Congress to Approve Keystone Pipeline Provision in Budget Deal

A Senate source tells THE WEEKLY STANDARD that congressional leaders have worked out a two-month budget deal that includes a fully-funded extension of the payroll tax cut. The deal will also require the Obama administration to decide within 60 days on whether or not it will approve construction of the Keystone oil pipeline. President Obama […]

Exxon Mobil spent $3.2M on 3Q lobbying

xxon Mobil Corp. spent $3.21 million in the third quarter to lobby the federal government on offshore oil drilling and other issues, according to a disclosure report. That’s down from the $4.12 million that the world’s largest publicly traded oil and company spent in the year-ago period, and less than the $3.81 million it spent […]

South Sudan: Will Oil Lead It Out Of Poverty?

South Sudan, the world’s newest nation, is still trying to find its feet, and private companies, international aid experts and diplomats have gathered in Washington this week to see if they can help. The 5-month-old country is one of the most underdeveloped places in the world, and it still has many lingering disputes with its […]

Iran to Close Strait of Hormuz in War Game Exercise

A member of the Iranian parliament’s National Security Committee said on Monday that the military was set to practice its ability to close the Gulf to shipping at the narrow Strait of Hormuz, the most important oil transit channel in the world, but there was no official confirmation. The legislator, Parviz Sarvari, told the student […]

S. Sudan exploring new oil pipeline routes in East Africa

South Sudan on Sunday said it is exploring new alternative routes for oil export in East Africa due to the difficulties in continuing to use the port in neighbouring Sudan. “We are still open to negotiating with Sudan but we are also exploring ways to construct a new pipeline to one of the East Africa […]

Protests Swell Across Russia

Tens of thousands took to the streets in cities across Russia on Saturday to protest alleged vote-rigging in what observers said were the largest antigovernment demonstrations in at least a decade. The huge display of popular anger raised the pressure on the Kremlin, which has so far dismissed the postelection discontent as instigated by the […]

Saudi Warning Could Escalate Nuclear Arms Race

The world’s nuclear powers – both declared and undeclared – have come primarily from Asia: China, India, Pakistan and possibly North Korea. The Middle East was dominated by a single nuclear power – Israel, which has refused to publicly declare its status. But that domination has been threatened by Iran, which the Western powers say […]

A bleak look at America’s future

Is American power in decline, relative to the rest of the world? That question is at the center of a provocative study by the U.S. intelligence community exploring what the world might look like in 2030. The answer, judging by comments from a panel convened to discuss the topic, is that America faces serious trouble: […]

Could War Flare Again Between Iraq and Kuwait?

According to Iraqi Council of Representatives Oil and Energy Committee member Furat al-Sharei, the 10 oil fields that spread across the Iraqi-Kuwaiti frontier are still waiting to have a line drawn through them to delineate the border, more than eight years after a coalition led by U.S. forces toppled the regime of Iraqi President Saddam […]

Sudan’s parliament authorizes confiscation of oil exports

The Sudanese national assembly on Thursday approved an amendment to article (5) of the law governing the oil transit fees which now authorizes the finance ministry to seize crude exports as a form of payment if necessary. The amended law appears directed at the landlocked South Sudan which is in disagreement with Sudan over the […]

How Saudi oil could start World War III

“I want to go to war with China,” said presidential hopeful Rick Santorum in a recent GOP debate, showing the cavernous lack of any good sense that has become his trademark. Nonetheless, Santorum was probably speaking for many Americans who fear that China may soon overtake the US as the world’s single great power. By […]

Debt Slavery – Why It Destroyed Rome, Why It Will Destroy Us Unless It’s Stopped

Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the multitude into their camp” and usher in democracy, within which an oligarchy emerges once again, followed by aristocracy, democracy, and […]

Has the War with Iran Already Begun?

The evidence of an extensive Western covert program against Tehran, and Iranian retaliation, is now too obvious to ignore Two incidents that occurred on Sunday—Iran’s claim of a shoot-down of a U.S. drone, and an explosion outside the British embassy in Bahrain—may have been unrelated. But they appear to add to growing evidence that an […]

Trump Explains How To “Take The Oil”

Donald J. Trump has shocked audiences for months – and gotten several standing ovations — with his assertion that we should just “take the oil” from Iraq to repay the U.S. for liberating the country from Saddam Hussein​. But how do you just “take it?” In his explosive new book, Time to Get Tough, Trump […]

Nigeria: The Senate and the oil industry magicians

THE Nigerian Senate chamber has a fiery red rug but a fiery red rug should have ideally adorned the chamber of the House of Representatives. That is because honourable members are fiery. But distinguished senators lately showed fangs like a dragon when they hosted a minister; and now it has become more difficult to differentiate […]

Syria given 24 hours to sign Arab League deal or face sanctions

Syria has been given a final deadline by the Arab League to accept international observers into the country or face sanctions. The Qatari prime minister, Sheikh Hamad bin Jassim al-Thani, said on Saturday that the league had given Bashar al-Assad’s regime 24 hours to sign its initiative. “If they want to come [and sign] tomorrow […]

