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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

December 27, 2012 -- upstreamonline
Noble sees drillship fix by next Arctic season
Rig contractor Noble Corporation expects to fix problems with the drillship Noble Discoverer identified by the US Coast Guard in time for Shell to resume its Arctic drilling operations in about six months.
The Coast Guard determined after a recent inspection that "several components and systems" aboard the drillship require attention.
The issues include problems with the ship's propulsion and safety management systems, Noble said. more

December 26, 2012 -- bloomberg -- Edward Klump
Exxon to Sempra Can Export Half of U.S. Home Gas Supply: Energy
Natural gas suppliers from Sempra Energy (SRE) to Exxon Mobil Corp. (XOM) are fighting for the first U.S. export permits after a study said selling some of the fuel to Asia will benefit the economy more than consuming it domestically.
They could win approval for projects to ship about 6 billion cubic feet a day of liquefied natural gas by 2025, according to estimates by consultants including Tudor Pickering Holt & Co. That amount of LNG would supply about half the current U.S. residential market and is worth $93 million a day at Japan's current import price, a global benchmark.
The government-sponsored study released Dec. 5 gave a green light to exports, saying they shouldn't delay North America's possible energy independence in coming decades based on shale discoveries. more

December 21, 2012 -- PRNewswire
Cheniere Partners Enters into Lump Sum Turnkey Contract with Bechtel for Trains 3 and 4 at Sabine Pass Liquefaction
Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) announced today that its subsidiary, Sabine Pass Liquefaction, LLC ("Sabine Liquefaction"), and Bechtel Oil, Gas and Chemicals, Inc. ("Bechtel") have entered into a lump sum turnkey contract for the engineering, procurement and construction of the third and fourth liquefaction trains to be constructed adjacent to the Sabine Pass LNG termina more

December 20, 2012 -- upstreamonline
ConocoPhillips in $1.79bn Nigeria exit
ConocoPhillips will sell its Nigerian onshore and offshore operations in Nigeria to Oando Energy Resources for about $1.79 billion, the companies said.
The Houston-based supermajor is in the process of selling off billions of dollars worth of assets so it can focus its attention on cheaper domestic exploration and production.
Nigeria- and Gulf of Guinea-focussed Oando said it paid a $435 million cash deposit to ConocoPhillips upon signing the deal announced late Thursday. more

December 20, 2012 -- upstreamonline
Gulfport Energy in $372m Utica splurge
Oklahoma’s Gulfport Energy Corporation has splashed out $372 million to acquire 37,000 net acres in the Utica Shale formation in eastern Ohio.
The Nasdaq-listed explorer said it had increased the scope of the deal from a $302 million agreement initially inked on Monday with Windsor Ohio, an affiliate of limited partnership Wexford Capital. more

December 20, 2012 -- upstreamonline
Petrobras aims to trim $15.4bn by 2016
Petrobras aims to trim company costs by 32 billion reais ($15.4 billion) by targeting a range of objectives in its upstream, downstream and power segments, the company said Wednesday.
In its upstream unit, the Brazil state-led oil company will aim to improve the efficiency of offshore production equipment, cut costs in onshore well interventions, reduce the count of vessels serving offshore units and increase productive days for workovers. more

December 20, 2012 -- The Associated Press
Study: Shale gas may create 58K jobs
MORGANTOWN, W.Va. -- A pro-industry group said Wednesday that if it's allowed to continue, shale-gas development in West Virginia could support more than 29,000 jobs by 2020, doubling to 58,000 by the year 2035.
The new report issued by the U.S. Chamber of Commerce's Institute for 21st Century Energy says the natural gas industry has already created more than 11,800 direct and indirect jobs in the state and generated about $283 million this year alone in tax revenue more

December 18, 2012 -- upstreamonline
Mexico oil output hits near two-year high
Mexico produced an average of 2.577 million barrels per day of crude oil in November, the highest level since January 2011 and up 1.4% from October, state oil company Pemex said on Tuesday.
The boost in production from October's average of 2.542 million bpd was due to better performance in offshore projects like Yaxche, Chuc y Tsimin Xux in Mexico's southwest region, and the aging but still highly productive Ku Maloob Zaap fields in the Bay of Campache, Reuters reported. more

December 18, 2012 -- upstreamonline
Moody's cuts Petrobras outlook to negative
Credit-ratings agency Moody's Investors Service said late Monday that it had cut its credit outlook for Brazilian state-run energy giant Petroleo Brasileiro, raising concerns that the company's prized investment-grade credit rating could be in danger.
Moody's changed the outlook for Petrobras to "negative" from "stable," citing rising debt levels and growing uncertainty over how quickly the oil company can bring new production onstream, Dow Jones reported. more

December 18, 2012 -- upstreamonline
GE adds second subsea hub in Bristol
GE Oil & Gas has said it will add a second operations hub to its UK subsea systems business in Bristol, creating 200 jobs for engineers, project managers and commercial staff.
The expansion is a direct response to the growth being experienced by the organization’s subsea business, a trend that it expects to continue in future years,” GE Oil & Gas said of the investment. more

December 18, 2012 -- upstreamonline
ConocoPhillips sells Algerian arm for $1.75bn
US giant ConocoPhillips has agreed to sell its Algerian subsidiary for $1.75 billion to Indonesian state oil player Pertamina.
ConocoPhillips’ Don Wallette said the deal was another step in the company’s transformation process, which now extends to asset sales worth around $7 billion this year including pending disposal agreements.
The Houston-based explorer said it had placed a book value of around $850 million on its Algerian assets prior to the pending sale, which is expected to close by mid-2013. more

December 18, 2012 -- upstreamonline
LGI partners with GeoPark in Colombia
Korea’s LG International (LGI) is growing its presence in Latin America through a new partnership in Colombia with London-listed GeoPark Holdings.
GeoPark confirmed on Tuesday that LGI had acquired a 20% stake in its Colombian subsidiary, GeoPark Colombia SA, whose assets in the country includes interests in 10 hydrocarbon blocks. more

December 17, 2012 -- upstreamonline
N. Dakota oil output grows in Octobe
North Dakota's oil production hit another record high in October, rising by nearly 18,000 barrels per day from September to just under 750,000 bpd, the state department of mineral resources said on Monday.
Most of the output came from shale oil in the state's Bakken and Three Forks shale formation, where output rose by a little more than 19,000 bpd in October to just over 682,000 bpd, the regulator's data showed, Reuters reported. more

December 13, 2012 -- Rebecca Terrell
New Report: Man-made Global Warming Is a Farce
The notion of the "new normal" of extreme weather is a farce, according to a recent report by the environmental group Committee for a Constructive Tomorrow (CFACT). Extreme Weather Report 2012 was presented at the latest UN Climate Conference in Doha, Qatar, but the only press this landmark study received was when British politician and author Lord Christopher Monckton was kicked out of the conference for presenting it. more

December 12, 2012 -- upstreamonline.com
Lugar proposes NATO gas exports
The US Congress should give European allies access to burgeoning supplies of US natural gas, according to Republican Senator Richard Lugar, who is proposing a new law that he believes improve energy security in a critical region. more

December 12, 2012 -- upstreamonline.com
Golden Gate cheers Bowtie West flows
Oil condensate and gas is being produced from the primary Vicksburg sandstone reservoir in the Sugar Valley-1 well at the Bowtie West project in Matagorda County, Texas. more

December 12, 2012 -- upstreamonline.com
US delays fracking rules for federal lands
The US government has delayed finalising rules that expand its oversight of hydraulic fracturing on public lands because officials must evaluate a torrent of public comment on the proposals, the Obama administration said on Tuesday.
....The rules would not affect drilling on private lands, where most fracking takes place, but the administration has said it hopes the regulations will provide a template for state drilling laws. more

December 12, 2012 -- world-nuclear-news
Germany faces multibillion-Euro grid bill
The massive expansion of Germany's electricity networks to cope with the country's transition away from nuclear to a high share of renewable energy will require investments of up to €42.5 billion ($55.4 billion) by 2030, according to a newly released study.
Germany embarked on a path to low-carbon generation with high reliance on renewable energy following political decisions to phase out nuclear power, on which it had hitherto relied for around a quarter of its electricity, in the wake of the 2011 Fukushima nuclear accident in Japan. However, the country's existing grid is not up to the task of accepting a large share of electricity from solar and wind plants. more

December 11, 2012 -- upstreamonline.com
Chesapeake inks $2.16bn midstream sale
Cash-strapped Chesapeake Energy has agreed to sell "a substantial majority" of its remaining midstream assets to Access Midstream Partners for about $2.16 billion in cash.
The assets - which include gas-gathering, processing and fractionation facitilites - will give Access a presence in the Eagle Ford, Utica and Niobrara liquids-rich plays and will bolster its current existing position in both the Haynesville and Marcellus dry gas plays. more

December 11, 2012 -- upstreamonline.com
BHP Billiton in $1.63bn Browse sale
BHP Billiton has agreed to sell its stake in the Browse liquefied natural gas project to Chinese oil and gas producer PetroChina for $1.63 billion, the second partner to leave the project in recent months. more

December 11, 2012 -- upstreamonline.com
Spectra inks $1.49bn Express-Platte deal
Spectra Energy said on Tuesday it will spend $1.49 billion to buy the Express-Platte System, one of the three major pipelines that move crude oil from Western Canada to refineries in the Rocky Mountain and Midwest regions in the United States. more

December 11, 2012 -- upstreamonline.com
EIA: US oil production rising at record rate
US crude oil production is rising at the fastest rate in history, the US Energy Information Administration said on Tuesday, as the shale oil revolution pushes output toward a 20-year high next year.
US production will rise by more than 13% to 6.4 million barrels per day in 2012, Reuters reported the EIA as saying in its monthly Short-Term Energy Outlook.
The 760,000 bpd rise should be the largest since commercial crude oil production began in the United States in the 1850s, the EIA said. more

