaire environmentalist Tom Steyer, the AFL-CIO and major public sector employee unions has triggered an angry backlash among the building trade unions -- dividing organized labor just as it ramps up its 2016 political programs. In letters delivered Monday to AFL-CIO President Richard Trumka, the presidents of eight building trade organizations called on the AFL-CIO to cut ties with Steyer, whose opposition to an extension of the Keystone XL Pipeline infuriated unions that had championed the jobs that the oil pipeline would have created.
  • Moody's Downgrades Saudi Arabia on Lower Oil Prices

    05/15/2016 12:33:12 AM PDT · by nickcarraway · 8 replies
    Jakarta Post ^ | Sun, May 15 2016
    Saudi Arabia's credit rating has been downgraded by Moody's because of the long and deep slump in oil prices. Moody's Investors Service said Saturday that it also downgraded Gulf oil producers Bahrain and Oman. It left ratings unchanged for other Gulf states including Kuwait and Qatar. Saudi Arabia is the world's largest oil exporter. Moody's cut the country's long-term issuer rating one notch to A1 from Aa3 after a review that began in March.
  • Oil prices in light of oil sands shutdown, oil strike in Israel

    05/14/2016 10:16:24 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 05/14/16 | A. Dru Kristenev
    Fire feeds on oil: In the world of eco-terrorism, Islamic terrorism, it doesn't make much difference: Pitch western civilization backward a thousand years into another dark age A number of seemingly disparate variables are influencing the world’s volatile equation of oil and fire, needing just a spark to ignite a conflagration. And one of huge proportions has been blazing well to the north of us in Alberta, consuming the tinder dry landscape surrounding Ft. McMurray, the hub of Canada’s oil sands development. Initial cause of the fire is yet undetermined, investigators employing drones to examine the hundreds of square miles...
  • Venezuela president declares emergency, citing U.S. domestic 'threats'

    05/13/2016 10:45:52 PM PDT · by Nextrush · 46 replies
    The Telegraph ^ | 5/14/2016 | Reuters
    Nicholas Maduro, the Venezuelan president declared a 60-day state of emergency on Friday due to what he called plots from within the OPEC country and the United States to topple his leftist government. Mr. Maduro did not provide details of the measure. A previous state of emergency, implemented in states near the Colombian border last year, suspended constitutional rights guarantees in those areas....... Earlier on Friday, U.S. intelligence officials told reporters they were increasingly worried about the potential for an economic and political meltdown in Venezuela and predicted Mr. Maduro was not likely to complete his term.....
  • Venezuela president declares emergency, cites U.S., domestic 'threats'

    05/13/2016 10:38:46 PM PDT · by Dallas59 · 9 replies
    Reuters ^ | Fri May 13, 2016 | Reuters
    Venezuelan President Nicolas Maduro declared a 60-day state of emergency on Friday due to what he called plots from within the OPEC country and the United States to topple his leftist government. Maduro did not provide details of the measure. A previous state of emergency, implemented in states near the Colombian border last year, suspended constitutional guarantees in those areas, except for guarantees relating to human rights.
  • Trump taps climate change skeptic, fracking advocate as key energy advisor

    05/13/2016 10:51:57 AM PDT · by maggief · 94 replies
    Reuters ^ | May 13, 2016 | VALERIE VOLCOVICI
    Republican presidential contender Donald Trump has asked one of America's most ardent drilling advocates and climate change skeptics to help him draft his energy policy. U.S. Republican Congressman Kevin Cramer of North Dakota - a major oil drilling state - is writing a white paper on energy policy for the New York billionaire, Cramer and sources familiar with the matter told Reuters. Cramer was also among a group of Trump advisers who recently met with lawmakers from western energy states, who hope Trump will open more federal land for drilling, a lawmaker who took part in the meeting said. Cramer...
  • Oil Hits 6-Month High on Crude Inventory Draw

    05/11/2016 3:27:10 PM PDT · by bananaman22 · 9 replies
    Oilprice.com ^ | 11-05-2016 | Charles
    Crude oil futures rose 3.5 percent in mid-afternoon trading on Wednesday, following official data earlier in the day showing a 3.4-million drop in crude inventories and a fall in crude output to 8.8 million barrels per day, the lowest since the fourth quarter of 2014. June deliveries of West Texas Intermediate (WTI) were up US$1.57, or 3.5 percent, settling at US$46.23 per barrel on the New York exchange. This jump is higher than any closing price the commodity has seen since November of last year.
  • 90% Off Sale On Offshore Drilling Rigs?

