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Keyword: opec

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  • Israeli environment minister says UAE oil deal is blocked

    12/31/2021 6:12:56 PM PST · by blueplum · 6 replies
    AP ^ | 30 December 2021 | TIA GOLDENBERG
    TEL AVIV, Israel (AP) — Israel’s Environment Minister said Thursday a clandestine oil deal that would have turned a scuba divers’ paradise into a waypoint for Emirati oil headed for Western markets has effectively been blocked.... ...The secret deal would have significantly increased the number of oil tankers docking and unloading in the Israeli resort city of Eilat. It was struck last year between the Europe-Asia Pipeline Company, the Israeli government-owned corporation, and MED-RED Land Bridge, a joint Israeli-Emirati venture, following the historic agreement establishing formal diplomatic ties... ...Senior officials in former Prime Minister Benjamin Netanyahu’s government — including his...
  • Labor Shortage And Surging Shipping Costs Are Biggest Drivers Of US Food Inflation

    01/16/2022 9:56:53 AM PST · by blam · 29 replies
    Nation And State ^ | 1-16-2022
    Setting aside the ever-present issue of the global supply chain crunch presently gestating in the PROC, where factories and ports are struggling with the most restrictive lockdown measures since the (Fauci-funded) “China virus” first burst forth out of Wuhan, the US is still facing serious shortages of workers and critical goods like foodstuffs and medicine. The US labor market disappointed once again in December, while November’s similarly disappointing number was revised up only slightly. Meanwhile, those who are working are struggling with the fact that inflationary price pressures are hammering real wages. And regardless of what the Fed does next,...
  • Tech Sell Off, Bubble Comparisons, China | ITK with Cathie Wood

    01/12/2022 9:57:10 AM PST · by SunkenCiv · 9 replies
    YouTube ^ | January 7, 2022 | Cathie Wood [episode XXIV of "In the Know"]
    On episode XXIV of "In the Know," (January 7, 2022) ARK CEO/CIO, Cathie Wood, weighs in on the tech sell off, innovation stocks, autos, China, the tech & telecom bubble, and more. As always, she also discusses fiscal policy, monetary policy, the economy, market signals, economic indicators, and innovation. We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.Tech Sell Off, Bubble Comparisons, China | ITK with Cathie Wood | January 7, 2022 | ARK Invest
  • How Obama, Biden and Clinton helped Russia's Putin weaponize energy

    07/19/2020 5:34:11 AM PDT · by george76 · 12 replies
    Bentley Media Group ^ | July 18, 2020 | John Solomon
    Russians secretly mocked Obama for so easily giving them American uranium, nuclear fuel contracts and technology, FBI informant reveals in excerpts from the new book "Fallout: Nuclear Bribes, Russian Spies and the Washington Lies that Enriched the Clinton and Biden Dynasties." The failed Russian reset .. repeatedly gave Russia's nuclear monopoly, Rosatom, assets like uranium under U.S. soil and billions of dollars in nuclear fuel contracts that made American electricity customers reliant on Moscow for years to come. And then Vladimir Putin pulled the rug out from under the Obama administration in 2014, invading the Crimea region of U.S. ally...
  • Bets Are Rolling In Again for $100 Oil

    01/10/2022 10:28:56 AM PST · by Hojczyk · 24 replies
    Barrons ^ | Jan. 10, 2022 11:52 am ET | By Avi Salzman
    To say investors are bullish on oil again would be an understatement. In a year that has begun with serious uncertainty—largely about the path of interest rates and tech stocks — a positive call on oil is as close to a consensus opinion as it gets. In fact, traders are making bets again that U.S. oil prices will rise above $100. It would take a major surge to get there. West Texas Intermediate (WTI) crude futures, the U.S. benchmark, were down 0.2% on Monday to $78.72 per barrel. There are several reasons for the resurgent bullishness. For one thing, oil...
  • Commission to table green investment rules for gas and nuclear early next year

    12/24/2021 5:33:41 PM PST · by The_Media_never_lie · 7 replies with Reuters ^ | December 21, 2021 | Staff
    The European Union’s executive Commission is considering whether to include nuclear and natural gas in its “sustainable finance taxonomy”, a rulebook that will restrict which activities can be labelled as climate-friendly investments. “We are going to have most likely a discussion tomorrow in college, which then will lead… to approval next year,” EU environment commissioner Virginijus Sinkevičius told a news conference on Monday, referring to the Commission’s weekly “college” meeting.
  • Charging tweak revives lost lithium to boost battery capacity & lifespan