December 11, 2012 -- upstreamonline.com
ExxonMobil: North America seen 'net energy exporter' by 2025
North America is "likely" to become a net exporter of energy by 2025, ExxonMobil said Tuesday in its annual energy outlook.
Surging shale gas and other unconventional resources will help propel the changes, leading to US economic and manufacturing strength, as well as more trade with Asia and Europe.
Meanwhile overall energy demand will grow by 35% by 2040, ExxonMobil said. more

December 11, 2012 -- upstreamonline.com
Rosetta eyes Eagle Ford liquids spend
US independent Rosetta Resources said it plans to spend about $700 million in 2013 with most of that allocated to its operations in the Eagle Ford shale play of South Texas.
In total, Rosetta will spend about $600 million, or more than 85% of its budget, in the liquids-rich window of the Eagle Ford. That includes about $55 million on facilities projects. more

December 10, 2012 -- William F. Jasper
UN Summit Fails to Enact "Complete Transformation" of the World
The United Nations Climate Change Conference in Doha, Qatar, concluded on Saturday, December 8, accomplishing somewhat less than “a complete transformation of the economic structure of the world,” a goal that conference chief Christiana Figueres had announced at the start of the global summit. more

December 10, 2012 -- world-nuclear-news
Japan sees emissions rise
Increased use of fossil fuels for power generation was the main driving force behind a rise in Japanese greenhouse gas emissions for 2011, even though the country saw a fall in manufacturing output.
With nuclear plants out of action, Japan is relying on thermal generation like the Futtsu LNG plant (Image: Tepco)
Preliminary figures for the 2011 financial year released by Japan's Ministry of the Environment show total greenhouse gas emissions of 1307 million tonnes of carbon dioxide equivalent. This is 49 million tonnes more than in 2010, an increase of 3.9%. It is also up 3.6% from 1990 figures, the base year under the Kyoto protocol. more

December 5, 2012 -- world-nuclear-news
Levelling the playing field of grid cost
The widely differing costs of supplying electricity from different generating options to the grid must play a part in future energy decisions, and must be internalised for each low-carbon generation option, according to a new report by the OECD Nuclear Energy Agency (NEA).
.....The study considers six technologies in detail: nuclear, coal, gas, onshore wind, offshore wind and solar. It finds that the so-called dispatchable technologies - coal, gas and nuclear - have system costs of less than $3 per MWh, while the system costs for renewables can reach up to $40 per MWh for onshore wind, $45 per MWh for offshore wind and $80 per MWh for solar. The costs for renewables vary depending on the country, technology and penetration levels, with higher system costs for greater penetration of renewables. more

December 5, 2012 --
Nuclear and hydro the core of sustainability
The most sustainable national power systems in the world combine nuclear with hydro for mass low-carbon generation, a World Energy Council study shows.
WEC's Energy Sustainability index compared 90 countries in terms of the so-called trilemma that every government faces in setting its energy policy: balancing the needs for energy supply to be reliable, socially equitable and environmentally acceptable. more

November 30, 2012 --
Shelf closes deal for Transocean rigs
Privately held newcomer Shelf Drilling has closed on a $1.05 billion dollar deal with Transocean to buy dozens of vessels from the rig-owning giant.
Shallow water-focussed Shelf agreed in September to buy 37 jack-up rigs, one swamp barge, and associated operations from Transocean. The deal closed under the terms initially agreed.
Shelf is headquartered in Dubai and has operating bases in Thailand, Malaysia, Indonesia, Vietnam, India, Nigeria, Gabon, Angola, Egypt, Saudi Arabia and Italy. more

November 30, 2012 -- thenewamerican
Buchanan, in N.H., Laments "Fragmentation" of America
Journalist, author, and three-time presidential candidate Patrick J. Buchanan reminisced about his half-century in journalism Thursday night, while lamenting what he described as the decline of the "e pluribus unum" (out of many, one) ethos in America. Returning to the state where he won the opening primary in the 1996 presidential campaign, Buchanan told an audience in Concord, New Hampshire that a growing factionalism is sundering the foundations of national unity. more

November 30, 2012 -- DailyMail
Reminder: Global warming stopped 16 years ago, reveals Met Office report quietly released... and here is the chart to prove it
The figures reveal that from the beginning of 1997 until August 2012 there was no discernible rise in aggregate global temperatures
This means that the ‘pause’ in global warming has now lasted for about the same time as the previous period when temperatures rose, 1980 to 1996 more

November 27, 2012 -- upstreamonline
Noble Energy strikes it lucky with Big Bend
Houston independent Noble Energy has said it has struck around 150 feet of net oil pay with its Big Bend exploration probe in the deep-water US Gulf of Mexico.
Chief executive Charles Davidson said the well results “appear at least as good as our pre-drill mean resource expectations”, with “excellent reservoir properties and fluid characteristics”. more

November 26, 2012 -- upstreamonline
Japan hits the gas
Japan is now the world’s largest consumer of liquefied natural gas (LNG), as Japan’s utilities struggle to provide electricity to their customers while unable to use their idled nuclear capacity. Kansai Electric Power Co. has announced a 15-year purchase agreement for 500,000 tonnes of LNG from BP Singapore, and Kyushu Electric Power Co. has joined with Kansai in a one-year agreement to purchase one million tonnes of coal from the United States. Kansai has applied for permission to raise electricity prices 12% to households and 19% commercially to offset the costs of its soaring fossil fuel imports – an extra $5.4 billion per year. Tepco has had an 8.5% domestic price rise approved after applying for 10.3%, and Kyushu has applied for 8.5%. more

November 26, 2012 -- NAM
EPA Regulations Will Hurt Economic Growth
The National Association of Manufacturers (NAM) today released a new study, A Critical Review of the Benefits and Costs of EPA Regulations on the U.S. Economy, which finds six major Environmental Protection Agency (EPA) regulations will cost manufacturers hundreds of billions of dollars and cause the loss of several million jobs. The study, conducted by ndp|consulting, also finds these regulations will produce negative net benefits to society. more

Pravda - Xavier Lerma - 19.11.2012
Obama's Soviet Mistake
Putin in 2009 outlined his strategy for economic success. Alas, poor Obama did the opposite but nevertheless was re-elected. Bye, bye Miss American Pie. The Communists have won in America with Obama but failed miserably in Russia with Zyuganov who only received 17% of the vote. Vladimir Putin was re-elected as President keeping the NWO order out of Russia while America continues to repeat the Soviet mistake. more

Economic Freedom of the World: 2012 Annual Report
The United States, long considered the standard bearer for economic freedom among large industrial nations, has experienced a substantial decline in economic freedom during the past decade. From 1980 to 2000, the United States was generally rated the third freest economy in the world, ranking behind only Hong Kong and Singapore. After increasing steadily during the period from 1980 to 2000, the chain linked EFW rating of the United States fell from 8.65 in 2000 to 8.21 in 2005 and 7.70 in 2010. The chain-linked ranking of the United States has fallen precipitously from second in 2000 to eighth in 2005 and 19th in 2010 (unadjusted ranking of 18th). more

November 26, 2012 -- EPA
School Bus Company to Implement Anti-Idling Program and Pay Penalties under the Clean Air Act
To settle EPA’s claims of excessive diesel idling in Connecticut and Rhode Island, a family of bus companies will commit to reduce idling from its school bus fleet of 7,500 buses operating in 16 states.
....the companies will pay a $35,000 penalty and perform environmental projects valued at $131,000. more

November 26, 2012 -- world-nuclear-news
Pemex makes onshore discovery
Mexican state oil company Pemex has made a light oil discovery in the country’s onshore Southeast basin.
The Navigante-1 well was drilled to a total depth of 6800 metres and hit localised light crude of 45 degree API.
According to Pemex, Navigante-1 is estimated to hold up to 500 million barrels of oil equivalent in proven plus probable plus possible reserves, with Mexican President Felipe Calderon saying the find was one of the largest onshore oil discoveries in Mexico in the past 10 years. more

November 26, 2012 -- world-nuclear-news
First site licence for UK new build
The UK's Office for Nuclear Regulation (ONR) has granted a site licence for EDF Energy's planned Hinkley Point C power station. It is the first new site licence to be awarded for a UK nuclear power station in 25 years, although further consent will be needed before construction can begin. more

November 26, 2012 -- world-nuclear-news
Fossil costs drive Kansai rate hike
As all but two of the country's nuclear reactors remain shut down, the Kansai Electric Power Company (Kepco) has today applied to Japan's Ministry of Economy Trade and Industry (METI) to raise the region's household electricity prices by 12% in order to offset soaring fossil fuel imports.
Kepco's outlook for the period 2013 to 2015 clearly sets out the impact of the fuel switch that has resulted from the idling of nine of the company's eleven reactors. more

November 21, 2012 -- upstreamonline
KBR lands Canadian gig
Houston-based engineering and construction company KBR has been awarded two contracts on Syncrude Canada’s Fluid Fine Tailings – Centrifuging Full Scale Plant (FFT-CFSP) in Fort McMurray, Alberta.
KBR’s Canadian subsidiary, KBR Industrial Canada, will provide constructability, module fabrication and construction services for the FFT-CFSP. more

November 20, 2012 -- upstreamonline
Land-rig outfit to go public after merger
Houston-based Integrated Drilling Equipment (IDE) has merged with Empeiria Acquisition in a move that will allow the land-rig service company to go public.
Under the terms of the merger agreement, IDE stockholders will exchange their shares in the company for an aggregate number of newly issued shares of Empeiria common stock, as well as a cash consideration of $20 million. more

