Saudi Arabia Closes Embassy in Egypt

Saudi Arabia closed its embassy in Egypt’s capital and withdrew its ambassador amid protests by hundreds of Egyptians, sparking a diplomatic crisis just as Egypt’s economy is most in need of assistance from its wealthy neighbor. The Saudi Embassy in Cairo has been the sight of protests for nearly a week. A Saudi judge sentenced […]

Crucifying Oil Companies for Fun and Profit

Sen. James Inhofe found the tape first — video dynamite. In 2010, EPA official, Region VI Administrator Al Armendariz explained his philosophy the way he’d explained it to his enforcement team. Inhofe published it and talked it up on the Senate floor. On Thursday, this section of the video led Fox News Live. It was […]

US deploys fighter jets to base near Iran

The United States military has deployed several F-22 fighter jets to an allied base less than 200 miles (320 km) from Iran, Fox News reported Friday. According to the report, the US Air Force strongly denied ordering the deployment in a show of force against Iran, or that it is in some way related to […]

Big Oil Bought Politicians In Congress

Mobile Money Machines Congressional Democrats proposed a bill to strip away 1.8 billion dollars in subsidies for oil companies (currently making massive profits) that Republicans blocked. Cenk Uygur explains why.

Peak Oil Denial: The Liberal’s Dilemma (Pt 3)

Most of us like to believe that our opinions have been formed over time by careful, rational consideration of facts and ideas, and that the decisions based on those opinions, therefore, have the ring of soundness and intelligence. In reality, we often base our opinions on our beliefs, which can have an uneasy relationship with […]

In New U.S. “Bioeconomy”, Industry Trumps Environment

The White House on Thursday announced the formulation of the National Bioeconomy Blueprint, aimed at shoring up the U.S. commitment to bioscience-related research. But critics warn that the new programme focuses too much on economic concerns, placing too little emphasis on either social issues or on the environment itself. “We’re disappointed to see what finally […]

EPA Official: ‘Crucify’ Oil & Gas Companies

Are you familiar with a certain Environmental Protection Agency (EPA) official named Al Armendariz? Chances are you’ve never heard of him. We suspect most Americans haven’t. However, with the recent unearthing of the video below, that could change very soon. Thanks to a little digging by the staff of Sen. Jim Inhofe (R-OK), attention has been […]

Oil takeover has support in Argentina

With public opinion in Argentina firmly behind President Cristina Fernandez de Kirchner’s plan to nationalize the country’s largest oil company, Congress is expected this week to approve the takeover despite some analysts’ warnings that her policies are economically reckless. Two nationwide polls released over the weekend showed 74 percent and 62 percent, respectively, of those […]

Feds make 1st arrest in BP oil spill case

A BP engineer intentionally deleted more than 300 text messages that said the company’s efforts to control the Gulf of Mexico oil spill were failing, and that the amount of oil leaking was far more than what the company reported, the Justice Department said Tuesday. In the first criminal charges related to the deadly explosion […]

Israel’s Key Energy Provider, Egypt, Cuts Off All Natural Gas Supplies

Two months ago, we warned that while the world had decided to blissfully move on from last year’s topic #1, the MENA revolutions, and specifically the massive power vacuum left in their wake, things in the region were far from fixed. Quite the contrary, and as we added back then “it is very likely that […]

Obama oil margin plan could increase price swings

President Barack Obama’s bid to dampen the influence of oil speculators by having regulators set trading margins could backfire, potentially making prices even more volatile and leaving crude dominated only by those with the deepest pockets. Under Obama’s request to Congress, the Commodity Futures Trading Commission (CFTC) would determine how much speculators need to pay […]

A ban on oil speculation?

Joseph P. Kennedy II, former Congressional Representative from Massachusetts, and founder, chairman, and president of Citizens Energy Corporation, has a proposal to make energy affordable for all. All we have to do, Kennedy claims, is “bar pure oil speculators entirely from commodity exchanges in the United States.” Writing in the New York Times last week, […]

EPA Delays Hydraulic Fracturing Rule Until 2015

The U.S. Environmental Protection Agency (EPA) on Wednesday announced it would delay requiring the use of green completion technology for hydraulic fractured natural gas wells until 2015. “We are taking a deliberate step to allow the time needed for manufacturers to make and distribute the technology to allow all oil and gas companies to rise […]

Are oil subsidies worth the price?

Anyone who has been to Indonesia knows that petrol, particularly for motorbikes, is as much as necessity of daily life in Indonesia as nasi goreng (fried rice) and es teh (sweet iced jasmine tea). That is why it is such a big decision for the Indonesian government to set the stage for a rise in […]

Ahmadinejad speech sets edgy tone for nuclear meeting

Iran raised the stakes of an important meeting about its nuclear plans by insulting Arabs and picking a new fight over islands in the Strait of Hormuz. That’s right: the Strait of Hormuz, which Iranian President Mahmoud Ahmadinejad has threatened to close in retaliation for international resistance to his country’s nuclear program. Iran says its […]

Argentina seizes control of leading Energy company

Argentine President Cristina Fernandez unveiled plans on Monday to seize control of leading energy company YPF, drawing swift warnings from key trade partners and risking the country’s further economic isolation. YPF (YPFD.BA), controlled by Spain’s Repsol (REP.MC), has been under intense pressure from Fernandez’s center-left government to boost production, and its share price has plunged […]

A World Without the United States – Who Would Fill the Void?

