tag:blogger.com,1999:blog-22115098919884003562024-03-05T15:30:03.923-08:00PLATINUM WEALTH PARTNERS - Москва Bringing leading “realeconomik” insights regarding investing, finance, wealth management, markets, economics and related global concerns to international, regional, and local partners with communities in London, New York, Hong Kong, Zurich, Toronto, Tokyo,Moscow and Beverly Hills, California.Unknownnoreply@blogger.comBlogger145125tag:blogger.com,1999:blog-2211509891988400356.post-33871166707899493912021-05-30T08:25:00.000-07:002021-05-30T08:25:08.904-07:00Green Economy Impossible As Commdoties Decline and Prices Rise<p style="text-align: center;"> <b><span style="font-size: x-large;">COMMODITY RESOURCES DECLINE; PRICES CLIMB RAPIDLY</span></b></p><p style="text-align: center;"><b><span style="font-size: large;"><br /></span></b></p><p style="text-align: center;"><b><span style="font-size: large;"></span></b></p><div class="separator" style="clear: both; text-align: center;"><b><span style="font-size: large;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilnkm_SwHjftME0qQuGgbMbn-ltKwdCUI6RyzuKm-JPXZ-gF_UQxq7kACXs9l1Lw-PFwO2sq9lyJOS6kEkaBMgTAbZhcUIZWFIUrKK2Gkgs5xRVGjObQXiaXx_1JHXWSP_NjB1LljLdAQ/" style="margin-left: 1em; margin-right: 1em;"><img data-original-height="279" data-original-width="180" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilnkm_SwHjftME0qQuGgbMbn-ltKwdCUI6RyzuKm-JPXZ-gF_UQxq7kACXs9l1Lw-PFwO2sq9lyJOS6kEkaBMgTAbZhcUIZWFIUrKK2Gkgs5xRVGjObQXiaXx_1JHXWSP_NjB1LljLdAQ/w413-h640/image.png" width="413" /></a></span></b></div><b><span style="font-size: large;"><br />JUST A PIPE DREAM</span></b><p></p><p style="text-align: center;"><span style="font-family: georgia, serif; font-size: large;"><br /></span></p><p><span style="font-family: georgia, serif; font-size: large;">Here comes the</span><span style="font-family: georgia, serif; font-size: large;"> </span><a data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/watch?v%3DcdXdaIsfio8&source=gmail&ust=1622473716137000&usg=AFQjCNEYNiljKSf7jH7zzTugLjSFaJBDIw" href="https://www.youtube.com/watch?v=cdXdaIsfio8" style="color: #1155cc; font-family: georgia, serif; font-size: large;" target="_blank">BLIP.</a><span style="font-family: georgia, serif; font-size: large;"> </span><span style="font-family: georgia, serif; font-size: large;">As expected. So, go long metals and minerals. Agricultural commodities are also on the rise.</span><span style="font-family: georgia, serif; font-size: large;"> </span><a data-saferedirecturl="https://www.google.com/url?q=https://eresearch.fidelity.com/eresearch/goto/markets_sectors/landing.jhtml?bar%3Dp&source=gmail&ust=1622473716137000&usg=AFQjCNHzhTf3dqwVyIVcIJC5Tq26Ecu9PQ" href="https://eresearch.fidelity.com/eresearch/goto/markets_sectors/landing.jhtml?bar=p" style="color: #1155cc; font-family: georgia, serif; font-size: large;" target="_blank">See Fidelity charts.</a><span style="font-family: georgia, serif; font-size: large;"> Plus, long bonds are collapsing - so the build-up in inflationary pressures is self-evident. </span></p><div class="gmail_default" style="font-family: georgia, serif; font-size: large;"><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;">Not good as it may also cause the US dollar to lose its reserve currency status, leaving us ironically with Elon Musk and those crazy Bitcoins and Dogecoins as global currencies. Where is the FED?</div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;"><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large; text-align: center;"><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0lJxArx-bKJjxjy7F6Qi87JF3QzUYVanhHmTkO-ZGlDckRoM1FRVdmrbacYXl2cZEandaPvWZ04Euk94rCcuG4dJs2T5aRYN4wdutbTw7Nm0U63dBcUJy0ybVKF5gRzYoTjMqqMTds9Q/" style="margin-left: 1em; margin-right: 1em;"><img data-original-height="168" data-original-width="300" height="358" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0lJxArx-bKJjxjy7F6Qi87JF3QzUYVanhHmTkO-ZGlDckRoM1FRVdmrbacYXl2cZEandaPvWZ04Euk94rCcuG4dJs2T5aRYN4wdutbTw7Nm0U63dBcUJy0ybVKF5gRzYoTjMqqMTds9Q/w640-h358/image.png" width="640" /></a></div><br /><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;"><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;"><a data-saferedirecturl="https://www.google.com/url?q=https://www.theguardian.com/business/2021/may/15/record-metals-boom-may-threaten-transition-to-green-energy?utm_term%3De418239c90a2a51435451c6d744597b6%26utm_campaign%3DBusinessToday%26utm_source%3Desp%26utm_medium%3DEmail%26CMP%3Dbustoday_email&source=gmail&ust=1622473716137000&usg=AFQjCNGjSRcgGdpYauxF9Txv4-QSTZCORQ" href="https://www.theguardian.com/business/2021/may/15/record-metals-boom-may-threaten-transition-to-green-energy?utm_term=e418239c90a2a51435451c6d744597b6&utm_campaign=BusinessToday&utm_source=esp&utm_medium=Email&CMP=bustoday_email" style="color: #1155cc;" target="_blank">https://www.theguardian.com/<wbr></wbr>business/2021/may/15/record-<wbr></wbr>metals-boom-may-threaten-<wbr></wbr>transition-to-green-energy?<wbr></wbr>utm_term=<wbr></wbr>e418239c90a2a51435451c6d744597<wbr></wbr>b6&utm_campaign=BusinessToday&<wbr></wbr>utm_source=esp&utm_medium=<wbr></wbr>Email&CMP=bustoday_email</a><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;"><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;">This could moreover make a transition to a so-called Green Economy virtually impossible both physically and economically. What happens when we run out of everything?</div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;"><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;"><br style="background-color: white; color: #222222;" /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghIXi50D2p5AqAwq3q6tkvOq7JO2jbVjFQW3cafV-ZeoeGoJCWX687GpkSnt3Azi_riFv2AcyecopiectDSBCXp0bTh5XvX4NeopnOlYuPnStGpnSTI6-G3RELy0KofGPpARPEaaxpCDw/" style="margin-left: 1em; margin-right: 1em;"><img data-original-height="150" data-original-width="150" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghIXi50D2p5AqAwq3q6tkvOq7JO2jbVjFQW3cafV-ZeoeGoJCWX687GpkSnt3Azi_riFv2AcyecopiectDSBCXp0bTh5XvX4NeopnOlYuPnStGpnSTI6-G3RELy0KofGPpARPEaaxpCDw/w400-h400/image.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: left;">Dr. Peter G Kinesa</div><div class="separator" style="clear: both; text-align: left;">Cheif Realeconomist</div><div class="separator" style="clear: both; text-align: left;">First Financial Insights Inc.</div><br /><br /></div><div class="gmail_default" style="font-family: georgia, serif; font-size: large; text-align: center;"><br /></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-66340668845774373852021-05-29T08:20:00.004-07:002021-05-29T08:20:23.104-07:00COVID 19 VACCINES - THE DEVIL'S BARGAIN<p> </p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWsyA2LHd46dGd0xZLATx7-bgGv8il_CX2wD5kMp-mcGJPvI7uDXIVuUk0942TaZQvyX2vSDuff_L6mGqJPRIC8Th3ritjWyqzvbUYFKHB1TyLSU6H5QVjKpsjGY6O9n3qaWhonz12Mq5i/" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="194" data-original-width="259" height="438" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWsyA2LHd46dGd0xZLATx7-bgGv8il_CX2wD5kMp-mcGJPvI7uDXIVuUk0942TaZQvyX2vSDuff_L6mGqJPRIC8Th3ritjWyqzvbUYFKHB1TyLSU6H5QVjKpsjGY6O9n3qaWhonz12Mq5i/w584-h438/image.png" width="584" /></a></div><br /><br /><p></p><p><span face="verdana, sans-serif" style="background-color: white; color: #222222; font-size: large;">Good Afternoon</span></p><div class="gmail_default" style="background-color: white; color: #222222; font-family: georgia, serif; font-size: large;"><div class="gmail_default"><div style="padding: 20px 0px 0px;"><span face="verdana, sans-serif" style="font-size: medium;">Bottom Line - Who do we trust - BIG PHARMA? Governments? Medical Professionals?</span></div><div style="padding: 20px 0px 0px;"><span face="verdana, sans-serif" style="font-size: medium;">What is clear from the attached videos and <a data-saferedirecturl="https://www.google.com/url?q=https://www.goodreads.com/shelf/show/big-pharma&source=gmail&ust=1622381971588000&usg=AFQjCNGuRgv_nfcoTmYdClRDJ4e_hohQxw" href="https://www.goodreads.com/shelf/show/big-pharma" style="color: #1155cc;" target="_blank">many books </a>that were written on the subject; we are dealing with a HUGE criminal organization - BIG PHARMA - set to make<a data-saferedirecturl="https://www.google.com/url?q=https://www.forbes.com/sites/forbesdigitalcovers/2021/05/14/virus-book-excerpt-nina-burleigh-how-the-covid-19-vaccine-injected-billions-into-big-pharma-albert-bourla-moncef-slaoui/&source=gmail&ust=1622381971588000&usg=AFQjCNEZevTaSdLmr0Hnv6TsGcfGr6Qfng" href="https://www.forbes.com/sites/forbesdigitalcovers/2021/05/14/virus-book-excerpt-nina-burleigh-how-the-covid-19-vaccine-injected-billions-into-big-pharma-albert-bourla-moncef-slaoui/" style="color: #1155cc;" target="_blank"> billions upon billions in profits</a> at any costs; including <a data-saferedirecturl="https://www.google.com/url?q=https://www.bbc.com/news/business-54636002&source=gmail&ust=1622381971588000&usg=AFQjCNGLbf70xg8xEClXeKgwXFNKzz65TA" href="https://www.bbc.com/news/business-54636002" style="color: #1155cc;" target="_blank">our lives </a>- and there is no one out there to look out for our interests. </span></div><div style="padding: 20px 0px 0px;"><span face="verdana, sans-serif" style="font-size: medium;">In addition to these videos, where you will learn about their widespread corruption and cronyism - you will also hear from highly-regarded International Doctors about how these vaccines may even undermine the very structure of our immune system, thereby leaving people unprotected or seriously exposed to future side effects, viruses, or worse.</span></div><div style="padding: 20px 0px 0px;"><span face="verdana, sans-serif" style="font-size: medium;">It is also important to note that BIG PHARMA is protected from any form of litigation from such side-effects under so-called <a data-saferedirecturl="https://www.google.com/url?q=https://www.fda.gov/regulatory-information/search-fda-guidance-documents/emergency-use-authorization-vaccines-prevent-covid-19&source=gmail&ust=1622381971588000&usg=AFQjCNFWIuiylK9xRtj8s8x3UCnUDlI2rA" href="https://www.fda.gov/regulatory-information/search-fda-guidance-documents/emergency-use-authorization-vaccines-prevent-covid-19" style="color: #1155cc;" target="_blank">emergency measures </a>- that in itself speaks volumes. You can smell a rat a mile away. And let us also never forget the ole adage - ' <i>haste makes waste.'</i></span></div><div style="padding: 20px 0px 0px;"><span face="verdana, sans-serif" style="font-size: medium;">Please carefully consider this information and judge accordingly. Here are some critical questions one may also consider asking their clinicians;</span></div><div style="padding: 20px 0px 0px;"><span style="font-family: georgia, serif; font-size: x-large;"><i>What are the potential near-term adversities or negative reactions? Where is the case ( RCTs*) evidence? Who funds the FDA? (<b>Surprise!</b>)</i></span></div><div style="padding: 20px 0px 0px;"><span style="font-family: georgia, serif; font-size: x-large;"><i>What are the near-term benefits for persons with a healthy immune system? ( e.g. children under 12 and others?) And what are their long-term risks?</i></span></div><div style="padding: 20px 0px 0px;"><i style="font-size: xx-large;">Why is no one educating and compelling us to optimize our immune systems and <a data-saferedirecturl="https://www.google.com/url?q=https://www.nutraingredients.com/Article/2020/12/21/Experts-send-Vitamin-D-and-Covid-19-open-letter-to-world-s-governments&source=gmail&ust=1622381971588000&usg=AFQjCNFqUP8hAY7rh0wMZQpikif32lWt4A" href="https://www.nutraingredients.com/Article/2020/12/21/Experts-send-Vitamin-D-and-Covid-19-open-letter-to-world-s-governments" style="color: #1155cc;" target="_blank">ensuring we are not Vitamin D Deficient as recently recommended by hundreds of the world-leading Doctors?</a> Is it because there is no crony money in these mitigation measures for BIG PHARMA? </i></div><div style="padding: 20px 0px 0px;"><span style="font-family: georgia, serif; font-size: x-large;"><i>And most importantly - <b>what are the vaccine's <a data-saferedirecturl="https://www.google.com/url?q=https://www.amazon.com/Side-Effects-Death-Confessions-Pharma-Insider/dp/151516425X&source=gmail&ust=1622381971588000&usg=AFQjCNG884WrPLIWvuqcGQYEKsXDXucAdw" href="https://www.amazon.com/Side-Effects-Death-Confessions-Pharma-Insider/dp/151516425X" style="color: #1155cc;" target="_blank">long-term side effects</a> and health risks? </b>( a possibly corrupted immune structure and system?)</i></span> <span style="font-family: georgia, serif; font-size: x-large;"><i> </i></span></div><div style="padding: 20px 0px 0px;"><span face="verdana, sans-serif" style="font-size: medium;">What is self-evident is that no one on the planet can possibly answer the last query - as simply </span><span face="verdana, sans-serif">not enough time has lapsed to do so - not even for the Devil himself.</span></div><div style="padding: 20px 0px 0px;"><span face="verdana, sans-serif">* Random Clinical Trials</span></div><div style="padding: 20px 0px 0px;"><br /></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><b>DEVIL'S BARGAIN</b></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVDC2-8uaKfYpEcaIKSTUwQrJ5sXzrbFRb5mQmAU6hNAYfSUu6XXNW7R8hZ8HyAMPhNil8IVXdKV5n8xN33DGq5CUmgILuoEwhHAO5QS-JjI4PJzF4KNjMg5g4MEFkswDquK4Z2usHKnps/" style="margin-left: 1em; margin-right: 1em;"><img alt="" data-original-height="278" data-original-width="181" height="543" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVDC2-8uaKfYpEcaIKSTUwQrJ5sXzrbFRb5mQmAU6hNAYfSUu6XXNW7R8hZ8HyAMPhNil8IVXdKV5n8xN33DGq5CUmgILuoEwhHAO5QS-JjI4PJzF4KNjMg5g4MEFkswDquK4Z2usHKnps/w352-h543/image.png" width="352" /></a></div><br /><br /></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><span style="font-size: x-large;"><b>BIG PHARMA</b></span></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><span style="font-size: x-large;"><b><br /></b></span></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><b><span style="color: red; font-size: medium;">LISTEN AND LEARN</span></b></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><h1 style="background: rgb(249, 249, 249); border: 0px; font-family: Roboto, Arial, sans-serif; font-weight: 400; margin: 0px; overflow: hidden; padding: 0px;"><span style="word-break: break-word;">Perspectives on the Pandemic </span></h1><div><span style="word-break: break-word;"><br /></span></div><h1 style="background: rgb(249, 249, 249); border: 0px; font-family: Roboto, Arial, sans-serif; font-weight: 400; margin: 0px; overflow: hidden; padding: 0px;"><span style="word-break: break-word;">"The Illusion of Evidence-Based Medicine" </span></h1></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><a data-saferedirecturl="https://www.google.com/url?q=https://youtu.be/UAEAWyfuEWY&source=gmail&ust=1622381971588000&usg=AFQjCNGt9pejAEbYSMkngVlOo75sfKYZEg" href="https://youtu.be/UAEAWyfuEWY" style="color: #1155cc;" target="_blank"><span style="font-size: medium;">https://youtu.be/UAEAWyfuEWY</span></a><span style="font-size: x-large;"><b><br /></b></span></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><h1 style="background: rgb(249, 249, 249); border: 0px; font-family: Roboto, Arial, sans-serif; font-weight: 400; margin: 0px; overflow: hidden; padding: 0px;"><span style="word-break: break-word;">"Blood Clots and Beyond" </span></h1><div><span style="word-break: break-word;"><br /></span></div></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><span style="font-size: medium;"><a data-saferedirecturl="https://www.google.com/url?q=https://youtu.be/pyPjAfNNA-U&source=gmail&ust=1622381971588000&usg=AFQjCNHq74QHA1wogVyrFYdQFYdtuj-wBw" href="https://youtu.be/pyPjAfNNA-U" style="color: #1155cc;" target="_blank">https://youtu.be/pyPjAfNNA-U</a></span><br /></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px; text-align: center;"><br /></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px;"><i><span style="font-size: x-large;">Be Wise, Be Safe</span></i></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; padding: 20px 0px 0px;"><span style="font-size: x-large;">TM</span></div><div style="padding: 20px 0px 0px;"><span face="Roboto, RobotoDraft, Helvetica, Arial, sans-serif" style="font-size: medium;"><b>PS:</b> </span><span face="verdana, sans-serif" style="font-size: medium;">Lets us also not also forget that we have MUCH BIGGER and more important matters to deal with by a country mile. The <a data-saferedirecturl="https://www.google.com/url?q=http://nsidc.org/arcticseaicenews/&source=gmail&ust=1622381971588000&usg=AFQjCNG2mNaxjlbLSW7ei3fE8o9xvdETiw" href="http://nsidc.org/arcticseaicenews/" style="color: #1155cc;" target="_blank">Arctic Ice </a>is rapidly melting and we may soon experience a <a data-saferedirecturl="https://www.google.com/url?q=https://www.scientistswarning.org/2020/06/04/blue-ocean-event/&source=gmail&ust=1622381971588000&usg=AFQjCNHsRXvhQ9XGQFv3Cw-ihKYjkvFjhA" href="https://www.scientistswarning.org/2020/06/04/blue-ocean-event/" style="color: #1155cc;" target="_blank">BLUE OCEAN EVENT</a> within the next three years. When it ultimately occurs - then all bets are off, </span></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; font-size: 0.875rem; padding: 20px 0px 0px;"><br /><table cellpadding="0" style="border-collapse: collapse; display: block; font-size: 0.875rem; letter-spacing: 0.2px; margin-top: 0px; width: auto;"><tbody style="display: block;"><tr style="display: flex; height: auto;"><td style="display: block; line-height: 20px; margin: 0px; max-height: 20px; padding: 0px; vertical-align: top; white-space: nowrap; width: 647.438px;"><table cellpadding="0" style="border-collapse: collapse; table-layout: fixed; width: 647px;"><tbody><tr><td style="display: flex; margin: 0px;"><h3 style="color: #5f6368; font-size: 0.75rem; font-weight: inherit; letter-spacing: 0.3px; line-height: 20px; margin: inherit; overflow: hidden; text-overflow: ellipsis;"><span name="un-Denial" style="color: #202124; display: inline; font-size: 0.875rem; font-weight: bold; letter-spacing: 0.2px; line-height: 20px; vertical-align: top;">un-Denial</span> <span style="color: #555555; vertical-align: top;"><<a href="mailto:comment-reply@wordpress.com" style="color: #1155cc;" target="_blank">comment-reply@<wbr></wbr>wordpress.com</a>></span></h3></td></tr></tbody></table></td><td style="display: block; margin: 0px; max-height: 20px; text-align: right; vertical-align: top; white-space: nowrap;"><div style="display: flex; padding: 0px;"><span alt="21 May 2021, 15:26" id="m_5322190319493997856gmail-m_4009692340693180670m_-1324967124613436475m_-6244907854240189648gmail-:rx" style="color: #5f6368; display: block; font-size: 0.75rem; letter-spacing: 0.3px; line-height: 20px; margin: 0px; vertical-align: top;" title="21 May 2021, 15:26">21 May 2021, 15:26 (7 days ago)</span><div style="display: inline-block; height: 20px; margin-left: 20px; outline: 0px;"><span style="border: none; display: inline-flex; height: 20px; margin: 0px; outline: none; padding: 0px; text-align: center; width: 20px;"></span></div></div></td><td style="display: flex; margin: 0px; text-align: right; vertical-align: top; white-space: nowrap;"></td><td rowspan="2" style="display: block; margin: 0px; max-height: 20px; text-align: right; vertical-align: top; white-space: nowrap;"><div style="background: transparent; border-radius: 2px 0px 0px 2px; border: none; color: #444444; display: inline-flex; font-size: 0.875rem; height: 20px; line-height: 18px; margin: 0px 0px 0px 20px; min-width: 0px; outline: none; padding: 0px; text-align: center;"><img alt="" class="CToWUd" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEjnWV995ee5SAnPeKs-TDPQxPgWBuwo4UHA4_pfgdO1IlCFcI0Pc5JQEOWV4V4j4faIuWXmgwfdL_G5dv6cwCo8pQkjcabXepUgc7EX1eQ-oN7Uixcc6HvH5udEhB0cA6cOE7qtuhaOFjNONeWstXFld9Z5YQ=s0-d-e1-ft" style="background-attachment: initial; background-clip: initial; background-color: initial; background-origin: initial; background-position: 50% 50%; background-repeat: no-repeat; background-size: 20px; background: url("https://blogger.googleusercontent.com/img/proxy/AVvXsEjstdghbbq42Ww05qYjdy_9H_3ITXtTJGJ8mdjya55ygwuQtbXIxORV5lKT3vQW66gKsGddJWJMPyosLt_42hAzmWdLWJ5gVhkJscknWcn674oDSg6mi3RMRtgMiyrzxN89AR_p-PL61ujaTGP6hIoAvPEb1oCJPh9zRfpfWfRCeZIvRjWfgTSdzlqjyzuZ0w=s0-d-e1-ft") 50% 50% / 20px no-repeat; display: inline-block; height: 20px; margin: 0px; opacity: 0.7; padding: 0px; vertical-align: middle; width: 20px;" /></div><div id="m_5322190319493997856gmail-m_4009692340693180670m_-1324967124613436475m_-6244907854240189648gmail-:qn" style="background: transparent; border-radius: 0px 2px 2px 0px; border: none; color: #444444; display: inline-flex; font-size: 0.875rem; height: 20px; line-height: 18px; margin: 0px 0px 0px 20px; min-width: 0px; outline: none; padding: 0px; text-align: center;"><img alt="" class="CToWUd" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEjnWV995ee5SAnPeKs-TDPQxPgWBuwo4UHA4_pfgdO1IlCFcI0Pc5JQEOWV4V4j4faIuWXmgwfdL_G5dv6cwCo8pQkjcabXepUgc7EX1eQ-oN7Uixcc6HvH5udEhB0cA6cOE7qtuhaOFjNONeWstXFld9Z5YQ=s0-d-e1-ft" style="background-attachment: initial; background-clip: initial; background-color: initial; background-origin: initial; background-position: 50% 50%; background-repeat: no-repeat; background-size: 20px; background: url("https://blogger.googleusercontent.com/img/proxy/AVvXsEicWdT_Uq0gmj7cKjv9bhyurZsHyBs2js2SqEDMhlx2mBEXwNUjbpVoP_BxsyNP9JJEtEyJyumYnOzuGVnfQ9zqj1R3-0mwX7HvPXIgV3_HUhXnhcQbwUNNpe0IjmOrXJyZqfRKXMJeJoWKJis1FrKNkqQ51KkWdJLzsqzxePn4ZoZDaBfgAbHr_R7N0HRZOjbZRrY=s0-d-e1-ft") 50% 50% / 20px no-repeat; display: inline-block; height: 20px; margin: 0px; opacity: 0.7; padding: 0px; vertical-align: middle; width: 20px;" /></div></td></tr><tr style="display: flex; height: auto;"><td colspan="3" style="margin: 0px;"><table cellpadding="0" style="border-collapse: collapse; table-layout: fixed; white-space: nowrap; width: 950px;"><tbody><tr><td style="display: flex; line-height: 20px; margin: 0px; overflow: visible; text-overflow: ellipsis;"><div style="display: inline-block; max-width: 92%; overflow: hidden;"><span style="color: #5f6368; font-size: 0.75rem; letter-spacing: 0.3px; line-height: 20px; vertical-align: top;">to <span name="me" style="vertical-align: top;">me</span></span></div><div id="m_5322190319493997856gmail-m_4009692340693180670m_-1324967124613436475m_-6244907854240189648gmail-:ro" style="border: none; display: inline-flex; margin-left: 4px; outline: none; vertical-align: top;"><img alt="" class="CToWUd" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEjnWV995ee5SAnPeKs-TDPQxPgWBuwo4UHA4_pfgdO1IlCFcI0Pc5JQEOWV4V4j4faIuWXmgwfdL_G5dv6cwCo8pQkjcabXepUgc7EX1eQ-oN7Uixcc6HvH5udEhB0cA6cOE7qtuhaOFjNONeWstXFld9Z5YQ=s0-d-e1-ft" style="background-attachment: initial; background-clip: initial; background-color: initial; background-origin: initial; background-position: 50% 50%; background-repeat: no-repeat; background-size: 20px; background: url("https://blogger.googleusercontent.com/img/proxy/AVvXsEhyFsVTh6cuLTvnM0a_f1ba9C3QRDWZhT-7xDGXVG8gCe7sQXf2zPhyphenhyphennpMK2fndS-DVUhIo_OijIOuOVtwRCfK-QZGEHjnTQeUrA9VNw8HbsnJ9QnSnDFH7_9eL6sbYkVGhRFOuDFANSCAVEji0NoThNCiWJFnpebEd5gDsp6a6yVX4wVnHIyegl0hYXoAqjP7ryO_xh-y6Mps=s0-d-e1-ft") 50% 50% / 20px no-repeat; border: none; display: flex; height: 20px; margin: 0px 0px 0px auto; opacity: 0.71; padding: 0px; vertical-align: baseline; width: 20px;" /></div></td></tr></tbody></table></td></tr></tbody></table></div><div id="m_5322190319493997856gmail-m_4009692340693180670m_-1324967124613436475m_-6244907854240189648gmail-:qx" style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; font-size: medium;"><div></div><div></div><div></div><div></div></div><div style="font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; 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width: 100%px;"><tbody><tr><td align="center" style="color: #555555; font-size: 10px; margin: 0px;">Respond to this post by replying above this line</td></tr></tbody></table><div style="direction: ltr; margin: 0px auto; max-width: 600px; overflow: hidden;"><table bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" style="background-color: white; margin: 0px auto; max-width: 1024px; min-width: 320px; width: 600px;"><tbody><tr><td style="margin: 0px;"><table border="0" cellpadding="0" cellspacing="0" style="background-color: #43a4d0; background-image: url("https://blogger.googleusercontent.com/img/proxy/AVvXsEgSFlym2nMoc8Us-pufhVdc1_F8QI_FOdF_RpV-0jGxv86hKRumRSe5B3McMLk9SZfEdklvrLW5hg9rgBOElRdrHnMFzRucsHK1n1iXXS-tS6yBV4pFI_37Uz2HVr8B0xVmvUf6Yww=s0-d-e1-ft"); background-repeat: repeat-x; height: 8px; width: 600px;"><tbody><tr><td style="margin: 0px;"></td></tr></tbody></table><table border="0" cellpadding="0" cellspacing="0" style="background-color: #efefef; border-bottom: 1px solid rgb(221, 221, 221); 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vertical-align: top; white-space: nowrap; width: 60px;"><a data-saferedirecturl="https://www.google.com/url?q=http://un-denial.com/author/robmielcarski/&source=gmail&ust=1622381971589000&usg=AFQjCNE0dwrXuhQO_EU98Oh_aJbdzHM5Dg" href="http://un-denial.com/author/robmielcarski/" style="color: #2585b2; display: block; margin-right: 10px;" target="_blank"><img alt="" border="0" class="CToWUd" height="50" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEg9Z9e6CYTKpeoErbLYZjxjxKMGrW5xy6FLavwENp-OiS1rOm3XTPAI4hYp3QKxU2cWKi6VCU2T-VxRJc11fxtB7eqlg3KN_3PCXmv0nzZVVFsrF3MvKDsApWYh0Msgda_lbZiKk0A5H8hRKvz0NRnkqlN_uvJxOSW0BmI-2ATRU52tPYcAd6B0AGcFyfxMnywuANQzBAO3r9pp9fPDwIOve-9S4tjsHo5a1Ru7mmaujneqX1HwyvuASRJ_h1ombhZ-INFJSePH5j_QEBZYhRpwF8ZdpeIx74WBtDrY=s0-d-e1-ft&d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D50&r=PG" width="50" /></a></td><td style="margin: 0px;"><h2 style="color: #555555; font-size: 20px; margin: 0px;"><a data-saferedirecturl="https://www.google.com/url?q=http://un-denial.com/2021/05/21/how-to-have-a-difficult-conversation-about-vaccination/&source=gmail&ust=1622381971589000&usg=AFQjCNHLR18pPFxd_LO0zOCHw3ahqo5oXA" href="http://un-denial.com/2021/05/21/how-to-have-a-difficult-conversation-about-vaccination/" style="color: #2585b2; text-decoration-line: none;" target="_blank">How to Have a Difficult Conversation about Vaccination</a></h2><span style="color: #888888;">by <a data-saferedirecturl="https://www.google.com/url?q=http://un-denial.com/author/robmielcarski/&source=gmail&ust=1622381971589000&usg=AFQjCNE0dwrXuhQO_EU98Oh_aJbdzHM5Dg" href="http://un-denial.com/author/robmielcarski/" style="color: #888888;" target="_blank">Rob Mielcarski</a></span></td></tr></tbody></table><div style="direction: ltr; margin-top: 1em; max-width: 560px;"><div style="direction: ltr;"><img alt="" border="0" class="CToWUd a6T" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEjvlgVjHSyDa47GLjsAJlwSzruo58zVe5uS5sMnYctkQMPyZfnCt95y599ybBEHQGJuWnCMcCArbUJLLNI3ln4XCnD3LE8v8rvOCjuIHGQFScbotP_0QLsNRb7ac8YR6nE1S_Va0ed4mAtZyet_OysfZCQrarWljVa3mg4OyvO96GkoWdAIIQRVsKFr6k5k=s0-d-e1-ft" style="border-radius: inherit; cursor: pointer; height: auto; margin-bottom: 12px; max-width: 100%; outline: 0px;" tabindex="0" /><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">I've decided to wait a little longer before being vaccinated, so that I can observe and weigh rapidly accumulating evidence for and against vaccination.</p><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">I'm feeling social pressure to get vaccinated, and I expect that pressure to increase, so I've been thinking about how to discuss this divisive topic with people that I care about. My plan follows.</p><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">I will start by acknowledging that we share common goals:</p><ul style="color: #444444; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em 1em; padding: 0px;"><li style="line-height: 1.4em; margin-left: 1em;">prevent serious sickness and death</li><li style="line-height: 1.4em; margin-left: 1em;">resume normal activities as soon as possible</li><li style="line-height: 1.4em; margin-left: 1em;">do what is best for the majority of citizens</li></ul><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">Then I will carefully articulate that I understand what the other person believes:</p><ul style="color: #444444; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em 1em; padding: 0px;"><li style="line-height: 1.4em; margin-left: 1em;">vaccination prevents serious sickness and death</li><li style="line-height: 1.4em; margin-left: 1em;">vaccination reduces spread of the virus</li><li style="line-height: 1.4em; margin-left: 1em;">vaccination discourages the emergence of new more dangerous variants</li><li style="line-height: 1.4em; margin-left: 1em;">vaccination protects against variants, and if protection fails in the future for a new variant, can be remedied with a new booster vaccine</li><li style="line-height: 1.4em; margin-left: 1em;"><strong>therefore, a person who does not get vaccinated is being irresponsible by increasing the risk to both vaccinated and unvaccinated citizens</strong></li></ul><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">Then I will confirm that I understand why they have these beliefs:</p><ul style="color: #444444; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em 1em; padding: 0px;"><li style="line-height: 1.4em; margin-left: 1em;">health authorities and political leaders in almost all countries of the world are communicating that these beliefs are true</li><li style="line-height: 1.4em; margin-left: 1em;">all of the mainstream news media supports these views</li><li style="line-height: 1.4em; margin-left: 1em;">there is an aggressive worldwide campaign underway to vaccinate most citizens</li><li style="line-height: 1.4em; margin-left: 1em;">countries with the highest vaccination rates have to date shown the most improvement in cases and sickness</li></ul><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">Then I will identify the source of my concern that our vaccination policy may be a mistake:</p><img alt="" border="0" class="CToWUd a6T" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEgUrOtzIi3FHaNIBDxNUG30rK3Tlyg1pTQGHvVDWatmBbHuczGXC-idp3n9X5JgOIuQTgnkwYuCzn2bRx3z2kMNRAdc5_JiWSseuEIjDZpLdUSFfJFXwmpwT9DK85WvSJa0HJ3t4N7CGV8sQzGGBYEC1A_kZu-DntpSA67ePaMGN6CoFiKl8GC24GrRS4bUr-_gS3jm6D7-uilJB8Qp_uurTL3F5WdREtOyBJwxjEPJbou38ZgctYbit0TeilHSW2GjK8ls6c1i1LNfXN1OYRdUjsUQ6FYqiMml_XkjNVEm-r67SyTwPb5sAYgTn6dqHYKkSA=s0-d-e1-ft&v=beta&t=OfX7sCa0CDVldeV8T1fFOSqhbgJMfQ6-bZAvEcn8GiI" style="border-radius: inherit; cursor: pointer; height: auto; margin-bottom: 12px; max-width: 100%; outline: 0px;" tabindex="0" /><ul style="color: #444444; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em 1em; padding: 0px;"><li style="line-height: 1.4em; margin-left: 1em;">Dr. Geert Vanden Bossche is a vaccine expert with 30 years experience developing vaccines (<a data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/geertvandenbossche/&source=gmail&ust=1622381971589000&usg=AFQjCNF-b35LMf1Bdkn4p55-vg3MRh1xVw" href="https://www.linkedin.com/in/geertvandenbossche/" rel="noreferrer noopener" style="color: #2585b2;" target="_blank">https://www.linkedin.com/in/<wbr></wbr>geertvandenbossche/</a>)</li><li style="line-height: 1.4em; margin-left: 1em;">Bossche is not an anti-vax conspiracist</li><li style="line-height: 1.4em; margin-left: 1em;">Bossche thinks our leaders and vaccine developers are competent with good intentions but may have overlooked some serious implications of their strategy due to the urgency to "do something", and due to a lack of understanding of how some aspects of the immune system function</li><li style="line-height: 1.4em; margin-left: 1em;">Bossche thinks our current broad vaccination policy would be the correct policy if deployed before the virus was widespread in the population</li></ul><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">Then I will explain why I think we should pay attention to Bossche:</p><ul style="color: #444444; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em 1em; padding: 0px;"><li style="line-height: 1.4em; margin-left: 1em;">he is intelligent with good intentions</li><li style="line-height: 1.4em; margin-left: 1em;">his arguments are science based and plausible</li><li style="line-height: 1.4em; margin-left: 1em;">he is not saying that his theory is absolutely correct, he is saying there is enough existing science and emerging evidence to warrant an urgent investigation and discussion by the scientific community</li><li style="line-height: 1.4em; margin-left: 1em;">our leaders to date have a very poor track record on making timely and wise decisions</li><li style="line-height: 1.4em; margin-left: 1em;"><strong>if Bossche is correct and we’ve made a mistake then our current vaccination policy has serious long term implications that may not be undone</strong></li></ul><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">Then I will provide a <a data-saferedirecturl="https://www.google.com/url?q=https://www.geertvandenbossche.org/&source=gmail&ust=1622381971590000&usg=AFQjCNF2QF5dkaJA7Xx_RqgjonXGccfm3g" href="https://www.geertvandenbossche.org/" rel="noreferrer noopener" style="color: #2585b2;" target="_blank">link to Bossche's work</a> and a link to an April 22 interview with Bossche that does a superb job of explaining a very complex topic:</p><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;"><a data-saferedirecturl="https://www.google.com/url?q=https://www.youtube.com/watch?v%3DBNyAovuUxro&source=gmail&ust=1622381971590000&usg=AFQjCNHub-CRnBqY3ALcqzeR6iI8yBJ-iw" href="https://www.youtube.com/watch?v=BNyAovuUxro" style="color: #2585b2;" target="_blank"><img border="0" class="CToWUd" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEisjS-xNsrukGYv0uvxiu5hytiXtXJqGSnwzlinM01VAh9sUQvJOWwODJkBObhZAyN8ntuLTdW1lFguMHPfT30Mi7EgznkwU7feYaU1qKdAHKh0unG57OowWWl0VQydgLSSXNaM8Mu-d4C-jw=s0-d-e1-ft" style="height: auto; margin-bottom: 12px; max-width: 100%;" /></a></p><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">Then I will explain the implications of Bossche being correct:</p><ul style="color: #444444; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em 1em; padding: 0px;"><li style="line-height: 1.4em; margin-left: 1em;">vaccination prevents serious sickness and death <strong>from the original virus</strong></li><li style="line-height: 1.4em; margin-left: 1em;">vaccination reduces spread <strong>of the original virus</strong></li><li style="line-height: 1.4em; margin-left: 1em;">vaccination encourages the emergence of new more dangerous variants</li><li style="line-height: 1.4em; margin-left: 1em;">vaccination will not protect against new variants, and may block the effectiveness of new booster vaccines for new variants</li><li style="line-height: 1.4em; margin-left: 1em;">vaccination will reduce the natural immune system’s ability to respond to new variants</li><li style="line-height: 1.4em; margin-left: 1em;"><strong>therefore, a healthy person at low risk of serious sickness who chooses to be vaccinated will increase the risk to vaccinated and unvaccinated citizens, and to themselves</strong></li><li style="line-height: 1.4em; margin-left: 1em;">by waiting for a review of the science and for data on emerging variants, before being vaccinated, low risk citizens may be doing the right thing for both themselves and society</li></ul><p style="color: #444444; direction: ltr; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em;">Then I will explain that my decision to wait would be wrong if:</p><ul style="color: #444444; font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; font-size: 14px; line-height: 1.4em; margin: 0px 0px 1em 1em; padding: 0px;"><li style="line-height: 1.4em; margin-left: 1em;">I was unhealthy or my immune system was weak</li><li style="line-height: 1.4em; margin-left: 1em;">I had regular close contact with people that are unhealthy or have weak immune systems</li><li style="line-height: 1.4em; margin-left: 1em;">I was not using high caution with social distancing, masks, and personal hygiene</li></ul></div><div style="clear: both; direction: ltr;"></div></div><div 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#222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><span face="Arial, Helvetica, sans-serif" style="background-color: white; color: #222222; font-size: small;">--</span><br style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;" /><div data-smartmail="gmail_signature" dir="ltr" style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><span style="font-family: georgia, serif;"><b>T. A McNeil</b></span></div><div><span style="font-family: georgia, serif;"><b><span style="color: #000066;">CEO and Founder </span></b></span></div><div><b><span style="color: #000066; font-family: georgia, serif; font-size: medium;">First Financial Insights Inc.