Oil

New US Oil Empire Built On Sand: Implications For The Economy & Foreign Policy

October 1, 2019 F. William Engdahl, Journal-neo.org Educate! Foreign Policy, Inter-Imperialist Rivalry, Oil

The idea of extracting oil or natural gas embedded in shale rocks has been known for years. However shale oil, or tight oil as it is known, first became economical with introduction of new horizontal drilling techniques combined with oil prices of $100 a barrel or more. This was about two decades ago. In hydraulic fracturing or fracking, oil embedded in shale rock thousands of feet down is injected with a high pressure mix of water, lots of it, mixed with chemicals and sand. The de facto sand blasting creates fissures where oil can flow into the oil pipeline.

Texas Charges Oil Port Protesters Under New Fossil Fuel Protection Law

September 18, 2019 BY Nicholas Kusnertz, Insideclimatenews.org Resist! Fossil Fuels, Oil, Protests, Reform, Repression, Texas

A group of activists who shut down one of the nation's largest oil ports by hanging off a bridge over the Houston Ship Channel have been charged under a new Texas law that imposes harsh penalties for disrupting the operations of fossil fuel infrastructure. The charges could present the first test for a wave of similar state laws that have been enacted around the country over the past three years in response to high-profile protests against pipelines and other energy projects.

How Big Oil Blocked The Nation’s Greenest Governor On Climate Change

September 12, 2019 Marianne Lavelle, Insideclimatenews.org Educate! BP, Climate Change, Oil

It was Valentine's Day 2018, and Washington Gov. Jay Inslee was about to be jilted. Few outside Inslee's circle of advisers knew that one of the nation's most ardent advocates of climate action had been working for weeks to forge an alliance with one of the state's leading greenhouse gas polluters—the oil giant BP. Now, on the day before a key hearing for Inslee's proposal to enact the nation's first carbon tax, the kind of comprehensive climate plan he had been talking about since taking office, BP was evasive.

The Citgo Conspiracy: Opposition Figures Accuse Guaidó Officials Of ‘Scam’ To Liquidate Venezuela’s Most Prized International Asset

September 6, 2019 Anya Parampil, Thegrayzone.com Educate! Inter-Imperialist Rivalry, Latin America, Oil, Regime Change, Venezuela

On August 13, Juan Guaidó, the president of Venezuela’s legally defunct National Assembly, held a press conference in the streets of Caracas to discuss his nominee for the post of Citgo Petroleum Corporation’s CEO. “We have interviewed Carlos Jorda,” Guaidó announced in a carefully rehearsed intonation, explaining that the candidate to oversee the former Venezuela state-owned oil company would be tasked with “supporting and helping Citgo [safeguard its] assets.”

U.S. Seen As Climate Risk With Two-Thirds Of New Oil And Gas

August 24, 2019 Alex Nussbaum, Bloomberg.com Educate! Climate Change, Oil, United States

The U.S. will account for for almost two-thirds of the world’s new oil and natural gas output in the decade ahead, making it a critical obstacle to stopping climate pollution, a London-based advocacy group says. Propelled by the shale boom, the U.S. will pump out the equivalent of 88.9 billion barrels of oil from new fields in the 2020s, Global Witness, an environmental and human rights group, said in a report Tuesday that cites data from industry consultant Rystad Energy.

The US Is Set To Drown The World In Oil

August 22, 2019 Staff, Globalwitness.org Educate! Oil, US Imperialism

Earlier this year, we crunched the numbers from the latest climate science and industry forecasts and found that we can’t afford to drill up any oil and gas from new fields anywhere in the world if we’re to avoid the worst impacts of climate change. In our analysis, we assumed that existing oil and gas fields are going to keep on pumping for as long as they can. That means that the decisions about new projects will shape the future for the oil and gas industry and our climate.

World Watching The Fate Of Iranian Tanker

August 21, 2019 By Vijay Prashad, Asiatimes.com Educate! Iran, Oil, Sanctions, US Imperialism

At 11:30pm on Sunday, August 18, the Iranian tanker Adrian Darya-1 left the shores of Gibraltar at the mouth of the Mediterranean Sea. This ship had been detained about six weeks previous by British Royal Marines and Gibraltar officials. The British claimed that the ship, then named Grace 1, was taking its cargo of 2.1 million barrels of oil to Syria. There are European Union sanctions against trade with the Syrian government. It is based on these sanctions that the British seized the Iranian vessel.

Long Range Attack On Saudi Oil Field Ends War On Yemen

August 19, 2019 Staff, Moonofalabama.org Resist! Middle East, Oil, Saudi Arabia, Wars and Militarism, Yemen

Today Saudi Arabia finally lost the war on Yemen. It has no defenses against new weapons the Houthis in Yemen acquired. These weapons threaten the Saudis economic lifelines. This today was the decisive attack: Drones launched by Yemen’s Houthi rebels attacked a massive oil and gas field deep inside Saudi Arabia’s sprawling desert on Saturday, causing what the kingdom described as a “limited fire” in the second such recent attack on its crucial energy industry. The Saudi acknowledgement of the attack came hours after Yahia Sarie, a military spokesman for the Houthis, issued a video statement claiming the rebels launched 10 bomb-laden drones targeting the field in their “biggest-ever” operation. He threatened more attacks would be coming.

