Green Energy
From Bloomberg:
- Us Poised To Become World’s Leading Liquid Petroleum Producer
From the Financial Times: High quality global journalism requires investment. The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US...
- U.s. Oil Boom Upsets World Markets - 15 Refineries Close In Europe - U.s. Cuts Back On Nigerian Crude, And Will Soon Cut Back On Saudi Arabian Crude As Well
This is a post I wrote for Astute Bloggers a few weeks back. This is some important shit. Check it out. The Muslim world is about to take a big hit, and it is directly the result of American Capitalism. It is not because of Obama, or our war...
-
In 6 years America will become the world’s largest oil producer once again “America is poised to become the world’s largest oil producer once again — nearly four decades after it lost the title,” writes The Sunday Times. Goldman Sachs,...
- At $4 A Gallon For Gas, The Market's Oversupplied. Who Knew?
Reuters: Saudi oil minister says mkt oversupplied, cuts output By Amena Bakr and Reem Shamseddine KUWAIT | Sun Apr 17, 2011 8:03pm IST KUWAIT (Reuters) - Saudi Arabia Oil Minister Ali al-Naimi said on Sunday the world oil market was oversupplied and that...
- Energy Information Administration Chief Agrees With Ahmadinejad
Iranian President Ahmadinejad says we need him more than he needs us. Guy Caruso, the EIA chief agrees with him: WASHINGTON (Reuters) - A disruption in Iran's crude oil exports because of a dispute over that country's nuclear program would affect...
Green Energy
North America to Drown in Oil as Mexico Ends Monopoly
From Bloomberg:
The flood of North American crude oil is set to become a deluge as Mexico dismantles a 75-year-old barrier to foreign investment in its oil fields. Plagued by almost a decade of slumping output that has degraded Mexico’s take from a $100-a-barrel oil market, President Enrique Pena Nieto is seeking an end to the state monopoly over one of the biggest crude resources in the Western Hemisphere.
The doubling in Mexican oil output that Citigroup Inc. said may result from inviting international explorers to drill would be equivalent to adding another Nigeria to world supply, or about 2.5 million barrels a day.
That boom would augment a supply surge from U.S. and Canadian wells that Exxon Mobil Corp. (XOM) predicts will vault North American production ahead of every OPEC member except Saudi Arabia within two years.
With U.S. refineries already choking on more oil than they can process, producers from Exxon to ConocoPhillips are clamoring for repeal of the export restrictions that have outlawed most overseas sales of American crude for four decades.
“This is going to be a huge opportunity for any kind of player” in the energy sector, said Pablo Medina, a Latin American upstream analyst at Wood Mackenzie Ltd. in Houston. “All the companies are going to have to turn their heads and start analyzing Mexico.”
- Us Poised To Become World’s Leading Liquid Petroleum Producer
From the Financial Times: High quality global journalism requires investment. The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector. US...
- U.s. Oil Boom Upsets World Markets - 15 Refineries Close In Europe - U.s. Cuts Back On Nigerian Crude, And Will Soon Cut Back On Saudi Arabian Crude As Well
This is a post I wrote for Astute Bloggers a few weeks back. This is some important shit. Check it out. The Muslim world is about to take a big hit, and it is directly the result of American Capitalism. It is not because of Obama, or our war...
-
In 6 years America will become the world’s largest oil producer once again “America is poised to become the world’s largest oil producer once again — nearly four decades after it lost the title,” writes The Sunday Times. Goldman Sachs,...
- At $4 A Gallon For Gas, The Market's Oversupplied. Who Knew?
Reuters: Saudi oil minister says mkt oversupplied, cuts output By Amena Bakr and Reem Shamseddine KUWAIT | Sun Apr 17, 2011 8:03pm IST KUWAIT (Reuters) - Saudi Arabia Oil Minister Ali al-Naimi said on Sunday the world oil market was oversupplied and that...
- Energy Information Administration Chief Agrees With Ahmadinejad
Iranian President Ahmadinejad says we need him more than he needs us. Guy Caruso, the EIA chief agrees with him: WASHINGTON (Reuters) - A disruption in Iran's crude oil exports because of a dispute over that country's nuclear program would affect...