</span></b></div></div></div></div></div></div></div></div></div></div></div></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-4651605641760076452016-04-23T04:25:00.000-07:002016-04-24T13:03:56.452-07:00 Education of Women Key To Advancing Human Condition<div dir="ltr" style="text-align: left;" trbidi="on"><h1 class="entry-title" style="box-sizing: border-box; font-size: 32px; font-weight: 400; line-height: 36px; margin: 0px 0px 7px; text-align: center; word-wrap: break-word;"><span style="background-color: #660000;"><span style="background-color: white; color: blue; font-family: "georgia" , "times new roman" , serif;"></span></span></h1><h1 class="entry-title" style="box-sizing: border-box; font-size: 32px; font-weight: 400; line-height: 36px; margin: 0px 0px 7px; text-align: center; word-wrap: break-word;"> </h1><h1 class="entry-title" style="box-sizing: border-box; font-size: 32px; font-weight: 400; line-height: 36px; margin: 0px 0px 7px; text-align: center; word-wrap: break-word;"><span style="background-color: #660000;"><span style="background-color: black; color: #d5a6bd; font-family: "georgia" , "times new roman" , serif;"><img height="360" src="https://qph.is.quoracdn.net/main-qimg-83e1191df04b664ee9e442b1001ea7f8?convert_to_webp=true" style="color: black; font-family: 'Times New Roman'; font-size: medium; line-height: 18.2px;" width="640" /></span></span></h1><h1 class="entry-title" style="box-sizing: border-box; font-size: 32px; font-weight: 400; line-height: 36px; margin: 0px 0px 7px; text-align: center; word-wrap: break-word;"> </h1><h1 class="entry-title" style="box-sizing: border-box; font-size: 32px; font-weight: 400; line-height: 36px; margin: 0px 0px 7px; text-align: center; word-wrap: break-word;"><span style="background-color: #660000;"><span style="background-color: white; color: blue; font-family: "georgia" , "times new roman" , serif;">Why Organized Religion Fears Educated Women</span></span></h1><div style="line-height: 18.2px; text-align: center;"><span style="background-color: #660000;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif;"><br /></span></span></div><div style="line-height: 18.2px; text-align: center;"><span style="font-family: "buenard"; line-height: 25px;"><span style="color: magenta; font-size: large;"><i style="background-color: white;">Educating women improves the welfare of families as they become empowered to contribute to the financial success of their household—which in turn creates more opportunities and resources available for their children. </i></span></span></div><div style="line-height: 18.2px; text-align: center;"><div class="fb" style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px; margin-top: 25px;"><span style="background-color: white; font-size: large;">For thousands of years women have been defined only in correlation to their relationship to men. They have been kept hidden, prohibited from speaking, forced into submission and treated as the “unclean” gender whose existence is that of mental and physical servitude to her human counterpart. Why has so much emphasis been placed upon the mind and actions of women? What does organized religion fear about the mind of an educated and logically-thinking woman?</span></div><div style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px;"><span style="background-color: white; font-size: large;">Here are 5 reasons why organized religion fears educated women:</span></div><div style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px;"><span style="background-color: white; font-size: large;"><br /></span></div><div style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px;"><strong style="box-sizing: border-box;"><span style="background-color: white; color: blue; font-size: x-large;">The Loss of Patriarchal Control</span></strong></div><div style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px;"><strong style="box-sizing: border-box;"><span style="background-color: white; font-size: large;"><br /></span></strong></div><div style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px;"><a 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" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="background-color: white;"><img alt="Image result for big brother" border="0" height="237" 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o2FzEtMOuPms1uNqBhptcRSLgZIiINiN9Pot/I6ri3+Z7OpTA77naSWhsQ5rnCSR0245T5DUbdWXqTpAdBAO0iPqpVMU2m3vUy4EgFwd7vSG8k+KrOzDCB5a2m/vXe7U5ojo1riS3wnZDoYyi2oKpqP0Brg1jw1zmPmziDDagjyMFQ5Wi1GmbeV44w0lhpEtm7tQdNwQOJEclFxGIL+JI5/Vcxg8Y72zmGAw95oAJDQTMNEyGm8DiVqUq7X6msJD2Gx1Nb3riHaiO6QRcH7Jca2VztUXGPIutvB5qWtj2YIiJj99VjYWpTqNDtbWuO7HHvj+7aCJkbzZXckzLDvJpH2gdqLRqALTokudIjQPAylkVoeN16a5zJ5aIpGw387ImFxlSPcI69UDG5xSw1NjtJqaqjacNItq5P6Kzm2eUKIfpIqvYY0NJmYmJAIEC58FytX4dSlXpcdmRDSCI+65LMMZLjCrVu0zarRrhjpiGHUJm4IMEHbrMqvjcUxrS6kG1C1wa4Pc2086G2cAIBvvqF4WuPFx2zHJl5aQiVg9pKGoNLbuHE3jwCJis80vLQNYG7jpZPXS0TpB81kYzHhxLaTXDVveXf6W8x47ldF2crK+DxjqWoDkR0VvBtdWIaxpc4nYXJ6+iFjstFOmHCoHPnvgXAFoIMd7x4ullWIa2dTnNsdtXf40d0iJ+HVCdE0y6/DPaJcAGyQHam6SRIIBmHRBFldyTCvc7uttEzsI6jqsmvh3Pae7pDHG+zRIkgDg2myRzh7WMZTcQGSJIgkFPlaBqi1m+PptqyyXODgXdJbFh12Vl3bWtoIaxgcfxHvQPAG0+JXMuMklRKgSZ2nZjPMXWrMp6w5oI1SGg6eTMLsc3zPDMb7OrVDDU907wR7rzGwBG68np4sCnA1B030kiREX8UCiWue0PJDZAJ3Ib4fok0aJ6PWsNjBUaHgggi8GROxg9JC1cKyWav6tvJcPk+MpNbpouL2suZJLrzqhvLABJjZaA7RkuaA8FpAPeLWaWEwHWmOsHhZtPw6XO40We0mMp02kvdHTx8AuNbjKdUnvECCdrrR7Xt9q9tNpaXgXk2l3uRbuz1Pylcs3XQf3miY2NxfY+IVKP5OdvYariGSbvHmBP1SVR2JcSTqNySfM3PKSdCtDjEBlqYv/AFn3vyj8P1Vd7ybmT5qBTkrSjNibfwRQS094T59DeQgypQXQLk7AIA1hjHupyXRDoA0jSQRub7jjosp7jMkyes381ZZQjeCRuJED158gq9R8zcegshjCVMW50Tx8yOT47LQwGM0tcHMa9j+IvqBkbXPMjoshXMG5kO9oXCw06esiR4EjlC7CwlRlRpcdxJbJ2uOh2MQdPCeoQ5kugubYFsCQODH/AGg4jGOeG0wNLG7Nnc3JcTy4z8kHWRYbQPBD7Cw2HxX4XDu9OQDuB9VGjW0Olu3E/I+anhqQdLpiBfogvuTEeEbeiYWXDVcWhxMuJN/LfzEKdJoqNDdu9LSPw2lwPURJCHWxLXaIhoaCALyZ69EPDk6SW7i/wBIj0+qIoGzSwbmlznBxJAgD+zax3nmPNAw9dw0nltp6jgHy3us9tciTseo6zKk6tYbzMKtAmaOJx8mwbBAN2yQT0nogUcTpMGCDvztvzygVXkxPDfuVABWiHdlxtZpJBECQRB2MEAHqIsp18wLg3WdTu93QAGgOgTA5sqMEb2TVXGI6GfuFL6KTLbszqOAaSAdgQ0A+U+YV3O8W4BtIO1QAL/aLC/1jqsFu8otRxJLib/sKL8HZGs7gySNz1R8rqBr9RIAHUSqhKKI9n46vspYIM7MHxpEab92BHeN/ino06baZe9wL/wADB1/qd4KoymSYEDmTsPNSquFgOBv1/QIAk+u9wguJEkxPJuShs3spYdhc4NFpIHxRMTS0EtEG+6BX+SvpSLSOFZ9hobqcbnYfdVnvJ3KGqERSTJwUDCsqObsSDBFrSDuLcFTwz2idR4txefn6oLWq5lzaQOqsO6BLW/1HjyAQNNlmlmr6ZdUIBe9ogHYAe64jnwWa95c4lxJJvJ6lPiKznOJd8OB4AJ6lccNAEAdTbck7yUDIQRYpIj8QCZLQf34JJBZWASKSSokQTscRcGD1TFOUATqnYDpfz5QyiPIgRYoZSAk0cfvyTFJu6coAnqECQNuLf9pnvtdMolMCbHQD5KJcnBUSU2wEitqEAx6/CPuoN3UybG3T6oQEJsiAWUWNEH0SYbIrYiw7jyTFxXQUcCK2DYA+kH06lQhrqtNp0EAulpOqZAhYoptIkd2Gss65c42cWwBbmPmtBAfaE7/v1Sqizo/qA84Ct4KkBUYS+myTILoc1pDiAHi9pjcbKXaB7DXqmnp0OeSNMaeJiCbTMQk+hmWDdFq0yGhxsHfb/lC5V3G1C9tFvRkevPzuoAzyUQtJIbuTCgUenZhcd7NEbnqkkBGqYlosPqeqFTbPokRG6kx1+iGBdyOPb05iJP0P6ouYNDKjieNgqGFbLp2A3KVepqMzPmn0AN7yblQKeUmhTYDJgnKZAwjCnbNo28UNO5xPKKAeqRJifVPTYXGBclDVmnU0snkkhJlF3/LqIs7EAHkBsgHzlJZRckmAylCaE+sxA2VEkUgUgUkgHITBJIIAcNlKE0J0MB0imToAQS5TFOgBBWW0iQ4DoI2HIVcFW6NMua8+CpCIChAv1j4R080wpjnwsN9p5RsNSLmR1cR66Z+yhiKX6T+UKU7ZR6N/DjJKNWhUfVYyoTU0w9oOmGi4O95HwXa4fIMMz3cPSH/rafqFldkcqdhWOmD7Qh7oLtIsANLS35yulp1j0t1grdLRmUf8poNMtoUgevs2T9F5T/EdlMVw1lNlOJ90MBIhsEhtrHUN+F7A+tOwXkv8TMS//ENZqtoB0h2oB0kOmRIO1lMhnFQja7N8DY+ED7qGopPcbeQ+4UWMHUF1Ok67Z2B+qGNkbDsk3UqwIOHVQJVimPeJQQm0McuAEfFDlO7dMVIhIlKmSChwiCwQNAyITJ3BRCAHlKUgEkAIp5smKuYR7Yc13oTxO9+EDKRSUo8EkWAxSLdvH/kfZMnlMRFOSnCZADymKdMgBAp00J2oAcBNKcJIAYpwlCUJCHV/AaA15eCW2kCx3tdUFcwYGh4PS8/JWhoJXezT/LBABkXk7detyj4SsyC2oHFsh5A5AiT4RKp4ITIiTBIHW0R++i6LsrlrXYhprNcWFhBDbcD3gZBbZQlsrw9ewAApsNM9zSNJJJ7sWvzZaPtBAv6XWZha4DbOLukxbwsBCY44cj4H7Loszplmu1x/F5QvN/4jUKBxFD2lR7TEOaGAj2feJe08uLgBC7/27TyfUBeffxCyn2j2VGljRBbAB1HmSEpPQ6PP6gFxJ3geQ5UagFovb7lar8lOkwZKzsTQNMgGxj9/VYKSfRTi0V1Km+DKgUg5MkPTN3AGxBQHpAppTbsBBPKUpKQEkQkmIQMYhL4JHyTQgB5ShJJACUtagCkgYg1OmSQA88JinTJiFCcpNTIASUJFJADpAJ2hIhADJ4SPRMEBRJMEgPqiuqyGjSJFtV59boCgbRK0csYTqaACYFiJFjcqnRdJA2kxbzV/I3FtaQdtXruEPSHFbL+VZO/W0aTJt8916HTwoEaREAARayzezeIDtTi24PX0XSUrox72y5IDRA5lWW0geP1+aM4CJj47ecKbq5AkAb9FtZFDAsA9348eSoYvB0qneewEgb3mPTdapxUs2A/5WdVeRHptb5pDODxrR7R2gHTJDZtbixXK5y8GrA4Anz/6hewY+gHjS64PxXmnbXJmYZ1PQZ1hxNo2Lem+6x/jqVoHK1RzRCiVNwTQmQRCkQmLU52SAgSnhMEptKBjpJin3QCGcbpgE0qQFkAMWpQpNE/BMSgBpUU5SQMUp0tSSAo//9k=" width="400" /></span></a><span style="background-color: white; font-size: large;">It is a widely-known fact that the more educated and financially stable a woman becomes, the more likely she is to practice family-planning and have her children at a later age. Educated women are also more likely to have fewer children than their uneducated and impoverished female counterparts.</span></div><div style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px;"><span style="background-color: white; font-size: large;">Furthermore, educated women are more likely to cultivate their own worldview, rather than simply following their traditional familiar teachings; and may contribute no followers to a religion when they do finally decide to start a family.</span></div><div style="box-sizing: border-box; font-family: Buenard; line-height: 25px; margin-bottom: 16px; text-align: start;"><span style="background-color: white; font-size: large;"><strong style="box-sizing: border-box;"></strong></span></div><div style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px;"><span style="background-color: white; font-size: large;">This is a problem for religion because women who choose the timing and size of their household don’t typically contribute the same amount of future-followers to a religion as those women who are restricted from pursuing an education and career. If a woman leaves the religion altogether as a direct result of becoming well-informed and financially stable and no longer needs the “comforts” that her religion once provided, she has not only removed herself from the ranks, but her children as well. For religion to perpetuate itself, it must have followers, or it ceases to exist.</span></div><div style="box-sizing: border-box; font-family: buenard; line-height: 25px; margin-bottom: 16px;"><span style="background-color: black; color: blue; font-size: large;"><a href="http://churchandstate.org.uk/2016/04/why-organized-religion-fears-educated-women/" style="background-color: white;" target="_blank">Read More </a></span><br /><div><br /></div></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-8875200499488171542016-04-22T02:00:00.000-07:002016-04-24T13:03:56.490-07:00Today's ENERGY News - 22 April 2016<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPwpugLIH7GdeH2laB8NrtdgeYwZ5sezKR7R51C1cr7K3kbHsMRnKVpZr_eF_EjAh-Y5HiQBV4-nn1PnL_BNIbMNr-2PNT6x2adyzK0Oacb3E9Ij-k6ByFJLeuRUJRepkdvIsXvmIe5NeE/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPwpugLIH7GdeH2laB8NrtdgeYwZ5sezKR7R51C1cr7K3kbHsMRnKVpZr_eF_EjAh-Y5HiQBV4-nn1PnL_BNIbMNr-2PNT6x2adyzK0Oacb3E9Ij-k6ByFJLeuRUJRepkdvIsXvmIe5NeE/s640/azzz+%25281%2529.gif" width="640" /></a></div><br /><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2><div><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;"><br /></span></div><div><h2 style="background-color: white; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: rgb(96 , 96 , 96); font-family: "helvetica";"><span style="font-size: 18px;"> </span></span><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;">IEA chief says oil market, prices to return to balance by 2017</span></h2><div><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img src="http://s3.reutersmedia.net/resources/r/?m=02&d=20160421&t=2&i=1133794746&w=644&fh=&fw=&ll=&pl=&sq=&r=LYNXNPEC3K00P" height="286" width="400" /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">International Energy Agency’s (IEA) Executive Director Fatih Birol speaks at a news conference on the sidelines of G20 Energy Ministers Meeting in Istanbul, Turkey, October 2, 2015. International Energy Agency (IEA) chief Fatih Birol said on Thursday he expects the oil market to come back into balance from oversupply by next year, providing there is no major economic downturn. Birol said low oil prices have cut oil investment by about 40 percent in the past two years, with sharp falls in the United States, Canada, Latin America and Russia, and the world’s reliance on Middle East oil will accelerate substantially in the next few years. “This year, we are expecting the biggest decline in non-OPEC oil supply in the last 25 years, almost 700,000 barrels per day. At the same time, global demand growth is in a hectic pace, led by India, China and other emerging countries,” he told […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=02436147ef&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">reuters.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Obama and King Salman of Saudi Arabia Meet, but Deep Rifts Remain</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="https://static-secure.guim.co.uk/sys-images/Guardian/Pix/pictures/2015/1/27/1422372205475/Barack-Obama-walks-with-S-012.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="240" src="https://static-secure.guim.co.uk/sys-images/Guardian/Pix/pictures/2015/1/27/1422372205475/Barack-Obama-walks-with-S-012.jpg" style="background-color: transparent; text-align: left;" width="400" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">President Obama and King Salman of Saudi Arabia spent more than two hours in a closed-door meeting that American officials said was cordial but underscored deep differences with the kingdom over Iran, human rights and the best way to fight terror. The two leaders met in Riyadh on Wednesday against the backdrop of a public debate in the United States Congress about a bill that would allow the Saudi government to be held legally responsible for the Sept. 11, 2001, attacks if it is established that any officials played a role — a charge Saudi officials have long denied. Administration officials said the issue of the Sept. 11 attacks did not come up during the meeting with the king at Erga Palace, an opulent compound lined with palm trees and […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=c203f8c28c&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">nytimes.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br style="text-align: left;" /><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc1" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc12" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc12" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Saudi Arabia forced to BORROW $10 billion as tumbling oil prices continue to hit the kingdom’s finances</span></h2><div style="background-color: white; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060;"><span style="line-height: 21px;">Saudi Arabia is being forced to borrow $10 billion as the world’s top oil exporter seeks to fill a record budget deficit caused by low crude prices. The kingdom had initially been seeking to raise between $6billion and $8billion through a loan lasting for five years for its first foreign borrowing in more than a decade. But the Ministry of Finance raised the amount after drawing significant demand. Sources said the loan should be signed before the end of April, with one saying the lenders included a mix of U.S., European and Japanese banks. An official watches progress at a rig at the al-Howta, Saudi Arabia. The kingdom is being forced to borrow $10 billion as the world’s top oil exporter seeks to fill a record budget deficit caused by low crude prices Another said the lead arrangers included JP Morgan, HSBC and Bank of Tokyo-Mitsubishi. Each was contributing […]</span></span></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=6e8b778eec&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">peakoil.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br style="text-align: left;" /><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc1" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc13" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc13" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Kuwait Oil Workers End Strike</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Kuwaiti oil workers sit at the union’s headquarters in Al-Ahmadi, south of Kuwait City, on… Oil workers in Kuwait have ended a three-day strike that had almost halved crude output in the Organization of the Petroleum Exporting Countries’ fourth-largest producer, after the government said it wouldn’t negotiate while the walkout lasted. Workers resumed their jobs earlier Wednesday “out of respect for the country’s emir” after successfully showing the importance of their role in the economy, the oil-workers union said in a news release. The move came just hours after Kuwait’s acting oil minister, Anas al-Saleh, ruled out negotiations with the employees until they ended their strike and said the country’s oil sector would continue to operate despite the strikes. “The goal in going on strike was to send a clear message,” the Union of Petroleum and Petrochemical Workers said in the statement. “The workers reiterated in their action their […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=bc65903ac3&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">wsj.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br style="text-align: left;" /><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc1" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc14" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_1737355469703369603_mctoc14" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Iran’s Dilemma: Too Much Oil And Not Enough Ships</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img src="http://i.telegraph.co.uk/multimedia/archive/02219/oil_2219274b.jpg" /></div><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Late last week, just ahead of the Doha meeting, we reported that Iran’s existing oil tanker armada, which until recently had been on anchor next to the Iranian coast and which according to Windward data was storing as much as 50 million barrels offshore, had finally started to move. The reason, as Bloomberg reported , was that tankers carrying about 28.8 million barrels of crude, or more than 2 million a day, left the Persian Gulf country’s ports in the first 14 days of April. That compares with a rate of about 1.45 million barrels a day in March. As a result, Iran’s crude shipments have soared by more than 600,000 barrels a day this month, and offset the entire production decline of U.S. producers with just half a month’s incremental production. However, now that the shipping armada has sailed to its various (mostly Asian) destinations, it may be […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=455e5863e9&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">oilprice.com</a> </span></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-17673976079643508652016-04-21T10:07:00.000-07:002016-04-24T13:03:56.511-07:00 Today's ENERGY News - 21 April 2016 <div dir="ltr" style="text-align: left;" trbidi="on"><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"></h2><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiObyZGFV6bzkekBNZfzbYwDGU4WOFdzE8X84rqFvjdJ7ojQ_rpks7SoXEdeRZg4ejkIzidfmUy185iCEhkmIkjE49UNtaFUFGd6aIC_98fcIatSvojZR5xs04uCyiFkpG3Xh5oaDYFmlei/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiObyZGFV6bzkekBNZfzbYwDGU4WOFdzE8X84rqFvjdJ7ojQ_rpks7SoXEdeRZg4ejkIzidfmUy185iCEhkmIkjE49UNtaFUFGd6aIC_98fcIatSvojZR5xs04uCyiFkpG3Xh5oaDYFmlei/s640/azzz+%25281%2529.gif" width="640" /></a></div><div style="text-align: center;"><br /></div><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"></h2><h2 style="letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="background-color: white; color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></h2><h2 style="letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="background-color: white; color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Lithium War Heats Up After Epic Launch</span></h2><h2 style="letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="background-color: white; color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></h2><h2 style="letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="background-color: white; color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"> Of Tesla Model 3</span></h2><div><span style="background-color: white; color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img src="http://www.hybridcars.com/wp-content/uploads/2016/03/model_3-668x409.jpg" height="391" width="640" /></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">The unveiling of Tesla’s Model 3 electric car was no less than the lifting of the final curtain on a game-changing energy revolution. And if we follow that revolution to its core, we arrive at lithium—our new gasoline for which the feeding frenzy has only just begun. Unveiled just on 31 March and already with 325,000 orders, it seems that the market, too, understands that the Model 3 is more than just another electric vehicle. In one week alone, Tesla has racked up around $14 billion in implied future sales, making it the “biggest one-week launch of any product ever.” (And if you think the “implied future sales” negates the news, think again: Each order requires a $1,000 refundable deposit. ) It will change the world because it is the first hard indication that the tech-driven energy revolution is not only pending, it’s arrived. The Model 3 and its […]</span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=3082c7b746&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> oilprice.com</a></span></div></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span class="" style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Kuwait’s Oil Output Set to Return to Normal After Strike Ends</span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Kuwait’s oil production is set to return to normal in three days after thousands of striking workers returned to their jobs Wednesday. OPEC’s fourth-largest producer will boost output to an average of 3 million barrels a day in three days, according to a statement from Kuwait Petroleum Corp. on Wednesday. Output was 1.5 million barrels a day on Tuesday compared with 1.1 million on Sunday. Oil refineries are still operating at about 520,000 barrels a day, Khaled Al-Asousi, spokesman at state refiner Kuwait National Petroleum Co., said in a text message. Plants had been operating at that rate, less than 60 percent of capacity, since the strike began on Sunday. The 13,000 members of the Oil & Petrochemical Industries Workers Confederation went on strike to protest cuts in pay and benefits as Middle Eastern crude exporters reduced subsidies and government handouts to cope with falling oil prices. A global […]</span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=4e7f6b314d&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">bloomberg.com</a></span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Exclusive: Iran struggles to find enough ships for oil exports</span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Malta-flagged Iranian crude oil supertanker ”Delvar” is seen anchored off Singapore March 1, 2012. Iran faces a struggle to increase oil exports because many of its tankers are tied up storing crude, some are not seaworthy, and foreign shipowners remain reluctant to carry its cargoes. Tehran is seeking to make up for lost trade to Europe following the lifting of EU sanctions imposed in 2011 and 2012, which deprived it of a market that accounted for over a third of its exports and left it relying completely on Asian buyers. Iran has 55-60 oil tankers in its fleet, a senior Iranian government official told Reuters. He declined to say how many were being used to store unsold cargoes, but industry sources said 25-27 tankers were parked in sea lanes close to terminals including Assaluyeh and Kharg Island for this purpose. Asked how many tankers were not seaworthy and needed […]</span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=416b1907f0&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">reuters.com</a></span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">What Oil Glut? Outages Put Supply, Demand Close to Balance</span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Oil-producing governments across the world are scrambling to address petroleum outages that have taken nearly 2 million barrels a day off the market and <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=7f1e68bf08&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">sent crude prices rallying</a>. The outages have been caused by an <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=a65e0bfa1c&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">oil-worker strike in Kuwait</a>, alleged pipeline sabotage in Nigeria and payment disputes in Iraqi Kurdistan. The missing oil supply—about 1.85 million barrels a day—has essentially brought the oil market’s supplies back into balance with demand, if only temporarily, and raised questions about big producers’ ability to quickly ramp up during supply outages. The situation offers a glimpse of what the oil market would look like if the current glut were to end after nearly two years of weighing on prices. Oil demand is expected to average 94.8 million barrels a day in the first quarter of 2016 compared with oil supply of 96.4 million barrels a day.</span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; line-height: 1.5; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=68736517df&e=adb72e36e3" style="color: #2d61a5; line-height: 1.5; text-decoration: none; word-wrap: break-word;" target="_blank">wsj.com</a></span></div></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Russian Oil Output, Exports May Rise After Doha Deal Fails</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img src="http://worldmaritimenews.com/wp-content/uploads/2013/02/Arctic-Shuttle-Tanker-Named-after-Great-Russian-Statesman.jpg" height="410" width="640" /></div><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Just two days after the collapse of international oil-supply talks in Doha, Russia signaled it isn’t afraid to play a game of chicken. Freed from a plan to coordinate output with OPEC members, Russian officials said Tuesday that the country may boost both production and exports. Daily output in 2016 could grow by 100,000 barrels to 10.81 million, according to Deputy Energy Minister Kirill Molodtsov. “And why not?” he said at the National Oil and Gas Forum in Moscow. “It’s possible.” Talks among major oil […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=7e3f311b62&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">bloomberg.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a 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style="text-align: center;"><h1 class="title" style="border: 0px; box-sizing: border-box; margin: 0px 0px 20px; outline: 0px; padding: 0px; text-align: start; text-rendering: optimizeLegibility; vertical-align: baseline;"><span style="color: #ffe599; font-family: "mercury display a" , "mercury display b";"><span style="font-size: 20px; font-weight: normal; line-height: 32px;"><i style="background-color: white;"> </i></span></span></h1><div><span style="color: #ffe599; font-family: "mercury display a" , "mercury display b";"><span style="background-color: white; font-size: 20px; line-height: 32px;"><img alt="Image result for methane bomb arctic" height="334" src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRwUJEQUbfPfWBTo-oB0syEa2E0DWLUOCAeue6ZFWggAEaKVCb0" width="640" /></span></span></div><div><span style="color: #ffe599; font-family: "mercury display a" , "mercury display b";"><span style="font-size: 20px; line-height: 32px;"><i style="background-color: white;"><br /></i></span></span></div><div><span style="color: #ffe599; font-family: "mercury display a" , "mercury display b";"><span style="font-size: 20px; line-height: 32px;"><i style="background-color: white;"><br /></i></span></span></div><h1 class="title" style="border: 0px; box-sizing: border-box; line-height: 61.036px; margin: 0px 0px 20px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: "mercury display a" , "mercury display b"; line-height: 32px;"><span style="background-color: white; color: blue; font-size: large;">WHO BATS LAST?</span></span></h1><div><span style="background-color: white;"><img alt="Image result for harvard" height="49" src="data:image/png;base64,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" width="200" /></span></div><div><span style="background-color: white;"><br /></span></div><div><span style="background-color: white;"><br /></span></div><h1 class="title" style="border: 0px; box-sizing: border-box; font-size: 57.985px; line-height: 61.036px; margin: 0px 0px 20px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: "mercury display a" , "mercury display b"; font-size: 20px; font-weight: normal; line-height: 32px;"><span style="color: blue;"><i style="background-color: white;">That’s why last month’s Harvard study came as such a shock. It used satellite data from across the country over a span of more than a decade to demonstrate that US methane emissions had spiked 30 percent since 2002. The EPA had been insisting throughout that period that methane emissions were actually falling, but it was clearly wrong—on a massive scale. In fact, emissions “are substantially higher than we’ve understood,” EPA Administrator Gina McCarthy admitted in early March.</i></span></span></h1><div style="text-align: right;"><span style="font-family: "mercury display a" , "mercury display b"; line-height: 32px;"><b><span style="background-color: white; color: blue;">THE NATION</span></b></span></div><h1 class="title" style="border: 0px; box-sizing: border-box; font-size: 57.985px; line-height: 61.036px; margin: 0px 0px 20px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-weight: normal;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif;"><br /></span></span></h1><h1 class="title" style="border: 0px; box-sizing: border-box; font-size: 57.985px; line-height: 61.036px; margin: 0px 0px 20px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-weight: normal;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif;">Global Warming’s Terrifying </span></span></h1><h1 class="title" style="border: 0px; box-sizing: border-box; font-size: 57.985px; line-height: 61.036px; margin: 0px 0px 20px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-weight: normal;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif;">New Chemistry</span></span></h1><span style="background-color: white;"><span style="background-color: #660000;"><span style="color: #f3f3f3; font-family: "georgia" , "times new roman" , serif; font-size: large;"></span></span><br /></span><br /><h2 class="subtitle" style="border: 0px; box-sizing: border-box; font-size: 29.69px; font-style: italic; line-height: 39.06px; margin: 0.2rem 0px 0.5rem; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-weight: normal;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif;">Our leaders thought fracking would save our climate. They were wrong. Very wrong.