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WTI Crude Spikes Higher: US Deploys Special Ops Troops In Iraq, Obama Eases Oil Export Ban
It is unclear for now what the catalyst for the $1.70 spike in oil prices is but WTI just touched $107.50 in a hurry. It appears a combination of a WSJ story reporting the Obama administration has quietly cleared the way for the first exports of unrefined American oil in four decades, allowing energy companies to chip away at the long-standing ban on selling U.S. crude overseas (which could theoretically enable them to buy crude -bid price up- and sell for higher prices abroad as we show below); and and Reuters reports that the U.S. military began deploying assessment teams to Iraq with about 40 special operations personnel already in the country (which could mean risks are rising).
The Obama administration has quietly cleared the way for the first exports of unrefined American oil in four decades, allowing energy companies to chip away at the long-standing ban on selling U.S. crude overseas.
Federal officials have told two energy companies that they can legally export a kind of ultra-light oil that has become plentiful as drillers tap shale formations across the U.S. With relatively minimal processing, oil shipments could begin as early as August, according to one industry executive involved in the matter.
Using a process known as a private ruling, the U.S. Commerce Dept.'s Bureau of Industry and Security is allowing Pioneer Natural Resources Co. of Irving, Texas, and Enterprise Products Partners LP of Houston to export ultra-light oil known as condensate to foreign buyers who could turn it into gasoline, jet fuel and diesel.
The U.S. military began deploying assessment teams in Baghdad on Tuesday to evaluate the state of Iraqi security forces and decide how to help them counter an Islamist insurgency that has overrun part of the country, the Pentagon said.
Rear Admiral John Kirby, the Pentagon press secretary, said about 40 special operations personnel already in the country and assigned to the U.S. Embassy's Office of Security Cooperation had been deployed as part of the first two assessment teams.
About 90 additional troops arrived in Iraq to begin helping establish a Joint Operations Center in Baghdad with Iraqi forces. Another 50 U.S. military personnel working in the region are expected to arrive within the next few days to create four additional assessment teams, Kirby said.
Remember, there's more than one price for crude around the world...
Which may explain this...
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When crude reaches $117, grab yer ankles.
I already feel like I'm grabbing my ankles at the pump.
In Soviet America, ankles grab you!
Ha ha! But, if oil is scarce as so many say, then it SHOULD be priced very high. Oil is of incredible value to our world. I do not have a problem if oil is priced so that there is incentive to go and find more.
who did obuma get to go in to Iraq, idiots? fools? look GI you none too bright, black hawk down might ring a bell when clinton would not let our tanks into town to save spec op ass, so we would not upset the rag heads..the american public does not want you there, well except mccain and graham, but one's demented and the other sucks dick.
Your 'slaves' are getting more expensive.
http://www.planbeconomics.com/2013/10/peak-oil-and-reality-of-whats-comi...
I think it's outrageous that the US forbids oil exports whilst insisting other countries export their oil in USD and overthrows governments to enforce this.
& US Mercs, Mercenaries.
First people join the military, then get recruited to Private Security Firms or maybe a spy agency.
But how many deaths are reported on US Citizens that join a corporation as for a security force or merc? We must have 100,000 mercs from the USA. Well how many got killed in the last 12 years? TBI?
What we had:
A) 200,000 military deployed at the highest point(?)
B) 100,000 Logisticans
C) 100,000 Mercenaries
D) 100,000 Contract Workers(?)
Some of those probably double counted, so maybe 400K.
Kind of like saying, "I do not have a problem if industrialized nations are to collapse down to third-world status due to corrupt politicians who begin banker's wars for them by responding to terrorist threats, funded by the bankers, the resulting chaos sending crude through the roof" (you ain't seen nothing', yet).
Cheap and geopolitically stable oil is rare. Oil itself is plentiful, but just not at a price China, India or the USA/Germany will be able to afford it at.
US energy exports will do little at the start, but could have nasty kickbacks in pushing out Urals Sour and Venez. heavy.
I was told that we have oil for 100 years.
Why care for Iraq’s oil? They only have oil for ten years.
"We only have dollar for a day though."
The War Machine cometh.
It should be interesting to see how everything becomes Federalized this time around.
We're gonna need more than 500 special ops guys.
Politics:
The art of Controlling the Masses & Foreigners.
