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Showing posts with label Big Oil. Show all posts
Showing posts with label Big Oil. Show all posts

Wednesday, July 18, 2012

Big Oil's Secret: They Support Global Warming Policy


Dees Illustration
Boom Criteria
Activist Post

There was once a company named "Glori Oil" based in Houston, Texas, according to its website, it was:

"a Delaware corporation founded in 2005 to commercialize technology developed by 'The Energy and Resources Institute' (known as TERI). [...] 
Our vision is to be the leader in bio-technology solutions to the global oil and gas industry and service provider of choice to both independent and major oil and gas producers. Our mission is delivering state of the art bio-technology solutions to improve and increase recovery from mature oil wells and to solve complex problems associated with the production of oil, gas and water."
It's important to note that TERI, now unanimously known as 'The Energy and Resources Institute' was once actually named "Tata Energy and Resources Institute', but I'll get back to that later.

Thursday, June 9, 2011

NATO-led coalition to plan post-Kadhafi Libya: US officials

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© AFP/File Mahmud Turkia
AFP

ABU DHABI (AFP) - US Secretary of State Hillary Clinton arrived in the United Arab Emirates on Wednesday for talks with European and Arab partners on planning for a democratic Libya without Moamer Kadhafi, aides said.

The talks in the UAE capital Abu Dhabi on Thursday come after President Barack Obama said NATO's mission in Libya was forging "inexorable" advances that meant it was only a matter of time before Kadhafi's departure.

The meeting will be the third International Contact Group event since the organisation was launched in Qatar two months ago.

Tuesday, June 7, 2011

Friday, May 27, 2011

What Will Fracking Do to Your Food Supply?


The controversial gas-drilling practice is tainting water. Your food might be next.

Barry Estabrook

Fracking Pollution
GiltTaste

There's a stunning moment in the Academy Award-nominated documentary Gasland, where a man touches a match to his running faucet—to have it explode in a ball of fire. This is what hydraulic fracturing, a process of drilling for natural gas known as "fracking," is doing to many drinking water supplies across the country. But the other side of fracking—what it might do to the food eaten by people living hundreds of miles from the nearest gas well—has received little attention.

Fracking well. Photo credit: RiverkeeperUnlike many in agriculture, cattle farmer Ken Jaffe has had a good decade. But lately he's been nervous, worried fracking will destroy his business. Jaffe's been good to his soil, and the land has been good to him. By rotating his herd of cattle to different pastures on his Catskills farm every day, he has restored the once-eroded land and built a successful business with his grass-fed and -finished beef. His Slope Farms sells meat to food coops, specialty meat markets, and high-end restaurants in New York City, about 160 miles to the southeast. "If you feed your micro-herd—the bacteria and fungi in the soil—then your big herd will do well, too," he said when I visited him recently on a cool, sunny afternoon.

But a seam of black rock lies nearly a mile beneath the topsoil he has so scrupulously nurtured, and the deposit contains enormous quantities of natural gas. Profit-hungry energy companies—and the politicians that their campaign donations support—are determined to exploit that resource, even though it could destroy the livelihoods of thousands of small farmers like Jaffe who have sprung up in New York City's vibrant, alternative food shed.

Thursday, May 26, 2011

Venezuela oil chief says US can 'go to hell'



© AFP/Prensa Miraflores/File
AFP

CARACAS (AFP) - The head of Venezuela's state oil giant Petroleos de Venezuela (PDVSA) said the "imperialist" United States could "go to hell" after it slapped sanctions on the company over alleged ties to Iran.

"The imperialists can go to hell. Their sanctions mean nothing us. No one is going to impose this kind of action against us," Rafael Ramirez, who also serves as energy and petroleum minister, said late Wednesday.

"We do what best serves the people of Venezuela and what best serves the interests of the Venezuelan state," he added.

Monday, May 23, 2011

Complex But Clear US Foreign Policies

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Jack D. Douglas
LewRockwell

I've heard Congress people and others say repeatedly that the U.S. has no real or clear foreign policy for the Middle East. I think the U.S. has a clear but complex and changing, general policy in the Middle East which we can infer from U.S. actions, but Obama et al. keep using short run tactics and proclamations to deceive the various major powers there and the American people.

