Tag Archives: Oil

Commenter and Blogger RJS adds more detail to what I would suggest is a coming shortage of oil and oil products. Focus on Fracking US crude supplies at a 35 month low; total supplies of oil and all products made from it at a 6 1/2 year low… US oil data from the US Energy Information Administration for the week ending September 17th indicated that despite sizeable increases in our oilfield production and our oil imports, we still needed to...

Gasoline supplies at a 42 month low; natural gas supplies still 16.5% lower than a year ago; offshore Alaska drilling resumes; Commenter Blogger RJS, MarketWatch 666 This Week’s Rig Count Number of drilling rigs active in the US increased for the 40th time out of the past 47 weeks during the week ending August 13th, but was still down by 36.9% from the pre-pandemic rig count….Baker Hughes reported that the total count of rotary rigs running in...

RJS at Marketwatch 666 reviews oil and natural gas pricing, June 28, 2021 Oil Pricing Oil prices set a new 32 month high for a fifth consecutive week, as negotiations to lift Iranian sanctions broke off and US crude supplies fell more than was expected for a fifth straight week. After rising 1% to $71.64 a barrel last week on rising demand and falling supplies, the contract price of US light sweet crude for July delivery opened lower on...

Yesterday (11-9-2020) I was asked by PRESS TV to comment on the current tensions between Greece and Turkey. I expressed the opinion that these tensions and war-mongering threats are coming from both sides, that is the Greek and the Turkish ruling elites. And that the peoples of Greece and Turkey have nothing to gain from this. The two ruling elites scramble for supposed oil reserves in the Eastern Mediterranean basin. The existence of these reserves is far from certain; and also, if...

Oil glut?SputnikSaudi Oil Industry at Risk as American, European Refiners Refusing Riyadh’s Crude – Reports

Whenever I write about oil as a primary motive for US imperialism, I always get a bunch of right-wingers objecting that that makes no sense because the US has plenty of oil, and that it’s really about freedom and democracy or communism or Zionism or pedovore cults or Illuminati or whatever. What they miss, in their squirming attempts to avoid cognitive dissonance, is that it’s not about having and consuming oil, it’s about controlling oil. Control what governments can and cannot access...

Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is facing an existential and likely mortal threat from renewable energy and EVs.... Oilprice.comThe Threat That Will Send Oil Down To $10 Nick Cunningham

Control of oil has long been a key aim of U.S. foreign policy. The Paris climate agreements and any other Green programs to reduce the pace of global warming are viewed as threatening the aim of dominating world energy markets by keeping economies dependent on oil under U.S. control. Also blocking U.S. willingness to help stem global warming is the oil industry’s economic and hence political power. Its product is not only energy but also global warming, along with plastic pollution.......

Sanctions now form a key part of what is a strategic plan by the US to ruin the Venezuelan economy, says Tim Young.… It's not socialism that is sinking Venezuela but capitalism — neoliberalism, that is, whose corollaries are neo-imperialism and neocolonialism. Tim Young recounts now capitalist America is mounting an illegal hybrid war against socialist Venezuela, pure and simple, not only based on political ideology but mostly for, you guessed it, for capturing the oil.You see, Maduro is...