1) Roman Church had this down pretty well in the Roman Empire
2) Government is all about Control
3) Military is about enforcing control
4) Spy Agencies are about hidden control
5) Royalty is about Control
6) Spin, Advertising, Public Relations, & Propaganda are about Control
Doesn't matter if communist, capitalist, socialist, they want to control things till someone makes them a good lucrative offer, then they will go along with a new change.
Cognitive brain farts come to mind. All Liberals & Progressives have to have a conservative basis in business practices & in constitutional principals. But we don't have that Today. Neither Dems or GOP war mongering is conservative, nor is NSA spying, or Dirty Wars around the world.
We have no Conservatives in Congress:
A) If they are not based in the primary document the constitution.
B) They have to be against the corruption of money from lobbying & Campaign contributions & Gift Giving of all kinds
C) They have to be against Foreign Wars
D) They have to be for Standardized Accounting & Standardized Financial Instruments, plus they have to be for Transparency in banking that allows all citizens to see the risk
E) They have to allow Auditing of the Federal Reserve on an Annual basis since we live in an information age where transaction take only a second
F) They have to reduce the proliferation of national secrets and classification of congressional business
G) They have to end Secret Courts, Secret Documents related to Whistleblowers & Terrorists & the use of Patriot Act or NDAA Laws to justify secret courts
H) They have to Support Anti-Trust Laws and especially have to bring back freedom of the press partly through breaking up big media
I) They have to bring back government by the people and provide the information quickly to the people so they can be an informed voting public, Declassify, Support FOIA Requests by direct office visits, and answer mail requests within 30 days
Late Add: You can also control a population through "Inflation":
A) Inflated Court Costs if you have to sue a corporation or vice versa, limits both individuals & small businesses & Farms that get GMO Pollen into their crops/organic crops
B) Inflated Airfares and limit your movement, limit small businesses, may limit spread of international ideas
C) Inflated Gasoline makes it easier to track your money purchases and limits your movement
D) Inflated Hotel & Lodging Costs limit small businesses
E) Inflated Food Prices & Energy Prices can keep you local and perhaps keep you from networking with activists or political groups
Ahh some evil oil man must have made a big donation to our glorious leader; the greenest, almost blackest and most transparent prezidunt evva.
Assessment from the Special Ops Team: "Sir, with all due respect, we're f*cked."
Now JPM can start selling off the tankers full of oil that have been floating around for tbe last 7 years
Oil don't go bad bitcizzzzz
And JPM ain't that stupid....
Seems like if you got money, you would be dumb not to be an Investor of Exxon, Chevron, BP, Total, Shell, Occidental, or some other big oil corporation.
Figure safe to say a substantial number of Congressmen have Big Oil Investments.
tv88s
why invest in xom bp, they are in rosneft. invest in gazprom, rosneft?
you might want to look where the koch's have been placing money lately
http://www.forbes.com/sites/georgeleef/2014/06/18/koch-derangement-syndr...
duplicate... that down vote was just uncalled for...
headlines.ransquawk.com/headlines/us-commerce-department-says-no-change-in-policy-on-oil-exports-25-06-2014
they walked it back
Crude $106.74, where it has been quite a while now.
Great chart showing the Benchmarks...
DId you see what Minas is trading at?
No, didn't show. I check Tapis and Minas and Urals now and then, but not lately.
Its there...
$117 per Barrel, what would that translate to at the Gas Pump?
Diesel North of $5 Gal?
Gasoline North of $5 Gal?
Jet Fuel North of $6 Gal?
Impact?
Air Tickets a dollar a mile?
Walmart goods sold for $2 a pound more?
Food Prices Up 20%?
Just saw: Jet Fuel is over $5.13 on average
https://www.airnav.com/fuel/report.html
So, basically, no impact at all for those who matter in the Elysium Class and Elysium Support Class.
Unless continued global commerce is what keeps them in that class. . .
You got it.
I see air ticket prices as a big deal to me. I can stretch for $800 tickets to go overseas. But if there are no deals it is like $1200 minimum and I don't want to pay. If we see major gas price increases the airline industry will have to depend on Wealthy, Government, or Corporate Clients.
I checked Denver Airport Fuel Prices. Average is above $7. I assume it is Gallons, but maybe that is liters?
I don't know...what happened in July 2008 after oil reached almost 150 a barrel? And that was 150 in six-years ago prices...what would a spike like that look like today?
And how much weaker is our overall economy today? When those gas prices went up in 2008, more people were working. I was working, and felt the pump pain.