    05/11/2016 2:56:12 PM PDT · by bananaman22 · 6 replies
    Oilprice.com ^ | 11-05-2016 | offshore
    It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a cut-rate price—in fact, you might be able to get one for only one tenth of what they cost in 2011. This is the cost coup recently pulled off by Ocean Rig, a company controlled by shipping billionaire George Economou, who has landed a drillship—the Cerrado—for only US$65 million at auction, which represents less than 10 percent of the estimated price when it was built over...
  • Shell Evacuates Oil Personnel After Chevron Platform Bombing

    05/11/2016 1:39:36 PM PDT · by Lorianne · 15 replies
    Oil Price ^ | 09 May 2016
    Shell has evacuated nearly 100 essential oil personnel from a major production facility in the Niger Delta, following a series of attacks from a newly formed militant group that has vowed to renew the fight abandoned after a 2009 amnesty deal. Some 98 Shell personnel were airlifted from the Shell-operated Eja Oml 79 oil production facility in the Niger Delta over the weekend, bringing into question the facility’s 90,000 barrel-per-day production capacity. The facility is run by Shell’s Nigerian subsidiary, SPDC (Shell Petroleum Development Corporation). The evacuations come after militants of the Niger Delta Avengers attacked an offline oil platform...
  • Big Oil Abandons $2.5 Billion in U.S. Arctic Drilling Rights

    05/11/2016 6:29:09 AM PDT · by Lorianne · 12 replies
    Source material cannot be posted to FR | 10 May 2016
    see link below
  • What OPEC Has To Fear From The New Saudi Oil Minister

    05/10/2016 3:45:13 PM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 10-05-2016 | Ali
    In a surprise move, Saudi Arabia sacked its long-time oil minister over the weekend, an event that illustrates the near-total control that the new young Saudi prince has obtained over the country’s energy industry. For many years, Ali al-Naimi, the outgoing Saudi oil minister, was the voice of Saudi Arabia’s oil industry and policy. Even seemingly insignificant remarks from al-Naimi could move oil prices up or down. But the 80-year old oil minister has seen his power eclipsed by the 30-year old Deputy Crown Prince Mohammed bin Salman. In April, when al-Naimi was forced to backtrack on the Doha oil...
  • Texas, New Mexico oil producers push for import limits

    05/08/2016 10:03:41 PM PDT · by panhandle67 · 34 replies
    AP BIG STORY ^ | Apr. 19, 2016 | SUSAN MONTOYA BRYAN
    ALBUQUERQUE, N.M. (AP) — Oil drilling companies and royalty owners from the Texas Panhandle to New Mexico's stretch of the Permian Basin are embarking on a grass-roots campaign to limit foreign oil imports, salvaging what they say is a major sector of the U.S. economy. "American oil is competing against a cartel of government operators which has a stated initiative of driving an American industry out of business," said Tom Cambridge, one of the Panhandle producers leading the campaign. The grass-roots movement is pushing for the next president of the United States to issue a proclamation setting quotas for imports...
  • Our View: Limiting oil imports would help to protect American producers

    05/08/2016 10:03:20 PM PDT · by panhandle67 · 23 replies
    Lubbock Avalanche-Journal ^ | April 29, 2016 | By A-J Editorial Board
    When the price of oil drops, so does the cost of gasoline. But while people are enjoying paying lower prices at gasoline pumps, plunges in oil prices can cause economic damage in Texas. And it can put American oil producers out of business when the price of foreign oil imports gets cheaper than the costs of extracting oil from the ground in the U.S.
  • Saudi Arabia Approves Economic Reform Program

    04/25/2016 6:40:41 AM PDT · by Tolerance Sucks Rocks · 15 replies
    The Wall Street Journal ^ | April 25, 2016 | Margherita Stancati and Dahlia Kholaif
    RIYADH—Saudi Arabia, crimped by low crude prices, approved Monday a long-term blueprint for the kingdom’s economic transformation aimed at reducing its dependence on oil. The multiyear plan, dubbed “Saudi Vision 2030,” was approved by the cabinet, according to Saudi Arabia’s monarch, King Salman. The Saudi cabinet, in a statement carried by the official Saudi Press Agency, said the government’s economic council would be in charge of overseeing the vision’s implementation. Saudi officials later Monday were to present a broad overview of the country’s most extensive economic shake-up in decades. The steep drop in oil prices has given new urgency to...
  • The Total Collapse of Saudi Arabia is Fast Approaching

