Tag Archives: Oil

Hollywood on the Potomac–movie actors deserting Tinseltown to remind the Big Dogs back east that every time an A-list celeb is arrested for picketing a foreign embassy an angel gets his wings.

Actor George Clooney, his father Nick, and four Congressional Democrats were among more than a dozen protesters who descended on the Sudanese Embassy on March 16 for the purpose of crossing, in a disorderly fashion, a police line.
The cast of characters? Along with Clooneys I and II, it included Reps. James Moran (D-VA), Jim McGovern (D-MA), John Olver (D-MA) and Al Green (D-TX). NAACP President Ben Jealous was also arrested, along with Martin Luther King III.
Clooney’s mid-day performance on Mass Ave was the finale to a 3-day tour in DC that included an impassioned plea to a standing-room-only crowd at the Council on Foreign Relations, and dramatic testimony delivered to the Senate Foreign Relations Committee about the miserable state of affairs in the border region of Sudan.
Omar al-Bashir’s military, operating out of Khartoum, is working assiduously to wipe out mostly Christian populations hunkered down on some highly contested, oil-rich real estate to the south.
Clooney, who has frequently taken on the role of the world-weary activist in his films, accuses Sudanese President Omar al-Bashir and the ‘same criminals responsible for Darfur’ of conducting a genocidal war against his own people, of starving, maiming, raping, and murdering them.

And he says it as if no one has ever heard it before. . .

Wide speculations about the possibility of military confrontation with Iran and Israel’s military intentions seem to be the order of the day. The debate on Iran has now found its way from mainstream media to leading academic institutions. Earlier this week at the University of Toronto a panel of experts discussed the increasing tensions between […]

The International Energy Agency has reduced its forecast for growth in oil demand in 2012 to 1.1 million barrels per day from 1.3 million bpd. The lower demand will stem from the weak economic conditions in the OECD nations, off-set in part by continued heavy demand from Asian consumers. As a result, global demand for […]

Any suspicions that the US went into Afghanistan to secure access to resources went out the window last week. On Wednesday, Tom A. Peter over at the Christian Science Monitor reported, “China’s National Petroleum Corporation became the first foreign company to tap into Afghanistan’s oil and gas reserves. Chinese officials have estimated that the deal could […]

With the arrival of December, it’s time to check the rear-view mirror to see where we have been in order to have some clue as to where we are going. In the energy realm, 2011 was the Year of the Three Fs: Fukushima, Fracking and Finance. Japan is used to earthquakes, and the odd tsunami […]

I recently came across two worthwhile pieces on Persian Gulf states punching above their weight. The first is a New York Times analysis of Qatar, the lil’ oil rich country that could: Qatar is smaller than Connecticut, and its native population, at 225,000, wouldn’t fill Cairo’s bigger neighborhoods. But for a country that inspires equal […]

The Keystone XL Pipeline extension proposed by TransCanada is current in planning limbo after the November 10 decision by the Obama administration not to make a decision on going ahead with or killing it. If and when built, it would bring crude from Alberta, Canada’s oils sands to the Gulf Coast of the US. The […]

The International Energy Agency’s chief economist, Fatih Birol, stated yesterday that the oil industry needs about $38 trillion in investment to meet global demand for energy through 2035. He was speaking at a two-day ministers’ meeting foreshadowing the contents of the World Energy Outlook, due out November 9. Breaking the figure down, $10.0 trillion is […]

Oil giant Exxon Mobil has secured a contract with Russia’s state oil company, Rosneft, to explore the floor of the Arctic Ocean for oil. At a surprise signing ceremony in Sochi, site of the coming Winter Olympics, Vladimir Putin stated, “The scale of the investment is very large. It’s scary to utter such huge figures.” […]

OPEC’s meeting in Vienna a couple days ago ended without the cartel agreeing on a production level. This hasn’t happened in years (if memory serves, the last time was during the Iran-Iraq War), and it has left many questioning the organization’s future. After 5 hours of talks, the Saudi Arabian Oil Minister Ali al-Naimi said, […]

Last week, Alberta’s Energy Minister Ron Liepert was in the US to promote his province’s energy sector. During breakfast at the Penn Club in Manhattan organized by the Canadian Consulate-General, he discussed a wide array of energy-related subjects. The message he had for US foreign policy was simply that Alberta (and by extension Canada as […]

In an update to the previous post, Russia is already accusing China of trying to fix market prices for the new Skovorodino-Daqing.  That’s very shocking, I know. Business Insider posted an article stating that the Russian government owned  pipeline company Transneft is not only accusing the Chinese National Petroleum Company (CNPC) of violating the terms […]

In the last installment of the two part “Trading with the Enemy” Series, this blog looked a serious issues of contention affecting Sino-American trade-relations, cyber-espionage and hacking.  Now we will examine a  little discussed area of discomfort,  trade between China and it’s very large northern neighbor, Russia.  Over the last two decades, the Sino-Russo “Cold […]

Wednesday, a Liberian-flagged tanker sailed out of Libya’s northeastern port of Marsa al-Hariga carrying one million barrels of oil. At spot prices, this means the cargo is worth $100 million. This represents a significant milestone for the anti-Khadafy forces based in and around Benghazi in the east (formerly known as Cyrenaica). Symbolically, this provides greater […]

On Saturday, Iraq’s new oil minister, Abdul Kareem Luaibi, announced that Iraq will recognize an array of oil deals signed by the Kurds in northern Iraq. Luaibi, who has been at the head of negotiations with the Kurdistan Regional Government also said in his statement that dialog “with our Kurdish brothers will continue in order to reach a resolution […]