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Venezuela is sending troops to its border with neighboring Guyana as tensions continue to escalate over a territorial dispute, raising the risk of a military conflict between the two South American nations. According to a report from The Wall Street Journal citing satellite images and videos made public by the country's military, Venezuelan forces have stationed troops, tanks, missile-equipped patrol boats, and an armored carrier at its border with Guyana. The dispute comes as Venezuela attempts to annex the region of Essequibo, where the country's socialist dictator Nicolas Maduro has said he plans to “grant operating licenses for the exploration...

Kingston (Jamaica) (AFP) – Secretary of State Marco Rubio heads Thursday to Guyana to offer to put the newly oil-rich nation under the US security umbrella as neighboring Venezuela asserts claims. A decade after the discovery of vast reserves, the small South American nation is poised this year to become the world's largest producer of oil on a per capita basis, outpacing Qatar and Kuwait. With tensions on the rise between Guyana and US nemesis Venezuela, Rubio will sign a memorandum of understanding that outlines security cooperation, according to the State Department. President Donald Trump's administration said it envisioned a...

The Chavista regime of Nicolás Maduro is playing with fire and knows it! US Secretary of State Marco Rubio issued a stern warning yesterday from Guyana: any aggression against this country or ExxonMobil's operations in the Essequibo will have "serious consequences" for Caracas. In a press conference alongside Guyanese President Irfaan Ali, Rubio didn't mince words: "It would be a very bad day for the Venezuelan regime, a very bad week, and it wouldn't end well." The message is clear: the US will not tolerate the bravado of a declining leftist dictator. Maduro, the tyrant who has plunged Venezuela into...

HOUSTON/GEORGETOWN, May 30 (Reuters) - Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets. The war that caused one of the largest energy disruptions in history highlights the growing importance of countries including Guyana that offer political stability and geographically unrestricted access to their estimated ​11 billion barrels of oil reserves. This growing windfall from crude brings pressure from business owners and locals on the government to use...

You may have read about numerous prominent large corporations headed for the exits in blue states like California and heading for more welcoming climates in business-friendly states like Texas and Florida. Why? They’re sick of getting constantly hammered with taxes, regulations, and hostility from state governments.Now it’s the Exxon Mobil Corporation, which announced Tuesday that 144 years after it incorporated in the state, its Board of Directors unanimously recommended that shareholders change the company’s legal domicile from New Jersey to Texas.They passed over former President Joe Biden’s home state:This is a big one. ExxonMobil to move its state of incorporation...

When California Attorney General Rob Bonta set out to sue ExxonMobil, alleging deception in its claims about advanced plastics recycling, he probably didn't expect the company would sue him for defamation. Bonta tried to get the case dismissed, but a federal judge in Texas has given the lawsuit the green light to proceed. California Attorney General Rob Bonta hoped to earn his anti-fossil fuel credentials when he filed a lawsuit against ExxonMobil in 2024, alleging the company was engaging in deceptive practices related to its “advanced recycling” program. He probably didn’t expect that the company would fight back the way...

The head of U.S. oil giant Exxon Mobil on Friday told President Donald Trump that Venezuela is “uninvestible” under current conditions, saying major changes were needed before his company would return to the country that has seen its crude oil resources sink into disrepair. The comments by Exxon CEO Darren Woods were a blow to Trump’s hopes that American oil majors would move quickly to make big investments in Venezuela — and cast doubt on the president’s insistence that U.S. companies are prepared to spend $100 billion or more.

President Donald Trump on Wednesday signed an executive order suspending U.S. support for 66 organizations, agencies and commissions, including those affiliated with the United Nations, as the country further retreats from global cooperation.The targets are primarily U.N.-related groups that focus on climate, labor and other issues that the Trump administration has criticized for catering to “woke” initiatives.The decision to withdraw comes as ongoing U.S. military efforts and threats have rattled allies and adversaries alike, including the capture of Venezuelan leader Nicolás Maduro and indications of U.S. intention to take over Greenland.On Wednesday morning, the Trump administration seized two Venezuela-linked sanctioned...

January 21, 2022 With inflation at a record high, millions of its citizens fleeing the country, and a political opposition recognized by most Western democracies as the legitimate government of Venezuela, the regime of Nicolás Maduro seemed to be on the brink of collapse in 2019. But Maduro regime survived, thanks to a number of factors — among them the external support it received from malign state actors such as Russia and China. Moscow and Beijing never wavered in their political support of the Venezuelan regime, or of Maduro himself, including by refusing to recognize the constitutionally mandated interim presidency...

Energy: Oil is rising sharply from two disasters in the Caribbean region — one, a fierce storm, and the other a massive blast at the world's second-largest refinery in Hugo Chavez's Venezuela. Only one was perfectly preventable. When the strongman cracked the whip on Venezuela's oil industry in 2003, firing 20,000 experienced oil managers from state-owned Petroleo de Venezuela (PDVSA) to break a strike he admitted he had provoked, he insisted that merit didn't matter anymore, only political loyalty. "There will be no more meritocracy," he told his cheering red-shirts. That philosophy has been laid out in all its glory...

