Sunday, May 20, 2018

Tag: Oil

The Dark-Money Cabinet

During the Presidential primaries, Donald Trump mocked his Republican rivals as “puppets” for flocking to a secretive fund-raising session sponsored by Charles and David Koch, the billionaire co-owners of the energy conglomerate Koch Industries. Affronted, the Koch brothers, whose political spending has made their name a shorthand for special-interest...

Trump And Iran: What The Next Administration Can Do

The United States’ relationship with Iran tops the list of foreign policy issues that will confront President-elect Donald Trump when he takes office in January. Like many of the other Republican presidential candidates, Trump was an early and staunch opponent of the Joint Comprehensive Plan of Action (JCPOA), the...

Bonds bloodied as Trump spending plans spur dollar

Routs in global bonds and emerging markets intensified, while the dollar climbed with base metals as investors positioned for the wave of fiscal stimulus that Donald Trump has pledged to unleash. The yield on 30-year Treasuries rose to the highest since January, with last week’s record debt selloff bleeding into...

Inside the invisible Government: War, Propaganda, Clinton & Trump

The American journalist, Edward Bernays, is often described as the man who invented modern propaganda. The nephew of Sigmund Freud, the pioneer of psycho-analysis, it was Bernays who coined the term "public relations" as a euphemism for spin and its deceptions. In 1929, he persuaded feminists to promote cigarettes for women...

The Dreadful Chronology of Gaddafi’s Murder

Jean-Paul Pougala’s April 14, 2011 piece in Pambazuka News titled “The Lies Behind the West’s War on Libya” describes how Africa first developed its own transcontinental communications system by purchasing a telecommunications satellite on December 26, 2007: the African Development Bank ponied up $50 million toward the nearly $400...

Piped supplies of Russian gas to China start in 4yrs

The Power of Siberia gas pipeline, or the so-called eastern route, which is to deliver Russian natural gas to China, will become operational by 2020, according to China National Petroleum Corporation (CNPC) Vice President Xu Wenrong. "The Russia-China gas pipeline will be put in operation in 2019, in 2020 at...

Greece, Greek Cyprus, Israel look into East Med gas pipeline

Greece, Greek Cyprus and Israel said on Sept. 28 they would pursue ways of channeling east Mediterranean gas to Europe via a pipeline to Greece. With significant finds reported in the past decade, Israel and to a lesser extent Greek Cyprus are thought to be sitting on vast quantities of...

Israel to supply gas to Jordan in $10 billion deal

The Leviathan reservoir developers aim to complete construction and development of the field, and begin delivering gas to Jordan, in as little as three years, the Noble Energy statement said. Israel will be supplying critical quantities of natural gas to Jordan upon the development of the Leviathan reservoir as a...

It’s Not Just the Oil. The Middle East War and the Conquest of Natural...

Are the Wars in the Middle East and North Africa Really About Oil? The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority before 9/11. The...

Washington Tries to Break BRICS – Rape of Brazil Begins

Washington's regime change machinery has for the time being succeeded in removing an important link in the alliance of large emerging nations by railroading through a Senate impeachment of the duly elected President, Dilma Rousseff. On August 31 her Vice President Michel Temer was sworn in as President. In...

Russia Trumps USA Energy War in Mideast

In a fundamental sense the entirety of the five-year-long war over Syria, as well as the entire Arab Spring from Libya to Egypt to Iraq has been about control of hydrocarbon resources—oil and natural gas– and of potential hydrocarbon pipelines to the promising markets of the European Union. Dick...

Assad’s Death Warrant

Secret cables and reports by the U.S., Saudi and Israeli intelligence agencies indicate that the moment Assad rejected the Qatari pipeline, military and intelligence planners quickly arrived at the consensus that fomenting a Sunni uprising in Syria to overthrow the uncooperative Bashar Assad was a feasible path to achieving...

Eastern Libyan commander’s forces seize key oil ports

Forces loyal to east Libyan commander Khalifa Haftar on Sunday seized at least two key oil ports from a rival force loyal to the U.N.-backed government, risking a new conflict over the OPEC nation's resources. Ahmed al-Mismari, a spokesman for Haftar's self-styled Libyan National Army (LNA), said its fighters had...

Will Russia and Turkey Change the Energy Map of Europe?

The meeting between Russian President Vladimir Putin and Turkish President Recep Tayyip Erdoğan during the G20 Summit in Hangzhou has given fresh impetus to bilateral relations and joint projects. This primarily relates to the construction of the Turkish Stream pipeline, which may become one of the key elements of...

EIA Says Crude Oil Stockpiles Fell by a Near Record 14.5 Million Barrels

The Energy Information Administration (EIA) released its weekly inventory figures today, showing a much larger than expected draw in inventories. US crude oil stockpiles fell a whopping 14.5 million barrels during the week ending September 2. This was the second largest drop on record; the largest was in January...