</span></span></h2><div><h2 class="author_name" style="border: 0px; box-sizing: border-box; font-family: 'mercury display a', 'mercury display b'; line-height: 1.4; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-color: white; font-size: small;">By <a class="author" href="http://www.thenation.com/authors/bill-mckibben/" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; box-sizing: border-box; cursor: pointer; display: initial; font-family: inherit; line-height: 20px; margin: 0px; opacity: 1; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Bill McKibben</a> </span></h2></div><div><span style="background-color: white; font-size: small;"><br /></span></div></div><div style="text-align: center;"><div style="border: 0px; box-sizing: border-box; line-height: 1.6; margin-bottom: 20px; margin-left: auto; margin-right: auto; outline: 0px; padding: 0px; vertical-align: baseline; word-wrap: break-word;"><span style="background-color: #660000;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif; font-size: large;">Global warming is, in the end, not about the noisy political battles here on the planet’s surface. It actually happens in constant, silent interactions in the atmosphere, where the molecular structure of certain gases traps heat that would otherwise radiate back out to space. If you get the chemistry wrong, it doesn’t matter how many landmark climate agreements you sign or how many speeches you give. And it appears the United States may have gotten the chemistry wrong. Really wrong. </span></span></div><span style="background-color: white;"><br /></span><br /><br /><aside class="ad full-width-mobile right grey_back" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; box-sizing: border-box; float: right !important; line-height: 24px; margin-left: 40px; margin-right: -390px; max-width: none; padding: 20px; width: 340px;"><div class="sailthru_class_form" id="ad-halfpage-207046-0" style="border: 0px; box-sizing: border-box; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><div id="google_ads_iframe_/1004953/tn_environment_environmental_issues_ros_halfpage_1_0__container__" style="border: 0pt none; box-sizing: border-box; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-color: #660000;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif; font-size: large;"><iframe frameborder="0" height="600" id="google_ads_iframe_/1004953/tn_environment_environmental_issues_ros_halfpage_1_0" marginheight="0" marginwidth="0" name="google_ads_iframe_/1004953/tn_environment_environmental_issues_ros_halfpage_1_0" scrolling="no" style="border-style: initial; border-width: 0px; box-sizing: border-box; font-style: inherit; font-weight: inherit; margin: 0px; max-width: 100%; outline: 0px; padding: 0px; vertical-align: bottom;" title="3rd party ad content" width="300"></iframe></span></span></div></div></aside><span style="background-color: white;"><span style="color: #f3f3f3; font-family: "georgia" , "times new roman" , serif; font-size: large;"></span></span><br /><div style="border: 0px; box-sizing: border-box; line-height: 1.6; margin-bottom: 20px; margin-left: auto; margin-right: auto; outline: 0px; padding: 0px; vertical-align: baseline; word-wrap: break-word;"><span style="background-color: #660000;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif; font-size: large;">There’s one greenhouse gas everyone knows about: carbon dioxide, which is what you get when you burn fossil fuels. We talk about a “price on carbon” or argue about a carbon tax; our leaders boast about modest “carbon reductions.” But in the last few weeks, CO<span style="border: 0px; bottom: -0.25em; box-sizing: border-box; font-style: inherit; font-weight: inherit; height: 0px; line-height: 2rem; margin: 0px; outline: 0px; padding: 0px; position: relative; top: 0.5ex; vertical-align: baseline;">2</span>’s nasty little brother has gotten some serious press. Meet methane, otherwise known as CH<span style="border: 0px; bottom: -0.25em; box-sizing: border-box; font-style: inherit; font-weight: inherit; height: 0px; line-height: 2rem; margin: 0px; outline: 0px; padding: 0px; position: relative; top: 0.5ex; vertical-align: baseline;">4</span>.</span></span></div><div style="border: 0px; box-sizing: border-box; line-height: 1.6; margin-bottom: 20px; margin-left: auto; margin-right: auto; outline: 0px; padding: 0px; vertical-align: baseline; word-wrap: break-word;"><a href="https://www.blogger.com/blogger.g?blogID=8141840565659491698" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"></a><span style="background-color: #660000;"><span style="background-color: white; font-family: "georgia" , "times new roman" , serif; font-size: large;"><a href="http://www.thenation.com/article/global-warming-terrifying-new-chemistry/">READ MORE</a> </span></span></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-85166024542212406302016-04-20T00:00:00.000-07:002016-04-24T13:03:56.561-07:00Today's ENERGY News - 20 April 2016<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipZDhabAf_mKcWNx_ot8XX5gqbalvGUVzVCX8AbvNbAx52qbWvl-rbB725uNrBt5eR1qrLrYPrnmLHqV8peod82ssTvJi9ir84DBKU9dSFq5KwnhfPlCT6g1hmFpoTcBvHdv5T_MOgqTLD/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipZDhabAf_mKcWNx_ot8XX5gqbalvGUVzVCX8AbvNbAx52qbWvl-rbB725uNrBt5eR1qrLrYPrnmLHqV8peod82ssTvJi9ir84DBKU9dSFq5KwnhfPlCT6g1hmFpoTcBvHdv5T_MOgqTLD/s640/azzz+%25281%2529.gif" width="640" /></a></div><br /><br /><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2><br /><br /><br /><h2 style="background-color: white; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Fossil Fuel Companies Need to Become Renewable Energy Companies</span></h2><div><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span><br /><div style="text-align: center;"><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><img src="http://img.timeinc.net/time/photoessays/2008/10_cars/flintstones.jpg" /></span></div><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">It seems clear that Exxon Mobil and other parts of the fossil fuel industry have tried to suppress the science of climate change. I am not surprised that these companies acted in their short-term self-interest, and I expect them to continue to advance those interests. Their deception is disappointing and may even be illegal, but blaming the fossil fuel companies for our addiction to fossil fuels is foolish. It’s a distraction from the daunting challenge of making the transition to renewable energy as quickly as possible. For some reason, a great deal of effort is being devoted to uncovering the role of Exxon Mobil in the history of climate science. As John Schwartz reported recently in the New York Times : It remains unfortunate that many fossil fuel companies have not redefined themselves as energy companies that lead the effort to replace fossil fuels with renewable energy. If I […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=088685020c&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">huffingtonpost.com</a></span><br /><br /><h2 style="letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">More than a dozen tremors hit Oklahoma</span></h2><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Oklahoma hit by more than a dozen small earthquakes in the last week as the state works to control wastewater disposal tied to the oil and gas industry. Map courtesy of the U.S. Geological Survey. OKLAHOMA CITY, April 18 (UPI) — Even with action taken to control human-induced seismic events tied to oil and gas, the USGS reported more than a dozen minor quakes in Oklahoma in a week. The U.S. Geological Survey reported there were 13 quakes in Oklahoma and one just over the northern state border in Kansas since last week. The largest were two magnitude-3.5 quakes recorded Tuesday in the north-central part of the state. Magnitude-3.0 and magnitude-2.5 quakes were recorded by the USGS on Sunday. A March report from the USGS found central U.S. states have experienced a dramatic increase in seismic activity over the past six years. Between 2009 and 2015, there have been […]</span></div><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=61e34a5291&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">upi.com</a></span></div><div style="text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br style="text-align: left;" /><a href="https://www.blogger.com/null" name="m_-8702692345494498461_mctoc1" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8702692345494498461_mctoc26" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8702692345494498461_mctoc26" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a></span></div><h2 style="letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">North Dakota rig count at historic low</span></h2><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> At 29, the rig count in North Dakota, the No. 2 oil producer in the United States, is at its lowest level in more than a decade, state data show. Rig counts serve as a loose gauge for the health of the oil and gas industry. Crude oil prices are far below peak levels in 2014 above $100 per barrel, leaving most companies without the capital necessary to invest in exploration and production. The price for West Texas Intermediate crude oil was around $39 per barrel early Monday. State data show 29 rigs in active service in North Dakota as of Monday, down 2 from this time last week. There were 93 […]</span></div><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=d360e8e8b2&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">upi.com</a></span></div><div style="text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br style="text-align: left;" /><a href="https://www.blogger.com/null" name="m_-8702692345494498461_mctoc1" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8702692345494498461_mctoc27" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8702692345494498461_mctoc27" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a></span></div><h2 style="letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">If oil stays cheap, household spending could rise: Fed paper</span></h2><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Fuel prices are displayed on a pump at a Mobil gas station in the Brooklyn borough of New York February 3, 2016. The dramatic drop in the price of oil since 2014 has delivered only a muted boost to the U.S. economy, but that could change if households start figuring cheap oil is here to stay. That conclusion, in research published Monday by the San Francisco Federal Reserve Bank, suggests that the longer the price of oil stays low, the better the news is for a recovery that has been moderate at best. That’s significant for a central bank that is seeking evidence that the economy is strong enough for it to continue to raise interest rates from their current level of 0.25 percent to 0.5 percent. Oil currently sells near $40 a barrel, down from around $100 a barrel two years ago, but households have generally assumed the […]</span></div><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=3c63739c45&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">reuters.com</a></span></div><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><h2 style="letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;">British shale oil may be ready to boom</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div><img src="http://cdnph.upi.com/ph/st/th/3911440595788/2015/upi_com/bc1e5e7efc70a75cc61b12c00fd08405/v1.5/British-shale-oil-sector-gaining-momentum.jpg?lg=5" height="426" width="640" /></div><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Report finds “Gatwick Gusher” inland shale oil basin could add billions of dollars to the British economy and potentially offset natural declines from the North Sea. Photo courtesy of U.K. Oil & Gas Investments LONDON, April 18 (UPI) — The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation’s economy, a study finds. U.K. Oil & Gas Investments commissioned Ernst & Young to examine the future potential of oil production from the Weald shale basin. “Assuming it can be extracted from a development site at the volumes projected by U.K. Oil & Gas, has the potential to generate significant economic value to the U.K. economy,” the report read. Oil & Gas U.K., the industry’s lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending […]</span></div><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=df5630a60e&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">upi.com</a></span></div><div style="margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpOtEaW3otW3sONUYxOlI_9Cw1qugTD6Vk0rfLh641Fn41-co5M_UfXMvEpo99QqgZuOdjRJAu9843cAM6BKCcSZClkgRNQp0nwnhARZe6m3KzFp6S_1YxMICHZKKM1Nm5pn6ejXElzuu2/s1600/az1+%25281%2529a.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpOtEaW3otW3sONUYxOlI_9Cw1qugTD6Vk0rfLh641Fn41-co5M_UfXMvEpo99QqgZuOdjRJAu9843cAM6BKCcSZClkgRNQp0nwnhARZe6m3KzFp6S_1YxMICHZKKM1Nm5pn6ejXElzuu2/s1600/az1+%25281%2529a.gif" /></a> </div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-17222072647064942512016-04-19T05:34:00.000-07:002016-04-24T13:03:56.581-07:00 Invisible Hand Defeated OPEC Cartel?<div dir="ltr" style="text-align: left;" trbidi="on"><h1 style="background-color: white; color: #4d4d4d; font-size: 3em; font-weight: normal; line-height: 1.3em; margin: 0px; padding: 0px; text-align: center; vertical-align: baseline;"></h1><h1 style="background-color: white; color: #4d4d4d; font-size: 3em; font-weight: normal; line-height: 1.3em; margin: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><img src="http://www.thirdwave-websites.com/blog/supply-demand-tension.jpg" height="624" width="640" /></h1><h1 style="background-color: white; color: #4d4d4d; font-size: 3em; font-weight: normal; line-height: 1.3em; margin: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span></h1><h1 style="background-color: white; color: #4d4d4d; font-size: 3em; font-weight: normal; line-height: 1.3em; margin: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif;">No-Brainer Production Freeze Ends Mindlessly</span></h1><div><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span></div><div style="text-align: right;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">By Art Berman</span></div><div style="text-align: right;"><span style="font-family: "georgia" , "times new roman" , serif;"><br /></span></div><div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "verdana" , "helvetica" ,; font-size: 12.8px;">T</span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">he production freeze meeting in Doha was a no-brainer but it ended mindlessly with no action taken.</span></div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">OPEC plus Russia and Mexico met yesterday to agree to do almost nothing by freezing production. Instead, they agreed to do absolutely nothing leaving everyone wondering why they even held the meeting.</span></div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">All that they had to do was agree not to increase oil production above levels in January. They could have modified that to current levels. Probably, that would have ensured that oil prices remain near currently inflated levels that were created mostly by expectation of a production-freeze agreement to begin with.</span></div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">It should have been a no-brainer because the Doha group’s production is already 130,000 barrels per day <em style="margin: 0px; padding: 0px; vertical-align: baseline;">less</em> than it was in January (Figure 1). Kuwait, Qatar, Russia, Mexico, Ecuador and Indonesia are all producing slightly more than they were in January but were prepared to go back to those levels.</span></div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><img alt="Doha Chart_Difference Mar-Jan 17 April 2016" src="http://www.artberman.com/wp-content/uploads/Doha-Chart_Difference-Mar-Jan-17-April-2016-1024x695.jpg" height="434" width="640" /></div><div class="inread ng-isolate-scope inread-active" id="article-0-inread" style="background-color: white; color: #666666; line-height: 20.48px; margin: 0px; padding: 0px; vertical-align: baseline;"></div><div class="wp-caption alignnone" id="attachment_3944" style="background: rgb(255, 255, 255); border: 1px solid rgb(240, 240, 240); color: #666666; line-height: 20.48px; margin: 5px 20px 20px 0px; max-width: 96%; padding: 5px 3px 10px; text-align: center; vertical-align: baseline;"><div style="padding: 10px 0px; vertical-align: baseline;"><a href="http://www.artberman.com/wp-content/uploads/Doha-Chart_Difference-Mar-Jan-17-April-2016.jpg" rel="lightbox[3952]" style="color: #3959b6; text-decoration: none;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"></span></a></div><div class="wp-caption-text" style="padding: 0px 4px 5px; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Figure 1. Doha participants March vs. January 2016 crude oil production. Source: EIA and Labyrinth Consulting Services, Inc.</span></div></div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Iran is producing about 350,000 bpd more than in January and has stated its intent to raise output much higher. Everyone else is producing less or the same as in January.</span></div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">But this has been clear for months. Iran called the idea of a production freeze “<a href="http://www.bloomberg.com/news/articles/2016-02-23/iran-calls-proposed-saudi-russian-oil-output-freeze-ridiculous" style="color: #3959b6; text-decoration: none;" target="_blank">ridiculous</a>” in February and did not even send a representative to the meeting in Doha.</span></div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">So, what was the point of the meeting?</span></div><div style="background-color: white; color: #666666; line-height: 20.48px; padding: 10px 0px; text-align: center; vertical-align: baseline;"><strong style="margin: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.forbes.com/sites/arthurberman/2016/04/18/no-brainer-production-freeze-ends-mindlessly/#1a261a506ac3" style="color: #3959b6; text-decoration: none;" target="_blank"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">READ THE REST ON FORBES</span></a></strong></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-4016451697629718212016-04-19T01:19:00.000-07:002016-04-24T13:03:56.601-07:00Today's ENERGY News - 19 April 2016<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW5czz-NCM0j2LL9rMPXt9eClvtq3pb5Ms_ZWNbmP_jr56sgopo6ziTNJNZG23jnKlSyd07jiMLKqbj0Rz0EbJMnI4VDiEDJznMZHAfDCb62fLBxlYwJ_iGYUYF2jQIxXswBZrYV59-skd/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW5czz-NCM0j2LL9rMPXt9eClvtq3pb5Ms_ZWNbmP_jr56sgopo6ziTNJNZG23jnKlSyd07jiMLKqbj0Rz0EbJMnI4VDiEDJznMZHAfDCb62fLBxlYwJ_iGYUYF2jQIxXswBZrYV59-skd/s640/azzz+%25281%2529.gif" width="640" /></a></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><br /></h2><div style="text-align: center;"><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative;"><span style="font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"><br /></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"><br /></h2><h2 style="background-color: white; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-family: Georgia, Times New Roman, serif; font-size: x-large;">Botched Doha deal undermines OPEC credibility, oil prices tumble</span></h2><div><span style="color: blue; font-family: Georgia, Times New Roman, serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img height="499" src="https://blessedx5ks.files.wordpress.com/2013/03/messyroom.jpg" width="640" /></div><div><span style="color: blue; font-family: Georgia, Times New Roman, serif; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived industry fears that major government-controlled producers will increase their battle for market share by offering ever-steeper discounts. “OPEC’s credibility to coordinate output is now very low,” said Peter Lee of BMI Research, a unit of rating agency Fitch. “This isn’t just about oil for the Saudis. It’s as much about regional politics.” Morgan Stanley said that the failed deal “underscores the poor state of OPEC relations,” adding that “we now see a growing risk of higher OPEC supply,” especially as Saudi Arabia threatened it […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=333e18eecd&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">reuters.com</a></span></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Exclusive: Chevron puts Myanmar gas block stakes worth $1.3 billion up for sale – sources</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">U.S. oil and gas major Chevron Corp has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3 billion, would be the biggest deal involving Myanmar assets to date, financial sources familiar with the matter said. The sale, part of Chevron’s efforts to preserve cash and retreat from non-core assets in the wake of sliding oil prices, is seen as setting the tone for future deals in a country that is opening up for business after historic elections last year. San Ramon, California-based Chevron is working with an U.S investment bank on the deal, the sources said, declining to be identified as the sale process has not been made public. Chevron, which has been operating in Myanmar for about two […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=edd554acb6&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">reuters.com</a></span></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="background-color: white; color: #606060; line-height: 21px;" /><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc1" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc13" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc13" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Big Oil’s `Rock Star’ in Congress Runs Rig Tours to Win Votes</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Congressman Steve Scalise leaned over the railing of the Chevron Corp. oil rig floating in inky blue waters 250 miles off the Louisiana coast, and marveled to a cluster of lawmakers that it produces 75,000 barrels of crude every day. Scalise is one of the oil industry’s busiest tour guides in Congress. Eight times, he’s lured colleagues onto helicopters bound for remote platforms and production facilities in the Gulf of Mexico. His motive: to persuade even Democrats to overturn Obama administration rules that will add costs to offshore drilling. “Some bureaucrat in Washington that’s never drilled before comes up with this standard and says ‘This is how you drill every well in the Gulf,’” Scalise told his colleagues. “It makes absolutely no sense.” For oil and gas companies plumbing Gulf waters, Scalise is an evangelist of growing importance. First appointed in 2008 to finish the term of Bobby Jindal, […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=231232eab8&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">bloomberg.com</a></span></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="background-color: white; color: #606060; line-height: 21px;" /><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc1" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc14" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc14" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Canada’s Oil Industry To See 62% Decline In Investment</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Canada’s oil production may see a small increase this year as new projects come online, but the good news stops there for the industry that has seen a 62 percent decline in investment since 2014 Canada’s oil production could see a small increase this year as several major projects that were planned before the collapse in oil prices reach their completion. But the project pipeline, so to speak, looks pretty empty beyond the current crop of projects under construction. Canada produced 4.5 million barrels of oil per day (mb/d) in 2015, which could rise slightly to 4.6 mb/d this year and 4.8 mb/d in 2017 as a few major projects finish up. However, according to the comments from several executives at the top oil sands companies – Suncor Energy, Cenovus Energy and Meg Energy – the megaprojects of yesteryear are likely a thing of the past. Speaking at […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=247f656b3e&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> oilprice.com</a></span></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="background-color: white; color: #606060; line-height: 21px;" /><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc1" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc15" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc15" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Low oil prices having a chilling effect on Alaska’s economy</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Alaska has long been a bastion of the US’ oil production, even giving dividend checks to residents from oil revenues. But oil price woes are having a major effect on a state that has no state income tax or state sales tax, and crude production on Alaska’s North Slope in 2015 fell to its lowest point in decades. Platts senior oil editor <a href="mailto:mailto:brian.scheid@platts.com?subject=Capitol%20Crude" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"><strong>Brian Scheid</strong></a>speaks with Diane Kaplan, president of Alaska’s Rasmuson Foundation, about the impact of low prices, declining supplies, and how Alaska lawmakers are having to take a hard look at changes to the state’s tax structure.</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; line-height: 1.5; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=d09048cc24&e=adb72e36e3" style="color: #2d61a5; line-height: 1.5; text-decoration: none; word-wrap: break-word;" target="_blank">platts.com</a></span></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="background-color: white; color: #606060; line-height: 21px;" /><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc1" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc16" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6476124849635896775_mctoc16" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: x-large;">Ruble Drops Most Globally as Gains Unravel on Failed Oil Talks</span></h2><div><span style="font-family: Georgia, Times New Roman, serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img height="233" src="http://tjogel.org/wp-content/uploads/2016/02/Russia-Oil-Blog-Post-Photo-600x350.jpg" width="400" /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">The ruble fell the most worldwide and Russian government bonds headed for the biggest drop in two months as oil plunged after weekend talks between crude producers brought no deal to support prices for the nation’s main export. The Russian currency weakened 2.7 percent to 68.2950 per dollar as of 10:38 a.m. in Moscow, the most on an intraday basis since Feb. 24, as Brent crude tumbled after discussions in Doha ended without a pact freezing output. Russia’s five-year debt dropped for a fourth day, lifting the yield 12 basis points to 9.48 percent, the biggest increase since Feb. 2. The failure of the negotiations has halted a rebound in crude prices that boosted the ruble to the strongest since November last week and eased pressure on President Vladimir Putin’s government as it wrestles with a second year of recession. Societe Generale SA and Rabobank both predicted the ruble […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=e4e5dd1a6f&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">bloomberg.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkRj4NiRYMHWZNvW_XwJVRJu7od1U0a6e3pY9TUoMvAGY6YAxBTheXYbFwlRkuaGhvZHB_VUypJOkVZfxLiNa_3HUCRRRs-2BCIwRo9O0B6meSAOFfJ2IVSPygds51ikWioqih6eB7UoIp/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkRj4NiRYMHWZNvW_XwJVRJu7od1U0a6e3pY9TUoMvAGY6YAxBTheXYbFwlRkuaGhvZHB_VUypJOkVZfxLiNa_3HUCRRRs-2BCIwRo9O0B6meSAOFfJ2IVSPygds51ikWioqih6eB7UoIp/s200/az+%25281%2529.jpg" width="200" /></a></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div style="text-align: center;"><br /></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-80434303647779725782016-04-18T04:40:00.000-07:002016-04-24T13:03:56.622-07:00 Peak Oil Today - 18 April 2016<div dir="ltr" style="text-align: left;" trbidi="on"><div style="background-color: white; margin-bottom: 20px;"><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: x-small; font-weight: 400;"><i><span style="font-size: x-large; letter-spacing: -0.03em; line-height: 1.2em;">"PEAK OIL TODAY"</span></i></span></span></h1><div style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; line-height: 21.56px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="font-size: small;"><i><span style="font-size: large; letter-spacing: -0.03em; line-height: 1.2em;"><a href="http://endofenergy.blogspot.ca/2016/03/peak-oil-today-29-feb-2016.html" style="color: #888888; text-decoration: none;" target="_blank">The End Of Fossil Energy </a></span></i></span></span><br /><div style="font-size: 15.4px;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="font-size: medium;"><i><br /></i></span></span></div></div><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: large; font-weight: 400;"><i><span style="letter-spacing: -0.03em; line-height: 1.2em;">The very best weekly analysis and evaluation of the global peak oil situation with additional briefings, charts and videos, added by the curator from </span><span style="letter-spacing: -0.96px; line-height: 38.4px;">accredited</span><span style="letter-spacing: -0.03em; line-height: 1.2em;"> </span><span style="letter-spacing: -0.72px; line-height: 28.8px;">professional</span><span style="letter-spacing: -0.03em; line-height: 1.2em;"> sources, to enhance the informed investor's knowledge and understanding of its deep complexities and evolving outlooks. </span></i></span></span></h1><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: large; font-weight: 400;"><span style="background-color: transparent; letter-spacing: -0.72px; line-height: 28.8px;"><i>Everyone</i></span><i><span style="letter-spacing: -0.03em; line-height: 1.2em;"> should "<span style="color: red;">Bookmark </span>' this very important weekly post to stay abreast of this most critical aspect of global economics and life on this planet.</span></i></span></span></h1><div style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 15.4px; line-height: 21.56px; text-align: center;"></div><div style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 15.4px; line-height: 21.56px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: medium;"><img alt="Free Logo From Thefreelogomakers.com" class="CToWUd" height="49" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEjFlLeBhGalSQbS7rJeAFLKRTFKvyPXHFPLXlt_EKs5Nh0t_Xd07xLB3r1H8BCPv04n9It7j7WaFH8qTiA_v8aL6G-jFcpfDugzHbelYn6_DT9didhBE1Z11zDxaB1W98LF3ezmetYD2-zlbyeKmszHFxww5nEF6sgQ2hvYAZd4o1DvaO-Pbr0mJspCp-1kE6GNuUe9951POECo497ym_oGZ8l39OhDcwBZLw=s0-d-e1-ft" style="border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; color: #222222; font-family: arial, sans-serif; font-size: 12.8px; line-height: 23.4667px; margin-right: 0px; padding: 5px;" width="200" /></span></span></div><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: medium; font-weight: 400;"><i> </i></span></span></h1><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; letter-spacing: -0.03em; line-height: 1.2em; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: x-large; font-weight: 400;">Peak Oil Review – 18 April 2016 </span></span></h1><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; letter-spacing: -0.03em; line-height: 1.2em; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: #d5a6bd; font-size: small;">By Tom Whipple</span></span></h1><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 30px; font-weight: 400; letter-spacing: -0.03em; line-height: 1.2em; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><img alt="Association for the Study of Peak Oil USA" src="http://peak-oil.org/wp-content/uploads/ASPO-new-banner-adjusted2-120.png" height="163" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px;" width="400" /></h1><div style="line-height: 24px;"><div style="color: #666666;"><div style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong><u><br /></u></strong><strong><u>Quote of the Week</u></strong></div><div style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong><u><br /></u></strong></div><div style="font-family: arial, helvetica, sans-serif;"><br /></div><div style="text-align: center;"><i style="color: #606060; font-size: x-large;"><span style="font-family: Georgia, Times New Roman, serif;">"Wells Fargo’s foray into oil shows how Wall Street misjudged the risks hidden in an esoteric type of energy financing long thought to be bulletproof.”</span></i></div><div style="font-family: arial, helvetica, sans-serif; text-align: center;"><i style="color: #606060; font-family: Helvetica; font-size: x-large;"><br /></i></div><div style="color: #606060; font-family: helvetica; font-size: 16px; text-align: right; word-wrap: break-word;"><a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=14a42f0fbe&e=adb72e36e3" style="color: #606060; font-family: Helvetica; font-size: 16px; word-wrap: break-word;" target="_blank"><b></b></a><b><a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=14a42f0fbe&e=adb72e36e3" style="color: #606060; word-wrap: break-word;" target="_blank"><em>Asjylyn Loder</em></a><em>, Bloomberg News</em></b></div></div></div></div><div style="background-color: white; line-height: 24px; margin-bottom: 20px; text-align: center;"><div style="text-align: center;"><span style="color: #606060; font-family: "georgia" , "times new roman" , serif; font-size: large;"><i> </i></span></div><em style="color: #606060; font-family: helvetica; font-size: 16px; text-align: left;"></em></div><div style="background-color: white; line-height: 24px; margin-bottom: 20px; text-align: center;"><strong><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></strong><strong><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;">Contents</span></strong></div><div style="background-color: white; color: #666666; line-height: 24px; margin-bottom: 20px;"></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">1. Oil and the Global Economy</span></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">2. The Middle East & North Africa</span></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">3. China</span></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">4. Russia/Ukraine</span></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">5. The Briefs</span></div><br /><div style="background-color: white; color: #666666; line-height: 24px; margin-bottom: 20px; text-align: center;"><strong><u><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></u></strong></div><div style="background-color: white; margin-bottom: 20px; text-align: center;"><div style="line-height: 24px;"><strong><u><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;">1. Oil and the Global Economy </span></u></strong><br /><strong><u><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></u></strong><strong><u><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></u></strong><br /><div style="text-align: center;"><span style="color: #606060; text-align: left;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Oil prices climbed to recent highs early last week on hopes that the Doha meeting would eventually lead to some sort of production cut, a weaker dollar, and scattered production problems. Later in the week prices fell as the US crude glut continued to grow and expectations that something meaningful would come from the Doha meeting subsided. At week’s end, New York oil was at $40.36 and London at $43.10 up 2.8 percent for the week.</span></span></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060; text-align: left;"></span></span><br /><div style="text-align: center;"></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060; text-align: left;"></span><span style="color: #606060; text-align: left;"><div style="text-align: center;"><a href="http://s3.amazonaws.com/posttv-thumbnails-prod/thumbnails/57110634e4b06c3f3b0f671a/dohameeting1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://s3.amazonaws.com/posttv-thumbnails-prod/thumbnails/57110634e4b06c3f3b0f671a/dohameeting1.jpg" height="227" width="400" /></a>As many had predicted, the meeting in Doha on Sunday to freeze oil prices ended without an agreement. Even with the deal watered down to only last six months, the rivalry between Iran and the Saudis was too much for an agreement to reached. Some commentators believed that a minimum some sort of face-saving agreement would have been contrived, but even this did not happen. From now on oil price movements may be based more on fundamentals and less on wishful thinking about a nearly meaningless production freeze.