China Ignores New US Sanctions And Increases Support For Venezuelan Oil

August 15, 2019 Paul Dobson, Venezuelanalysis. Educate! China, Oil, Sanctions, Venezuela

Mérida – The Venezuelan government has announced the expansion of Chinese investment in the country’s oil industry, with the aim of increasing production by 120,000 barrels per day. The investment, which authorities say is worth US $3 billion, financed the construction of a new oil blending plant inaugurated last Thursday as the first part of the two-stage plan. The “Jose” plant, which is located in Barcelona, Anzoátegui State, is to be run by the Sinovensa joint venture, which is 49 percent owned by China’s National Petroleum Corporation (CNPC) and 51 percent by Venezuela’s PDVSA state-run oil company. The facility will blend extra-heavy grades from Venezuela’s Orinoco Oil Belt into the exportable Merey crude, which is popular in Asian markets. Sinovensa currently produces 110,000 barrels per day (bpd), a figure which officials claim will increase to 165,000 bpd with the addition of the new blending plant.

Lust For Profits, Not Love Of Democracy: The Real Reason Washington Wants Maduro Gone

August 14, 2019 Stephen Gowans, Gowans.blog Educate! Inter-Imperialist Rivalry, Latin America, Oil, Regime Change, Venezuela

In Inventing Reality: The Politics of the News Media, political scientist Michael Parenti wrote that, “Even when we don’t believe what the media say, we are still hearing or reading their viewpoints rather than some other. They are still setting the agenda.” [1] And the agenda they’ve set on Venezuela is built on the questions of whether the government of Nicolas Maduro is authoritarian and whether its so-called ‘socialist’ policies have ruined the country’s economy.

100 Years: The Bank Of North Dakota Story (Part III)

July 28, 2019 the Bank of North Dakota. Create! Bank of North Dakota, Oil, Public Bank

Through the first hundred years of the Bank’s existence, a fascinating pattern developed. The Bank raised its profile and took significant risks to help North Dakota through difficult times, then slipped below the radar when conditions improved, both because its job was temporarily done and to avoid calling undo attention to itself. Periods of progressivism tended to alternate with periods of retrenchment and retraction. After periods of intense activity, the Bank tended to embrace the least “exposed” and controversial profile, quietly doing its core work and accumulating capital and credibility, until the next time it was needed to prop up the state.

How Many Coups (And Lives) Will It Take Before The US Surrenders In Venezuela?

July 1, 2019 Margaret Flowers and Kevin Zeese, Clearing the FOG. Podcast Oil, Revolution, US coup, Venezuela

Venezuela used to be an "oil republic," which made oil executives from the United States and the wealthy class in Venezuela very rich. That lasted until the election of Hugo Chavez in 1998 when the Bolivarian Process began and oil profits were used to provide for basic needs of all the people. Ever since then, the US and its allies have used everything they have to overthrow the revolution, but like Cuba, the people have resisted, despite great suffering being inflicted on them, and the US has failed. We speak with Dan Kovalik about his newest book, "The Plot to Overthrow Venezuela" and the tremendous resistance of the Venezuelan people. We also cover some recent news and have a tribute to Bruce Dixon, co-founder and editor of Black Agenda Report, who died last week of cancer.

Bureau Of Land Mg’t Gives Big Oil Permits To Drill Chaco Canyon, Ignores Courts

July 1, 2019 By Carmen Gucwa, Nationofchange.org Educate! Courts, Drilling, Indigenous Peoples, Land, Oil

Last month, Indigenous and environmental activists won a crucial court victory against the Bureau of Land Management after tirelessly waging a years-long fight for the preservation of Chaco Canyon in New Mexico.The struggle is still not over. Chaco Canyon and its surrounding area, the Greater Chaco Landscape, are of great importance for their archeological and natural features...

How To Move Away From The Brink Of War With Iran

June 25, 2019 Margaret Flowers and Kevin Zeese, Clearing the FOG. Podcast Iran, Oil, Sanctions, Wars and Militarism

The United States has been waging an economic war against Iran ever since the Iranian Revolution overthrew the US-backed brutal shah in 1979, but that war has escalated recently with the US-imposed oil embargo. Oil is a major source of revenue for Iran. Add to that the US pulling out of the nuclear agreement, the attacks on oil tankers in the Strait of Hormuz and Iran shooting down a US drone, and we are extremely close to a hot war that would destabilize the entire Middle East. We speak with Patrick Hiller, a conflict resolution expert who traveled to Iran with us earlier this year, about just how dangerous the current situation is, what the potential consequences are and what we can do to reconcile the hostilities. We also cover recent news and analyses.

US Gov Narrative Blaming Iran For Oil Tanker Attacks Falls Apart In Hours

June 19, 2019 Ben Norton, Thegrayzone.com Educate! Inter-Imperialist Rivalry, Iran, Oil, Trump Administration

The Donald Trump administration’s evidence-less accusations against Iran have fallen apart within a matter of hours. But these US allegations did manage to disrupt an important meeting of Asian leaders at the Shanghai Cooperation Organization summit, where Tehran was hoping to make diplomatic breakthroughs to ease a crippling American economic blockade. On Thursday, June 13, two oil tankers traveling through the Gulf of Oman on their way to Japan suffered from mysterious explosions. The cause of the incident was not clear.

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