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Bill Withers who passed away at the age of 81 in Los Angeles sings one of his well-known songs... It is time for us to lean on each other and support each other the sentiment expressed by Ammon Bundy this week saying: "....I don't think there's ever been a time in our lifetime anyway where there's more need for us to unite to be united on important matters to be supporting each other to be bringing truth to each other and protection for each other...." In face of all the government restrictions Bundy bringing together people for a meeting in...

Russia and Saudi Arabia are locked in a price war to control the oil industry. Here's what it's done to prices for oil around the world.The Exon on the corner of 22nd Street in Washington D.C. is now selling a gallon of gas for the low price of $1.79 USD. In Ottawa, the Petro-Canada on Bronson Avenue sells a gallon sells for $0.69 CAD. In both cases, prices are a fraction of what they were just two months ago. And while drivers across both countries might be enjoying the benefits of cheap gas, itÂ’s an actualized nightmare for the international...

".....I don't think there's ever been a time in our lifetime anyway where there's more need for us to unite to be united on important matters to be supporting each other to be bringing truth to each other and protection for each other..." Ammon Bundy calling a followup citizens meeting tonight in Emmett, Idaho at 8 pm in response to Republican Governor Brad Little's order to stay at home in response to Covid-19...... Special Comment-Wartime Situation Leads To Misleading Fake News We are in a wartime situation at this point with policies being implemented and situations emerging that disturb Americans...

Oil prices spiked on Thursday morning after U.S. President Donald Trump said that he spoke with the Saudi Crown Prince, and hoped and expected that Saudi Arabia and Russia would “cut back approximately 10 Million Barrels, and maybe substantially more,” sending oil prices soaring by 20%.

President Trump on Thursday said that there could be a drop in international oil production of 10 million to 15 million barrels as the U.S. oil industry is hit by plunging prices linked to international disputes. "Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!" he tweeted, referring to Saudi Crown Prince Mohammad bin Salman. "Could be as high...

Whiting Petroleum Corporation WLL has become the first oil and gas sector casualty of the current slump in crude demand in the wake of the coronavirus or Covid-19 global pandemic, and the price war between producers triggered by Saudi Arabia and Russia. Early on Wednesday (April 1), Denver, Colorado, U.S.–headquartered Whiting announced it had filed for Chapter 11 bankruptcy protection in the Bankruptcy Court for the Southern District of Texas, prompting a suspension of its shares (NYSE:WLL) on the New York Stock Exchange. In a statement, Whiting said its board had concluded that given a severe downturn in oil and...

After having crashed nearly 70 percent in the first three months of 2020, benchmark WTI prices are trying to form a bottom around $20 per barrel. But this psychological threshold is looking increasingly shaky as global crude storage facilities are filling up at an unprecedented pace. OPEC and its partners officially ended their output cut deal today, following the words of Russian Energy Minister Novak that every producer is ‘’free to pump at will’’.

What Happens If You Can’t Pay Your Electricity Bill? By Julianne Geiger - Apr 01, 2020, 5:00 PM CDT Join Our Community Electricity With over 3 million Americans losing their jobs, and many more forced into lockdown, utilities are facing lower demand and more consumers that can’t afford to pay the bills At a time when over 3 million Americans have already lost their jobs, and as many as 47 million may be added to the unemployment roster, all that virus-forced staying at home will increase energy bills for people with limited means of paying them--at least until unemployment benefits...

After having crashed nearly 70 percent in the first three months of 2020, benchmark WTI prices are trying to form a bottom around $20 per barrel. But this psychological threshold is looking increasingly shaky as global crude storage facilities are filling up at an unprecedented pace. OPEC and its partners officially ended their output cut deal today, following the words of Russian Energy Minister Novak that every producer is ‘’free to pump at will’’. With a flood of physical crude set to hit the market, it will take weeks, not months, for global oil storage space to run out. The...

Global oil storage could reach maximum capacity within weeks, energy analysts have told CNBC, as the coronavirus crisis dramatically reduces consumption and some of the world’s most powerful crude producers start to ramp up their output. The coronavirus pandemic has meant countries have effectively had to shut down, with many governments imposing draconian measures on the daily lives of billions of people. It has created an unprecedented demand shock in energy markets, with storage space – both onshore and offshore – quickly running out.

