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Keyword: oil

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  • 'Sue and Settle' Looks to Some Like Crony Democracy. And Under Biden's Lawfaring Eco-Politics, It's Back

    02/21/2024 10:32:51 PM PST · by CFW · 6 replies
    RealClear Investigations ^ | 2/21/24 | James Varney
    When the Biden administration announced in 2022 that it would remove some 4 million acres of federal land in Western states from oil and gas exploration, environmental groups hailed the decision as a milestone in their fight against global warming. “With the oil and gas industry bent on despoiling American’s public lands and fueling the climate crisis, this is a critical opportunity for the Biden administration to chart a new path toward clean energy and independence from fossil fuels,” said Jeremy Nichols, a director with WildEarth Guardians. But Nichols could just as easily have slapped himself on the back: The...
  • Chicago sues oil companies for impacts of climate change

    02/21/2024 6:48:13 AM PST · by ChicagoConservative27 · 80 replies
    The Hill ^ | 02/21/2024 | ZACK BUDRYK
    The city of Chicago on Tuesday sued six major oil companies and the primary fossil fuel lobbying group, alleging they funded and planned a campaign of climate change denial that directly affects the city’s residents. In the lawsuit, the city accused BP, Chevron, ConocoPhillips, Exxon Mobil, Phillips 66, Shell, and the American Petroleum Institute (API) of misleading the public about the impact of their products and of contributing to the effects of climate change on Chicago. These impacts include unsafe summer temperatures, an increase in extreme weather, shoreline erosion and susceptibility to disasters such as flash flooding in basements on...
  • Iran Transported $2.8BN Worth Of Oil In 2023 Under Washington's Nose

    02/17/2024 9:45:06 PM PST · by SeekAndFind · 7 replies
    The Cradle ^ | 02/17/2024
    Iran was able to transport $2.8 billion in oil to customers in 2023 using insurance from a US-based company, despite sanctions imposed on Iranian oil sales by the US Treasury, an investigation published by The New York Times (NYT) on Friday has found. The oil was transported aboard 27 tankers, using liability insurance obtained by the New York-based American Club. Tankers are typically required to have liability insurance to enter international ports, meaning the US Treasury could have blocked the sale of this oil by demanding the American Club revoke insurance for the tankers.NYT says the 27 tankers were able...
  • WORLD Mystery ship capsizes in Trinidad and Tobago, triggering massive oil spill and national emergency

    02/12/2024 8:35:20 AM PST · by deport · 27 replies
    CBS News ^ | February 12, 2024 / 6:19 AM EST / CBS/AFP
    Emergency workers in Trinidad and Tobago are racing to clean up a massive oil spill after a mystery vessel ran aground near the Caribbean island, casting a pall over Carnival tourism. The spill was "not under control" as of Sunday, said Prime Minister Keith Rowley, who added that the country is grappling with a national emergency. The mystery vessel capsized Wednesday in waters off the Caribbean island, having made no emergency calls, with no sign of crew, and no clear sign of ownership.
  • WSJ: Venezuela massing troops to border with Guyana

    02/09/2024 10:57:31 AM PST · by srmanuel · 10 replies
    Report AZ ^ | 02/09/24 | News Department
    This was a hot topic on FR a few weeks ago but had died down, it appears the Biden Administration could be facing another bad situation in South America, if a war breaks out in South America the flood of illegals at the Southern border could escalate to even higher levels
  • OPINION: With state choking on oil industry pollution, 3 bills should become law (NM - not so, BARF alert)

    01/19/2024 3:48:09 PM PST · by CedarDave · 19 replies
    The Albuquerque Journal ^ | January 16, 2024 | Gail Evans and Ennedith Lopez
    As the catastrophic effects of the climate crisis have become tangible, daily realities to billions of people around the globe, here in New Mexico people are choking on oil and gas pollution — and our legislators have to act. Over the past decade, fossil fuel extraction in our state has increased tenfold, making New Mexico the second-largest producer of crude oil and seventh-largest producer of fossil gas in the country. Not only has this worsened the suffering created by human-made climate change around the world and in New Mexico, it’s also caused an explosion in pollution that is making our...
  • US imposes sanctions on 19 tankers for transporting Russian oil bypassing price restrictions