</div></span></span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060; text-align: left;"><div style="text-align: center;"></div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;">Last week, the IEA, EIA, and OPEC issued their prognostications as to what was going to happen to oil production and prices in coming months. There is clearly considerable disagreement about the immediate future. The IEA has become the most optimistic, saying that the oversupply of oil which currently is about 1.5 million b/d will shrink to 200,000 b/d in the third and fourth quarters of 2016 thereby nearly eliminating surplus production. The Agency sees much of this decline in production coming from the US shale oil industry. This assessment is a shift in outlook, as a few weeks back the IEA was expecting overproduction to extend well into 2017. The agency remains confident that world oil consumption will increase by 1.2 million b/d this year.</div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;"></div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;"><a href="http://www.ogj.com/content/dam/ogj/online-articles/2016/01/Jan12EIASTEOWorldProdCons.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://www.ogj.com/content/dam/ogj/online-articles/2016/01/Jan12EIASTEOWorldProdCons.png" height="225" width="400" /></a>Other observers are not so sure that overproduction will shrink rapidly as the IEA is forecasting in the next six months. OPEC now sees global demand for oil as being less than previously thought. This is in line with an IMF projection that world economic activity will contract during the remainder of the year. OPEC says that its production will remain about the same for the remainder of the year, but that non-OPEC production will slip by 730,000 b/d during 2016. This is clearly a considerably smaller drop than the IEA is talking about. The EIA, in Washington, projects that US crude production which averaged 9.4 million b/d in 2015, will now come in at 8.6 million in 2016 and 8.0 million in 2017. The Administration’s recent numbers currently put US production just below 9 million b/d.</div></span></span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060; text-align: left;"><div style="text-align: center;"></div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;">New numbers from South Dakota released last week show crude production falling by only 4,000 b/d from January to February and that the state still has a backlog of some 900 wells that have been drilled and not yet completed. Oil producers in the state could continue without much of a drop in production just by completing already drilled wells along with a minimal amount of new drilling in sweet spots using the 29 drill rigs still in operation. The issue of just how fast US shale oil production will drop is still open. Deepwater production in the Gulf is expected to continue growing as drillers complete wells started years ago in which they have too much invested to delay production.</div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;"></div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;"><a 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" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Image result for bankrupt oil companies" border="0" src="data:image/jpeg;base64,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" /></a>The US shale oil industry, however, does not seem to be as impressed as speculators by the recent increase in prices and continues to reduce the number of rigs in operation. Much of this is due to serious financial problems. Hardly a day goes by now without a declaration of bankruptcy by a company in the US oil business. Many of these companies are billions in debt and have little hope of drilling themselves out of their problem unless oil prices return to record levels well above $100 a barrel. US bank earnings started to come out last week, and they are mostly down due to writing off billions in loans to oil companies that are now bankrupt. Numerous shale oil drillers have had their lines of credit sharply curtailed or subjected to harsh regulation by their bankers who are tiring of pouring money into losing operations with little prospect of profitability.</div></span></span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060; text-align: left;"><div style="text-align: center;"></div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;">In recent weeks, large numbers of oil tankers have been noted accumulating in unprecedented numbers just off of many major oil ports. Some of these tankers, such as those off Basra, Iraq, are waiting to load, but more oil is now being produced than the port facilities can handle, especially in bad weather. Off several Chinese oil ports, many tankers have been waiting for weeks for a chance to unload due to the boom in oil imports by China’s small independent refiners.</div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;"></div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;">In other places, oil that has already been sold profitability on the futures market is simply being stored aboard tankers until in is time for delivery. The final reason for the long lines of waiting tankers is that the onshore terminals are nearing capacity and that oil must be shifted around to make room for incoming shipments. Whatever the reason, anchored crude carriers are very expensive propositions and a few weeks’ delay in unloading can easily erase any profit the owners had hoped to make from the voyage. In the last two months, similar accumulations of an unusually large numbers of tankers have been reported off Rotterdam, Houston, and Venezuela. This situation may be another sign that some of the overproduction of oil that is taking place in the world is, for the time being, simply ending up sitting on oil tankers longer than usual.</div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;"></div></span><span style="color: #606060; text-align: left;"><div style="text-align: center;"><a href="http://cdn.andertoons.com/cartoon-blog/2014/01/business-cartoons-6550.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://cdn.andertoons.com/cartoon-blog/2014/01/business-cartoons-6550.png" /></a>There is clearly much confusion as to where oil prices, production, and consumption are going in the next year. Optimists are saying the oil price plunge of the last two years is now over and that the markets will rebalance before the end of the year. Pessimists still foresee the possibility that the overproduction of crude, now put at circa 1.5 million b/d, will continue into next year. They note that the oversupply is reported as increasing in March. Some see recent indications that China’s economy could be bottoming out as a hopeful sign of better economic growth ahead and some are talking of a major economic disaster in the coming year.</div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj95mdLqVZY3GgGGl6EGhicEvDHfvm9rhcjONJDMoSgijewmYK2BV0tQdzXTQidCjJknNm7bTZomJLogcwKgZno7hguqKAPlQW0mzr8KM5OBHwqcU2ZqCbl8WR7xhT6kEy42G8Tbw2wkytu/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj95mdLqVZY3GgGGl6EGhicEvDHfvm9rhcjONJDMoSgijewmYK2BV0tQdzXTQidCjJknNm7bTZomJLogcwKgZno7hguqKAPlQW0mzr8KM5OBHwqcU2ZqCbl8WR7xhT6kEy42G8Tbw2wkytu/s200/az+%25281%2529.jpg" width="200" /></a></div><div style="text-align: center;"><br /></div></span></span></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-23106706653607749252016-04-17T21:02:00.000-07:002016-04-24T13:03:56.647-07:00Today's ENERGY News - 18 April 2016<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVCqmdS5JCx0Vt3doKxNYHyB0i84fkd62dnLmEwjxe8h5o6n1FqTf161KWNvFT0eZT3036Ja0cqpdIDRbX2KME8jsTJHJwGgBRnzenqL9-q5XZlohAxSPBTF8rSRv0ErFyqfV6A1oYigpF/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVCqmdS5JCx0Vt3doKxNYHyB0i84fkd62dnLmEwjxe8h5o6n1FqTf161KWNvFT0eZT3036Ja0cqpdIDRbX2KME8jsTJHJwGgBRnzenqL9-q5XZlohAxSPBTF8rSRv0ErFyqfV6A1oYigpF/s640/azzz+%25281%2529.gif" width="640" /></a></div><div style="text-align: center;"><br /></div><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><h2 style="background-color: white; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Oil Slips While All Eyes Are On Doha</span></h2><div><span style="color: blue; font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img height="284" src="https://0.s3.envato.com/files/109048766/pv_590.jpg" width="400" /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">When looking at some of the key figures for the oil and gas industry this week, in which we see that oil prices have lost some of their gains and in which we continue to notice a decline in U.S. crude oil production which has now slipped below 9 million barrels per day. </span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> Friday April 15th 2016 Oil prices held their ground above $40 per barrel this week, bouncing around at their highest levels since December 2015. Prices lost some ground at the end of the week but held their ground, awaiting the result from Doha when several OPEC members sit down with Russia to hash out their production freeze deal. There has been a lot of confusion surrounding the meeting – whether Saudi Arabia would sign up without Iran’s participation, whether or not […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=d164467f11&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> oilprice.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">North Dakota Oil Production Falls for Third Month in a Row</span></h2><div style="background-color: white; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><div style="color: #606060;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">North Dakota crude oil production fell for the third month in a row, ticking down 0.4% in February and hitting its lowest level in 18 months. Slumping oil prices are starting to affect output in U.S. shale fields, including the prolific Bakken formation in North Dakota. Oil production in the state dropped to 1.11 million barrels a day in February from 1.12 million barrels a day in January , according to the latest data from the North Dakota Department of Mineral Resources. </span></div><div style="color: #606060;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060;"> </span><span style="color: blue;">Supporting Exhibit</span></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><img alt="Bakchart/" height="384" src="https://sites.google.com/site/dc78image/images/blog160415a.png" width="640" /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><i><span style="color: blue;"><span style="font-family: "georgia" , "garamond" , "baskerville" , "times new roman" , "times" , serif; font-size: 16px; line-height: 24px;">North Dakota </span><a href="https://www.dmr.nd.gov/oilgas/stats/historicalbakkenoilstats.pdf" style="font-family: Georgia, Garamond, Baskerville, 'Times New Roman', Times, serif; font-size: 16px; line-height: 24px; text-align: start;" target="_blank">data from the NDIC </a><span style="font-family: "georgia" , "garamond" , "baskerville" , "times new roman" , "times" , serif; font-size: 16px; line-height: 24px;">is out. Bakken Three/Forks data shown in chart above (NDIC Data) with a Red Queen Model (based on </span><a href="http://www.theoildrum.com/node/9506" style="font-family: Georgia, Garamond, Baskerville, 'Times New Roman', Times, serif; font-size: 16px; line-height: 24px; text-align: start;">Rune Likvern’s </a><span style="font-family: "georgia" , "garamond" , "baskerville" , "times new roman" , "times" , serif; font-size: 16px; line-height: 24px;">original work) using data gathered from the NDIC by Enno Peters to develop well profiles.</span></span></i><br /><div style="text-align: right;"><i><span style="color: blue;"><span style="font-family: "georgia" , "garamond" , "baskerville" , "times new roman" , "times" , serif; font-size: 16px; line-height: 24px;"><b>Peak Oil Barrel</b></span></span></i></div></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">The state’s output hasn’t been that low since July 2014. The slightly lower production in February follows a 2.6% drop in January and a 2.5% slide in December , data from the department show. February’s slower pace of decline reflected an uptick in completions of previously drilled wells, as cash-strapped producers sought to boost revenue despite low oil prices, said Lynn Helms, director of the state’s Department […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=8f7acc8af1&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.wsj.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc1" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc26" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc26" style="color: #2d61a5; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Goodrich Petroleum Files For Chapter 11 Bankruptcy Protection</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000GDPAN-&SF:1%7C5-BG=FFFFFF-BT=0-WD=635-HT=395-" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000GDPAN-&SF:1%7C5-BG=FFFFFF-BT=0-WD=635-HT=395-" height="248" width="400" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">The company has filed for chapter 11 bankruptcy protection. Troubled U.S. oil and gas firm Goodrich Petroleum Corp. said on Friday it has filed for chapter 11 bankruptcy protection, joining the ranks of a number of energy companies that have fallen victim to volatile oil and gas prices. The Houston-based energy firm, which was first formed in 1995 and has interests in shale properties in Mississippi, Louisiana, and Texas, filed for protection to eliminate $400 million in debt, leaving behind only $40 million in debt related to a first lien reserve based loan facility. </span><br /><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Goodrich says it expects to maintain sufficient liquidity during the financial restructuring to continue running its operations, including paying salaries and suppliers. The company filed for chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division after failing to secure shareholder and debtholder […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=04b70c2193&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> www.wsj.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc1" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc27" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc27" style="color: #2d61a5; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Clinton, Sanders spar over fracking</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://stmedia.startribune.com/images/ows_14395106091685.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://stmedia.startribune.com/images/ows_14395106091685.jpg" height="317" width="400" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Democratic presidential candidates Hillary Clinton and Bernie Sanders debated for the ninth time Thursday in New York. Photo by Ray Stubblebine/UPI NEW YORK, April 15 (UPI) — Hillary Clinton said gas from shale is the bridge to a cleaner future, though rival Bernie Sanders said embracing fossil fuels was the wrong policy move. CNN hosted the debate between the former Secretary of State Clinton and Vermont Sen. Sanders in Brooklyn ahead of the state primary. Sanders has called for a ban on hydraulic fracturing, known also as fracking, as part of a push to advance a low-carbon economy. </span><br /><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Pressured on the potential loss of jobs, the senator said the consequences of oil and gas weren’t the fault of industry workers. “It is not their fault that fossil fuels are destroying our climate,” he said. “But we have got to stand up and say right now, as we would if […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=3e12c740cb&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">View full article at www.upi.com</span></a></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc1" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc28" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc28" style="color: #2d61a5; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Wall Street’s Oil Crash, a Story Told in Charts</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Here’s Why Wells Fargo Profit Fell This is what it looks like on the down side of the biggest oil boom in U.S. history. JPMorgan Chase & Co., Wells Fargo & Co. , Bank of America Corp. and Citigroup Inc., with a combined $190 billion in energy loan exposure, all announced this week that they’re setting aside more money to cover losses. Though energy is a relatively small share of their assets, it’s been a big issue on analyst calls this week. The record-breaking surge in U.S. oil production wouldn’t have been […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=22acd8fe7a&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> www.bloomberg.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc1" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc29" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-2450422231189378253_mctoc29" style="color: #2d61a5; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Should Canadians Be Rooting for Lower Oil Prices?</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img src="http://www.liveca.ca/newsite/wp/wp-content/uploads/2013/01/canada.jpg" height="436" width="640" /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">CIBC World Markets Corp. Deputy Chief Economist Benjamin Tal suggests there’s another unfamiliar force Canadians ought to embrace: lower oil prices. For Alberta, the nation’s energy producing heartland, oil’s move from $30 to $40 per barrel “is not a gamechanger,” according to Tal, as it’s unlikely to spur producers to boost capital spending. But on the flip side, the pickup in oil prices is making it harder for the rest of the economy to perform well, he said. Because oil plays an immense role in determining Canada’s terms of trade, there is a strong correlation between the value of the Canadian dollar and crude prices. The recent strength of the loonie could jeopardize the competitive advantage exporters have […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=e201877a0e&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> www.bloomberg.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8DSAkLPoBAaicy7rscrWqjFj62A8c4GFfHnfIbJ2jTvkWPBNgI8IaCm_6QmgpGoUgKqzI4f4e8RR9OwEkUcdJd5fNSBYoQ2jM-ZFa6Y1dMeh4rvSXRk-pXKyZh-WiWvUFrPZNCAialtIO/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8DSAkLPoBAaicy7rscrWqjFj62A8c4GFfHnfIbJ2jTvkWPBNgI8IaCm_6QmgpGoUgKqzI4f4e8RR9OwEkUcdJd5fNSBYoQ2jM-ZFa6Y1dMeh4rvSXRk-pXKyZh-WiWvUFrPZNCAialtIO/s200/az+%25281%2529.jpg" width="200" /></a></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-71161427676307010792016-04-17T10:06:00.000-07:002016-04-24T13:03:56.666-07:00Oil Slides as Hope Fades for Doha Agreement<div dir="ltr" style="text-align: left;" trbidi="on"><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; font-weight: normal; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><br /></h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; font-weight: normal; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><img height="426" src="https://si.wsj.net/public/resources/images/BN-NP000_2doha0_P_20160417042614.jpg" width="640" /></h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; font-weight: normal; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><span style="font-family: Georgia, Times New Roman, serif;"><br /></span></h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; font-weight: normal; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><span style="font-family: Georgia, Times New Roman, serif;">Oil falls as investors expect</span></h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; font-weight: normal; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><span style="font-family: Georgia, Times New Roman, serif;"> little from Doha meeting</span></h1><div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span class="focusParagraph" style="background-color: white; transform: translate3d(0px, 0px, 0px);"><div style="color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><br /></div><div style="color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;">Oil prices fell on Friday in subdued trade as traders and analysts anticipate a weekend meeting of major oil exporters to do little to help to clear global oversupply quickly, even though it would provide a floor for the market.</div></span><span id="midArticle_1" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><a href="https://si.wsj.net/public/resources/images/MI-BI009_RUSSIA_NS_20110123180025.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="274" src="https://si.wsj.net/public/resources/images/MI-BI009_RUSSIA_NS_20110123180025.jpg" style="background-color: transparent; text-align: left;" width="400" /></a><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">All eyes are on Doha as producers, led by top exporters Saudi Arabia and Russia, meet on Sunday to discuss freezing output around current levels in an effort to contain a glut exacerbated by production that exceeds demand by about 1.5 million barrels a day.</span></div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span id="midArticle_2" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">It would be the first joint action by major OPEC and non-OPEC producers in 15 years, although Iran has refused to participate, saying that it wants to rebuild its output to levels achieved before imposition of the recently lifted economic sanctions.</span></div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span id="midArticle_3" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">"Unless there's a total surprise, the likelihood is that the Doha meeting on Sunday between OPEC/non-OPEC will produce something very wishy washy and will be nothing more than smoke and mirrors," one trader said. "I therefore want to sell crude today."</span></div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span id="midArticle_4" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Traders said profit-taking by funds ahead of the meeting also added to the pressure on prices in the session.</span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Brent crude futures LCOc1 settled down 74 cents at $43.10 while U.S. crude CLc1 ended down $1.14 cents at $40.36. Both contracts lost more than 3.5 percent earlier in the day. However, on a weekly basis, prices were higher for the second week in a row in the run up to the meeting.</span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><a href="http://static4.businessinsider.com/image/569987f5e6183e591e8b9e74-1200-900/rigs.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="300" src="http://static4.businessinsider.com/image/569987f5e6183e591e8b9e74-1200-900/rigs.png" style="background-color: transparent; text-align: left;" width="400" /></a><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Oil also trimmed some losses after data from Baker Hughes showed U.S. energy firms cut oil rigs for a fourth week in a row to the lowest level since November 2009.</span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">With discussions among producers focusing on freezing output rather than cutting it, most <a class="itxtnewhook itxthook" href="http://www.reuters.com/article/us-global-oil-idUSKCN0XB027?il=0#" id="itxthook0" rel="nofollow" style="background-color: transparent; background-image: none; border: 0px none transparent; color: #006e97; cursor: pointer; display: inline; padding: 0px; text-decoration: none; transition: color 0.05s ease-in-out;"><span class="itxtrst itxtrstspan itxtnowrap" id="itxthook0p" style="background-color: transparent; border: 0px; bottom: auto; display: inline !important; float: none !important; height: auto; left: auto; line-height: normal; margin: 0px !important; padding: 0px !important; position: static; right: auto; top: auto; transform: translate3d(0px, 0px, 0px); white-space: nowrap !important;"><span class="itxtrst itxtrstspan itxtnowrap itxtnewhookspan" id="itxthook0w" style="background-color: transparent; border-color: transparent transparent rgb(0, 204, 0); border-style: none none solid; border-width: 0px 0px 1px; bottom: auto; color: #009900; display: inline; float: none; height: auto; left: auto; margin: 0px !important; padding: 0px 0px 1px !important; position: static; right: auto; text-decoration: underline !important; top: auto; transform: translate3d(0px, 0px, 0px); white-space: normal;">analysts</span><img class="itxtrst itxtrstimg itxthookicon" id="itxthook0icon" src="http://images.intellitxt.com/ast/adTypes/icon1.png" style="background-color: transparent; border: 0px !important; bottom: auto; display: inline !important; float: none !important; height: auto !important; left: auto; margin: 0px !important; max-height: none; max-width: none !important; padding: 0px 0px 0px 4px !important; position: static; right: auto; top: auto; transform: translate3d(0px, 0px, 0px); vertical-align: baseline !important; white-space: normal; width: auto !important;" /></span></a> said they had little hope for a deal that reduces the global oversupply.</span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">The crude surplus has pulled down crude prices by as much as 70 percent since mid-2014.</span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span id="midArticle_6" style="color: black; line-height: normal; text-align: start; transform: translate3d(0px, 0px, 0px);"></span><span id="midArticle_7" style="color: black; line-height: normal; text-align: start; transform: translate3d(0px, 0px, 0px);"></span><span id="midArticle_8" style="color: black; line-height: normal; text-align: start; transform: translate3d(0px, 0px, 0px);"></span><span style="color: black; line-height: normal; text-align: start;"></span><span class="second-article-divide" style="color: black; line-height: normal; text-align: start; transform: translate3d(0px, 0px, 0px);"></span><span id="midArticle_9" style="color: black; line-height: normal; text-align: start; transform: translate3d(0px, 0px, 0px);"></span></span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">"A cut in production is very unlikely at this meeting and I would say it will probably not even be a discussion item on the meeting agenda," said Energy Management Institute <a class="itxtnewhook itxthook" href="http://www.reuters.com/article/us-global-oil-idUSKCN0XB027?il=0#" id="itxthook1" rel="nofollow" style="background-color: transparent; background-image: none; border: 0px none transparent; color: #006e97; cursor: pointer; display: inline; padding: 0px; text-decoration: none; transition: color 0.05s ease-in-out;"><span class="itxtrst itxtrstspan itxtnowrap" id="itxthook1p" style="background-color: transparent; border: 0px; bottom: auto; display: inline !important; float: none !important; height: auto; left: auto; line-height: normal; margin: 0px !important; padding: 0px !important; position: static; right: auto; top: auto; transform: translate3d(0px, 0px, 0px); white-space: nowrap !important;"><span class="itxtrst itxtrstspan itxtnowrap itxtnewhookspan" id="itxthook1w" style="background-color: transparent; border-color: transparent transparent rgb(0, 204, 0); border-style: none none solid; border-width: 0px 0px 1px; bottom: auto; color: #009900; display: inline; float: none; height: auto; left: auto; margin: 0px !important; padding: 0px 0px 1px !important; position: static; right: auto; text-decoration: underline !important; top: auto; transform: translate3d(0px, 0px, 0px); white-space: normal;">analyst</span><img class="itxtrst itxtrstimg itxthookicon" id="itxthook1icon" src="http://images.intellitxt.com/ast/adTypes/icon1.png" style="background-color: transparent; border: 0px !important; bottom: auto; display: inline !important; float: none !important; height: auto !important; left: auto; margin: 0px !important; max-height: none; max-width: none !important; padding: 0px 0px 0px 4px !important; position: static; right: auto; top: auto; transform: translate3d(0px, 0px, 0px); vertical-align: baseline !important; white-space: normal; width: auto !important;" /></span></a>Dominick Chirichella.</span></div><div style="background-color: white; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="color: magenta; font-family: Georgia, Times New Roman, serif; font-size: large;">READ MORE</span></div><div style="background-color: white; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="color: magenta; font-family: Georgia, Times New Roman, serif; font-size: large;"><a href="http://www.reuters.com/article/us-global-oil-idUSKCN0XB027?il=0" target="_blank">Reuters</a></span></div><div style="background-color: white; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6c6BTuPmx3jP1Hha3dS23Fscvq91SzVZ7o8CYgGCgs-6c0_Zq2y0mgbajd83CxeKseehA0XhgAP_Zm-jDSmqVGPv4gsAOdau1Bo3Du-Gj0W53Q14GoHpDYgdgr92N9mWOLxl9W9IqaUtt/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="168" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6c6BTuPmx3jP1Hha3dS23Fscvq91SzVZ7o8CYgGCgs-6c0_Zq2y0mgbajd83CxeKseehA0XhgAP_Zm-jDSmqVGPv4gsAOdau1Bo3Du-Gj0W53Q14GoHpDYgdgr92N9mWOLxl9W9IqaUtt/s320/azzz+%25281%2529.gif" width="320" /></a></div><div style="background-color: white; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><br /></div></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-53887490145882241462016-04-16T12:59:00.000-07:002016-04-24T13:03:56.686-07:00At Last OPEC No Longer Drives the Bus<div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: center;"><br /></div><div style="text-align: center;"><img height="431" src="https://img.washingtonpost.com/wp-apps/imrs.php?src=https://img.washingtonpost.com/rf/image_908w/2010-2019/Wires/Images/2015-06-03/Bloomberg/223268810.jpg&w=1484" width="640" /></div><div style="text-align: center;"><span style="color: #2a2a2a; font-family: PostoniStandardBold, Georgia, serif; font-size: 48px; line-height: 55.2px;"><br /></span></div><div style="text-align: center;"><span style="color: #2a2a2a; font-family: PostoniStandardBold, Georgia, serif; font-size: 48px; line-height: 55.2px;">How OPEC lost control of the oil market</span></div><div style="text-align: center;"><span style="color: #2a2a2a; font-family: PostoniStandardBold, Georgia, serif; font-size: 48px; line-height: 55.2px;"><br /></span></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">This weekend, 13 countries with little in common will attempt to act as one – by coming to an agreement to curb oil production and prop up prices.</span></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">But the quarrelling members of the Organization of the Petroleum Exporting Countries, who meet Sunday in Doha, Qatar, have been acting less like a cartel and more like observers to a free market in crude oil. And the odds of the group reaching anything more than a fragile agreement to “freeze” output at current levels are slim.</span></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><a href="https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQWKYlcMJxDtfZaHxF25_eB3lTrV6sLD58uY3MHf7ZxUe-3Efcz" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Image result for infighting opec cartoon" border="0" height="243" src="https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQWKYlcMJxDtfZaHxF25_eB3lTrV6sLD58uY3MHf7ZxUe-3Efcz" style="text-align: left;" width="400" /></a><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Given the nature of the 46-year-old cartel, it’s no wonder. Two of the group’s members – longtime foes Iran and Saudi Arabia – are backing warring proxies in Syria and Yemen. Countries like the United Arab Emirates have fiscal buffers against low oil prices, while cash-strapped inflation-riddled Venezuela is scraping to avoid default. Nigeria counts on 1.7 million barrels a day to help meet the needs of 173 million people while Kuwait produces 2.8 million barrels a day with a population of 3.4 million.</span></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Decades ago, there were effective cartels that managed notoriously unstable oil prices. Standard Oil, before it was broken up under antitrust laws, leveled off prices in the late 1800s and early 1900s. And from the early 1930s through 1970, the Texas Railroad Commission dictated output well by well in Texas, effectively taking available crude oil off the market to bolster prices at a consistent, albeit high, level.</span></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">These two price setters had a key advantage OPEC lacks. Standard Oil executives could make decisions around the breakfast table of founder John D. Rockefeller. And the Texas Railroad Commission did not have to negotiate with rival states or countries with differing interests.</span></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><a href="http://media.cagle.com/18/2005/06/13/16480_600.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="280" src="http://media.cagle.com/18/2005/06/13/16480_600.jpg" style="text-align: left;" width="400" /></a><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">OPEC, by comparison, is a fractious lot whose members want the others to cut production without cutting themselves. Usually that means cuts by Saudi Arabia, which has usually taken on the role of swing producer. But the kingdom is tired of losing market share while other oil exporters cash in and for the past year and a half it has been pumping at high rates, willing to persist even as prices crashed from more than $100 a barrel two years ago to $40.34 a barrel Friday.</span></div><div style="box-sizing: border-box; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><span style="color: magenta; font-family: Georgia, Times New Roman, serif; font-size: large;">Read More</span></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><a href="https://www.washingtonpost.com/news/energy-environment/wp/2016/04/15/how-opec-lost-control-of-the-oil-market/?hpid=hp_hp-top-table-main_opeccartel-735pm%3Ahomepage%2Fstory" target="_blank">Washington Post </a></span></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggSX7sEWFzzQhHLLjjLkf6DDVjilIhE3Kpyt6WoDdmc8ItSLKevaHMnXvEYJvmCvmxi6S43C7Gflx5NVhjQEs3vMutluPsgMbukD5BbVcTteo0_HAEChdQ8S8e2ash8ywudeEgaq3LMY_h/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEggSX7sEWFzzQhHLLjjLkf6DDVjilIhE3Kpyt6WoDdmc8ItSLKevaHMnXvEYJvmCvmxi6S43C7Gflx5NVhjQEs3vMutluPsgMbukD5BbVcTteo0_HAEChdQ8S8e2ash8ywudeEgaq3LMY_h/s200/az+%25281%2529.jpg" width="200" /></a></div><div style="box-sizing: border-box; color: #111111; line-height: 1.8em; margin-bottom: 24px; text-align: center;"><br /></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-7769281908552734262016-04-15T23:24:00.000-07:002016-04-24T13:03:56.705-07:00EYE on the World - 15 April 2016<div dir="ltr" style="text-align: left;" trbidi="on"><span class="HOEnZb adL" style="-webkit-text-stroke-width: 0px; background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px;"></span><br /><div class="gmail_quote" style="-webkit-text-stroke-width: 0px; background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px;"><div dir="ltr"><div><span class="im" style="color: #500050;"><h3 style="font-family: arial, sans-serif; font-stretch: normal; margin: 0px; text-align: center;"><span style="color: black; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-weight: normal;"><span style="font-size: x-large;"><i>"Going Beyond The Mainstream" </i></span></span></h3><div><span style="color: black; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-weight: normal;"><span style="font-size: medium;"><br /></span></span></div><h3 style="font-family: arial, sans-serif; font-size: large; font-stretch: normal; margin: 0px; text-align: center;"><span style="color: black; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-weight: normal;">Impactful Week With Some Buzziness! </span></h3><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; margin: 0px; text-align: center;"><span style="color: black;"> </span></h3><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0px; text-align: center;"><span style="color: black;"><img alt="Inline images 6" class="CToWUd a6T" height="383" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=1541da9df5ff9d8f&attid=0.6&disp=emb&realattid=ii_153f4ca4f3cf7835&attbid=ANGjdJ8k3eHrlTQKyBXVcxNnFpBWZym3ja0tHnIgtcz0hYRnRSlclRhNLSQtu5TQP5xeWjsHaaoWRL2Z_0X5zXyvkkCmxNOUisVZ2_E0RFJwJseqqsglwSLi2J1jnsA&sz=w1142-h766&ats=1460786766634&rm=1541da9df5ff9d8f&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="571" /></span></h3><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="background-color: white; color: black; text-decoration: none;"> </span></h3></span><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="background-color: white; color: black; text-decoration: none;"><span style="font-weight: normal;"> </span>Russian Jets<div class="gmail_default" style="display: inline; font-family: georgia, serif; font-size: large;"> </div>Buzzing US Warships </span></h3><div class="yj6qo ajU" style="cursor: pointer; margin: 2px 0px 0px; outline: none; padding: 10px 0px; width: 22px;"><div aria-label="Hide expanded content" class="ajR" data-tooltip="Hide expanded content" id=":171" role="button" style="background-color: #f1f1f1; border: 1px solid rgb(221, 221, 221); clear: both; line-height: 6px; outline: none; position: relative; width: 20px;" tabindex="0"><img class="ajT" src="https://ssl.gstatic.com/ui/v1/icons/mail/images/cleardot.gif" style="background: url("//ssl.gstatic.com/ui/v1/icons/mail/ellipsis.png") no-repeat; height: 8px; opacity: 0.3; width: 20px;" /></div></div><div class="adL"><div class="adm" style="margin: 5px 0px;"></div><div class="im" style="color: #500050;"><div style="text-align: center;"><b style="font-family: 'PT Sans Caption'; font-size: x-large; line-height: 33.6px;"><span style="background-color: white; color: black;"><br /></span></b></div><div style="text-align: center;"><b style="font-family: 'PT Sans Caption'; font-size: x-large; line-height: 33.6px;"><span style="background-color: white; color: black;">Close encounters of another kind.</span></b><span style="background-color: white; color: black; text-decoration: none;"><br /></span></div><div style="text-align: center;"><b style="font-family: 'PT Sans Caption'; font-size: x-large; line-height: 33.6px;"><span style="background-color: white; color: black;"><br /></span></b></div><div style="text-align: center;"><b style="font-family: 'PT Sans Caption'; font-size: x-large; line-height: 33.6px;"><span style="background-color: white; color: black;"><img alt="Inline images 1" class="CToWUd a6T" height="405" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=1541da9df5ff9d8f&attid=0.3&disp=emb&realattid=ii_1541d4c56ecc84dc&attbid=ANGjdJ_jSYI8lyKGYcE2G0xn7QihYiWkDuC_aMikzKYwVF-WFlJ07ogUe2Sj-0p6zHGLWoOOzHXqRC-f96VroTQvhX3ehsPVBVGj6Hr9aCxlNSQBixuPk_zxQCaK568&sz=w1220-h810&ats=1460786766636&rm=1541da9df5ff9d8f&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="610" /> </span></b></div><div style="text-align: center;"><b style="font-family: 'PT Sans Caption'; font-size: x-large; line-height: 33.6px;"><span style="background-color: white; color: black;"><br /></span></b></div><div style="text-align: right;"><span style="background-color: white; color: black;"><span style="font-family: 'PT Sans Caption'; font-size: 15.4px; line-height: 21.56px;"><span style="font-family: Georgia, 'Times New Roman', serif; font-size: medium;"><i><span style="line-height: 24px;">"These actions have the potential to unnecessarily escalate tensions between countries, and could result in a miscalculation or accident </span>that could cause serious injury or death.” </i></span></span><b style="font-family: Georgia, 'Times New Roman', serif; font-size: 15.4px; line-height: 24px; text-align: right;"> The Guardian</b><b style="font-family: 'PT Sans Caption'; font-size: x-large; line-height: 33.6px;"><br /></b></span></div><h3 style="font-stretch: normal; margin: 0px; text-align: center;"><div style="text-align: start; width: 780px;"><div dir="ltr"><div><b style="background-color: #660000; color: #f9cb9c; font-family: Georgia, 'Times New Roman', serif; line-height: 24px; text-align: right;"><br /></b></div></div></div></h3><h1 style="margin: 0px; padding-bottom: 2.25rem; padding-top: 0.375rem; text-align: center;"><span style="background-color: white;"><span style="color: black;"><span style="font-family: 'Guardian Egyptian Web', 'Guardian Text Egyptian Web', Georgia, serif; font-size: 2.25rem; font-weight: normal; line-height: 2.5rem;">Russian attack jets buzz US warship in riskiest encounter for years</span></span></span></h1><h1 style="margin: 0px; padding-bottom: 2.25rem; padding-top: 0.375rem; text-align: center;"><span style="background-color: white;"><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><a href="http://www.drkinesa.blogspot.ca/2016/04/alert-russian-jets-now-buzzing-us.html" style="color: #1155cc;" target="_blank">READ MORE </a></span></span></span></span></h1><div><span style="background-color: white;"><span style="color: black;"><br /></span></span></div><div><span style="background-color: white;"><span style="color: black;"><br /></span></span></div><div><span style="background-color: white;"><span style="color: black;"><br /></span></span></div><div><span style="background-color: white;"><span style="color: black;"><br /></span></span></div><h3 style="font-stretch: normal; margin: 0px; text-align: center;"><span style="background-color: white; color: black;"><span style="font-family: Georgia, Utopia, Palatino Linotype, Palatino, serif;"><span style="font-size: 50px; font-weight: normal;"> </span></span><span style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-weight: normal;">Harvard Study: Now Methane Causes Worse Impact on Climate</span></span></h3><div style="text-align: center;"><h1 style="border: 0px; font-family: 'PT Sans Caption'; line-height: 61.036px; margin: 0px 0px 20px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: 'mercury display a', 'mercury display b'; line-height: 32px;"><span style="background-color: white;"><span style="color: black; font-size: medium;">WHO BATS LAST?</span></span></span></h1></div><div style="text-align: center;"><span style="color: black; font-family: Georgia, Utopia, Palatino Linotype, Palatino, serif;"><span style="font-size: 50px; font-weight: normal;"><img alt="Inline images 2" class="CToWUd a6T" height="236" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=1541da9df5ff9d8f&attid=0.5&disp=emb&realattid=ii_1541d5710445993c&attbid=ANGjdJ8synoIPwD5qR_wPKblJzxeKPt9Dl-hf40es6rrZc5n9p0gYq-tBkmgSKpGn17lZZ0QsQNx1CTGAKQQweT6PVuk_bu2NhwiOsOoip7ZpdpFX30z1o08P7hrABw&sz=w1002-h472&ats=1460786766640&rm=1541da9df5ff9d8f&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="501" /></span></span></div><div style="text-align: center;"><h1 style="border: 0px; font-family: 'PT Sans Caption'; font-size: 57.985px; line-height: 61.036px; margin: 0px 0px 20px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="background-color: white; font-family: 'mercury display a', 'mercury display b'; font-size: 20px; font-weight: normal; line-height: 32px;"><i><span style="color: black;">That’s why last month’s Harvard study came as such a shock. It used satellite data from across the country over a span of more than a decade to demonstrate that US methane emissions had spiked 30 percent since 2002. The EPA had been insisting throughout that period that methane emissions were actually falling, but it was clearly wrong—on a massive scale. In fact, emissions “are substantially higher than we’ve understood,” EPA Administrator Gina McCarthy admitted in early March.</span></i></span></h1><div style="font-family: 'PT Sans Caption'; font-size: 15.4px; line-height: 21.56px; text-align: right;"><span style="background-color: white; font-family: 'mercury display a', 'mercury display b'; line-height: 32px;"><b><span style="color: black;">THE NATION</span></b></span></div><div><span style="background-color: #660000; font-family: 'mercury display a', 'mercury display b'; line-height: 32px;"><b><span style="color: yellow;"><br /></span></b></span></div></div><div style="text-align: center;"><h1 style="margin: 0px; padding-bottom: 2.25rem; padding-top: 0.375rem;"><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><a href="http://www.drkinesa.blogspot.ca/2016/04/harvard-study-now-methane-causes-worse.html" style="color: #1155cc;" target="_blank">READ MORE </a></span></span></span></h1><div><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><br /></span></span></div><div><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><br /></span></span></span></div><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0px; text-align: center;"><span style="background-color: white; color: black;">GOLDMAN SACHS - Not Too Big to Jail</span></h3></div><div style="text-align: center;"><span style="color: black; font-family: Georgia, Utopia, Palatino Linotype, Palatino, serif;"><span style="font-size: 50px; font-weight: normal;"><br /></span></span></div><div style="text-align: center;"><span style="color: black; font-family: Georgia, Utopia, Palatino Linotype, Palatino, serif;"><span style="font-size: 50px; font-weight: normal;"><img alt="Inline images 3" class="CToWUd a6T" height="272" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=1541da9df5ff9d8f&attid=0.2&disp=emb&realattid=ii_1541d59d7783490f&attbid=ANGjdJ8GdtrM9oyegt2QuIbBn578XYMcv1Z9FV7rtjqebUdX-EBGiTMkH0y55H183_DVPoxzdQ3vW-yUTuYLORtGYLYQcwN3gfuujH6iAZgDNTJJyoZOo-hkFSQCDe8&sz=w824-h544&ats=1460786766643&rm=1541da9df5ff9d8f&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="412" /></span></span></div></div></div></div><div class="adL"><div class="adm" style="margin: 5px 0px;"></div><div class="im" style="color: #500050;"><div style="display: inline; font-family: georgia, serif; font-size: large;"><div style="text-align: center;"><div style="display: inline;"><br /></div></div><div style="text-align: center;"><div style="display: inline;"><b> It's about TIME</b></div></div><div style="text-align: center;"><div style="display: inline;"><b><br /></b></div></div><div style="text-align: center;"><span style="background-color: white; color: black;"><span style="font-family: georgia, 'times new roman', serif; line-height: 1.6em; text-align: center;">Goldman Sachs Group Inc (</span><span style="font-family: georgia, 'times new roman', serif; line-height: 1.6em; text-align: center;"><a href="http://www.reuters.com/finance/stocks/overview?symbol=GS.N" style="color: #1155cc; text-decoration: none;" target="_blank">GS.N</a></span><span style="font-family: georgia, 'times new roman', serif; line-height: 1.6em; text-align: center;">) has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday.</span></span></div></div><h2 style="border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1px; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 20px; font-stretch: normal; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="background-color: white; font-family: georgia, 'times new roman', serif; font-size: medium;"><span style="color: black;"><span style="font-weight: normal; letter-spacing: normal; line-height: normal; text-align: start;"></span><div style="font-weight: normal; letter-spacing: normal; line-height: 1.6em; margin-bottom: 20px; padding: 0px;">The settlement, which Goldman disclosed in January, stems from the firm's conduct in packaging, securitization, marketing and sale of residential mortgage-backed securities between 2005 and 2007, the Justice Department said.</div><div style="font-weight: normal; letter-spacing: normal; line-height: 1.6em; margin-bottom: 20px; padding: 0px;"><div style="font-family: georgia, serif; font-size: large; text-align: right;">REUTERS</div></div></span></span></h2><h1 style="margin: 0px; padding-bottom: 2.25rem; padding-top: 0.375rem; text-align: center;"><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><a href="http://pwa2000.blogspot.ca/2016/04/goldman-sachs-not-too-big-to-jail.html" style="color: #1155cc;" target="_blank">READ MORE </a></span></span></span><span style="background-color: white; color: black; text-decoration: none;"><br /></span></h1><div><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><br /></span></span></span></div><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 42px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="background-color: white; color: black; text-decoration: none;">FED's Four Horsemen Bring Economic Dark Ages<div style="display: inline; font-family: georgia, serif; font-size: large;"> </div></span></h3><div><span style="background-color: white; color: black; text-decoration: none;"><div style="display: inline; font-family: georgia, serif; font-size: large;"><br /></div></span></div><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 42px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><img alt="Inline images 4" class="CToWUd a6T" height="219" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=1541da9df5ff9d8f&attid=0.4&disp=emb&realattid=ii_1541d5dd3d6b4c4c&attbid=ANGjdJ-sFu_Wr9qsctQY2fNAhKlMCRZCQI2eNNBhsOzmrXebmQlekdXBoiAsvP-2qtHco_KY-J72fDGiJ8KViPE86gjnkpD0pCgb6Mo35cdNMhs900n0gnw5ZZjyAFo&sz=w786-h438&ats=1460786766645&rm=1541da9df5ff9d8f&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="393" /></h3><div><br /></div><div><div style="font-family: georgia, serif; font-size: large; text-align: center;"></div><div style="font-family: georgia, serif; font-size: large; text-align: center;"><b>NOT A FOOTBALL TEAM THIS TIME </b></div></div><div><br /></div><div><br /></div><div><div class="MsoNormal" style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; line-height: 1.4em; margin: 0px 0px 1em 0.25in; padding: 0px; text-align: center;"><i style="margin: 0px; padding: 0px;"><span style="background-color: white; font-family: Georgia, 'Times New Roman', serif; font-size: 15px;"><span style="color: black;"><div style="display: inline; font-family: georgia, serif; font-size: large;">"</div>I</span></span><span style="font-family: Georgia, 'Times New Roman', serif;"><span style="color: black; font-size: medium;"><span style="background-color: white;">f the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.<div style="display: inline; font-family: georgia, serif; font-size: large;">"</div></span></span></span></i></div><div style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; line-height: 1.4em; margin-bottom: 1em; margin-left: 0.75in; padding: 0px; text-align: right;"><i><span style="background-color: white; font-family: Georgia, 'Times New Roman', serif;"><span style="color: black; font-size: medium;">- Thomas Jefferson, 1802</span></span></i></div></div><div style="text-align: center;"><h1 style="margin: 0px; padding-bottom: 2.25rem; padding-top: 0.375rem;"><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><a href="http://firstfinancialinsights.blogspot.ca/2016/04/feds-four-horsemen-bring-economic-dark.html" style="color: #1155cc;" target="_blank">READ MORE </a></span></span></span></h1><div><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><br /></span></span></div><div><span style="color: black;"><span style="line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><br /></span></span></span></div></div><div><h3 style="font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="background-color: white; color: black; text-decoration: none;"><span style="font-family: Georgia, Utopia, Palatino Linotype, Palatino, serif;"><span style="font-size: 50px;">Chevron CEO Says Markets Normalizing???</span></span></span></h3><div><span style="background-color: white; color: black; text-decoration: none;"><span style="font-family: Georgia, Utopia, Palatino Linotype, Palatino, serif;"><span style="font-size: 50px;"><br /></span></span></span></div><h3 style="font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="background-color: white; color: black; text-decoration: none;"><span style="font-family: georgia, serif; font-size: medium;"><img alt="Inline images 5" class="CToWUd a6T" height="232" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=1541da9df5ff9d8f&attid=0.8&disp=emb&realattid=ii_1541d635e397c5c6&attbid=ANGjdJ82nQ8aFr9QGy1GEXP6FlBwiLMxz7HcBY41QrOd2g7Wi-u7nOwor88_NFrrTG47IMG_JsDb4I6Hoknbd-4Z0tZgY-R8eDvRbSQoi_4v7oRNW9RNt2hU8-JtHNE&sz=w826-h464&ats=1460786766647&rm=1541da9df5ff9d8f&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="413" /></span></span></h3><div><span style="background-color: white; color: black; text-decoration: none;"><span style="font-family: georgia, serif; font-size: medium;"><br /></span></span></div><div><span style="background-color: white; color: black; text-decoration: none;"><span style="font-family: georgia, serif; font-size: medium;"><br /></span></span></div><h3 style="font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="background-color: white; color: black; text-decoration: none;"><span style="font-family: georgia, serif; font-size: medium;"> </span></span><span style="background-color: white; font-family: georgia, 'times new roman', serif; font-size: medium; line-height: 20px;"><span style="color: black;">Crude oil markets are coming back into "better balance" as supplies are cut back in response to lower prices, Chevron Chief Executive Officer and Chairman John Watson said Tuesday.</span></span></h3><div style="text-align: center;"><span style="background-color: white; font-family: georgia, 'times new roman', serif; font-size: medium; line-height: 20px;"><span style="color: black;"><br /></span></span></div><div style="background-color: white; font-family: georgia, 'times new roman', serif; font-size: large; line-height: 20px; text-align: center;"><span style="color: black;">The oil industry in early 2015 responded to lower revenue by reducing spending on long-cycle projects, Watson told journalists on the sidelines of the LNG 18 conference in Perth, Western Australia.<div style="display: inline; font-family: georgia, serif; font-size: large;"> </div></span></div><div style="background-color: white; font-family: georgia, 'times new roman', serif; font-size: large; line-height: 20px; text-align: center;"><span style="color: black;"><div style="display: inline; font-family: georgia, serif; font-size: large;"><br /></div></span></div><div style="background-color: white; text-align: center;"><span style="color: black;"><div style="display: inline;"><span style="font-family: georgia, serif; font-size: x-large;"><span style="line-height: 20px;"><br /></span></span></div></span></div><div style="background-color: white; text-align: center;"><span style="color: black;"><div style="display: inline;"><span style="font-family: georgia, serif; font-size: x-large;"><span style="line-height: 20px;"><i>Buddy, you really call this looking good</i>??? </span></span></div></span></div><div style="text-align: center;"><h1 style="margin: 0px; padding: 0px 0px 10px; text-align: right; width: 590px;"><br /></h1><div><img alt="Inline images 6" class="CToWUd a6T" height="289" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=1541da9df5ff9d8f&attid=0.1&disp=emb&realattid=ii_1541d69b06c1a15c&attbid=ANGjdJ-VsgQZOq0dIbhGMRVXOkq900Y91ibhGpM34HfQlVRQv3WMkUEBzM9WcxmHMhdMQ_j4HbF_ZE-bC7H-GpGvbp-bO-NRf940KrWHQGMMjIbRE-SCJqlSxdC0dHA&sz=w790-h578&ats=1460786766649&rm=1541da9df5ff9d8f&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="395" /><div style="display: inline; font-family: georgia, serif; font-size: large;"> </div></div><div><h1 style="margin: 0px; padding: 0px 0px 10px; text-align: right; width: 590px;"><span style="color: black;"><span style="font-family: georgia, serif; font-weight: normal; line-height: 32px;"><div style="display: inline; font-size: large; text-align: left;"> </div></span></span></h1><h1 style="margin: 0px; padding: 0px 0px 10px; text-align: right; width: 590px;"><span style="color: black;"><span style="font-family: georgia, serif; font-weight: normal; line-height: 32px;"><div style="display: inline; font-size: large; text-align: left;"></div><div style="display: inline; text-align: left;"><span style="font-size: x-large;"> </span></div></span></span><a href="http://pwa2100.blogspot.ca/2016/04/chevron-ceo-says-markets-normalizing.html" style="color: #1155cc; font-family: georgia, serif; font-size: large; font-weight: normal; line-height: 20.48px; text-align: center; text-transform: uppercase;" target="_blank">READ MORE </a></h1></div></div></div><div><i style="font-size: 12.8px; 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center;"><i style="font-family: georgia, serif; font-size: large;"><span style="color: #0b5394;"><b><br /></b></span></i></div><div style="text-align: center;"><h3 style="font-stretch: normal; margin: 0px;"><span style="color: black; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif;"><i><span style="font-size: medium;"><div style="display: inline; font-family: georgia, serif; font-size: large;">"</div>Going Beyond The Mainstream<div style="display: inline; font-family: georgia, serif; font-size: large;">"</div> <div style="display: inline; font-family: georgia, serif;"> </div></span></i></span></h3></div><div style="text-align: center;"><i style="font-family: georgia, serif; font-size: large;"><span style="color: #0b5394;"><b><br /></b></span></i></div><div style="text-align: center;"><span style="color: #0b5394; font-family: georgia, serif; font-size: medium;"><b><i> <img class="CToWUd a6T" height="182" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=1541da9df5ff9d8f&attid=0.7&disp=emb&realattid=ii_in2mjx2z0_1541d428f57c3a7b&attbid=ANGjdJ_ZqucADkSx03EYorSKbblgkBcd3lMFrPP1l3nfC4uPWEt2155XZ-kBjI-xXVY6EqD2PTZsKFJ9QILjQ0pz1ixXN7siL1FbLQkskw4c7jDBv4kes2VGyX5sEgs&sz=w692-h364&ats=1460786766652&rm=1541da9df5ff9d8f&zw&atsh=1" style="cursor: pointer; outline: 0px;" tabindex="0" width="346" /></i></b></span></div><div style="text-align: center;"><i style="font-family: georgia, serif; font-size: large;"><span style="color: #0b5394;"><b><br /></b></span></i></div><div><div style="max-height: 72px;"><div style="text-align: center;"> <span style="font-family: georgia, serif;"><b><i><span style="font-size: medium;"><span style="color: #ff9900;">"It is the little things we do everyday that makes the big difference.</span></span></i></b></span></div><div><span style="font-family: georgia, serif;"><b><i><span style="font-size: medium;"><span style="color: #ff9900;"><br /></span></span></i></b></span></div><div><div style="text-align: center;"><a href="http://www.firstfinancialinsights.blogspot.com/" style="color: #1155cc; font-size: 12.8px;" target="_blank">www.firstfinancialinsights.<wbr></wbr>blogspot.co</a><span style="font-size: 12.8px;">m </span><a href="http://www.ipwa2100.blogspot.com/" style="color: #1155cc; font-size: 12.8px;" target="_blank">www.ipwa2100.<wbr></wbr>blogspot.com</a></div><div style="text-align: center;"><a href="http://www.drkinesa.blogspot.ca/" style="color: #1155cc;" target="_blank"></a><a href="http://www.drkinesa.blogspot.ca/" style="color: #1155cc; font-size: 12.8px;" target="_blank">www.drkinesa.blogspot.ca/</a><span style="color: #222222; font-size: 12.8px;"> </span><a href="http://www.pwa2000.blogspot.ca/" style="color: #1155cc; font-size: 12.8px;" target="_blank">ww<wbr></wbr>w.pwa2000.blogspot.ca/</a></div></div><div style="text-align: center;"><a href="http://endofenergy.blogspot.ca/" style="color: #1155cc;" target="_blank">http://endofenergy.blogspot.<wbr></wbr>ca/</a></div><div style="text-align: center;"><br /></div><div><div style="text-align: center;"><span style="color: #ff9900; font-family: georgia, serif; font-size: medium; font-style: italic; font-weight: bold;"><br /></span></div><span style="font-family: georgia, serif;"><b><i><span style="font-size: medium;"><br /></span></i></b></span></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><span class="HOEnZb adL"><span style="color: #888888;"></span></span></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-74412505178168514132016-04-15T11:44:00.000-07:002016-04-24T13:03:56.738-07:00 Today's ENERGY News - April 15, 2015<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtPWXrSSgDu0pi2INmK9kIKxaU-X4tnup0v3E9W4I_viw0GbQvN7lJqlkRAoBZ-4Z-Y93mSkdDjF5gJI9hTFPk8Yc52og5HEmsKJFuapJTsEZHkdfHf4CIQ6fWDUKpCOSMMry3wiTpOIfk/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtPWXrSSgDu0pi2INmK9kIKxaU-X4tnup0v3E9W4I_viw0GbQvN7lJqlkRAoBZ-4Z-Y93mSkdDjF5gJI9hTFPk8Yc52og5HEmsKJFuapJTsEZHkdfHf4CIQ6fWDUKpCOSMMry3wiTpOIfk/s640/azzz+%25281%2529.gif" width="640" /></a></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"><br /></h2><div style="text-align: center;"><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative;"><span style="font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"><br /></h2><h2 style="background-color: white; font-family: helvetica; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-size: x-large;"><br /></span></h2><h2 style="background-color: white; font-family: helvetica; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-size: x-large;">OPEC trims 2016 oil demand growth, says its output rises slightly</span></h2><div style="text-align: center;"><span style="color: blue; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img alt="Image result for opec cartoons" height="281" 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" width="400" /></div><div style="text-align: center;"><span style="color: blue; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">OPEC on Wednesday predicted global demand for its crude oil will be less than previously thought in 2016 as consumption slows down, increasing the excess supply on the market this year. The monthly report from the Organization of the Petroleum Exporting Countries lowered its forecast of world oil demand growth by 50,000 barrels per day (bpd) and said further downward revisions could follow. OPEC pumped 32.25 million bpd in March, the group said citing secondary sources, up about 15,000 bpd from February. The report points to a 790,000-bpd excess supply in 2016 if the group keeps pumping at March’s rate, up from 760,000 bpd implied in last month’s report. (Reporting by Alex Lawler; Editing by Keith Weir)</span></div></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=590c6b1277&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.reuters.com</a></span></div></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="background-color: white; color: #606060; line-height: 21px;" /></span></div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc1" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc6" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc6" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a> </span><br /><h2 style="background-color: white; color: #606060; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Oil Can Top $50 a Barrel With Freeze Deal, Bank of America Says</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Oil prices can climb above $50 a barrel if an output freeze deal is struck in Doha this weekend, according to Bank of America Corp. “A flat output profile for OPEC (excluding Iran) and Russia would tighten global balances by almost 0.5 million barrels a day in the second half relative to our expectations and push the oil market into a deficit in the third quarter,” the U.S. bank wrote in a note on Wednesday. That would “push prices above $50 near term,” it said. […]</span></div></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=25f27f6b4c&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> www.bloomberg.com</a></span></div></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="background-color: white; color: #606060; line-height: 21px;" /></span></div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc1" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc7" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc7" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a> </span><br /><h2 style="background-color: white; color: #606060; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">OPEC demand forecast drags oil prices lower</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">A three-day rally for crude oil prices came to an end Wednesday after OPEC said in its monthly report for April that demand was expected to falter. The Organization of Petroleum Exporting Countries said its forecast for growth in world oil demand in 2016 was lowered by 50,000 barrels per day to 1.2 million bpd. That’s lower than the estimated growth for 2015 by more than 20 percent. In its macroeconomic forecast, OPEC said the global economy was expected to grow from 2.9 percent last year to 3.1 percent in 2016. “While many soft spots in the global economy remain, recent data is pointing at some improving momentum in the […]</span></div></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=46d5056bb0&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.upi.com</a> </span></div></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="background-color: white; color: #606060; line-height: 21px;" /></span></div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc1" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc9" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc9" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a> </span><br /><h2 style="background-color: white; color: #606060; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Non-OPEC oil supply to fall 730,000 b/d in 2016</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">OPEC warns oversupply persists amid record inventories OPEC believes crude supply outside the producer group is set to fall more than expected, with weaker Chinese, Colombian, UK and US oil output eclipsing better outlooks for Canada, Norway, Oman and Russia. The outlook for non-OPEC supply has been hit largely by lower expectations for crude oil production from China’s onshore mature fields. OPEC also cited the postponement of major new projects due to reduced cash flow as the impact of lower prices takes its toll. Article Continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and technology Daily futures summary Weekly API statistics, and much more The […]</span></div></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=f462b9da2b&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.platts.com</a></span></div></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="background-color: white; color: #606060; line-height: 21px;" /></span></div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc1" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc10" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc10" style="background-color: white; color: #2d61a5; line-height: 21px; word-wrap: break-word;"></a> </span><br /><h2 style="background-color: white; color: #606060; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Little Impact Seen on Oil Supplies If Doha Deal Struck, IEA Says</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">An agreement by producing countries to freeze crude production at the Doha meeting on Sunday would have a limited impact on oil flows, the International Energy Agency said Thursday. OPEC and non-OPEC countries — including Russia and Saudi Arabia, the world’s two biggest crude producers — will meet in Doha on April 17 in a bid to freeze production at January levels. A deal would represent the first attempt at coordinating oil production between the Organization of Petroleum Exporting Countries and producers outside the group in 15 years. Yet the IEA sees scant impact on physical oil flows if a deal is struck. “If there is to be a production freeze, rather than a cut, the impact on physical oil supplies will be limited,” the IEA said in its monthly report. Part of the reason is that Saudi Arabia and Russia are “already producing at or near record rates,” […]</span></div></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=3ea58bd7bf&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.bloomberg.com</a></span></div></div><div style="text-align: center;"><br style="background-color: white; color: #606060; font-family: Helvetica; font-size: 14px; line-height: 21px;" /></div><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc1" style="background-color: white; color: #2d61a5; font-family: Helvetica; font-size: 14px; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc11" style="background-color: white; color: #2d61a5; font-family: Helvetica; font-size: 14px; line-height: 21px; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-8619771293930017065_mctoc11" style="background-color: white; color: #2d61a5; font-family: Helvetica; font-size: 14px; line-height: 21px; word-wrap: break-word;"></a> <br /><h2 style="background-color: white; color: #606060; font-family: helvetica; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-size: x-large;">Huge Oil Supertanker Lines Forming “World’s Biggest Traffic Jam”</span></h2><div><br /></div><div style="text-align: center;"><img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/04/09/glut%201_0.jpg" /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><b><span style="font-size: x-large;">What a Mess</span></b></div><div style="text-align: center;"><br /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/04/09/singapore%20ships_0.