The Trump administration is planning to open a US consulate in Greenland for the 1st time in decades amid increased strategic and economic interest in the Danish territory. The State Department says in a letter to Congress that re-establishing a consulate in Nuuk is part of a broader plan to increase the US presence in […]
More Flooding Ahead for Texas, Losses Mounting $USO, $UNG, $UGA The flood waters deepen in Houston, the Hub of the US Crude Oil industry. As floods inundated the nation’s 4th-largest city Monday, with an estimated 20 ins of rain still to come, predictions of damage ranged as high as $100-B. Wall Street and Washington braced […]
US Will Not Eliminate Any National Monuments US Interior Secretary Ryan Zinke said he’s recommending that none of 27 national monuments carved from wilderness and ocean and under review by The Trump Administration be eliminated. Secretary Zinke did say that unspecified boundary adjustments for some monuments designated over the past 40 years will be included […]
Travel Review: Azerbaijan Calls The ‘Fire Country’ has an eclectic mix of historical attractions set alongside new-world wonders to satisfy the taste of any visitor If mud-spouting volcanoes and a mountain fire that’s been burning ceaselessly for the last 4,000 years are things you want to tick off your travel bucket list, Azerbaijan is the […]
President Trump Champions US Energy Dominance $USO, $UNG, $SRE Thursday, The Trump Administration said Thursday it is taking steps to expand Crude Oil drilling in the Arctic and Atlantic oceans as President Donald Trump continues to push for US “energy dominance” in the global market. The Interior Department is rewriting a 5-year drilling plan established […]
Germany “Up in Arms” About Proposed US Russian Sanctions Friday, Germany threatened to retaliate against the United States if new sanctions on Russia being proposed by the US Senate penalize German firms. The Senate bill, approved Thursday 98-2, includes new sanctions against Russia and Iran. And it foresees punitive measures against entities that provide material […]
‘The Greatest Story (Lie) Ever Told’ The uncompromising verdict of Dr Mörner is that all this talk about the sea rising is nothing but a colossal scare story (lie) If one thing more than any other is used to justify proposals that the world must spend tens of trillions of dollars on combating global warming, […]
President Trump Reverses Obama Era Policy Banning Offshore Drilling $USO, $UNG, $XOM, $CVX, $RDS.A President Donald Trump is preparing to issue an executive order with the goal of giving oil companies more opportunities to drill offshore, reversing Obama-era policies that restricted the activity. The offshore drilling directive is set to be issued soon, Interior Secretary […]
President Trump Declares a “New Era” Markets Respond, Yes! $DIA, $SPY, $QQQ, $VXX US President declared “the start of a new era” in energy production with the signing an executive order Tuesday that he said would revive the coal industry and create jobs. The move makes good on his campaign vow to unwind and shred former […]
Saudi Arabia is Keen on US President Trump’s pro-Crude Oil Policies $OIL, $USO, $UNG The Kingdom’s energy minister says Saudi Arabia may increase its investments in the US Saudi Arabia may increase its Crude Oil investments in the US due to a more fossil fuel-oriented energy policy by the Trump Administration, the Kingdom’s Energy Minister […]
Giant Oil & Gas Companies Qualify to Bid for Iran Resources $TOT, $RDS.A, $RDS.B, $E, $OZGBY, $SLB Iran’s Oil Ministry has published list of 29 international companies qualified to bid for Crude Oil and Nat Gas projects following the lifting of sanctions under a landmark Nuclear accord. The list published on the ministry’s website Monday […]
Obama’s Radical “Green”Agenda has Stalled US Infrastructure Development $COP, $TRP Oil and Gas company ConocoPhillips (NYSE:COP) requested a permit from the Obama Administration to launch an oil-drilling project in Alaska in early Y 2015. The drilling project, dubbed the Greater Mooses Tooth Development (GMTD), is located within the National Petroleum Reserve and would create thousands […]
Russia’s President Vladimir Putin Wanted Hillary Clinton for US President It is surprising that in this ongoing political debate more about the differences in energy policy and economic, military and social conditions are not being raised. During John McCain’s failed campaign the US was facing the prospect of 5.00 gal gasoline at the pump and […]
America Can Become The Global Energy Powerhouse $USO, $UNG The Shale revolution has put America on the path to becoming a global Crude Oil and Nat Gas powerhouse. The ability to find more buyers as US capacity increases at a competitive price will dictate how dominant the US will become as an energy power in […]
The Permian Basin’s Has a $900-B Gift to the World of Energy $USO, $UNG, $PXD, $COP, $FANG The Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp Formation, was found to hold 20-B bbls of Crude Oil trapped in 4 layers of shale beneath the […]
USGS Add 20-B bbls of Crude to US Reserves $USO, $UNG The Permian Basin of West Texas and southeastern New Mexico is one of the oldest and easily most productive oil regions in the country. The 1st Crude Oil was produced there in Y 1931, and the Permian has produced more than 28-B bbls of […]
Iran is open for business, what does it mean for GCC companies? In January this year, senior diplomats from around the world formally announced the lifting of sanctions against Iran. In principle this put a definitive end to 37 years of various degrees of sanctions imposed on the country. Boardrooms of global Fortune 500 companies […]