November 20, 2012 -- upstreamonline
Chevron accuses critic of ethics violation
Chevron is lashing out at one of its most vocal critics, New York state comptroller Tom DiNapoli, accusing the elected official of taking campaign cash in return for his tough stance on the US supermajor’s ongoing litigation in Ecuador. more

November 20, 2012 --
China set for 'revolution' in nuclear power
CHINA is on track to become the world's largest generator of nuclear power between now and some time in the 2020s, a senior Rio Tinto executive says.
Rio Tinto Energy's general manager of markets and industry analysis, Stephen Wilson, said China was now about the eighth or ninth largest nuclear energy producer. more

November 16, 2012 -- upstreamonline.com
Iraq 'keen' on Lukoil, CNPC for West Qurna bids
Iraq would favour bids by Russia's Lukoil and China's CNPC if they decided to buy ExxonMobil's stake in the super-giant West Qurna-1 oilfield, a senior oil ministry official said on Friday, according to a report.
A sale of the stake to either company would significantly strengthen the position of Russia or China in exploiting Iraq's oil reserves, the world's fourth biggest. more

November 16, 2012 -- upstreamonline.com
ExxonMobil lends support to US carbon tax
US supermajor ExxonMobil is part of a growing coalition backing a carbon tax as an alternative to costly regulation, giving newfound prominence to an idea once anathema in Washington.
Conservative economists and fossil-fuel lobbyists united in 2009 to fend off climate-change legislation that would have established a cap-and-trade mechanism. They are now locked in a back-room debate over a tax on carbon-dioxide emissions that could raise an estimated $100 billion in its first year. more

November 16, 2012 -- upstreamonline.com
BP spends big off Nova Scotia
BP has committed a whopping $1.05 billion of work expenditure after netting four offshore blocks in Nova Scotia's latest bid round.
The monster spend comes the day after the UK supermajor reached settlements with both the US Department of Justice and the Securities & Exchange Commission which totalled over $4.5 billion. more

November 15, 2012 -- guardian.co
Double-dip recession confirmed in eurozone
Eurozone GDP fell by 0.1% in third quarter, plunging region into recession that economists fear could drag into next year
The eurozone has tumbled into a double-dip recession as the crisis in Portugal, Spain and Greece spreads to other countries in the currency bloc. more

9:00AM EST -- November 15, 2012
Unemployment claims 439,000 highest level in 18 months.

November 14, 2012 -- upstreamonline.com
Murphy adds to Canada holdings
Murphy Oil has signed an agreement to buy up more than 148,000 net acres from Shell in Seal Lake, Alberta and take over operatorship, the company said Tuesday.
The US-listed explorer said the assets have an estimated 14 million barrels of oil equivalent of proved and probable reserves, and are producing 2200 barrels of oil equivalent per day. more

November 13, 2012 -- upstreamonline.com
Kabe takes Mississippian plunge
US minnow Kabe Exploration has signed a letter of intent to buy at least 1500 acres prospective for the Mississippi Lime in Cowley County, Kansas.
It marks Kabe's first step in a proposed development of up to 50 horizontal Mississippian wells. The company said it plans to expand its position in the play by as many as 15,000 acres. more

November 13, 2012 -- upstreamonline.com
BP, AAR agree to drop legal wrangles
BP and the Alfa Access-Renova consortium have both hailed the settlement ending their long-running legal wrangle as the best way forward for their respective multi-billion stake sales of TNK-BP to Russian state player Rosneft.
"Today's agreement allows both AAR and BP to move forward and focus on the future," commented BP Russia boss David Peattie to Reuters. more

November 13, 2012 -- upstreamonline.com
Iran output rebounds after seven-month fall: IEA
Iranian oil output has rebounded after seven months of decline, with sales also back on the rise thanks to new deals with China and South Korea, according to the International Energy Agency.
Exports jumped to 1.3 million barrels per day from 1.0 million in September and in August.
more

November 13, 2012 -- By Keith Kohl
Oil Shale's Real Enemy -- The Oil that Never Was
Not even a week passed before the Department of the Interior squelched almost two million acres of federal land slated for oil shale development.
The area — part of which was made available during George W. Bush's final days in office — is home to the world's largest oil shale deposit: more

November 13, 2012 -- Rob Gillies, Associated Press
Canada Views U.S. Oil Boom As Wakeup Call
Canada's Natural Resources minister said a report that says the U.S. will become the world's largest oil producer by the end of the decade should serve as a wakeup call that dramatically illustrates the need for Canada to diversify its energy exports
Canadian Natural Resources Minister Joe Oliver notes 98 percent of Canada's oil exports and 100 percent of its gas exports go to the U.S. more

November 12, 2012 -- upstreamonline.com
Brent prices slide below $109
Brent oil slipped below $109 a barrel on Monday due to demand growth concerns as President Barack Obama struggles to reach a deal to avert a looming US fiscal calamity, overshadowing upbeat data from key consumer China.
Worries about the US tipping into recession due to the "fiscal cliff" of about $600 billion in expiring tax cuts and spending reductions - scheduled to take effect in January - weighed across financial markets, pushing Japan's Nikkei average to a four-week low and limiting movement in other Asian equities. more

November 12, 2012 -- upstreamonline.com
Seadrill inks $1.18bn Husky deal
Husky Energy has firmed up its mooted long-term charter of a Seadrill newbuild rig for operations off Canada and Greenland.
The Norwegian rig owner also looks set to make a further splash in the ultra-deepwater rig market with related company North Atlantic Drilling possibly joining a bid for further units.
Numerous reports in recent weeks have pointed to Husky taking one of Seadrill’s ultra-deepwater semi-submersible newbuilds for work off Canada. more

November 11, 2012 -- aclj.org/american-heritage
Mojave Desert Cross Rededicated on Veterans Day
A historic war memorial known as the Mojave Desert Cross was returned to its rightful place in a fitting Veterans Day ceremony at Sunrise Rock.
The nearly 80-year-old war memorial cross had been at the center of a decade-long legal battle as the ACLU sought to have it removed from what was then federal land. The case went all the way to the Supreme Court, and the high Court overturned a lower court ruling which had held the cross unconstitutional.
Earlier this year, a settlement was reached transferring ownership of the property on which the memorial sits from federal to private hands. more

November 11, 2012 -- whatsnextvenezuela.com -- Reuters
Venezuela, the bane of human rights
On Monday, new members will be selected for the United Nations Human Rights Council, the top-level group for the protection and promotion of human rights. Its members have not always been paragons of respect for human dignity. Those leaving the 47-member council at the end of this year include China, Cuba and Russia. But up for a seat this time is a truly unqualified candidate, Venezuela. Its strongman president, Hugo Chávez, has brazenly trampled human rights in his quest for power and political control. more

November 9, 2012 -- world-nuclear-news
Celtic posts wider loss on low natgas prices
Oil and gas producer Celtic Exploration, which is being acquired by Exxon Mobil, on Friday reported a wider third-quarter loss due to lower natural gas prices.
.....ExxonMobil agreed to buy Celtic for C$2.6 billion in October to raise its presence in some of Western Canada's most promising shale oil and gas regions. read more

November 9, 2012 -- world-nuclear-news
SEC denies stay request on Section 1504
US securities regulators denied a request to delay new rules that will require oil, gas and mining companies to disclose payments to foreign governments, after business groups also sued to force changes to the rule. read more

November 9, 2012 -- thenewamerican.com
Obama Reelection Boosts Gun Stocks and Sales
Although many stocks traded on the New York Stock Exchange suffered a significant drop in their value on the day after Barack Hussein Obama was reelected president of the United States, there was one industry that experienced a significant boost: small arms manufacturers. With the president threatening to further interfere with the rights of American citizens to keep and bear arms, those citizens are acting quickly to procure as many firearms as they can, and the companies that manufacture those firearms will have a hard time keeping up with demand. read more

November 9, 2012 -- world-nuclear-news
Czech Republic looks to more nuclear
The Czech Republic will work to cut its reliance on coal and increase nuclear to supply half of its energy needs under a new long-term energy policy unveiled by prime minister Petr Necas. read more

November 8, 2012 -- upstreamonline
Canadian Natural OKs $5.7bn upgrader
Canadian Natural Resources and its partner, North West Upgrading, said on Thursday they are proceeding with a C$5.7 billion ($5.7 billion) oil sands upgrading plant in Alberta at a time when some of their rivals are slowing down spending over fears of high costs. read more

November 8, 2012 -- upstreamonline
Venezuela sees supermajor rulings in late 2013
Venezuela expects international arbitration rulings by late 2013 in multi-billion claims by ExxonMobil and ConocoPhillips over nationalizations by President Hugo Chavez's government, the oil minister said according to a report. read more

November 8, 2012 -- upstreamonline
Opec admits impact of shale oil on supply
Opec acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for crude would rise more slowly than it had previously expected, according to a report. read more

November 6, 2012 -- Delphi
Get ready for inflation. Buy American Gold Eagles and American Silver Eagles

November 6, 2012 -- controlglobal.com
Rockwell Automation Has a Plan to Elevate Manufacturing's Performance
"The coming decade will be the first in 200 years when emerging-market countries contribute more growth than the developed ones," began Keith Nosbusch, Rockwell Automation's chairman and CEO, in his annual address to the trade media in preparation for the company's Automation Fair event later this week in Philadelphia. read more

November 2, 2012 -- Delphi
More fuzzy math:
Non-farm payroll jobs up 171,000 in October but the civilian labor force up by 578,000. With employed up by only 410,000 the unemployment rate rose to 7.9%. (Higher than it was when President Obama took office on January 20, 2009) details

