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Keyword: oil

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  • Russia's Prime Minister Medvedev promises to help Cuba get Oil

    10/13/2019 3:12:17 PM PDT · by CondoleezzaProtege · 13 replies
    Moscow Times ^ | Oct 5, 2019 | Reuters
    Russia will find ways to help Cuba secure supplies of oil and petroleum products, Russian Prime Minister Dmitry Medvedev said in an interview broadcast on Saturday. Havana said on Sept. 11 that it had not secured sufficient shipments of refined fuels such as gasoline and diesel for the rest of the month due to sanctions imposed by the United States in retaliation for its support for Venezuelan President Nicolas Maduro. "I think we will find other ways to help Cuba get oil and petroleum products," Medvedev told Rossiya 1 TV when asked if Russian ships could escort oil tankers to...
  • California governor signs bill limiting oil,gas development

    10/12/2019 7:22:33 PM PDT · by mdittmar · 35 replies
    AP ^ | 10/1/2019 | AP
    SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom on Saturday signed a law intended to counter Trump administration plans to increase oil and gas production on protected public land.The measure bars any California leasing authority from allowing pipelines or other oil and gas infrastructure to be built on state property. It makes it difficult for drilling to occur because federally protected areas are adjacent to state-owned land.
  • COSCO Tankers Go Dark

    10/09/2019 3:38:22 PM PDT · by ameribbean expat · 43 replies
    About a third of the tankers owned by COSCO Shipping Tanker (Dalian) have shut off their AIS systems after the U.S. imposed sanctions on the company for allegedly shipping Iranian crude, reports Reuters. Ship tracking data from Refinitiv Eikon indicates that in the week ending October 7, 14 tankers, including nine VLCCs, have gone dark. The U.S. imposed sanctions on the company on September 25. At the time, the U.S. Department of State said the company, along with five others, knowingly engaging in a significant transaction for the transport of oil from Iran in defiance of sanctions set in place...
  • Greta Thunberg’s Not-So-Little Carbon Footprint

    10/07/2019 7:32:07 AM PDT · by bananaman22 · 25 replies
    Oilprice.com ^ | 10-07-2019 | Juli
    If you’ve heard of the phrase “carbon footprint” chances are, you’ve heard of Greta Thunberg. The impassioned 16-year-old climate activist is now the subject of countless news articles, angry tweets, and not surprisingly, a whole host of uncharitable memes. A polarizing force, you either love her for her devoted climate fervor or you hate her for the public spanking that she unleashed on world leaders for not taking the impending climate doom seriously enough. She has shamed politicians and individuals and has unapologetically called on the world to panic along with her. But does Greta really buy what she’s selling?...
  • Methane sensors put on planes, trucks in oil production zone (NM,TX)

    10/04/2019 11:15:11 AM PDT · by CedarDave · 19 replies
    The Albuquerque Journal ^ | October 2, 2019 | AP
    SANTA FE, N.M. — Methane sensors will be put on planes, trucks and atop towers in the West Texas and southeastern New Mexico desert in a new effort to gauge the extent of greenhouse gas emissions from surging oil and natural gas production, advocates with the Environmental Defense Fund announced Wednesday. The yearlong project in the Permian Basin petroleum production region involves researchers from Pennsylvania State University and the University of Wyoming, and low-flying planes from a Colorado-based atmospheric research company. The new methods will be used because traditional estimates of methane emissions have not kept up with the rapid...
  • Two Women Charged with Offenses Related to Pipeline Attacks

    10/04/2019 11:07:08 AM PDT · by yesthatjallen · 20 replies
    USAO - Iowa ^ | October 2, 2019 | Staff
    DES MOINES, Iowa – On September 19, 2019, a federal grand jury returned an Indictment charging defendants, Jessica Rae Reznicek and Ruby Katherine Montoya, with one count of conspiracy to damage an energy facility, four counts of use of fire in the commission of a felony, and four counts of malicious use of fire, announced United States Attorney Marc Krickbaum. Montoya was recently arrested in the District of Arizona and detained pending court proceedings to determine her appearance in the Southern District of Iowa. Reznicek appeared in Des Moines on October 1, 2019 and was conditionally released pending trial. Trial...
  • Groups sue to protect sand dune lizard (Oil drilling areas in NM, TX)

    10/04/2019 10:58:35 AM PDT · by CedarDave · 18 replies
    The Albuquerque Journal ^ | October 1, 2019 | Theresa Davis
    Two environmental groups are suing the U.S. Fish and Wildlife Service in an effort to protect the dunes sagebrush lizard, also known as the sand dune lizard, under the Endangered Species Act. The Center for Biological Diversity and the Defenders of Wildlife filed a lawsuit in federal district court on Tuesday. The small lizard only lives in southeast New Mexico and west Texas. It thrives in sand dunes and shrubs called shinnery oaks. In May 2018, the groups asked Fish and Wildlife to list the species as threatened or endangered. The lawsuit argues the agency should have responded within 90...
  • Constraining Iran Requires Ending its Colonization of Arabistan