Shares of energy companies rose alongside oil futures after Chinese data showed a rebound in industrial activity, spurring hopes that the global economy could shake off the effects of the Covid-19 pandemic more quickly than feared. U.S. crude futures rose 1.9% to $20.48 a barrel on the New York Mercantile Exchange, a day after crashing to a fresh 18-year low. The long-delayed Keystone XL pipeline to take oil from Canada into the U.S. heartland will move forward after the Alberta province agreed to help finance the project, pipeline operator TC Energy said, as reported earlier.

Canadian pipeline operator TC Energy is moving forward with plans to build the controversial Keystone XL Pipeline, a project to move heavy crude oil from the tar sands region of Canada to Nebraska where it will then move on to refineries in Illinois and along the Gulf Coast. After years of legal battles, TC Energy confirmed Tuesday morning that the company plans to invest $8 billion on the crude oil pipeline project. The controversial pipeline project faced opposition and legal challenges from Native American groups, environmentalists and landowners. “We appreciate the ongoing backing of landowners, customers, Indigenous groups and numerous...

A Canadian company said Tuesday it plans to start construction of the disputed Keystone XL oil sands pipeline through the U.S. Midwest in April, after lining up customers and money for the project that is bitterly opposed by environmentalists and some American Indian tribes. Construction is set to begin at the pipeline’s border crossing in Montana, said TC Energy spokesman Terry Cunha. That would be a milestone for a project first proposed in 2008. The company said it lined up $1.1 billion in financing from the Canadian provincial government of Alberta to cover construction through 2020 and agreements for the...

Oil prices plunged on Monday to their lowest levels in eighteen years, below $20 per barrel, as the coronavirus pandemic continues to cripple global oil demand with no signs of Saudi Arabia backing down on its promised supply surge.

OPEC, refers to cartel collusion created in Baghdad in Sept. 1960 by: Iran, Iraq, Kuwait, Arabia, and Venezuela OPEC plus refers to cartel collusion with non-OPEC anti Arabs like Quixtar, Russia and quislings Azerbaijan and Columbia. A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said...

(AP Photo/Pavel Golovkin) On 18 March, U.S. crude oil prices fell to their lowest level in 18 years. The following day, momentarily distracted from their hype of the coronavirus pandemic, pundits and analysts reminded us again that low oil prices are the result of Saudi Arabia instigating a price war with Russia. And again, the culprit named was Mohammed bin Salman, Crown Prince of Saudi Arabia. Among his motives, they claimed, is hobbling the fracking industry that has ended American dependence on Middle East oil. Now, let’s examine the real backstory.

When Pennsylvania ordered coal mines closed because of the coronavirus, then reversed course and declared them to be “essential,” West Virginia Gov. Jim Justice, who made a fortune in coal, was quick to mock his neighbors. “Coal is so essential it is unbelievable,” said Justice, a Republican. “We have to have good electricity flowing into our homes.” The mine workers union agrees with him. So does President Trump, who has spent the past three years talking up the coal business. But in the face of the pandemic, is coal mining actually so essential? Because of the nature of the work...

Oil prices continued to rise for the third day in a row, recovering earlier losses as U.S. lawmakers pressure Saudi Arabia to end the oil war. The ongoing oil war, in which Saudi Arabia and Russia are the key players, has exacerbated the already tremendous glut in oil markets, and demand destruction could end up reaching 15-20 million bpd in April. According to Russell Hardy, Vitol’s chief executive, the supply overhang could end up filling storage tanks at a very high pace as India, with the world’s fastest-growing oil consumer now facing a nationwide lockdown. Oilprice.com’s Julianne Geiger wrote yesterday...

Plunging oil prices could be headed a lot lower – possibly below zero, according to one Wall Street analyst. West Texas Intermediate crude oil, the U.S. benchmark, fell by more than 10 percent Wednesday to near $24 a barrel, a level last seen in April 2002. “Oil prices can go negative,” wrote Paul Sankey, managing director at Mizuho Securities. If that weren't enough, Saudi Arabia recently slashed oil prices and raised output after Russia refused to join OPEC in deepening production cuts. Oil is a 100 million barrel-per-day market, but Sankey says it’s possible that the economic fallout from the...

Top exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs so high refiners are reluctant to take the shipments. That could leave the kingdom stuck with tens of millions of barrels in expensive ships at anchor when the coronavirus outbreak has destroyed oil demand and international prices have lost more than half their value compared with the start of the year.