Now that I'm not, I don't have to buy it to get to work. Neither do a lot of other people.
There are other commodities that want to become more expensive, and some of them probably should, to reflect their growing cost of production/extraction and scarcity. (In a TRUE free market system, this situation would spur the development and use of alternate fuels. There would be people cruising down to the grocery store in vehicles powered by turnip juice or worm castings. But we don't HAVE free markets, so that hasn't happened. The government would shut these folks down before they backed out of the driveway.) Anyway, the economy can't support those price spikes, and people will not buy unless they have no choice. This is because other things have been artificially supported at higher prices than they should have, and in a tight money-flow situation there is no reserve to absorb the cost.
It will become problematic for the oil industry as the cost of getting the crap out of the ground goes up because we have to dig deeper and further for it. If they find significant resistance to price increases below the level they need to be profitable, they will dig less, resulting in less oil on the market.
You'll pay for it, and if you refuse you will stand in line for it, but either way its true market value WILL be extracted from you.
Don't expect much help from the government here...they can only release whatever reserves they have as a short-term fix (like before an election or something). Unlike money, they can't print it. So the free market, the REAL free market, WILL ultimately prevail. In the absence of alternate sources, oil, the actual physical commodity, is NEEDED. When it comes time to burn it, no substitute will work, in the end you MUST produce the actual oil. It's not like gold, where you can say, "Yeah! Of COURSE I've got it! Don't worry about it, it's right here...(pats side of Fort Knox)" and as long as he believes it, you're good.
The first time it goes below freezing in a large wealthy nation would be 'piss or get off the pot' time. They can't produce some convoluted statistics to get the furnaces going again. Unlike the people who can be talked into 'running on empty', they require the real thing, and you either have it or you don't. Fantasy World, meet Real World, where your voodoo don't work.
You hit on One Condition that would force government action.
If I understood you.
You said, if fuel got expensive, maybe demand would fall for households, which might cause higher prices, and the one situation that might force government action: might be if people were dying all over the place from the cold since debt/credit problems or refusal to pay thousands of dollars a month for heating energy. (Okay, I changed what you said a lot)
There has to be other precedent situations in the Depression.
In economics, utility is a representation of preferences over some set of goods and services. (Wikipedia) Deregulation of the electricity sector in the U.S. began in 1992. It reformed the Public Utility Holding Company Act of 1935 and amended the Public Utility Regulatory Policies Act of 1978, broadening the range of resource choices for utility companies and outlined new rate-making standards.
https://en.wikipedia.org/wiki/Public_Utility_Holding_Company_Act_of_1935
Today we don't see the Federal Government solving any of our "Real" Domestic Issues. I would say we have:
-Infrastructure problems, Highways, Dams, Bridges, and maybe Energy Grid, Hydroelectric power plants, Coal Plants that need scubbers, and nuclear power plants that leak
-Water Shortages
-Risk to Agriculture & Ranching, food shortage/distribution problems maybe, and commodity price shocks
-Oil & Gas Price Shocks
-Credit Shocks in the future
-Financial ratings problems for state, local, federal government, universities, pension funds, social security funds shortage, under funded pension funds
In 1935 it looks like certain things were recognized as important to the health & welfare of people & the "Nation".
I say reverse privatization. I say in-house solutions with cheap government employees INSTEAD of selecting the largest Corporations with the highest overhead for expensive contracts to solve our civilian & military problems.
I say you have skilled STEM workers who can install & Maintain government servers for $15-$20 dollars an hour.
I say the Federal Government can refine oil into gasoline, drill oil, transport oil, and help with energy shocks.
I say the federal government can hire people to increase water supplies at least to urban areas.
BUT if we stick to MEMES that hiring corporations for 3-4 times as much money is better than government, WE ARE TOAST.
But of course government has to use capitalist models with Industry experts that hire their own teams. Plenty of out of work experts of all ages. We got skills comin' out of our ass in America.
Government employees are"cheap?"
I thought that's what their unions were there to prevent...
The thing about oil is that supply/demand can only exert limited pressure on prices...too high and people cut back. With most other commodities, you can substitute something, or even do without it altogether if you must. But our economies RUN on oil and gas, so it must be bought.
But the price also has to reflect the cost of extraction, which is getting higher as we have to dig further and deeper for the stuff. Below a certain price, it isn't economically feasible to drill. So government can't exert too much downward pressure (by releasing reserves) and the price relief may not be enough to counter the consumer's ability to pay. If gas spikes to 6 dollars a gallon, would a 25 cent per gallon reduction make much of a difference?
