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News & Views

February 12, 2014 -- upstreamonline.com
Documentary blasts fracking mythmakers
Both environmentalists and journalists are to blame for spreading false fears about hydraulic fracturing, the maker of a new documentary about the controversial completion process has said.
continued...

February 11, 2014 -- upstreamonline.com
US clears sixth LNG project
Regulators at the US Department of Energy have approved Sempra Energy's plan to export liquefied natural gas to non-free trade agreement countries, the sixth such project cleared by the US.
The facility in coastal Louisiana would have capacity of 12 million tonnes per annum comprised of three 4 million tpa trains. Shares of Sempra were up nearly 1% in New York.
continued...

February 7, 2014 -- upstreamonline.com
Chesapeake says cold hurting output
US gas giant Chesapeake Energy said on Thursday that unusually cold weather across much of the country was hurting its output.
The comments from chief executive Doug Lawler came as spot prices for natural gas spiked to the highest levels since 2008, Reuters reported. continued...

February 6, 2014 -- upstreamonline.com
Dems seek analysis on crude exports
The US public deserves to know how lifting the country's decades-old ban on crude oil exports would affect gasoline prices, two Democratic US Senators said on Thursday, calling for a "comprehensive analysis" of the issue.
Senator Ron Wyden, the chairman of the senate's energy committee, and senator Maria Cantwell, from Washington state, asked the Energy Information Administration for details about how allowing unlimited oil exports would impact domestic energy supplies and costs, Reuters reported. continued...

February 04, 2014 -- upstreamonline.com
Permits 'fuel debate' on US oil export ban
The US government has reportedly granted permits for crude exports to European countries for the first time in years as lobbying pressure grows to reverse a decades-long export ban amid a tight oil glut due to the shale boom.
The Department of Commerce has issued two licences for exports to the UK and another two to Italy since last year for crude sales worth a total of nearly $5 billion, with an application filed last month for German exports worth $2.6 billion still pending, Reuters reported, citing official data. continued...

February 04, 2014 -- upstreamonline.com
LNG Ltd signs EPC MOU
Australian player Liquefied Natural Gas Limited has offered an engineering, procurement and construction to SK Engineering and Construction (SK E&C) for work on its Magnolia LNG plant in Louisiana.
continued...

February 04, 2014 -- upstreamonline.com
Rosneft ramps up net profit
Russian oil giant Rosneft’s annual net profit has risen by 51% as production from newly integrated assets rocketed production up by 80%.
The Moscow-headquartered state oil company garnered 551 billion rubles ($15.62 billion) in 2013 on revenues of around 4.69 trillion rubles.
continued...

February 04, 2014 -- upstreamonline.com
Chief unveiled for Noble Corp spinoff
Noble Corporation has named former Hercules Offshore chief Randall Stilley to lead the spinoff of its standard-spec rig business, which has been named Paragon Offshore.
Stilley is a 38-year industry veteran, particularly of the Gulf of Mexico shelf rig business and led Hercules from 2004 to 2008.
continued...

February 03, 2014 -- upstreamonline.com
Halliburton teams up for Russia shale research
US-based oilfield services giant Halliburton is partnering up with the Gubkin Russian State University of Oil & Gas to help advance development of unconventional resources in Russia such as the mammoth Bazhenov shale. continued...

February 03, 2014 -- upstreamonline.com
AEU reveals Utica acreage buys
Aubrey McClendon’s American Energy Utica (AEU) has doubled its position in the Utica shale play with the purchase of acreage from ExxonMobil and others.
The company, through affiliate American Energy Partners, has snapped up approximately 130,000 combined net acres from the US supermajor, compatriot independent giant Hess and privately-owned Paloma Partners, it said on Monday. continued...

January 31, 2014 -- finance.yahoo.com
Keystone report raises pressure on Obama to approve pipeline

Pressure for President Barack Obama to approve the Keystone XL pipeline increased on Friday after a State Department report played down the impact it would have on climate change, irking environmentalists and delighting the project's proponents. continued...

January 31, 2014 -- usnews.com
3 Factors Shape Obama’s Decision on Keystone XL Pipeline

A new report outlining the potential environmental effects of the polarizing Keystone XL pipeline project leaves the door open to a decision either way by the Obama administration, despite positive spin from both advocates and detractors.
continued...

January 31, 2014 -- National Geographic
State Department Keystone Pipeline Report Finds Little Impact on Carbon Emissions

The State Department released its final environmental impact statement Friday.
A long-awaited analysis by the U.S. Department of State concluded Friday that there are no environmental impacts that should bar construction of the proposed Keystone XL crude oil pipeline from Alberta, Canada, to Texas.
continued...

January 30, 2014 -- upstreamonline.com
Toho to buy gas from Cameron LNG

Toho Gas has entered into an agreement with fellow Japanese company Mitsui to purchase liquefied natural gas from the Cameron LNG project in the US.
Toho revealed that it had reached a deal to buy 300,000 tonnes of LNG per annum over a 20-year period once the project starts.
...Sempra Energy is building the 12 million tpa LNG terminal on the Louisiana coast which will consist of three 4 million tpa trains.
continued...

January 27, 2014 -- upstreamonline.com
Opec's UAE 'could import US gas'

The United Arab Emirates, a Gulf Opec oil producer, said it was looking at the possibility of importing natural gas from North America, in what would be one of the most striking developments since the start of the US shale boom, according to a report.
continued...

January 24, 2014 -- upstreamonline.com
Pemex, Lukoil in co-operation deal

Mexico state oil company Pemex has signed onto a co-operation agreement with Russian player Lukoil for exploration and production as the Central American country works to woo investors following landmark energy reforms last year. continued...

January 23, 2014 -- upstreamonline.com
Shell faces Alaska 'drilling hurdle'

A three-judge panel of the Ninth US Circuit Court of Appeals decided on Wednesday that the US Interior Department wrongly awarded the oil leases off Alaska without considering the full range of environmental risks from drilling in the Arctic, Reuters reported.
continued...

January 23, 2014 -- upstreamonline.com
Gazprom posts rise in profits

Russian state-controlled gas giant Gazprom saw profits rise over the first nine months of 2013 as increased sales helped lift revenue. Profit for the nine months to 30 September totalled 876.3 billion rubles ($25.7 billion), compared to the 846.6 billion ruble profit booked during the same period a year earlier.
continued...

January 22, 2014 -- upstreamonline.com
Natural Gas up 5%

US natural gas futures rose 5% to their highest level since July 2011 on Wednesday as frigid temperatures continued to bolster heating demand in key consuming regions. continued...

January 22, 2014 -- upstreamonline.com
Crude gains on Keystone opening

TransCanada said it has begun to ship crude oil on its 700,000 barrel per day pipeline, which flows from Cushing, Oklahoma, the pricing point for the New York Mercantile Exchange's West Texas Intermediate contract, to Gulf Coast refiners. The company expects to transport an average 525,000 bpd in the first year of service. continued...

Rejoice. There is no inflation! No need to raise wages! No need to stop printing money!
January 16, 2014 -- MarketWatch
NSW Exports 30% More Coal To China

Since the financial crisis erupted just over five years ago, consumer prices in the United States have risen at a 1.2% annual rate, the slowest inflation rate since the early 1960s, according to Bureau of Labor Statistics data released today.
Inflation certainly isn’t raging out of control, as many predicted it would when the Federal Reserve and the Obama administration took decisive action to stem the crisis. But inflation isn’t totally quiescent, either. continued...

January 16, 2014 -- mining.com
NSW Exports 30% More Coal To China

New export data shows China’s demand for NSW coal has increased significantly over the last financial year, cementing its place as the second largest market for the state’s coal exports and defying predictions from some commentators that demand for NSW coal would wane in the world’s most populous nation. continued...

January 16, 2014 -- mining.com
Rio Tinto's record output another sign of shifting luck for miners

Rio Tinto (ASX, LON:RIO) has given investors fresh reasons to smile as the world’s second-largest miner beat its 2013 cost-cutting targets and reported Thursday record high output of iron ore, coal and other minerals. continued...

January 7, 2014
December Employment:
Nonfarm payroll jobs up 74,000
Civilian labor force up 455,000
Employed down 347,000
Unemployment down .3 = 6.7
Employment-Population Ratio unc. at 58.6%
Americans are giving up looking for work..

December 31, 2013 -- upstreamonline
Incandescent Light Bulb Ban Ushered in With New Year

Incandescent light bulbs, which have been in use in the United States for more than a century, are on their way out in the new year. The federal government has prohibited their manufacture and import starting Wednesday.
The latest ban covers 40-watt and 60-watt bulbs. The 100-watt and 75-watt varieties had already been phased out. The bans were signed into law by President George W. Bush in 2007 as part of the Energy Independence and Security Act. continued...

December 30, 2013 -- upstreamonline
Oil train bursts into flames after collision

A train carrying crude oil in North Dakota collided with another train on Monday, setting off a series of explosions that left at least 10 cars ablaze, the latest in a string of incidents that have raised alarms over growing oil-by-rail traffic, according to reports by Reuters.
Local residents heard five powerful explosions just a mile outside of the small town of Casselton after a westbound train carrying soybeans derailed, and an eastbound 104-car train hauling crude oil ran into, local officials were reported as saying. continued...

December 30, 2013 -- upstreamonline
Shell closes on Parque das Conchas stake

Shell has closed on a $1 billion purchase from Petrobras of an additional 23% stake in the Parque das Conchas field in Brazil's Campos basin. continued...

December 30, 2013 -- upstreamonline
Beloyarsk 4 criticality soon

Commissioning is about to start at Russia's forthcoming fast reactor, Beloyarsk 4. After a lengthy construction period, engineers are preparing for criticality in April 2014.
The unit will be a 789 MWe fast-neutron reactor of the BN-800 design, fuelled by a mix of uranium and plutonium oxides arranged to produce new fuel material as it burns. The electricity will go to the central Sverdlovsk region of Russia, where regional governor Yevgeny Kuyzashev said it would support industrial investment. continued...

December 26, 2013 -- upstreamonline
Russian outfit signs exploration deal with Syria

Russian oil company Soyuzneftegaz has reportedly signed an exploration agreement with the Syrian government covering offshore areas in the Mediterranean Sea. continued...

December 26, 2013 -- upstreamonline
Shell extends option for Penn. ethane cracker

Anglo-Dutch supermajor Shell has extended its option to buy land in the US state of Pennsylvania that is the proposed site for an ethane cracker that would use production from the Marcellus shale as feedstock. continued...

December 24, 2013 -- upstreamonline
Green light for HRT's Polvo buy from BP

Chief executive Milton Franke said the Campos basin acquisition put the exploration-focused Brazilian independent on to the oil production stage. continued...

December 23, 2013 -- upstreamonline
Gazprom ‘wants third train for Sakhalin-2’

The giant Sakhalin-2 liquefied natural gas project off eastern Russian looks set to go from two to three trains after local gas monopoly Gazprom approved an expansion, according to a report.
Gazprom boss Alexei Miller met with Peter Voser, chief executive of the other major partner in the project, Shell, in Moscow and discussed the deal, Reuters reported. continued...

December 23, 2013 -- upstreamonline
Rosneft takes Sibneftegas

Rosneft has gotten its hands on Sibneftegas after agreeing an asset swap deal with Novatek. continued...

December 11, 2013 -- upstreamonline
Mexico gives reform general approval

Mexico’s Senate has given general approval for a draft energy reform bill that would allow international players to invest in what is seen as one of the hottest Latin American oil markets. continued...

December 10, 2013 -- upstreamonline
CB&I JV bowls strike with Freeport LNG win

A joint venture between CB&I and Zachry Industrial has been awarded two contracts totalling $5 billion to provide engineering, procurement and construction work on the Freeport gas-liquefaction project in south Texas. continued...

December 10, 2013 -- upstreamonline
CB&I JV bowls strike with Freeport LNG win

Australian mining giant BHP Billiton said on Tuesday that it plans to invest around $4 billion annually in its US shale operations for the next four years and expects the business to start generating nearly $3 billion per year in cash proceeds by the end of the decade.
BHP, the biggest investor in US onshore oil and gas, will spend about $5.5 billion on oil and gas a year in a bid to boost its petroleum business, according to reports. continued...

December 10, 2013 -- upstreamonline
Consol Energy, Noble Energy acquire Marcellus patch

US independents Consol Energy and Noble Energy have agreed to acquire the gas exploration rights on 90,000 acres in West Virginia held by Dominion Resources in a deal worth around $190 million. continued...

December 10, 2013 -- upstreamonline
Canada files ownership claim over North Pole

Canada has filed a preliminary submission to the United Nations laying claim to the North Pole ahead of lodging a full ownership claim over the resource-rich remote territory, reports have said.
Speaking to reporters in Ottawa, Foreign Minister John Baird said that "obtaining international recognition for the outer limits of our continental shelf ... will be vital to the future development of Canada's offshore resources". continued...

December 6, 2013 -- James M. Taylor, J.D.
Polar Ice Caps Are Global Warming Deniers

Northern Hemisphere polar ice extent to set the final stages of a year marked by above-average global polar ice extent. Polar ice caps, apparently, are global warming deniers, attacking the science of alarmist global warming predictions.
Average Southern Hemisphere polar sea ice extent during November 2013 was nearly 1 million square kilometers above the long-term average. continued...

November Employment:
Nonfarm payroll jobs up 203,000
Civilian labor force up 455,000
Employed up 818,000
Unemployment gown .3 = 7.0
Employment-Population Ratio up .3 to 58.6%
Employed
Employment hit a high point 146,595,000 in November of 2007. It declined to 142,187,000 in January 2009 and hit a low point of 138,401,000 nine months later in November. In November it was 144,386,000
Unemployment
Unemployment was 4.2% at the end of the .com bubble in January of 2001 when President Bush took office. It rose to 7.7% by January 2009. It reached a high of 10.1 in October of 2009. In November it was 7.0
Employment & Population Ratio
Roughly 63% of the population was employed until June of 2007 and the ratio of employed has steadily declined since then. In November it was 58.6
We give you the numbers -- You do the math.
continued...

November 27, 2013 -- world-nuclear-news
More reserves found at Lost Creek

Ur-Energy has announced a new and increased NI43-101 compliant reserve estimate for it Lost Creek property in Wyoming. continued...