November 1, 2012 -- world-nuclear-news
EU to raise nuclear research spending
Average annual funding for nuclear research is expected to grow almost 15% under the European Union's (EU's) planned Horizon 2020 program. Fusion programs account for nine-tenths of the budget.
Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 initiative aimed at securing Europe's global competitiveness. Running from 2014 to 2020 with an €80 billion ($104 billion) budget, the EU's new program for research and innovation is part of the drive to create new growth and jobs in Europe. read more

November 1, 2012 -- heritage.org
Administration Ignores Law, Delays Exposing New Regulations
After three years of hyper-regulation, the Obama Administration has noticeably slowed its rulemaking in recent months. A variety of major rules have been parked in prolonged "review" by the White House, while the regulatory agenda required by statute has failed to materializetwice. This flouting of the law is disturbing enough, but it’s made worse by the mounting regulatory uncertainty that has ensued.
read more

October 31, 2012 -- upstreamonline
Shell wraps 2012 Arctic drill programme
After several weeks of work, Shell has wound down its brief stint of drilling activity off Alaska for the season, the company said Wednesday.
"The mandatory close of the offshore Alaska drilling window brings to an end a season in which we, once again, demonstrated our ability to drill safely and responsibly in the Arctic," a spokeswoman said Wednesday.
Shell's bid to explore off Alaska had been tied up for years in permitting delays and court challenges, but finally advanced to action in 2012 after regulators approved limited tophole work. read more

October 26, 2012 --
Final permit for new US mine
The Wyoming Department of Environmental Quality (DEQ) has issued Uranerz with a permit to drill deep disposal wells at the Nichols Ranch in-situ recovery (ISR) mine in Wyoming's Powder River Basin. This, the company said, was the last permit required to begin operations and commercial uranium production at the mine. read more

October 25, 2012 --
Canadian reactor returns to service after four years
The 635 MWe Point Lepreau Candu-6 reactor in New Brunswick has been grid-connected after a 54-month refurbishment which ran about $1 billion over budget and took three times as long as originally planned. Its operation will be extended by 25 years. The provincial government is attempting to get the federal government to cover the cost overruns. For the first time in 17 years all 20 of Canada’s reactors are now operating, with 14,169 MWe net on line. read more

October 24, 2012 --
Marathon confirms Athabasca sale bid
US independent Marathon Oil has confirmed that it is in talks for the sale of part of its 20% stake Canada’s Athabasca oil sands project.
Although the company has not named interested parties, Indian state-owned Oil & Natural Gas Corporation was earlier reported to be planning to approach Marathon about acquiring half of the holding.
Marathon said on Wednesday it was “engaged in discussions” for a potential sale, though it said possible proceeds have not been included in its guidance for planned divestments of $1.5 billion to $3 billion through 2013 to streamline its portfolio. read more

October 24, 2012 --
US 'could take lead' in global oil output
The US is on pace to overtake Saudi Arabia as the world's biggest crude producer, a report has claimed.
US production of crude and other liquid hydrocarbons is expected to rise about 7% from a year ago to an average of 10.9 million barrels per day, marking what would be the biggest one-year gain since 1951 and the fourth consecutive annual increase, the Associated Press reported.
The Energy Department sees US output of crude and biofuels averaging a record 11.4 million bpd in 2013, putting it just below top producer Saudi Arabia levels of 11.6 million bpd. By 2020, the US could be producing between 13 million and 15 million bpd, according to Citibank. read more

October 19, 2012 -- Fang Shihan -- economywatch.com
Asia Moving Beyond Manufacturing, to Innovation
Asia is moving beyond being a manufacturing hub of the world to its next stage of growth driven by innovation, said attendees and speakers at the Techventure 2012 conference in Singapore
But can Asia, as a whole, successfully navigate a shift away from localising products to wealth creation via innovation, invention and intellectual property? read more

October 19, 2012 -- world-nuclear-news
Fuel loading at Ningde 1
The first core of nuclear fuel is being loaded at China's newest power reactor, Ningde 1 in Fujian province. Construction on the unit began less than four years ago.
The reactor is slated to begin operation in December this year, 44 months after the pouring of first concrete that marked the official start of construction in February 2008. read more

October 18, 2012 -- emergingmoney.com
BP exit will leave a considerably fattened Rosneft sitting pretty
Despite being highly profitable, the TNK-BP partnership between BP and Russian oligarchs represented by AAR has been dogged by constant squabbling, and is set to dissolve imminently. State oil company Rosneft (RNFTF, quote) is poised to swoop on both sides’ assets.
...Rosneft, led by deputy prime minister and Vladimir Putin crony Igor Sechin, has now submitted a bid today to buy the remaining 50% of TNK-BP from BP for a mix of cash and shares. read more

October 18, 2012 -- world-nuclear-news
Refurbished Bruce approaching full strength
The second unit at the refurbished Bruce A nuclear power plant has sent electricity to the Canadian grid for the first time in 17 years, five months after its restart was postponed because of generator problems.
The grid synchronisation of Bruce A2 signals the final stages of commissioning the 750 MWe Candu after seven years of refurbishment. This saw the replacement of all its pressure tubes and calandria tubes, electrical system upgrades, and the first ever replacement of a steam generator at a Canadian nuclear plant. read more

October 18, 2012 -- world-nuclear-news
UK Energy Bill approaches
The British government has moved to reassure energy market players ahead of an Energy Bill that will bring a program of reforms next month. A market for capacity is planned, alongside feed-in tariffs and the contract for difference scheme.
Key to maintaining the country's power supply will be consistent private investment in new nuclear and renewable generation capacity, which the government wants to help by supporting certainty on returns. read more

October 18, 2012 -- heritage.org
Taxpayer-Backed Green Energy Failures
Green-energy supporters’ (from both parties) foray into venture capitalism has not gone well.
...So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher. read more

October 17, 2012 -- upstreamonline
AAR 'nears $28bn TNK-BP sale to Rosneft'
A group of Russian shareholders in BP's joint venture in the country have signed an outline agreement to sell their stake in the company to compatriot oil giant Rosneft for $28 billion, a report has claimed.
The quartet of oligarchs in the AAR consortium, which owns half of TNK-BP, inked an agreement with Rosneft in Moscow on Tuesday night, according to UK broadcaster Sky News.
The report clarifies, however, that the outline agreement is not final and could be pulled.
BP has already decided to sell its stake in the joint venture with a cash-plus-shares deal with Rosneft likely. read more

Bin Laden is dead! Terrorism is alive and expanding!
October 17, 2012 -- newsmax.com
FBI Arrests Islamist in Federal Reserve Bomb Plot
A Bangladeshi man was arrested for allegedly plotting to bomb the New York Federal Reserve in lower Manhattan as part of a sting operation by federal authorities who provided the suspect with fake explosives.
Quazi Mohammad Rezwanul Ahsan Nafis, 21, was arrested today in an undercover operation after he attempted to detonate what he believed to be a 1,000-pound bomb, according to the FBI’s Joint Terrorism Task Force. Located at 33 Liberty Street, the bank is just a few blocks from the site of the former twin towers at the World Trade Center, which were destroyed in terrorist attacks on Sept. 11, 2001. read more

October 16, 2012 -- Justin Hyde -- Motoramic
Battery builder A123 Systems that won $249 million federal grant files for bankruptcy
No company has embodied Washington's hope for an American-built electric vehicle business like A123 Systems. The Massachusetts-based company was supposed to become the leading home-grown supplier of lithium-ion batteries for automakers in the United States and around the world -- fueled in part by a $249 million grant from the Obama administration. Today, A123 Systems filed for bankruptcy, saying much of its assets would be sold after losing $857 million over the past several years. read more

October 15, 2012 -- world-nuclear-news
France needs more electricity, not less nuclear
EDF chief Henri Proglio has positioned electricity as "the energy of the future" while the country prepares to debate an 'energy transition'.
"How can we talk of mix yet not mention how much energy we would require? Is it not the proper question to ask where electricity would be produced, rather than the question of how we remove an existing means of production?" asked Proglio. read more

October 15, 2012 -- dailymail.co.uk
Global warming stopped 16 years ago, reveals Met Office report quietly released... and here is the chart to prove it
The figures reveal that from the beginning of 1997 until August 2012 there was no discernible rise in aggregate global temperatures
This means that the ‘pause’ in global warming has now lasted for about the same time as the previous period when temperatures rose, 1980 to 1996 read more

October 12, 2012 -- upstreamonline.com
US oil workers wages soar
Oil and gas workers in the US saw their pay increase at a faster rate than any other sector thanks to booming production in the country, according to a new report.
Wages in the oil, gas and mining industries rose by 4.9% in the past year, according to Payscale, which analyses data from more than 10 million US workers.
The next closest sector was utilities, where wages rose by 4.4%. read more

October 8, 2012 -- usatoday.com
N. Dakota oil output passes 700,000 bpd
Oil production in North Dakota hit another milestone in August, surpassing the 700,000 barrel-per-day mark for the first time in the state's history, data from the state Industrial Commission showed on Wednesday.
The state's oil output was near 701,000 bpd in August and fast approaching that of Opec-member Qatar, which produced 770,000 bpd that month, Reuters reported.
Most of this was from the Bakken and Three Forks shale prospects, where production rose to just above 635,000 bpd, the data also showed.
read more


October 8, 2012 -- usatoday.com
Opponents of Chavez stunned at his re-election
Lining up Monday for the bank in a wealthier district of Caracas, Alejandro Colmenarez, 32, an engineer, was ready to pack his bags.
"Half of Venezuela is speechless," he said of the re-election of Hugo Chavez, 58, to a fourth term as president . "We were looking for something better after 14 years.
"With all the insecurity, all the problems, I'm going to leave the country," he said. "I'm thinking Spain." read more

Note: Venezuela produces between 2.5 and 3 million barrels of crude oil a day (bbl/d). Caracas exported approximately 1.7 million bbl/d in 2010, with about 40% of sales going to the U.S., according to the Energy Information Administration

October 8, 2012 -- www.upstreamonline.com
Gulf Coast senators urge fairness in BP spill deal
Senators from the US Gulf Coast have urged President Barack Obama to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states. read more

October 5, 2012 -- Delphi
September Employment Figures:
Nonfarm payroll jobs up 114,000
Civilian labor force up 418,000
Employed up 873,000 (over 45 months)
Unemployment down to 7.8
Employment-Population Ratio up to 58.7
Some of the numbers were skewed by September corrections:
86,000 more Americans found jobs in July and August than had been previously reported."
Total nonfarm employment was adjusted up 386,000 on September 28 2012. read more and do the math

September 27, 2012 -- pos.org
Shift by Cuomo on Gas Drilling Prompts Both Anger and Praise
A few months after Gov. Andrew M. Cuomo was poised to approve hydraulic fracturing in several struggling New York counties, his administration is reversing course and starting the regulatory process over, garnering praise from environmental groups and stirring anger among industry executives and upstate landowners.
Ten days ago, after nearly four years of review by state regulators, the governor bowed to entreaties from environmentalists to conduct another study, this one an examination of potential impacts on public health. Neither the governor nor other state officials have given any indication of how long the study might take. read more
And the mass exodus from NY will continue.

