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Big Oil in Retreat
Big Oil in Retreat On July 14, 2011, at TomDispatch, Bill McKibben wrote that he and a few other “veteran environmentalists” had issued a call for activists to descend on the White House and “risk arrest to demand something simple and concrete from President Obama: that he refuse to grant a license for Keystone XL, a new pipeline […]
Oil storage tanks filled to levels not seen in 80 years
Oil storage tanks filled to levels not seen in 80 years U.S. oil inventories at levels not seen in at least 80 years North American oil prices could take a hit this fall as there are renewed concerns about a lack of storage capacity. A recent report by the U.S. Energy Information Agency suggests crude […]
Europe oil consumption peaked 2005
Europe oil consumption peaked 2005 This is the 3rd article using data from the BP Statistical Review published in June 2015 Fig 1: Western Europe oil consumption, oil prices in $2014 Total oil consumption peaked 3 times at around 14 mb/d: (1) In 1973, the 1st oil crisis which was triggered by the Yom Kippur war. […]
TransCanada quietly plots response as Keystone XL rejection seems imminent
TransCanada quietly plots response as Keystone XL rejection seems imminent Alberta company consulting lawyers on possibly suing U.S. under NAFTA A source involved in Keystone XL said the main suspense now is how Obama will make his big announcement about the pipeline: quietly, in a mid-summer Friday afternoon statement, or boldly from a platform like […]
Pentagon prepares for century of climate emergencies and oil wars
Pentagon prepares for century of climate emergencies and oil wars US Army is preparing for a new era of war for oil. While energy has always played a role in military conflicts, US military experts believe the geopolitics of energy, land and water is increasingly central to who rules, or ruins, the world. Two research […]
Global Oil Supply More Fragile Than You Think
Global Oil Supply More Fragile Than You Think Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the collapse of prices in July – owing […]
Cash-Strapped Saudi Arabia Hopes To Continue War Against Shale With Fed’s Blessing
Cash-Strapped Saudi Arabia Hopes To Continue War Against Shale With Fed’s Blessing Two weeks ago, Morgan Stanley made a decisively bearish call on oil, noting that if the forward curve was any indication, the recovery in prices will be “far worse than 1986” meaning “there would be little in analysable history that could be a […]
Reshuffling Eurasia’s Energy Deck — Iran, China and Pipelineistan
Reshuffling Eurasia’s Energy Deck — Iran, China and Pipelineistan Pipelineistan – the prime Eurasian energy chessboard — never sleeps. Recently, it’s Russia that has scored big on all fronts; two monster gas deals sealed with China last year; the launch of Turk Stream replacing South Stream; and the doubling of Nord Stream to Germany. Now, with […]
Crashing: Apple, Twitter, Oil, Commodities, Greek Stocks, Chinese Stocks
Crashing: Apple, Twitter, Oil, Commodities, Greek Stocks, Chinese Stocks The month of August sure has started off with a bang. Tech stocks are crashing, oil is crashing, industrial commodities are crashing, Greek stocks crashed the moment that the Greek stock market reopened for trading, and Chinese stocks continue to crash. At this point we have […]
Oil Re-Bloodies the “Smart Money”
Oil Re-Bloodies the “Smart Money” The “liquidity death spiral.” Oil plunged again on Monday, with West Texas Intermediate down over 4%. At $45.17 a barrel, it’s just a hair away from this year’s oil-bust low. During 8 weeks in a row of relentless declines, WTI had plunged 26%. July’s 21% drop was the largest monthly decline since […]
Britain’s secret ties to governments, firms behind ISIS oil sales
Britain’s secret ties to governments, firms behind ISIS oil sales In the scramble to access Kurdistan’s oil and gas wealth, the US and UK are turning a blind eye to complicity in ‘Islamic State’ oil smuggling Key allies in the US and UK led war on Islamic State (ISIS) are covertly financing the terrorist movement […]
11 Red Flag Events That Just Happened As We Enter The Pivotal Month Of August 2015
11 Red Flag Events That Just Happened As We Enter The Pivotal Month Of August 2015 Are you ready for what is coming in August? All over America, economic, political and social tensions are building, and the next 30 days could turn out to be pivotal. In July, we saw things start to turn. As […]
The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers
The Layoffs Return: Energy Giants Chevron, Saipem To Fire Over 10,000 Workers In the beginning of 2015 the biggest threat to the economy as a result of the collapse in oil prices, both in the US and worldwide, was the surge in layoffs among highly-paid energy sector job. This was confirmed in April when we showed the […]