November 27, 2013 -- world-nuclear-news
White Mesa mill to go on standby

US uranium producer Energy Fuels has announced that it will discontinue current U3O8 production at the White Mesa uranium mill from August 2014 until the latter half of 2015. White Mesa is the only conventional uranium mill currently operating in the USA. It will also place the Pinenut mine on standby in mid-July 2014. Mining at the company's Arizona 1 mine is due to cease early in 2014 as known resources are depleted. continued...

November 21, 2013 -- theguardian.com
Lower house votes to dump carbon tax after 18 months

'This is about honour and dignity and the sovereign will of the Australian people,' says environment minister Greg Hunt continued...

November 12, 2013 -- upstreamonline.com
Gazprom Neft beat analyst forecasts

Russia's Gazprom Neft beat analyst forecasts with a 3% year-on-year increase in third-quarter net profit.
The oil-producing arm of state gas export monopoly Gazprom reported a net result of 57.5 billion roubles ($1.75 billion), compared with 55.95 billion roubles a year earlier, while a Reuters poll of analysts had expected the company to earn 52.3 billion roubles in the latest quarter. continued...

November 12, 2013 -- cfact.org
CFACT President Rothbard addresses Warsaw rally on UN global warming treaty

David Rothbard, president of the Committee For A Constructive Tomorrow (CFACT), told the crowd U.N. global warming programs are attempting “a complete economic transformation of the world.”
“This is not good news for those who love freedom, and it is not good news for Poland,” said Rothbard.
“We stand for freedom. We stand for opportunity. We stand for our families. And we stand for a strong and prosperous future. Together let us be bold as a lion,” said Rothbard to the thousands of flag-waving Poles celebrating their hard-fought independence and national rebirth at the culmination of World War I. continued...

November 11, 2013 -- upstreamonline.com
Baker Hughes said it has declared force majeure

Houston-based oilfield services giant Baker Hughes said it has declared force majeure after suspending its operations in Iraq following a "protest incident" by local residents at a facility near Basra.
The company offered few details on the incident, which occurred on Saturday. An investigation is ongoing. continued...

November 11, 2013 -- upstreamonline.com
North Atlantic in NYSE move

Seadrill offshoot North Atlantic Drilling Ltd has taken its first step towards a listing on the New York Stock Exchange (NYSE) by filing a formal application for an initial public offering with US authorities.
Trading in the company’s shares on the NYSE is set to take place on completion of a review of the application by the US Securities & Exchange Commission. continued...

November 11, 2013 -- upstreamonline.com
Transocean strikes deal with Icahn

Top rig contractor Transocean has come to an agreement with activist shareholder Carl Icahn over his demands to improve efficiency and returns at the company.
Among the terms: Transocean will pay a $3 dividend and downsize its board to 11 members from 14. It also plans to support the re-election of one Icahn-backed director, Samuel Merksamer, and reccommend the addition of another, Vincent Intrieri.
The rig company additionally plans the launch of a master limited partnership in mid-2014. continued...

November 11, 2013 -- upstreamonline.com
50,000+ Poles Cheer CFACT Speech Against UN Global-Warming Treaty

David Rothbard and I co-founded CFACT over 25 years ago. When David took the stage, he was speaking before perhaps the largest audience ever to hear a speech directly challenging the UN global warming policy. Rothbard said he was honored to stand with the Poles in a “new battle for freedom against those who would use environmental and climate alarmism to steal away our liberties and give international bureaucrats control over our energy sources, our daily lives, our prosperity, and our national sovereignty.” continued...

November 7, 2013 -- upstreamonline.com
Chesapeake hit with new Michigan subpeona

Chesapeake Energy, already under investigation for possible antitrust violations in Michigan, said in a regulatory filing on Wednesday the state's attorney general is also probing a possible violation of Michigan's criminal solicitation law, according to a report. continued...

November 7, 2013 -- judithcurry.com
John Howard: One Religion is Enough

The Honourable John Howard, former Prime Minister of Australia, gave the Annual GWPF Lecture in London on Nov 5. The title of his lecture was One Religion is Enough, and full text is available from the GWPF. Excerpts:
I chose the lecture’s title largely in reaction to the sanctimonious tone employed by so many of those who advocate quite substantial, and costly, responses to what they see as irrefutable evidence that the world’s climate faces catastrophe, against people who do not share their view. To them the cause has become a substitute religion. continued...

November 7, 2013 -- upstreamonline.com
Continental profit soars

US independent Continental Resources saw profit almost quadruple during the third quarter driven by a significant production boost. continued...

November 6, 2013 -- upstreamonline.com
Transocean swings to profit

Top rig contractor Transocean swung to a profit in the third quarter as the company saw improvements in utilisation and dayrates and tightened up key efficiency metrics.
The Zug, Switzerland-based company reported net income of $546 million in the three months to September compared to a loss of $381 million in the year-ago quarter. continued...

October 28, 2013 -- cfact.org
A climate treaty without a vote? Russia protests UN’s shocking “consensus” procedure

On October 28th, Russia sent a strongly worded letter to the UNFCCC secretariat decrying the UN’s use of UNFCCC Russia letterhead“consensus” rather than permitting nations to vote on matters as important as conference outcomes. “Decision-making in the UNFCCC process has suffered evident setbacks over the past few years with serious procedural and legal flaws being multiplied, transparency eroding, frequency of dubious proceedings acquiring alarming magnitude and conduct of business deviating” from UNFCCC rules, Russia said. continued...

October 18, 2013 --
2013 – a year with minimal extreme weather events in the US

There have been many forecasts in the news in recent years predicting more and more extreme weather-related events in the US, but for 2013 that prediction has been way off the mark. Whether you’re talking about tornadoes, wildfires, extreme heat or hurricanes, the good news is that weather-related disasters in the US are all way down this year compared to recent years and, in some cases, down to historically low levels. continued...

October 17, 2013 -- world-nuclear-news
China cleared to buy into UK nuclear plants

Chinese companies will be allowed to take a stake in the UK's next generation of nuclear power plants following the signing of a new memorandum of understanding (MoU) on nuclear cooperation by the two countries. continued...

October 16, 2013 -- powermag
Supreme Court to Weigh Power Plant GHG Regulation Question

The U.S. Supreme Court has agreed to hear a narrow challenge to the Environmental Protection Agency’s (EPA’s) authority to regulate greenhouse gas (GHG) emissions from stationary sources, including power plants. continued...

October 16, 2013 -- upstreamonline
http://www.upstreamonline.com/live/article1340515.ece

The US has passed up Russia and Saudi Arabia to become the world's top producer of oil and other liquid energy sources thanks to a booming shale sector and diverse output, according to a new study.
The New York-based PIRA Energy Group says the US is now producing about 12.1 million barrels per day of liquids, a figure that includes biofuels. The total is 300,000 bpd more than Saudi Arabia and 1.6 million more than Russia in comparable output. continued...

October 15, 2013 -- upstreamonline
North Dakota closing in on 1m bpd output

North Dakota is likely on the verge of hitting a new oil-production milestone as the latest data suggest the US state, home to the giant Bakken shale, could pump 1 million barrels per day by year's end. continued...

October 15, 2013 -- upstreamonline
Transocean orders deep-water newbuild

Transocean has ordered a seventh ultra-deepwater drillship that has been signed to a five-year contract with Chevron.
The work booked with the US supermajor is expected to bring in $1.1 billion in revenue while the rig is estimated to cost $725 million to build, the Switzerland-based drilling contractor said Tuesday.
Upstream confirmed on Wednesday that the unit will be built at Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea, where Transocean already has six ultra-deepwater drillships under construction. continued...

October 12, 2013 -- energynation.org
Climate Change Reconsidered

We know how important our work is. We work hard to deliver the reliable, affordable energy that keeps our nation running. As an industry, we have the power and responsibility to come together to advocate on issues that could impact America's energy future. Take action today and support our industry. continued...

October 9, 2013 -- heritage.org
Obama’s Bluff on Default

“We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.” continued...

October 2, 2013 -- upstreamonline
US 'could surpass Russia' in world production

The US could surpass Russia as the world's largest combined producer of oil and gas this year, and may have done so already, a report in the Wall Street Journal has claimed.
As oil and gas production continues to skyrocket in the US on the back of unconventional forms of extraction, perennial world production leader Russia has struggled to maintain its output. continued...

October 2, 2013 -- upstreamonline
McClendon signs Utica deal with Red Hill

Ohio-based Red Hill Development confirmed that the privately held explorer had signed a deal with shale pioneer Aubrey McClendon's new company American Energy Partners (AEP) to jointly explore the Utica shale. continued...

October 2, 2013 -- climatechangereconsidered
Climate Change Reconsidered

Whereas the reports of the United Nations’ Intergovernmental Panel on Climate Change (IPCC) warn of a dangerous human effect on climate, NIPCC concludes the human effect is likely to be small relative to natural variability, and whatever small warming is likely to occur will produce benefits as well as costs. continued...

September 27, 2013 -- world-nuclear-news
Construction begins on Tianwan 4

The pouring of first concrete today for another Russian-supplied reactor at the Tianwan site in China's Jiangsu province brings the total number of power reactors currently under construction in the country to 30. continued...

September 12, 2013 -- thenewamerican.com
Australia Reining in Climate Schemes After Voters Reject Carbon Tax

In the wake of a crushing defeat last week for the climate alarmism-promoting Australian Labor Party, which imposed the deeply unpopular and expensive “carbon tax” credited by analysts for the conservative coalition’s victory, authorities in Australia are preparing to dismantle and consolidate the myriad global-warming schemes spawned under the previous government. continued...

September 12, 2013 -- freeenterprise.com
Energy Department Approves Maryland LNG Export Terminal

The Energy Department approved Dominion Resources’ application to export liquefied natural gas (LNG) from its Cove Point terminal in Maryland, MarketWatch reports:
Cove Point is the third facility this year and the fourth overall approved to export LNG to countries without a free trade agreement with the U.S. — which is to say all the big LNG importers out there, particularly in Europe and Asia.
Dominion got the go-ahead to export 770 million cubic feet of natural gas a day for 20 years. The terminal is subject to an environmental review and a final regulatory approval. continued...

September 10, 2013 -- 21stcenturywire.com
Cold Case: Climate agenda ‘frozen’ for decades to come

According to climate alarmist’s like Al Gore, much of the earth should have already been submerged under water due to melting ice caps, as it turns out, the only thing ‘submerged’ is the global warming lie…
It appears the climate agenda will be frozen for decades to come, according to the UN’s Intergovernmental Panel on Climate Change. The leaked documents described how the earth should be cooling until the middle of the century. continued...

August Employment:
Nonfarm payroll jobs down 169,000
Civilian labor force down 312,000
Employed up 227,000
Unemployment down .1 = 7.3
Employment-Population Ratio down .1 to 58.6%
We give you the numbers -- You do the math.

September 4, 2013 -- manufacturing.net
Study: U.S. Oil And Gas Revolution To Increase Income, Boost Trade

More than 3.3 million jobs will be supported in 2020 as the unconventional oil and gas revolution boosts industry competitiveness and manufacturing growth
The economic and employment contributions from U.S. unconventional oil and gas production are now being felt throughout the U.S. economy, increasing household incomes, boosting trade and contributing to a new increase in U.S. competitiveness in the world economy, a new study by IHS finds. continued...

September 3, 2013 -- upstreamonline.com
Rosneft 'cleared for Taas-Yuriakh buyout bid'

Rosneft has reportedly been cleared by competition authorities in Russia to bid for the remaining 65% of mid-size oil producer Taas-Yuriakh.
Russia's anti-monopoly watchdog FAS said it had approved Rosneft's proposed purchase of the outstanding stake in Taas-Yuriakh, Reuters reported.
The Moscow-headquartered giant declined to comment to the wire service about Tuesday's clearance. continued...

September 3, 2013 -- upstreamonline.com
Ocean Rig inks drillship order

Ocean Rig has signed up for another ultra-deepwater drillship at South Korea's Samsung Heavy Industries in a deal worth $600 million.
The rig giant, controlled by Greek shipping magnate George Economou, has also left a single option at the shipyard following Tuesday's announced order. continued...

August 29, 2013 -- washingtonpost.com
U.S. spy network’s successes, failures and objectives detailed in ‘black budget’ summary

U.S. spy agencies have built an intelligence-gathering colossus since the attacks of Sept. 11, 2001, but remain unable to provide critical information to the president on a range of national security threats, according to the government’s top-secret budget.
The $52.6 billion “black budget” for fiscal 2013, obtained by The Washington Post from former ­intelligence contractor Edward Snowden, continued...

August 27, 2013 -- world-nuclear-news
Entergy opts to shut Vermont Yankee

The Vermont Yankee nuclear power plant will cease electricity production by the end of next year and will then be decommissioned, Entergy has announced. The company said that continued operation of the plant was "not financially viable." continued...

August 14, 2013 -- world-nuclear-news
US court rules on Yucca Mountain

The US Nuclear Regulatory Commission (NRC) acted illegally by abandoning the review of the licence application for the Yucca Mountain waste repository, the US Court of Appeals has ruled.
The ruling by the US Court of Appeals for the DC Circuit was made in response to a lawsuit brought by petitioners including the states of Washington and South Carolina, and other entities and individuals from those states including state public utility regulators. The petitioners were seeking a writ of mandamus: a court order effectively forcing the licence application work to be resumed. continued...

August 7, 2013 -- upstreamonline
Continental earnings up on record output

US independent Continental Resources has posted a 68% rise in earnings for the second quarter, backed by higher revenue and record oil and gas production.
The Oklahoma-based company recorded earnings before interest, taxes, depreciation and amortisations of $708 million compared to $422 million last year. continued...

August 7, 2013 -- upstreamonline
Railway in Quebec crash goes bankrupt

The railway whose runaway train killed 47 people in Lac-Megantic, Quebec, last month filed for bankruptcy protection in Canada and the US on Wednesday as it faces mounting pressure from authorities to pay for the disaster clean-up, according to a report.
Montreal, Maine & Atlantic (MMA) filed for bankruptcy in both countries to preserve the value of its assets for a potential sale, according to court documents filed with the US Bankruptcy Court in Maine, Reuters reported. continued...
Pipelines are safer than rail. Build the Keystone pipeline!