New Expectations for Turkish Stream and More

Plans to build the Turkish Stream gas pipeline have reappeared on the political agenda of Moscow and Ankara. After the July 26-27 talks between Russian Deputy Prime Minister Arkady Dvorkovich and his Turkish counterpart, Mehmet Şimşek, both parties confirmed their willingness to resume a dialog on issues of mutual...

Turkey, Russia Discuss Turkish Stream

Turkey's energy minister Berat Albayrak met the CEO of Gazprom Alexei Miller in Istanbul for talks September 1, to discuss Turkish Stream pipeline and the status of arbitration filed by state gas importer Botas, according to NTV television report. "We will take positive steps in the area of energy in...

Iran’s central bank won’t bite off more than it can chew

TEHRAN, Iran — Most economists and monetary policymakers in Iran have been supportive of getting rid of the country’s dual foreign exchange rate system by as soon as March 20, 2017, when the current Iranian fiscal year comes to an end. However, there appears to be a gulf between...

How Ankara, Washington plan to achieve regional energy security

When US Vice President Joe Biden recently met with Turkish Prime Minister Binali Yildirim in Ankara, Turkey’s recent attempted coup, Fethullah Gulen and Syria were the main items discussed. However, in a press conference following the meeting with the prime minister, Biden highlighted two other points: The United States...

Hillary Clinton Picks TPP and Fracking Advocate To Set Up Her White House

Two big issues dogged Hillary Clinton during the Democratic primary: the Trans-Pacific Partnership trade agreement (TPP) and fracking. She had a long history of supporting both. Under fire from Bernie Sanders, she came out against the TPP and took a more critical position on fracking. But critics wondered if this was...

NYT Reveals Think Tank It’s Cited for Years to Be Corrupt Arms Booster

A recent New York Times article (8/7/16) detailed, in often scathing terms, what many media critics already knew: that think tanks are frequently not objective, neutral arbiters of information, but corporate- and government-funded agenda-promoters with an academic veneer to give the appearance of impartiality. One of the two think tanks...

Poland Takes Aim at Putin’s Pipe Dreams

Warsaw may have finally thrown a wrench into the Nord Stream 2 pipeline, Moscow's controversial plan to double down on its dominance of Europe’s energy supplies. This summer hasn’t seen a lot of setbacks for Russia, not even for its Olympic hopefuls. Crimea has been annexed and fully absorbed, with...

Turkish Stream talks strengthen Russia’s positions in gas dialog with Europe

The statements by Moscow and Ankara on the possible restart of the Turkish Stream project have worried officials in the EU. The resumption of Russia-Turkey talks on building the Turkish Stream gas pipeline strengthens Moscow’s positions at negotiations with EU countries, including on Nord Stream-2, although the project of delivering...

US energy envoy: North Stream 2 could resurrect cold war divisions

The controversial North Stream 2 gas pipeline project has the potential to resurrect cold war divisions in Europe, US Energy Envoy Amos Hochstein said, before calling for greater competition with Russia’s Gazprom through increased LNG imports. Amos Hochstein is US Special Envoy for International Energy Affairs. He spoke to EurActiv...

Saudi Arabia Oil Demand Growth at 6-Year Low on Slowdown

Oil consumption in Saudi Arabia, the world’s biggest crude exporter, is expanding at the slowest pace in at least six years as low energy prices hurt economic growth. The kingdom’s demand for oil increased by an average of 24,000 barrels a day in the first five months of 2016, the...

Oil Giants Find There’s Nowhere to Hide From Doomsday Market

Exxon Mobil Corp. and Royal Dutch Shell Plc last week reported their lowest quarterly profits since 1999 and 2005, respectively. Chevron Corp.’s third straight loss marked the longest slump in 27 years, and BP Plc lodged its lowest refining margins in six years. Welcome to year two of a supply...

Libya’s bungled oil deal

Libya's current dysfunction is more Orwellian than most realize. The so-called unity government, aka the Government of National Accord (GNA), is not actually a union of the country’s main militias. Nor does it geographically represent the country by combining power centers. It draws almost exclusively on Misratan and Tripolitanian...

Oil Majors Hit Hard As Refining Boom Comes To An End

British Petroleum, the first oil major to announce results on Tuesday, has reported the lowest refining margins for the April to June period in the past six years. The global refining marker margin, which stood at $13.80 a barrel in the second quarter of this year, has dropped down...

Turkey ready to resume pipeline project with Russia

MOSCOW (AP) — Turkey's economy minister says the country is ready to resume work on building a gas pipeline from Russia, a project that was suspended amid tensions between the two countries. The project, called Turkish Stream, would bring gas from Russia to Turkey, from where it could be distributed...

Putin, Erdogan Mend Ties as Post-Coup Turkey Turns to Russia

Turkey and Russia will seek to speed up the repair of frayed relations when Recep Tayyip Erdogan meets Vladimir Putin for talks in St. Petersburg next month in the wake of the failed military coup against the Turkish president. Russia “isn’t just our close and friendly neighbor, but also a...

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