    03/07/2016 3:40:27 AM PST · by HomerBohn · 87 replies
    Daily Sheeple ^ | 3/6/2016 | Joshua Krouse
    To the casual observer, Saudi Arabia might seem like an emboldened nation that is asserting itself. They’ve been challenging Iran, fighting rebels in Yemen, threatening to invade Syria, and if some rumors are to be believed, they are currently trying to attain nuclear missiles from Pakistan. However, these aren’t the actions of a stable nation that is asserting its dominance in the region. These are the flailing death throes of a nation that is struggling to hang on. Ever since global oil prices started to plummet, Saudi Arabia just hasn’t been the same. That’s no surprise. Since prices fell, other...
  • Saudi Arabia's oil 'maestro' exits as young prince flexes his muscles

    05/08/2016 2:37:13 PM PDT · by Lorianne
    CNBC ^ | 07 May 2016 | Tom DiChristopher | Patti Domm
    The end of Ali al-Naimi's more than two-decade tenure as Saudi Arabia's oil minister signals a new era for crude markets, analysts said on Saturday, and appeared to be a reaffirmation of Saudi policy to let oil set its own pricing. On Saturday, Saudi Arabia issued a royal decree that replaced al-Naimi with Khalid al-Falih, chairman of Saudi Aramco, as part of a broad reshuffling of the cabinet. The move came as the world's largest oil producer continues to grapple with the fallout from the global bear market in crude oil. Al Naimi was the most watched figure in the...
  • How socialism turned oil-rich Venezuela into a basket case

    05/08/2016 7:52:01 AM PDT · by MtnClimber · 28 replies
    National Post ^ | 6 May, 2016 | Kelly McParland
    Life isn’t much fun these days in the world’s socialist paradise. If you had to choose a country you didn’t want to live in, Venezuela would be near the top of the list. Corrupt, dysfunctional, bankrupt, crime-ridden, drug-infested, short of practically every basic commodity, it can’t keep the lights on, keep the government running or brew its own beer. Last weekend six army officers were arrested for stealing goats from a farm because they were hungry. Venezuela has become the basket case of the western hemisphere, a case study on how not to run a country and a living example...
  • Saudi shake-up rolls on with big reshuffle of economic posts

    05/08/2016 2:55:11 PM PDT · by Lorianne · 7 replies
    Reuters ^ | 08 May 2016 | Angus McDowall and Katie Paul
    Saudi Arabia's King Salman on Saturday replaced his veteran oil minister and restructured some big ministries in a major reshuffle apparently intended to support a wide-ranging economic reform programme unveiled last week. The most eye-catching move was the creation of a new Energy, Industry and Natural Resources Ministry under Khaled al-Falih, chairman of the state oil company Aramco. He replaces the 80-year-old oil minister Ali al-Naimi, in charge of energy policy at the world's biggest oil exporter since 1995. But major changes were also made to the economic leadership, with Majed al-Qusaibi named head of the new Commerce and Investment...
  • Trump reaches out to Teamsters union

    05/07/2016 10:31:06 AM PDT · by BlackFemaleArmyCaptain · 19 replies
    The Hill ^ | 5/7/2016 | Harper Neidig
    Presumptive GOP presidential nominee Donald Trump on Saturday took to Twitter to praise workers in the Teamster union and attack Democratic front-runner Hillary Clinton. The union has not made an endorsement in the election so far, but typically backs Democratic candidates. Trump appeared to be referring to a series of "Teamsters for Trump" groups on Facebook, several of which has members numbering in the thousands. NPR reported this week on Teamsters member who normally back Democrats but prefer Trump this election.
  • 500,000 Barrels And $1 Billion In Losses: The True Cost Of Canada’s Wildfire

    05/05/2016 12:58:18 PM PDT · by bananaman22 · 9 replies
    Oilprice.com ^ | 05-05-2016 | Wildfire
    It took the market over a day to appreciate the fallout from the devastating Canadian wildfire which has led to a state of emergency in Alberta, the evacuation of over 80,000 people in the oil sands gateway city of Fort McMurray, and the destruction of over 1,600 structures. According to insurance industry reports, losses from the fire are approaching $1 billion, and will likely set records for the country. The average cost of a single-family home in the community was recently around CAD$627,000 ($487,000), Aon said, citing data from the local real estate industry, and cited by CNBC. That would...
  • Low Gas Prices: An Election-Year Ploy?

