Hemp fuel and other biofuels could reduce carbon emissions while saving the electric grid, but they’re often overlooked for more expensive, high-tech climate solutions. On July 14, the European Union unveiled sweeping climate change and emissions targets that would, according to Gulf News, mean “the end of the internal combustion engine”: The commission’s draft would reduce […]
RT reported on March 26 that Russia is continuing to make great progress in putting an end to its dependence on American dollars when it comes to energy.
Energy giant Gazprom could become the first Russian company to exclude the US dollar from its foreign trade operations. It aims to switch to Russian rubles and other national currencies in payments for energy supplies.
Unelected U.S.-backed coup leader Juan Guaidó immediately moved to try to restructure Venezuela’s state-owned oil company and seek financing from the neoliberal IMF, reports Ben Norton of The Gray Zone. US Anointed ‘President’ Moves to Seize National Petroleum Company By…Read more →
For decades, the common thought about the United States was that its glory days of being the number one producer of oil were long over. Indeed, the current narrative in the US about gas prices is usually based on the uptick or downtick of suppliers from the OPEC cartel.
The Petrodollar is gaining strength. So is the Petroruble, to coin a phrase.
Yes, that was a pun.
The truth is that over the last twelve months, oil prices have been gradually and steadily on the increase. At the beginning of 2017, the price for a barrel of crude was about $56. It sunk gradually until June of last year, bottoming out in the mid $40’s, and has been on the rise again ever since.
Trump pauses while speaking in the East Room of the White House in Washington. (AP/Andrew Harnik)
With the exception of a few mentions in the mainstream press when the incident originally occurred, Exxon is getting away with murder concerning their most recent snafu. I’m talking about the huge explosion at a gasoline refinery in Torrance, California that rained toxic ash on playgrounds and homes. Exxon assured their employees, and local citizens that “all was well,” though.
José Martí, a Cuban poet and a revolutionary hero, once remarked how “the nation that buys, commands,” and “the nation that sells, serves.” Martí’s perspicacious observation holds especially true for oil-producing nations in Latin America today. Consumers in the United States constitute such an indispensible milieu for the consumption of international oil, and oil products, that competing in US markets seems a must for would-be suppliers. To that end, US consumption lends itself to private firms that largely dictate trade terms with developing world governments.