There is no simple, overall, constant policy like containment was toward the USSR for its final roughly forty years of existence. But there is a systematic set of nearly absolute goals which are interrelated. Let me set them out a bit starkly and clearly.

1. The U.S. will do whatever is necessary, if possible, to keep the Saudi and Persian Gulf oil flowing at its current rate.

2. The U.S. will protect Israel to keep it going.

Friday, April 29, 2011

Globalists Plan to Starve Libyan People to Death

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InfoWars-Libya will soon suffer the fate of Iraq. According to the World Food Program, a United Nations outfit, the north African country will soon experience a food crisis. In a statement, the organization said the engineered armed conflict in the country is seriously undermining the supply and distribution of perishable goods.
In 2003, the same thing happened in Iraq after the United States invaded to save the world from WMDs that did not exist, that were invented by a cabal of neocons ensconced in the Pentagon.
On March 20, 2003, the BBC reported that the country faced “the largest and most costly humanitarian crisis in history” following the U.S. invasion and the collapse of the oil-for-food program and the departure of U.N. personnel.

The Roller Coaster Ride of Oil Continues

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Dees Illustration
Greg Hunter
USA Watchdog

Gas prices 2011! Oil prices are on the rise.  The price per barrel rose again yesterday, and so did gas prices.  According to AAA, the national average price of unleaded gasoline added a penny, climbing to $3.879 per gallon.  It is already more than $4.00 a gallon on the east and west coast, and don’t expect the price to go down before it goes way up.James Howard Kunstler has researched and written books on fictional depictions of the post-oil American future.   Kunstler forecasts very tight oil supplies, with dreadful consequences for our society.   In his latest article, Kunstler takes the President to task for blaming the recent price spike on “speculators,” while turning a blind eye to the crooked bankers who brought down the world economy in 2008.  Please enjoy this excellent post.  –Greg Hunter–

“The Banana Peel of Destiny”
By James Howard Kunstler

That was a cute move by President Obama last week, calling out the “oil speculators” with a memo to his Attorney General, Eric Holder.  The President proved a few weeks ago, in his energy speech to the nation, that he doesn’t understand how these resources are produced and traded. Consequently, the people he addressed remain clueless, but ticked off nonetheless. And the logic of politics now compels Mr. Obama to call out the dogs on…people who make money trading paper claims on oil?

Read Full Article 





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Thursday, April 28, 2011

US authorizes oil transactions with Libyan rebels

Libyan rebels stand guard in a petrol station 
© AFP Borni Hichem
AFP

WASHINGTON (AFP) - The United States on Wednesday authorized Americans to buy oil from Libyan rebels, easing sanctions to open a stream of funding to opponents of Libyan strongman Moamer Kadhafi.

The US Treasury specifically authorized transactions with Qatar Petroleum and the Vitol Group "related to oil, gas, or petroleum products exported from Libya under the auspices of the Transitional National Council of Libya."

Buyers must report the transactions to the Treasury Department and provide information to show that the Libyan government or others under sanctions derive no benefit, the Treasury Department statement said.

Thursday, April 21, 2011

Oil Crisis Just Got Real: Sinopec (Read China) Cuts Off Oil Exports

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Sinopec Station in Hong Kong
Wikimedia Commons image
Zero Hedge

As if a dollar in freefall was not enough, surging oil is about to hit the turbo boost, decimating what is left of the US (and global) consumer. Xinhua, via Energy Daily, brings this stunner:  "Chinese oil giant Sinopec has stopped exporting oil products to maintain domestic supplies amid disruption concerns caused by Middle East unrest and Japan’s earthquake, a report said Wednesday. The state-run Xinhua news agency did not say how long the suspension would last but it reported that the firm had said it also would take steps to step up output “to maintain domestic market supplies of refined oil products”. Oh but don’t worry, those good Saudi folks are seeing a massive drop in demand… for their Kool aid perhaps. “Sinopec would ensure supplies met  the “basic needs” of the southern Chinese special regions of Hong Kong and Macao, but they also should expect an unspecified drop in supply, Xinhua quoted an unnamed company official as saying.” Now… does anyone remember the 1970s?

