Venezuela

Tamar, The Natural Gas Production Platform Off The Israeli Coast, Is To Begin It's Natural Gas Production

The companies developing the Leviathan field off the coast of Israel have reportedly signed an initial agreement with a Jordanian power company for a multi-billion dollar, long-term natural gas supply deal. “Under the terms of the latest agreement, the gas is to be sold at oil-linked prices and will be delivered to a border location… Keep reading →

Chicago Hit With Protests Leading Up To NATO Summit

A recent report by consultancy IHS Cera takes aim at common arguments against development of Canadian oil sands, but acknowledges the need for continued – and improved – environmental monitoring and regulation. Groups opposed to construction of the Keystone XL pipeline frequently feature the following claims on their websites: that the pipeline will not enhance… Keep reading →

U.S. Consumer Confidence Rises For Second Straight Month

Luxury electric car manufacturer and Wall Street darling Tesla announced 3rd quarter earnings yesterday that contained mixed results. The company reported a record 5,500 Model S deliveries, which beat its own expectations, but the financials were mixed. “The company’s earnings, excluding special charges, came in at $16 million, or 12 cents a share, just ahead… Keep reading →

Mt. Rushmore Closed Due To Government Shutdown

The Center for Biological Diversity is accusing the Obama Administration of violating a 19th-century law by allowing oil and gas companies to continue drilling on public lands that are now closed to other visitors during the government shutdown. “Previously permitted oil and gas development on public lands isn’t affected by the shutdown.” [Fuel Fix] An… Keep reading →

Activists Against The Keystone Pipeline Project Demonstrate At The State Department

The ongoing controversy over the proposed Keystone XL Pipeline linking Alberta’s oil sands to US markets covers a vast amount of factual territory, from refinery configuration to logistics to international crude oil trading to carbon dioxide emissions. But at times, all of these issues take a back seat to the emotional, or symbolic, component of… Keep reading →

State Funeral Held For Hugo Chavez In Caracas

Bad day for Venezuela, and for former president Hugo Chavez’s legacy: A massive power outage cut off electricity for almost 70% of the country’s population yesterday. “A lack of investment and training in the electric grid has contributed to more than 500 blackouts registered in Venezuela as of June this year.” [Christian Science Monitor] And… Keep reading →

50,000 Descend Upon Rio De Janeiro For Rio+20 Earth Summit

The trouble with economic booms is that “crazy” is largely a matter of timing. For anyone who was paying attention in the 1980s, the idea that Brazil, with its runaway inflation problems, would emerge as a powerhouse driver of global economic growth while developed economies struggled in the mid to late 2000s would have seemed… Keep reading →

President Obama Speaks At Southern Site Of The Keystone Oil Pipeline

A new study from consultancy IHS Cera has concluded that construction of the Keystone XL pipeline would not have a material impact on US greenhouse gas emissions, in part because the replacement for volumes from Canadian oil sands would most likely have the same carbon footprint. Breaking Energy has reported on comments in the past… Keep reading →

President Obama Speaks At Southern Site Of The Keystone Oil Pipeline

Importing Canadian heavy oil via the Keystone XL pipeline may represent a more environmentally friendly option than crude from other sources, according to panelists at the New York Energy Week Oil and Gas Market Perspectives breakfast on Tuesday, hosted by CME Group. Environmentalists frequently cite the environmental footprint of Canada’s “tar sands” as a primary… Keep reading →

View of icebergs taken in the Norvegian

By Javier E David In a country where oil wealth has typically been controlled up by oil companies, the concept of the U.S. harnessing its energy boom to shore up its frayed public finances may be hard to conceive. Although state control of natural resources tends to evoke images of authoritarian countries like Venezuela or… Keep reading →

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