    12/23/2021 10:45:25 AM PST · by Red Badger · 17 replies ^ | DECEMBER 22, 2021 | By Nick Lavars & Stanford University
    Scientists have taken aim at inactive clumps of lithium that build up over a battery's lifetime and shown how they can be brought back to life to boost the performance of the device. They say this can be achieved simply through tweaks to the charging process, and the approach mightn't just benefit the batteries of today, but unlock next-gen battery designs with far greater densities. The breakthrough comes from a team of scientists at the Department of Energy’s SLAC National Accelerator Laboratory and Stanford University, who were focused on what they call islands of inactive lithium. These form as batteries...
  • Texas refinery blast could help push gas prices above $4 a gallon

    12/24/2021 12:41:07 PM PST · by NoLibZone · 96 replies
    MAMBLA then DNC thru CNN ^ | Dec 23,2021 | Chris Isidore
    The blast at a Texas oil refinery early Thursday will probably push already high gasoline prices even higher — although not immediately. The blast and resulting fire at the ExxonMobil plant in the Houston-area city of Baytown, Texas, injured at least four workers. The accident could hamper output at one of America’s largest refineries for months, weighing on gasoline supply at at time when US refining capacity has already been reduced, said Tom Kloza, chief oil analyst for the Oil Price Information Service. “They’re not going to have all systems go for a couple of quarters,” he said. The average...
  • Russia warns of military action as fears mount of Christmas invasion of Ukraine

    12/20/2021 7:44:12 PM PST · by RomanSoldier19 · 30 replies ^ | December 20, 2021 | By Ben Wolfgang - The Washington Times - Monday, December 20, 2021
    Russia upped the ante Monday in its dangerous standoff with Ukraine, openly warning of military action if President Biden and America’s NATO allies ignore a list of demands Moscow announced late last week — a far-reaching list that some key U.S. lawmakers have dubbed a “pretext to war.” Russian Deputy Foreign Minister Sergei Ryabkov said his country is fully prepared to respond through “military-technical means” if Western powers fail to address those demands. He said NATO must not expand to include Ukraine or Georgia and the U.S. must not base additional military assets in former Soviet republics in Central Asia....
  • Blackstone CEO predicts the energy crisis will worsen inflation and prompt social unrest

    10/27/2021 11:34:26 AM PDT · by RomanSoldier19 · 19 replies ^ | 10/27/2021 | Huileng Tan
    The energy shortage is severe enough that it could cause a lot of unhappiness and social unrest, said Blackstone CEO, Stephen Schwarzman. Benchmark US oil futures are around $85 a barrel after surging about 75% year-to-date. Oil could rise to $100 a barrel, said BlackRock CEO Larry Fink. The global energy crisis is severe enough that it could fuel social unrest, said the CEO of asset management company Blackstone on Monday. Stephen Schwarzman was speaking at the Future Investment Initiative conference in Saudi Arabia. Schwarzman, who is also co-founder of the investment firm, said: "We're going to end up with...
  • Biden Crude Release Moves Into Second Round With Bids Due Jan. 4

    12/17/2021 10:44:56 AM PST · by SaxxonWoods · 18 replies
    Yahoo ^ | 12/17/1021 | Sheila Tobin
    The Department of Energy is selling 18 million barrels of sour crude from storage caverns in Texas and Louisiana in a tender that closes Jan. 4, with deliveries from Feb. 1 through March 31, according to a statement on its website. Crude futures have dropped about 15% since late October, when President Joe Biden and his team began indicating they were considering a variety of tools to bring down fuel prices. Oil has fallen more sharply since news of the omicron variant of the coronavirus broke in late November. Biden to Release U.S. Oil Reserves in Challenge to OPEC+
  • There’s a Massive Gas Tax in Biden’s 'Build Back Better' Spending Bill

    12/13/2021 8:59:43 AM PST · by SeekAndFind · 23 replies
    Townhall ^ | 12/13/2021 | Katie Pavlich
    President Joe Biden is desperately trying to get his multi-trillion dollar spending package passed on Capitol Hill before Christmas, but according to the Wall Street Journal, Build Back Better includes a significant tax on natural gas. "It could be a rough winter for energy prices across the U.S., and the Democratic spending plan will make it worse. The House passed what it calls a 'fee' on methane that amounts to a stealth tax on natural gas and everyone who uses it," the Editorial Board writes. "The bill slaps an escalating tax on methane emissions by oil and gas producers that...
  • Russia Vetoes UN Resolution To Recognize "Climate Change" As A Threat To Global Security

    12/13/2021 8:23:59 AM PST · by Enlightened1 · 29 replies
    Disclose TV via Twitter ^ | 12/13/21 | Disclose TV
    JUST IN - Russia vetoes UN resolution to recognize "climate change" as a threat to global security.
  • Biden Blames Big Oil for High Cost of His War on Oil