The report said Sinopec has raised output of refined oil products this year, with its first-quarter production reaching 31.55 million tonnes, an increase of 6.2 percent from the same period last year. 
Sinopec last month said its 2010 net profit rose nearly 14 percent on higher oil prices and strong domestic demand for refined oil and chemical products. 
It reported a net profit of 71.8 billion yuan ($11 billion). 
The Beijing-based company attributed the result to China's rapid economic growth, robust oil demand and "the increase in the price of crude oil, oil products and petrochemical products."

Monday, April 18, 2011

Saudis Slash Oil Output; Say Market Oversupplied

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OPEC Countries/Wikimedia image
CNBC/Reuters

Saudi Arabia's oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices.

Consumers have urged the exporters' group to pump more crude to put a cap on oil, which surged to more than $127 a barrel this month, its highest level in 2 1/2 years amid unrest in North Africa and the Middle East.

Oil Ministers from Kuwait and the United Arab Emirates echoed Saudi Arabia's Ali al-Naimi's concerns about oversupply and said rocketing crude prices were out of the hands of OPEC, which next meets in June.

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Wednesday, April 13, 2011

Will Big Oil Trigger the New Madrid Megaquake?

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Zen Gardner
Before It's News

Something really fishy, as usual, is going on in the oil industry. And again it's regarding the Gulf.

Several newspapers recently announced that BP was being given permission to restart drilling and would even start new wells in the explosive Macondo region where the last catastrophe was precipitated.

Yes, insane corporate greed at the least. The very least.

The Guardian wrote:
Oil giant BP plans to restart deepwater drilling in the Gulf of Mexico this summer just a year after the Deepwater Horizon explosion that sparked the worst oil spill in history. The group hopes to start work on 10 wells in the Gulf after being granted permission by US regulators to continue work halted at the time of the drilling moratorium imposed after the spill. The move is likely to fuel public anger, coming just a year after the devastating oil spill, which happened when a BP well exploded, killing 11 workers and causing an environmental crisis. Source

Monday, March 28, 2011

Libya's Blood For Oil: The Vampire War

Dees Illustration

Susan Lindauer
Former U.S. Asset who covered Libya at the United Nations from 1995 to 2003

Who are we kidding? The United States, Britain and NATO don't care about bombing civilians to contain rebellion. Their militaries bomb civilians every day without mercy. They have destroyed most of the community infrastructure of Iraq and Afghanistan before turning their sights on Libya. So what's really going on here?

According to the CIA, the following never happened…

Last October, US oil giants— Chevron and Occidental Petroleum— made a surprising decision to pull out of Libya, while China, Germany and Italy stayed on, signing major contracts with Gadhaffi's government.  As the U.S. Asset who started negotiations for the Lockerbie Trial with Libyan diplomats, I had close ties to Libya's U.N. Mission from 1995 to 2003. Given my long involvement in the Lockerbie saga, I have continued to enjoy special access to high level intelligence gossip on Libya.

Monday, March 14, 2011

Is Gaddafi an Oil Robber Baron?



SARTRE, Contributing Writer



The struggle for control over oil resources is one of the most dominate factors in economic history. A timeline of the oil robber barons is compelling, especially when viewed from the perspective of muckraking Ida Tarbell. In the History of The Standard Oil Company, Tarbell influenced public opinion and provided pressure for government regulation of the oil monopoly. Martha R. Gore writes in The "Joan of Arc" of the Oil Regions Who Exposed Standard Oil, "In November 1906, the federal government took Standard Oil to court, charging it with obstructing interstate trade, a violation of the Sherman Antitrust Act of 1890. The result was the breakup of Standard Oil and the end of its power to destroy its competition and control of the American oil market".


As any consumer knows, the sleight of hand show that broke up the Rockefeller companies did nothing to eliminate the oil empire of the baron’s. Yet, John D. emerges as the richest man in all history, according to the Business Insider, with a personal fortune of $336 billion. This amount is very deceptive when one peels back the onion and examines the myriad of layers that the internationalist’s banking system uses to conceal the trillions of wealth that they actually controlled. The days of Taylor Caldwell’s masterpiece, Captains and the Kings are long gone for the down trodden, but are still ripe for exploration by the barons of unfeigned dominance. Captains and the Kings tells a story of the real power behind the government. The Committee of Foreign Relations; shadowy men who make decisions that affect the world around them.