August 7, 2013 -- upstreamonline
DOE grants third LNG export permit

The US Department of Energy (DOE) said it had conditionally approved Lake Charles Exports' plan to send LNG to countries without a free trade agreement (FTA), the third such license granted amid booming US gas production.
Lake Charles is backed by UK gas giant BG Group and Energy Transfer Partners' Southern Union joint venture. The project, located in Lake Charles, Louisiana, now has DOE's blessing to export up to 2 billion cubic feet of natural gas per day for a period of 20 years. continued...

August 7, 2013 -- upstreamonline
Devon Energy boosts profits by 43%

US independent Devon Energy has boosted quarterly profits by 43% year-on-year to $683 million thanks to increased oil production.
Upstream revenues rose 37% year-on-year to total $2.2 billion in the second quarter thanks to higher output and higher prices.
The Oklahoma City-based independent’s oil output rose 14% compared to the same period last year to average 169,000 barrels per day. Pipeline giant TransCanada said on Tuesday that it has signed an agreement with Malaysian-owned Progress Energy to transport 2 billion cubic feet per day of natural gas to underpin the $1.5 billion extension of the NGTL pipeline system in British Columbia. continued...

August 6, 2013 -- upstreamonline
TransCanada moves ahead on $1.5bn pipe extension

Pipeline giant TransCanada said on Tuesday that it has signed an agreement with Malaysian-owned Progress Energy to transport 2 billion cubic feet per day of natural gas to underpin the $1.5 billion extension of the NGTL pipeline system in British Columbia. continued...

August 6, 2013 -- upstreamonline
Oxy to go ahead with Cline pipeline

US integrated Occidental Petroleum subsidiary Centurion Pipeline said it is going ahead with a plan to build a pipeline in the emerging Cline shale oil play of the Permian basin of West Texas. continued...

August 2, 2013 -- money.cnn.com
If Wall Street's right, Obama may nix Keystone

President Obama hasn't decided whether he will approve the expansion of the controversial Keystone oils sands pipeline just yet. But in a strange turn of events, some opponents of the plan are finding support for their position from an unlikely source: Wall Street. continued...

August 2, 2013 -- July Employment:
Nonfarm payroll jobs up 162,000
Civilian labor force up 37,000
Employed up 227,000
Unemployment down .2 = 7.4
Employment-Population Ratio no change 58.7%
EmployedEmployment hit a high point 146,595,000 in November of 2007. It declined to 142,187,000 in January 2009 and hit a low point of 138,401,000 nine months later in November. In July it was 144285
Unemployment Unemployment was 4.2% at the end of the .com bubble in January of 2001 when President Bush took office. It rose to 7.7% by January 2009. It reached a high of 10.1 in October of 2009. In July it was 7.4
Employment & Population RatioRoughly 63% of the population was employed until June of 2007 and the ratio of employed has steadily declined since then. In July it was 58.7
More: Check the facts not the spin.

July 30, 2013 -- upstreamonline.com
BP posts second quarter profit

UK supermajor BP posted a profit during the second quarter of the year despite a dip in revenue.
The company posted a profit of $2.1 billion for the second quarter of the year, recovering from a loss of nearly $1.5 billion during the same period last year. continued...

July 29, 2013 -- upstreamonline.com
Rosneft lifts profits by 18%

Russian giant Rosneft has posted first-half net profits of 137 billion rubles ($4.17 billion), up 18% on this time last year on the back of the acquisition of Anglo-Russian venture TNK-BP.
The multi-billion acquisition also saw overall output ramp up by more than 82% compared to the first six months of 2012 at 4.8 million barrels of oil equivalent per day. continued...

July 29, 2013 -- upstreamonline.com
Anadarko reports triple hit

Anadarko said on Monday it had hit "high quality" oil pay at its high-profile Raptor wildcat in the Gulf of Mexico, the site of one of the region's deepest exploration tests to date.
It also reported oil pay at its Yucatan prospect in the Gulf of Mexico and gas pay at its Espadarte probe in Mozambique in its second-quarter earnings release. continued...

July 29, 2013 -- upstreamonline.com
Shell confirms Yucatan North hit

Shell on Monday confirmed its Yucatan North appraisal well in the Gulf of Mexico found 120 feet of net oil pay.
The Anglo-Dutch supermajor's operated well in Walker Ridge block 95 aimed to test Lower Tertiary targets and was drilled to 31,280 feet in 5850 feet of water, the company confirmed after the initial news was revealed in an earnings release of 15% partner Anadarko. continued...

July 29, 2013 -- upstreamonline.com
Brent edges up on supply cuts

Brent futures were little changed above $107 a barrel on Monday as concerns surrounding demand growth were countered by a weak dollar and fears about supply disruptions.
Brent crude oil edged up on Monday as a weaker dollar and fears over supply disruptions outweighed concerns about the prospects for global oil demand growth. continued...

July 26, 2013 -- upstreamonline.com
Pemex in $3.87bn loss

Pemex has run up yet another large quarterly loss as the Mexican state-owned oil giant saw its revenues shrink further.
The Mexico City-based behemoth posted a net loss of 49 billion pesos ($3.87 billion) in the three months to the end of June, Reuters reported on Friday. continued...

July 22, 2013 -- upstreamonline.com
Halliburton profits down 8% in margin squeeze

A proposed set of federal rules governing hydraulic fracturing on public lands would cost oil and gas producers in the western US at least $345 million a year in extra costs in finalised, according to industry groups.
The Interior Department's Bureau of Land Management estimates the rules, which are awaiting a final seal of approval after many months in the works, would cost drillers an extra $12 million to $20 million per year. The proposed measures were scaled back from an earlier plan that would have cost explorers about twice as much. continued...

July 22, 2013 -- upstreamonline.com
Industry groups: Frac rules to add $345m in costs

US services giant Halliburton has seen its net income from continuing operations fall 8.38% year-on-year to $677 million in the second quarter. continued...

July 12, 2013 -- upstreamonline.com
DoE: Changing climate threatens E&P ops

Higher temperatures, rising sea levels and water shortages caused by a changing climate will have a major impact on oil and gas production in the US in the coming years, the Department of Energy warned in a report this week. continued...

This, of course, will assure China's dominance in energy manufacturing and jobs in the future.

July 12, 2013 -- upstreamonline.com
Chinese player snaps up Woodbine

Privately held explorer Woodbine Acquisition of Texas has sold most of its assets to public Chinese outfit Meidu Holdings for a total of $535 million, including debt. continued...

July 12, 2013 -- upstreamonline.com
GeoPark makes Chile find

Petrobras this week announced a change to its accounting method in an effort to limit the impact of a weaker Brazilian currency on its large dollar-denominated debts.
Starting in May, Petrobras has set aside about 20% of export proceeds in a special account for seven years, the company said in a securities filing on Wednesday according to Reuters.
Rather than be accounted for as revenue, the values in the account accrue to shareholders' equity.
This will allow Petrobras to protect about 70% of its net debt from exchange-rate variations, the company said according to the news wire. continued...

July 10, 2013 -- bloomberg.com
North Dakota Oil Transport Risk Revealed in Quebec Blast

On a typical day in North Dakota prairie towns like Williston, Dickinson and Beulah, trains with 100 tank cars line up to be loaded with oil destined for markets to the east, west, and south.
In total, about 675,000 barrels of crude leave daily on as many as 10 trains from North Dakota, now the second largest oil-producing state after Texas. That’s due to the drilling process known as hydraulic fracturing, or fracking, that has rendered accessible petroleum once too costly to procure. continued...

July 6, 2013 -- Delphi
June Employment:
Nonfarm payroll jobs up 390,000
Civilian labor force up 177,000
Employed up 160,000
Unemployment 7.6 - no change
Employment-Population Ratio up .1 to 58.7%
Check the numbers.

July 2, 2013 -- PR Newswire
Alcatel-Lucent and Telekom Austria Group
Alcatel-Lucent and Telekom Austria Group, have conducted the world's first trial of an innovation from Alcatel-Lucent's Bell Labs that can upgrade existing copper telecommunications networks into ultra-fast broadband access systems capable of delivering video, data and information at speeds of more than 1 gigabit per second (Gbps). ..continued

June 28, 2013 -- upstreamonline.com
GeoPark makes Chile find

GeoPark Holdings has declared a new oil and gas field after it made a hydrocarbons discovery at its first well on a play in Chile.
The UK-listed player struck both oil and gas at its Chercan-1 well on the Flamenco Block in Tierra del Fuego in southern Chile, it said on Friday. ..continued

June 28, 2013 -- upstreamonline.com
US House clears Mexico deep-water agreement

The US House of Representatives voted to ratify an energy agreement between the US and Mexico that governs how oil and natural gas is developed along a shared border in the Gulf of Mexico.
The agreement establishes a framework by which US energy companies and Mexico's state-owned oil company Petroleos Mexicanos, known as Pemex, ..continued

June 27, 2013 -- upstreamonline.com
Texas crude output outpaces North Dakota

Crude oil production in Texas has jumped by a third in just 12 months, government figures showed on Thursday, with booming output driven by the Eagle Ford shale fields and Permian basin now outpacing growth in North Dakota.
Oil output in Texas hit 2.45 million barrels per day in April, ..continued

June 27, 2013 -- upstreamonline.com
Rosneft eyes 'investor buyout'

Rosneft is reportedly looking to buy out minority shareholders in TNK-BP Holding, while Lukoil has denied it is a potential takeover candidate for the Russian state-owned giant.
"We don't have any obligations. It would be a voluntary offer or, if a decision on a reorganisation is taken, a conversion. We will see," Rosneft vice president and legal counsel Igor Maidannik was reported as saying by Reuters. ..continued

June 20, 2013 -- world-nuclear-news
Thorium test begins

Thorium fuel is now being tested in the Halden research reactor in Norway. It was loaded in the last week of April, defining the start of a physical test program that will simulate how it operates in a power reactor.
Led by Norwegian company Thor Energy, the test will provide unique information necessary for qualifying this new fuel material for commercial use in current reactors. ..continued

June 10, 2013 -- upstreamonline
Oil prices buoyed by US data

Brent futures rose towards $105 per barrel on Monday, after data from top oil consumer the US showed an improvement in hiring although not enough to ignite fears about near-term tapering of the Federal Reserve's massive stimulus.
Markets have been on edge over the past few weeks amid concerns the Fed will roll back its stimulus commitment, a key driver of investment in commodities and other riskier assets. Speculation that Friday's jobs data would disappoint and raise worries about the US economy had also hit investor sentiment. ..continued

June 10, 2013 -- delphi
NOTE: Bad ecopnomy = more stimulus = more profit with less work.

June 10, 2013 -- upstreamonline
Cheap LNG will discourage investment

The notion of cheap liquefied natural gas prices, fuelled in part by the unconventional boom in the North America, will discourage investments and compromise energy security over the long run, Petronas' chief executive Shamsul Azhar Abbas said in the opening keynote address of the 17th Asia Oil and Gas Conference. ..continued

June 7, 2013 -- upstreamonline
Canadian oil output 'to double' by 2030

Oil production in Canada is expected to more than double by 2030 as the country ramps up output in the vast oil sands, according to the Canadian Association of Petroleum Producers (CAPP). ..continued

June 7, 2013 -- upstreamonline
Shell targets more Mexico co-operation

Shell Upstream Americas director Marvin Odum would like to tighten ties between the Anglo-Dutch supermajor and Mexico when it comes to meeting its energy needs, he said in Cancun on Friday. ..continued

May Employment:
Nonfarm payroll jobs up 163,000
Civilian labor force up 210,000
Employed up 420,000 (up 4,000 since Jan)
Unemployment up .1 to 7.6
Employment-Population Ratio up .1 to 58.6%
We give you the numbers -- You do the math.

June 5, 2013 -- William F. Jasper
Cooking Climate Consensus Data: “97% of Scientists Affirm AGW" Debunked

Cooking Climate Consensus Data: “97% of Scientists Affirm AGW" Debunked
The survey by Australian global-warming activist John Cook, released recently with a massive media sendoff, is rapidly melting, as scientists and statisticians subject it to analysis. And now it's leaking out that Cook’s e-mails show he was scheming on this fraudulent survey to promote a leftist political agenda for well over a year. ..continued

May 28, 2013 -- Danica Newnham
LNG deals to tackle climate change

An international sectoral agreement for the liquefied natural gas industry could form part of a “bottom-up” approach to tackle climate change, according to an Australian university professor. ..continued

May 28, 2013 -- Danica Newnham
EPA Drastically Reduces Industry Greenhouse Emission Estimates

Last month the Environmental Protection Agency (EPA) dramatically lowered its estimates of methane emissions associated with the oil and natural gas industry. Thanks to self-imposed tighter pollution controls by operators, the industry recorded a decrease of more than 850 million metric tons from 1990 through 2010 — an average of 41.6 million metric tons a year. ..continued

May 23, 2013 -- Platts
US natural gas market sees inventories fall below the 5-year average

In this video, Jeff Mower and Samantha Santa Maria, discuss US natural gas prices having risen considerably in 2013, as winter demand has reduced inventories. Whereas the market appeared to be glutted last year, inventories are now below the 5-year average. Ongoing cold weather conditions are in stark contrast to a relatively mild winter last year when storage capacity limits for natural gas were severely tested. ..continued

May 23, 2013 -- upstreamonline.com
Jordan Cove files application for LNG export project

Jordan Cove Energy has filed applications with the Federal Energy Regulatory Commission (FERC) to build and operate a liquefied natural gas export facility at Coos Bay, Oregon.
Jordan Cove said the application initiated an independent review of project engineering, impacts, mitigations and benefits according to regulations set out under the National Environmental Protection Act. ..continued

May 22, 2013 -- upstreamonline.com
Canadian Pacific cleanup continues

A Canadian rail line shuttered by a Tuesday spill has been reopened, Canadian Pacific Railway confirmed to Upstream.
Meanwhile, cleanup continues at the site, which saw some 575 barrels of crude oil spilled after five cars derailed near Saskatchewan, the railroad said Wednesday. ..continued

May 21, 2013 -- Anthony Watts
Senator Whitehouse apologizes for inciteful tornado remarks