    09/26/2006 6:56:37 AM PDT · by ShadowDancer · 76 replies · 1,879+ views
    ClickonDetroit ^ | September 26, 2006 | AP
    Low Gas Prices: An Election-Year Ploy? Many Think Politicians Manipulating Gas PricesPOSTED: 8:22 am EDT September 26, 2006 WASHINGTON -- There is no mystery or manipulation behind the recent fall in gasoline prices, analysts say. Try telling that to many U.S. motorists. Almost half of all Americans believe the November elections have more influence than market forces. For them, the plunge at the pump is about politics, not economics. Retired farmer Jim Mohr of Lexington, Ill., rattled off a tankful of reasons why pump prices may be falling, including the end of the summer travel season and the fact that...
  • Clinton Apologizes for Saying She’d Put Coal ‘Out of Business’

    05/03/2016 8:48:51 AM PDT · by TangledUpInBlue · 52 replies
    Yahoo Politics ^ | 5/3/16 | Katie Relily
    Hillary Clinton apologized on Monday for saying in March that she would put coal miners and coal companies “out of business” as part of a transition to alternative energy sources. The Democratic front-runner and former secretary of state called the prior remark a “misstatement” as she campaigned in Kentucky, ahead of the state’s Democratic primary on May 17, CBS News reported. The small group discussion took place in what was once one of the country’s top coal producing counties, as protesters gathered outside. “What I said was totally out of context from what I meant,” Clinton said. “It was a...
  • Mark Levin: Donald Trump Screwed Up

    12/14/2015 5:04:24 PM PST · by ConservativeTeen · 218 replies
    Conservative Review ^ | 12/14/2015 | Chris Pandolfo
    On Monday night’s radio program, Conservative Review Editor-in-Chief Mark Levin called out Donald Trump for mimicking the statists and the Republican establishment by attacking rival Ted Cruz and Supreme Court Justice Antonin Scalia over the weekend. Listen: - See more at: https://www.conservativereview.com/commentary/2015/12/daily-mark-up-12_14_2015#sthash.jpItSR5e.dpuf
  • Low Oil Prices? Texas Is Doing Just Fine

    05/02/2016 2:46:15 PM PDT · by bananaman22 · 10 replies
    Oilprice.com ^ | 02-05-2016 | Lone Star
    ith the oil price crash now nearly two years in, there have been some obvious casualties. Dozens of oil related firms have declared bankruptcy, oil service firms have found rig counts collapsed, and thousands of jobs have been lost across the industry with many skilled employees reporting difficulty finding anything more than short-term contract work. Against this backdrop one might have expected a severe economic downturn in Texas, but instead the Lone Star State is holding up surprisingly well. Texas’ economy has long been thought of as being oil driven, but the reality is that the state’s situation is more...
  • Saudi minister confirms warning on proposed U.S. law on 9/11

    05/02/2016 2:33:48 PM PDT · by StCloudMoose · 26 replies
    reuters ^ | 5/2/16
    Saudi Arabia has warned the United States that a proposed U.S. law that could hold the kingdom responsible for any role in the Sept 11, 2001, attacks would erode global investor confidence in America, its foreign minister said on Monday. The minister, Adel al-Jubeir, speaking to reporters in Geneva after talks with U.S. Secretary of State John Kerry, which mainly focused on Syria, denied that Saudi Arabia had "threatened" to withdraw investment from its close ally. The New York Times reported last month that the Riyadh government had threatened to sell up to $750 billion worth of American assets should...
  • Israeli car engine could halve fuel costs, emissions

    04/29/2016 10:51:22 AM PDT · by DJ Taylor · 86 replies
    The Times of Israel ^ | April 27, 2016 | David Shamah
    Aquarius’s new take on internal combustion engines will be the big leap forward that vehicles need, says company founder. The notoriously conservative car business – autos, after all, are still largely powered by the internal combustion engine, developed nearly 150 years ago – is in for big changes, according to Gal Fridman, chief marketing officer and co-founder of Aquarius Engines. “Our enhanced engine design uses energy much more efficiently, and eliminates the valves and rods that cause energy loss,” he said. “If a car equipped with a modern standard internal combustion engine can go about 600 kilometers on a tank...
  • First “Illegal” Shipment Of Oil Leaves Eastern Libya