Unlike the stock market/financial world, the 'figures' can't be adjusted. You either have a gallon of oil to burn, or you don't. BLS can't 'revise' your empty fuel tank to show that you DO have oil after all. And when you finally have to buy it, the price is what it is.
I do believe that government, if properly run, CAN definitely do many things more cheaply than private industries, which HAVE to turn profits for shareholders. Of course, that's not how it works today, but that is because we have awful government with many of its agencies being run more like private industry and gouging the citizens for profits, while at the same time hiding under the umbrella of government. Hybrid entities that end up combining the worst of both into one big subsidized, non-accountable monstrosity.
Business for profit is a wonderful thing. But there are some things that should not be left to the tender mercies of private industry, but run for the common good. Unfortunately we have adopted a profit-oriented view of everything, and now we are trapped in our mind-set.
That what we need more of: a win-win situation for everybody.
If one of them get captured it's going to lend entire new meaning to the phrase "head of special ops".
1.66 EURO a litre is what I paid at the pump today - in Portugal
o_O
Smells like 2008 all over again.
It won't be more than a few weeks before the public gets educated on what is crude, what is condensate, and why one isn't as valuable as the other.
They may have trouble finding buyers.
You ascribe to the populous far too much....
They won't and don't care...
But, but, but isn't it all supply and demand?
All oil speculators should have their balls ripped off.
And supply has gone nowhere for ~10 years....
NGLs ain;t oil...
http://peakoilbarrel.com/wp-content/uploads/2014/06/Slide221.jpg
"WSJ story reporting the Obama administration has quietly cleared the way for the first exports of unrefined American oil in four decades"
Gee, doesn't that destroy the energy independence meme? How much more oil are we going to have to import, now?
They may walk this story back.
Or they may follow it with an SPR release threat.
[Editing a few hours later:
headlines.ransquawk.com/headlines/us-commerce-department-says-no-change-in-policy-on-oil-exports-25-06-2014
] they walked it back
According to an article published at Jim Sinclair's site, ISIS has captured Iraq's largest oil refinery at Baiji.
ISIS Oil. We're going to need an advertising campaign for these guys now.
I thinking 4 vaguely looking EYE-Racky guys coming out to wipe your windows caring heavy weapons...
"According to an article published at Jim Sinclair's site, ISIS has captured Iraq's largest oil refinery at Baiji."
I don't know about the rest of you, but every time I see "ISIS" in the news I hear the whiny voice of Sterling Archer in my head, usually saying "what the shit, Lana?"
Am I the only one?
Never heard of him before this. He's got a great bio, tho, on wiki.
So Iraq has invited special US troops back into their country to advise them on how to resist ISIS, an ISIS that is financed, supported, advised by the US/SA/Israel? These troops will simply be double agents. They will feed the information back to the CIA who will use it to advise ISIS where to best attack and the CIA will use it to monitor ISIS to insure they stay with the program. If ISIS goes rogue too much then this information will be used to deal out punishment. ISIS will only be attacked by the US in ways to keep it on target or to weed out groups not with the program.
For this stupidity Iraq's leaders deserve what they have now set in motion. Including some of their own deaths.
1984 Man, It is here. Endless War.
Thought the same thing today, myself. Forever War.
i Love the Smell of special forces Troops Guarding Oil in the Morning... it smells like... Victory.
Cattender
Yup. And, to add to the fucking hilarity, here is a whole bunch of pictures of US Marines guarding opium poppies in Afghanistan:
http://www.washingtonsblog.com/2012/10/14066.html
WHAT A FUCKING JOKE YOU US MILITARY TYPES ARE.
A shabby, moronic, mouthbreathing joke.
Semper Fi, morons.
"Always Faithful" or "Always Loyal".
We could extend that to:
A) US Christians
B) US Republicans
C) US Democrats
D) US Gay Lobby
E) US Government Workers
F) US Oil Lobby
They all believe in US Oil & US War, right? Except for D maybe.
TeethVillage
Well, sure, but there is something special that happens when Big Brother gives a deployment order to a young soldier: the soldier says "Ok." You see that's the real problem. You're right, plenty of morons "support" all the fake bullshit wars, but the soldier who actually obeys these orders is a special kind of dupe.
All that needs to happen is for the military to simply say "no." That's it.