September 27, 2012 -- pos.org
Bin Laden was in Muslim Brotherhood, says al-Qaeda chief
Al-Qaeda’s late leader Osama bin Laden was a member of the Muslim Brotherhood before taking up arms against Soviets in Afghanistan, his successor Ayman al-Zawahiri said in a video message released Thursday, dpa reported.
"Sheikh Osama bin Laden was in the Muslim Brotherhood organization in the Arabian Peninsula. When the Soviet invasion of Afghanistan began (in 1979), he immediately went to Pakistan to meet the mujahideen and assist them," al-Zawahiri added in the hour-long video reposted on Jihadology, a US-based website on extremist groups. read more

September 26, 2012 -- pos.org
Small Business Owners Polled on Economic Concerns
A survey of small business owners released this week reports that 55 percent would not have started their companies in today's economy, and 69 percent blame Obama for the weak economy. This comes in contrast to another recent poll that showed small business owners favoring Obama by a small margin. read more

October 8 -11, 2012 -- Gastech 2012 London
Gastech 2012 London will bring together thousands of commercial and technical industry professionals for unrivalled networking, new business opportunities, the exchange of ideas and to showcase the latest innovations, technologies and developments across the gas value chain. read more

September 25, 2012 -- Danica Newnham
Abraxas flows in Texas
San Antonio-based Abraxas Petroleum has seen flows of about 828 barrels of oil and 734 million cubic feet of gas per day at a horizontal well on its wholly-owned Spires Ranch lease in West Texas.
The Spires Ranch 89-1H well was drilled to a total depth of about 3002 metres, including an 853.4-metre horizontal section.
The completed open hole well is producing on a 30/64-inch choke with 230 pounds of flowing tubing pressure. read more

September 24, 2012 --
Petrobras charged in refinery spill
A prosecutor from Brazil's Public Ministry has charged state-run oil company Petrobras with environmental crimes for a spill at its Duque de Caxias refinery that allegedly contaminated the mangroves and estuary of Guanabara Bay off Rio de Janeiro.
Public Prosecutor Renato Machado also charged two employees of Petrobras, Reuters reported, citing a statement released on Monday. The spill occurred in June 2011.
"The Reduc (refinery) acted with complete negligence. They knew since 2007 at least that the treatment stations were obsolete and not functioning adequately and they did nothing," Machado said, according to the news wire. read more

September 24, 2012 -- Bill Lehane
US Energy gains set of Bakken stakes for $2.5m
Wyoming independent US Energy Corporation has gotten its hands on minority stakes in 27 producing wells and associated acreage in the Bakken and Three Forks formations of North Dakota.
The Riverton, Wyoming-headquartered, Nasdaq-listed junior spent $2.5 million to acquire the shares of up to 5% in 23 drilling units in McKenzie, Williams and Mountrail Counties. read more

September 23, 2012 -- Patrick Rucker
Coal fight looms, Keystone-like, over U.S. Northwest
Call it the Keystone of coal: a regulatory and public relations battle between environmentalists and U.S. coal miners akin to the one that has defined the Canada-to-Texas oil pipeline.
Instead of blocking an import, however, this fight is over whether to allow a growing surplus of coal to be exported to Asia, a decision that would throw miners a lifeline by effectively offshoring carbon emissions and potentially give China access to cheaper coal. read more

September 21, 2012 -- upstreamonline.com
Seadrill arm files $225m US IPO
Seadrill Partners, which operates and acquires offshore drilling rigs, filed with US regulators on Friday to raise up to $225 million in an initial public offering of common units.
The offering is being underwritten by Citigroup, the London-based company said in a filing with the US Securities and Exchange Commission, Reuters reported. read more

September 21, 2012 -- upstreamonline.com
US congressman eyes 30-year energy plan
A House Republican lawmaker who helped shape the Congressional energy battle over the Keystone XL pipeline said that after the election he will promote a 30-year strategy to extend the boom in US natural gas production.
Lee Terry, a senior member of the House Energy and Commerce committee, said he is looking at whether legislation is needed to spur development of natural gas, Reuters reported.
.... Terry championed efforts in the Republican-led House of Representatives to override President Barack Obama's decision to delay TransCanada's Keystone pipeline, which would transport oil from Canada to Texas. read more

September 15, 2012 -- gop.com
End EPA War Against Coal
This Morning, Alpha Natural Resources Announced It Is Eliminating 1,200 Jobs, Nearly A Tenth Of Its Work Force. "Coal producer Alpha Natural Resources said Tuesday it's cutting production by 16 million tons and eliminating 1,200 jobs companywide, including 400 with the immediate closing of eight mines in Virginia, West Virginia and Pennsylvania. The mine shutdowns start Tuesday, while the rest of the layoffs will be completed by the end of the first quarter read more

September 15, 2012 -- bangkokpost.com
Qaeda says Benghazi attack 'revenge' for leader's death
Al-Qaeda said the deadly attack on the US consulate in Benghazi, Libya was in revenge for the killing of the network's number two Sheikh Abu Yahya al-Libi, SITE Intelligence Group reported Saturday.
"The killing of Sheikh Abu Yahya only increased the enthusiasm and determination of the sons of (Libyan independence hero) Omar al-Mokhtar to take revenge upon those who attack our Prophet," Al-Qaeda in the Arabian Peninsula said in a statement, quoted by the US-based monitoring group. read more

September 14, 2012 -- thenewamerican.com
U.S. Lawmakers Demand Transparency in Secret Trans-Pacific Partnership Talks
At the conclusion of the latest round of secret negotiations on the Trans-Pacific Partnership (TPP) held in Leesburg, Virgnia, leaders of the nine participating nations (Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, the United States, and Vietnam) published a report on their meetings.
read more

September 14, 2012 -- world-nuclear-news.org
Innovative' strategy to end Japanese nuclear
Japan has confirmed a goal of ending nuclear power generation in the 2030s. The new strategy is based on respect for the will of the Japanese people, but slashes environmental targets to perhaps as little as a 10% reduction in CO2 by 2030.
Recent surveys indicated a strong will among Japanese people to use as little nuclear energy as possible in the future and to make a new policy 'from scratch' that did not reflect the priorities of the establishment. Around half of people supported the 15% or 0% options for nuclear's share of electricity, compared to the 30% it provided before the Fukushima accident. read more

September 13, 2012 -- upstreamonline
DC hearing weighs US energy independence

Harold Hamm: Executive, Romney advisor preaches shale benefits
A shale businessman and energy adviser to Republican Mitt Romney said drilling advances are putting the US on course to emerge “from under OPEC dominance,” while the Obama administration is stalling development with excessive rules, a report said.
....Federal regulations hinder development by delaying the permits needed to work, and Hamm said as a result his Oklahoma City-based company avoids drilling on federal lands. read more

Sept. 13, 2012 -- Christian Newswire
Conservatives Launch Fight Against $106 Billion in Stealth CR Spending

Conservative leaders have launched an urgent appeal asking Tea Partiers and grassroots conservatives to call their representative and senators to urge a vote against the Continuing Resolution (CR) that will come to the House floor later today and before the Senate in the near future.
.... The original discussion of a "clean" six months CR at the $1.047 trillion level has been increased by approximately $106 billion. read more

Sept. 11, 2012 -- Jerusalem Post
PM: World has no right to give Israel a 'red light'

Netanyahu charges that those unwilling to set red lines on Iran should not stop Israeli action; former IDF chief Ashkenazi says strong US ties a "security necessity"; MK Danon calls Clinton's Iran stance a "slap in the face."
Prime Minister Binyamin Netanyahu on Tuesday said that the world has "no moral right" to put a "red light" in front of Israel if it refuses to set a "red line" for Iran.
Speaking ahead of a government to government meeting with Bulgarian Prime Minister Boyko Metodiev Borisov in Jerusalem, Netanyahu said, "Those in the international community who refuse to put red lines in front of Iran, don't have a moral right to put a red light in front of Israel. They must understand that there is a red line so they stop." read more

September 7, 2012 -- upstreamonline
Petrobras 'to face criminal charges' in refinery leak
A Brazilian federal prosecutor plans to file a criminal case against Petrobras for polluting the Atlantic Ocean with fuels from a refinery, according to a report.
Petrobras spilt petroleum products into the sea from the Duque de Caxias refinery in Rio de Janeiro state and “everything indicates this occurred constantly”, Prosecutor Renato Machado told Bloomberg. The case will be filed “in the next few weeks”, he said.
The case comes as Chevron faces two civil suits of 20 billion reais ($9.86 billion) each and a criminal case filed by a different federal prosecutor following spills in November and March at the offshore Frade field, where Petrobras is a minority partner.
read more

