Tag: OPEC

OPEC Shuts Down Oil Shipments To U.S. Refiners: Iraqi Oil Surges

U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report by Bloomberg. Weekly crude imports from seven bloc nations dropped by 14 percent last week, the Energy Information Administration said. The fall brings import levels…

Russia In Surplus With No Adverse Impact From Politically Low Oil Prices Of 70$ Per Barrel ~ Alexey Ulyukayev

MOSCOW, November 28. /TASS/. Oil prices at about 70 U.S. dollars per barrel will have no adverse impact on Russia’s budget, Russian Minister of Economic Development Alexey Ulyukayev said in an interview with Russia’s television Channel One on Friday. He said a decline in the rouble’s exchange rate had mitigated impacts of plunging oil prices…

Deputy Prime Minister Shaharistani ~ Iraq’s Joe Biden: Iraq To Generate $6 Trillion In Energy Revenue With 250,000 New Jobs.

Iraq will invest around $ 500 billion in energy and linked industries with the help of the private sector by 2030, generating around $ 6 trillion in revenues, the Deputy Prime Minister for Energy said yesterday. Hussain Al Shahristani said the growth generated would create around 250,000 jobs for the war-torn country, which is trying…

Obama Administration Continues To Ban Offshore Drilling When Gasoline Is Climbing To $5/gallon.

Solar Minimum-Quiet Sun, Warns Of Deadly Cold And Snow Ahead: While British Controlled Air Waves, Pump Global Warming Lies! Transition from oil to renewable energy 100 years away, says Exxon Mobil Another Hundred Years Of A World Fueled By Oil – Wall Street Oil Will Dominate for Next 100 Years,  Shell Oil

United States Sitting On World’s Largest Untapped Oil Reserve!

+2 million Americans march against Obama on September 12, 2009 The United States is sitting on the world’s largest untapped oil reserve.  A natural resource that would not only mitigate the over $400 Billion sent overseas to other countries but could create untold millions of jobs and put the country on a sound financial footing. Breaking =>…