No more illegal deployments. Stop obeying illegal orders.
Seize Mars;
About the too loyal marines & soldiers. I agree with you.
Seems like we have a kind of Binary Culture in the USA. Pea Brains like to reduce everything to right or wrong and use this to enforce rules & Patriarchy, followership.
It is some kind of cognitive distortion. Soldiers should know it is illegal to kill reporters, bystanders & to guard poppy plants.
Yeah both military & US Minions follow orders and they lose all creativity. Take congress they act like minions. Congress had no controls on the 2008 Bailout, no controls on the Fed, no controls on the future of banking, no controls on Moral Hazard, no concern on Outsourcing, no concern on mass layoffs across the USA, no concern that illegals were displacing US Workers, no concern that pensions were being lost, and still no concern that Medicare funding is in crisis and that SS needs funding fix.
And the whole thing about WMD in Iraq. It is not enough to say congress doesn't have concern about the effects of war on foreign people, foreign economies, foreign businesses, homes, and kids.
Seems likely that congress plays dumb like bankers. Seems like Congress is bought & paid for. Many people seem to being doing anything for money & career - and it is bringing this country down.
H2 Financial Growth Located in Oil Inflation.
Ok, here we go.
First, "Obama" (or whatever his real name is) deploys troops. Isn't that a violation of the US Constitution? Oh I forgot, America's heroes don't give a fuck about their oaths.
Second, they mean he deployed troops in addition to ISIS, which is another CIA invention.
Third, "Obama" quietly cleared the way for...bleep blop bloop...using a process known as a private ruling...bleep blop bloop...So, see how that works? There are laws, but they don't really apply to some people. When they want them changed, well, they just change them! Nice!
again! https://www.youtube.com/watch?v=6lyEQD-DgyE
yes, constitution provides war powers to congress.
But people get power from being able to pass laws in congress. They also get a career out of cutting the constitution of the united states into pieces and degrading it.
So they passed the War Powers Resolution Act.
-Today there is no penalty for passing a law or issuing a judgement that degrades the US Constitution
-Today our most prestigious law schools will not condemn a single lawyer or Judge that has acted against the constitution
-In fact, presidential signing memos take constitutional powers away from congress
-Today the US Bar Association is a worthless piece of shit
Would REALLY like to know who owns those 2 oil companies
Seriously? You're unclear on who owns...oil?
http://en.wikipedia.org/wiki/Rockefeller_family
Here comes the summer of recovery 4.0 Biden Style
I called it last Friday..they gotta take the markets down this week to tame bonds/oil/metals...big red end of week
Rinse repeat and upwards on the S&P hopefully in their mind when they centrally price fix oil at about 100-101 and gold at 1250.
Gold was up today for the US Trading hours. Both Gold & Silver. Is this happening everyday for the last week?
As soon as the market closes in the US, the price of gold goes down? Like you said it seems to hover at 1250.
I saw something that London is also pushing the price of gold down. JPM can do that from either here or in London I guess.
So no boots on ground, Nikes?
I won't pretend to understand the cluster-fuck known as global oil markets, but I WILL make the observation that oil prices started spiking prior to the 2008 crisis. While not the cause of the crisis, those higher prices sure did contribute to how bad it got. And we are a much weaker economy now.
So, if this continues (and no reason to think it wouldn't given the situations in the Mideast and Ukraine) this could be deja vu all over again.
deja vu YES i am Feeling it.... what has changed? NOTHING Except we are NOT in a Recovery and MORE People are Jobless and Fucking BROKE!
Meaning civil unrest is likely if oil really takes off.
That's it! You said it in fewer words than I did. (A skill I should probably learn, but long-windedness is the cross I have to bear...)
Higher oil prices will bring every distortion and every bad thing in our economy to the forefront. It jacks prices of just about everything up and leaves people with less discretionary income. With less discretionary income, ponzi schemes that could have conceivably gone on for several more years hit a brick wall, because the effects of higher oil prices on the economy prevent the required growth to keep ponzis going. Expensive oil is a ponzi killer, and our entire economy is based on continuous growth, i.e. it is a ponzi scheme. Get ready to grab your ankles because it won't take $147/bbl this time around to make it BOHICA time.
Sounds Fair.