Imagine a world with no United States. No cheeseburgers. No ice-cream sundaes. No McDonald’s. No Ferris wheels. No iPhones or iPads. No Hollywood, pop music, or blue jeans. These small contributions are nothing compared to the influence the nation has had on a global scale. “For almost three centuries, the world has been undergirded by […]

Obama launches attack on oil speculators

President Barack Obama called Tuesday for greater federal oversight of oil markets, his latest effort to head off market manipulation as gas prices stay high ahead of the peak summer months. “We can’t afford a situation where some speculators can reap millions while millions of American families get the short end of the stick. That’s […]

Israeli TV report shows air force gearing up for Iran attack, says moment of truth is near

‘IAF expects losses, and knows it can’t destroy entire Iranian program’ A major Israel TV station on Sunday night broadcast a detailed report on how Israel will go about attacking Iran’s nuclear facilities in the event that diplomacy and sanctions fail and Israel decides to carry out a military strike. The report, screened on the […]

Executive Order: Federal Government To Take Control of Domestic Natural Gas Production; EPA Set To Move Within One Week

While Americans focused their attention on the Colombian controversy involving U.S. Secret Service agents, prostitutes and excessive drinking, President Obama quietly signed his latest Presidential Executive Order. The Supporting Safe and Responsible Development of Unconventional Domestic Natural Gas Resources Executive Order seeks to create what amounts to a Presidential super committee that will oversee the regulation and […]

Pakistan And India To Go To War Over Water

A peaceful and stable Pakistan is integral to western efforts to pacify Afghanistan, but Islamabad’s obsessions with its giant eastern neighbor may render such issues moot. Since partition in 1947, Pakistan and India have fought four armed conflicts, in 1947, 1965, 1971 (which led to the establishment of Bangladesh, formerly East Pakistan) and the 1999 […]

Valero Oil Memo to employees

The Valero Oil Company memo was sent in January in response to President Obama’s denial of the Keystone Pipeline permit. The copy of the memo was introduced by the note which precedes it.   For those of you unfamiliar with Valero, it is an independent oil company based in San Antonio , TX . It […]

Peak Oil Denial: The Liberal’s Dilemma

Reality has a well-known liberal bias – Stephen Colbert [NOTE: This is the first in a subset of my ongoing series entitled Looking Left and Right (which began here; see Category sidebar for all links). This is about Peak Oil, but addresses the considerations and potential solutions from a different perspective than purely fact-based and/or […]

China Seen Bolstering Oil Reserves

China’s crude-oil imports jumped to near-record levels in March, bolstering the belief among some energy analysts that the country is again hoarding oil for its strategic reserves. If the predictions prove accurate, China’s growing thirst for oil could underpin already-high crude prices and push the country’s oil imports above market expectations. On Tuesday, China said […]

Saudi activists fight through their fear

Mohammad Fahad Al-Qahtani is a busy man with a dangerous passion. A human rights activist and relentless writer of letters and legal briefs, he challenges a kingdom that demands unquestioned authority. He slips videos onto the Internet and fires off missives to King Abdullah, calling for the freeing of political prisoners and the arrest of […]

Smart Russia protects its oil resources

When the transformation of the Soviet Union began in the late ’80s and early ’90s, the Russian oil industry in terms of production was at its peak. However, the collapse of the Soviet Union and the chaos that followed later impacted the industry hard. According to Daniel Yergin in his new book The Quest, the […]

US-Israel War on Iran: The Myth of Limited Warfare

Washington and Tel Aviv claim and appear to believe that their planned assault on Iran will be a “limited war”, targeting limited objectives and lasting a few days or weeks – with no serious consequences. Introduction: The mounting threat of a US-Israeli military attack against Iran is based on several factors including: (1) the recent military […]

Chris Martenson Interviews Khosla Ventures: The US Is Massively Underfunding The Innovations Critical To Its Energy Future

Khosla Ventures: The US is Massively Underfunding the Innovations Critical to Its Energy Future “The age of cheap oil is over,” agrees Andrew Chung, partner at Khosla Ventures, arguably the most knowledgeable venture capital firm spearheading next-generation energy projects. While perhaps more optimistic than Chris on the odds that the world can transition off fossil […]

Jack Gerard, the force majeure behind Big Oil

Ask oil lobbyists, oil executives, and former employees and board members of the American Petroleum Institute how they describe API President Jack N. Gerard, and one thing they don’t say is soft. One calls him a “hard-nosed guy.” Another says he is “a political animal” who “loves a fight.” Yet another dubs him “Voldemort.” And […]

Big Inch Pipeline and the Blob

Since large oil pipelines are so newsy these days with the uneven regulatory progress of TransCanada’s proposed Keystone XL pipeline to bring Canadian crude to the US, it’s worth noting that this month marks a quiet anniversary of sorts–the 70th–for a pipeline with a very different history–one approved in a relative jiffy at a time of critical oil demand. Until World […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy