Below you'll find a list of all posts that have been tagged as “Opec”
A report by HSBC shows that contrary to industry mythology, even amidst the glut of unconventional oil and gas, the vast bulk of the world’s oil production has already peaked and is now in decline, while European government scientists show that the value of energy produced by oil has declined by half within the first 15 years of the 21st century. …
Those “drill baby drill” fanatics who still insist America is on the smooth road to energy independence might want to pump the brakes just a bit. A look at the latest report by the US Energy Information Administration shows US oil production is down over one million barrels per day since its June 2015 peak of 9.6 million. As of September 9, …
August was the biggest month ever for U.S. gasoline consumption. Americans used a staggering 9.7 million barrels per day. That’s more than a gallon per day for every U.S. man, woman and child. The new peak comes as a surprise to many. In 2012, energy expert Daniel Yergin said, “The U.S. has already reached what we can call`peak demand.” Many others agreed. The U.S. Department …
As US-backed opposition groups take to the streets of Venezuela, following previously failed US-backed uprisings to effect regime change in the South American nation, Western analysts are particularly optimistic about the chances of success now considering the teetering state of Venezuela’s economy. The UK Independent in an article titled, “Venezuela accuses US of plotting coup as Washington warns of ‘imminent …
The beginning of interest in post-Cold War information operations can be traced to the UN intervention in Somalia and the Rwanda Genocide. Relatively honest and direct reporting from these war zones meant that the public opinion of Western countries was a factor that had to be considered by the political classes. Hence the complaining at the time about the so-called …
Sunday, April 17th was the designated moment. The world’s leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. Meeting in Doha, the glittering capital of petroleum-rich Qatar, the oil ministers of the Organization of the Petroleum Exporting Countries (OPEC), along with such key non-OPEC producers as Russia and …
The $15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety. Hedge funds and other large speculators more than doubled their net-long position in bullion last week, just three weeks after they were the most-bearish ever. Investor holdings of gold through exchange-traded products are expanding at the fastest pace in a …
1) International business Times senior writer Eric Marcowitz on LA city Council irregularities hey bring private companies to outfit 8000 police body cams – the most on the entire planet four $57 million. Councilman Mitchell Englander taking private contributions from Wall Street taser manufacturer and body cam producer
2). Mileece Pitrie has found a way to make plants talk.
3) what’s missing in the Iran deal
If there is any single price of any commodity that determines the growth or slowdown of our economy, it is the price of crude oil. Too many things don’t calculate today in regard to the dramatic fall in the world oil price. In June 2014 major oil traded at $103 a barrel. With some experience following the geopolitics of oil …
“You see a big destruction in the income of the oil and commodity producers,” exclaims on analyst but, as Bloomberg notes, while oil prices flashing across traders’ terminals are at the lowest in a decade, in real terms the collapse is considerably deeper. Adjusted for inflation, WTI is its lowest since 2002 and worse still Saudi Light Crude is trading …
