Opec

T. Boone Pickens Dances the Saudi Oil Polka

Raymond J. Learsy | Posted 05.07.2012

Read More: Energy, Nansen Saleri, Cnbc, T. Boone Pickens, Opec, Gasoline Prices, Saudi Arabia, Maria Bartiromo, Oil, Aramco, Saudi Oil Reserves, Business News
Raymond J. Learsy

Oil prices were headed up, said Pickens, and then explained, well, the Saudis are maxed out. They can't produce more. And in one fell swoop, he gave the Saudis a free pass on the current oil price distortions and turned them from the OPEC cabal's malevolent gorgon into our heroic good guys.

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This Might Be The Most Effective Way To Kill Iran's Nuclear Program

Reuters | Posted 04.17.2012

Read More: Ministry of Land Transport and Maritime Affairs, Video, Marine Insurance, Crude Oil, Opec, Reuters, Oil, European Union, Iran, Iran Nuclear Program, Nanjing Tankers, COSCO Group, Reinsurance, Business News

* Few alternatives to Western ship insurance market * Asia govts mull sovereign guarantees for ship insurers * Chinese t...

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Of Oil Prices and Elephants

David Burwell | Posted 04.16.2012

Read More: Oil Prices, Oil, Gas Prices, Opec, Gas Tax, Oil Speculation, Oil Consumption, Price of Oil, Green News
David Burwell

The debate over gas prices is a parlor game played out in Washington at the start of the driving season every spring. Let's see if we can parse the arguments made by the proponents of the various "truths" about gasoline prices.

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Energy Secretary Chu And The Price You Are Paying For Gasoline

Raymond J. Learsy | Posted 04.18.2012

Read More: Energy, Gas Prices, Gas, Congress, Opec, Energy Secretary Steven Chu, Rep. Alan Nunnelee, Media, Wall Street Journal, Video, Steven Chu, Jad Mouawad, Oil, Oil Prices, New York Times, New York Times Energy Summit, Solyndra, Tom Friedman, Home News
Raymond J. Learsy

The price we are all paying at the pump or for heating oil was too mundane to be touched upon by Dr. Chu. A bit like leaving the aerie of the ivy covered halls of academe and getting your hands dirty on an oil rig.

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The Price of Oil: Saudi Hypocrisy, Our Gullibility

Raymond J. Learsy | Posted 05.29.2012

Read More: Oil, Oil Speculation, Opec Secretary General El-Badri, Opec, International Energy Agency, Saudi Oil Minister Al Naimi, Saudi King Abdullah, Business News
Raymond J. Learsy

One is compelled to pull out that old chestnut, "There he goes again." The personage of a Saudi oil spokesman entertaining us to one of his seminal dissertations, expounding on Saudi Arabia's concerns for the well being of all mankind.

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This Country Is Luxury's Latest Favorite

AP | YINKA IBUKUN | Posted 03.22.2012

Read More: Porsche, Savile Row, Video, Oil Industry, Opec, Arise Magazine Fashion Week, Centre for Public Policy Alternatives, Nigeria, Champagne, Forbes Magazine, London, Paris, Dubai, Globacom Ltd., Business News

LAGOS, Nigeria -- Glittering sapphire necklaces, designer suits against perfumed skin, the taste of freshly popped Champagne and the roar of a speedin...

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Obama Fulminates Over China's Export Restrictions on Rare-Earths While Silent On OPEC's Collusion

Raymond J. Learsy | Posted 05.18.2012

Read More: Rare-Earths, Kuwait, Nopec, President Obama, World, President Georgw W. Bush, Saudi Arabia, Anti-Trust Laws, Oil, Iran Oil Embargo, Congress, China, Opec, World News
Raymond J. Learsy

OPEC continues to practice its restraint of trade scot-free, with nary a word of condemnation given the influence of oil interests, the commodity exchanges, and our incredibly oblivious courts.

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U.S., U.K. Making Big Move On Oil Prices

Posted 03.15.2012

Read More: Obama Cameron, Gas Prices, Petroleum Reserves, Video, Strategic Petroleum Reserve, Opec, David Cameron, Cameron, Oil Stocks, Oil, Oil Prices, Obama, Oil Reserves, Politics News

By Richard Mably LONDON--Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two ...

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With Iran, How Hard Do Sanctions Really Bite?

Daniel J. Graeber | Posted 05.11.2012

Read More: Nuclear Weapons, Opec, Crude Oil, Royal Dutch Shell, Geopolitics, Iran Sanctions, Oil, European Union, Tehran, Iran, Iran Nuclear Program, Oil Embargo, World News
Daniel J. Graeber

Planned oil embargoes by the European Union could be seen as largely symbolic moves by opponents of the Islamic republic, though it's the pressure on Tehran's finances that appear to be striking the biggest blow.