Muammar Muhammad al-Gaddafi is no Joseph Armagh. The History of Libya under Gaddafi is not a pretty picture. Colonel Gaddafi’s stewardship of Libya’s oil resources is not exactly a profile in courage. His record of rule shows no element of self-determination for the tribal subjects that suffer as the oil revenues flow and fund dubious adventures. Bad men come in different shapes, sizes and survival skills. Ruling for 41 years is no small feat, even in an authoritarian regime. However, does this mean that so many world leaders and influential politicians, who grovel at the feet of this strange mercurial and eccentric leader, accept him into their club of economic pillage?



The Telegraph concludes in, The fall of Gaddafi could finish off Tony Blair, "One thing’s for sure: should the Gaddafi regime fall and its private papers start fluttering around Tripoli, the first thing British journalists will be looking for will be any documents carrying the name of Tony Blair". Blair was called "Bush's poodle", but may well turn out to be Gaddafi’s "Bull Terrier" when it comes to his eagerness to distance himself from his close ties that propped up the tyrant’s Bedouin tent.   

Not far behind is "neoconservative" Richard Perle. Jeffrey Goldberg in Atlantic writes, "The former Reagan-era Defense Department official and George W. Bush-era chairman of the Defense Policy Board, traveled to Libya twice in 2006 to meet with Qadhafi, and afterward briefed Vice President Dick Cheney on his visits, according to documents released by a Libyan opposition group in 2009".

Cheney has a long record in pulling strings.  TPM reports:
"As CEO of Halliburton, and even as Vice President (prior to 9/11) Cheney supported relaxing sanctions on Libya and Iran so that companies such as Halliburton would be free to profit from their energy riches (regardless of the nature of the regime). Cheney admits to this and is even quite proud of it.
Now BP is being lambasted for seeking the release of convicted Lockerbie terrorist al-Megrahi. BP denies these accusations. Although distasteful to the victims of Pan Am 103, at least the U.S. and U.K. have diplomatic and somewhat friendly relations with Libya. Libya has renounced its WMD programs and is supportive of American law enforcement and counterterrorism policies.
Dick Cheney thought it was alright for his business (but not everyone else) to do business with pre-detente Libya and Iran, now and then, the world's greatest state-sponsor of terrorism".
Poodle Blair takes a back seat to Dick "Darth Vader" Cheney. None other than the current Secretary of State, HilLAIRy Clinton stated when she was a Senator. 
"Vice President Cheney came up to see the Republicans yesterday," Clinton said at the fundraiser. "You can always tell when the Republicans are getting restless, because the Vice President’s motorcade pulls into the Capitol, and Darth Vader emerges."
The complicity of cooperation with Gaddafi goes way back. Debbie Schlussel reminds of the Carter connection.
"Ole’ Billy would be proud. A new group, the Washington based US-Libya Business Association (a fancy name for a group of lobbyists who whored themselves out to oil companies paying big bucks because they want to do business with the terrorist state), is pushing for the Bush White House and State Department to remove Libya from the State Department’s list of countries sponsoring terrorist groups. (Billy Carter took a "loan" of a few hundred thousand dollars from Libya’s loony dictator, Muammar "Daffy" Qaddafi, to do similar lobbying of his Peanut Farmer President brother.)"
Is it any wonder that Colonel Gaddafi claims: 'West only wants our oil'? "There is a conspiracy to control the Libyan oil and to control the Libyan land, to colonize Libya once again." If Gaddafi were an oil baron, would he be facing rebels deployed around strategic Libyan oil port, a "no-fly zone" or possible invasion by NATO forces?




The videos 'US imperialism will push them into Libya's war' and Gaddafi under world court investigation explain why he has overstayed his welcome and requires a kangaroo court to put him in a cell that was once occupied by Abdelbeset al-MegrahiIn an effort to ward off an imminent reprisal or prolonged sanctions on Libya, another fringe autocrat Hugo Chavez, the Venezuelan president, offers to mediate a resolution. Without giving further details of the proposed mediation mission, Chavez said it was better to seek "a political solution instead of sending marines to Libya, and better to send a good will mission than for the killing to continue". 

Robber Barons do not go begging for a reprieve. Since the early days of the oil cartel in union with the central bank finance cabal, the name of the game is to control the vital fluids of energy production and the funding or exclusion of the capital flow that turns fossil fuels into the engine of wealth manipulation.

