Crimea may yield trillions in oil riches for Russia and Putin

When Russia seized Crimea in March, it acquired not just the Crimean Peninsula but also a maritime claim more than three times its size with the rights to underwater resources potentially worth trillions of dollars. Russia portrayed the takeover as reclamation of its rightful territory, drawing no attention to the oil and gas rush that […]

Iran Threatens U.S. Navy with ‘Suicide Missions’

A top Iranian naval commander said that he is prepared to order suicide attacks, drone strikes, and missile technology to “destroy the U.S. Navy” in any upcoming confrontation, according to an interview printed in Iran’s state-run media. Iranian Naval Commander Rear Admiral Ali Fadavi, a member of Iran’s elite Islamic Revolutionary Guard Corps (IRGC), said […]

US needs oil wars to topple Middle East chessboard

By ramping the oil price up or bringing it down, it’s easy to plunge counties into deep recession or stimulate economic boom, a tactic used by the US to regain lost ground in the Middle East, geopolitical analyst William Engdahl told RT. RT: US oil production levels have been skyrocketing in recent years and the […]

86 Chinese Navy Vessels Now Present At Oil Rig Near Vietnam

With the additional deployment of a submarine and a missile ship, there are now 86 Chinese vessels accompanying the oil rig’s installation in Vietnam’s Exclusive Economic Zone (EEZ). Local news reports that 3 Chinese military ships are surrounding a Vietnamese marine police vessel this morning and water cannon use continues against Vietnamese ships. Weaddressed the […]

De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar

Is the petrodollar monopoly about to be shattered?  When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States. Image: U.S. Dollar (Wiki Commons). But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull […]

Rocky Road for Canadian Oil

With TransCanada’s Keystone XL pipeline snarled in a regulatory and legal struggle south of the border, Canadian oil companies are proposing many new and expanded pipelines that would connect the oil sands fields with new markets in China and across the world. The planned projects that would snake east and west as well as south, […]

Ukraine tells Russia not to use natural gas as a “weapon”

Ukrainian Prime Minister Arseny Yatseniuk urged Russia on Tuesday not to use natural gas as a “weapon” against his country, and accused Moscow of seizing tens of billions of dollars’ worth of its assets and energy resources in Crimea. Russian energy giant Gazprom earlier demanded a $1.66 billion (985 million pounds) pre-payment from Kiev for […]

Joe Biden’s Son Appointed to Board of Ukraine’s Largest Gas Producer

Hunter Biden, the son of Vice President Joe Biden, will lead the legal team of Burisma Holdings, the largest natural gas producer in Ukraine. According to The West Wire News, Burisma Holdings is a considerable player within the Ukrainian natural gas and oil industry. It holds licenses covering the Dnieper-Donets, Carpathian and Azov-Kuban basins and […]

Russia Holds “De-Dollarization Meeting”: China, Iran Willing To Drop USD From Bilateral Trade

That Russia has been pushing for trade arrangements that minimize the participation (and influence) of the US dollar ever since the onset of the Ukraine crisis (and before) is no secret: this has been covered extensively on these pages before (see Gazprom Prepares “Symbolic” Bond Issue In Chinese Yuan; Petrodollar Alert: Putin Prepares To Announce […]

Chevron Sees ‘Tremendous Opportunity’ In Mexico Oil Reforms

Mexico’s energy reform provides a range of attractive investment possibilities for international oil companies in Latin America’s second-biggest economy, a senior Chevron Corp executive said on Monday. “There’s tremendous opportunity here,” Ali Moshiri, Chevron’s Houston-based head of exploration and production for Latin America and Africa, said at an event in Mexico City. The constitutional energy […]

G7 Energy Ministers talk Grand ‘Energy Initiative for Energy Security’

Last Tuesday, G7 energy ministers wrapped up a special meeting in Rome discussing how Europe, which relies on Russia for about one third of its natural gas supplies, could replace Russian natural gas. DW (Deutsche Welle) reports that the meeting of ministers from the US, UK, Germany, Canada, Italy, France, and Japan is “part of […]

Solidarity Means Attack!

This week: 1. Worldwide May Day actions 2. Jeremy Hammond‘s May Day message 3. Against Me! Baby I’m and Anarchist Medley 4. ABC’s of prisoner support -> Anarchist Black Cross Federation -> EcoPrisoners -> Anarchist Prisoners Download HD (550mb) • Download SD (101mb) • Download OGG (58mb) • Download MP3 (14mb) • Torrent • Vimeo […]

US energy giants use crude oil loophole to post record petroleum exports

Even as big U.S. oil companies call for an end to a 1970s-era law banning exports of crude, they are exploiting a loophole that last year enabled them to export record amounts of gasoline and other petroleum products. The loophole allows oil companies to export products that they refine from crude oil, though not the […]

Gazprom gas deal with China nearly ready

Russian Deputy Energy Minister Anatoly Yanovsky said on Monday a long-awaited deal for natural gas producer Gazprom (GAZP.MM) to supply China with gas was close to completion. “We hope that the negotiations will be completed as scheduled,” Yanovsky told reporters, a little more than a week before President Vladimir Putin visits China. “The contract is, […]

What the frack!