The U.K. government wants BP to still stand for “British Petroleum.” The Financial Times reported that Downing Street would do all it could to block a takeover of BP. Weakened and shrunken down due to the massive, and still rising, toll stemming from the Deepwater Horizon disaster, BP could become a takeover target from one of the larger oil majors out there. Rumors have been swirling in recent weeks that perhaps ExxonMobil or Chevron could be eyeing the British oil giant, so much so that BP’s CEO Bob Dudley had to publicly dispel any notion that his company is for...

Despite the dire predictions of peak oil demand, which will is expected to arrive during the next decade as the world transitions to a low-carbon economy, international energy companies are investing heavily in fossil fuel exploration and production. One region which has caught the world by surprise and is attracting significant attention is the Guyana-Suriname Basin. A swathe of world-class discoveries by ExxonMobil in offshore Guyana sparked considerable interest in the Guyana-Suriname Basin, which after poor drilling results during the 1960s and 1970s saw it largely ignored by energy companies. Recent discoveries with estimated recoverable oil resources of more than...

South America is teetering on the edge of an armed conflict. #Venezuela argues that the #Esequibo region of #Guyana was unlawfully taken when the border was established over a century ago.

The United States said it will carry out military flights in Guyana on Thursday in a joint operation as the South American country faces soaring tensions with neighboring Venezuela over a contested oil-rich region. "In collaboration with the Guyana Defence Force, the U.S. Southern Command will conduct flight operations within Guyana on December 7," the American embassy in Guyana said in a statement, noting the flights are part of "routine engagement" to enhance a security partnership between the two countries.

The response by Israel to the October atrocities of Hamas seems to have roused the international Left into a furious frenzy. Widespread demonstrations supporting the Gazans’ slaughter continue on a daily basis in major cities around the world and, especially, on university campuses. The demonstrations feature thinly- or not-so-thinly-veiled calls for elimination of Israel as a state, and for violence against Jewish people. The demonstrators call the Jews every horrible thing they can think of, the very worst in their vocabulary being “settler colonialists.” Meanwhile, other comparable conflicts go on around the world without even a hint of interest from...

When Russia seized Crimea in March, it acquired not just the Crimean landmass but also a maritime zone more than three times its size with the rights to underwater resources potentially worth trillions of dollars. Russia portrayed the takeover as reclamation of its rightful territory, drawing no attention to the oil and gas rush that had recently been heating up in the Black Sea. But the move also extended Russia’s maritime boundaries, quietly giving Russia dominion over vast oil and gas reserves while dealing a crippling blow to Ukraine’s hopes for energy independence. Russia did so under an international accord...

Israeli Prime Minister Binyamin Netanyahu skillfully “played” US President Donald Trump by plying him with inaccurate information, former secretary of state Rex Tillerson said. Netanyahu, who is fighting for his political life after close elections, was “a bit Machiavellian” and would share “misinformation” with the United States, according to Trump’s former top diplomat. […] “They did that with the president on a couple of occasions, to persuade him that ‘We’re the good guys, they’re the bad guys.’ We later exposed it to the president so he understood, ‘You’ve been played,’” Tillerson said, according to the newspaper. […] Tillerson said he...

magine a state’s attorney general accepting staff who were paid by a foundation that was funded by an out of state billionaire who had financial and political interests he wanted advanced. These volunteer assistant attorneys general waste little time filing lawsuits against the billionaire’s adversaries in Minnesota. They pursue their actions knowing full well that even if they succeed, the only result will be higher prices for all Minnesotans. That’s exactly what is happening right now in the Minnesota attorney general’s office. Recently, Minnesota Attorney General Keith Ellison’s office filed a lawsuit against the American Petroleum Institute, Exxon Mobil, and...

The Big Three used the power they derive from investing other people’s money to force compliance with a radical political goal. A recent House Judiciary Committee report details how America’s largest financial institutions, colluding with climate activists, imposed radical environmental policies on the American economy, subverting both our self-government and free markets. It focuses on the successful effort to insert climate activist directors on the board of energy giant ExxonMobil. According to the report, there is “substantial evidence of a ‘climate cartel’ of financial institutions” including the “Big Three” asset managers (BlackRock, State Street, and Vanguard), several massive state pension...

President-elect Donald Trump should keep the U.S. involved in global efforts to address climate change, Exxon Mobil CEO Darren Woods said Tuesday. Trump should try to bring a “common sense” approach to the annual U.N. Climate Change Conference and “continue to have the U.S. influence policy around the world,” Woods told CNBC Tuesday. Woods spoke from the climate conference, which kicked off this week in Baku, Azerbaijan. Exxon has plans to invest $20 billion through 2027 in carbon capture and storage technology, hydrogen fuel, and lithium mining in the U.S. for electric vehicle batteries. Woods told CNBC on Tuesday that...