Mexico Believes It Can Replace Venezuelan Oil

By: Thursday January 29, 2015 7:25 am

At least Secretary of Economics Ildefonso Guajardo Villarreal believes so. On January 23, at the World Economic Forum in Davos, Switzerland, Villarreal said Mexico would “replace Venezuelan oil.” Indeed, he noted, in spite of the drop in oil prices, Mexico was a great investment for oil and gas companies: [F]or companies in deep-waters, in mature [...]

U.S. Officials Hope To Steer Caribbean Countries Away From Venezuela

By: Monday January 26, 2015 7:15 am

The White House reported the event as an “energy round-table” discussion of “a cleaner and more sustainable energy future in the Caribbean through improved energy governance, greater access to finance and donor coordination.” While there is no mention of Venezuela, the Atlantic Council, a sponsor of the event, explicitly mentions Venezuela as the reason for the meeting. The Atlantic [...]

Iraqi Vice President Nouri al-Maliki Calls Fall In Oil Prices “Economic War”

By: Tuesday January 20, 2015 7:35 am

Nouri al-Maliki, one of the vice presidents in Iraq, told journalists the drop in oil prices was not natural and called it “economic war.” During a visit to a university on January 15, he did not believe low oil prices were a result of market forces. He cited Russia and Iran as two countries affected by low [...]

Obama Administration Officials Not Worried About Drop in Oil Prices

By: Wednesday January 14, 2015 8:30 am

Amid the significant drop in oil prices, it may be expected officials in the Obama administration would consider changes to their energy policies. Cities expecting the fracking boom to continue are seeing the bubble pop right in their face. Goldman Sachs, noteworthy for its dependence on oil and natural gas on profits, believes prices will drop to $40 per barrel over the [...]

Obama To Bomb Iraq To Protect Advisors He Sent In, Prevent Ethnic Killing, Secure US Oil Contracts

By: Friday August 8, 2014 5:19 am

Is this Iraq War III? President Barack Obama has ordered airstrikes in Iraq against ISIS forces officially entering America into the civil war in Iraq. The bombing is supposed to stop an ethnic cleaning campaign of the Yazidis by ISIS and protect military advisors that Obama sent into the country a few months ago. Also [...]

Oil Companies Raided In Price-Fixing Probe

By: Thursday May 16, 2013 11:29 am

BP and Shell have been raided by agents of the European Commission on suspicion of rigging oil prices for over a decade. Rigging petroleum prices could prove to be even more lucrative than rigging LIBOR. The London offices of BP and Shell have been raided by European regulators investigating allegations they have “colluded” to rig [...]

Gulf Coast Oil Rig Explosion Kills Two

By: Friday November 16, 2012 10:11 am

A day after a record $4.5 billion criminal settlement in the BP oil disaster, another Gulf Coast oil rig exploded. An oil rig explosion off the coast of Louisiana sent four people to hospital Friday and two others were believed to be missing, Coast Guard officials said. Coast Guard spokesman Drake Foret said the fire [...]

The US: The Saudi Arabia of Oil

By: Wednesday October 24, 2012 7:01 am

I recall hearing quite a bit from various governors that the US is the “Saudi Arabia of coal” or the “Saudi Arabia of wind,” or whatever natural resource they had in abundance. Now, according to AP energy writer Jonathan Fahey, the US verges on becoming the Saudi Arabia… of oil. U.S. oil output is surging [...]

The Depressing Energy Debate in America

By: Wednesday October 17, 2012 7:39 am

Anyone hoping to see an end to our policies of encouraging the burning of fossil fuels certainly winced at the energy section of last night’s debate, which did not mention climate change but did feature both candidates trying to convince the country that they would deliver more coal and oil-based domestic energy.

Obama-Appointed Judge Strikes Down CFTC Commodity Speculation Limits

By: Friday September 28, 2012 3:59 pm

Everybody get on the commodity speculation train. A federal judge today threw out the Dodd-Frank provision that empowered the Commodity Futures Trading Commission to set position limits on commodity trading. Judge Robert Wilkins said in his ruling that the CFTC did not prove the necessity of position limits to curb runaway speculation, and that the [...]

Tensions Mount With New Provocations in Iran

By: Monday September 17, 2012 11:38 am

When you talk about tail risk for the US economy, sweeping away the European crisis and the fiscal cliff, perhaps the biggest potential comes from an oil price shock. Combined with any fiscal tightening, that could easily snap the US into recession. And the biggest threat of this stems not from the protests outside US [...]

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