published by joeblow on Sat, 2012-10-20 18:43
The energy crisis is causing worry. However, Iran, which possesses huge reserves of oil and gas, wishes to exploit them better, with our help, and sell us the products, a procedure that would lead to a marked softening of worldwide petrol, diesel, fuel oil and gas prices. A good many nations have an eye on this great potential wealth and would be apt to respond favorably to Tehran’s business proposals. But the United States has decreed the boycott of Iran and, up to now, the world’s policeman has generally been obeyed.
published by Tom Sullivan on Sat, 2012-07-21 19:40
Nigeria, Africa's most populous nation and its largest oil producer, is from all evidence being systematically thrown into chaos and a state of civil war. The recent surprise decision by the government of Goodluck Jonathan to abruptly lift subsidies on imported gasoline and other fuel has a far more sinister background than mere corruption and the Washington-based International Monetary Fund (IMF) is playing a key role. China appears to be the likely loser along with Nigeria's population.
published by Tom Sullivan on Mon, 2012-06-18 08:12
India removed a hefty tax and took other steps to ease payments in its rupee currency for some imports of Iranian oil as it seeks to continue purchases - albeit reduced - in face of Western sanctions that blocked an earlier payment method, Reuters reported.
India, Iran's second-biggest oil client, won a waiver this month from tough new U.S. sanctions in return for significantly cutting purchases of Iranian oil.
published by Lindquist on Thu, 2012-06-07 20:52
When he boarded his flight from London to Oslo, Farouk al-Kasim, a young Iraqi geologist, knew his life would never again be the same. Norway was a country about as different as it was possible to imagine from his home, the Iraqi port city of Basra. He had no job to go to, and no idea of how he would make a living in the far north. It was May 1968 and al-Kasim had just resigned from his post at the Iraq Petroleum Company. To do so, he had had to come to the UK, where the consortium of western companies that still controlled most of his country’s oil production had its headquarters.
published by Lindquist on Sun, 2012-04-01 18:37
There are three groups that are eyeing Africa for its abundant resources: Europeans & Americans; Arabs; and Israelis. When it comes to Africa, those three groups WORK TOGETHER. Do not believe otherwise.
published by Aletho News on Fri, 2012-03-30 03:45
In his paper, Hubbert estimated that the “ultimate potential reserve of 150 billion barrels of crude oil for both the land and offshore areas of the United States.” Hubbert’s estimate was based on the crude oil “initially present which are producible by methods now in use.” Using the 150 billion barrel estimate he predicted US Peak Oil occurring in 1965. But to be cautious, he also used a slightly higher figure of 200 billion barrels which produced a peak in oil production around 1970—the figure that Hubbert advocates like to use to demonstrate that Hubbert was prophetic in his predictions. However, by 2006 the Department of Energy estimated that domestic oil resources still in the ground (in-place) total 1,124 billion barrels. Of this large in-place resource, 400 billon barrels is estimated to be technically recoverable with current technology. ...
published by Heydrich on Mon, 2012-03-26 04:32
One of the worst companies in the world shows what it's made of.
published by Tom Sullivan on Wed, 2012-03-21 00:25
Another video of "Africans" begging the US to invade & occupy Africa
published by Heydrich on Fri, 2012-03-16 22:26
The US military has invaded Central Africa to steal its oil, and the invasion force grows bigger every day. The propaganda used to justify this is hilarious.
published by Heydrich on Fri, 2012-03-16 02:14
All talk about Iran's nuclear issue, and a military strike on Iran, is merely a smokescreen for what's really happening.
published by Lindquist on Tue, 2012-01-31 20:54
Most discussions of possible United States military operations in the Persian Gulf, should Iran try to prevent maritime traffic from going through the Strait of Hormuz, generally say that while it would not be a cakewalk, it would not be an enormously difficult task either.
published by Tom Sullivan on Thu, 2012-01-26 23:17
This week, the warlords of the West took yet another step toward their long-desired war againt Iran. (Open war, that is; their covert war has been going on for decades -- via subversion, terrorism, and proxies like Saddam Hussein.) On Monday, the European Union obediently followed the dictates of its Washington masters by agreeing to impose an embargo on Iranian oil.
published by Tom Sullivan on Thu, 2012-01-26 11:11
The International Monetary Fund (IMF) says sanctions imposed by the US and European Union on Iran's oil and financial sectors will cause the global oil price to rise by 20-30 percent.
published by Tom Sullivan on Thu, 2012-01-26 10:33
No one ever lost money betting on the foolishness of European Union (EU) politicos. And if you are an oil trader, rejoice - all the way to the bank; as expected, EU foreign ministers - meekly following the Barack Obama administration - have given a green light for a full Iranian oil embargo.
The embargo applies not only to new contracts but also existing contracts - to be voided by July 1, and includes extra sanctions targeting Iran's central bank and petrochemical exports to the EU.
published by Aletho News on Wed, 2012-01-11 05:18
Connections between the US and UK National Security apparatus and the appearance of the anthropogenic global warming (AGW) theory beginning after the accident at Three Mile Island.
published by Tom Sullivan on Sun, 2011-09-04 12:19
The European Union imposed a ban on purchases of Syrian oil on Saturday and warned of further steps unless President Bashar al-Assad’s government ends its five-month crackdown on dissent.
published by andie531 on Wed, 2011-07-27 07:38
German Foreign Minister Guido Westerwelle said the loans could be paid back with Gaddafi's frozen assets. Once the UN Security Council has unfrozen them, the loan will be paid back from Gaddafi’s wallet.
published by andie531 on Tue, 2011-06-28 23:47
Canadian Foreign Affairs Minister John Baird met this week with Libya’s National Transitional Council, the rebel organization claiming to be the “sole representative of all Libya", even though it represents less than half of Libya’s tribes. The group’s leadership is almost entirely elitist, Arab, pro-Western businessmen with American Ph.D.s. It has formed a central bank to act as monetary authority over a country it does not control and has made contracts with foreign governments for oil in rebel-held territories.
published by andie531 on Sat, 2011-06-18 23:43
Ruling in favor of Transocean and BP, a federal judge on Thursday dismissed third-party environmental claims in a giant pleading bundle in the Deepwater Horizon oil spill litigation, saying the fact that the oil flow has stopped makes those lawsuits irrelevant.
published by andie531 on Mon, 2011-05-30 15:58
British Petroleum possesses 38% of the contract and the Chinese – 37%, while Iraq’s state-owned Southern Iraq Oil Company owns the remaining 25% of the contract.
published by andie531 on Mon, 2011-04-11 03:43
A large explosion at Iran’s main energy pipeline hub Friday was caused by sabotage, an influential member of Parliament said Sunday. A similar blast Feb. 11 temporarily halted north-south gas transportation in the country.
published by andie531 on Sun, 2011-04-10 20:28
In an interview on Fox News, potential Republican presidential candidate Donald Trump outlined his Iraq strategy to Bill O’Reilly.
“In the old days when you had wars, you win, right?” Trump began. “You win. To the victor belonged the spoils. So when we go to Iraq, we spend $1.4 trillion so far and thousands of lives are lost, right? … And we’re going to leave and 15 minutes after we leave, Iran is going to go into Iraq.”
published by andie531 on Sat, 2011-04-09 16:19
China was one of the biggest importers of Libyan oil. So why were its oil facilities and workers in Libya under attack?
published by andie531 on Wed, 2011-03-30 18:13
The average Libyan knows that the US and Israel are after their oil.
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