    01/18/2024 2:26:16 PM PST · by UMCRevMom@aol.com · 196 replies
    Economichna Pravda ^ | Thursday, 18 January 2024, 21:19 | Staff
    The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions against 19 tankers that transported Russian oil under the flags of Liberia and Panama. SOURCE: US Department of Treasury DETAILS: It is noted that sanctions are imposed in connection with the violation of the restriction on oil prices. 18 tankers fly the flag of Liberia, and one sails under the flag of Panama. Two companies own the tankers: Hennesea Holdings Limited (UAE) and Cielo Marine Ltd (Hong Kong). It is known that the shipping firm Hennesea Holdings Limited (Hennesea), which is headquartered in the United...
  • Members Initiate Probe Into SEC's Rule Change Permitting Foreign Agents and Radical Activists to Control America's National Parks and Lands

    01/17/2024 2:46:18 PM PST · by Tench_Coxe · 22 replies
    Today, House Committee on Natural Resources Chairman Bruce Westerman (R-Ark.) and Subcommittee on Oversight and Investigations Chairman Paul Gosar (R-Ariz.) led a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler and Director Haoxiang Zhu, seeking information on a proposed rule change to permit the listing of Natural Asset Companies (NACs) on the New York Stock Exchange (NYSE).
  • Radical climate activist endorses blowing up pipelines in startling interview, admits people could be killed

    01/15/2024 6:04:07 AM PST · by Libloather · 41 replies
    Fox News ^ | 1/15/24 | Lindsay Kornick, Jeffrey Clark
    "Accidents" and deaths may be inevitable in extreme climate activism that could merit blowing up thousands of pipelines, author and radical climate activist Andreas Malm said in a startling new interview. The "How to Blow Up a Pipeline" writer and activist gave an interview to The New York Times on his upcoming follow-up book, "Overshoot: How the World Surrendered to Climate Breakdown." At the top of the exchange, Malm was questioned on how "it’s hard to think that deaths don’t become inevitable if there is more sabotage" like blowing up pipelines. "Sure, if you have a thousand pipeline explosions per...
  • Biden Regime Proposes New Regulations and Taxes on Oil and Gas Industry

    01/13/2024 2:31:20 PM PST · by Red Badger · 29 replies
    Gateway Pundit ^ | Jan. 13, 2024 4:00 pm | By Cristina Laila
    The Biden Regime is now proposing a new natural gas tax. Biden’s first order of business was to kill tens of thousands of jobs and cancel the Keystone XL pipeline. Gas prices shot up immediately after Biden canceled the Keystone Pipeline. Since then, Biden has continued to wage a war on the ‘fossil fuel’ industry. He has also depleted the Strategic Petroleum Reserve. Now Biden is proposing new regulations and taxes on the fossil fuel industry. “Under President Biden’s leadership, EPA is delivering on a comprehensive strategy to reduce wasteful methane emissions that endanger communities and fuel the climate crisis,”...
  • News Summary-Intelligence Report Thursday 1/11/2024 US,UK Air Strikes On Yemen, South Africa Accuses Israel At World Court, Russian Oil Imported Into US

    01/11/2024 8:59:20 PM PST · by Nextrush · 1 replies
    Nextrush Free ^ | 1/11/2024 | Nextrush/Self
    "There is no fraud, it's a fraud on me" President Donald Trump speaking... In Los Angeles Hunter Biden entering a not guilty plea to tax charges... Russia calling for a meeting of the UN Security Council tomorrow over the attacks on Yemen...Air strikes on the Yemeni military (Houthi) forces in Yemen... The US Federal Aviation Administration formally launching a probe of major aircraft maker-defense contractor Boeing. This following last Friday's blowout involving the side of a Boeing 737MAX 900... Poland's President Andrzej Duda wants to pardon two politicians from his religious -conservative party arrested at his presidential palace... US politics...
  • Biden administration is 'sowing the seeds for the next energy crisis' by blocking Federal oil and gas leases

    01/11/2024 9:56:15 AM PST · by dennisw · 15 replies
    UK Daily Mail ^ | 11 January 2024 | By JAMES REINL
    Biden administration is 'sowing the seeds for the next energy crisis' by blocking oil and gas leases despite wars in Mideast and Europe threatening energy flows, top US trade group warns White House under pressure to halt oil and gas leases over global warming fears The Biden administration is 'sowing the seeds for the next energy crisis' by restricting America's oil and gas sector even as wars in the Middle East and Europe threaten supply shocks, the head of a top trade group has warned. Mike Sommers, president of the American Petroleum Institute (API), issued a stark warning that the...
  • Iran seized a oil tanker in the Gulf of Oman that was in the center of a dispute between Iran and the US

    01/11/2024 5:14:37 AM PST · by texas booster · 47 replies
    Israeli Public Broadcasting Corp ^ | Jan 11 2024 | Amichai Stein
  • Energy Department claims strategic oil reserve refill prices good for taxpayers, industry disagrees