Iran Military Shoots Down US Drone

Iran’s military said on Sunday it had shot down a U.S. reconnaissance drone aircraft in eastern Iran, a military source told state television. “Iran’s military has downed an intruding RQ-170 American drone in eastern Iran,” Iran’s Arabic-language Al Alam state television network quoted the unnamed source as saying. “The spy drone, which has been downed […]

Iran says oil would go over $250 if exports banned

Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy. “As soon as such an issue is raised seriously the oil price would soar to above $250 a barrel,” Foreign Ministry spokesman Ramin Mehmanparast said in a newspaper […]

Nuclear phase-out: Germany faces ‘Herculean’ task with move to renewables

This spring, as the German government was preparing its landmark decision to phase out nuclear power by 2022 and replace it with renewable energy, the head of the country’s second-largest utility gave a speech in which he noted he knew of no industrialised country that was “even rudimentarily able to rely on renewable energy”. Jürgen […]

EU Wimps Out on Oil Sanctions to Halt Iran’s Nuclear Drive

Who would have thought a week in which protesters rampaged through the U.K. Embassy in Tehran would end with Europe going soft on the Iranian regime? Yet that’s exactly what happened. At a meeting Dec. 1 in Brussels, European Union foreign ministers signed off on measures against some 180 individuals and companies in reaction to […]

South Sudan threatens to suspend oil production if north imposes charges unilaterally

The South Sudan government on Wednesday reacted negatively to reports that Sudan plans to take 23% of the new country’s oil exports, saying it will consider suspending oil production if north Sudan continues to impose high transportation and refinery costs. Sabir Mohamed Hassan, Sudan’s co-chair of negotiations on economic issues, speaks at a news conference […]

Iran Oil Embargo Could Hurt Europe and Help China, Russia

On Thursday, Europe’s foreign ministers are planning to meet in Brussels, where they will discuss whether to implement an Iranian oil import embargo as a way to pressure Iran to halt its nuclear program. France, in particular, has been advocating such a measure after an international report earlier this month revealed that Iran is moving […]

China Will Not Hesitate To Protect Iran Even With A Third World War

Fast forward to 2:08: “It is puzzling to some that Major General Zhang Zhaozhong, a professor from the Chinese National Defense University, said China will not hesitate to protect Iran even with a third World War… Professor Xia Ming: “Zhang Zhaozhong said that not hesitating to fight a third world war would be entirely for […]

Israel Preparing Iran Attack?

Aaron Kleinreports today multiple eyewitness accounts of the Israeli military moving large missiles into position outside of Jerusalem and in the West Bank. According to Klein, the missile descriptions are consistent with the Jewish state’s mid-to-long range Jericho ballistic missiles and their movement would be considered unusual. The movement was confirmed by a member of […]

Egypt Halts Gas Flow to Israel, Jordan After Pipeline Blast

Natural-gas flows from Egypt to Israel halted after an explosion on the Sinai pipeline network that delivers the fuel, Egyptian and Israeli officials said. Exports to Jordan and some domestic supplies were also suspended because of the blast, Egypt’s Oil Ministry said today in an e-mailed statement. “An alleged terror attack” at about 1 a.m. […]

Is Oil Fueling the Rise in Political Partisanship?

In 2009 I published a chart in an article at Oil-Price.net that showed volatility in the price of oil had risen and fallen in a series of seven spikes during the prior decade. The turbulent year of 2008, when oil jumped to over $140 a barrel, was part of this series. But what was unexpected […]

The War on Terrorism or a Global Crusade against Islam

When people and nations live in darkness, they lose sense of direction. In an information age, knowledge–driven global culture of reason, ignorance is no longer a requisite to learn from the living history. The previous Empires knew their geography and limits, but the newly articulated American Empire in its infancy, is challenging the limits of […]

The birth of ethical oil

In the days after the U.S. government made it clear expansion plans for the Keystone XL pipeline were on hold until at least 2013, energy experts, industry insiders, politicians and others wondered aloud where Canada’s international oilsands message had gone wrong. Prime Minister Stephen Harper, just weeks before a decision was delayed to better study […]

Pakistan defies US over Iran gas pipeline deal

The timing of this economic confrontation could very well be the raison d’être for today’s reports of a US-NATO attack on Pakistani border troops, as natural gas has emerged as one of the most significant pieces on the geopolitical chessboard in the 21st century- one which allows suppliers to dictate region policy and balance of power. Pakistan […]

Pakistan blocks NATO supply route after deadly raid

Pakistan accused NATO on Saturday of killing 26 soldiers in a lethal air strike, protesting in the strongest terms to the US and sealing its border to NATO supplies bound for Afghanistan. It was the deadliest NATO strike reported by Pakistan during the 10-year war in Afghanistan and looked set to inflame already extremely difficult […]

« 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