September 7, 2012 -- upstreamonline
Report: Qatar eyes largest piece of Shell
Qatar wants to become Anglo-Dutch supermajor Shell's biggest shareholder by raising its stake to 7% to strengthen its ties with the oil company and further invest its wealth in western assets, according to a report.
The Middle East Economic Survey (MEES) said Qatar's sovereign wealth fund, the Qatar Investment Authority, was looking to raise its stake from below 3%, which would make it the biggest shareholder, above Blackrock's 5%, Reuters reported.
Shell declined to comment on the report, the news wire said.
In May, MEES reported that Qatar was looking to buy 3-5% of Shell. Shell confirmed at the time that Qatar had bought a large stake. read more

September 7, 2012 -- upstreamonline
White House consults experts on tapping oil reserve
Obama administration officials met with a handful of oil market experts on Thursday as the White House considered the merits of another release of emergency oil reserves - potentially much larger than the last.
The meeting, which was originally scheduled for August but had been delayed by summer vacations, did not centre entirely on the Strategic Petroleum Reserve (SPR), Reuters heard by non-government sources who attended the meeting.
Government officials did not reveal any plans they may be making to tap the SPR, but they did voice concern about tightening US fuel supply and sounded out the experts on how energy prices could behave in the coming few months under different scenarios, sources said.
The meeting was still interpreted by some as a sign that President Barack Obama was intent on pressing ahead with an unprecedented second tapping of US government oil supplies. read more

September 6, 2012 -- Delphi
Bill Clinton was the Internet dot com president.
Under his watch on March 10, 2000 NASDAQ hit 5,408.62. For a short time thousands of jobs were created and investors were swimming in money. An Internet savvy kid with a high school diploma could get a $40,000 job.
The bubble burst. By the time Bill left office NASDAQ had lost 50% of its value and many stocks were down more than 85%.
Thousands of jobs were lost. NASDAQ never recovered. But Bill took credit for the economic boom he never created.

September 6, 2012 -- upstreamonline
Natgas use in trucks set to soar
The use of natural gas in US trucks and fleet vehicles could skyrocket over the next two decades as low prices and new infrastructure provide incentive to switch to the cheap fuel, according to a research report released this week.
Record increases in US natural gas production, thanks to prolific shale deposits, have pushed prices to 10-year lows this year, and they are likely to remain depressed, making it an attractive alternative to more expensive diesel for the foreseeable future, PIRA Energy Group said in its report, according to Reuters.
"Future gas demand in natural gas vehicles has enormous upside potential, led by private sector initiatives, with or without federal government assistance," PIRA, an energy consulting firm, said in a statement.
Gas demand in large trucks and fleet vehicles could reach 14 billion cubic feet per day by 2030 - about 20% of today's daily gas production - read more

September 5, 2012 -- Electronic Frontier Foundation (EFF)
Trans Pacific Partnership Agreement
Meeting September 6-15, 2012

The Trans-Pacific Partnership (TPP) is a secretive, multi-national trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe and rewrite international rules on its enforcement.
The Intellectual Property (IP) chapter: Leaked draft texts of the agreement show that the IP chapter would have extensive negative ramifications for users' freedom of speech, right to privacy and due process, and hinder peoples' abilities to innovate.
read more

Democratic energy policy
From the 2012 Democratic Platform page 8 read more

Sep 5, 2012 -- Steven Ertelt -- LifeNews.com
Democrats Turn Off Independent Voters With Abortion Worship
Following day one of the Democratic National Convention, the consensus on the part of most political observers is that Democrats are risking alienating themselves and hurting President Barack Obama's re-election chances because of their focus on abortion.
... "If you thought the nation's 8.3 percent unemployment rate and $1.3 trillion budget deficit were the top two issues of the 2012 election, then congratulations, you share the same priorities as the vast majority of Americans," it noted. "Also, that means you are probably not one of the Democrats in Charlotte, N.C., who have been drafting the Democratic Party's 2012 national platform. The platform mentions abortion more times (four) than unemployment (three)." read more

August 30, 2012 -- United Nations
Second Conference to Review Programme of Action on Illicit Trade in Small Arms and Light Weapons Takes Place at (UN) Headquarters, 27 August - 7 September, 2012
NEW YORK, 30 August (Office for Disarmament Affairs) — More than a decade after Member States agreed on a comprehensive programme of action aimed at eradicating the illicit trade in small arms and light weapons, the United Nations this week launched international standards to provide further impetus to that work.
The International Small Arms Control Standards (ISACS) were launched during a global meeting in New York that is examining how well States are implementing the action programme they agreed in 2001, formally known as the Programme of Action to Prevent, Combat and Eradicate the Illicit Trade in Small Arms and Light Weapons in All Its Aspects. read more

The UN wants to take your rights and your money.

August 30, 2012 -- Bryn Weese
Keystone pipeline is built, stacked up in Arkansas: Congressman
The Keystone XL pipeline has already been built, according to an Arkansas lawmaker.
The problem is, it's stacked up in Arkansas waiting to be buried in the ground.
He said the $15.1 billion US deal backs Republican arguments that China will dominate Canada’s oil resources if the United States stalls the Keystone pipeline, read more

August 29, 2012 -- whatsnextvenezuela.com
Explosion at Oil Refinery Raises Concerns about PDVSA’s Infrastructure
Early Saturday morning, a massive explosion occurred at Venezuela’s largest oil refinery, killing 48 and injuring 80, stopping production, and rocking the nearby town.
Residents reported smelling gas the night before, but many thought nothing of it, as the odor had occurred many times before. This time, however, was different. At 1 a.m. an explosion engulfed the refinery and also destroyed homes in the town of Amuay, injuring residents who were still sleeping. Two hundred homes were damaged by the blast and 33 families were displaced. read more

posted: August 28, 2012 -- The Amazon Post
Chevron's Views and Opinions on The Ecuador Lawsuit
The Fraudulent Case Against Chevron in Ecuador
Chevron has uncovered undeniable evidence of fraud by the Lago Agrio plaintiffs' representatives, much of which is captured on film and memorialized in their own correspondence. In the process, Chevron has exposed the plaintiffs' lawyers' plot to intimidate judges, pressure scientific experts to "find contamination" where none existed, and ghostwrite supposedly independent damage reports as well as the ultimate $18 billion judgment itself. read more

August 27, 2012 -- Kathrine Schmidt -- upstreamonline.com
New drillship arrives in Brazil
Queiroz Galvao Oil and Gas said Monday that one of its newbuild ultra-deepwater drillships, the Amaralina Star, arrived in Brazil this weekend.
The unit and its sister, the Laguna Star, built at Samsung Heavy Industries in Korea, will work for Petrobras on six-year contracts with a six-year option.
"Operating the Amaralina Star, a state-of-the-art ultra-deepwater rig, is a key milestone for the company," QGOG president Leduvy Gouvea said in a statement. read more

August 27, 2012 -- Luke Johnson -- upstreamonline.com
Shell asks for more time in Chukchi
Shell is asking the US Interior Department for more time to drill in the Chukchi Sea off Alaska as delays threaten to shut the door on the Anglo-Dutch supermajor's plans this year before they even get off the ground.
Shell filed a request with Interior late last week requesting about two more weeks to drill beyond the 24 September deadline that was imposed by the federal government based on estimates of when ice will begin reforming, Bloomberg reported.
"Ice forecast is indicating just under two more weeks of open water," spokeswoman Kelly op de Weegh told the news wire. “Because we could remain in the open water longer, it could also potentially allow us to drill even in the hydrocarbons zone past the September 24 date.” read more

August 27, 2012 -- upstreamonline.com
Venezuela refinery fire spreads
A fire burning at Venezuela's biggest refinery spread to a third fuel storage tank on Monday, all but burying plans for a quick restart of operations after an explosion that killed nearly 50 people in the country's deadliest oil industry accident.
The fire and the threat that Tropical Storm Isaac could disrupt refinery operations on the US Gulf Coast and tighten fuel supplies helped push up US fuel prices, with US gasoline futures up 2.65% at $3.16 a gallon, Reuters reported.
The refinery could now remain partly in flames for several more days, which would force Venezuela to boost fuel imports and spur criticism over mismanagement of the oil industry by the government of President Hugo Chavez, the news wire said. read more

August 22, 2012 -- Christian Newswire
GOP Senators Pushing UN Sovereignty Stealing Treaty
"The problem with CRPD is that it's masquerading as a measure to assist persons with disabilities. In actuality, it's a ploy to trick us into voluntarily surrendering our sovereignty." -- Christopher Carmouche, Executive Director of GrassTopsUSA
GrassTopsUSA is calling out Republican-In-Name-Only Senators Richard Lugar (R-IN), John Barrasso (R-WY) and Johnny Isakson (R-GA) for joining the liberal majority of the Senate Foreign Relations Committee and sending the United Nations Convention on the Rights of Persons with Disabilities (CRPD) Treaty to the full Senate for ratification. read more

August 22, 2012
The Romney Plan For A Stronger Middle Class: Energy Independence
A crucial component of Mitt Romney's Plan for a Stronger Middle Class is to dramatically increase domestic energy production and partner closely with Canada and Mexico to achieve North American energy independence by 2020.
While President Obama has described his own energy policy as a "hodgepodge," sent billions of taxpayer dollars to green energy projects run by political cronies, rejected the Keystone XL Pipeline as not in "the national interest," and sought repeatedly to stall development of America's domestic resources.
Romney's path forward would establish America as an energy superpower in the 21st century. read more