Recall this story from yesterday: US Senator Sheldon Whitehouse From Rhode Island Provides Erroneous Information To American Public in Global Warming Rant
Foxnews reports on the apology. Note that about the same time, Barbara Boxer was making similar claims. Later, you get to decide with a poll:
Rhode Island Democratic Sen. Sheldon Whitehouse has apologized for remarks Monday in which he linked Oklahoma “cyclones” to climate change while berating Republicans for their stance on the issue — around the time a massive tornado killed dozens in that state. ..continued

May 21, 2013 -- William F. Jasper
Global Warming "Consensus": Cooking the Books

"Ninety-seven percent of scientists agree: "climate change is real, man-made and dangerous," President Barack Obama tweeted last Thursday, May 16.
The president was cheering on the media-drawn bandwagon for the latest round of global warming "consensus" puffery. John Cook, an Australian blogger/global warming activist, has President Obama and all the usual climate alarmists in academia, the media, and the Big Green NGOs twitterpated over his latest "research," which purports to prove that the scientific world is virtually unanimous in declaring that anthropogenic global warming (AGW) - that is, human-caused global warming - is a dire and imminent existential threat. ..continued

May 21, 2013 -- London (Platts)
Yukos demise defines Russia 10 years on: Former giant oil producer still seeking huge compensation

In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant.
The deal was scuppered, however, in large part because of an unprecedented attack on Yukos by the Russian authorities, claiming tax irregularities and a host of other infringements of Russian law. ..continued

May 18, 2013 -- notrickszone.com
Spiegel Trashes John Cook’s Survey. Man’s Impact “Remains Hotly Disputed”…Only 10% Have Faith In Models

German flagship news magazine Spiegel Online today has an article authored by Axel Bojanowski which takes a close look at the recent John Cook survey. German alarmists like the Potsdam Institute for Climate Impact Research hailed it as proof that climate science was settled and done. ..continued

May 16, 2013 -- upstreamonline
Chevron: Argentina No 2 in world shale

Chevron's president of Latin American and African operations said Argentina and not China has the world's second largest deposits of unconventional oil after the US, according to a report.
"You look at Argentina from the geological point of view, and it is number two," Reuters quoted Ali Moshiri as telling reporters. "Some people say China is number two, but really if you look at the geological and volumetric from the shale oil, Argentina is number two." ..continued

May 14, 2013 -- upstreamonline
Tidewater buys Troms Offshore for $395m

New Orleans-based Tidewater, an owner of offshore service vessels, has agreed to buy Troms Offshore Supply of Norway for about $395 million.
The deal with Norwegian equity investor HitecVision, which currently owns Troms, will expand Tidewater's footprint into the Norwegian sector of the North Sea.
The Troms fleet is expected to include five large and modern deep-water platform supply vessels, as well as one additional deep-water PSV under construction at the Vard Aukra yard in More og Romsdal, Norway. The deal also includes an option to build a seventh vessel. ..continued

May 14, 2013 -- upstreamonline
ExxonMobil loses top slot on Fortune 500

Transocean’s Sedco Express semi-submersible helped coordinate rescue efforts for 13 crew members trapped on a burning fuel tanker off Nigeria this month, the rig contractor said on Tuesday.
The Zug, Switzerland-based company said the ultra-deepwater rig was at work for Eni on 7 May when it got word of a fire on board the fuel tanker Okiki, which had been engaged in refueling work.
Sedco Express captain Romulo Oliveira worked as on-scene co-ordinator.
Field security vessel Abraham helped pick up the crew and the Seabulk Al-Kat helped fight the fire after the workers got on board. ..continued

May 14, 2013 -- upstreamonline
ExxonMobil loses top slot on Fortune 500

Supermajor ExxonMobil lost its spot atop the list of the 500 most valuable US companies ranked by Fortune magazine despite posting the second highest annual profit in US history in 2012.
The Irving, Texas-based refiner and explorer, with annual revenues of $449.9 billion, lost the crown to retailing behemoth Wal-Mart, which posted $469.2 billion in revenues for 2012. ..continued

April Growth:
Nonfarm payroll jobs up 279,000
Civilian labor force up 210,000
Employed up 293,000
Unemployment down .1 to 7.5
Employment-Population Ratio up .1 to 58.6%
Check the facts not the spin.

May 1, 2013 -- upstreamonline
Devon runs red on impairment

Devon Energy racked up a large loss in the first quarter after taking an impairment hit related to a drop in oil and gas prices.
Revenues were also well down due both to a drop in production as well as a negative reversal on derivatives fortunes.
The net loss for the three months to the end of March was $1.34 billion as compared with a profit of $393 million a year earlier. ..continued

May 1, 2013 -- upstreamonline
Chesapeake Energy edges back into black

US independent Chesapeake Energy Corporation has reported net incomes of $15 million for the first quarter, as hedging losses wiped out much of the profits from higher production.
The Oklahoman outfit's bottom line was hurt by the effects of net unrealized noncash after-tax mark-to-market losses of $94 million.
Chesapeake Energy also bit into a net after-tax charge of $83 million for employee retirement expense and “other termination benefits”. ..continued

May 1, 2013 -- upstreamonline
C&J falls short on tight fracking market

Houston-based C&J Energy Services fell short of analyst expectations in the first quarter across the board, posting lower income due to a tighter hydraulic fracturing market.
C&J reported net income of $25.1 million, or 46 cents per share, for the three months to March. That was down from $49.4 million, or 92 cents per share, in the first quarter of 2012.
The 2013 quarterly result came on total revenue of $276.1 million, up 15% compared from a year earlier. ..continued

April 26, 2013 -- upstreamonline
Gazprom sees profits dip

Russian giant Gazprom posted a fall in profits for 2012 despite a rise in revenue over the previous year.
Gazprom posted a profit of 1.2 trillion rubles ($39 million) for the year, down from 2011's profit of just over 1.3 trillion rubles.
The fall in profits came despite a rise in sales revenue, from 4.6 trillion rubles in 2011, to nearly 4.8 trillion rubles last year. ..continued

April 26, 2013 -- upstreamonline
US crude exports jump to 13-yr high

US crude oil exports doubled in February to a 13-year high of 124,000 barrels per day, government data showed on Monday, as shipments of surplus shale crude to Canada gathered pace.
Exports jumped from an average of around 60,000 bpd last year, and have soared from less than 10,000 bpd in 2002, as Canada's refineries increase rail or tanker deliveries, according to data from the US Energy Information Administration (EIA) cited by Reuters.
The shale oil boom has upended the North American energy market and created new cross-border trade flows, despite historical US regulatory restrictions on the export of US produced oil. ..continued

April 22, 2013 -- upstreamonline
Rosneft ‘mulls ExxonMobil Iraq tie-up’

Russia’s Rosneft has further fuelled speculation that it could enter ExxonMobil’s West Qurna 1 oilfield in Iraq after admitting it would consider partnering the US supermajor in the country.
Igor Sechin, the chairman of the Russian company which recently completed its monster acquisition of TNK-BP, said on Tuesday that the pair could work together in the major Middle Eastern producer, according to reports.
"We will work with anyone who offers good terms, we'll work with ExxonMobil too," Reuters quoted Sechin as saying when asked who the Russia oil behemoth may partner with in Iraq. ..continued

April 16, 2013 -- Roy W. Spencer, Ph. D.
Global Warming Slowdown: The View from Space

1) the real climate system is not as sensitive to increasing CO2 as the models are programmed to be (my preferred explanation)
2) the extra surface heating from more CO2 has been diluted more than expected by increased mixing with cooler, deeper ocean waters (Trenberth’s explanation)
3) increased manmade aerosol pollution is causing a cooling influence, partly mitigating the manmade CO2 warming ..continued

April 16, 2013 -- upstreamonline.com
Alaska, US team up for unconventional push

The Alaska Department of Natural Resources (DNR) and the US Department of Energy’s Office of Fossil Energy have signed a memorandum of understanding to work together – and with potential investors – to study unconventional energy resources in Alaska’s Arctic.
In signing the MOU, DNR commits to helping DOE with its ongoing assessment of unconventional energy resources and DOE’s field evaluation of potential unconventional energy production technologies on the North Slope. ..continued

April 16, 2013 -- upstreamonline.com
Maduro ‘bans opposition rally’

Venezuelan President-elect Nicolas Maduro has banned demonstrations planned this week by opposition supporters opposed to his recent election victory.
At least five people have died in a series of violent street clashes in the wake of Sunday’s poll which Maduro, a long-time ally of late ex-president Hugo Chavez, won by a tiny margin. ..continued

April 16, 2013 -- upstreamonline.com
DOE mum on Freeport approval process

The US Department of Energy (DOE) remains coy on the potential timing of approvals related to the planned Freeport LNG liquefaction and export terminal, the next project in the queue for construction in the nation’s emerging liquefied natural gas export market.
Chris Smith, principal deputy assistant secretary and acting assistant secretary for fossil energy at the DOE, told delegates at the LNG 17 conference this week that the department is committed to moving the process along quickly, but are equally committed to ‘getting it right'. ..continued

16 Republicans who do not support our Constitution
Lamar Alexander (TN)   --   Kelly Ayotte (NH)     Richard Burr (NC)
Saxby Chambliss (GA) --     Tom Coburn (OK)   --   Susan Collins (ME)
Bob Corker (TN)   --   Jeff Flake (AZ)   --   Lindsey Graham (SC)
Dean Heller (NV)   --   John Hoeven (ND)   --   Johnny Isakson (GA)
Mark Kirk (IL)   --   John McCain (AZ)   --   Pat Toomey (PA)
Roger Wicker (MS)
These Senators must be held to account.
Please stand with Heritage Action
..continued

April 13, 2013 -- upstreamonline.com
ConocoPhillips freezes 2014 Alaska drill plans

US producer ConocoPhillips has decided to scrap its 2014 drilling plans off Alaska due to "uncertainties" in federal regulations for Arctic exploration.
The company said it could not justify the significant financial investment required to drill in the Chukchi Sea next year amid "evolving federal regulatory requirements and operational permitting standards". ..continued

April 13, 2013 -- upstreamonline.com
New estimate: US has 2384 tcf of gas

Further demonstrating the US shale boom, an industry-backed nonprofit has increased by 28% its estimate of technically recoverable natural gas reserves in the US. The Potential Gas Committee nonprofit puts the new figure at 2384 trillion cubic feet, fueled by new shale discoveries in the Atlantic, Rocky Mountain and Gulf Coast areas.
That increase, which added 486 tcf to the 2010 estimate, includes resources from conventional resources, shale, tight sands and carbonates as well as 158 tcf in coalbed reserves. ..continued

April 10, 2013 -- world-nuclear-news
Fukushima internal exposures low, study finds

Some 99% of residents of Fukushima prefecture and neighbouring Ibaraki have barely detectable levels of internal exposure to caesium-137, a group of Japanese researchers has found. Of the remaining 1%, all showed levels well below the government-set limit.
A group of researchers headed by Professor Ryugo Hayano of the University of Tokyo studied the results of whole body scans carried out at Hirata Central Hospital in Fukushima prefecture between October 2011 and November 2012. ..continued

April 10, 2013 -- Associated Press
Union Workers Rally In Support Of Pipeline Project

TULSA, Okla. (AP) -- Hundreds of union workers rallied in Tulsa on Tuesday to support a regional pipeline construction project they say would create thousands of jobs and improve the economies of cities along the line's route.
Organizers of the rally backing Calgary-based TransCanada's Keystone XL Pipeline said the project would allow the U.S. to tap a key energy source in North America instead of sending its money overseas to import millions of barrels of oil every day. ..continued

April 10, 2013 --
UK starts ABWR design assessment

The generic design assessment (GDA) for Hitachi-GE's Advanced Boiling Water Reactor (ABWR) has officially begun with the signature of agreements by the company and UK nuclear regulators.
The agreements follow a January 2013 request by then-UK energy minister John Hayes for the Office for Nuclear Regulation (ONR) and the Environment Agency to conduct the GDA process for the ABWR, which Horizon Nuclear Power is proposing to build at two UK sites. ..continued

April 9, 2013 -- trefis.com
GE aquires Lufkin Industries

General Electric (NYSE:GE) announced on Monday that it is expanding its oil and gas business with the acquisition of Lufkin Industries for $3.3 billion. [1] Lufkin is a leading provider of artificial lift technology, which helps improve production from oil wells whose natural pressure is insufficient to bring oil/gas to the surface. This technology is used in approximately 94% of the 1 million oil wells in production worldwide, and the market for it is expected to expand further due to an increasing number of maturing oil fields. ..continued

April 9, 2013 -- upstreamonline
Judge rules US government overlooked fracking risk in California

A federal judge has ruled the Obama administration broke the law when it issued oil leases in central California without fully weighing the environmental impact of fracking, a setback for companies seeking to exploit the region's enormous energy resources.
The decision, made public on Monday, effectively bars any drilling on two tracts of land comprising 2500 acres leased for oil and gas development in 2011 by the US Interior Department's Bureau of Land Management (BLM) in Monterey County, Reuters reported.
The tracts lie atop the Monterey shale formation, estimated by the US Energy Department to contain more than 15 billion barrels of oil, equal to 64% of the total US shale oil reserves. ..continued

April 5, 2013 -- Delphi
March Fuzzy Math:
Nonfarm payroll jobs up 88,000
Civilian labor force down 496,000
Employed down 206,000
Unemployment down .1 to 7.6
Employment-Population Ratio unchanged
88,000 found jobs. 496,000 dropped out. ..continued

April 1, 2013 -- upstreamonline
Lukoil buys Hess unit for $2.05bn

Russian giant Lukoil has bought Hess-owned compatriot Samara-Nafta for $2.05 billion, as the New York-based producer continues to shed assets amid shareholder pressure.
Hess holds a 90% stake in the Russian outfit and the sale is expected to to net the US firm about $1.8 billion after taxes.
Samara-Nafta currently produces about 50,000 barrels of per day of oil equivalent in the Volga-Urals region of Russia. here

April 1, 2013 -- upstreamonline
Chesapeake CEO out the door

Embattled Chesapeake Energy chief executive Aubrey McClendon officially stepped down Monday, leaving a trio of executives to continue company operations and a search for his replacement.
Chief operating officer Steve Dixon will serve for the present as interim chief executive.
In a conference call with investors Dixon thanked McClendon for his longterm "widsom, guidance and friendship." here