    12/06/2021 3:13:40 PM PST · by Tolerance Sucks Rocks · 30 replies
    The Daily Signal ^ | December 3, 2021 | Deroy Murdock
    President Joe Biden is the kind of man who deliberately would steer his car into a ditch, crawl from the wreckage, and then probe the ditch for criminal conduct. Such nonsense mirrors Biden’s recent instructions to the Federal Trade Commission. Citing “mounting evidence of anti-consumer behavior by oil-and-gas companies,” Biden told the Federal Trade Commission to “bring all of the Commission’s tools to bear if you uncover any wrongdoing.” Is Biden cynical enough to blame Big Oil for a national fiasco that he concocted? Or is he so touchingly self-unaware that he misses the connection between higher pump prices and...
  • EIA: Coal-Fired Power Generation Surges 22% In Past Year

    12/06/2021 10:41:31 AM PST · by george76 · 9 replies
    OAN Newsroom ^ | December 6, 2021
    The share of coal in U.S. power-generation is rising for the first time since 2014 amid Joe Biden’s crackdown on oil drilling and pipelines. The Energy Information Administration found coal-fired power generation has increased by 22 percent over the past year amid surging prices of natural gas and oil. The cost of coal power stands at nearly $2 per million of British Thermal Units. Meanwhile, natural gas costs almost $5 for the same amount of energy. ... The coal comeback comes despite Biden’s calls to eradicate the use of fossil fuels and a Democrat push for electric cars, which end...
  • "The Israeli Mossad is on its way to wreaking havoc inside Iran"

    12/06/2021 7:42:56 AM PST · by JerusalemOne · 48 replies
    Nziv.Net ^ | NEWSRAEL
    The Israeli Mossad is on its way to wreaking havoc inside Iran, says British journalist Jake Wallis Simmons. Iran is about to be hit by a new deadly wave of Israeli Mossad operations, senior Jerusalem sources told me. This will happen as a result of a change in Israeli policy, from now on, "When Tehran's proxy militias cause problems in the region, the Jewish state will take revenge on Iranian soil." It will no longer attack the octopus' tentacles, "said one senior source. It has been decided in Israel to go for the octopus head."
  • Saudis Raise Oil Prices for Asia, U.S. Despite Omicron’s Spread

    12/05/2021 5:37:45 PM PST · by Hojczyk · 24 replies
    Yahoo Finance ^ | December 5,2021 | Anthony Di Paola and Grant Smith
    Prices for the U.S. will go up by between 40 and 60 cents.,". Those for Europe, a relatively small market for Aramco, will be cut. OPEC+ opted on Thursday to proceed with a production increase for next month, even as new Covid-19 cases threaten to sap demand and with the alliance predicting the oil market will flip from a supply deficit to a surplus in early 2022. Brent crude is down 15% since late November to just below $70 a barrel, reducing this year’s gain to 35%. The fall is mainly due to the discovery of omicron and the prospect...
  • Fossil Fuel Restriction Dam Starting To Break

    12/05/2021 4:37:49 AM PST · by MtnClimber · 61 replies
    Manhattan Contrarian ^ | 5 Dec, 2021 | Francis Menton
    Somewhere a couple of decades or so ago, the rich parts of the world embarked on a program of replacing energy from fossil fuels (coal, oil, natural gas) with energy from intermittent “renewables” (mainly wind and solar). In trendy academic, journalistic, and otherwise progressive circles, the idea took hold that this was the way to “save the planet.” This program was undertaken without any detailed engineering study of how or whether it might actually work, or how much it might cost to fully implement. In the trendy circles, there took hold a blind faith in the complete ability of the...
  • Radical Environmentalism Poses Grave Threat to True Conservation Efforts

    12/03/2021 3:03:07 AM PST · by Kaslin · 7 replies ^ | December 3, 2021 | Gabriella Hoffman
    There is a grave environmental crisis afoot. Mind you, it isn’t the oft-discussed “climate crisis”— but a threat that’s conveniently overlooked: radical preservationism. Preservationists, namely the far-Left and their environmentalist allies, have falsely presented themselves as true conservationists. But they’ve finally been unmasked. How? Anytime their policies are enacted, the results are ruinous to both people and nature. Take raging wildfires out West. A lack of forest management, due to preservationist policies, has led to the destruction of nearly 20 percent of sequoia trees in the last two years. That’s unconscionable. Here are some additional examples of destructive preservationist environmentalist...
  • California Gas Price Averages Soar to All-Time Record High

    11/15/2021 9:51:20 AM PST · by Red Badger · 37 replies ^ | NOV 15, 2021 9:32 AM ET | BY GWENDOLYN SIMS
    On Sunday, California gas prices rose to a record-setting high average of $4.676 per gallon for regular gasoline, according to the American Automobile Association (AAA). The previous record average price of $4.671 was set in October 2012. The Golden State is America’s largest state by population and currently has the highest gas prices in the country even as the national average dropped slightly to $3.413. One reason for the increase, AAA said, is the state’s reduced refinery production capacity due to heavy rainstorms in northern California which then trickled down the supply chain, impacting southern California similar to what happened...