Looks like:
1) US Military Supports Oil Companies in Development of New Oil Fields Overseas
2) US Oil Profits go to Oil Executives, Investors, & Lobbying & Campaign Contributions to US Congressmen
3) Military Support to Private Companies Capitalist Ventures Overseas (Along with WB Funded Engineering Projects) probably benefits US Citizens, but is a Federal Subsidy & a cause for Fed Money Pumping
But was going to add if we were honest about the huge salaries, perks, compensation, and overhead
-Part of the Price of Gasoline/Diesel/Jet Fuel is for expensive industry management
-Part of the price goes to congressmen that act like princes or royalty
-Memes from Politicians & Defenders say this is the only way to do business
-Foreign Country Governments Subsidize gasoline for public use & even subsidize electric power (China, Ecuador)
-Foreign Price Fixing then exists in this global market
Probably rules of incorporation & Tax Rules could be interpreted differently to force corporations to cut back executive compensation, cut back lobbying, cut back overhead for private planes, auto fleets, housing fleets, and other perks. That would make visibility of the true profits clearer to voters, banks, investors, and government leaders.
But I don't know much about it either.
Boaters to Canada reported sales of gas in Liters of $4 dollars plus in the 1990s. I paid $150 in Florida Keys for a short boat ride in like 2010(which makes me think I got ripped off now).
Used to be Asia (2002) had higher gasoline prices than the USA. It seemed like a raw deal. But if you have a monopoly in Latin America or Asia, you just charge high prices and keep out competition.
-Maybe that is what we have in the USA. A Cartel.
The price of oil is just rising to the marginal cost of the most expensive barrel.
It's good for spiking oil prices in the US because that means there is less here.
"... to export ultra-light oil known as condensate to foreign buyers who could turn it into gasoline, jet fuel and diesel."
Hmm. And we use the proceeds to import more oil to turn it into gasoline, Jet fuel and diesel. What is the cost/benefit ratio on that?
You stupid Americans.
Oh it's worse than that.
There is no diesel or kerosene (jet fuel) in condensate. Gasoline, yes. Middle distillates (Diesel) no.
Oddly, of the consumption rise of the past several years, 60% has been diesel.
Which is why I say they may have trouble finding buyers.
There is big demand for propane and depending on the price ethane....
It's funny how people balk at paying $4.00 for a gallon gas, but they won't bat an eye when they pay $5.00 for a Monster 'energy' drink (which by the way produces no energy) or $2.00 for 20oz of bottled tap water.
Extrapolate, Doc.
Look at this thread. There are people out there who care about central banks or the IMF or gold or geopolitical this or that.
There are very few things as clear in the world as that nothing matters but oil.
It's all about the basis spread.
What to call the military deployed to Iraq? Troops? Adivsors?
Answer: targets.
Dark humor for sure, but these people are so outnumbered by the ISIS Sunni and local shi'ites BOTH hate Americans. I fear they are dead men walking-and 0bamao doesn't give a shit!
"U.S. weighing options on 1970's Export Ban" 5/13/13 (40 yrs. ago the US stopped exporting ~1975) 'Export Law'?
http://www.spacedaily.com/reports/US_weighing_options_on_1970s_oil_export_ban_999.html
'U.S. appears to have built its last refinery' (Note date 6/12/01*) http://www.gasandoil.com/news/n_america/de6ec5aa6f7a9b91b732db6447d4c0265 TWIMC/ great site to navigate ... sorry about actual link, but lots of data if willing
http://www.eia.gov/tools/faqs/faq.cfm?id=29&t=6
"Context of 'Before January 20,2001: Cheney Gives Board Eccess to Oil, Energy Executives" http://www.historycommons.org/context.jsp?item=abefore012001cheneyaei
Cheney goes to SCOTUS and seals private energy-policy meeting?
SoT Paul O'Neill resigns from Bush #43 ,... or better said 'Fired!' in Dec/2002! O'neill was frustrated at the very beginning after the 9-11 attack when the Bush Adm. was already discussing invading Iraq, as if it was known/ predestined planned before the WTC attack!
jmo
again... note the dates and how they use an excuse of not enough refineries! so, will we export rather than help our own people? lower energy cost would be a start, but they'd probly tax it! what about we concentrate on a just and better 'National Securty Energy Plan? Somehow with all the doublespeak coming out of the 'land-of-oz', it doesn't help our National Security but only our colonial interest? I'm in favor of homeland-security right here in the good-ole-USSA-- our own ligit 'Energy Program, and no one else!?!
again jmo
Too bad US refining capacity set an all time high a couple of years ago....