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Oil vs. Morning in America

Brent Budowsky | Posted 05.01.2012

Read More: Gas Prices, Alternative Energy, Opec, Strategic Petroleum Reserve, Energy Security, Economic Growth, Oil Speculators, Bank Lending, Oil Prices, Oil, Economic Confidence, Business News
Brent Budowsky

Do not underestimate the potential political and economic power of the recovery that has begun. The economy still faces challenges, but the signs of recovery are real, growing and widening in scope.

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Oil Boom Wreaks Havoc On North Dakota Towns

AP | DALE WETZEL | Posted 03.28.2012

Read More: Census, North Dakota, Video, Oil Boom, Opec, Sen. Rich Wardner, Pta, Oil Revenues, Oil-Producing, Oil Companies, Ap, North Dakota State University, Business News

BISMARCK, N.D. (AP) — In the last two years, Williston school superintendent Viola LaFontaine has had to manage an influx of 480 new students brough...

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The New York Times Continues to Pump Up the Price of Oil to the Oil Industry's Joy

Raymond J. Learsy | Posted 04.12.2012

Read More: Energy, US Economy, Wall Street, Shale Gas, Saudi Arabia, Oil Prices, New York Times, Business, Opec, Commodity Futures Trading Commission, Exxon Mobil CEO Rex Tillerson, Media News
Raymond J. Learsy

The New York Times has become an important contributor to the public's baleful acceptance of having its pockets picked by oil interests.

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Green. Peace. The Netherlands Take the LEED.

Natalie Pace | Posted 02.29.2012

Read More: The Netherlands, Germany, Solar, Natalie Pace, Biofuel, Economy, Green, Obama, Euro, Opec, Peace, Leed, Health, Public Transportation, Oil, Amsterdam, Platinum, Clean Economy, Green News
Natalie Pace

There is much to be learned from the Dutch, who have found a way, through public and private partnerships, cultural indoctrination and political will to make green peace a part of daily life.

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The Climate Post: Surprise Deal Emerges at United Nations Climate Talks

Mason Inman | Posted 02.15.2012

Read More: Opec, Kyoto Protocol, Durban, Environment, Oil, Oil Prices, Climate Change, Greenhouse Gas Emissions, Cop17, Global Warming, Canada, China, Climate, Green News
Mason Inman

In a surprise turnaround, the UN climate talks produced a new deal to eventually curb global emissions moving forward.

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The Cowboys in Congress

Paul Heroux | Posted 02.01.2012

Read More: Oil, Oil Market, Iran, Michele Bachmann, US Congress, Opec, Iran Nuclear Weapons, US Senate, Politics News
Paul Heroux

What are the options for dealing with Iran's nuclear program? We can do nothing; but doing nothing isn't a real option. We can use our military to target Iran's nuclear sites, but this is bound to have unforeseen consequences. Or we can sanction Iran.

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Iran Threatens the Use of the 'Oil Weapon'

Raymond J. Learsy | Posted 01.21.2012

Read More: Energy, Politics, European Syrian Oil Embargo, Iran, Iran Oil Minister Rostam Qaesemi, World, Al Jazeera, Gulf Cooperation Council, Saudi Arabia, Oil, Business, Opec, World News
Raymond J. Learsy

The threat has now been made clear. Iran stands ready to withhold oil exports as a matter of policy if it feels it would be advantageous to its political goals and has now clearly put that option on the table.

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The Climate Post: Only Five Years Left to Make Transition to Low-Carbon Infrastructure

Mason Inman | Posted 01.14.2012

Read More: Tar Sands, Energy, White House, Australia, Carbon Tax, Opec, Greenhouse Gases, Renewable Energy, Climate Change, Subsidies, Europe, Solar Power, China, Canada, Green News
Mason Inman

The infrastructure built over the next five years could "lock in" enough emissions to push the world past its target for limiting warming to 2 degrees Celsius, according to the International Energy Agency's latest annual update of energy trends, World Energy Outlook.

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Exxon Profits Ironically Jump 41% While Our Government Snoozes Away

Raymond J. Learsy | Posted 01.03.2012

Read More: Rex Tillerson, Senate Finance Committee, Attorney General Holder, Solyndra, Exxon Mobil, Dept of the Interior, Obama Administration, Oil, Opec, Commodity Futures Trading Commission, Justice Department, NOPEC Bill, Politics, Jon Huntsman, Energy Department, Politico, Energy, Oil/Gas Pricing Fraud Panel, Business News
Raymond J. Learsy

Ironically, Exxon's significant increase in profits of late comes after its Chairman and CEO virtually pleaded in May with the pooh-bahs of the Senate Finance Committee to rein in the excessive speculation, if not manipulation, of oil on the commodity exchanges.

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Europe's Praiseworthy Syrian Oil Embargo. Why Not Now a U.N. World Embargo on Iran's Oil??