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="282" src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2016/04/09/singapore%20ships_0.jpg" style="cursor: move; text-align: left;" width="400" /></a><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">“It may be the world’s biggest traffic jam.” Last week we revealed what we thought was a “ shocking photo ” of nearly 30 oil tankers caught in a traffic jam off the Iraqi coast, an indication of just how much excess oil is currently parked offshore. To be sure, the record offshore storage is a problem because with the front-end contango collapsing, DB warned just several weeks ago when comparing the current level of floating storage (157.3 million barrels) versus that in early February (126.6 million barrels), that there may be an additional 31 million barrels of inventory to be drawn down between now and the next inventory trough over the next several months. It calculated that “depending on the duration of drawdown (three months or six months) this could mean anywhere from 165-330 kb/d of incremental supply.” But the photo above, meant to do DB’s thesis justice, […]</span></div></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=b2261c0500&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">peakoil.com</a></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKhaNOdYx8FdHoplZDgIM2CtFKDnxI8QdedUm4Nqorzs0zO6t-Nn5XOwHLOWmPsfWIbBeSwWgcMAeeyfhzu21ESPbDmlzNImY49zWUjV-W7yV2KkQOw8Aptevd8ZqEb2V4p7J9R6NLNUJf/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKhaNOdYx8FdHoplZDgIM2CtFKDnxI8QdedUm4Nqorzs0zO6t-Nn5XOwHLOWmPsfWIbBeSwWgcMAeeyfhzu21ESPbDmlzNImY49zWUjV-W7yV2KkQOw8Aptevd8ZqEb2V4p7J9R6NLNUJf/s200/az+%25281%2529.jpg" width="200" /></a></div><div style="text-align: center;"><br /></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-55379614764970826342016-04-15T03:00:00.000-07:002016-04-24T13:03:56.775-07:00Traders Look for Lower Oil Prices<div dir="ltr" style="text-align: left;" trbidi="on"><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"></h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><img src="http://investdiva.com/wp-content/uploads/2016/02/2016-YEAR-OF-MARKET-VOLATILITY-CLIPART-STRESSED-OUT-CARTOON-1.png" height="267" width="400" /> </h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><span style="font-family: "georgia" , "times new roman" , serif; font-weight: normal;"><br /></span></h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><span style="font-family: "georgia" , "times new roman" , serif; font-weight: normal;">Oil traders lose faith in</span></h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><span style="font-family: "georgia" , "times new roman" , serif; font-weight: normal;"> recent rally, position</span></h1><h1 class="article-headline" style="background-color: white; color: #333333; font-size: 4em; line-height: 42px; margin: 0px 0px 10px; padding: 6px 0px; text-align: center; transform: translate3d(0px, 0px, 0px);"><span style="font-family: "georgia" , "times new roman" , serif; font-weight: normal;"> for lower prices</span></h1><div><span style="font-family: "georgia" , "times new roman" , serif; font-weight: normal;"><br /></span></div><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span class="focusParagraph" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><br /><div style="color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span class="focusParagraph" style="background-color: white; transform: translate3d(0px, 0px, 0px);"><br /></span></span></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span class="focusParagraph" style="background-color: white; transform: translate3d(0px, 0px, 0px);"><div style="color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;">Oil traders have ramped up their bets in the futures and options market that April's rally will run out of steam, as the outlook for demand weakens and with few clear signs of an end in sight to a supply glut.</div></span><span id="midArticle_1" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><br /><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">While prices for front-month delivery Brent crude <span class="itxtrst itxtrstspan itxtnowrap" id="itxthook0p" style="background-color: transparent; border: 0px; bottom: auto; display: inline !important; float: none !important; height: auto; left: auto; line-height: normal; margin: 0px !important; padding: 0px !important; position: static; right: auto; top: auto; transform: translate3d(0px, 0px, 0px); white-space: nowrap !important;"><span class="itxtrst itxtrstspan itxtnowrap itxtnewhookspan" id="itxthook0w" style="background-color: transparent; border-color: transparent transparent rgb(0 , 204 , 0); border-style: none none solid; border-width: 0px 0px 1px; bottom: auto; color: #009900; display: inline; float: none; height: auto; left: auto; margin: 0px; padding: 0px 0px 1px; position: static; right: auto; text-decoration: underline; top: auto; transform: translate3d(0px , 0px , 0px); white-space: normal;">futures</span><img class="itxtrst itxtrstimg itxthookicon" src="http://images.intellitxt.com/ast/adTypes/icon1.png" id="itxthook0icon" style="background-color: transparent; border: 0px !important; bottom: auto; display: inline !important; float: none !important; height: auto !important; left: auto; margin: 0px !important; max-height: none; max-width: none !important; padding: 0px 0px 0px 4px !important; position: static; right: auto; top: auto; transform: translate3d(0px, 0px, 0px); vertical-align: baseline !important; white-space: normal; width: auto !important;" /></span> rallied by as much as 20 percent this month, sparking hopes of an end to a rout that had previously pulled the market down by as much as 70 percent since 2014, data for contracts for later delivery looks much weaker.</span></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span id="midArticle_2" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><br /><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">The spread between Brent for delivery in December 2017 and those for delivery next month has halved since March 1 to just $4.40 per barrel, and in some cases even wiping out the contango, a price curve where contracts are more expensive going forward than for prompt delivery</span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> </span><img src="http://fingfx.thomsonreuters.com/gfx/ce/1/715/715/Brent%20Curves.jpg" height="302" style="background-color: transparent; text-align: left;" width="640" /></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span id="midArticle_3" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><br /><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">U.S. bank Morgan Stanley said in a note to clients that it was "bearish oil prices" into the second half of the year and that "given producer hedging appetite into 2017 and the storage situation (full tanks), which requires at least some contango."</span></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span id="midArticle_4" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span><span style="background-color: white;"></span><span class="first-article-divide" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><br /><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">With no end in sight to a production glut and also increasing worries on the demand side, with the Organization of the Petroleum Exporting Countries (OPEC) cutting its consumption forecast this week, traders are positioning themselves for further price falls.</span></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span id="midArticle_5" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><br /><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><a href="http://s2.reutersmedia.net/resources/r/?m=02&d=20160414&t=2&i=1132716688&w=644&fh=&fw=&ll=&pl=&sq=&r=LYNXNPEC3D0LC" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Pump jacks are seen in the Midway Sunset oilfield, California, April 29, 2013. REUTERS/Lucy Nicholson" border="0" src="http://s2.reutersmedia.net/resources/r/?m=02&d=20160414&t=2&i=1132716688&w=644&fh=&fw=&ll=&pl=&sq=&r=LYNXNPEC3D0LC" height="288" style="background-color: transparent; text-align: left;" width="400" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">In the options arena, the number of put options tied to the July $30 strike price has increased by 150 percent, or 4,700 contracts, since mid-March, indicating a swell in bearish sentiment tied to that time frame.</span></div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span id="midArticle_6" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span><span style="background-color: white;"></span><span class="second-article-divide" style="background-color: white; transform: translate3d(0px, 0px, 0px);"></span></span><br /><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Put options give a trader the opportunity to sell a prod</span><span style="font-size: 1.6em;"><span style="font-family: "georgia" , "times new roman" , serif;">uct at a certain price, so a July put at $30 per barrel would make money if prices, currently around $43.50 per barrel, hit that level by summer.</span></span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: 1.6em;"><a href="http://www.reuters.com/article/us-oil-trading-idUSKCN0XB16L#" target="_blank">Reuters</a></span></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7JpVB_fWbukm-fVy4ry-DO4xxQgVIjkJx9cQpVJe5pNKb9NX9OQrCTTojAqSOtlgcp0jq15oCBpikqLaAp_wfO3JG49GVa39fJEnQ-LNHv9CEjQnXo20BnorFfLgknr2mq8e3_fdNkzEP/s1600/az1.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7JpVB_fWbukm-fVy4ry-DO4xxQgVIjkJx9cQpVJe5pNKb9NX9OQrCTTojAqSOtlgcp0jq15oCBpikqLaAp_wfO3JG49GVa39fJEnQ-LNHv9CEjQnXo20BnorFfLgknr2mq8e3_fdNkzEP/s1600/az1.gif" /></a></div><div style="background-color: white; color: #222222; line-height: 1.6em; margin-bottom: 20px; padding: 0px; text-align: center;"><br /></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-20490893238749348452016-04-14T02:08:00.000-07:002016-04-24T13:03:56.793-07:00 Today's ENERGY News - April 14, 2016<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWjVIdhP7-XpCxAAun556IjmME2Opk1zBRI-MOYF-t6D0VaLObqV0kxntQDARRKBu4Rv-wchlRPGW1s3MwkIaDatEWYuss7xxHZULSlM7uQPP6cREKPD8c5cZyhPo8X7wSTSww4VuEnfQN/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWjVIdhP7-XpCxAAun556IjmME2Opk1zBRI-MOYF-t6D0VaLObqV0kxntQDARRKBu4Rv-wchlRPGW1s3MwkIaDatEWYuss7xxHZULSlM7uQPP6cREKPD8c5cZyhPo8X7wSTSww4VuEnfQN/s640/azzz+%25281%2529.gif" width="640" /></a></div><br /><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2><div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"><br /></h2><h2 style="background-color: white; font-family: Helvetica; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-size: x-large;">IMF Cuts 2016 Global Economic Growth Outlook to 3.2%</span></h2><div style="text-align: center;"><span style="color: blue; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img height="346" src="http://cdn1.img.sputniknews.com/images/102930/02/1029300262.jpg" width="640" /></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">The world economy is increasingly at risk of stalling, the International Monetary Fund warned Tuesday as it once again cut its forecast for global growth prospects. The IMF said it was forced to downgrade its growth forecast for this year to 3.2%, down by 0.2 percentage point from its projection issued in January. China’s slowdown and weak commodity prices are taking a deeper toll on emerging markets than expected and rich countries are still struggling to escape the legacies of the financial crisis, the fund said. The downward revision is the fourth straight cut in a year, putting world economic growth just a hair over last year’s 3.1% and only marginally above the 3% rate the IMF has previously considered a technical recession globally. “Consecutive downgrades of future economic prospects carry the risk of […]</span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=7ce9fd182e&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.wsj.com</a></span></div></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Venezuela says U.S. seeking to scuttle OPEC, non-OPEC deal</span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">The United States is seeking to block a deal between OPEC and non-OPEC nations to stabilize oil markets, Venezuelan President Nicolas Maduro said on Tuesday, accusing Washington of applying “war-like” pressure to prevent an agreement. “You can’t imagine all the pressure that is coming from Washington to ensure the failure of the efforts we have made during the last year to create a common strategy among OPEC and non-OPEC producers to stabilize the market and prices,” Maduro said during his weekly televised broadcast. “These are almost war-like pressure on governments, on heads of state,” he said, adding that U.S. policy makers have a “fatal obsession” with Russia, OPEC and Venezuela’s leftist government. Maduro’s government said last week that at least 18 countries have confirmed they will attend […]</span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=e2936911cf&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.reuters.com</a></span></div></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Schlumberger to Pare Venezuela Services on Lack of Payments</span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Schlumberger Ltd. will reduce activity in Venezuela after the world’s largest oil services provider failed to collect enough payments from the national oil company. The reduction will take place this month in close coordination with all customers in Venezuela to continue servicing those with available cash flow, the Houston- and Paris-based contractor said in a statement Tuesday. Venezuela, which holds the biggest oil reserves of any country, has been battered by the collapse of prices as most of the government’s revenue comes from petrodollars. In October, Schlumberger was said to be shifting some of its workers from Brazil to Venezuela, reinforcing the contractor’s commitment at the time as others in the industry pulled back. By late January, Schlumberger said it had entered into a deal with Petroleos de Venezuela SA during the fourth quarter to receive certain fixed assets in lieu of payment of about $200 million of accounts […]</span></div><div style="font-weight: normal; letter-spacing: normal; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=d38e041920&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> www.bloomberg.com</a></span></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Cheapest Gasoline in 12 Years a Boon for Summer Motorists</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Americans driving on their summer vacations will enjoy the cheapest gasoline in 12 years as prices stall just above $2 a gallon. Drivers will pay 59 cents a gallon less at the pump this summer than a year ago and $1.55 below 2014, when oil prices peaked above $100 a barrel, the Energy Information Administration said Tuesday. Gasoline demand this summer will increase 1.4 percent from last year to a record. “Low pump prices and continuing growth in employment contribute to more driving, resulting in a forecast of record-high gasoline demand this summer,” EIA Administrator Adam Sieminski said in an e-mailed statement. “For all of 2016, the average household will save about $350 on gasoline purchases compared to last year.” Americans might save as much as $15 billion on gasoline during June, July and August, compared to the same period last year, which would work out to about $70 […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=8bcd7ce83f&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.bloomberg.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: x-large;">China export surge points to improving economic outlook</span></h2><div><span style="font-family: Georgia, Times New Roman, serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img src="http://im.ft-static.com/content/images/f59f07c1-dacf-41c6-99f8-664c175765aa.img" /></div><div style="text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">China reported stronger than expected trade data on Wednesday, the latest sign of a tentative revival in fortunes that paves the way for Friday’s release of first-quarter economic growth. Exports surged 18.7 per cent in renminbi terms in March over the same month last year, after declines in both January and February. Imports also stabilised, dropping just 1.7 per cent compared with an 8 per cent fall in February. In dollar terms, exports rose 11.5 per cent while imports fell 7.6 per cent for the period, reflecting the renminbi’s recent rise. The currency has gained 1.9 per cent against the dollar over the past two months. China’s export sector has been buffeted by the slowdown in global trade, the dollar value of which has been shrinking since 2012 largely because of the slump in international commodities prices. The <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=42058d3cd4&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank" title="IMF warns world economy growing too slowly - FT.com">International Monetary Fund</a> this week warned that the world risked a “synchronised slowdown” but highlighted China as a rare bright spot among major economies. Chinese officials have been working to counter international investors’ increasingly negative outlook for the country’s economy. Their cause has been boosted by a slew of better than expected data releases, including March <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=1261974f26&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank" title="China looks to capitalise on improved growth signs - FT.com">inflation figures</a> that showed producer price deflation had moderated.</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: Georgia, Times New Roman, serif; font-size: large; line-height: 1.5; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=88a17f2f3e&e=adb72e36e3" style="color: #2d61a5; line-height: 1.5; text-decoration: none; word-wrap: break-word;" target="_blank">www.ft.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijWJNhycgtZgLZaN_JrbjP280_DuRN-69NHbYl5tf_bHIivdD8yOPlqfNRyuPQlqcjXSm3pbND-O2w09R1nbLUnEGO3_cs9Ip38ae51_Zmqv6OFbxAXpOWNAA_xOzwrcSBVIJ8E8x9YDYf/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijWJNhycgtZgLZaN_JrbjP280_DuRN-69NHbYl5tf_bHIivdD8yOPlqfNRyuPQlqcjXSm3pbND-O2w09R1nbLUnEGO3_cs9Ip38ae51_Zmqv6OFbxAXpOWNAA_xOzwrcSBVIJ8E8x9YDYf/s320/az+%25281%2529.jpg" width="320" /></a></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-10194595371702854912016-04-13T00:00:00.000-07:002016-04-24T13:03:56.812-07:00Today's ENERGY News - April 13, 2016<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPPIeAec1ddvuQd6Z3TilT-z06inuDIn9KuHtV85uMOKiVgqtmfx8E7LuEliP-fjmBGSANrfNhxMd48tFMoErA5-K_gtArDRiJcgJKbPmnAr0m8awhdnaY-jt_-WDKeLKQbWI7lw4Od4b2/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPPIeAec1ddvuQd6Z3TilT-z06inuDIn9KuHtV85uMOKiVgqtmfx8E7LuEliP-fjmBGSANrfNhxMd48tFMoErA5-K_gtArDRiJcgJKbPmnAr0m8awhdnaY-jt_-WDKeLKQbWI7lw4Od4b2/s640/azzz+%25281%2529.gif" width="640" /></a></div><div style="text-align: center;"><br /></div><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories</span></h2><div><h2 style="background-color: white; font-family: Helvetica; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-size: x-large;"><br /></span></h2><h2 style="background-color: white; font-family: Helvetica; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-size: x-large;">Banks Face Massive New Headache on Oil Loans</span></h2><div><span style="color: blue; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; font-family: Helvetica; font-size: 14px; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><img src="http://graphics8.nytimes.com/images/2012/06/14/business/dbpix-dimon-nyt-pic/dbpix-dimon-nyt-pic-tmagArticle.jpg" /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ4YGyKtGuOq_fL6HLT8AMOLLDI0UvobELnbZq9q4RDypnUQ2ip" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="379" src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ4YGyKtGuOq_fL6HLT8AMOLLDI0UvobELnbZq9q4RDypnUQ2ip" style="background-color: transparent; text-align: left;" width="400" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">J.P. Morgan Chase Chairman and CEO James Dimon in February called the unfunded loans are… The $147 billion question for banks: Will energy companies max out their credit lines? When big banks announce earnings starting on Wednesday, the spotlight will be on massive energy loans that most investors didn’t know much about until recently. These unfunded loans have been promised to energy companies that haven’t yet tapped the money. Many banks historically haven’t disclosed these loans but have begun to recently following the extended slide in oil and gas prices. In the first quarter, a handful of energy borrowers announced more than $3 billion of drawdowns against these types of loans. Those commitments are expected to trickle down to bank earnings and saddle firms with more energy exposure at a time they are trying to pare it back. “Let’s not sugarcoat it, this is not necessarily a loan a […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=032caed659&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.wsj.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Natural Gas Production Is About To Plummet</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Summary As one of the seven largest natural gas producing regions in the U.S., the Eagle Ford is a significant area to understand for natural gas-oriented investors. In this article, I dig into the government’s data regarding production and forecast what output should look like by year-end. What I discovered is that, if something doesn’t change fast, we should see production fall materially in the region this year, which is bullish news for investors. In the past, I’ve written articles regarding the Eagle Ford and the oil production trend that we’ve seen coming out of the region. However, I have yet to analyze the amount of natural gas to come from the area and to see what the production trend of that commodity should look like moving forward. Now, after having the opportunity to dig into the data from the EIA’s (Energy Information Administration’s) Drilling Productivity Report and after […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=ac4bd6ed38&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> peakoil.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br style="text-align: left;" /><a href="https://www.blogger.com/null" name="m_-7563386869320536271_mctoc1" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-7563386869320536271_mctoc25" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_-7563386869320536271_mctoc25" style="color: #2d61a5; text-align: left; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Wells Fargo Misjudged the Risks of Energy Financing</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://turkishmarketnews.com/wp-content/uploads/2015/09/Turkey-Energy-Loans-v-Total-Corporate-Loans-Growth.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://turkishmarketnews.com/wp-content/uploads/2015/09/Turkey-Energy-Loans-v-Total-Corporate-Loans-Growth.png" height="192" style="background-color: transparent; text-align: left;" width="400" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">At its annual investor conference in San Francisco in May 2014, with oil trading at $102 a barrel, Wells Fargo & Co. boasted that in just two years it had almost doubled its energy exposure and seized the title of Wall Street’s top oil and gas banker. The timing couldn’t have been worse. Crude prices peaked a month later and have since plummeted to $40. Wells Fargo has downgraded 38 percent of its energy loans and set aside $1.2 billion to cover potential losses, according to company filings. The loans are coming under increasing scrutiny from regulators and investors, even though they make up only 2 percent of the bank’s portfolio. Wells Fargo’s foray into oil shows how Wall Street misjudged the risks hidden in an esoteric type of energy financing long thought to be bulletproof. To fuel the growth of its energy desk, the bank targeted some of […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=256c2c814a&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> www.bloomberg.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">The Halliburton-Baker Hughes Merger is Falling Apart. What Happens Next?</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">The long wait is finally over; the U.S. Justice Department has announced it will sue to block the merger of Halliburton and Baker Hughes. This makes the merger much less likely to be consummated – so much so that I think it’s fair to operate using a base assumption that the deal is dead, even if that position is not yet official. A key tenant in industrial organization theory is that it takes three strong competitors to make an efficient market. Without three competitors, industries and companies fall prey to problems of tacit collusion, resulting in slowly higher prices and less overall economic efficiency. The HAL/BHI merger was done in by the lack of a third strong competitor. While Halliburton showed a willingness to do whatever it took to get the deal done by agreeing to divest billions of dollars of assets, in the end it was not enough. […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=f0e5b93f91&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">oilprice.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Exxon faces calls for climate change ‘stress test’</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img src="http://media.gettyimages.com/photos/rex-tillerson-chairman-and-chief-executive-officer-of-exxonmobil-corp-picture-id102120355" height="426" width="640" /></div><div style="text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Dozens of investors are backing the call for <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=833361f584&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">ExxonMobil</a>, the US oil group, to “stress test” the potential impact on its business of policies to address the threat of <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=f7098c43c6&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank" title="Business plays down Paris climate deal - video - FT.com">climate change</a>.Shareholders have <a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=37135dcdab&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank" title="Investor Support of Portfolio Resilience Resolutions - Ceres.org">submitted proposals</a> for the annual meetings of Exxon and eight other US energy companies, recommending that they analyse the financial risks they face if governments attempt to limit the increase in global temperatures to 2C, which was the objective agreed at the Paris climate talks at the end of last year. Calpers, the California state retirement fund that had $301bn under management as of last June, has registered with the Securities and Exchange Commission, the US regulator, to be able to lobby other investors in support of the proposal at Exxon. The moves reflect growing interest among investors in the financial implications of <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=14e61f22a8&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank" title="Adoption of the Paris agreement - UNFCCC">climate change</a>. They also show how environmental campaigners have become increasingly adept at working with shareholders in fossil fuel companies to raise awareness of the issue. The New York state retirement fund and the <a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=e69d89a978&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank" title="Church of England pushes ExxonMobil to disclose climate risks - FT.com">Church of England</a> submitted the proposal at Exxon, asking the company to publish an annual assessment of the financial impact on its proved reserves and potential resources of restrictions on carbon intended to hit the <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=22b8a503f4&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank" title="Ministers axe climate change research agencies - FT.com">2C target</a>.</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=eca8b181f7&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> next.ft.com</a></span></div><div style="background-color: white; color: #606060; font-family: Helvetica; font-size: 14px; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbam_kmrJ7FiulBNpjY22t3AS8I9urRwb1CgbIcLaJkKTPn_KU8Ub_NJrZY1JdzXshkZuBquoYTnkKUsweX1Vox1wDpDDJM0u8Qug102IpNr7wi9mkmBb_zkAYipeGIx4FxQon8q3OStR4/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbam_kmrJ7FiulBNpjY22t3AS8I9urRwb1CgbIcLaJkKTPn_KU8Ub_NJrZY1JdzXshkZuBquoYTnkKUsweX1Vox1wDpDDJM0u8Qug102IpNr7wi9mkmBb_zkAYipeGIx4FxQon8q3OStR4/s400/az+%25281%2529.jpg" width="400" /></a></div><div style="background-color: white; color: #606060; font-family: Helvetica; font-size: 14px; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><br /></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-85133112898672045332016-04-12T23:30:00.000-07:002016-04-24T13:03:56.833-07:00BULLS Lead BIG Charge in #Crude<div dir="ltr" style="text-align: left;" trbidi="on"><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; font-style: inherit; font-weight: inherit; line-height: 1.6em; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; font-style: inherit; font-weight: inherit; line-height: 1.6em; margin: 0px; padding: 0px; vertical-align: baseline;"></span></div><h1 itemprop="headline" style="background-color: white; border-bottom-style: none; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-top-width: 0px; color: #393939; font-size: 3.5em; line-height: 1.17; margin: 0.45em 0px 0px; padding: 0px 0px 15px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><span style="font-family: "georgia" , "times new roman" , serif;">Crude Charging Higher Ahead Of Big Week</span></span></h1><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; font-style: inherit; font-weight: inherit; line-height: 1.6em; margin: 0px; padding: 0px; vertical-align: baseline;"><img height="480" src="https://bbfzone-ckatoday.netdna-ssl.com/wp-content/uploads/2015/09/stock-market-bull.jpg" width="640" /></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><div style="text-align: right;"><span style="border: 0px; font-style: inherit; line-height: 1.6em; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: medium;"><b><span style="color: black; font-family: "roboto" , sans-serif; line-height: 17.325px; text-align: left;">By </span><a class="author" href="http://oilprice.com/contributors/Matt-Smith" rel="author" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: black; cursor: pointer; font-family: Roboto, sans-serif; line-height: 17.325px; margin: 0px; outline: none; padding: 0px; text-align: left; text-decoration: none; vertical-align: baseline;">Matt Smith</a></b></span></span></div><span style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; font-style: inherit; font-weight: inherit; line-height: 1.6em; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></span><span style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; font-style: inherit; font-weight: inherit; line-height: 1.6em; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Thirty-three years after REM released their debut album, and the crude complex today is being driven by murmurs again. As the producer meeting in Doha approaches (but not fast enough…), here are seven things to consider in the oil market today:</span></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; font-style: inherit; font-weight: inherit; line-height: 1.6em; margin: 0px; padding: 0px; vertical-align: baseline;"><img src="http://gdb.rferl.org/9007F4C7-090B-4455-9125-59C9C8446191_mw1024_s_n.jpg" height="241" width="400" /></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">1) Economic data flow was kicked off overnight by a weaker print for Chinese inflation in March. Inflation dropped on the prior month by -0.4 percent, limiting the year-on-year rise to 2.3 percent, below consensus of +2.5 percent. Nonetheless,<a href="http://www.bloomberg.com/news/articles/2016-04-11/china-consumer-inflation-pick-up-continues-in-march-on-food" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;">food prices increased by 7.6 percent</a>, driven by rising vegetable and pork costs.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">2) As for Chinese producer prices, despite being negative on a year-over-year basis since 2012, the first month-on-month increase was seen since 2013. Year-on-year prices are showing easing deflation, down less than expected at -4.3 percent.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><a href="http://oilprice.com/Energy/Energy-General/Horizontal-Land-Rig-Count-Summary-8th-April-2016.html" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;"><span style="border: 0px; color: maroon; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><strong><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Related: Horizontal Land Rig Count Summary 8th April 2016</span></strong></span></a></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><a href="http://cdn.oilprice.com/images/tinymce/2016/Smith1104A%20-%20Copy.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><img border="0" src="http://cdn.oilprice.com/images/tinymce/2016/Smith1104A%20-%20Copy.jpg" height="284" style="background-color: transparent; text-align: left;" width="640" /></span></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">3) Economic data is thin on the ground elsewhere today. Fortunately, us energy folk get the EIA’s monthly drilling productivity report today, assessing the health of oil and gas production at key U.S. shale plays. We then get the triumvirate of key monthly oil reports, with the EIA’s short term energy outlook tomorrow, OPEC’s oil market report out on Wednesday, with the IEA the caboose on Thursday. Doha lurks in the distance on Sunday.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">4) Despite the worldwide rig count reaching its lowest level since September 1999 at 1,551, rigs in Saudi Arabia, Kuwait and UAE have been on the rise.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">While the worldwide rig count has dropped 60 percent in little over a year, the three countries on the Arabian Peninsula have seen rigs <a href="http://www.bloomberg.com/gadfly/articles/2016-04-10/saudi-arabia-oil-gambit-moves-to-phase-two" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;">more than double</a> in recent years as they attempt to boost production capacity:</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><img alt="Image result for opec and russia meet" height="266" src="data:image/jpeg;base64,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width="400" /></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">5) According to the International Group of LNG importers, global supplies of LNG are <a href="http://www.bloomberg.com/news/articles/2016-04-10/lng-backers-face-comatose-market-as-oil-shows-signs-of-revival" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;">set to be boosted by 14 percent</a> this year as new capacity comes online, predominantly from Australia.</span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://cdn.oilprice.com/images/tinymce/2016/Smith1104B%20-%20Copy.