“Shell delivered another quarter of strong operational and financial performance, capturing opportunities in volatile commodity markets,” Sawan said in a statement.
#war #profit #climate #crisis #petroleum #profits #stock #buyback #capitalism
src: EIA U.S. Energy Information Administration [+] [+]
Assessment of Undiscovered Oil and Gas Resources of the Levant Basin Province, Eastern Mediterranean - U.S.Geological Survey (usgs.gov) #usa #israel #uk #eu #gaza #palestine #oil #gas #energy #capitalism #imperialism #history #petroleum ">PDF
src:Cyprus Aims to Join Natural Gas Boom With Big Offshore Deposits - IEEE Spectrum [+] [+]
Fossil fuels companies hold us hostage, worldwide.
https://shuttersparks.net/fossil-fuel-companies-hold-us-hostage/
#oil #petroleum #energy #ClimateChange #GlobalWarming #FossilFuel #CO2 #politics #economics
So-called "fossil fuels" aren't made from #fossils. If they were, they wouldn't be able to be extracted below the fossil layer & Saturn's moon #Titan wouldn't have vast amounts of #oil inside it.
"Petroleum" is from the ancient #Greek petra + oleum which means rock + oil. Oil, or #petroleum comes from the Earth's geological processes, not fossils. "Fossil fuels" are more accurately called "hydrocarbons."
We've been conned by #BigOil, the #Rockefellers & #marketing agencies in order to create a false #perception of #scarcity to control #population & #economic development via artificial #energy scarcity & #price fixing.
#fossilfuels #hydrocarbons #gasoline #petrol #linguistics #usa #etymology #rockefeller #uk #artificialscarcity #geology #saturn #cartel #conspiracy
I've lately been seeing a lot of commercials online by #Aramco, the #SaudiArabian #Oil Company. They're full of #FeminismWashing with claims that they support #WomensRights and career development. They may well do to some extent but given that it is owned by the Saudi government, it's a bit rich. Also there is no mention that they are a #Petroleum company which continue to push their business interests ahead of the needs of getting ourselves weaned off #FossilFulels.
#Trade with #Russia should be switched to pure #barter. This means that Russia would have to deliver natural gas and #petroleum for the value of its imports.
#Politics, #Politik, #Ukraine, #war, #Kriegsverbrechen, #WarCrimes, #NaturalGas
U.S. pressure on OPEC+ to pump more oil and cool red-hot crude prices has shone a spotlight on a relatively new problem for the producer group: it doesn't have much extra capacity to hike output faster, even if it wanted to.
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, are unwinding record supply curbs made in 2020 when demand cratered, but not fast enough for Washington which is fretting about prices near three-year highs. ...
https://www.reuters.com/markets/europe/us-wants-more-oil-opec-cant-turn-tap-much-harder-2021-11-23/
Should be, not could be.
The EBRD is the latest bank to announce it would halt financing for one or other form of oil and gas.
Last year, Deutsche Bank ended financing for new oil and gas projects in the oil sands and the Arctic region effective immediately.
In the United States, Goldman Sachs said in December 2019 that it would decline to finance new Arctic oil exploration and production and new thermal coal mine development or strip mining. Wells Fargo and JPMorgan have also said they would stop financing new oil and gas projects in the Arctic.
In non-coup-against-democracy news:
One of the Trump administration's biggest environmental reversals turned into something of a bust Wednesday. A long-awaited oil lease sale in Alaska's Arctic National Wildlife Refuge attracted little interest, with no major oil companies submitting offers.
Instead, Alaska's state-owned economic development corporation was the only bidder on about 10 oil leases in the northernmost piece of the refuge, called the coastal plain. Two small companies also submitted bids. Some areas drew no offers at all. ...
The why question becomes interesting, though I suspect that the prospect of a lease reversal by the Biden Administration, or other similarly consequential action, might be a factor.
...West Texas Intermediate, the US marker, lost more than 250 per cent on Monday to trade as low as -$40.32 a barrel in a day of chaos in oil markets. Traders capitulated in the face of limited access to storage capacity across the US, including the country’s main delivery point of Cushing, Oklahoma.
The collapse will be a blow to US president Donald Trump, who has gone to great lengths to protect the oil sector, including backing moves by Opec and Russia to cut production and pledging support for the industry.
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