Raymond J. Learsy | Posted 12.03.2011

Read More: Energy, Syria, Politics, Europe, Iran, President Ahmadinejad, Weapons Mass Destruction, Hitler, Opec, Saudi Arabia, United Nations, Oil, New York Times, Nuclear Facilities, Business, World News
Raymond J. Learsy

Europe's bold embargo of Syrian oil and the impact it is beginning to have on the Syrian regime stands in stark contrast to the seemingly ineffective sanctions imposed by the United Nations on Iran in response to Tehran's clandestine nuclear program.

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The Half-Billion Solyndra Debacle -- Why Is Steven Chu Energy Secretary?

Raymond J. Learsy | Posted 11.26.2011

Read More: Energy, Dept. Of Energy, Gas Prices, Politics, President Obama, Strategic Petroleum Reserve, Nobel Prize, Solyndra, President Harry Truman, Oil, New York Times, Opec, Steven Chu Energy Secretary, Obama Administration, Business News
Raymond J. Learsy

Energy Secretary Steven Chu has impressive credentials, but he is sadly miscast for the rough and tumble, oft unforgiving world of oil and energy markets and its cast of malign actors

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EXTRA! EXTRA! Wall Street Journal and New York Times Finally Catch Up, Report "Peak Oil" Theory Is Bogus

Raymond J. Learsy | Posted 11.22.2011

Read More: Energy, West-Texas-Intermediate, World, Peak Oil, Opec, Saudi Arabia, NewYork Times, M. King Hubbert, Hubberts Peak, Oil, Opec-Secretary-General-Abdullah-Al-Badri, Daniel Yergin, Huffington Post, Brent Crude, Wall Street Journal, Business News
Raymond J. Learsy

Times are a changing. With "peak oil" finally in proper perspective the hegemony of OPEC over the oil market is starting to sunder. The ascendancy of oil production in many corners of the world is beginning to change the accepted rules of the market.

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Rick Perry President? A Primer on What a Texas Governor's Presidency Can Do For You and the Oil Industry

Raymond J. Learsy | Posted 11.12.2011

Read More: Strategic Petroleum Reserve, Sen. Levin, Cftc, Amtrak, King Abdullah, Congress, State of the Union Address, Business, High Speed Rail Lines, Opec, Department of the Interior, Dick Cheney, Texas, Goldman Sachs, Saudis, Earl Devaney, Sen. Lautenberg, Texas Governor Rick Perry, Iraq War, Oil, Rep. George Miller, Rep.Tom DeLay, Bear Stearns, Washington Post, Department of Energy, American Consumers, President George W. Bush, Saudi Arabia, Business News
Raymond J. Learsy

Would a Perry presidency be tempted to follow in this predecessor's footsteps? Given the incestuous interrelationship between Texas politics and oil, in many ways the Bush presidency becomes a cautionary tale.

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A Rick Perry Presidency? Get Ready for the Next Gas Spike

Raymond J. Learsy | Posted 11.06.2011

Read More: Energy, Bp, Oil Patch, Committee on Energy and Commerce, George W. Bush, Texas, Rep. Joe L. Barton, Opec, Business, Rick Perry, Dick Cheney, George H.W. Bush, Gulf Coast Oil Disaster, Halliburton, Saudi Arabia, Oil, Financial Crisis, King Fahd, Reagan Administration, Politics News
Raymond J. Learsy

Most worrisome about a Rick Perry presidency for those of us who don't live in Texas and are not engaged in the oil business is the prospect of staggeringly higher gasoline prices, and the impact that would have on the nation's economy.

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Jon Ward

Jon Huntsman's Jobs Plan Cements Shift From Green Republican To Energy Hawk

HuffingtonPost.com | Jon Ward | Posted 10.31.2011

Read More: Republican Presidential Candidate, Jon Huntsman, Oil Drilling, Oil Imports, Opec, Jon Huntsman Jobs Plan, Elections 2012, Drilling, Jobs Plan, Environmentalist, Global Warming, Politics News

WASHINGTON – As recently as June, an environmental website declared former Utah Gov. Jon Huntsman the "greenest" of the Republican presidential cand...

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$2 a Gallon Gas, Michele Bachmann? Aim Higher.

Adam Levin | Posted 10.25.2011

Read More: Energy, Gas Prices, Republican Candidates, Economy, Opec, Non-Renewable Energy, Michelle Bachman, Michele Bachmann, Price of Oil, Politics, Cpi, 2012 Election, Consumer Price Index, Price of Gas, Financial Crisis, Credit Card, $2 Dollar a Gallon, Politics News
Adam Levin

Michele Bachmann asserted that, if elected, she will fight to bring us back to the heady days of $2 per gallon gasoline. That's one hell of a campaign promise.

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