August 21, 2012 -- Luke Johnson -- upstreamonline.com
Shell rig sets sail for Beaufort Sea
The rig tapped to embark on Shell's Arctic drilling programme set sail for the Beaufort Sea this week, as the Anglo-Dutch supermajor moved a step closer to launching its exploration plan off Alaska.
The Conical Drilling Unit Kulluk departed on its two-week journey from Dutch Harbour on Monday, but delays related to lingering sea ice and permitting issues have already forced Shell to scale back its plans for the year in the Arctic.
"Given the short windows in which we have to work this year, it’s now clear we will not complete five wells to total depth in the Beaufort and Chukchi Seas," Shell said in a statement. read more

August 20, 2012 -- yahoo.com
EPA seeks input on ethanol mandate waiver requests
The U.S. Environmental Protection Agency on Monday said it has begun weighing requests to suspend the U.S. ethanol mandate, which requires refiners to blend ethanol into gasoline, and is seeking public feedback.
The governors of North Carolina and Arkansas asked the agency last week to temporarily waive the U.S. quota on ethanol made from corn, because the worst drought in 50 years has driven corn prices higher and hurt livestock producers who depend on the grain for feed. read more

August 14, 2012 --
The Panic Over Fukushima
Japan's nuclear accident was a great human tragedy, but its long-term health effects have been exaggerated—and the virtues of nuclear power remain.
The International Commission on Radiological Protection recommends evacuation of a locality whenever the excess radiation dose exceeds .1 rem per year. But that's one-third of what I call the "Denver dose." Applied strictly, the ICRP standard would seem to require the immediate evacuation of Denver. read more

August 14, 2012 -- upstreamonline.com
T. Boone bails on BP, Chesapeake
BP Capital, the investment management firm led by billionaire energy investor T. Boone Pickens, sold all of its holdings in number two US gas producer Chesapeake Energy and oil major BP, according to market filings made Tuesday afternoon.
Documents filed with the Securities and Exchange Commission show the firm also sold its full holdings in two oilfield services companies and a liquefied natural gas tanker operator, filings obtained by Reuters showed.
BP Capital sold 499,055 shares in Chesapeake, valued at $11.56 million as of 31 March, between the first and second quarters.
Pickens had said in May, after the firm filed its first-quarter holdings with the SEC, that he was selling all his Chesapeake shares because of falling natural gas prices, according to a CNBC report. read more

August 14, 2012 -- upstreamonline.com
US regulators float plan for Arctic tract
The Department of Interior has proposed a mixture of new oil and gas development and environmental protections in a vast swathe of Arctic land.
The department said its preferred alternative for managing the National Petroleum Reserve-Alaska calls for about half of the Indiana-sized land unit to be opened to oil and gas leasing, Reuters reported.
Other areas important to polar bears, seals, migratory birds and other wildlife would be protected from development.
The proposed plan was welcomed by environmental activists but drilling supporters said they were unhappy.
"What we want to do is make sure that we don't mess it up," Interior Secretary Ken Salazar said at an Anchorage news conference Monday. read more

August 14, 2012 -- upstreamonline.com
North Dakota oil output at record high in June
Oil production in North Dakota hit yet another record high in June, after average production in the first half of the year jumped 67% higher than a year earlier.
The state's oil production rose to just over 660,000 barrels per day in June, 20,000 bpd higher than in May, data from the state Industrial Commission obtained by Reuters indicated.
Most of the new production is from the Bakken shale in the northwest corner of the state, which along with Sanish and Three Forks unconventional sources produced some 594,400 bpd in June, the data also showed.
North Dakota is now the second-largest oil producing state in the country after Texas. It also has the lowest unemployment rate at 2.9% in June, according to the Bureau of Labor Statistics. read more

August 14, 2012 -- wsj.com/washington wire
Biden's 'Back in Chains' Remark Draws Fire.
The Romney campaign said the race for the White House reached a "new low" after Vice President Joe Biden on Tuesday told voters in Virginia that Mitt Romney's policies will put people "back in chains."
Mr. Biden, speaking at a campaign event, said if Mr. Romney wins the presidential race he'd "let the big banks once again write their own rules," a reference to Mr. Romney's comments that he would roll back Wall Street reform. Mr. Biden said Mr. Romney would "unchain Wall Street," and after boos from the audience he added, "They're going to put you all back in chains." read more

Milions are Starving While We Use Corn For Fuel..
It is reasonable to estimate that global biofuel production has killed between 20 and 80 million people worldwide since 1980 through malnutrition and related illness. By "kill" I mean the primary cause of death. Any estimate below 20 million would be ridiculously low. An estimate higher than 80 million is plausible, but less likely and more difficult to prove. It is also reasonable to estimate that biofuel production has been a significant contributing factor in up to 150 million human deaths since 1980. read more

August 10, 2012 -- Sean Murphy, Associated Press
Auto Companies Meet For Natural Gas Plan
With nearly two dozen states looking to add natural gas-powered vehicles to their government fleets, it ultimately could push the public to follow suit in purchasing cars and trucks powered by cleaner, affordable and domestically produced fuel, Oklahoma Gov. Mary Fallin said Wednesday.
Fallin spoke to a group of automobile manufacturers and dealers, and purchasing officials from more than a dozen states, following a discussion about an effort involving 22 states to solicit bids for the purchase of natural gas-powered vehicles for state fleets. read more

August 9, 2012 -- upstreamonline.com
Cheniere fires start gun on construction
Cheniere Energy Partners has given Bechtel official notice to proceed with the construction of its first two liquifaction trains for the Sabine Pass LNG export facility, the company said Thursday.
The $5.6 billion project in Cameron Parish, Louisiana will be the first terminal to export liquefied natural gas from the continental US, with a regasification and send-out capacity of 4 billion cubic feet per day.
Bechtel Oil, Gas and Chemicals will build the first two trains. read more

August 8, 2012 -- upstreamonline.com
Utica gusher pushes up Gulfport shares
Shares of Gulfport Energy soared on Wednesday after the US independent reported stellar results from its first horizontal well in the Utica Shale.

August 8, 2012 -- upstreamonline.com
Canada weighs options on CNOOC deal
Prime Minister Stephen Harper and his cabinet are wrestling with how to handle the proposed takeover of Calgary-based Nexen by China’s CNOOC, as some investors anticipate Canada will block the bid.
CNOOC’s $15.1 billion agreement to buy Nexen will be part of the discussions when Harper meets his ministers in Ottawa today, Bloomberg reported, citing a person with knowledge of the matter unauthorised to speak publicly.
The state-owned company’s bid, which the US is also studying, tests Harper’s ability to balance the need to bolster economic relations with China while ensuring the Asian country does not gain too much influence over the oil sands, the world’s third-largest pool of oil reserves. read more

August 8, 2012
NOTE: Oil rises on economic optimism
Brent crude stayed above $112 a barrel on Thursday on hopes of more stimulus from China to support economic growth and fuel demand at the world's second largest oil consumer.

August 3, 2012 -- upstreamonline.com
Brent crude inched above $106
Brent crude inched above $106 a barrel on Friday on concerns over supply from the Middle East and the North Sea, though worries over a slowing global economy capped gains.
The US Congress passed a new package of sanctions against Iran that aims to punish banks, insurance companies and shippers that help Tehran sell its oil.
This builds on oil trade sanctions signed into law in December that prompted buyers in Japan, South Korea, India and others to slash their purchases of Iranian oil.
Brent crude had gained 43 cents to $106.33 per barrel early on Friday, while US rose 36 cents to $87.49. Both prices are on track for their second weekly loss. read more

August 3, 2012 -- americansforgrowth.com
Heading in the Wrong Direction.
Net loss of 195,000 jobs in July.
Unemployment up to 8.3%. Employed down to 58.4%.
4.2 million jobs created - 4.2 million jobs lost!
read more

August 3, 2012 -- The Daily Caller -- By Nicholas Ballasy
Harry Reid open to bill that would fire federal workers owing $1 billion total in back taxes
Senate Majority Leader Harry Reid was asked by The Daily Caller if he thinks the roughly 100,000 federal employees who owe a combined $1.03 billion in federal taxes should be fired if they are not paying down their tax debt.
"Well, I think it’s certainly something we should take a look at, but, you know, there" I guess there could be a reason. I haven’t been part of any hearings, if in fact hearings were held,” Reid told TheDC during a media availability at the Capitol on Tuesday. read more

August 1, 2012 -- The Daily Caller -- By Nicholas Ballasy
Alliance of 13 US reactors is formed
Following more than a year of development, STARS Alliance LLC has achieved legal identity after the chief nuclear officers of seven US plants added their signatures to official paperwork. The alliance will work together to improve operational, regulatory and economic performance.
The independently owned plants represented are all modern Westinghouse pressurised water reactors located within the same Nuclear Regulatory Commission administrative region. Despite not being part of a fleet, the STARS Alliance allows them to "leverage natural synergies" in order to "make performance as a whole better than could be individually achieved," according to its mission statement. read more

July 27, 2012 -- news.gather.com
US economic growth slowed to 1.5% rate from April to June
The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.
The U.S. economy grew at an annual rate of just 1.5% from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.
The Commerce Department also said Friday that the economy grew a little better than previously thought in the January-March quarter. It raised its estimate to a 2% rate, up from 1.9 percent. read more

51 Senators Defend our Constitution and US Sovereignty:
July 27, 2012 -- news.gather.com
UN Arms Trade Treaty threatened by US Senate
Opposition to the UN Arms Trade Treaty is growing within the United States as a bipartisan group of 51 Senators penned a letter to President Obama stating that they have serious concerns with the treaty as it is currently written. The Senators wrote "Our country's sovereignty and the constitutional rights of these individual freedoms must not be infringed."
According to those who signed the letter, the treaty "falls short in protecting the constitutional right to bear arms."
But it seems that this may be exactly what those who support the treaty hope it will do. While supporters like Secretary of State Clinton have made numerous, but highly optimistic, claims about the effects of the treaty, it has been demonstrated that these claims are not only unrealistic, but outright impossible. read more

July 25, 2012 -- GE Press Releases
GE Healthcare Global X-ray Business Announces Leadership Move to China
New Beijing base strengthens GE X-ray’s global vision, commitment to Chinese healthcare and innovation
BEIJING, CHINA – 25 July 2011 – GE Healthcare today announced the transition of the GE X-ray leadership team to new global headquarters in Beijing, China. By moving strategic leadership to a new global hub of healthcare innovation, GE X-ray is better positioned to understand and meet the needs of high growth markets, support the Chinese Government’s Primary Care initiative, and enable an entire in-country X-ray business cycle from engineering and development to sales and service. read more
Note: General Electric's Chief Executive, Jeffrey Immelt, is one of President Obama's advisers on job creation!