    10/03/2019 4:19:42 PM PDT · by Eleutheria5 · 13 replies
    Al-Ahwaz ^ | Abdullah Al Khazaal
    Despite their lofty rhetoric, Iranian leaders have failed to address their own oppression and discrimination against the Arabs whose oil-rich land they have exploited for decades. iran’s meddling across the Middle East is increasing. Iranian Revolutionary Guardsmen seize ships, Iranian proxies fire missiles into neighboring countries, and the Islamic Republic continues to seek a land bridge to the Mediterranean. Enabling Tehran’s malign outreach is its oil wealth. Iran possesses the fourth largest known oil reserves in the world. Eighty percent of Iran’s oil is found in Khuzestan, the southwestern province at the head of the Gulf. A century ago, the...
  • California’s Foreign-Oil Problem

    10/01/2019 5:58:14 AM PDT · by karpov · 35 replies
    Wall Street Journal ^ | Seprtember 30, 2019
    Following the attacks on Saudi Arabia’s oil facilities last month, many forecasters warned that gas prices would spike. Yet prices have hardly budged—except in California, where they are surging due to policies that have made the state more reliant on foreign oil. Gas prices in the Golden State have shot up 30 cents a gallon in the last week amid problems at in-state refineries to a statewide average of $4.03 a gallon and may be headed higher. Prices rose a mere 10 cents nationwide in the week after the attacks on Saudi facilities and have since ticked down a few...
  • $300 Oil: What If The Attacks In Saudi Arabia Had Destroyed Production?

    10/01/2019 8:20:56 AM PDT · by bananaman22 · 24 replies
    Saudi Arabia’s Crown Prince Mohammed bin Salman (MBC) has told CBS that oil could reach “unimaginably high numbers” if a war with Iran were to erupt, which he suggested could happen if “the world does not take a strong and firm action to deter Iran.” And while MBS is known to engage in hyperbole when it comes to the threat Iran poses, recent events suggest he may have a point here. But what are these unimaginably high numbers he is suggesting? $100 per barrel? $300 per barrel? And what would the world look like if prices really went that high?
  • Oil slides after Iran claims US offered to remove sanctions, but State Department denies

    09/27/2019 6:22:27 AM PDT · by RummyChick · 3 replies
    cnbc ^ | 9/27/2019 | yun li
    Oil slide after Iranian President Hassan Rouhani claimed on Friday the U.S. offered to remove all sanctions on Iran in exchange for negotiations. The State Department later denied those claims, causing oil to rebound from the lows WTI crude futures were last lower by 2% to $55.27 following the report after falling as low as $54.79. Brent crude futures fell 1.9% to $60.59. “The German chancellor, the prime minister of England (Britain) and the president of France were in New York and all insisted that this meeting take place. And America says that it will lift the sanctions,” Rouhani said...
  • Fracking Ban Rhetoric Might Appeal to Woke Left But It's A Loser For America

    09/26/2019 6:12:29 PM PDT · by 2ndDivisionVet · 4 replies
    Forbes ^ | September 23, 2019 | Dan Eberhart
    With the 2020 presidential election around the corner, Democrat candidates are laying out what they hope is a winning platform on energy. Climate change is playing a leading role with both MSNBC and CNN hosting major climate forums. In their zeal to cater to the radical wing of the party’s base, many candidates – Elizabeth Warren, Bernie Sanders and Kamala Harris among them – are calling for a total ban on the use of hydraulic fracturing for oil and natural gas production on public and private lands. While a fracking ban might win some votes among environmental activists, it’s a...
  • U.S. Gasoline Prices See Biggest Weekly Rise In Two Years

    09/25/2019 3:30:13 PM PDT · by bananaman22 · 15 replies
    Oilprice.com ^ | 09-25-2019 | Para
    In the aftermath of the attacks on Saudi oil, the U.S. average retail gasoline price jumped by more than 10 cents per gallon between September 16 and September 23—the largest weekly increase in gas prices since early September 2017, when in the wake of Hurricane Harvey gas prices jumped by 28 cents/gallon in one week, the EIA said on Wednesday.
  • President Donald Trump approves deployment of US forces to Saudi Arabia, UAE after attack on oil...