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><img border="0" src="http://cdn.oilprice.com/images/tinymce/2016/Smith1104B%20-%20Copy.jpg" style="background-color: transparent; text-align: left;" /></span></a></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="border: 0px; color: maroon; font-style: inherit; font-weight: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;"><strong><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><a href="http://oilprice.com/Energy/Energy-General/Oil-Up-As-Bullish-Sentiment-Returns-To-Markets.html" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;">Related: Oil Up As Bullish Sentiment Returns To Markets</a> </span></strong></span></div><br /><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Hence, as capacity continues to outpace demand – and is set to through the duration of the decade – LNG prices are set to remain under pressure. Singapore Spot LNG prices have slumped to $4/MMBtu, falling from <a href="http://www.bloomberg.com/news/articles/2016-01-19/singapore-lng-spot-index-falls-to-lowest-since-2014-amid-glut" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;">$14/MMBtu back in September 2014,</a> when price assessments started.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">6) The latest CFTC data show that hedge funds are once again increasing short positions in WTI crude oil. Shorts increased, while long positions were little changed; this meant that the net long position held by speculators dropped for a second consecutive week.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">7) We have discussed recently how the reversal in crude prices from January lows has been in tandem with a return to dollar weakness and a risk-on appetite. Hence, as equities start the week moving higher as quarterly earnings season is kicked off after-hours, the yen has rallied to its highest level versus the dollar since late 2014, while the euro is pushing on above 1.14 for the first time since last fall.</span></div><table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody><tr><td style="text-align: center;"><a href="http://cdn.oilprice.com/images/tinymce/2016/Smith1104C%20-%20Copy.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><img border="0" src="http://cdn.oilprice.com/images/tinymce/2016/Smith1104C%20-%20Copy.jpg" /></span></a></td></tr><tr><td class="tr-caption" style="text-align: center;"></td></tr></tbody></table><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><a href="http://oilprice.com/Energy/Crude-Oil/The-Oilfield-Services-Model-Is-Broken.html" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;"><span style="border: 0px; color: maroon; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><strong><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Related: The Oilfield Services Model Is Broken</span></strong></span></a></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Crude is pushing higher once again, while emerging market currencies are on a tear. As the chart below illustrates, crude has rallied over 40 percent since late January, while the <a href="http://www.bloomberg.com/news/articles/2016-04-10/stone-harbor-to-landesbank-buying-ruble-as-rebound-trails-crudehttps://oilprice.com/images/tinymce/2016/Smith1104C.jpg" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;">Ruble has appreciated by over 20 percent.</a></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"><br /></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><a href="http://oilprice.com/Energy/Energy-General/Crude-Charging-Higher-Ahead-Of-Big-Week.html" target="_blank">READ ORIGINAL</a></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhW_9P_IrGirV7x9Pm0b0l6mwWU8FeMf1Z3E_neCcLgiJPQ7jBrh_KjSnGx8qIHzIW0BWcA3YIfARWKD3Nms6f2F_e-2ZG7gYhyphenhyphen9TSg6_PWaF1a66iX4-Gir4N5kxi3PVgetDQcKsx07Pyb/s1600/az1.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhW_9P_IrGirV7x9Pm0b0l6mwWU8FeMf1Z3E_neCcLgiJPQ7jBrh_KjSnGx8qIHzIW0BWcA3YIfARWKD3Nms6f2F_e-2ZG7gYhyphenhyphen9TSg6_PWaF1a66iX4-Gir4N5kxi3PVgetDQcKsx07Pyb/s1600/az1.gif" /></a></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div style="background-color: white; border: 0px; color: #393939; font-family: Roboto, sans-serif; font-size: 13.75px; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: justify; vertical-align: baseline;"></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-20977934270834294032016-04-12T00:00:00.000-07:002016-04-24T13:03:56.858-07:00Today's ENERGY News - April 12, 2016<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXFVRPhCZVjhZjPQ8mBOc2MiKDh4TqMAOyNaootz6N0ki0Yc_XY9IN5Nkf92nBtB1WiVvLNoYiDs40ZCMt_asWUm4UCE0upsPEzAJtkR3ivYSft3qNGhCH1fcq1W2dmgXU_gw2hWGvLPsI/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXFVRPhCZVjhZjPQ8mBOc2MiKDh4TqMAOyNaootz6N0ki0Yc_XY9IN5Nkf92nBtB1WiVvLNoYiDs40ZCMt_asWUm4UCE0upsPEzAJtkR3ivYSft3qNGhCH1fcq1W2dmgXU_gw2hWGvLPsI/s640/azzz+%25281%2529.gif" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><h2 style="background-color: white; color: #666666; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;"><br /></span></h2><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2><div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px;"></h2><h2 style="background-color: white; font-family: Helvetica; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-size: x-large;">U.S. shale oil firms feel credit squeeze as banks grow cautious</span></h2><div><span style="color: blue; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img src="http://www.mining.com/wp-content/uploads/2012/11/shale-revolution-will-make-the-usa-worlds-top-oil-producer.jpg" height="532" width="640" /></div><div style="background-color: white; color: #606060; font-family: Helvetica; font-size: 14px; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px;"><br /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://i.telegraph.co.uk/multimedia/archive/03106/debt_3106995c.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://i.telegraph.co.uk/multimedia/archive/03106/debt_3106995c.jpg" style="background-color: transparent; text-align: left;" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Nearly two years into an epic oil rout, U.S. shale drillers that have upended global energy markets are finally feeling a credit squeeze as banks make their biggest cuts yet to their loans. Every six months, oil and gas producers and their banks negotiate how much credit they should be given based on the value of their reserves in the ground. In previous reviews, banks were willing to offer borrowers some leeway, encouraged by producers’ hedges against falling prices and their ability to keep cutting costs in step with crude’s slide that began in mid-2014. This time, with many companies’ hedges largely gone and crude prices used in the reviews as much as 20 percent lower than six months earlier, banks are getting tough. Just a few weeks into […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=eb6444357a&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> www.reuters.com</a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Cheap Gasoline Creates Illusion of Abundance for American Motorists and Policymakers</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://ift.tt/1Kidv5i" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://ift.tt/1Kidv5i" height="179" style="background-color: transparent; text-align: left;" width="400" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">The U.S. saw average retail gasoline prices drop below $2 per gallon in early January, the lowest prices observed since 2009 during the depths of the global financial crisis. Cheap gas is fueling a driving boom in the United States, with consumption well above the five-year average for this time of year. It is still early, but the U.S. is on course to set a new record in gasoline consumption in 2016, breaking the previous high set in 2007. The EIA releases weekly estimates on gasoline consumption, which are less precise than the retrospective monthly surveys, but assuming the latest data is accurate, the U.S. is currently consuming gasoline at a rate typically seen at peak driving season in the summer months. As a result, the upcoming summer could be a blockbuster for American gasoline demand. Fuel efficiency gains secured? In 2009, U.S. President Barack Obama issued new standards </span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">[…]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=a9b252e318&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank"> energyfuse.org</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc1" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc20" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc20" style="color: #2d61a5; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">U.S. oil job cuts reach about 118,000</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">The U.S. oil industry handed out 23,200 pink slips in the first three months of the year as companies began cutting their once-flush spending budgets deeper than in the ferocious mid-1980s oil bust. The latest round of layoffs, including recent cuts by Chevron Corp., BP and Anadarko Petroleum Corp., has brought oil-and-gas job cuts across the nation to nearly 118,000 since the beginning of 2015. That’s more than one in every five workers the industry had when crude prices began to tumble, the Federal Reserve Bank of Dallas said Friday. “You won’t see job cuts bottom out until the middle of the year, if then,” said John Graves, a Houston oil consultant who has tracked the industry’s layoffs. The dramatic and ongoing exit of more than a fifth of the industry’s workforce comes as drillers sideline three-quarters of the drilling rigs they used to power the nation’s biggest oil […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage2.com/track/click?u=e230969c7ec1dec75cc347eaf&id=c725c17b10&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.houstonchronicle.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc1" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc21" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc21" style="color: #2d61a5; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Russia’s Most Important Bank Needs a Bailout</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">When the Russian government needed to build up infrastructure in the southern city of Sochi ahead of the 2014 Winter Olympic Games, it turned to Russia’s most important lender: Vnesheconombank, the country’s state-owned development bank. Russian President Vladimir Putin said private investors would be responsible for most of the Olympic costs, which ballooned to an estimated $50 billion. But VEB ended up picking up much of the tab, eventually holding the equivalent of at least $2.9 billion in overdue loans. Now, the bill is coming due. VEB for years kept its books in balance by borrowing heavily from foreign lenders. But after being slapped with sanctions by Europe and the U.S. following Russia’s annexation of Crimea in 2014, the bank faces the task of paying off about $20 billion in foreign-currency debt, about $3 […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=5335e81f53&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.wsj.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc1" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc22" style="color: #2d61a5; word-wrap: break-word;"></a><a href="https://www.blogger.com/null" name="m_6298445408865396163_mctoc22" style="color: #2d61a5; word-wrap: break-word;"></a></span></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Ford tests Fusion Hybrid autonomous research vehicles driving in complete darkness</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img alt="LiDar-on-ground" src="http://bioage.typepad.com/.a/6a00d8341c4fbe53ef01b8d1bbdc1b970c-550wi" /></div><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">As part of its LiDAR sensor development, Ford has tested Fusion Hybrid autonomous research vehicles in complete darkness without headlights on desert roads, demonstrating the capability to perform beyond the limits of human drivers. Driving in pitch black at Ford Arizona Proving Ground marks the next step on the company’s efforts to delivering fully autonomous vehicles. The development shows that even without cameras, which rely on light, Ford’s LiDAR (units from Velodyne), working with the car’s virtual driver software, is robust enough to steer flawlessly around winding roads. While it’s ideal to have all three modes of sensors—radar, cameras and LiDAR—the latter can function independently on roads without stoplights. National Highway Traffic Safety Administration data has found the passenger vehicle occupant fatality rate during dark hours to be about three times higher than the daytime rate. Thanks to LiDAR, the test cars aren’t reliant on the sun shining, nor […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="color: #2d61a5; font-family: "georgia" , "times new roman" , serif; font-size: large; text-decoration: none; word-wrap: break-word;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=ed17058abb&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.greencarcongress.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFyZP5wxFGjwzS6qTrJ_V0JCPqll5uZwiU9Bkd8NLMMbEKQwrj-ecCFgPCyiRbx6CG69CLDxWVznvVKOk0V6YjF-9zE8clHnZWOZceUp78y_IVxcpmeLpQbeP2CgEEvrgGC7ECWLdw5XPB/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFyZP5wxFGjwzS6qTrJ_V0JCPqll5uZwiU9Bkd8NLMMbEKQwrj-ecCFgPCyiRbx6CG69CLDxWVznvVKOk0V6YjF-9zE8clHnZWOZceUp78y_IVxcpmeLpQbeP2CgEEvrgGC7ECWLdw5XPB/s400/az+%25281%2529.jpg" width="400" /></a></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div></div><div style="text-align: center;"><br /></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-10401507215789674552016-04-11T20:25:00.000-07:002016-04-24T13:03:56.884-07:00Peak Oil Today - April 11, 2016<div dir="ltr" style="text-align: left;" trbidi="on"><div style="background-color: white; margin-bottom: 20px;"><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: x-small; font-weight: 400;"><i><span style="font-size: x-large; letter-spacing: -0.03em; line-height: 1.2em;">"PEAK OIL TODAY"</span></i></span></span></h1><div style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; line-height: 21.56px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="font-size: small;"><i><span style="font-size: large; letter-spacing: -0.03em; line-height: 1.2em;"><a href="http://endofenergy.blogspot.ca/2016/03/peak-oil-today-29-feb-2016.html" style="color: #888888; text-decoration: none;" target="_blank">The End Of Fossil Energy </a></span></i></span></span><br /><div style="font-size: 15.4px;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="font-size: medium;"><i><br /></i></span></span></div></div><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: large; font-weight: 400;"><i><span style="letter-spacing: -0.03em; line-height: 1.2em;">The very best weekly analysis and evaluation of the global peak oil situation with additional briefings, charts and videos, added by the curator from </span><span style="letter-spacing: -0.96px; line-height: 38.4px;">accredited</span><span style="letter-spacing: -0.03em; line-height: 1.2em;"> </span><span style="letter-spacing: -0.72px; line-height: 28.8px;">professional</span><span style="letter-spacing: -0.03em; line-height: 1.2em;"> sources, to enhance the informed investor's knowledge and understanding of its deep complexities and evolving outlooks. </span></i></span></span></h1><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: large; font-weight: 400;"><span style="background-color: transparent; letter-spacing: -0.72px; line-height: 28.8px;"><i>Everyone</i></span><i><span style="letter-spacing: -0.03em; line-height: 1.2em;"> should "<span style="color: red;">Bookmark </span>' this very important weekly post to stay abreast of this most critical aspect of global economics and life on this planet.</span></i></span></span></h1><div style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 15.4px; line-height: 21.56px; text-align: center;"></div><div style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 15.4px; line-height: 21.56px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: medium;"><img alt="Free Logo From Thefreelogomakers.com" class="CToWUd" height="49" src="https://blogger.googleusercontent.com/img/proxy/AVvXsEjFlLeBhGalSQbS7rJeAFLKRTFKvyPXHFPLXlt_EKs5Nh0t_Xd07xLB3r1H8BCPv04n9It7j7WaFH8qTiA_v8aL6G-jFcpfDugzHbelYn6_DT9didhBE1Z11zDxaB1W98LF3ezmetYD2-zlbyeKmszHFxww5nEF6sgQ2hvYAZd4o1DvaO-Pbr0mJspCp-1kE6GNuUe9951POECo497ym_oGZ8l39OhDcwBZLw=s0-d-e1-ft" style="border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; color: #222222; font-family: arial, sans-serif; font-size: 12.8px; line-height: 23.4667px; margin-right: 0px; padding: 5px;" width="200" /></span></span></div><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: medium; font-weight: 400;"><i> </i></span></span></h1><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 16px; letter-spacing: -0.03em; line-height: 1.2em; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: magenta; font-size: x-large; font-weight: 400;">Peak Oil Review – 11 April 2016 </span></span></h1><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; letter-spacing: -0.03em; line-height: 1.2em; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; outline: none;"><span style="color: #d5a6bd; font-size: small;">By Tom Whipple</span></span></h1><h1 class="post-title single" style="color: #666666; font-family: georgia, utopia, 'palatino linotype', palatino, serif; font-size: 30px; font-weight: 400; letter-spacing: -0.03em; line-height: 1.2em; margin: 0px 0px 20px; padding: 0px; position: relative; text-align: center;"><img alt="Association for the Study of Peak Oil USA" src="http://peak-oil.org/wp-content/uploads/ASPO-new-banner-adjusted2-120.png" height="163" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px;" width="400" /></h1><div style="color: #666666; line-height: 24px;"><div style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong><u><br /></u></strong><strong><u>Quote of the Week</u></strong></div><div style="font-family: arial, helvetica, sans-serif; font-size: 16px;"><strong><u><br /></u></strong></div><span style="color: #606060;"><span style="font-family: Helvetica;">“</span><i><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Generally, it takes 18 months before the world has a decent picture of supply and demand. This is little consolation to those trying to do real time analysis on the direction of prices. That is why I can say categorically “the fix is in”. In other words, fields are declining, meaning investment is far below levels required just to replace production. The only thing that will change the vector of these declines is more spending, lots more spending, and the only thing will spur lots more spending is higher prices. Significantly higher than $40/bbl.”</span></i></span><br style="color: #606060; font-family: Helvetica;" /><span style="color: #606060; font-family: Helvetica; font-size: 16px;"> </span><br /><div style="font-family: arial, helvetica, sans-serif; font-size: 16px; text-align: right;"><em style="color: #606060; font-family: Helvetica;">Brad Beago, Oilprice.com, Fortune Magazine</em></div><span style="color: #606060; font-family: Helvetica; font-size: 16px;"><div style="text-align: right;"> </div></span></div></div><div style="background-color: white; line-height: 24px; margin-bottom: 20px; text-align: center;"><div style="text-align: center;"><span style="color: #606060; font-family: "georgia" , "times new roman" , serif; font-size: large;"><i> </i></span></div><em style="color: #606060; font-family: helvetica; font-size: 16px; text-align: left;"></em></div><div style="background-color: white; line-height: 24px; margin-bottom: 20px; text-align: center;"><strong><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></strong><strong><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;">Contents</span></strong></div><div style="background-color: white; color: #666666; line-height: 24px; margin-bottom: 20px;"></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">1. Oil and the Global Economy</span></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">2. The Middle East & North Africa</span></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">3. China</span></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">4. Russia/Ukraine</span></div><div style="text-align: center;"><span style="color: #d5a6bd; font-family: "georgia" , "times new roman" , serif; font-size: large;">5. The Briefs</span></div><br /><div style="background-color: white; color: #666666; line-height: 24px; margin-bottom: 20px; text-align: center;"><strong><u><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></u></strong></div><div style="background-color: white; margin-bottom: 20px; text-align: center;"><div style="line-height: 24px;"><strong><u><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;">1. Oil and the Global Economy </span></u></strong><br /><strong><u><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></u></strong><strong><u><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></u></strong><div class="separator" style="clear: both; text-align: center;"></div><a 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" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img alt="Image result for stock rally" border="0" height="266" 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" width="400" /></a><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="color: #606060; text-align: left;">Oil prices surged 8 percent last Friday and are now back at levels seen at the top of the last price surge in mid-March. This time strengthening the US and German economies, a falling dollar, and the OPEC price freeze meeting on April 17</span><sup style="color: #606060; text-align: left;">th</sup><span style="color: #606060; text-align: left;"> was seen as the trigger behind the rally. Friday’s rally was the 12</span><sup style="color: #606060; text-align: left;">th</sup><span style="color: #606060; text-align: left;">time in the last two months that daily prices have surged by 5 percent or more showing that there is a lot of money eager to participate in big price rise that will come someday. However, this rally was mostly based on hopes that things are going to get better rather than any specific news, other than the recent increases in US gasoline consumption which are likely to short-lived as retail prices move higher.</span></span><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="color: #606060; text-align: left;" /><span style="color: #606060; text-align: left;"> </span></span><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="color: #606060; text-align: left;">Many traders and fund managers believe that the $26 bottom we saw on February 11th was the end of the nearly two-year price decline and are ready to buy into oil futures on any good news. Other traders continue to warn that the oil production remains relatively steady, oil stocks are still close to an all-time high, and that the OPEC meeting likely will turn out to be meaningless for global production. There is still talk that storage capacity is running short in some areas which could lead to a downturn in prices once again. New York futures closed the week at $39.72 and barrel and London at $41.94.</span></span><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="color: #606060; text-align: left;" /><span style="color: #606060; text-align: left;"> </span><br style="color: #606060; text-align: left;" /><span style="color: #606060; text-align: left;">US natural gas prices jumped 10 cents per million BTU’s on Friday to close above $2 for the first time in nearly two months. The move was attributed to cooler-than-normal weather in the Northeast and came despite US natural gas stocks increasing to 2.48 trillion cubic feet, a record for this time of year. </span></span><span style="color: #606060; font-family: Georgia, 'Times New Roman', serif; font-size: large; text-align: left;">Prices have been at historic lows in recent weeks because to the continuing glut of natural gas which is 54 percent larger than normal for this time of year. The low prices are starting to lure speculators who see the bottom as being reached and the prices have nowhere to go but up.</span><br /><span style="color: #606060; font-family: Georgia, 'Times New Roman', serif; font-size: large; text-align: left;"><br /></span><br /><a 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" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Image result for natural gas processing plant" border="0" height="327" 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" width="400" /></a><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="color: #606060; text-align: left;"> </span><br style="color: #606060; text-align: left;" /><span style="color: #606060; text-align: left;">Last week the infamous Keystone pipeline, which moves 590,000 b/d of Canadian crude to the US, ruptured in South Dakota. The leak released about 17,000 gallons of crude but did little environmental damage. After a week of repairs, the pipeline was to reopen at reduced pressure over the weekend. Due to the glut of oil I US storage facilities, the markets largely ignored the one-week shutdown.</span></span><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br style="color: #606060; text-align: left;" /><span style="color: #606060; text-align: left;"> </span><br style="color: #606060; text-align: left;" /><span style="color: #606060; text-align: left;">Goldman Sachs published an interesting theory last week that a price of $35 a barrel is the ideal “Goldilocks” price for US crude oil. The idea is that prices around $30-35 a barrel are enough to keep many oil producers in business until the markets are again rebalanced, but is not high enough to stimulate a surge in production that will only prolong the glut.</span></span><br /><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="color: #606060; text-align: left;"><br /></span></span><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="color: #606060; text-align: left;"><br /></span></span><img height="213" src="http://media1.s-nbcnews.com/j/newscms/2014_34/632631/140822-goldman-sachs-1853_3aeffe6ef6de7809f0a7e273a3764c9f.nbcnews-fp-1200-800.jpg" width="320" /><br /><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="color: #606060; text-align: left;"><br /></span></span><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><span style="color: #606060; text-align: left;"><a href="http://peak-oil.org/peak-oil-review-11-apr-2016/" target="_blank">READ MORE</a></span></span><br /><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR_9tMOtEN8RPBjNIw7-4RWPQZ_3BaBIJB0YdfQ2cQXs2VLgUpI0X2T7TLpEnp4L2LDs-6lvW9IKNUaiQO_wKnhq9hJsJjzc7pV7kfUv3xTZmCRtWw-jgjWg9yah_PIh_7LafsOI-pKfjX/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="168" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR_9tMOtEN8RPBjNIw7-4RWPQZ_3BaBIJB0YdfQ2cQXs2VLgUpI0X2T7TLpEnp4L2LDs-6lvW9IKNUaiQO_wKnhq9hJsJjzc7pV7kfUv3xTZmCRtWw-jgjWg9yah_PIh_7LafsOI-pKfjX/s320/azzz+%25281%2529.gif" width="320" /></a></div><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span><div><strong><u><span style="color: #a64d79; font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></u></strong></div></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-87586936009573342622016-04-11T01:00:00.000-07:002016-04-24T13:03:56.913-07:00Today's ENERGY News - April 11, 2016<div dir="ltr" style="text-align: left;" trbidi="on"><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie8fXyjEwPl3mzd3l_JmkmashaZEnyVPgQQNUWM1OqOrPr1Jd5Ane_o9PlsX5zEqYdYXkhYdgCwitNb9nZTKTCGJD5FzvwW4vPFon8jLxKoBh3zQu0QF6qEeizfZMGlqXUO2E_JlSNCHhj/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie8fXyjEwPl3mzd3l_JmkmashaZEnyVPgQQNUWM1OqOrPr1Jd5Ane_o9PlsX5zEqYdYXkhYdgCwitNb9nZTKTCGJD5FzvwW4vPFon8jLxKoBh3zQu0QF6qEeizfZMGlqXUO2E_JlSNCHhj/s640/azzz+%25281%2529.gif" width="640" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><h2 style="background-color: white; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 22px; margin: 0px; padding: 0px; position: relative; text-align: center;"><span style="font-family: "georgia" , "utopia" , "palatino linotype" , "palatino" , serif; font-size: 50px; font-weight: normal; line-height: 70px;">Top Stories </span></h2><div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; font-family: Helvetica; font-size: 18px; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"></h2><h2 style="background-color: white; font-family: Helvetica; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: blue; font-size: x-large;">Shell under pressure to reduce spending</span></h2><div><span style="color: blue; font-size: x-large;"><br /></span></div><div style="background-color: white; color: #606060; font-family: Helvetica; font-size: 14px; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><img height="305" src="https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcQfGrIhp3i-DEd0YqR5e4KKSOzRzEIp8J6D58wkLp-AlDNK-B9S" width="400" /></div><div style="background-color: white; color: #606060; font-family: Helvetica; font-size: 14px; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000RDS%27B-&SF:1%7C5-BG=FFFFFF-BT=0-WD=635-HT=395-" imageanchor="1" style="clear: right; float: right; font-family: Helvetica; font-size: 14px; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-512-03NA000000RDS%27B-&SF:1%7C5-BG=FFFFFF-BT=0-WD=635-HT=395-" height="199" style="background-color: transparent; text-align: left;" width="320" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Royal Dutch Shell is under pressure from shareholders to cut annual spending below $30 billion after buying BG Group to ensure it can maintain its dividend given the slow oil price recovery. Shell and other large oil companies slashed budgets, scrapped huge projects and cut tens of thousands of jobs last year in the face of a slump in oil prices from a June 2014 peak of nearly $116 a barrel to below $40. Shell reduced spending by $8.4 billion to $28.9 billion last year and for the first time in more than three decades global capital spending in the oil and gas industry, known as capex, is set to fall for a second year in a row. After the completion of the $50 billion BG acquisition, the Anglo-Dutch company set 2016 spending for the […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=545d658315&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.reuters.com</a></span></div></div><div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></h2><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">US Shale Oil Production Costs Fell by 30% from Decade High</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://www.economiccalendar.com/wp-content/uploads/2016/03/Shale-oil-cost-chart.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="Shale oil cost chart" border="0" src="http://www.economiccalendar.com/wp-content/uploads/2016/03/Shale-oil-cost-chart.png" height="159" width="320" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Costs associated with shale oil exploration and production decreased by a third in 2015 thanks to implementation of more effective technologies. Experts are certain that this could affect crude oil prices in the short term. Costs beared by US shale producers shrunk by 25-30% last year in comparison to their decade high in 2012. This is attributed to the usage of advanced technology that improved the effectiveness of both well drilling and post-drilling well development, according to research conducted by the energy industry consultant IHS Global Inc. and commissioned by the Energy Information Administration (EIA). IHS has conducted research in the US’s largest shale oil production regions of Eagle Ford, Bakken, Marcellus and Permian. When compared to figures from 2014, the cost of putting a single oil well online decreased by 7-22% last year. The experts at IHS believe that keeping exploration and production costs lower </span><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">can have an […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><a href="http://www.economiccalendar.com/2016/03/30/us-shale-oil-production-costs-fell-by-30-from-decade-high/" target="_blank"> ec.com</a></span></div></div><div style="text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Canadian energy sector in sharp decline</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">An energy group in Canada said it estimated the two-year spending trends in the oil and gas sector were at their lowest level in more than 60 years. The Canadian Association of Petroleum Producers estimated capital spending in the sector is expected to decline 62 percent from 2014 levels to $24 billion, the largest two-year decline since record-keeping began in 1947. “Canada needs urgent action to remain an attractive market for oil and gas investment, and to be competitive relative to other oil and natural gas producing jurisdictions,” CAPP President and CEO Tim McMillan said in a statement. The organization last year said it estimated more than 4,000 people would lose their jobs as a result of […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage.com/track/click?u=e230969c7ec1dec75cc347eaf&id=6fea1ce79a&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.upi.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Goldman Sees Russia Oil Output Rising Amid Doha Freeze Talks</span></h2><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Oil and the Doha Meeting Russian oil and condensate production will rise through 2017, even as the nation prepares for talks on an output freeze with other producers, according to Goldman Sachs. Russian output will climb to 11.2 million barrels a day this year from 11.1 million barrels in 2015 due to a weak ruble, low-cost deposits and a tax rate that adjusts to lower prices, Goldman analysts including Geydar Mamedov said in a research note dated April 7. Production is projected to increase to 11.4 million barrels a day […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> <a href="http://peak-oil.us6.list-manage1.com/track/click?u=e230969c7ec1dec75cc347eaf&id=6d09536f94&e=adb72e36e3" style="color: #2d61a5; text-decoration: none; word-wrap: break-word;" target="_blank">www.bloomberg.