The US produces ~7 mmbpd and has ~18 million barrels of refining capacity...
your correct! thankyou
my analysis didn't go deep enough, to bring home my point-of-view.
we, as american's import more oil than we need? the very fact is,... we have more refinery (even though the last major 'COMPLEX' refinery was built decades ago) capacity-- therefore we export moar gasoline than any other country in N.A..
US Oil Exports / Imp/Exp ? (*Dated Material below "WTC/ 9-11) http://www.gasandoil.com/events (Current/ Great Reference site-- jmo) http://www.eia.gov/dnav/pet/pet_pnp_cap1_dcu_nus_a.htm
http://www.gasandoil.com/news/2001/11/ntn14784
again, Thanks... Flakmeister
Has this map been covered by ZH? I think it should get some attention.
http://www.globalresearch.ca/plans-for-redrawing-the-middle-east-the-pro...
And some russian commentary
http://russiancouncil.ru/en/inner/?id_4=449#top
Political donations:
Pioneer Natural Resources to Lisa Murkowski (R) in 2014
Pioneer Natural Resources to Mark Begich (D) in 2014
Pioneer Natural Resources to Mary L. Landrieu (D) in 2014
Enterprise Products Partners to Bill Flores (R) in 2014
Enterprise Products Partners to John Carter (R) in 2014
Enterprise Products Partners to Kevin Brady (R) in 2014
Enterprise Products Partners to Pete Olson (R) in 2014
Enterprise Products Partners to Randy Weber (R) in 2014
Enterprise Products Partners to Ted Poe (R) in 2014
Enterprise Products Partners to Tim Griffin (R) in 2014
Enterprise Products Partners to Kenny Marchant (R) in 2012
Enterprise Products Partners to John Cornyn (R) in 2010
Enterprise Products Partners to Michael McCaul (R) in 2010
Enterprise Products Partners to Joe Barton (R) in 2008
Enterprise Products Partners to John Culberson (R) in 2008
Enterprise Products Partners to Kay Bailey Hutchison (R) in 2006
Enterprise Products Partners to Jim Ramstad (R) in 2004
Enterprise Products Partners to Tom DeLay (R) in 2002
Yes, small petro companies are like $20 Billion in Capital. But the big ones probably have offices located on K Street in Washington DC. But I've never heard. Defense Corps have offices in or near DC. That is kind of expensive.
You take someone like Halliburton, I would expect they have an office in the DC area.
Now they can sell off the SPR the same way they sold all the gold.
Oil went to $147 a barrel in 2008. Gas went to $4.25.
Gas is already $4.10 before this latest spike. The traders will drive gas contracts above $5.00 in short order.
We all lose. The Tribe wins.
Cleveland won tonight?
Blood flows where the money's stowed, try to get your hands on gold
How will the soccer moms fill the tank? Sell that a..s..s!
90% of the soccer moms I see couldn't even give it away.
then you're seeing the wrong ones ;)
Energy is the ultimate currency.
Whoever controls it controls everything.
Distributed solar, could cover most things that really matter.
If you want to drive a Hummer, do the world a favour and drive it off a cliff with the doors locked.
Distributed energy production would do more to change the world for the better than any crypto-currency.
Your whole life is framed by the money you use, it represents your ultimate limits. Without independent crypto currencies there's no exit from the slavery.
I wonder if the teen could write an app for who profited most off me wars?
So these are troop troops, as against embassy guard troops. or are there still not troops going to iraq? Im confused.
Ummm... bullish.
(cuz I dream of a world free of Chevy Suburbans)
How MI6 Controls ISIS
For months it was in the news that 400 Britons had joined the jihadis in Syria. Foreign Secretary William Hague himself said so. However, the number of these British jihadis is much larger and it has been revealed that some of them were trained to be Sunni jihadists by a jihad-seeking Saudi mullah in a British mosque under the watchful eyes of the MI6.
How MI6 Controls ISIS
Wait a minute! Something is wrong here....I thought the USA has been exporting oil forever!?! There is something not clear, all the facts are not being told. For instance take a look at this yahoo article....it talks about record USA oil exports! WTF!!!
http://finance.yahoo.com/blogs/daily-ticker/energy-problem-u-oil-exports...
And here is a better article...Which is why Im against Keystone. The feds will export our oil to no price benifit for US consumers....
http://fuelfix.com/blog/2014/06/16/us-oil-exports-soar-to-new-milestone/