    01/08/2024 8:29:06 AM PST · by Red Badger · 16 replies
    Just The News ^ | January 7, 2024 11:21pm | By Kevin Killough
    An industry spokesperson compared the DOE’s recent purchases to a teenage son, granted use of the family car, bringing it home with the tank half empty. Then, he tells you it's okay because he’s going to put a gallon in today and another one tomorrow. It will take 75 months to bring the nation's petroleum reserves back to the level it was before Biden began draining it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The U.S. Department of Energy (DOE) announced Wednesday another request to buy 3 million barrels of oil that will help replenish the nation’s energy stockpiles, which have been drained under President Joe...
  • These 11 States Are Leading America's Oil Production Boom

    01/04/2024 8:51:54 PM PST · by SeekAndFind · 7 replies
    Oil Price ^ | 01/04/2024 | Robert Rapier
    Texas dominates U.S. oil production, contributing 42.6% of the total output, mainly due to the Permian Basin.New Mexico has seen dramatic 190% increase in oil production over the past five years, becoming the second-leading oil producer in the U.S.California faces a 30.7% reduction in oil production over the past five years, largely due to political and geological challenges.U.S. oil production has increased by 21% over the past five years. According to data from the Energy Information Administration (EIA), earlier this month U.S. oil producers set a new annual production record.This increase is being driven by a surge of production in...
  • U.S. oil production hit a record under Biden. He seldom mentions it.

    12/31/2023 9:08:20 AM PST · by Salman · 65 replies
    The Washington Post ^ | 2023-12-31 | Evan Halper and Toluse Olorunnipa
    You won’t hear President Biden talking about it much, but a key record has been broken during his watch: The United States is producing more oil than any country ever has. The flow of huge amounts of crude from American producers is playing a big role in keeping prices down at the pump, diminishing the geopolitical power of OPEC, and taming inflation. The average price of a gallon of regular gasoline nationwide has dropped to close to $3, and analysts project it could stay that way leading up to the presidential election, potentially assuaging the economic anxieties of swing state...
  • Record Global Gasoline Consumption Defies IEA Forecast (& EV Hype)

    12/29/2023 11:16:03 AM PST · by SeekAndFind · 6 replies
    Oil Price ^ | 12/29/2023 | Tsevatana Paraskova
    Global gasoline consumption hit a record 26.9 million barrels per day (bpd) this year, exceeding the 2019 peak and defying estimates that the last pre-pandemic year was the time when gasoline demand worldwide would peak. The data, reported by Bloomberg Opinion columnist Javier Blas, shows the latest figures from the International Energy Agency (IEA). The same agency, which has been strongly advocating for a faster energy transition for years, had predicted just this year that 2019 was the peak demand for gasoline globally. Back in June, in its Oil 2023 annual report, the IEA said that “Growth is set to...
  • Transitioning away from fossil fuels

    12/28/2023 2:19:03 AM PST · by Jyotishi · 48 replies
    The Pioneer ^ | Sunday, December 24, 2023 | B. K. Singh
    OPINION The USA, Canada, Australia, Norway and the UK which had the moral responsibility to rapidly phase out oil and gas production are responsible for planned expansion from new oil and gas fields for next decade and half. How can these countries advise India to cut on coal consumption? Our greenhouse gas emission is nearly 3 Giga tonnes of CO2 equivalent annually. We are distant third behind the two top emitters China with 14 Giga tonnes and the US with 8 Giga tonnes Among the important outcomes, COP 28 text proposes to triple renewable energy capacity and double the global...
  • Angola Quits OPEC Over Lower Production Quotas

    12/21/2023 2:35:55 PM PST · by nickcarraway · 2 replies
    Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the African nation's oil minister, said Angola “does not gain anything by remaining in the organization,” according to state news agency Angop. The country joined OPEC in 2007. Disagreements over lower oil quotas for some African countries, including Angola, led to an usual dayslong delay to OPEC's November meeting, where the group, along with allied producers led by Russia, decide how much oil to send to the world. At the meeting, Angola's production...
  • Soaring U.S. Crude Production Fuels Export Boom

    12/20/2023 7:44:46 AM PST · by Miami Rebel · 25 replies
    oilproce.com ^ | 12/19/2023 | Charles Kennedy
    U.S. oil production reached a record 13.2 million barrels per day, significantly increasing exports, especially to Europe and Asia. End-of-year tax considerations are prompting traders to export more oil to reduce taxable inventory, with exports expected to average 5 million barrels per day. The integration of WTI Midland in the Brent basket and the European embargo on Russian oil have contributed to the growing popularity of U.S. crude in global markets.