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div></div><div><h2 style="background-color: white; color: rgb(96, 96, 96) !important; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;">Here’s why the markets may be decoupling from oil</span></h2><div><span style="font-family: "georgia" , "times new roman" , serif; font-size: x-large;"><br /></span></div><div style="text-align: center;"><img alt="oil trains " src="http://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2016/04/08/103533451-GettyImages-187062517.530x298.jpg?v=1460142535" /></div><div style="background-color: white; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060;"><span style="line-height: 21px;"><br /></span></span></span></div><div style="background-color: white; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><a href="http://fortunedotcom.files.wordpress.com/2014/10/2ae6d863139a3eb071ef5caa6a80fd3f.png?w=650&h=384" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://fortunedotcom.files.wordpress.com/2014/10/2ae6d863139a3eb071ef5caa6a80fd3f.png?w=650&h=384" height="236" style="background-color: transparent; text-align: left;" width="400" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><span style="color: #606060;"><span style="line-height: 21px;">Well, this is a bit of a disappointment. We have oil flying (up nearly 7 percent!), we have a weak dollar, we have China quiet all week, and we have a dovish Fed that traders believe have put some kind of floor under the market. And this is all we get? The Dow Industrials up 40 points in a lackluster, average-volume session? In the past months, if oil would be up 7 percent and the dollar would be weak, we would have been up 200-250 points. What’s wrong? You can argue oil may be decoupling from the markets. Maybe. But the usual suspects that would benefit from a weak dollar are all up: energy, materials, industrials. In fact, there’s more than four stocks advancing for every one declining. So, why the </span></span></span><span style="color: #606060; font-family: "georgia" , "times new roman" , serif; font-size: large; line-height: 21px;">crummy point action? I think the problem is that the “V” rally is over. Remember, we dropped big […]</span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"> <a href="http://www.cnbc.com/2016/04/08/heres-why-the-markets-may-be-decoupling-from-oil.html" target="_blank"> cnbc.com</a></span></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsKhSx6ThH3EfkDWL8eTcIinVPDGF1Sc43FTxt0lCw1Hqi42G_MRVsu5tmxBu0GouSWJxtwQCJKxOVIt0LqVkGNGHZIK2OpqUHdYeiFESfsoG72DLT5TLekLM8CrLW-tuXpkdiw3i3cb_g/s1600/az+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsKhSx6ThH3EfkDWL8eTcIinVPDGF1Sc43FTxt0lCw1Hqi42G_MRVsu5tmxBu0GouSWJxtwQCJKxOVIt0LqVkGNGHZIK2OpqUHdYeiFESfsoG72DLT5TLekLM8CrLW-tuXpkdiw3i3cb_g/s320/az+%25281%2529.jpg" width="320" /></a></div><div style="background-color: white; color: #606060; line-height: 21px; margin-bottom: 1em; margin-top: 1em; padding: 0px; text-align: center;"><br /></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-22122648128526901832016-04-10T20:07:00.000-07:002016-04-24T13:03:56.943-07:00 #OMG Oil Tankers Cause Traffic Jam Near Iraq <div dir="ltr" style="text-align: left;" trbidi="on"><h1 itemprop="headline" style="background-color: white; border-bottom-style: none; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-top-width: 0px; color: #393939; font-size: 3.5em; line-height: 1.17; margin: 0.45em 0px 0px; padding: 0px 0px 15px; text-align: center; vertical-align: baseline;"> </h1><h1 itemprop="headline" style="background-color: white; border-bottom-style: none; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-top-width: 0px; color: #393939; font-size: 3.5em; line-height: 1.17; margin: 0.45em 0px 0px; padding: 0px 0px 15px; text-align: center; vertical-align: baseline;"><img alt="Image result for multiple oil tankers at sea" height="358" src="data:image/jpeg;base64,/9j/4AAQSkZJRgABAQAAAQABAAD/2wCEAAkGBxMSEhUSEhIVFRUVFRUVFRUWGBcVFRUVFRUXFhUVFRUYHSggGBolHRUVITEhJSkrLi4uFx8zODMtNygtLisBCgoKDg0NFQ8PFSsdFR0rKy0rLS0tKy0tLS0rKy0tKy4rLSsrLS0tLTctLSstNy03NzcrLS0tLSstLTctLSs3N//AABEIAKgBLAMBIgACEQEDEQH/xAAbAAADAQEBAQEAAAAAAAAAAAAAAQIEAwUGB//EADoQAAICAAMGAwUGBQQDAAAAAAABAhEDEiEEBRMxUWFBcZEiUoGh0QZTkrHh8BQVMmLxQ4LB0kJjov/EABgBAQEBAQEAAAAAAAAAAAAAAAABAgQD/8QAGhEBAQEAAwEAAAAAAAAAAAAAABEBIUFhMf/aAAwDAQACEQMRAD8A/Qs7E5iU2Gd9jzcwsTiNz7onN3CqyITgjnKbFxALyLoJxXRHNyFYHSkLQ52JsC2l0JaXRE5gcgp0ugmkS2S2BTSJcUS5CzFRWVENA5EthQ6IlRVktgTaDMugnLuS5dyopsh2gzdxN9wozCzdhN9xZgHm7CzLoS5BZUNtCtBmFmCnSFYmyWwGwsmxWBdiIzCcgOhzmFnObIPr0S0MLMokmy7JYE2S2NiYCsVgIAbFYMlruA2xNioMoCsGxNCaKoFYUKgBkjoTQAyWMTQENCotibBHNolnRkMpEMlspktFQmxZhuJADsBUAAAARQACCgllEsBM5yOjOckEfX2gcjgpDzGIR0bJJzCcgKZLQnIWYAaJaG2Q5FDZINktgimSxNibCmSwbJsBgybFYFMVktibAqxWS2KwKbJbE2SAMlgxNlA2S2Fk2AmS0Nsmyh0FislsCrCyHIWYC7FZGYWYC7JzEtktgXmIlIVkykB9WpBmMqxWDxWZjLS5CzGbjdxcQQacwnIz8QXEYitGYWYzvEZPEYhWixWcOKLiMsK7tibM7myc7EK0NibM+dkuTEK05hZjNnYnNiFaMwnIzcXzFxPMQrRmDMZniC4ghWlyJbM7xCeIxCtLkS2Z3iMTxCwru5EtnHOyXiMQru2S5HB4jJc2IV3chORwzMWZlhXaxWceIGcQrq5CzHLMJyBXXMKzk5Etgrs5ESkcnImUgV7q2mMkqmteWur8kPL3Pmf4fE09lnqbtTjCpaavRlkZei49y4zpczLxF1/MXEXUg2cUXFMfFXUl4i6sit3FFxTE8VCeMBt4pLxTE8ddV6nL+NjdZlf78eRYPR4ocU8/+JXvR9UTPaItNZo6rqgN7xdLIeJ5/M8hQj96vVfU5Yso61iJV1bberV8/iIPcc6EsU+ehtC0eeK5aNSevi5a6IqW1KWJJtJJ/wDjGTUVy0i29fUsHt4m0pNJ6Xy+N6/IJSswPAj39WdFKl5CDS2hWjPnJcu4Rq4hPFPNUMRf6v8A8iyT+8X4RFr0uLpfxJeN30PLxniRVqeblploywxsX3Zegg9rFb1lbpc6Wi8ESpXymzyobTiq04tpqmqinXPR1p5o5YUsSNVB8+2vbyEHsSlXOb9CliUquzy8TapP/Qfr+h1W8Z8PEw/4de2o1JtZoOLu46eI5HoPEJ4h5OzY2JftRbttt+Ovjd6mzP3CNPEFxDNnJzga+ILiGRzFnA1vEE8QyZxOYVqeITLEM2cmUxB7vEDiHLHk4xcl7TSbSurfQ83C3rJr2sLFTvwTkq+QR63EQcRHnLeP/qxvw0Ztg27EbSlGbTyq6aS1ftfP5CD2XiCeIS4/3L1YqfvfNgVxCZyTTTSaao47RjRgrlNRXK23z6fIie1xUc+dV1UgM73XH3pfIP5ZH3pfL6F423QyOSxFeW4+1zemleVnPYNv4lrx1ap+CrvfiW6B7th70vl9B/yyPWXy+he2bIsVU21T5rny7nKO7UlSxcSvNfQUOW7of3vyr6Ex3fFurmn0dDe7l95ifi/Qhbujf9eJ+L9BfQts2OGHDDnmtTc4v2tVkq9FGuUl4s57Js0Jq/a9V/x5MrF3VF+M+9u+fwO+w7MsK8tvNV32/wAi8Ddxn29CXiEcVk52QdHMXEIzsWZgVxBcQnMzhh7bCWkcSLfZoDRnFnOU8ZJN3yV+BPG7r1/QDrxAczJvXaY4awJRnFuSm5LNqnGSVNeFp/IWybcsT+l686tXXWl4BWpzFnJtizMCnIlyJzvr+QOTCG5Ccicz6hbAHInExaTk/BN6c9FYWyZptNPk9H0KMmHvaD53HzX0G954evtLtz1+RS2OHuR9EH8ND3I+iArY954LkuJJxjmWbR5stq8unOrPO2neXtyyTbjmeV1Tcb9lvTnRvWzx9yPoiJbLH3I+iA+lvuxN92clITkZHZT7sFidzg2CsDhib4wFyxI3dcnpr4mmG14ctVNNdn6HyW17HiSnOWTnJvTlzFh7uxq0TSu6zVr1o1FfUbVjYbi7yyS1ptc0cFHB5ZcD8S/6ng/y7Hrt5i/lOK+nxYg+i4OC9MmHy8K+iN2HsmBHZsfEzxhOMXlSyxlJNey0/M+TjuvG95L/AHP6BibnnTbmm/Bau/iSeri472nSWflLM3er0rK34rzPfwNqhiK4TT0Vq1avqfKLdU30Pc3JsrwVK0m5NO+yWi+b9S6j080bVypNpXzq9FotTHtvEeKsmHjyw4XS1itf68unLlr4vzNMse/BGeUU+tdLdenIyuPSxVVxWBNSaVSlJ5VVSlWiTeW9NTwMff2GnpGb59ulG+vh8WYcTdmHJ20++rLhsejhY6lFSprMk6b1VlZl+2Z8OKSSXgq5vwHYR3zR7izx7nGxWB2zrozyZbog5OWaStt6UufQ3TmlzaXd/qCf+fADG91YfvYnxlYlurD5XP8AEbMyO+w7LLFnw4uKk02szpdEvNukvMUeJt27oRi5+28qbazW3XdnDd+9MHCbajNWktcsuTbNeFvCMnlkqvSnrrbVN8unqaVs8FyhH0RRmf2hhb1lXh7Kv8xYm/cGWHiRefM4pQdJVJSTvTwpP1NXBj7sfRCnhxaql6IDzt1bzzYig5OSlaVrXlfP/b8z25Pt+X0McMJLkkvgUEd3Ps/l9CXLs/X9DiDYHTN5+q+gZuz9f0Oal+6Fm8vQC8/n6r6CzefqvoQ5E5vIDo5EylXO/kRmPP3js6nJN59IpaSaXN+F9wPrbFmZFisyq7ERYs4DcR0TT6EtlFsRKsWoFktkMAGkMlruDAdisK7nn7626WDGMoxUk5U7dNWtK9GB6GYLPn8D7Sx5Tg13X05mqO/sF8pL42vHuhB6wrPJhv7C8XXxv/hCw98YLcs09Myyu5LR106OwPXOG0Y6i5J6ygpNx0zeyra17fA57u+0Wz4WJHFc74cliKLt53BqSh41dNX5Hmfaz7SYW17RLaIQeFmw4QcfFuMak3Wjt36Ic1em7FmsfZ24rTEi6UvB3pdd0eVgbnxY/wBOJl8m1+Qbk3n7cMG24/0xSj8Xbetd+x9K8JdS/EeDHduN9++d6Xz68ysTd2JLSWPNx0utHo752ey8MloD53+SyejxHXxenqfQxxKSSSSSSSXRInKPKEDmS5jpiykCzCbHlFQCsTkPKJoqJzCsdBQCchOQNCAVktlkya6Ae2proJshSG5mWgCbROYLAqUyXIMwsxQWArFYDTFYlMLAdjsjMJyAqzHvXZeLBRuknfy/U1ZxNgeHH7Px8ZM6x+z+H/c/ierY8xajzY7jwuj/ABMeHubCXON+ds9ByCyUY1urB+7j6HHbN1wlK1CK0SqMVFadkqPRzESYGTY92whTyq14m9s5phYHSxWc2wsFXYWc7CwOjJZFiCOlAzlYNgdBHNMGBQMgdAAmvIQmwKohodEsD1gvuAEaD8xX+2DEUF9/kDfmAmwBvsDYrCwATYxJgIENsLAT+Ah2DYEjEAQMTGKwFYmNsVgHwKeIRYBBKQrG2TYDsTl+9BAwCxDsVgDkLMMAJzBY6CgIC2U0FAQK2WDQEMTLJYR6lhYgI2LBsQAOxWAAKwsAATYrACgYNgACzCbAAAViAAsTYAEFisAABWMAE2KwAAYmAAIGxAEPMLMAAJyFm/dgADzfv9sWZAAA5IVgACtEykhgB//Z" style="color: black; font-size: medium; font-weight: normal; line-height: normal;" width="640" /></h1><h1 itemprop="headline" style="background-color: white; border-bottom-style: none; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-top-width: 0px; color: #393939; font-size: 3.5em; line-height: 1.17; margin: 0.45em 0px 0px; padding: 0px 0px 15px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><span style="font-family: Georgia, Times New Roman, serif;">Shocking Photo: Nearly 30 Oil Tankers in Traffic Jam Off Iraqi Coast</span></span></h1><div><span style="font-weight: normal;"><span style="font-family: Georgia, Times New Roman, serif;"><br /></span></span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><span style="font-weight: normal;"><span style="font-family: Georgia, Times New Roman, serif;"><br /></span></span></div><div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; font-style: inherit; font-weight: inherit; line-height: 1.6em; margin: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Oil tankers are caught in a traffic jam near the Iraqi port of Basra, causing delays in loading. According to <a href="http://www.reuters.com/article/iraq-oil-tanker-traffic-idUSL3N1781VT" style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;">Reuters</a>, around 30 very large crude carriers (VLCCs) are sitting in the Persian Gulf, and the backlog could cost ship owners more than $75,000 per day. Some could be waiting for weeks to reach the port.</span></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Check out this <a href="http://fingfx.thomsonreuters.com/gfx/ce/1/661/661/Basra.jpg" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;">shocking satellite photo</a> of the tanker traffic jam just off the coast of Iraq.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><img src="http://cdn.oilprice.com/images/tinymce/2016/Copy%20of%20Charles0704A.jpg" /></div></div><div style="text-align: center;"><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">The culprit is high oil production in Iraq. The port at Basra is struggling to load up all the oil tankers fast enough, forcing some to sit and wait. Iraq exported about 3.26 million barrels per day (mb/d) in March from its southern coast, which is up from just 2.5 mb/d in 2010.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><a href="http://oilprice.com/Energy/Crude-Oil/Advantage-US-In-The-Global-Petroleum-Showdown.html" style="border: 0px; color: #166aa5; font-style: inherit; margin: 0px; outline: none; padding: 0px; vertical-align: baseline;"><span style="border: 0px; color: maroon; font-style: inherit; font-weight: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><strong><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">Related: Advantage U.S. In The Global Petroleum Showdown?</span></strong></span></a></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;">And the line of tankers appears to be growing. The gridlock is forcing up the cost of renting an oil tanker. That, combined with the shrinking capacity of available storage in China is pushing up tanker rates in Asia as well. Shipping data shows that VLCC rates have doubled from $37,250 per day to $74,700 per day.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><a href="http://oilprice.com/Energy/Crude-Oil/Shocking-Photo-Nearly-30-Oil-Tankers-in-Traffic-Jam-Off-Iraqi-Coast.html" target="_blank">READ MORE</a></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJfJDCDLfF7UJrgr5T0JobXEyd_NGMny54YX0IoqrYr4yrRcIuVGNS8lXgzD1ilJOcT7m9QQ-2wEcVKa5WB05JtvXSsrzl3HkTBEEyReXCkBMI2L2xx6KssT3GwWcpwTBRipMsgBG_RwRI/s1600/azzz+%25281%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJfJDCDLfF7UJrgr5T0JobXEyd_NGMny54YX0IoqrYr4yrRcIuVGNS8lXgzD1ilJOcT7m9QQ-2wEcVKa5WB05JtvXSsrzl3HkTBEEyReXCkBMI2L2xx6KssT3GwWcpwTBRipMsgBG_RwRI/s400/azzz+%25281%2529.gif" width="400" /></a></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: Georgia, Times New Roman, serif; font-size: large;"><br /></span></div></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-22132186594437188392016-04-09T16:47:00.000-07:002016-04-24T13:03:56.961-07:00EIA Data Bullish Oil Prices Rise<div dir="ltr" style="text-align: left;" trbidi="on"><h1 itemprop="headline" style="background-color: white; border-bottom-style: none; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-top-width: 0px; color: #393939; font-size: 3.5em; line-height: 1.17; margin: 0.45em 0px 0px; padding: 0px 0px 15px; text-align: center; vertical-align: baseline;"> <img height="187" src="https://oilprice.com/images/tinymce/2016/Freenews0804A.jpg" style="background-color: transparent; text-align: left;" width="640" /></h1><h1 itemprop="headline" style="background-color: white; border-bottom-style: none; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-top-width: 0px; color: #393939; font-size: 3.5em; line-height: 1.17; margin: 0.45em 0px 0px; padding: 0px 0px 15px; text-align: center; vertical-align: baseline;"><img alt="Image result for oil fields" height="316" src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQt9zw3isXQ3l6qZyDcSe1VCyx_yJGg7ntjIjMlbzzkJPtr57dNHQ" style="background-color: transparent; text-align: left;" width="640" /></h1><h1 itemprop="headline" style="background-color: white; border-bottom-style: none; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-top-width: 0px; color: #393939; font-size: 3.5em; line-height: 1.17; margin: 0.45em 0px 0px; padding: 0px 0px 15px; text-align: center; vertical-align: baseline;"><span style="font-weight: normal;"><span style="font-family: "georgia" , "times new roman" , serif;">Oil Stages Comeback On Bullish EIA Data</span></span></h1><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Oil prices increased from the mid-$30s per barrel this week, with Brent once again rising above $40 per barrel and WTI sitting near $39 per barrel at the end of the week. Prices bounced around, trading down on growing pessimism surrounding the Doha meeting on April 17, but receiving a boost from the latest EIA figures.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><strong>EIA data looks bullish</strong>. The U.S. saw oil production fall by 14,000 barrels last week. The U.S. oil industry has posted consistent declines in recent months, and while the weekly data from the EIA is sometimes inaccurate, the best guess is that the U.S. is producing 9.008 million barrels per day right now. While it could take weeks or months to know conclusively, the U.S. could be about to drop below the key threshold of 9 million barrels per day in oil production.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><a href="http://cdn.oilprice.com/images/tinymce/2016/Freenews0804Bssssssssss.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="http://cdn.oilprice.com/images/tinymce/2016/Freenews0804Bssssssssss.jpg" style="background-color: transparent; text-align: left;" /></a><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;">Also, oil storage levels dropped last week for the first time in two months. Inventories fell by 4.9 million barrels to 529.9 million barrels and while that is down just a bit from the previous week’s record high, the oil markets grew optimistic that the drawdown finally marked an inflection point. If the U.S. posts a few more weeks of drawdowns, oil prices will likely firm up as the data will be pointing much more confidently towards the supply/demand situation reaching a balance. In other words, the data is showing more decisive signs that the global supply overhang will narrow and potentially disappear towards the end of this year.</span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><a href="http://oilprice.com/Energy/Energy-General/Oil-Stages-Comeback-On-Bullish-EIA-Data.html" target="_blank">READ MORE</a></span></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7FFpBGNAZN9T_MMGZmo7FQvMbh8Y6rkoUXv2e6Z6MAUXK7IsZwYsLqA6nj-ELBYh92opRS1-C8aYr7BhJlDuPgQYv1UtL6Y3mr1KKgPOMAq-aBsrKoeJqasHAPE25PF36kGHT6AY_OVh3/s1600/ab4.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7FFpBGNAZN9T_MMGZmo7FQvMbh8Y6rkoUXv2e6Z6MAUXK7IsZwYsLqA6nj-ELBYh92opRS1-C8aYr7BhJlDuPgQYv1UtL6Y3mr1KKgPOMAq-aBsrKoeJqasHAPE25PF36kGHT6AY_OVh3/s320/ab4.jpg" width="320" /></a></div><div style="background-color: white; border: 0px; color: #393939; line-height: 20.625px; margin-bottom: 1em; padding: 0px; text-align: center; vertical-align: baseline;"><span style="font-family: "georgia" , "times new roman" , serif; font-size: large;"><br /></span></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-2211509891988400356.post-90075536536850555152016-04-08T17:18:00.000-07:002016-04-24T13:03:56.978-07:00EYE on the World - Streetcars With Many Names <div dir="ltr" style="text-align: left;" trbidi="on"><div class="gmail_default" style="background-color: white; font-family: arial, sans-serif; font-size: 12.8px;"><h3 style="color: #222222; font-stretch: normal; margin: 0px; text-align: center;"><br /></h3><div class="separator" style="clear: both; color: #222222; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisjnzym4sN_X7XiEGSZ8yMqK-QvvMZEt_jH0j97xtSnpKSZEBpoGpsZfCyWr4x2QidAYvTyeAx04rgZK3ZNs46p6gYtsjbm7RwZSOOa-RxeoXFr-yjgHXDmTU-uMyrdGSeyO6I93JaWGjt/s1600/azzz+%25282%2529.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="336" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEisjnzym4sN_X7XiEGSZ8yMqK-QvvMZEt_jH0j97xtSnpKSZEBpoGpsZfCyWr4x2QidAYvTyeAx04rgZK3ZNs46p6gYtsjbm7RwZSOOa-RxeoXFr-yjgHXDmTU-uMyrdGSeyO6I93JaWGjt/s640/azzz+%25282%2529.gif" width="640" /></a></div><div style="color: #222222; text-align: center;"><br /></div><h3 style="color: #222222; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0px; text-align: center;"><span style="color: black;"> </span></h3><h3 style="font-stretch: normal; margin: 0px; text-align: center;"><span style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px;"><span style="color: magenta;">Streetcars With Many Names </span></span></h3><h3 style="color: #222222; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0px; text-align: center;"><img alt="Inline images 6" height="133" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=153f70ebf668946a&attid=0.3&disp=emb&realattid=ii_153f4ca4f3cf7835&attbid=ANGjdJ_5860EOMa6pVI5vOsdsYV3k_B1FGdX4E71cOwL05QBac6mlhIE3HLUWGbc-jWur-nJf8j8-aye-6EsvOWbKLlptFdiW_yNM4ssjPP9APWLT-ycYKcnCJ3UV3w&sz=w1142-h766&ats=1460159742345&rm=153f70ebf668946a&zw&atsh=1" width="200" /></h3><h3 style="color: #222222; font-stretch: normal; margin: 0px; text-align: center;"><span style="font-weight: normal;"><span style="color: black; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px;"><br /></span></span></h3><h3 style="color: #222222; font-stretch: normal; margin: 0px; text-align: center;"><span style="font-weight: normal;"><span style="color: black; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px;">Turmoil </span><span style="color: black; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px;">Strikes Calgary Realty Market </span></span></h3><div style="color: #222222;"><span style="color: black;"><br /></span></div><div style="color: #222222; text-align: center;"><span style="color: black;"><br /></span></div><div style="color: #222222; text-align: center;"><span style="color: black;"><br /></span></div><div style="color: #222222; text-align: center;"><span style="color: black;"><img alt="Inline images 4" class="CToWUd a6T" height="185" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=153f70ebf668946a&attid=0.2&disp=emb&realattid=ii_153f4c448eb9203a&attbid=ANGjdJ8gHD87P1MkPMKpvjHGbg1RZD93X3vLDNUeZ-hbsOzPR0pfw8uDqRQS5X5rLYLRDjqF5i3SsG4Akf9pRFLXziyvIoiJhqB3GOjJPldk7yjO3aG98WT4oFuRxdQ&sz=w494-h370&ats=1460159742346&rm=153f70ebf668946a&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="247" /></span></div><h3 style="color: #222222; font-stretch: normal; margin: 0.75em 0px 0px; text-align: center;"><div style="text-align: start; width: 786px;"><div style="text-align: center;"><span style="color: black;"> </span></div></div></h3><h2 style="border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1px; color: #222222; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 20px; font-stretch: normal; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><span style="color: black;"><span style="font-family: georgia, 'times new roman', serif; font-size: medium;"> </span><span style="font-family: georgia, 'times new roman', serif; font-size: medium;">NO RELIEF IN SIGHT</span></span></h2><h2 style="border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1px; color: #222222; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 20px; font-stretch: normal; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><i><span style="font-weight: normal; line-height: 1.5;"><span style="font-family: georgia, 'times new roman', serif; font-size: medium;"><span style="color: black;"><br /></span></span></span></i></h2><h2 style="border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1px; color: #222222; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 20px; font-stretch: normal; letter-spacing: -1px; line-height: 27px; margin: 0px; padding: 0px; text-align: center;"><i><span style="font-weight: normal; line-height: 1.5;"><span style="color: black;"><span style="font-family: georgia, 'times new roman', serif; font-size: medium;">"</span><span style="font-family: georgia, 'times new roman', serif; font-size: medium;">Calgary resale home prices fell for the fifth straight month in February, as sales of detached homes and condos plunged to the lowest level in more than a decade.</span></span></span></i><i style="font-family: georgia, 'times new roman', serif; font-size: large; font-weight: normal; line-height: 1.5;"><span style="color: black;">Home resales tumbled nearly 7 per cent last month from a year earlier and were 37 per cent below the region’s long-term average, the Calgary Real Estate Board reported. Benchmark prices, which track the price of a “typical” home in the city, dropped 3.45 per cent in the region to $445,000." - </span></i><i style="font-family: georgia, 'times new roman', serif; font-size: 14px; font-weight: normal; line-height: 21px; text-align: right;"><b><span style="color: black;">The Globe and Mail</span></b></i></h2><h1 style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #222222; font-family: 'chronicle display', serif; line-height: 1.2em; margin: 0px 0px 4px; outline: 0px; padding: 0px; text-align: right; vertical-align: baseline;"><span style="color: black; font-size: x-large; font-weight: normal;"> </span></h1><h1 style="border-image-outset: initial; border-image-repeat: initial; border-image-slice: initial; border-image-source: initial; border-image-width: initial; border: 0px; color: #222222; font-family: 'chronicle display', serif; line-height: 1.2em; margin: 0px 0px 4px; outline: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><span style="color: black; font-size: x-large; font-weight: normal;">Calgary Home Market Struggles With Oil Bust</span></h1><div style="color: #222222;"><span style="color: black; font-size: x-large;"><br /></span></div><div style="color: #222222; text-align: center;"><span style="color: black; font-size: x-large;"><img alt="Inline images 5" class="CToWUd a6T" height="416" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=153f70ebf668946a&attid=0.6&disp=emb&realattid=ii_153f4c8e0da4fae6&attbid=ANGjdJ9ksieZhvc-OyOSsWtzmPMP0_mA2RIoErzS-ZWkQ8r0teaFpYkHG2h3-UhQK1DUJWVRVyPgop0quGWvgCTH11RsdaxUDzT8fH4_XanS_ta67oSiimrS9sDCCDE&sz=w1194-h832&ats=1460159742350&rm=153f70ebf668946a&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="597" /> </span></div><div style="color: #222222; text-align: center;"><b style="color: #999999; font-family: georgia, serif; font-size: large; line-height: 20.48px; text-transform: uppercase;"><a href="http://pwa2000.blogspot.ca/2016/04/turmoil-strikes-calgary-realty-market.html" style="color: #1155cc;" target="_blank">READ MORE</a></b><span style="color: black; font-size: x-large;"><br /></span></div><div style="color: #222222; text-align: center;"><span style="color: black; font-size: x-large;"><br /></span></div><div style="color: #222222; text-align: center;"><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px;"><a href="http://www.drkinesa.blogspot.ca/2016/04/is-global-warming-killing-earths-oceans.html" style="color: #1155cc; text-decoration: none;" target="_blank"><span style="color: black;">Is Global Warming Killing Earth's Oceans?</span></a></h3><h1 style="border: 0px; font-family: 'PT Sans Caption'; margin: 0px 0px 12px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: georgia, 'times new roman', serif; font-size: medium;"><span style="color: black;"><br /></span></span></span></h1><h1 style="border: 0px; font-family: 'PT Sans Caption'; margin: 0px 0px 12px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: georgia, 'times new roman', serif; font-size: medium;"><span style="color: black;"><img alt="Inline images 8" class="CToWUd a6T" height="175" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=153f70ebf668946a&attid=0.4&disp=emb&realattid=ii_153f4e272626b489&attbid=ANGjdJ9IvXyKG1qDltnAjEefZpsc61jP12V9G9ufSPq3X5ZUKOTgORz0GpELJQ3JCsaQ98v3mnw5Oh4iCreSnnPoDb-mGhbaGHw7se8Ox6oQaaW3pyPaz_qlWTQJx1I&sz=w466-h350&ats=1460159742351&rm=153f70ebf668946a&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="233" /></span></span></span></h1><h1 style="border: 0px; font-family: 'PT Sans Caption'; margin: 0px 0px 12px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: georgia, 'times new roman', serif; font-size: medium;"><span style="color: black;">NOT A GOOD TIME TO BE A FISH </span></span></span></h1><div style="font-family: 'PT Sans Caption'; font-size: 15.4px; line-height: 21.56px;"><span style="border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: Georgia, 'Times New Roman', serif; font-size: medium;"><i><span style="color: black;"><span style="line-height: 28.8px; text-align: start;">As the oceans continue to warm, it is crucial to understand how our actions are affecting marine life. Some species will not be able to withstand the increase in temperature. The most recent </span><a href="http://nca2014.globalchange.gov/report/regions/oceans#narrative-page-16751" style="color: #1155cc; line-height: 28.8px; outline: none; text-align: start; text-decoration: none; white-space: pre-wrap; word-wrap: break-word;" target="_blank">U.S. National Climate Change Assessment</a><span style="line-height: 28.8px; text-align: start;"> projects that outbreaks of marine diseases are likely to increase in frequency and severity as waters warm under climate change. Researchers are working around the world to determine whether and how species will survive disease events in our </span><a href="http://rstb.royalsocietypublishing.org/content/371/1689" style="color: #1155cc; line-height: 28.8px; outline: none; text-align: start; text-decoration: none; white-space: pre-wrap; word-wrap: break-word;" target="_blank">increasingly altered oceans</a><span style="line-height: 28.8px; text-align: start;">. </span></span></i></span></span></div><div style="font-family: 'PT Sans Caption'; font-size: 15.4px; line-height: 21.56px; text-align: right;"><span style="border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><span style="font-family: Georgia, 'Times New Roman', serif;"><span style="line-height: 28.8px; text-align: start;"><b><span style="color: black;">The Conversation</span></b></span></span></span></div><div style="font-family: 'PT Sans Caption'; font-size: 15.4px; line-height: 21.56px;"><span style="border: 0px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><b style="color: #999999; font-family: georgia, serif; font-size: large; line-height: 20.48px; text-transform: uppercase;"><a href="http://www.drkinesa.blogspot.ca/2016/04/is-global-warming-killing-earths-oceans.html" style="color: #1155cc;" target="_blank">READ MORE</a></b><span style="font-family: Georgia, 'Times New Roman', serif;"><span style="line-height: 28.8px; text-align: start;"><b><span style="color: black;"><br /></span></b></span></span></span></div></div><div style="color: #222222; text-align: center;"> </div><div style="color: #222222; text-align: center;"><br /></div><div style="color: #222222; text-align: center;"><br /></div><div style="color: #222222; text-align: center;"><br /></div><div style="color: #222222; text-align: center;"><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 42px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px;"><span style="color: black;">Panama Papers: Window to Wealth, Power and Corruption </span></h3><div><span style="color: black;"><br /></span></div><h3 style="font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-stretch: normal; margin: 0.75em 0px 0px;"><span style="color: black; font-size: medium;">OR WHO REALLY CARES?</span></h3><div><span style="color: black; font-size: medium;"><br /></span></div><div><span style="color: black; font-size: medium;"><img alt="Inline images 7" class="CToWUd a6T" height="135" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=153f70ebf668946a&attid=0.1&disp=emb&realattid=ii_153f4d0baeb17297&attbid=ANGjdJ9OrqRdiIBlC5xAzwTNpEPkfVDHXNgEc0QpnKjJLtIdCUbA0zvLMCmjJ7pOwMzzR6joZkhfjeywpFKk7j7YBCY0Sb0JnDN_EFaFIWXMPA74JkMvvPChw4MEi-Y&sz=w482-h270&ats=1460159742354&rm=153f70ebf668946a&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="241" /> </span></div><h3 style="border-bottom-color: rgb(230, 230, 230); border-bottom-style: solid; border-bottom-width: 1px; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 42px; font-stretch: normal; line-height: 1.4em; margin: 0px 0px 20px; padding: 0px 0px 4px;"><div style="line-height: 24px; margin-bottom: 1.1em;"><span style="color: black;"><span style="font-family: 'Helvetica Neue', HelveticaNeue, helvetica, arial, sans-serif; font-size: 15px;"> </span><span style="font-family: Georgia, 'Times New Roman', serif; font-size: medium;"><i>The Panama Papers, a leak of over 11 million documents from the Panamanian law firm Mossack Fonseca. </i></span></span></div><div style="font-weight: normal; line-height: 24px; margin-bottom: 1.1em;"><span style="font-family: Georgia, 'Times New Roman', serif; font-size: medium;"><i><span style="color: black;">For decades, the firm has helped individuals and institutions incorporate their financial assets. On Sunday the International Consortium of Investigative Journalists published its findings from the data dump, including assets incorporated by people close to world leaders like Russian President Vladimir Putin and Chinese President Xi Jinping.</span></i></span></div><div style="font-weight: normal; line-height: 24px; margin-bottom: 1.1em;"><b style="color: #999999; font-family: georgia, serif; font-size: large; line-height: 20.48px; text-transform: uppercase;"><a href="http://www.firstfinancialinsights.blogspot.ca/2016/04/panama-papers-window-to-wealth-power.html" style="color: #1155cc;" target="_blank">READ MORE</a></b><span style="font-family: Georgia, 'Times New Roman', serif; font-size: medium;"><i><span style="color: black;"><br /></span></i></span></div></h3><div><span style="color: black;"><br /></span></div></div><h3 style="color: #222222; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="color: black;"> IMF Fears China's Collapse</span></h3><div style="color: #222222; font-family: georgia, serif; font-size: large;"><span style="color: black;"><br /></span></div><h1 style="color: #222222; font-family: georgia, serif; font-size: large; line-height: 1; margin: 0px 0px 16px; text-align: center;"><span style="line-height: 26px; text-align: start;"><span style="font-family: georgia, 'times new roman', serif; font-size: large;"><span style="color: black;"><img alt="Inline images 2" class="CToWUd a6T" height="155" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=153f70ebf668946a&attid=0.7&disp=emb&realattid=ii_153f4be0243120ad&attbid=ANGjdJ88wqGIQmzYYX8HmqwfjbGw1FORknCPYjxd_1G_oDZeYYbiM1o0LA5dXIiP6SxPT1L-oZ9289g3klGM92biTYIZekdUgJ_WG4HhmFVBz8-7iZ5L9oWUyl3V1oI&sz=w466-h310&ats=1460159742356&rm=153f70ebf668946a&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="233" /></span></span></span></h1><h1 style="color: #222222; font-family: georgia, serif; font-size: large; line-height: 1; margin: 0px 0px 16px; text-align: center;"><span style="line-height: 26px; text-align: start;"><span style="font-family: georgia, 'times new roman', serif; font-size: large;"><span style="color: black;">ONE SICK DRAGON</span></span></span></h1><h1 style="color: #222222; font-family: georgia, serif; font-size: large; line-height: 1; margin: 0px 0px 16px; text-align: center;"><span style="font-weight: normal; line-height: 26px; text-align: start;"><span style="font-family: georgia, 'times new roman', serif;"><i><span style="color: black;">“Purely financial spillovers from China are still very small, but likely to grow considerably as China gradually continues to integrate into the global financial system,” he said. “The evidence underscores the need for policymakers to take into account economic and policy developments in emerging market economies when assessing their own countries’ prospects.” </span></i></span></span></h1><h3 style="color: #666666; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><b style="color: #999999; font-family: georgia, serif; font-size: large; line-height: 20.48px; text-transform: uppercase;"><a href="http://pwa2100.blogspot.ca/2016/04/imf-fears-chinas-collapse.html" style="color: #1155cc;" target="_blank">READ MORE</a> </b></h3><div style="color: #222222;"><b style="color: #999999; font-family: georgia, serif; font-size: large; line-height: 20.48px; text-transform: uppercase;"><br /></b></div><h3 style="color: #666666; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;">ALERT: Natural Gas Prices Positioned for Huge Jump</h3><h3 style="color: #666666; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="color: black; font-family: Georgia, 'Times New Roman', serif; font-size: large; line-height: 20.48px;">Natural gas prices should double over the next year.</span> </h3><h3 style="color: #666666; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; margin: 0.75em 0px 0px; text-align: center;"><b style="font-family: Georgia, 'Times New Roman', serif; font-size: large; line-height: 20.48px;">Over-supply plus a warm 2015-2016 winter have resulted in low gas prices. That is about to change because supply is decreasing... </b></h3><h3 style="color: #666666; font-family: Georgia, Utopia, 'Palatino Linotype', Palatino, serif; font-size: 50px; font-stretch: normal; font-weight: normal; margin: 0.75em 0px 0px; text-align: center;"><span style="color: #999999; font-family: Verdana, Helvetica, san-serif; font-size: 15.4px; line-height: 20.48px; text-transform: uppercase;"><img alt="Inline images 1" class="CToWUd a6T" height="327" src="https://mail.google.com/mail/u/0/?ui=2&ik=c3587c137c&view=fimg&th=153f70ebf668946a&attid=0.5&disp=emb&realattid=ii_153f4b9b0625c8e4&attbid=ANGjdJ-PjmeZuuyGyoDTiK2nuTwvQaVXnmLnlDJS3cJaar83AF9qPXx2RAAYPg6NHbhCoF478hfHVOKYPH0ZeBt76Ub91PO30hbW9hWAJXhBGRxS2dAAn15gwPVukAk&sz=w1190-h654&ats=1460159742358&rm=153f70ebf668946a&zw&atsh=1" style="cursor: pointer; margin-right: 0px; outline: 0px;" tabindex="0" width="595" /> </span></h3><div style="color: #222222; text-align: center;"><span style="color: #999999; line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><b><br /></b></span></span></div><div style="color: #222222; text-align: center;"><span style="color: #999999; line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><b><a href="http://endofenergy.blogspot.ca/2016/04/alert-natural-gas-prices-positioned-for.html" style="color: #1155cc;" target="_blank">READ MORE</a> </b></span></span></div><div style="color: #222222; text-align: center;"><span style="color: #999999; line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><b><br /></b></span></span></div><div style="color: #222222; text-align: center;"><span style="color: #999999; line-height: 20.48px; text-transform: uppercase;"><span style="font-family: georgia, serif; font-size: medium;"><b><br /></b></span></span></div><div style="color: #222222; text-align: center;"><i style="font-size: 12.8px; font-weight: bold;"><div style="font-family: Georgia, 'Times New Roman', serif; 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