April 1, 2013 -- upstreamonline
Israel's Tamar field starts flowing gas

Natural gas from the Tamar field off Israel's Mediterranean shores began flowing on Saturday, the field’s partners said.
Israel, once energy poor, is expected to become a gas exporter by the end of the decade, with the Tamar field holding enough reserves to meet the country's gas needs for decades, Reuters stated.
The discovery in 2009 led to an exploration frenzy in the Levant basin, which is shared between Israel, Cyprus and Lebanon. The uncovering of a second bigger find, Leviathan, prompted Israel to set up a natural gas wealth fund. here

March 28, 2013 -- upstreamonline
Clean-up continues at Minnesota railway

Clean-up efforts continued on Thursday in rural western Minnesota where a train carrying crude oil derailed and spilt about 357 barrels.
The spill comes as transportation methods for rising crude production in North America are undergoing a shift away from pipelines and towards rail. The derailment led to the first notable spill in the three years since rail has become a more popular mode of oil transport.
On Wednesday morning, 14 cars of a 94-car train went off the tracks. All of these cars were carrying oil and three of them tipped, leading to the spill.
..."It is good business for the rails and bad safety for the public," Jim Hall, a transportation consultant and former chairman of the National Transportation Safety Board, told Reuters.
"Railroads travel through population centres. The safest form of transport for this type of product is a pipeline. This accident could - and ought to - raise the issue for discussion." here

March 26, 2013 -- Delphi
Progressives oppose Unions and Keystone:

From the Progress Report:
"BOTTOM LINE: The Keystone tar sands pipeline will create just a handful of jobs, won’t improve our energy security, and just isn’t worth the potential cost to our health and our climate." here

March 26, 2013 -- powermag.com
ASLB Upholds Environmental Impact for Proposed Levy County Reactors

The Nuclear Regulatory Commission’s (NRC’s) Atomic Safety and Licensing Board (ASLB) on Tuesday rejected challenges by environmental groups to Progress Energy’s application to license two new nuclear plants in Levy County, Fla.
Progress Energy has proposed constructing and operating two new 1,100-MW reactors at the Levy nuclear power plant, bringing the first reactor into service in 2024 and the second, 18 months later. But the Nuclear Information and Resource Service and the Ecology Party sought to block the company’s combined construction and operation (COL) license, claiming that the NRC’s April 27, 2012, Final Environmental Impact Statement (FEIS) failed to adequately identify and assess the proposed Levy plant’s direct, indirect, and cumulative environmental impacts on wetlands and groundwater resources. here

March 26, 2013 -- npr.org
Eagle Ford production soars in January

Oil production from the Eagle Ford shale of South Texas rose more than 50% in January from a year earlier, as drillers continue to find success in one of the most prolific plays in the US.
Operators in the Eagle Ford pumped 373,303 barrels per day of crude in January, according to preliminary data released by the Texas Railroad Commission, the state regulator.
That was up from 248,403 bpd produced from the play in January 2012. here

March 22, 2013 -- npr.org
Noble Energy to Build LNG Plant in Colorado, USA

Noble Energy, Inc. announced plans to construct and operate a liquefied natural gas (LNG) facility in conjunction with the company’s Keota natural gas processing plant in rural northern Weld County.
“This LNG plant is part of Noble Energy’s continuing commitment to reduce emissions and improve the environment where we operate through the use of clean-burning natural gas as an engine fuel, displacing higher-polluting diesel. We continuously look for ways to enhance our environmental performance, and this facility is expected to help improve air quality by enabling us to utilize natural gas we produce right here in Northern Colorado to power many of our local operations,” said Ted Brown, Noble Energy Senior Vice President – Northern Region. here

March 20, 2013 -- npr.org
Chinese Solar Panel Maker Suntech Goes Bankrupt

The future doesn't look so bright for China-based Suntech, one of the world's largest makers of solar panels: On Wednesday, it was forced into bankruptcy after missing a $541 million payment to bondholders.
Suntech Power Holdings, based in Wuxi on the outskirts of Shanghai, is largely a victim of its own success, borrowing heavily for expansion in recent years (as did Chinese competitors Trina Solar and Yingli Green Energy). here

March 20, 2013 -- world-nuclear-news
Heavy components in at Haiyang

Heavy components have been installed at China's Haiyang 1 - both steam generators and the reactor vessel head - completing the main parts of the new AP1000 unit's primary circuit.
At the Haiyang site in Shandong province, the new reactor project is being managed by Shandong Nuclear Power Company, in collaboration with State Nuclear Power Technology Corp (SNPTC) and China Nuclear Energy Construction Corp (CNECC), which released pictures of the landmark lifts. here

March 19, 2013 -- world-nuclear-news
UK new nuclear 'ready to go'

Planning permission for two reactors to be built at Hinkley Point C was granted today. This is the last major consent EDF Energy needs to build Britain's first new nuclear power plant in 25 years.
Consent was announced by Ed Davey, the minister in charge of the Department of Energy and Climate Change (DECC). Speaking in parliament today he confirmed his decision: "The benefits of the proposed Hinkley Point C development outweigh the impacts, including those on the local community, particularly taking into account mitigation measures." This was the conclusion of a year-long consideration by the new Planning Inspectorate - and the first major infrastructure project it has approved since being set up in 2008. here

March 18, 2013 -- upstreamonline
San Leon teams up with Halliburton

London-listed San Leon Energy has formed a strategic partnership with US company Halliburton to prove the unconventional gas potential of the SW Carboniferou basin in Poland.
The pair signed a memorandum of understanding to develop a strategic relationship to jointly explore and develop the unconventional gas potential in San Leon's Wschowa, Gora, and Rawicz concessions. here

March 18, 2013 -- upstreamonline
Transocean board hits out at Icahn's proposals

The board of rig-owner Transocean has hit out at billionaire investor Carl Icahn and urged shareholders to vote against his increased dividend proposal and his nominees for the company's board.
Ichan, who picked up a stake in Transocean earlier this year, has proposed a dividend of $4.00 per share and nominated three candidates to be elected to the company's board.
However, Transocean's current board of directors has hit out at the proposals, saying they were not in the best interest of the company or its shareholders. here

March 15, 2013 -- upstreamonline
US crude output hits highest since 1992

US oil output has soared to its highest level since July 1992, as unconventional plays in North Dakota and Texas continue to power the country's production renaissance.
US production rose by 0.9% or about 66,000 barrels per day to 7.2 million bpd in the week that ended 8 March, according to the Energy Information Administration.
Analysts say production could rise to as much as 7.7 million bpd by year end, bolstered by soaring volumes from the Bakken play in North Dakota and the Eagle Ford shale in Texas. here

March 15, 2013 -- world-nuclear-news
Construction has officially begun on a new reactor at the Vogtle power plant in Georgia. It is the second AP1000 construction to start in America this week.

Some 5350 cubic metres of concrete were poured to form the basemat for the nuclear portion of Vogtle 3. It will support the reactor itself and buildings to shield it and house fuel handling facilities and auxiliary equipment. here

March 13, 2013 -- upstreamonline
Pemex to inject $3bn in Bay of Campeche

Mexican oil company Pemex said today that it will invest nearly $3 billion in the oil-rich Bay of Campeche this year as the company moves to tap profitable hydrocarbon deposits and boost production.
Pemex said its investment outlay for 2013 called for drilling and completing 19 wells. Seven of them will be in the Abkatun-Pol-Chuc asset off southern Mexico. The balance of that well drilling programme will be in the famed Litoral de Tabasco. here

March 12, 2013 -- upstreamonline
Chevron sees 25% output boost by 2017

US supermajor Chevron said on Tuesday that the 25% growth in oil and gas production it expects to see over the next five years will come almost entirely from projects that are already under way.
At its annual analyst meeting in New York on Tuesday, Chevron said 98% of its targeted output by 2017 was already in design, construction or production, Reuters reported. here

The Law by Frederick Bastiat
Joseph Schumpeter described Bastiat nearly a century after his death as "the most brilliant economic journalist who ever lived."
Much of Hayek’s work, and some of Milton Friedman’s, was an exploration and elaboration of his insight.
Read his classic book, The Law, here

March 12, 2013 -- kansascity.com
Think ethanol is environmentally friendly? Think again

....Yet the Renewable Fuel Standard mandates that ethanol production ramp up from 13 billion gallons this year to 36 billion gallons by 2022. Even now, ethanol production consumes 40 percent of America's total corn crop. Production in substantially larger volumes will mean removing even more cropland from food production, which will drive up consumer prices across the board, harming millions of people in poor countries who rely heavily on U.S. corn exports. Read more here:

March 10, 2013 -- Zacks -- Mitch Zacks, Senior Portfolio Manager
7 Sequestration Facts Every Investor Should Know

Federal sequestration spending cuts are now being implemented. This will affect the market and economy in several ways that investors must be aware of.
Today we will outline 7 important facts that every investor should be aware of in regards to the budget cuts. continue

March 9, 2013 -- Delphi
February Employment Numbers:
Nonfarm payroll jobs up 236,000
Civilian labor force down 130,000
Employed up 170,000
Unemployment down .2 to 7.7
Employment-Population Ratio unchanged
236,000 found jobs. 130,000 dropped out.
Check the facts not the spin.

March 7, 2013 -- upstreamonline
Interior nominee pledges ‘certainty’ for industry

President Barack Obama's nominee to head the US Interior Department, Sally Jewell, pledged to provide the oil and gas industry with "certainty" regarding development on public lands, as lawmakers questioned her commitment to balancing conservation with energy production.
"We owe it to the American people to make sure that development takes place in a safe and responsible way," she told the Senate Energy and Natural Resources Committee according to the news wire.
"We also need to provide industry with certainty and clarity when it comes to development, so that they can make smart investments to help power our economy," Jewell added. More

March 7, 2013 -- upstreamonline
Synergy inks Wattenberg JV with Vecta

Colorado-based junior Synergy Resources has inked a joint venture deal with Vecta Oil & Gas of Texas aimed at exploring acreage in the Denver-Julesburg basin.
Synergy will pay Vecta about $2.8 million in cash and about $640,000 worth of shares in the deal, which will create two separate areas of interest in Morgan and Weld counties.
Each company will contribute acreage to the venture, one of about 45,600 acres and another of about 3000 acres. Syngery will own a 35% interest in the former and a 65% stake in the latter, and will operate both. More

March 6, 2013 -- Forbes
As Carbon Dioxide Levels Continue To Rise, Global Temperatures Are Not Following Suit

New data from the National Oceanic and Atmospheric Administration show atmospheric carbon dioxide levels are continuing to rise but global temperatures are not following suit. The new data undercut assertions that atmospheric carbon dioxide is causing a global warming crisis.
Global temperatures are essentially the same today as they were in 1995, when atmospheric carbon dioxide levels were merely 360 ppm. Atmospheric carbon dioxide levels rose 10 percent between 1995 and 2012, yet global temperatures did not rise at all. Global warming activists are having a difficult time explaining the ongoing disconnect between atmospheric carbon dioxide levels and global temperatures. More

March 5, 2013 -- world-nuclear-news
Moniz is Obama's new man for energy

After much speculation, MIT's Ernest Moniz has been announced as President Barack Obama's choice for energy secretary. He awaits confirmation by the US Senate.
Moniz is no stranger to the Department of Energy (DoE), which he is now likely to head. He served as under secretary of energy for President Bill Clinton from 1997 to 2001, taking responsibility for the department's network of 17 national laboratories. Currently he is the Ida Green Professor of Physics and Engineering Systems at Massachusetts Institute of Technology (MIT) and director of its Energy Initiative and its Laboratory for Energy and the Environment. More

March 5, 2013 -- upstreamonline
Shell plans North American LNG units

Shell has taken a final investment decision on a pair of small-scale liquefaction projects in North America which will deliver LNG to parts of the US and Canada.
The Anglo-Dutch supermajor, a large player in the LNG sphere, plans for the two units to form the basis for a pair of LNG transport corridors in the region.
In the Gulf Coast corridor, Shell is looking at installing a 0.25 million tonnes per annum liquefaction unit at its chemicals facility in Geismar, Louisiana. It is envisaged supplying LNG along the Mississippi River, the Intra-State Coastal Waterway, offshore Gulf of Mexico and onshore at oil & gas exploration sites in Texas and Louisiana. More

March 4, 2013 -- upstreamonline
Canada taking drilling input for Arctic islands

Canada invited oil and gas companies on Monday to nominate drilling lands in the country's Arctic archipelago for inclusion in a future property auction and said one small oil field that was discovered in the tax-dollar-fueled exploration rush that swept the region 40 years ago will also be up for grabs.
The government's nomination process asks oil companies to select blocks of land they would like to see posted for bidding in a future auction, Reuters reported. More

March 1, 2013 -- breitbart.com
Obama Moves to Approve Keystone Pipeline

This afternoon, the State Department released a draft environmental assessment of the proposed Keystone Pipeline. The assessment concluded that blocking the pipeline would have little impact on stemming climate change nor curtailing the development of Canada's oil-sand fields. In other words, the State Department has concluded building the pipeline will have little impact on the environment.
The draft is a blow for environmentalists, who had tried to link development of the pipeline to the overall issue of climate change. The assessment will be subject to public comments for 45 days. The State Department will have to respond to those comments before issuing its final assessment. Still, today's release suggests the Administration is preparing to approve the pipeline project. More

February 27, 2013 -- world-nuclear-news
Valero's New Splitters For Bakken / Eagle Ford Condensates And Its Retail Spin-Off Mean More Value

Valero Energy Corp. (VLO) is the world's largest independent refiner with 16 refineries and 3 million bpd of throughput capacity. It has 6,800 branded marketing sites (1,900 in the US and Canada). It has 10 corn ethanol plants with a total capacity of 1.1 billion gallons per year (72,000 bpd). It has the Diamond Green Diesel JV under construction (10,000 bpd capacity). This creates diesel from waste cooking oil and animal fat. Plus it has a 50-megawatt wind farm. More

February 27, 2013 -- world-nuclear-news
Magnox decommissioning milestones

Several milestones have been reached in the decommissioning of the UK's fleet of Magnox nuclear power plants, including the completion of defuelling at Chapelcross and the removal of a transformer from the Oldbury site.
The final shipment of used fuel from the UK's Chapelcross nuclear power plant has been sent for reprocessing at Sellafield, marking the end of a four-year operation to remove all fuel from the site. More

The Times and Progressives are celebrating. Higher gasoline prices only hurt the poor. February 27, 2013 -- nytimes.com
With 2 Ships Out of Commission, Shell Suspends Arctic Drilling

After a series of costly and embarrassing accidents in its efforts to drill exploratory wells off the north coast of Alaska last year, Royal Dutch Shell announced on Wednesday that it would not return to the Arctic in 2013.
The company’s two drill ships suffered serious accidents as they were leaving drilling sites in the Beaufort and Chukchi Seas last fall and winter and are being sent to Asia for repairs. Shell acknowledged in a statement that the ships would not be fixed in time to drill during the short summer window this year. More

February 26, 2013 --
NAM: Carbon Tax Would Wallop Our Economy

Today, the National Association of Manufacturers (NAM) released a study conducted by NERA Economic Consulting that shows a carbon tax would have a devastating impact on manufacturing and jobs. The report, titled Economic Outcomes of a U.S. Carbon Tax, found that levying such a tax would impact millions of jobs and result in higher prices for natural gas, electricity, gasoline and other energy commodities. Manufacturing output in energy-intensive sectors could drop by as much as 15.0 percent and in non-energy-intensive sectors by as much as 7.7 percent. More

Economic Impact by State the Top 10

The full report

February 26, 2013 -- world-nuclear-news
Energiewende sees emissions rise

German carbon dioxide emissions rose slightly in 2012 as the replacement of politically closed nuclear generation cost the country the opportunity to reduce emissions to a record low.
Preliminary greenhouse gas emissions for 2012 have been released by the Ministry of Environment, Nature Conservation and Nuclear Safety. They show an increase in releases of 1.6% to 931 million tonnes of carbon dioxide equivalent per year. More

February 25, 2013 -- world-nuclear-news
Fennovoima selects Toshiba but keeps options open

Finland's Fennovoima has launched a study into the possibility of building a mid-sized nuclear reactor at Hanhikivi despite inviting Toshiba to take part in "direct negotiations" about proposals for a 1600 MWe boiling water reactor at the site. More

February 22, 2013 -- world-nuclear-news
Scientists at a lab at the Savannah River Site are studying ways to power vehicles using natural gas.

