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Dallas Fed Unplugs Oil Bulls, Warns of Liquidity Crunch, Contagion
Dallas Fed Unplugs Oil Bulls, Warns of Liquidity Crunch, Contagion “Negative ripple effects” The rally in crude oil has been red hot. In the three weeks since February 11, WTI shot up a short-crushing 34% to $34.69 a barrel at the moment. Now the talk in the oil patch is at what price these desperate […]
Exclusive: Newly Released Inspection Reports on Keystone XL’s Southern Route Fuel Doubt Over ‘Safest Pipeline Ever Built’ Claims
Exclusive: Newly Released Inspection Reports on Keystone XL’s Southern Route Fuel Doubt Over ‘Safest Pipeline Ever Built’ Claims TransCanada’s claim that the southern route of the Keystone XL Pipeline is the safest pipeline ever built in the in the United States is challenged by the release of new documentation confirming multiple code violations. Daily inspection reports on the construction […]
A Secret About Oil You Won’t Find Anywhere Else
A Secret About Oil You Won’t Find Anywhere Else This is going to be a far larger problem than Wall Street realizes. In early 1983 – the first week of February, to be precise – the inventory of crude oil in the U.S. reached an all-time economic high. I say “economic high” because nominal supply […]
Middle Eastern Wars Have ALWAYS Been About Oil
Middle Eastern Wars Have ALWAYS Been About Oil Robert Kennedy Jr. notes: For Americans to really understand what’s going on, it’s important to review some details about this sordid but little-remembered history. During the 1950s, President Eisenhower and the Dulles brothers — CIA Director Allen Dulles and Secretary of State John Foster Dulles — rebuffed Soviet […]
U.S. Unable To Halt ISIS March Towards Libyan Oil
U.S. Unable To Halt ISIS March Towards Libyan Oil The Islamic State (ISIS) is taking on recruits faster than anyone can keep up with, and it’s heading towards Libya’s oil crescent, eyeing billions of barrels that a country at war with itself cannot protect—even with U.S. air strikes. In mid-December, the United Nations brokered a […]
Alternative fuels to replace transportation oil. U.S. House hearing 2012
Alternative fuels to replace transportation oil. U.S. House hearing 2012 House 112–159. July 10, 2012. The American energy initiative part 23: A focus on Alternative Fuels and vehicles. House of Representatives. [ Excerpts from this 210 page transcript follow ] MIKE BREEN, Vice President of the Truman National Security Project. I am also proud to be one […]
Foiled by Oil
Foiled by Oil “Pemex revenues are down 70% in the past 18 months. That is what Peak Oil looks like.” “Oil in the ground is wealth only on paper – you may own that oil, but it earns you nothing until you recover and sell it. Yet paper wealth is still wealth. It goes on […]
First Iran, Now Iraq Refuses To Commit To Oil Production Freeze
First Iran, Now Iraq Refuses To Commit To Oil Production Freeze For all the euphoria about the proposed OPEC oil production freeze deal, the reality is that nothing has been actually decided. As readers will recall, the only “decisions” agreed to between the Saudi and Russian oil ministers were to cap production at already record […]
UAE Offers India Free Oil To Ease Storage Woes
UAE Offers India Free Oil To Ease Storage Woes In an oil sector first, the oil-rich United Arab Emirates (UAE) has offered free oil to India in return for a storage deal at India’s planned underground facility as the supply glut worsens and some analysts predict that ‘’peak storage” could sending prices crashing further. The […]
A Market Collapse Is On The Horizon
A Market Collapse Is On The Horizon What is ahead for 2016? Most people don’t realize how tightly the following are linked: 1. Growth in debt 2. Growth in the economy 3. Growth in cheap-to-extract energy supplies 4. Inflation in the cost of producing commodities 5. Growth in asset prices, such as the price of […]
GAO asks Congress to prepare for Peak Oil
GAO asks Congress to prepare for Peak Oil [The Department of Energy (DOE) asked Robert Hirsch to come up with a peak oil risk management and mitigation plan which was published in 2005. Nothing happened, so in 2007 the Government Accountability Office asked Congress to prepare for Peak oil because of the many risks that could suddenly […]
Saudi war for Yemen oil pipeline is empowering al-Qaeda, IS
Saudi war for Yemen oil pipeline is empowering al-Qaeda, IS Secret cable and Dutch government official confirm that Saudi Arabia’s war on Yemen is partly motivated by an ambitious US-backed pipeline fantasy Nearly 3,000 civilians have been slaughtered and a million displaced in Saudi Arabia’s noble aerial bombardment of Yemen, which is backed by the […]
Nationwide Resistance To Crude Oil ‘Bomb Trains’ Gaining Momentum
Nationwide Resistance To Crude Oil ‘Bomb Trains’ Gaining Momentum The speed and scale with which the oil and rail industries created the North American oil-by-rail infrastructure was impressive. And amazingly under the radar for the most part — until the trains started derailing and blowing up — leading to articles with titles like “The Invisible Bomb Trains.” […]
OPEC Will Not Blink First
OPEC Will Not Blink First An OPEC production cut is unlikely until U.S. production declines by about another million barrels per day (mmbpd). OPEC won’t cut because it would accomplish nothing beyond a short-term increase in price. Carefully placed comments by OPEC and Russian oil ministers about the possibility of production cuts achieve almost the […]
