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Keyword: petroleum

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  • The Enemies of Food Freedom

    06/12/2024 7:53:17 AM PDT · by Heartlander · 18 replies
    Brownstone Institute ^ | June 10, 2024 | Tracy Thurman
    The Enemies of Food FreedomIn every war, there is necessarily an enemy force, and the war on our food supply is no exception. My previous article addressed the ongoing attacks on farmers across the globe. In today’s article, we will look at some of the culprits behind this agenda. For anyone who delved into the entities behind the tyrannical Covid policies, many names on the list below will seem quite familiar.Bayer/MonsantoBayer merged with Monsanto in 2018, combining the companies responsible for Agent Orange and pioneering chemical warfare. In 1999, Monsanto’s CEO Robert Shapiro bragged that the company planned to control...
  • Oil prices fall after OPEC+ plans to begin phasing out voluntary cuts in fourth quarter

    06/03/2024 8:05:00 AM PDT · by Miami Rebel · 12 replies
    Marketwatch ^ | June 3, 2024 | Myra P. Saefong and William Watts
    Move to phase out voluntary cuts depends on market conditions Oil futures headed lower on Monday as traders assessed a decision by the OPEC+ to extend cuts by the group into 2025 but to begin unwinding some additional voluntary reductions later this year. West Texas Intermediate crude CL00, -2.69% for July delivery CL.1, -2.74% CLN24, -2.69% was down $2, or 2.7%, to $74.94 a barrel on the New York Mercantile Exchange. August Brent crude BRN00, -2.38% BRNQ24, -2.43%, the global benchmark, fell $1.72, or 2.1%, to $79.39 a barrel on ICE Futures Europe. July gasoline RBN24, -2.12% declined by 2.1%...
  • Don't Listen to the Libs: America Has up to 485 Years of Fuel Remaining, According to New Report

    05/13/2024 7:25:17 PM PDT · by bitt · 36 replies
    https://www.westernjournal.com/ ^ | 5/13/2024 | Mike Landry
    When are we going to run out of energy? You don’t hear that as much as you used to, since Those Who Know Best are working to plug up all our energy sources anyway. Most energy sources put out carbon dioxide, and that’s going to make all the plants grow and devour us all, or it will heat the planet up and make Minneapolis a desert — and we’ll all fry. Or something. But we don’t hear much any more about running out of energy. What do the experts say about it? “According to the U.S. Energy Information Administration’s (EIA)...
  • Biden asks Ukraine not to attack Russian refineries

    04/14/2024 1:09:04 AM PDT · by Eleutheria5 · 56 replies
    Arutz Sheva ^ | 14/4/24
    The USA has called for Ukraine not to attack Russian refineries despite Russia's widespread offensive against several energy facilities in Ukraine. The Department of Defense has warned that such an attack could bring another spike in fuel prices worldwide. Michaelo Podoliak, advisor to Ukrainian president Volodymyr Zelenskyy, claimed that such facilities were legitimate military targets. In a recent interview, he also claimed that such an attack was not only legitimate but desirable on a worldwide level in order to weaken Russia's hold on the energy lobby. “Ukraine must destroy Russia's refineries. They have no impact on worldwide pricing, and are...
  • Faced with high prices, Biden administration cancels oil purchase to refill U.S. energy stockpile

    04/03/2024 10:49:14 AM PDT · by Red Badger · 21 replies
    Just The News ^ | April 3, 2024 12:58pm | Kevin Killough
    In March, Energy Secretary Jennifer Granholm had stated that the SPR would be refilled by the end of 2024. The Biden administration is reportedly putting a hold on plans to replenish the nation’s energy stockpiles, citing cost. The Energy Department announced it would not be purchasing 3 million barrels of oil as part of an effort to refill the Strategic Petroleum Reserve, according to Bloomberg, saying it is “keeping the taxpayer’s interest at the forefront.” The administration’s target for the buys is $79 a barrel, but its purchase of 2.8 million barrels last month averaged approximately $81 per barrel. Oil...
  • The Mystery Of The Uncontrolled Hatred Of Fossil Fuels And Those Who Produce Them

    03/13/2024 4:25:13 AM PDT · by MtnClimber · 55 replies
    Manhattan Contrarian ^ | 11 Mar, 2024 | Francis Menton
    What is it about fossil fuels [PETROLEUM products] and the people who produce them that brings forth such uncontrolled hatred, anger, and vengefulness in a very large segment of the population? I’ve been trying to figure out the answer to that question for many years, but I’m no closer today than when I started. I look at the use of fossil fuels in the world, and somehow I see enormous benefits to mankind — reliable electricity, transportation of people locally and at long distances, and of freight to enable worldwide trade, comfortable heating and cooling of homes, refrigeration to preserve...
  • 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.
  • chevron announces agreement to acquire hess