The Savannah River National Laboratory is partnering with Ford Motor Co., the University of California-Berkeley and BASF. The project is funded by a $5.5 million grant by the U.S. Department of Energy.
Researchers say they are looking at ways to develop high performance fuel systems to use next-generation metal-organic frameworks that can absorb natural gas at high densities. More

February 20, 2013 -- csmonitor.com
One casualty of the sequester? Obama's entire legislative agenda.

President Obama has been highlighting, with increasing urgency, all the ways in which the "sequester" – the across-the-board cuts to defense and nondefense discretionary spending scheduled to hit at the end of next week – would be bad for average Americans and could do serious damage to the economy.
What he hasn't said, but what's abundantly clear from looking at where the cuts would hit, is that the sequester also would make virtually all of Mr. Obama's second-term legislative agenda, including a few items that have Republican support, essentially dead on arrival. More

Don't panic! The sequester is only 1.5 tgo 2% of Federal spending.

February 14, 2013 -- upstreamonline
Apache shot down by gas prices

US independent Apache saw its profits almost halved in the fourth quarter, missing analyst estimates, as it was severely hit by weak North American natural gas prices.
Its net income attributable to shareholders plunged to $649 million, or $1.64 per share, from $1.17 billion a year earlier despite seeing a 2% year-on-year increase in revenue to $4.4 billion as higher output failed to offset the gas price drop. More

February 14, 2013 -- upstreamonline
NY frac ban to extend another year

Governor Andrew Cuomo missed a Wednesday deadline for completing a report on the environmental impact of hydraulic fracturing, better known as fracking, that was to form the basis for new drilling rules, Reuters reported.
As a result, a now-four year moratorium on shale gas drilling in the Empire State could extend into 2014 forcing companies such as Chesapeake Energy and a host of smaller independents to sit on their idle land leases and wait, according to the news wire. More
and the unemployed also wait!

February 14, 2013 -- upstreamonline
Breitling pushing into Kansas

Breitling Oil & Gas plans to boost oil production from the unconventional Mississippi Lime play in Oklahoma even as the US independent prepares to begin drilling in Kansas for the first time. More

February 14, 2013 -- upstreamonline
Oil rises with US gasoline supply concerns

Oil prices edged up on Thursday as fears about US gasoline supply pulled the complex higher, overshadowing concerns of weakening economic output in the euro zone. More

February 13, 2013 -- theuschamber.com
U.S. support for Keystone pipeline stretches well beyond industry insiders

With four million members in the United States and Canada, Sean McGarvey, president of the building and construction trades unit of the mighty AFL-CIO, is the type of Keystone XL pipeline backer the U.S. president cannot ignore.
Trade unions such as the American Federation of Labour and Congress of Industrial Organizations — the United States’ largest union federation — had a big hand in Barack Obama’s re-election, much like the environmental movement that opposes the Alberta-to-Texas oil sands pipeline. More

February 13, 2013 -- theuschamber.com
Obama SOTU Address: President Says GOP Should Back His Plans

Uncompromising and politically emboldened, President Barack Obama urged a deeply divided Congress Tuesday night to embrace his plans to use government money to create jobs and strengthen the nation's middle class. He declared Republican ideas for reducing the deficit "even worse" than the unpalatable deals Washington had to stomach during his first term. More

Time to leave NY State:
February 12, 2013 -- upstreamonline
NY fracking decision faces further delay

New York State's decision to lift a four-year ban on hydraulic fracturing faced further delay on Tuesday after officials conducting a key health impact study asked for more time to form their conclusions on the divisive issue.
The New York Department of Health, which has been commissioned to study how the process known as fracking affects public health, said the review is ongoing but that a few more weeks are needed due to the "complexity of the issues," Reuters reported. More

February 12, 2013 -- Senator Marco Rubio
GOP Responce to President Obama's State Of The Union Address

But America is exceptional because we believe that every life, at every stage, is precious, and that everyone everywhere has a God-given right to go as far as their talents and hard work will take them.
Like most Americans, for me this ideal is personal. My parents immigrated here in pursuit of the opportunity to improve their life and give their children the chance at an even better one. They made it to the middle class, my dad working as a bartender and my mother as a cashier and a maid. I didn't inherit any money from them. But I inherited something far better - the real opportunity to accomplish my dreams. More

February 12, 2013 -- Reuters
CNOOC-Nexen deal wins U.S. approval, its last hurdle

U.S. regulators have approved the $15.1 billion takeover of Canadian oil and gas company Nexen Inc by China's state-owned CNOOC Ltd, removing the final obstacle to the Asian country's largest-ever foreign takeover.
The deal to buy Calgary, Alberta-based Nexen had already passed regulatory muster in Canada and Europe. But approval from the Committee on Foreign Investment in the United States (CFIUS) was also needed because Nexen has U.S. interests. More

February 12, 2013 -- AFG on facebook
You can’t spend your way out of this recession and you can’t cut spending enough to get out of it.
You can only grow out of it.

More

February 12, 2013 -- upstreamonline
AusTex in double strike at Snake River

Australia-listed AusTex Oil has hit oil and gas in two wells on its wholly-owned Snake River project in Northern Oklahoma.
The Cletus-20-10 well was drilled to a total depth of 4745 feet and intersected 270 feet of the primary target Mississippi Lime interval. More

February 12, 2013 -- upstreamonline
Shell-operated rigs to leave Alaska for repairs

Two Shell-operated offshore rigs will move from Alaska to Asia to undergo repairs and upgrades, the Anglo-Dutch supermajor said on Monday night.
According to a statement by Shell spokesman Curtis Smith published in the Anchorage Daily News, the company had not made any final decision about the 2013 Alaska offshore drilling programme. More

February 12, 2013 -- upstreamonline
Brent above $118 as investors focus on North Korea seismic

Brent crude futures rose and remained above $118 per barrel on Tuesday in thin trade due to Lunar New Year holidays in Asia, with investors focusing on seismic activity in North Korea that South Korea said indicated Pyongyang had carried out a promised nuclear test. More

February 11, 2013 -- upstreamonline
BP in 20-year US LNG deal

BP has staked a two-decade claim to the LNG capacity of a second train of a proposed liquefied natural gas facility to be built near Freeport, Texas, the company said on Monday.
Freeport LNG said the UK supermajor has signed onto a binding 20-year deal for 4.4 million tonnes per annum that would be exported at the loading facility in south Texas. More

February 11, 2013 -- upstreamonline
Halliburton sees $30m Venezuela charge

Halliburton said on Monday it expects to take a $30 million currency devaluation charge in the first quarter after a Venezuelan government monetary shift, the oil-service firm said.
That came as authorities altered exchange rate to 6.3 Bolivar Fuertes per US dollar from 4.3, the company said in a filing with the US Securities and Exchange Commission. More

February 11, 2013 -- upstreamonline
Seadrill turns wheels on tender rig sale

Seadrill is set to seal a proposed $2.9 billion deal to sell its tender rig business to Malaysian joint-venture partner SapuraKencana Petroleum in the second quarter after finalising details of the cash-and-shares transaction. More

February 8, 2013 -- James M. Taylor, J.D
Survey Shows Geoscientists and Engineers Are Skeptics

Only 36 percent of geoscientists and engineers believe humans are creating a global warming crisis, according to a newly published survey reported in the peer-reviewed Organization Studies. The survey throws cold water on assertions by global warming alarmists that nearly all scientists agree humans are causing a global warming crisis.
Nearly two-thirds of the 1,077 survey respondents said nature is the primary cause of recent global warming and/or that future global warming will not be a very serious problem. More

February 8, 2013 -- upstreamonline.com
Obama nominates REI chief for Interior post

President Obama on Wednesday nominated as US interior secretary Sally Jewell, chief executive of outdoor retailer REI.
Also known as an avid outdoorswoman, Jewell also started her career as an engineer for Mobil Oil, according to US sources including the AP and Washington Post. More

February 8, 2013 -- upstreamonline.com
Salazar to bow out

US Interior secretary Ken Salazar is to step down as head of the main regulatory agency dealing with US lands and minerals in March. More

Posted: February 5, 2013 -- Investors Business Daily
Climate Change Models Got It Wrong, Say Researchers

Environment: The global warming models, as we have said repeatedly, are hopelessly flawed. Earth is not going to heat up as they have projected. Scientific research out of Norway confirms this.
The United Nations' Intergovernmental Panel on Climate Change, maybe the most hysterical organization ever established, has predicted temperatures to rise by 3 degrees Celsius by 2050 if by then, carbon dioxide levels double from their preindustrialized levels of 1750. Such a projection has prompted much hair-pulling and routine public hand-wringing. More

February 5, 2013 -- upstreamonline.com
Anadarko back in black

US company Anadarko Petroleum bounced back into profit during 2012 as sales volumes for the year increased by 8%, hitting a record high, and expenses were lower.
Net income for the year totaled more than $2.4 billion, recovering from 2011’s near $2.6 billion loss. More

February 5, 2013 -- upstreamonline.com
Shell, partners score Canada LNG license

Canada's National Energy Board on Monday approved a liquefied natural gas export license for Shell’s planned LNG export plant on British Columbia's Pacific Coast.
The regulator approved exports of up to 670 million tonnes of LNG over the 25-year period covered by the license, or 3.23 billion cubic feet of gas per day, Reuters reported. More

February 4, 2013 -- upstreamonline.com
Brazil output drops again in December

Brazil's output of oil and natural gas fell for the ninth straight month in December, with maintenance of offshore oil platforms run by Petrobras limiting production in the final month of 2012, the country's oil regulator said on Monday.
Output fell 2.96% to 2.584 million barrels of oil equivalent per day, from 2.663 million boepd in December 2011, Reuters reported, citing ANP figures. More

February 1, 2013 -- Seth Harris, DOL
Steady Gains on the Path to Recovery

Today’s jobs report shows solid, steady growth in jobs. The economy added 157,000 nonfarm payroll jobs in January, while the unemployment rate was unchanged at 7.9 percent.
January’s report marks 35 consecutive months of private sector job growth totaling more than 6.1 million jobs. It also shows that the economy gained 2.25 million private sector jobs in 2012, which includes an annual revision to the survey that resulted in an additional 424,000 jobs.
continued

February 1, 2013 -- Delphi
January emloyment - bad for workers but good for the market: interest rates will stay down.

Nonfarm payroll jobs up 157,000
Civilian labor force up 53,000
Employed up 17,000
Unemployment up .1 to 7.9
Employment-Population Ratio unchanged
157,000 found jobs. 104,000 dropped out.
Check the facts not the spin.

January 31, 2013 -- POWERnews
EIA: Natural Gas Generators in New England See Supply Constraints, Highest Prices

Average spot natural gas prices in New England have surged to $3 per million British thermal units (MMBtu) higher than natural gas prices at the Henry Hub since November, driven up by supply constraints from natural gas pipelines that haven't kept up with demand, high international prices, and declining production in eastern Canada, the U.S. Energy Information Administration (EIA) says in a report released last week. continued

January 31, 2013 -- POWERnews
MidAmerican Energy to Switch 674-MW of Coal Capacity to Nat. Gas, Other Fuels

A settlement agreement reached with environmental group the Sierra Club last week may mean that Iowa's largest utility, MidAmerican Energy Co., will switch 674 MW of coal-fired capacity to natural gas or other fuels by April 2016. continued

January 30, 2013 -- AP Auto Writers
Chrysler Now A Rising Star Among Automakers

In just three years, Chrysler has gone from government ward to rising star.
The No. 3 U.S. automaker made $1.7 billion last year thanks to big gains for its much-improved cars and trucks, and it's expecting profits to reach $2.2 billion this year. continued

January 30, 2013 -- The Washington Times
GDP reverses course into negative territory

U.S. economic growth unexpectedly ground to a halt at the end of last year, falling from a healthy 3.1 percent gain in the summer to a 0.1 percent contraction in the final quarter, the Commerce Department reported Wednesday. continued
Not really unexpected to those who have been following this administration's anti growth policy. No pipelines, no fracking, no LNG exports = no growth = no jobs!
Of course we will hear the usual excuses.