    04/27/2016 11:52:15 AM PDT · by bananaman22 · 4 replies
    Oilprice.com ^ | 27-04-2016 | Slav
    A cargo of 650,000 barrels of crude left the Libyan port of Hariga yesterday, in the eastern part of the conflict-torn country, sparking what promises to be another phase in the conflict as the Islamic-leaning government in Tripoli vows to block the maneuver. This premature attempt at crude oil exports could have huge implications for international efforts to unite the country under the new Government of National Accord (GNA), which was formed with UN support, because eastern Libya is controlled by a government based in Tobruk, which has not yet recognized the GNA of Fayez Serraj.
  • About Oil, Obama Has Been Dead Wrong

    12/28/2015 5:03:23 AM PST · by expat_panama · 38 replies
    The Washington Times ^ | Stephen Moore
    The green doomsayers have repeatedly claimed the fuel is disappearing It would be hard to find anyone in all of America who has been more wrong on the American energy story than Barack Obama. Oil prices have fallen from $105 a barrel in the summer of 2014 to hovering at $35 a barrel today. That’s a two-thirds reduction in the price and the biggest factor is shale oil brought to you by fracking. In many areas of the country gas is now less than $2 a gallon and it could fall further in the weeks ahead. The falling price means,...
  • Study: European Plan To Reduce CO2 Emissions Actually Increased Them(DOH!)

    04/26/2016 9:29:03 AM PDT · by rktman · 16 replies
    dailycaller.com ^ | 4/26/2016 | Andrew Follett
    Europe’s plans to reduce carbon dioxide (CO2) emissions by switching from conventional oil to biofuels actually ended up increasing emissions, according to a study published Monday by the environmental group Transport & Environment (T&E). The study found, on average, biofuel from vegetable oil creates 80 percent more CO2 emissions than the conventional oil it replaces. The report estimates the biofuels create new emissions equivalent to putting an extra 12 million cars on the road.
  • Drill will: America, not OPEC, decides the fate of global oil markets

    04/25/2016 2:55:17 PM PDT · by 2ndDivisionVet · 11 replies
    The Economist ^ | April 23, 2016
    “WE DON’T care about oil prices,” Muhammad bin Salman, Saudi Arabia’s deputy crown prince, recently told Bloomberg, a news agency: “$30 or $70, they are all the same to us.” Such comments by the man calling the shots in the world’s biggest oil power should be taken with a pinch of salt. Low oil prices cost the country billions, threaten its credit rating and are turning it from creditor to debtor: this week it set out to raise $10 billion from global banks. Yet the claim is not entirely hollow, either. Saudi Arabia is determined not to give any succour...
  • Gas power passes coal for the second time ever

    10/08/2015 5:32:05 AM PDT · by thackney · 29 replies
    Fuel Fix ^ | Jordan Blum
    The amount of electricity generated from natural gas surpassed the share of coal-fired production in July in the U.S. for the second time. The first time was for the month of April, according to U.S. Energy Information Administration. The EIA reported Wednesday that the share of electricity coming from natural gas-fired power plants hit 35 percent in July. It was 34.9 percent from coal plants. The shift comes as the ongoing domestic shale boom produces lots of natural gas at relatively cheap prices. At the same time, few new coal plants are being built nationally because of increasing federal regulations...
  • Fracking topples old King Coal

    10/28/2015 6:50:27 AM PDT · by thackney · 12 replies
    Washington Examiner ^ | 10/26/15 | JOHN SICILIANO
    King Coal may be losing its throne sooner than expected, as the U.S. goes through a change in how it gets the bulk of its electricity. The change is not coming from solar and wind as environmental groups would like to believe, although renewables are growing. The big switch is coming from natural gas produced from fracking shale rock deep underground. Natural gas is replacing coal as the dominant way Americans receive electricity to power everything from their lights to their iPhones to the big screen televisions. It is cheaper than coal, which is why natural gas power plants are...
  • It's Official: Natural Gas is Killing Coal

