Tag Archives: Oil

by Melvin Blackman QUARTZ Last week? We were talking about market manipulation at the business level and also the state level. The industry intended to cut production so as to maintain prices if California capped prices. California was putting a new program in place to regulate pricing. An AZ state rep was going to California to ask them not to pass the bill. All are forms of market manipulation and one oil industry person did not like what I...

In preparation for a renewed reign of the insurrectionist, energy sources and their associations are writing up executive orders to reverse much of what Pres. Joe Biden has done over 4 years. If you recall, the same was done after Barack Obama left the presidency. Many or most of Obama’s initiatives were reversed by an incoming president who would have trouble writing a paragraph much less an executive order. A bit different in the latter as it took...

Simple commentary. Just started to receive information on increases. Gasoline is a no brainer. We drive a fuel efficient vehicle and do five over as opposed to what others do. It is interesting to hear the complaints. Thirty-gallon gasoline tank plus fast driving and you are getting into some serious money. You can only tell them if they will listen. Most will not and get belligerent. Saudi Arabia and Russia have agreed to extend their voluntary...

Basically, a story about big oil selling prosperity to a country by having their cricket team televised on TV and building a new stadium to be completed by 2025. Exxon and their partners were busy telling the story of fossil fuels as the solution to poverty. This story told as more and more Global North countries pass laws regulating emissions or incentivizing a shift away from fossil fuels. Their message is simple: Having your own fossil fuel...

Basically, a story about big oil selling prosperity to a country by having their cricket team televised on TV and building a new stadium to be completed by 2025. Exxon and their partners were busy telling the story of fossil fuels as the solution to poverty. This story told as more and more Global North countries pass laws regulating emissions or incentivizing a shift away from fossil fuels. Their message is simple: Having your own fossil fuel...

Interesting article about local communities beginning to sue energy companies because of climate change and the mischaracterization of how oil products impact the nations climate. Down in Phoenix, we are seeing temperatures approaching the one hundred and teens. No relief is in sight for a couple of weeks. The same can be said for other parts of the country. The intriguing part is how the industry and advertisers are going about with messaging of...

The Exxon Tiger Rampant, Bad Crow Review, Weldon Berger Links are at the end, doing linky stuff. _________________________________________________________________ “confidence is high in the oil and gas world” __________________________________________________________________ And why not? Record profits, massive new drilling projects in delicate environs, a presidential pronouncement validating decades more of fossil fuel burning and...

– Sandwichman @ Econospeak The Unbearable Tightness of Peaking Sandwichman came across a fascinating and disconcerting new dissertation, titled “Carbon Purgatory: The Dysfunctional Political Economy of Oil During the Renewable Energy Transition” by Gabe Eckhouse. An adaptation of one of the chapters, dealing with fracking, was published in Geoforum in 2021 As some of you may know, the specter of Peak Oil was allegedly “vanquished” by the...

US to purchase more oil to replenish the Strategic Petroleum Reserve (SPR). DOE Announces Repurchase of Oil for the Strategic Petroleum Reserve, Department of Energy, DOE. The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves, December 16 announced that it will start repurchasing crude oil for the Strategic Petroleum Reserve (SPR). This repurchase is an opportunity to secure a good deal for American taxpayers by repurchasing oil...

RJS: Focus on Fracking ________ Summary: US oil supplies at an 18 year low, SPR at a 36 year low, total oil + oil products supply at a 13½ year low. _________ Detail: The Latest US Oil Supply and Disposition Data from the EIA  Sidenote: The US oil data reported this week by the US Energy Information Administration includes updated data for the week ending June 17th, which should have been published last week but wasn’t due to a...