In his new book Groundswell: The Case for Fracking, Sun News Network’s Ezra Levant explores the promise of natural gas that fracking has made possible and the controversy that is preventing the exploitation of this resource around the world and here in Canada. In this excerpt, Levant looks at the situation in New Brunswick where […]

Iran nuclear talks face a major hurdle

An article published on the website of the Los Angeles Times on Saturday says that a possible disagreement over the number of centrifuge machines that Iran would be allowed to keep operational under a final nuclear deal may prove a major obstacle in the process of talks between Tehran and the major powers aimed at […]

Foreign Peak Oil Theory Speech as a Strategy?

This worries me. Is talking about these issues a potential market tactic? There are global leaders that could seize the Peak Oil issue and use it simply to create some chaos and impart economic harm on the west. Those with oil reserves would be further motived as it could increase the price of oil as […]

Electric Grid Vulnerable to EMP

Experts on Capitol Hill Thursday warned that an electromagnetic pulse (EMP) attack aimed at the nation’s electrical grid could leave the majority of Americans dead. The hearing, “Electromagnetic Pulse (EMP): Threat to Critical Infrastructure,” before the House Homeland Security Committee’s Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies explored the effects an EMP would have. […]

The Secret Back Story to Russia and Ukraine that Americans Never Learned In School

Preface: We believe that Soviet communism was an abomination. Stalin was certainly a tyrant: he killed countless political enemies or threw them into insane asylums. We also have littler tolerance foruseful idiots who defend communism as a force for good. In short, we hate Soviet era communism. And Putin also runs Russia like it’s plaything, […]

End of oil boom threatens Norway’s welfare model

Norway’s energy boom is tailing off years ahead of expectations, exposing an economy unprepared for life after oil and threatening the long-term viability of the world’s most generous welfare model. High spending within the sector has pushed up wages and other costs to unsustainable levels, not just for the oil and gas industry but for […]

Vietnam and China ships ‘collide in South China Sea’

Vietnamese naval ships and Chinese vessels have collided in the South China Sea, Vietnamese officials say. The incident happened as the Vietnamese navy was trying to prevent the Chinese from setting up an oil rig in an area claimed by both nations. No shots were fired, reports say. But Vietnamese officials said that water cannons […]

Russia and the Ukraine – The Worrisome Connection to World Oil and Gas Problems

What is behind the Russia/Ukraine problem? It seems to me that what we are seeing is Russia’s attempt to fix a two-part problem: Some oil and gas exporters, including Russia, are not receiving enough oil and gas revenue to meet their needs. They are not able to collect enough taxes to provide the services they […]

On the Warpath towards WW III

Ever since the collapse of the Soviet Union in 1991, the generation that lived through the Cold War era generally assumed that the risk of a major nuclear war had all but disappeared. However, the current Ukrainian crisis has reminded us all that as long as there are still thousands of nuclear warheads in the […]

Mexico’s Oil Belongs to Its Citizens, Not the Global 1%

Oil in Mexico is much more than a symbol of national pride. For the past 75 years it has been an enormous source of income for developing Mexico’s infrastructure and improving social welfare. When, on this day in 1938, President Lázaro Cárdenas expropriated U.S.- and U.K.-owned oil companies, he allowed Mexico to achieve relative independence […]

US Senate Takes Up Energy Bill

The Senate began debate Tuesday on a bill that supporters of the Keystone XL oil pipeline want to use as a vehicle to authorize immediate construction of the proposed pipeline from Canada to the United States. The 79-20 vote to limit debate on an energy efficiency bill lost much of its significance as the two […]

Saudi Arabia Says Broke Up Al-Qaeda Cell Planning Strike

Saudi Arabia said its security forces arrested dozens of al-Qaeda-linked militants who were planning to carry out attacks on government and foreign targets in the country. More than 60 people, almost all Saudi nationals, were arrested, Major General Mansour Al Turki, a senior Interior Ministry official, told reporters in Riyadh yesterday. He said the group […]

Both sides bury dead as Ukraine slides towards war

Both sides have been burying their dead as Ukraine slides further towards war, with supporters of Russia and of a united Ukraine accusing each other of tearing the country apart. Tuesday was generally quieter than past days in most of eastern and southern Ukraine, but violence flared at dusk in the eastern port of Mariupol, […]

Energy Dollars Hard at Work on Capitol Hill

Is the alternative energy industry losing the influence-peddling war to fossil fuels? Perhaps you caught the editorial in Sunday’s New York Times taking “the Koch Brothers and their conservative allies” to task for “spending heavily to fight incentives for renewable energy.” The editorial noted that such efforts are being spearheaded by the American Legislative Exchange Council […]

Ukraine Unrest Escalates, Violence Spreads

UBS Wealth Management Regional CIO, Asia-Pacific Pu Yonghao discusses the latest violence in Ukraine, its impact on investors and Portugal’s exit from the EU bailout program with John Dawson, Andrew Davis, Mia Saini and Rishaad Salamat on Bloomberg Television’s “Asia Edge.”

Nuclear inspectors to visit Iranian sites

International nuclear inspectors will visit two sites in Iran in the coming days, the country’s official news agency reported Sunday, as an official said that would fulfill a series of demands made by the United Nations nuclear watchdog. The demands by the International Atomic Energy Agency, which Iran was required to meet by May 15, […]

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