    06/01/2015 4:42:02 AM PDT · by thackney · 51 replies
    Motley Fool ^ | May 31, 2015 | Justin Loiseau
    There's no denying that natural gas is revolutionizing our energy economy, but few believed it could deal such a swift death blow to coal, the commodity that brought us into the Industrial Revolution and has been our backbone ever since. But the signs are irrefutable. Here's what you need to know. A historic battle Coal and natural gas have been going at it for a while. Traditionally, these were actually complementary energy sources. As a cheaper fuel that was more difficult to manage, coal-fired generation plants were the "slow burners" that kept our energy capacity steady throughout the day. Relatively...
  • Power generation from coal and natural gas expected to temporarily converge this spring

    05/16/2015 6:53:07 AM PDT · by thackney · 8 replies
    Energy Information Administration ^ | MAY 14, 2015 | Energy Information Administration
    EIA's most recent Short-Term Energy Outlook forecasts that the amount of electricity generation fueled by natural gas in April and May will total just 3.5% less than the projected amount of coal-fired generation. This convergence has occurred only once before, in April 2012, when natural gas fueled just 1.5% less generation than coal. Power generation from the two fuels is expected to rise at similar rates over the next couple months, and then diverge again later in the summer as demand rises and coal unit capacity utilization continues to rise. Natural gas-fired generation has been rising over the past few...
  • Six natural gas plants under construction in Ohio to replace coal generators

    04/11/2015 9:59:23 AM PDT · by thackney · 52 replies
    Utility Dive ^ | April 10, 201 | Robert Walton
    Ohio's energy mix is about to change, the Cleveland Plain Dealer points out, with six gas-fired plants on the drawing board and older coal-fired generation set to retire. The accelerated retirement of many coal plants is a nationwide trend, driven by low natural gas prices and EPA pollution regulations. About 60,000 MW of coal fired generators are expected to be offline by 2020, according to the EIA, due largely to the EPA's Mercury and Air Toxics Standards (MATS), and, once it is finalized, the carbon regulations under the Clean Power Plan. The state is also wrestling with energy efficiency standards,...
  • Odessa coal-to-gas power plant to break ground this year

    04/03/2015 4:53:07 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | April 1, 2015 | Ryan Holeywell
    A new power plant in West Texas that could transform coal into cleaner-burning natural gas is poised to break ground later this year, an executive in charge of the project said at a conference in Houston Wednesday. The project, located on a 600-acre site in Odessa, uses coal as a feedstock for a 400 megawatt power plant. But instead of burning it, the plant uses a chemical process to first strip it of carbon, sulfur and mercury. The result, project leaders say, is a hydrocarbon that can fuel the power plan but burns even cleaner than natural gas — even...
  • EPA turning regulatory eyes to natural gas, expert says

    02/04/2015 5:30:06 AM PST · by george76 · 22 replies
    Mississippi Watchdog ^ | February 4, 2015 | Steve Wilson
    A former Environmental Protection Agency regulator warns that while the Obama administration now has coal in its crosshairs, natural gas is next in line. David Schnare cites a proposed rule on methane emissions as one of the ways President Obama and the EPA will clamp down on natural gas. The 33-year EPA veteran, who once sued utilities for coal-fired plants that didn’t meet Clean Air Act standards, is director of the Center of Energy and Environmental Stewardship at the Thomas Jefferson Institute for Public Policy. Schnare said the EPA — as part of its “Clean Power Plan” rule that would...
  • EPA to kill new coal-fired plants through first-ever greenhouse-gas regulations

    03/27/2012 7:37:42 AM PDT · by Qbert · 28 replies
    Hot Air ^ | MARCH 27, 2012 | ED MORRISSEY
    If you thought gas prices will never stop rising, just wait until you see what happens to electricity after the Barack Obama’s EPA gets its way.  The agency will deliver on Obama’s election promise to bankrupt any new coal-fired electrical production in its first-ever regulations on greenhouse-gas emissions, the Washington Post reports.  The new regulatory regime will all but guarantee that new coal-fired plants won’t be built to replace others shutting down: The Environmental Protection Agency will issue the first limits on greenhouse gas emissions from new power plants as early as Tuesday, according to several people briefed on the proposal. The move...
  • The Real Reason Saudi Arabia Killed Doha

