By Rhod Mackenzie The undeclared conflict between OPEC and the autonomous US shale firms that persisted in recent years has ended with the triumph of the oil cartel. Unexpectedly, it was the major oil and gas companies who were responsible for OPEC’s triumph , as they are currently buying up every significant, medium and minor […]
WASHINGTON DC (The Last American Vagabond) — IPresident Trump recently praised a deal reached largely by Saudi Arabia and Russia, two of the top oil producers in the world who together dominate the Organization of the Petroleum Exporting Countries (OPEC), saying that the agreed upon production cuts would “save hundreds of thousands of energy jobs in the United States.”
Police prepare to remove a protestor from the top of a vehicle waiting to enter an exploratory drill site for the controversial gas extraction process known as fracking at Barton Moss in Manchester, England, Monday, Jan. 13, 2014. (AP/Jon Super)
Fracking companies in Britain privately admit they are “suffering” and struggling to secure finance, according to government documents obtained via freedom of information.
Russia and Saudi Arabia – the two biggest oil producers alongside the US – announced today Monday that they had agreed to extend oil production cuts for a further 9 months to March 2018.
The decision was announced in the form of a statement issued by the Russian and Saudi Energy Ministers, Alexander Novak and Khalid al-Falih. In their statement they said they would do “whatever it takes” to rebalance the oil market to eliminate the current supply overhang.
Maintenance workers inspect the damage to one of the spires on Benedictine Hall at St. Gregory’s University following an earthquake in Shawnee, Okla, Nov. 6, 2011. (AP/Sue Ogrocki)
PAWNEE, OKLAHOMA– For the last several years, something strange has been going on in Oklahoma. While the occurrence of earthquakes in the state usually hovers between one to three quakes annually, Oklahoma is now averaging one to three significant earthquakes per day.