July 23, 2012 -- forbes.com
CNOOC'S Nexen Deal Shows How Obama Pushed Canada Toward China
When President Barack Obama rejected the Keystone XL oil pipeline, it spurred Canada to look to China as a new partner that could serve as a market for the increasing oil production coming out of Canada’s tar sands. Now, half a year following Obama’s decision, Canada’s vital oil industry appears to be drifting to China.
CNOOC, a state-owned China oil producer, announced on Monday that it has inked a $15.1 billion deal to buy Nexen, one of the crown jewels of Canada’s oil and gas sector. The Canadian government seems poised to approve the landmark deal read more

July 23, 2012 -- Reuters -- Alex Lawler
China bids for chunk of UK's oil, world price influenc
China may soon get control of a large slice of UK North Sea oil supply, which is key to determining global oil prices, if bids by its state firms for assets of Canadian oil companies Nexen and Talisman are cleared by the regulators.
China's top offshore oil producer CNOOC on Monday offered to pay $15.1 billion (9.7 billion pounds) for Nexen while China's top refiner Sinopec will buy 49 percent in the UK unit of Talisman for $1.5 billion. read more

7/16/2012 -- Christopher Helman, Forbes Staff
The World's 25 Biggest Oil Companies
Every once in a while it's good to remind ourselves who really controls the world's horde of oil and gas. When you here the words "Big Oil" the company that likely springs first to mind is ExxonMobil. But in reality there are far bigger players than Exxon. More than 70% of world oil reserves, and an even greater percentage of the remaining reserves of "easy oil" are held by national oil companies controlled by kings and potentates and even some democratically elected governments like Saudi Arabia, Venezuela and Norway. read more

July 13, 2012 -- The White House
Remarks by the President in Roanoke, VA
"look, if you've been successful, you didn't get there on your own. You didn't get there on your own. I'm always struck by people who think, well, it must be because I was just so smart. There are a lot of smart people out there. It must be because I worked harder than everybody else. Let me tell you something -- there are a whole bunch of hardworking people out there. (Applause.)
If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you've got a business -- you didn't build that. Somebody else made that happen." transcript

July 14, 2012 -- Reuters
Chavez: Venezuela is no threat, Obama is a 'good guy'
CARACAS: President Hugo Chavez denied on Friday that Venezuela was a threat to anyone, after US presidential hopeful Mitt Romney criticized Barack Obama for playing down the risk posed by the socialist leader.
Obama told a Spanish-language television station in an interview screened this week that Chavez's actions over recent years had not had a serious impact on the national security of the United States.
....Iran denies Western charges it wants to build nuclear weapons. When Iranian President Mahmoud Ahmadinejad visited Caracas in January, he and Chavez lavished praise on each other, mocked U.S. disapproval and joked about having an atomic bomb. read more

Posted -- July 14, 2012
Expropriations
In all just societies, the ability to acquire, hold, and trade private property is considered an inalienable right. In Venezuela, however, private property rights are short of extinct. President Hugo Chávez is leading the charge against private property rights, ratifying legislation that grants the Executive branch absolute power to intervene private entities, without due process, for any reason and at any time. Mr. Chávez’s expropriations have not only hurt foreign investors, but also Venezuela’s national economy and its own workers.
Expropriating important sectors of the Venezuelan economy – and running them to the ground – has become a staple of Mr. Chávez’s economic policies over the past 12 years. read more

Arctic Sea Ice Gone in Summer?
An already relentless melting of the Arctic greatly accelerated this summer a sign that some scientists worry could mean global warming has passed an ominous tipping point.
....This week, after reviewing his own new data, NASA climate scientist Jay Zwally said: "At this rate, the Arctic Ocean could be nearly ice-free at the end of summer by 2012, much faster than previous predictions."
December 12, 2007 -- Seth Borenstein -- Associated Press more

July 11, 2012 -- Delphi
United Nations plan for controlling all arms trades including small arms.
The U.N. Arms Trade Treaty will be considered by the Senate. This treaty could override the Second Amendment to the U.S. Constitution.
It would require the registration of all international arms trades and suggests the registration of all domestic arms sales including rifles and handguns.. more

July 11, 2012 -- jewishworldreview.com
Russia vows to open up Arctic to energy firms
President Vladimir Putin vowed on Tuesday to conquer ever broader expanses of the Arctic for Russia's oil and natural gas giants while inviting foreign majors to take part in the development boom.
Russia's dominant leader invited both senior executives and ministers to the first major meeting devoted to energy since his return to the Kremlin for an historic third term in May. more

Source: AFP (http://s.tt/1hqWO) July 11, 2012 -- abcnews.go.com
Senate Democrats Block a Vote on President Obama’s Tax Plan
Senate Democrats today blocked a vote on President Obama’s own tax plan.
On Monday President Obama called on Congress to pass an extension of Bush-era tax cuts for middle-income earners while letting rates on wealthier Americans rise at the end of the year.
“My message to Congress is this,” Obama said Monday, “Pass a bill extending the tax cuts for the middle class. I will sign it tomorrow. Pass it next week, I’ll sign it next week. ” more

July 11, 2012 -- upstreamonline.com
North Dakota output hits record
Oil production in North Dakota rose to a record high of just under 640,000 barrels per day in May, reinforcing the state's position as the second-largest oil producer in United States, behind Texas.
North Dakota's oil output rose about 30,000 bpd from April levels, monthly data from the state Industrial Commission showed. Output has doubled in the last two years alone.
....Thanks to this oil boom, the state has the lowest unemployment rate in the United States, at 3% in May, according to data from the US Bureau of Labor Statistics.
The frenzied drilling has brought the state a hefty budget surplus, with Moody’s predicting it was as much as $1 billion between 2009 and 2011. read more

July 10, 2012 -- upstreamonline.com
Devon flows Tuscaloosa Marine well
US independent Devon Energy has completed its latest well in the emerging Tuscaloosa Marine Shale (TMS) play in Louisiana, state regulators said.
The Louisiana Department of Natural Resources trumpeted the results from Devon's fourth horizontal well in the play, saying the Weyerhaeuser 14H-1 initial production rates of 384 barrels per day of oil were "the strongest oil production results" so far for the company in the play. read more

July 05, 2012 -- By News wires
Sweltering heat bolsters US natgas
US natural gas futures ended higher on Thursday buoyed by strong gas-fired power demand as scorching heat blazed through much of the US and homes and businesses cranked up the air conditioning.
Forecasters said to expect more hot weather after a reprieve early next week, Reuters reported.
Temperatures in New York reached into the high 90s in Fahrenheit (37 Celsius) and triple digits in Chicago on Thursday, according to AccuWeather.com, sparking large demand for gas-fired power generation to power air conditioning. read more

July 05, 2012 -- Americans for Growth
Where have all the new jobs gone?
4.2 million jobs created - 4.0 million jobs lost!
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. While employment has been rising slowly since then at 142,415,000 it is only 228,000 higher than it was when President Obama took office. (January 20, 2009) more facts

July 05, 2012 -- thejakartaglobe.com
GM to Produce Chevrolet Spin in Indonesia in 2013
US automotive giant General Motors is planning to produce the Chevrolet Spin multi-purpose vehicle (MPV) at its plant in Bekasi, West Java starting early next year, the company said on Wednesday.
....In August 2010, GM said it was investing $150 million to open an assembly plant in Bekasi on a 11 hectare plot of land to produce 40,000 units per year, and employ approximately 800 people. read more

July 02, 2012 -- FoxNews.com
GOP critical of Navy's 'Great Green Fleet', $26 a gallon fuel
The Navy is steaming ahead with an initiative to power ships with biofuel, despite criticism the so-called "green fuel" costs nearly seven times more than conventional fuel.
This month marks the first time the Navy is using biofuel in an operational setting -- sending five ships to a multi-nation exercise off the coast of Hawaii.
.....The Navy official said, "Investments in biofuel will produce a competitively priced -- and domestically produced -- alternative to conventional fuel. Such investments help the Navy and the nation become less dependent on foreign oil and thus less subject to volatility in oil prices that directly affect our readiness." Read more:

June 26, 2012 -- Bloomberg News
Bankruptcy
Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete.
Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said today in a statement. It plans to file for bankruptcy protection in Wilmington, Delaware, next week. 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

November Fuzzy Math:
Nonfarm payroll jobs up 146,000.
Civilian labor force down 350,000
Employed down 122,000
Unemployment down to 7.7
Employment-Population Ratio down to 58.7
146,000 found jobs. 122,000 dropped out.
Check the facts not the spin.

Ignore this site at your peril!

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

What is the secretive
Trans Pacific Partnership Agreement


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

www.godaddy.com

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