    10/24/2023 8:16:21 PM PDT · by ConservativeStatement · 3 replies
    Chevron ^ | October 23, 2023
    SAN RAMON, Calif. & NEW YORK, October 23, 2023 — Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion.
  • War in Israel looks unlikely to drive up U.S. energy prices, analysts say

    10/11/2023 8:23:07 PM PDT · by aperez77 · 15 replies
    NBC News ^ | Brian Cheung
    Prices at the pump remain on track to keep falling in the United States despite the Israel-Hamas war, according to energy industry analysts. After Hamas’ surprise attack over the weekend, global crude oil jumped to more than $87 a barrel by Monday, from below $83 late last week — roughly a 5% increase. Prices have since retreated, clocking in at $83.62 Wednesday morning. But Israel and its immediate neighbors aren’t major energy producers, so as long as the conflict doesn’t expand geographically, seasonal trends should continue much as they have for the last few weeks, said Tom Kloza, global head...
  • WTI surges over 4% to recapture $85 on Middle East violence

    10/08/2023 6:15:37 PM PDT · by ConservativeInPA · 6 replies
    FXStreet ^ | October 8, 2023 | Dhwani Mehta
    West Texas Intermediary (WTI) Crude Oil price is jumping over 4% to its highest level in three days, briefly recapturing the $85 mark in the Asian session on Monday. The extended rebound in Oil price comes on the heels of the escalating Middle East conflict between Hamas and Israel and concerns over its potential impact on global oil supplies.
  • Europe Kicks Its Russian Petro Habit

    09/30/2023 7:21:27 PM PDT · by Srednik · 14 replies
    Icarus Project ^ | Feb. 2023 | Icarus Project
    This video highlights how Europe is kicking its addiction to Russian natural gas and oil. 9 seconds into the vid notice the sign behind Vladolf Putler at his pep rally kicking off the invasion of Ukraine. Explains the "Z" on his tanks as the huge sign behind "The Boss" says "Za (toward) a greater Russia, a world without Naziism (horse laugh appropriate) and peace ('mir' in Russian can mean peace, village, or world -- or to a megalomaniac all three?) https://www.youtube.com/watch?v=k8WjXBBdh04
  • L. Fletcher Prouty: Oil is not a fossil fuel; it is the second most prevalent liquid on Earth

    09/29/2023 11:47:21 AM PDT · by Red Badger · 72 replies
    The Expose' ^ | SEPTEMBER 29, 2023 | RHODA WILSON
    During an interview in 1994, L. Fletcher Prouty spoke about what petroleum is. It isn’t what we think it is. It isn’t a fossil fuel. And it is the second most prevalent liquid on Earth, he said. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ L. Fletcher Prouty was Chief of Special Operations for the Joint Chiefs of Staff under US President John F. Kennedy. A former colonel in the United States Air Force, he retired from military service to become a bank executive and subsequently became a critic of US foreign policy, particularly the covert activities of the CIA about which he had considerable inside knowledge....
  • Well, Biden Screwed Us Forever on Another Damn Thing

    07/20/2023 7:06:24 AM PDT · by SeekAndFind · 17 replies
    PJ Media ^ | 07/20/2023 | Stephen Green
    I was thinking of Presidentish Joe Biden on Sunday when I was filling my Jeep’s smallish 15-gallon gas tank to the tune of $50 when it still had a couple of gallons left. Remember (because maybe he doesn’t) when Biden was emptying our Strategic Petroleum Reserve to force down gas prices in time for the midterms , promising to fill ‘er back up once prices dropped low enough? Yeah, about that. The SPR is probably never going to be refilled, according to one expert, and maybe not even for the reason that first popped into your mind. Let me set...
  • US Could Start Buying Oil To Refill SPR As Early As June

    05/12/2023 8:29:51 AM PDT · by SeekAndFind · 31 replies
    Oil Price ^ | 05/12/2023 | Svetana Paraskova
    The U.S. Administration could begin crude oil repurchases to fill the Strategic Petroleum Reserve as early as in June, after a Congressionally-mandated sale from the SPR is completed next month, U.S. Secretary of Energy Jennifer Granholm said on Thursday. “That congressionally mandated sale of 26 million barrels will be completed by June, and it's at that point where we will flip the switch and then seek to purchase,” Granholm said during a hearing in the U.S. House of Representatives. In October of last year, the administration announced that it would repurchase crude oil for the reserve when prices were at...
  • Di Leo: The Democrats' Obsession With Controlling the Climate Change Narrative Is to Ban Everything in Sight"