From his extensive experience on this subject, Robert Fisk offers his assessment. 
"It is only a matter of time, needless to say, before Gaddafi reminds Libyans that al-Qa'ida was a satellite of the very Arab mujahedin used by the United States to fight the Soviet Union in Afghanistan. Yet Libya's own ferocious resistance to Italian colonization proves that its people know how to fight and die. In "Tripolitania", Libyans were expected to walk in the gutter if Italians were walking towards them on the same pavement and Fascist Italy used aircraft as well as occupation troops to bring Libya to heel.
Unlike Tunisia and Egypt, however, the "People's Masses" of Libya are a tribal rather than a societal nation. Hence two members of Gaddafi's own family – the head of security in Tripoli and the most influential intelligence officer in Benghazi – were respectively his nephew, Abdel Salem Alhadi, and his cousin, Mabrouk Warfali. Gaddafi's own tribe, the Guedaffi, come from the desert between Sirte and Sebha; hence the western region of Libya remains under his control.
Talk of civil war in Libya – the kind of waffle currently emerging from Hillary Clinton's State Department – is nonsense. All revolutions, bloody or otherwise, are usually civil wars unless outside powers intervene, which Western nations clearly do not intend to do and the people of eastern Libya have already said they do not wish for foreign intervention (David Cameron, please note)".

Is Mr. Fisk correct about Western nation’s intentions? Let’s hope so, but what about interference or intervention by the oil and banking robber barons? Gaddafi is no more a threat to the West thanHosni Mubarak was, and we saw just how long it took to remove him. Keeping the Suez Canal open and maintaining the oil exports to Europe is the common objective of the oligarchy.  The plutocrats need to keep their boots on the head of any dictator who dares to think they are independent of the global money interests. This message also applies to the leaders of “so called” civilized democracies.   


The price of oil is being maneuvered to hit new all time highs. Middle East crises are fashioned to drive chaos into the need to surrender to a greater global dominance. No matter how you spell Gaddafi’s name, he is insignificant and disposable. His head on the end of a nodding donkey is just window dressing. The true criminals that escape real world court justice are the globalists and the definitive robber barons. The Rockefeller legacy produces a gulag world for the Captains and the Kings. Politics reveals that Oil Runs More Than The Economy. In the Oil Roustabout Economy the Gaddafi’s of the world are disposable grains of sand. 


Original article archived here


SARTRE is the pen name of James Hall, a reformed, former political operative. This pundit's formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce.  SARTRE is the publisher of BREAKING ALL THE RULES. Contact batr@batr.org  

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Sunday, March 13, 2011

Oil and Saudis Big Winners of Japan Disaster



Zen Gardner
Before It's News

Don't know if anyone noticed, but the "Day of Rage" scheduled for Saudi Arabia on March 11th was completely eclipsed by the Japan Quake and Tsunami, followed now by a nuclear threat to that ravaged country.

Not only was it eclipsed, it just didn't happen. Nor have we heard a peep out of the protesters.

In addition, the Saudi stock market, one of the only ones open today due to their Islamic week beginning on Saturday, was up 3% on the energy related impact of the Japan disaster. Didn't that work out nicely.

Oil was just starting to retract the past few days and now we're going to see the prices soar again.

Coincidence?http://5b5f890etgohi3ecw9ccgd8u3m.hop.clickbank.net/?tid=GPA

When oil's involved, you're talking BIG money and the BIG money players....i.e. those that think they own us. Not much goes on that they don't control or try to control.

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Friday, March 4, 2011

Oil price shock; you ain't seen nothing yet



Wiki Commons
Jeremy Warner
Telegraph

The most common cause of a spiking oil price is supply shock. We may be seeing just such a phenonenon right now with the effective shut down of Libyan oil. But sometimes it’s excessive demand that does the damage.

Forget the present turbulence, which may or may not be temporary. You don’t have to look far into the future, perhaps as little as a year to 18 months, to see that a major demand challenge is looming which even assuming no further disruption to existing production, will challenge the present supply base to breaking point.

As it is, it’s fair to assume the world is closer to full capacity than producers care to admit. Rewind to the last oil price shock in the summer of 2008, and Saudi Arabia, pumping out oil at the rate of around 9.5 million barrels a day, was having to draw on inventories to meet demand. It’s therefore reasonable to assume that 9.5 million bpd then represented maximum capacity.

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