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Category Archives: Energy
The world already has too much oil. But now it’s running out of room to store it. As the oil sector faces down decimated demand resulting from the coronavirus as well as the oil price war between Saudi Arabia and … Continue reading
Parody with a basis in fact makes a valid point: while the poster child of the Communist Party is a true believer, she still is a puppet with the perfect intelligence level for a useful idiot. This would never be … Continue reading
President Trump will extend the use of ethanol in gasoline to benefit farmers. Pull back the covers and the only ones benefiting from ethanol are Monsanto (now Bayer), subsidized farmers and the government. GMO corn means more money in the … Continue reading
Roughly $1.25 billion. That’s how much Duke Energy customers will be overpaying for electricity over the next 10 to 15 years. We can thank North Carolina law — and Gov. Roy Cooper — for the higher bills that come with … Continue reading
(Zerohedge) 20 July 2016 – Following last week’s surprise Distillates build (and bounce in production) and API’s overnight surprise Gasoline build, DOE data this morning was mixed confirming the 2.3mm draw in overall crude inventories (9th week in a row) … Continue reading
Did you know that there are some U.S. states that have already officially fallen into recession? Economic activity all over the planet is in the process of slowing down, and there are some areas of the country that are really … Continue reading
In the latest sign that the world is simply running out of capacity when it comes to coping with an inexorable supply of commodities,three diesel tankers en route from the Gulf to Europe did something rather odd on Wednesday: they … Continue reading
by Robert Gore Last December, in “Oil Ushers in the Depression,” SLL said that oil was on the leading edge of global economic and financial contraction. The future is now. The carnage in the oil sector, where a glut has … Continue reading
The Obama administration took a number of actions Friday to restrict future offshore drilling in the Arctic Ocean. The Interior Department is canceling two lease sales it had planned over the next year and a half for Arctic drilling rights … Continue reading
President Obama is looking to cement his legacy on climate change. His administration will finalize sweeping new regulations on power plants on Monday, which is sure to spark a fight with Republicans in Congress. In a video released early Sunday, Obama … Continue reading
Why is Isaac Plains relevant? Well, in 2011 at the height of the Australian mining boom, Japanese conglomerate Sumitomo thought it has spotted a bargain, and a SMH reports, it approached Tony Poli, the founder of mid-tier miner Aquila Resources … Continue reading
How could trillions of dollars be laundered from the Wash DC regime to Saudi Arabia? Why, through Citigroup, of course.
A clever reader with probably more knowledge of the Middle East than they would care to have put before me a very interesting question. Is the US laundering money to Saudi Arabia through Citigroup in order to “hedge” against, or … Continue reading
The oil price decline of 2014 upended the geopolitical chessboard. Worth watching in 2015 will be who can recover and dominate play — OPEC, Vladimir Putin or U.S. shale drillers. Oil’s international benchmark price dropped as much as 49 percent … Continue reading
BASF said it had dropped plans to hand full control of its gas storage and trading business to Russia’s Gazprom in exchange for stakes in two Siberian gas fields. State-controlled Gazprom is the leading supplier of natural gas to western Europe … Continue reading