    05/04/2023 3:41:22 PM PDT · by jfd1776 · 8 replies
    Illinois Review ^ | March 4, AD 2023 | John F. Di Leo
    New York City, to the extent it can, is not only banning normal, efficient, affordable natural gas-powered appliances (furnaces, dryers, water heaters, ovens and ranges) from new construction in the city, they are now attempting to require existing buildings to junk the perfectly good appliances they already have, too and replace them with electric-powered versions. The state of California, to the extent it can, is not only banning some normal, functional, safe, efficient diesel-powered trucks from the congested seaports that need every truck they can get – they are even trying to find a way to ban strong diesel locomotives...
  • Farm Moratorium? Democrats Are Intentionally Destroying Our Food Supply Over “Climate Change”

    03/18/2023 9:31:04 AM PDT · by E. Pluribus Unum · 12 replies
    RedWave.com ^ | March 18, 2023 | Tammy Daniel
    ... Here’s the article by Scottie Barnes from our premium news partners at The Epoch Times. The focus of the article is on the energy crisis which goes hand-in-hand with the food crisis. But pay special attention to what Democrats are trying to do to farmers and ranchers in our nation. This is The Great Reset unfolding before our eyes.Critics Blast Oregon’s Efforts to Phase Out Petroleum Diesel and Restrict FarmingA series of climate bills now before the Oregon legislature could devastate rural communities and further fuel inflation, according to detractors.The bills would phase out petroleum-based diesel fuel, levy sweeping...
  • Don't worry, we'll never run out of Oil: When will we run out of Oil? 50 years? 100? As it turns out, we may never actually run out of this incredibly useful substance.

    12/09/2022 10:07:54 PM PST · by SeekAndFind · 54 replies
    Interesting Engineering ^ | 11/09/2022 | Christopher McFadden
    The discovery and exploitation of crude oil have literally transformed the world beyond all recognition.This was such a great discovery, that our modern world is literally fuelled by it.If the crude oil supply was to suddenly dry up, could we survive?Crude oil is one of the most important resources we have ever discovered. Oil and the many products made from it have literally and figuratively transformed the world beyond all recognition. However, as we are constantly reminded, crude oil is not in infinite supply. After all, it took millions of years to "brew". RelatedWhat Would Happen If the World Ran...
  • Cha-ching! EPA quietly quadruples regulatory cost of carbon emissions in new war on fossil fuels

    12/01/2022 5:05:48 AM PST · by Red Badger · 34 replies
    Just The News ^ | By John Solomon Updated: November 30, 2022 - 11:04pm
    Social Cost of Carbon estimate jumps from $51 to $190 per metric ton, creating future impact for Americans' wallets and a new headache for the oil and gas industries. With the price of everything from gasoline to food soaring in America, nobody is surprised by inflated price tags these days. But even by Washington standards, an action taken earlier this month by the Environmental Protection Agency is creating sticker shock: a nearly fourfold increase in the government calculation of damages from carbon emissions. The so-called Social Cost of Carbon was first set in 2009 under then-President Barack Obama. Under Democrats...
  • Four Reasons Why The U.S. Is Grappling With A Diesel Shortage

    11/10/2022 5:05:03 AM PST · by george76 · 46 replies
    Oil Price ^ | Nov 05, 2022 | Robert Rapier -
    Distillate levels in the United States have plummeted to the lowest levels since 2008.. Low distillate inventories have sent diesel prices soaring. ... The primary distillates are diesel, jet fuel ,and heating oil). However, in 2008 distillate levels were low coming out of spring. Currently, they are low going into fall. That’s far worse than the situation in 2008. Distillate demand generally spikes in spring — when farmers are planting crops — and in fall, when they are harvesting those crops and people start buying fuel oil for winter. Thus, a low distillate inventory in late April 2008 isn’t quite...
  • Accelerating the Transition [semi-satire]

    10/24/2022 9:46:05 AM PDT · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 23 October 2022 | John Semmens
    The US was an energy exporter before Biden was inaugurated as president. It isn't anymore. Biden's energy advisor Amos Hochstein says this is a good thing. "When energy was plentiful under the Trump Administration it undermined the incentive for Americans to switch to green alternatives," Hochstein said. "The steps that President Biden has taken to reduce the availability gasoline, diesel, and natural gas have led to sharp increases in the prices of these non-renewable sources of energy. So, not only is it harder to get these fuels, it is also more costly. While this may be painful for consumers in...