OPEC’s Job Now Tougher with Trump Win $CVX, $XOM, $RDS.A, $BP, $TOT, $OIL OPEC’s job of trying to prop up Crude Oil prices has just got much, much harder. With Donald Trump winning the US Presidential election, the 14-country Crude Oil-producing cartel may have to battle a sourer outlook for the global economy and weaker […]
The Ferrari 250GTO is the World’s Most Sought After Car $RACE Ferrari 250 GTO is most sought-after classic or vintage car due to its looks, rarity and performance Onls 36 were built by Italian manufacturer and this car, a Y 1962 Series 1 model was 2nd to roll off the line line at Marenello. It […]
UAE has ‘No Plans’ to Introduce Income Tax Projects in latest budget will not rely on new taxes or additional fees, finance ministry said The UAE has no plans to impose new taxes on individuals and the government is not studying the introduction of more fees for services, Younis al-Khouri, under-secretary at the finance ministry, […]
The Eurasian Century Is Now Unstoppable I recently returned from a fascinating 2 week speaking tour in China. The occasion was the international premier of my newest book, One Belt, One Road–China and the New Eurasian Century. In the course of my visit I was invited by China’s Northwest University in Xi’an to give […]
Iran’s Crude Oil Exports at Pre-sanctions Highs $OIL Iran, Libya and Nigeria are allowed to produce “at maximum levels that make sense” as part of any output limits Iran’s total Crude Oil and condensate sales likely reached around 2.8-M BPD in September nearly matching a Y 2011 peak in shipments before sanctions were imposed on […]
Donald Trump’s Fiscal Conservative Economic Plan Will Grow US GDP “Hillary Clinton’s economic plan will inhibit GDP growth.” Donald Trump’s economic plan will “significantly increase America’s real GDP growth rate” – resulting in trillions of dollars of additional revenues, according to a new study authored by iconic investor Wilbur Ross and Peter Navarro, a top […]
Donald Trump, “I will Introduce an America First Energy Plan” Donald Trump outlined his pro-Coal mining and fossil fuel election platform, telling an industry audience in Pittsburgh, PA that he will scrap the $5-T Obama-Clinton Climate Action Plan and the Clean Power Plan, and overhaul EPA regulations seen as strangling US, Coal, Oil & Gas […]
China Slashes Crude Oil Refinery Output on Sluggish Prices $OIL, $SHI, $PTR China’s Crude Oil output fell 9.9% Y-Y in August, the biggest monthly fall since Y 2003 as refineries slashed production amid sluggish global Crude Oil prices, data from the National Bureau of Statistics showed Monday. Imports have trended upward after private refineries were […]
Queensland’s Mineral Exploration Spending Dives The latest exploration statistics from the Australian Bureau of Statistics simply confirm that exploration in Queensland is “on its knees”. For the 4th year running, the annual spending on exploration for minerals in Queensland has declined. Just 4 years ago, Queensland was investing almost AU$250-M each Quarter in mineral exploration. […]
Qatar’s sovereign wealth fund has bought an almost 10% stake in the company that owns New York’s iconic Empire State Building, the official QNA news agency reported Wednesday. “Qatar Investment Authority (QIA) has acquired $622-M in shares in the Empire State Realty Trust,” the news agency said. The investment equates to a 9.9% stake in the […]
Thailand’s Oil Explorer PTTEP Selling Oman 44 Project The deal is expected to close in early Q-4 of Y 2016 Thailand’s largest Oil & Gas explorer, PTT Exploration and Production Pcl said Monday it will sell its Oman 44 Nat Gas project to ARA Petroleum LLC in a shift in investments in the Middle Eastern […]
Key Insights into the Growth of the Energy Sector $OIL, $USO, $UNG Here is the latest overview view on economic-growth fundamentals in the global energy sector The Key points are listed below, as follows: Growth in global energy demand will decelerate to 0.7% per year through Y 2050, a rate 30% slower than had been […]
Chinese Eager to Buy More Russian Crude Oil $OIL Russia is on track to set a new record in crude oil exports this year, and Iran is boosting exports to Europe, intensifying competition on the continent, which is a Key market for both countries. At the beginning of June, Russia has surprised analysts time over […]
Oman’s State Oil (PDO) Raises $4-B or Projects $JPM, $HHBC, $ING The amount raised will be used to finance construction of new facilities Petroleum Development Oman (PDO), the country’s top Oil & Gas exploration and production company, has obtained a $4-B loan from international banks, as low Crude Oil prices strain state finances. The 5-year […]
Cautiosystems, A Disruptive Environmental & Energy Saving Technology Last month, the US Environmental Protection Agency (EPA) announced the US government’s “1st-ever” set of standards to reduce methane emissions. The new regulations were criticized by environmentalist critics as not far-reaching enough. The Obama Administration proposed new regulations in January 2016 to cut the amount of Methane, a powerful Greenhouse […]
80% of Professionals Will Leave GCC if Income Tax Introduced VAT in the UAE will bring higher inflation, society of finance professionals says An overwhelming majority of finance professionals would leave the Gulf Cooperation Council (GCC) if income tax was implemented, research has revealed. In a study by CFA Society Emirates, 80% of the respondents said that […]
Energy Cooperation the Key Link to Russia-China Economic Tie-up Energy cooperation has become the ‘backbone” of the Russia-China economic partnership, as bi-lateral interaction is expected to speed up in all economic fields. Russian Deputy Prime Minister Arkady Dvorkovich expressed the confidence that bi-lateral economic cooperation would continue to grow steadily in various fields. “China is […]