    04/25/2016 11:46:55 AM PDT · by bananaman22 · 3 replies
    Oilprice.com ^ | 25-04-2016 | Captain Hook
    Saudi Arabia single-handedly scuttled the Doha meeting, knowing all along that Iran would not participate, with a valid reason. The Russians and others agreed to proceed without Iran, planning to include them at a later date. So if everything was known beforehand, why did the Saudi’s pour cold water on the aspirations of the remaining members, risking its alienation from Russia and the OPEC community? Was it simply Saudi enmity toward Iran? Not exactly. Upon closer scrutiny, we can find the Saudi masterstroke behind Doha. It is well known that Saudi Arabia is heavily dependent on oil revenues, and that...
  • Jacki Daily Podcast: ISIS DESTROYS - ENERGY vs ELECTION and EARTH DAY

    04/24/2016 5:40:41 PM PDT · by RaceBannon
    The Jacki Daily Show ^ | 4/24/16 | The Jacki Daily Show
    Jacki is joined by Dr. David Grantham, senior research fellow at the National Center for Policy Analysis to discuss how oil and antiquities from terrorist networks has made its way to America and what we can do to stop it. Jacki also speaks with Brendan Williams to talk about the importance of energy issues in the upcoming Presidential election. Lastly Jacki is joined by Doug Domenech, director of the Fueling Freedom Project at the Texas Public Policy Foundation, to talk about the history of Earth Day.
  • Jacki Daily Podcast: ISIS OIL BEING SOLD IN USA!!

    04/24/2016 5:20:36 PM PDT · by RaceBannon · 12 replies
    The Jacki Daily Show ^ | 4/24/16 | The Jacki Daily Show
    Jacki Talks With Dr. Grantham About How ISIS Oil Has Made Its Way To the USA
  • Mass. Sen. President Rosenberg to Berkshire Gas: Pipeline is dead; lift the moratorium

    04/24/2016 10:30:24 AM PDT · by matt04 · 23 replies
    Massachusetts Senate President Stanley Rosenberg on Wednesday called upon Berkshire Gas to lift its moratorium on new and expanded natural gas service in the region — but a spokesman for Berkshire's parent company, the publicly-traded Avangrid, told The Republican that the moratorium on new hookups would stay in place without a "permanent solution" for additional natural gas capacity in western Massachusetts. ... Berkshire Gas had hoped to purchase capacity on the line. Berkshire's parent company, Avangrid, had also signed on as an investor in the $5-8 billion Kinder Morgan pipeline. Berkshire more than a year ago imposed a moratorium on...
  • Smelling Blood in the Political Water

    04/23/2016 10:27:47 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | April 23, 2016 | Paul Driessen
    The great white environmentalist sharks smell blood in the water. It’s gushing from mortally wounded US coal companies that the Obama EPA has gutted as sacrifices on the altar of “dangerous manmade climate change” prevention and other spurious health, ecological and planetary scares.Peabody Energy, Arch Coal and other once vibrant coal producers have filed for Chapter 11 protection, shedding some $30 billion in shareholder value and tens of thousands of jobs in their companies and dependent industries. The bloodletting has left communities and states reeling, union pension funds and 401k plans empty, and the health, welfare, hopes and dreams of...
  • Huge coral reef discovered at Amazon river mouth

    04/23/2016 11:55:58 AM PDT · by rktman · 32 replies
    theguardian.com ^ | 4/22/2016 | John Vidal
    Scientists astonished to find 600-mile long reef under the muddy water in a site already marked for oil exploration
  • Bipartisan Push on to Oppose 9/11 Bill

    04/22/2016 9:47:40 PM PDT · by Rockitz · 10 replies
    RollCall.com ^ | 19 April 2016 | John T. Bennett
    A Senate bill that would allow families of those killed in the 9/11 attacks to sue the Saudi government has achieved a rare Washington distinction, by uniting the Obama administration and some of its fiercest GOP critics. President Barack Obama and Sen. Lindsey Graham, R-S.C., are rallying to kill the bipartisan plan that would make it possible for American citizens to sue foreign governments believed to be linked to terrorist attacks on U.S. soil. House Speaker Paul D. Ryan, R-Wis., said the plan should be reviewed through regular order before decisions are made about advancing the measure. White House Press...
  • Prince Of Beheading Champ Saudi Arabia Calls Trump "Disgrace To America"

    12/11/2015 12:12:45 PM PST · by amorphous · 22 replies
    Zero Hedge ^ | 11 Dec 2015 | Tyler Durden
    You know you've 'made it' when the prince of one of the world's biggest human rights abuser (and leading 'beheader') nations calls you a "disgrace to America."