    09/20/2019 4:23:33 PM PDT · by blueyon · 90 replies
    WTOP ^ | 9/20/19 | AP?
    """"President Donald Trump approves deployment of US forces to Saudi Arabia, UAE after attack on oil facilities.""" WASHINGTON (AP) — The Latest on the U.S. response to attacks on the Saudi oil industry (all times local): 6:45 p.m. The Pentagon says the U.S. will deploy additional troops and military equipment to Saudi Arabia and the United Arab Emirates to beef up security, as President Donald Trump has at least for now decided against any immediate military strike on Iran in response to the attack on the Saudi oil industry.
  • Guess Who Tim Kaine Is Blaming For The Attack On Saudi Arabia? (HINT: Not Iran)

    09/19/2019 8:14:52 AM PDT · by SeekAndFind · 23 replies
    Hotair ^ | 09/19/2019 | Jazz Shaw
    I’ll give you three guesses and the first two don’t count. Wait… you still need a hint? It rhymes with “rump.” Yes, Virginia Senator (and failed Vice Presidential candidate) Tim Kaine sat down yesterday with CNN’s John Berman to talk about the recent attack on a major Saudi Arabian oil refinery. Given all of the finger-pointing that’s been going on, surely he would be able to shed some light on things and offer a bit of clarity, right? Of course. And he quickly did, pinning the blame on Donald Trump for creating an atmosphere of war by continually “provoking” Iran...
  • Tulsi Gabbard: Saudi Promotion of ‘Extremist Wahhabi Ideology’ a Bigger Threat to U.S. Than Iran

    09/19/2019 6:21:43 AM PDT · by KC_Lion · 76 replies
    Breitbart ^ | 18 Sep 2019 | Jeff Poor
    (Video) Tulsi Gabbard: Trump response to Saudi oil strikes a 'disgrace' Wednesday on Fox News Channel’s “Your World,” Rep. Tulsi Gabbard (D-HI), a candidate for the 2020 Democratic Party presidential nomination criticized President Donald Trump’s response to an attack on an oil production facility in Saudi Arabia. Gabbard went on to argue Saudi Arabia’s promotion of extremist Wahhabi ideology was a bigger threat to the United States than Iran. Partial transcript as follows: CAVUTO: All right, so the interpretation I have is that you want to bring back that Iran deal, get — move back to that. .... GABBARD: No,...
  • IRAN, SAUDI OIL FIELD ATTACK, AND LATEST NEWS VIDEOS

    09/17/2019 10:58:12 PM PDT · by Yosemitest · 81 replies
    Fox News Video ^ | Sept 17, 2019
    Watch these two videos for the latest news as of Sep 17, 2019: US officials say there's mounting evidence that Iran was behind attack on key Saudi oil facilities Coming War ? President Trump hints at military action against Iran after Saudi oil attacks
  • Warren Buffett’s Charities Are Making Him Richer by Funding Shady Attacks on Berkshire.. Competitors

    09/17/2019 10:34:15 PM PDT · by george76 · 10 replies
    PJ Media ^ | SEPTEMBER 16, 2019 | DREW JOHNSON
    last year Buffett donated $169 million to the NoVo Foundation, a charity run by his youngest son, Peter, and Peter’s wife, Jennifer. ... Some of the foundation’s resources are directed towards radical activism that clearly benefits Buffett’s bottom line. In fact, money Buffett donated to the NoVo Foundation has been used to attack companies that compete with Berkshire Hathaway's subsidiaries and holdings. ... In 2017, NoVo donated $3.5 million to the “Clean Clothes Campaign” managed by the liberal Tides Foundation.. ... Why would the NoVo Foundation fund a series of crusades focused on ferociously targeting Walmart and Sam’s Club? It...
  • America Is Becoming the New King of the Oil Market

    09/17/2019 7:20:36 AM PDT · by mac_truck · 30 replies
    Hellenic Shipping News ^ | 9/17/2019 | Oil Company News
    America’s oil production is booming. The country’s crude oil output is on track to average 12.2 million barrels per day (BPD) this year, according to the U.S. Energy Information Agency (EIA). That’s an increase of 1.2 million BPD from 2018’s record output. Because of that gusher of new supply, the country now rivals Saudi Arabia as the global oil kingpin. It even briefly overtook that nation as the leader in crude oil exports earlier this year. With more supply on the way and additional export infrastructure under construction, America is emerging as a dominant force in the oil market. The...
  • Aramco’s Oil Disruptions Could Last Months: Analyst

    09/16/2019 3:01:32 PM PDT · by bananaman22 · 24 replies
    Oilprice.com ^ | 09-16-2019 | Juli
    Saudi Arabia’s disrupted oil production may last longer than originally thought, Amrita Sen, chief oil analyst at Energy Aspects Ltd., told Bloomberg on Monday, with full resumption of oil production perhaps not returning for weeks—or even months. Saudi Arabia, too, is holding a more reserved position that initially thought, believing now that less than half the capacity at the Abqaiq processing plant can be restored quickly, according to Bloomberg sources that spoke on condition of anonymity. One of the longer lead-time items of the restoration are Abqaiq’s stabilization towers that separates out the dissolved gas from the crude oil—a distillation...