Reminder -- January 28, 2013
Marcellus Shale Drilling in New York

"Although Chesapeake is the most active explorer of deep natural gas shales in the nation, we are not currently drilling in the New York portion of the Marcellus Shale. The reason for this lack of exploration activity is the implementation of a lengthy regulatory process, which has limited the ability to permit and drill certain types of wells within the state." continued

January 28, 2013 -- upstreamonline.com
Iraq inks Block 9 deal

Iraq has firmed up the contract to hand control of an oil block in the country to Kuwait Energy and Dragon Oil.
The final service agreement covering Block 9 in Basra province was signed by the Ministry of Oil and the parties on Sunday. continued

January 28, 2013 -- upstreamonline.com
Iraq issues ultimatum to ExxonMobil

Iraq has told ExxonMobil that it must choose between working in the country's southern oilfields or in autonomous Kurdistan, and expects the US oil major to make a final decision in a few days. continued

January 28, 2013 -- upstreamonline.com
Mexico and Brazil eye joint ventures

Mexican President Enrique Pena Nieto said his country and Brazil had agreed to look into establishing joint projects involving state-run energy companies Pemex and Petrobras.
Reforms at Mexico's state oil monopoly Pemex have started to open the company up to more private investment, and Pena Nieto has pointed to the success of state-controlled Petrobras - which trades on several major stock exchanges and has boosted efficiency - as a model for deeper change. continued

January 25, 2013 -- lng17.org
Obama’s Declaration of Collectivism

One of the least remarked upon aspects of President Obama’s inaugural speech was his attempt to co-opt the Founding Fathers’ Declaration of Independence to bolster his liberal-left agenda.
.....Here’s what I take away from all this: Mr. Obama is arguing counter to the Founding Fathers that the pursuit of happiness is the pursuit of equality of results, not the equality of opportunity, continued

January 25, 2013 -- Washington (Platts)
US senators clash over merits of LNG export study

The expansion of US liquefied natural gas exports is shaping up as the first significant clash between the top Republican of the Senate Energy and Natural Resources Committee and its incoming chairman.
In a letter sent Friday to Energy Secretary Steven Chu, Senator Lisa Murkowski, an Alaska Republican, forcefully backed a DOE-commissioned study on LNG export which Senator Ron Wyden, the Oregon Democrat and soon-to-be committee chair, has called "seriously flawed." continued

January 25, 2013 -- lng17.org
17th International Conference & Exhibition on Liquefied Natural Gas

The LNG series of events are considered to be the premier global LNG events, and this is the ONLY event conducted specifically by the LNG industry for the LNG industry. LNG 17 will be the biggest global gas event to take place this year, and the next International Gas Union event, attracting decision makers and gas industry experts from all over the world. continued

January 24, 2013 -- lng17.org
Freeport deals lead to flurry of lawsuits

Copper miner Freeport-McMoRan Copper & Gold Inc's $9 billion deal to buy two energy exploration companies has put the company and its directors in an unusual position.
A flurry of lawsuits in Delaware accuses Freeport and its directors of paying too little for McMoRan Exploration and Plains Exploration & Production, as well as paying too much, Reuters reported. continued

January 24, 2013 -- delphi
So far 2013 shows no promise:

President Obama has not approved the Keystone pipeline.
Governor Cuomo has not allowed fracking
DOE is limiting LNG exports & is lowering NG price
President Obama sill considering a carbon tax
No growth = no jobs = no tax revenue


January 24, 2013 -- upstreamonline.com
Kerry vows to divest oil interests

US Senator John Kerry, who has been nominated to succeed Hillary Clinton at the country's Secretary of State, will divest his family's holdings in several energy companies if he is confirmed, according to a letter he sent to a governmental ethics board.
The energy companies Kerry owns stakes in through the trusts include ExxonMobil, ConocoPhillips, Encana and Cenovus Energy. Energy companies make up only a small portion of the stocks he plans to divest. continued

January 24, 2013 -- Karl Rove -- WSJ
Obama's Second-Term Wish List

An agenda that puts climate change ahead of jobs and deficits won't win the House in 2014.
President Obama's 15-minute, 2,108-word second inaugural address followed the old wedding advice to offer "something old, something new, something borrowed, something blue."
The "something old" was Mr. Obama's habit of serving up straw men before triumphantly demolishing them. "No single person," he harrumphed, "can train all the math and science teachers" or "build all the roads and networks and research labs" America needs. continued

January 23, 2013 -- upstreamonline.com
Algeria attack could shift Statoil cash

Statoil of Norway could accelerate a shift towards US shale investments and Brazil after last week’s terrorist attack in Algeria that left five of its employees missing, analysts said.
Poor security in North Africa could prompt the Stavanger-based company to focus even more on shale oil and gas in the US and deep-water fields off Brazil, where most of the company’s production growth is expected to occur in this decade, said Trond Omdal, an analyst at Arctic Securities. more

January 18, 2013 -- upstreamonline.com
What the anti-fracking movement wants

....the movement as a whole falls into four broad camps: those desiring a better deal from the gas industry; those advocating further study into the environmental and economic impacts of unconventional gas development; those demanding a complete ban on hydraulic fracturing; and - in the majority - those demanding tighter regulation of gas development. must read!

January 17, 2013 -- upstreamonline.com
Rail hits Enbridge business in North Dakota

Enbridge’s North Dakota pipeline system has been underused for the past three months as railroads move more oil out of the Bakken shale play, according to a report.
Enbridge’s plans to expand its pipeline network out of the Bakken will not stop railroads from taking business, Bloomberg reported Flint Hills Resources, a unit of Koch Industries, as saying in a filing with the Federal Energy Regulatory Commission.
.... The largest oil rail-car shipper in the Bakken is Burlington Northern Santa Fe, owned by Warren Buffett’s Berkshire Hathaway. The company plans to boost its crude-oil shipments by 40% to 700,000 bpd by the end of this year, chief executive Matt Rose told Bloomberg. more

NOTE: Warren Buffet is reaping his rewards for helping Obama get reelected. It was obvious to most of us that he had a good reason for buying Burlington Northern and that there is a hidden financial agenda for halting the Keystone Pipeline.

January 18, 2013 -- Moscow Times -- Irina Filatova
World Bank Praises 'Doing Business' Progress

Russia is on the right path to radically improve its business environment and move up 100 notches within the next five years in the global rankings of the favorableness of countries' investment climate, a World Bank official said Thursday. more

January 18, 2013 -- upstreamonline.com
Photo finish in race for Petrobras deals

Seadrill-SapuraKencana and Technip-NorSkan are racing neck and neck to secure most, if not all, of the Petrobras orders for a fresh batch of flexible pipelay support vessels to work in the Brazilian pre-salt play. more

January 17, 2013 -- upstreamonline.com
Lukoil inks revised West Qurna 2 pact

Russian giant Lukoil formally signed an amended agreement in Baghdad on Thursday for its operated West Qurna 2 project in Iraq to slash the output target on the scheme.
Confirming an earlier Upstream report, Lukoil has agreed to cut the target from 1.8 million barrels per day to 1.2 million bpd under the amended production pact inked with state-owned North Oil Company and South Oil Company. more

January 17, 2013 -- Joe Wolverton, II, J.D.
UN Gun Grab on Pace for March

In just two months the globalists of the UN will gather in New York City to put the final touches on plans to impose strict regulations worldwide on the right of the individual to buy, sell, trade, or own guns and ammunition.
On March 18, 2013 in New York City the next round of negotiations is scheduled to begin, with one aim in mind: eradicate private gun ownership. more

January 17, 2013 -- upstreamonline
Militants in Algeria warn of 'tragic end'

Tensions mounted at a gas-production facility in Algeria under siege by Islamic militants after government forces were reportedly repelled in an attack and hostage-takers warned of violence against those held captive if demands were not met. more

January 17, 2013 -- upstreamonline
JGC workers amongst kidnapped in Algeria

The Japanese government has confirmed that several employees from engineering company JGC Corporation had been kidnapped in Algeria.
Reuters cited a statement from JGC which said the company would not comment the number of its employees kidnapped or the location of the incident.
However, Japan’s Jiji news agency reported that the Foreign Ministry told a meeting of a ruling bloc task force on the incident on Wednesday night that three Japanese nationals may have been abducted. more

January 17, 2013 -- upstreamonline
Lund: ‘Algeria standoff could be long-lasting’

Statoil chief executive Helge Lund has said the Norwegian major is “prepared for a long-lasting situation” in Algeria as a group of terrorists continue to hold international oil workers hostage at a gas facility.
A tense standoff between the al-Qaeda-linked group and Algerian forces continues at the gas production plant on In Amenas following the storming of the facility by heavily-armed assailants early on Wednesday morning. more

January 16, 2013 -- automatedtrader
GE Inks $500 Million Turbomachinery Equipment Deal with Petrobras

General Electric Co. (GE) said it won a contract worth more than $500 million to supply turbomachinery equipment and services to Petroleo Brasileiro S/A (PBR, PETR3.BR), continuing to expand its relationship with the state-run Brazilian energy company.
The contract will serve the four new floating production storage and offloading units in the Cessao Onerosa region of the Santos Basin pre-salt fields in the state of Sao Paulo. more

January 15, 2013 -- heartland.org
Debate Verdict: Al Gore Presenter Trounced by Heartland’s James Taylor

Global warming alarmists and skeptics alike report that Heartland Institute senior fellow James Taylor scored a decisive victory over Ray Bellamy, an official presenter for Al Gore’s Climate Reality Project, in a global warming debate in Tallahassee, Florida. must read!

January 16, 2013 -- upstreamonline
Apache completes Marathon well

US independent Apache has completed drilling the fourth development well at its shallow-water Marathon gas and condensate field in Atchafalaya Bay, off the Louisiana Gulf Coast.
The State Lease 20369-2 well was drilled in a water depth of 2.4 metres to a total depth of 5686 metres, which was short of the originally proposed depth for the well of 5915 metres. more

Posted January 14, 2013 -- delphi
Applications Received by DOE/FE to Export Domestically Produced LNG
from the Lower-48 States as of January 4, 2013

21 Applications received -- 1 Approved
20 applications on hold by DOE
more

Posted January 10, 2013 -- platts.com
Incoming Senate energy chair stands firm in opposition to expanded LNG exports

Senator Ron Wyden would appear to have ample reason to support the expansion of LNG exports from the US.
The Democrat and incoming chairman of the Senate Energy and Natural Resources Committee has a proposed LNG export terminal in his home state of Oregon. .... But Wyden has held firm to his opposition of expanded LNG exports, saying the Jordan Cove project and others like it could cause natural gas to trade as a global commodity, similar to oil. That would mean US consumers could expect to encounter volatile swings and price shocks for future natural gas supplies, he has said. more
Then all exports must be bad for consumers -- ed

Posted January 10, 2013 -- Harvard Business Law Review Online
America's Natural Gas: From Shale Gas To Lng Exports

lawmakers pointed out that the DOE/FE 'does not seem to have a set timeline for decisions or a sense of urgency,' which has left a growing number of companies and projects waiting in limbo. more

Posted January 10, 2013 -- upstreamonline
Chevron sees rosier fourth quarter

California-based supermajor Chevron expects a stronger fourth quarter compared to the painful preceding period based on improved production figures and a big asset deal.
Chevron said in an interim update after market close on Thursday that it expected its fourth-quarter earnings to be “notably higher” than in the three months that ended September 2012. more

Posted January 10, 2013 -- upstreamonline
ATP asks to hold auction on Gulf shelf assets

ATP Oil & Gas has reportedly asked the judge overseeing the company’s bankruptcy for permission to hold an auction for a group of shallow-water oil wells in the US Gulf of Mexico.
The company was required to start looking for buyers last year by the lenders funding ATP’s bankruptcy, according to court documents filed this week in federal court in Houston. more

Posted January 9, 2013 -- Pravda -- American Petroleum Institute
Oil and gas investments vital to nation's economy and future prosperity

API President and CEO Jack Gerard told reporters and Washington guests attending API's State of American Energy event today that through massive investments in energy the U.S. oil and natural gas industry was providing solutions to pressing issues impacting the nation's economic future. He said he welcomed President Obama's campaign promise to support oil and natural gas development as part of an all-of the-above energy strategy more

Posted January 9, 2013 -- Pravda -- By Stanislav Mishin
Global warming, the tool of the West

For years, the Elites of the West have cranked up the myth of Man Made Global Warming as a means first and foremost to control the lives and behaviors of their populations. Knowing full well that their produce in China and sell in the West model and its consequent spiral downward in wages and thus standards of living, was unsustainable, the elites moved to use this new "science" to guilt trip and scare monger their populations into smaller and more conservatives forms of living. more

Posted January 9, 2013 -- Pravda
Americans never give up your guns

These days, there are few things to admire about the socialist, bankrupt and culturally degenerating USA, but at least so far, one thing remains: the right to bear arms and use deadly force to defend one's self and possessions. more

January 9, 2013 -- Reuters
PetroQuest eyes Mississippian splash

Solid results in the Mississippi Lime of northern Oklahoma have prompted US independent PetroQuest Energy to splash more money on the tight-oil play.
Louisiana-based PetroQuest said it has established production from two more operated Mississippian Lime wells in Oklahoma - PQML #9 in Pawnee County and PQML #8 in Kay County. more

January 7, 2013 -- Reuters
Russia orders Arctic icebreakers

Russia has ordered a pair of salvage-and-rescue icebreaker vessels to support Arctic offshore operations in a €150 million ($199 million) deal with German fabrication group Nordic Yards.
The 86-metre vessels are intended for icebreaking in waters with ice up to one metre in thickness and will be equipped to carry out fire-fighting and tackle oil spills at sea. more

January 4, 2013 -- Reuters
Canada jobless rate at 4-year low even as growth slows

Canada's economy created far more jobs than expected in December and the jobless rate slid to a four-year low, bolstering the likelihood of a central bank interest rate rise later this year.
In a report that appeared at odds with other figures pointing to sluggish growth, Statscan said the unemployment rate dipped to 7.1 percent from 7.2 percent in November. more

January 4, 2013 -- world-nuclear-news
Cancellation leaves no options for US waste

A plan to create an interim store for used nuclear fuel in Utah is officially dead after Private Fuel Storage (PFS) decided to give up on building the facility in the face of federal obstruction. The move leaves the USA reliant on temporary storage at power plants for the foreseeable future. more

January 4, 2013 -- delphi
December Employment Figures

Nonfarm payroll jobs up 155,000
Civilian labor force up 192
Employed up 78
Unemployment up 7.8%
155,000 found jobs. 154,922 dropped out. more

January 3, 2013 -- The New York Times -- Danny Hakim
Gas Drilling Is Called Safe in New York
Albany - The state's Health Department found in an analysis it prepared early last year that the much-debated drilling technology known as hydrofracking could be conducted safely in New York, according to a copy obtained by The New York Times from an expert who did not believe it should be kept secret.
more

January 3, 2013 -- gulfoilandgas.com
AGR Hits Gas Shows off Israel

AGR (the Operator) reports as follows: The Well has reached a depth of 5 652 meters from sea level (including water depth of about 1 707 meters). Based on examinations performed during the drilling of the Well, "significant signs of hydrocarbons" (natural gas) were found in the lower Miocene sands.
Additional information with respect to the Well, in line with Israeli regulations: Name of the Well: Aphrodite-2 more

January 2, 2013 -- upstreamonline
Kearl oil sands output could begin in 'weeks'

Imperial Oil said its Kearl oil sands project in northern Alberta could start commercial production in the coming weeks after a previous target was delayed from the end of December, according to a report.
The 110,000 barrel-per-day bitumen development has been undergoing commissioning operations over the past several weeks in preparation for oil production, a company spokesman told Reuters Wednesday. more

January 2, 2013
It Passed: Five Things Everyone Should Know About The Fiscal Cliff Tax Deal

If Otto von Bismark hadn’t already uttered his signature warning to turn away from watching laws and sausages being made, someone surely would have said it this New Year’s. But since the House voted and went along with the Senate, you need to know a few points about your taxes: more

January 2, 2013
News Alert To Climate Alarmists:
Most Arctic Species Will Benefit From Global Warming

Global warming will benefit most Arctic species, a team of scientists report in the peer-reviewed journal PLOS One. According to the scientists, global warming will allow most Arctic species to expand their ranges, and no species are expected to go extinct.
....Importantly, no species will go extinct due to warming, the scientists conclude. more
Unfortunately for the species global warming is negligeble.

January 2, 2013
The winners:
President Obama: Lots of tax increases
Warren Buffet: Berkshire Hathaway A shares up 4.14%
    (Warren also benefits from the Keystone holdup)
Rich investors: Stocks & oil up
Pork recipients: Read the bill
The loosers
All taxpayers: Payroll taxes go up
Taxpayers with incomes over $400,000: all taxes go up
The poor: Higher taxes result in higher prices
Text of "bill providing for comprehensive tax reform, and for other purposes."

December 31, 2012
SandRidge Energy calls for rejection of TPG-Axon move

US independent SandRidge Energy has urged shareholders to reject a bid by TPG-Axon Capital to oust the board of the Oklahoman explorer.
SandRidge Energy has accused the hedge fund, which currently owns about 6.7% of the explorer, of seeking to take control of the company without having to pay a "control premium to other shareholders", Reuters has reported. more

December 28, 2012 -- upstreamonline
Sinopec raises oilfield services game
Chinese state-owned Sinopec Group on Friday launched a new oilfield services division to compete for global engineering and construction business, with a possible stocklisting lined up for the unit.
The giant division, named Sinopec Oilfield Service Corporation, has been formed from the consolidation of service departments for eight oilfields and will be responsible for executing overseas contracts worth a total of $14.2 billion, Sinopec said in a statement. more

December 28, 2012 -- upstreamonline
US oil output hits 19-year high
Oil production in the United States rose to 6.98 million barrels per day last week, hitting its highest level since March 1993, data from the US Energy Information Administration showed.
The data also revealed a significant build in US Midwest crude oil stocks, which jumped by 2.11 million barrels last week on account of a 2.2-million-barrel build at the Cushing, Oklahoma storage hub, Reuters reported. more

December 28, 2012 -- upstreamonline
Iran starts naval drills in Strait of Hormuz
Iran started on Friday six days of naval drills in the Strait of Hormuz, manoeuvres aimed at showcasing its military capabilities in what is a vital oil and gas shipping route.
Naval commander Habibollah Sayyari said the "Velayat 91" drills would last until Wednesday across an area of about 1 million square kilometres in the Strait of Hormuz, the Gulf of Oman and northern parts of the Indian Ocean, the official IRNA news agency reported. more

December 27, 2012 -- upstreamonline
Lukoil 'cuts Iraq output goals'
Russian giant Lukoil said it has cut its oil production plan in Iraq by almost a third, in line with the Baghdad government's plans to increase the lifetime of its oilfields, according to a report.
Andrei Kuzyayev, head of Lukoil Overseas, told Russian state TV channel Rossiya-24 in an interview aired on Wednesday that Lukoil is now looking for peak production at the West Qurna-2 oilfield of 1.2 million barrels per day, not 1.8 million bpd as previously envisaged.
West Qurna-2 is the world's second-largest undeveloped field with recoverable oil reserves of around 14 billion barrels, according to Lukoil. more

This is not an investment site!
Please do not ask us for financial advice.

Full disclosure:     We are long or short on these securities     Dividend stocks     MLPs

2014 Tax Foundation's State Business Tax Climate Index
The 10 best states:
1. Wyoming
2. South Dakota
3. Nevada
4. Alaska
5. Florida
6. Washington
7. Montana
8. New Hampshire
9. Utah
10. Indiana
The 10 worst states:
41. Maryland
42. Connecticut
43. Wisconsin
44. North Carolina
45. Vermont
46. Rhode Island
47. Minnesota
48. California
49. New Jersey
50. New York
The Tax Foundation
December Employment:
Nonfarm payroll jobs up 74,000
Civilian labor force up 455,000
Employed down 347,000
Unemployment down .3 = 6.7
Employment-Population Ratio unc. at 58.6%
Employed
Employment hit a high point 146,595,000 in November of 2007. It declined to 142,187,000 in January 2009 and hit a low point of 138,401,000 nine months later in November. In December it was 144,586
Unemployment
Unemployment was 4.2% at the end of the .com bubble in January of 2001 when President Bush took office. It rose to 7.7% by January 2009. It reached a high of 10.1 in October of 2009. In December it was 6.7
Employment & Population Ratio
Roughly 63% of the population was employed until June of 2007 and the ratio of employed has steadily declined since then. In December it was 58.6
We give you the numbers -- You do the math.



Ignore this site at your peril!

What is the secretive
Trans Pacific Partnership Agreement


Economic Freedom of the World
1 Hong Kong
2 Singapore
3 New Zealand
4 Switzerland
5 Australia
6 Canada
7 Bahrain
8 Mauritius
9 Finland
10 Chile
11 United Arab Emirates
12 Ireland
12 United Kingdom
14 Estonia
15 Taiwan
16 Denmark
17 Qatar
18 United States
Economic Freedom of the World: 2012 Annual Report

The UN wants to take your rights and your money.

ICLEI - UN plan to rule the world.

UN Small Arms Control
UN Law of the Sea
UN Rights of Persons with Disabilities UN Rights of the Child

Control of World Oil
Outsourcing
US Terrorism

How can we destroy the US economy?
Seven Priorities for EPA's Future


Rebuild America!
Stop importing oil from Middle East & Venezuela.
Approve 2008 ConocoPhillips oil drilling plans.
Approve 2007 Keystone pipeline plans.
End all energy subsidies.
Fast track power plants: nuclear, wind, water, oil...
Permanently end cap & trade carbon tax schemes.
Guarantee energy bonds to successful companies.
Produce more energy -- Export coal.
End the ethanol for fuel -- Export corn.
Stop Financial foreign aid -- Send corn & wheat.

5 Best Countries To Start A Business In
1. New Zealand Rank last year: 1
2. Australia Rank last year: 2
3. Canada Rank last year: 3
4. Singapore Rank last year: 4
5. Hong Kong Rank last year: 6
INC Magazine

Best countries for paying taxes
1. Maldives
2. Quatar
3. Hong Cong
4. Singapore
5. Ireland
8. Canada
72. United States
The World Bank

12 Fastest Growing Economies of 2011
By: KeithTimimi Date: December 9, 2010
Ghana   -   20.146 %
Qatar   -   14.337 %
Turkmenistan - 12.178 %
China   -   9.908 %
Liberia   -   9.003 %
India   -   8.43 %
Angola   -   8.251 %
Iraq   -   7.873 %
Ethiopia   -   7.663 %
Mozambique   -   7.548 %
Timor Leste   -   7.4 %
Laos   -   7.395 %
EconomyWatch.com

The Great Global Warming Scam:
Oct 2012 -- Global warming stopped 16 years ago
Jan 2012 -- No Need to Panic About Global Warming
Jun 2011 -- Earth may be headed into mini Ice Age
Apr. 2011 -- NASA: warming trends caused by sun
Oct. 2010 -- Hal Lewis: Global Warming is a Scam
Oct. 2010 -- CA finds 340% diesel pollution error
Aug. 2010 -- InterAcademy Council investigation
Aug. 2010 -- "nations could be wasting billions"
Feb. 2010 -- Jones: "no global warming since 1995"
Feb. 2010 -- China: problems with IPCC documents.
Jan. 2010 -- Himalayan glaciers are not melting.
Dec. 2009 -- Gore: (email) "was from 10 years ago"
2009 -- Carbon Markets are a Sham
2009 -- The Infamous HARRY_READ_ME file
March 2009 -- EPA supresses CEI critique
2009 -- East Anglia's Climatic Research fraud
2007 -- Holdren "Global warming is a misnomer,"
2007 -- NASA's Goddard calculation errors
2003 -- The Mann/NOA IPCC Hockey Stick Hoax
-18000 -- Mile high Hudson Valley glaciers retreat

Proposed "budget"/fy/2012
Appendix Fiscal Year 2010

What would a $1 billion dollar bill look like?

World wide energy production is booming.
65 countries are building or planning to build nuclear power plants.


Global Growth of Nuclear


China National Nuclear Corporation and China Huaneng Group have started building the second 650 MWe Changjiang unit on Hainan island, due to be operational in mid 2015. (4 years)
Two more 700 MWe reactors under construction in India. They are expected to take 60 months to start-up, and a further six months to commercial operation. (5 years)
In the US "it is expected that 4-6 new units may come on line by 2018" (8 years)
China is adding one coal power plant each week!

Nuclear Renaissance Blossoms -- Without the USA
This summer China surpassed the United States as the world's largest producer of energy. What was noteworthy, however, is not what China has accomplished over the past 10 years -- doubling its energy capacity -- but what it is planning for its future.
Under construction now in China are 23 nuclear reactors, many originally of American design. The Chinese are building four Westinghouse AP1000s -- a model our Nuclear Regulatory Commission has not even approved yet. On the drawing boards are at least 30 more projects. By 2020, China's nuclear complex will be more than half the size of the U.S.'s aging fleet of 104. more
October 2010 -- William Tucker -- American Spectator


Compromise?
October 25, 2010 "We don't mind the Republicans joining us. They can come for the ride, but they gotta sit in back."
June 14, 2008 "If they bring a knife to the fight, we bring a gun,"

The Apollo Alliance
The Apollo Alliance is a powerful coalition of unions like the SEIU, along with “Social Justice” groups like ACORN and it’s myriad of underlings…(the largest radical group in America, with more than 400,000 dues-paying member families , and more than 1,200 chapters in 110 U.S. cities.)
The Alliance is united by their collective belief that America is a chief source of worldwide “environmental disruption, rising social inequity, and … fundamentalist anger.” Apollo Alliance’s endorsing organizations and partners include Greenpeace, the League of Conservation Voters, the Natural Resources Defense Council, the National Wildlife Federation, the Rainforest Action Network, the Sierra Club, the Union of Concerned Scientists, and, of course, ACORN. Apollo Alliance’s National Steering Committee and National Advisory Board members include, among others, Robert Borosage, Carl Pope of the Sierra Club, Julian Bond of the NAACP, Gerry Hudson of the Service Employees International Union, and U.S. Representative Jesse Jackson Jr. Apollo Alliance has also received strong support from the socialist Senator from Vermont, Bernie Sanders, and from Hillary Rodham Clinton. more..

"no more taxpayer-funded bailouts. Period."
President Obama signing financial reform measure. July 21, 2010
more..
The goyernment has NO money! All epenses and bailouts are, directly or indirectly, paid for by taxpayers!
Electric cars are coming!
Save the planet! Use clean electric energy!
The truth. US electricity comes from:
"Fossil" fuel: 71.2%
        Coal: 48.7%
        Petroleum: 1.1%
        Natural Gas: 21.4%
"Green" fuel: 25.8%
        Nuclear: 19.7%
        Hydro: 6.1%
        Sun/Wind: 3%
AND, electricity is expensive!

Basics of Global Control through Climate Control:
Global Governance: Agenda 21
UN Department of Economic and Social Affairs
Division for Sustainable Development
Rio de Janerio, Brazil, 3 to 14 June 1992.
Agenda 21 - text

October 06, 2009
U.S. Blocks Oil Drilling at 60 Sites in Utah
The Department of the Interior has frozen oil and gas development on 60 of 77 contested drilling sites in Utah,
Reasons included possible damage to the habitat of sage grouse, which is being considered for endangered species protection, and to avoid dust and noise pollution associated with drilling operations.
Jobs killed:
Engineering - determining hole locations
Construction - Access roads Onsite offices & storage
Manufacturing - Drill rigs Pipes & fittings Drill bits
Office - On-site & headquarters
Government - Site inspectors
Food service - On-site meals
Housing - Housing for new employees
Trucking -- Crude to refinery
Retail - Sales to new employees
Taxes & royalties lost
Lease income
Corporate income taxes
Employee income taxes
Employee sales taxes
Sales taxes on petroleum products
Thousands of potential jobs are killed through government regulations and restrictions.
Many existing jobs will be lost through the coming health care and cap & trade bills.
Memorable quotes:
"I'm trying to save the planet" -- Nancy Pelosi: July 29, 2009
"we have to pass the bill, so you can see what's in it..." -- Nancy Pelosi: March 10, 2010
"If the United States leads, China will follow" Al Gore. -- July 8, 2009



Energy divided by taxes and regulation equals jobs

Nitro-Pak Ultimate Pak Freeze-Dried Food

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