The American Petroleum Institute (API) successfully lobbied for an end to the 40-year ban on exporting U.S.-produced crude oil in part by making a geopolitical argument: Iran and Russia have the ability to export their oil, so why not unleash America?
Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $1.5 billion.
It marked the first North American purchase for the Kuwaiti state-owned oil company and yields KUFPEC 330,000 acres of Duvernay shale gas. Company CEO and the country's Crown Prince, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, called it an “anchor project” that could spawn Kuwait's expansion into North America at-large.
Kuwait's investment in the Duvernay, at face-value buying into Canada's hydraulic fracturing (“fracking”) revolution, was actually also an all-in bet on Alberta's tar sands. As explained in an October 7 article in Platts, the Duvernay serves as a key feedstock for condensate, a petroleum product made from gas used to dilute tar sands, allowing the product to move through pipelines.
And while Kuwait — the small Gulf state sandwiched between Iraq and Saudi Arabia — has made a wager on Alberta's shale and tar sands, Big Oil may also soon make a big bet on Kuwait's homegrown tar sands resources.
“Kuwait has invited Britain’s BP, France’s Total, Royal Dutch Shell, ExxonMobil and Chevron, to bid for a so-called enhanced technical service agreement for the northern Ratqa heavy oilfield,” explained an October 2 article in Reuters. “It is the first time KOC will develop such a big heavy oil reservoir and the plan is to produce 60,000 bpd from Ratqa, which lies close to the Iraqi border [in northern Kuwait]…and then ramp it up to 120,000 bpd by 2025.”
In the past, Kuwait has said it hopes to learn how to extract tar sands from Alberta's petroleum engineers.
Make private companies happy. Don’t worry about the environment. Stop fretting about long-term sustainability. Forget renewables, property concerns, the safety of our water and air. Make private companies happy.
This was the 43rd president's message to the current administration at the DUG East conference held by the shale gas industry on Thursday.
With characteristic bluntness, George W. Bush spoke his mind on energy policy to several thousand oil and gas executives gathered in Pittsburgh at an exclusive luncheon on Wednesday.
“I think the goal of the country ought to be 'how do we grow the private sector?'” Mr. Bush said. “That ought to be the laser-focus of any administration. And therefore, once that’s the goal, an issue like Keystone pipeline becomes a no-brainer.”
“If private sector growth is the goal and Keystone pipeline creates 20,000 new private sector jobs, build the damn thing,” Mr. Bush said, prompting a burst of applause from the more than 4,000 oil and gas executives attending the conference.
In his candor, Mr. Bush also highlighted the essence of what burns bright but short in the fossil-fuel doctrine.
In emphasizing a get-it-now, don’t-worry-about-the-future approach to energy, he drove home why the Keystone XL pipeline has become such a lightning rod issue. The reason: it is symbolic of the overall short-sightedness of increasing our long-term addiction to oil rather than pushing with urgency toward renewable energy.
Canada's tar sands are one of 14 energy megaprojects that are “in direct conflict with a livable climate.”
According to a new report released today by Greenpeace, the fossil fuel industry has plans for 14 new coal, oil and gas projects that will dangerously increase global warming emissions at a time when massive widespread reductions are necessary to avoid catastrophic climate change. In conjunction these projects make it very likely global temperature rise will increase beyond the 2 degrees Celsius threshold established by the international community to levels as high as 4 or even 6 degrees.
An intriguing new study released last week in Psychological Science in the Public Interest reveals why people are more apt to believe false information being fed to them by the media and politicians.
According to the team of psychological scientists working on the study, led by Stephan Lewandowsky of the University of Western Australia, the main reason that people are more likely to believe false information (for example, that climate change is a hoax) is because it actually takes less brain power to believe a statement is false than to accept it as truth. Finding the truth takes time and effort that people often don’t care enough to spend on particular issues that aren’t of immediate concern.
A few excerpts from the report:
It is a well-known fact that the unconventional gas industry is involved in an inherently toxic business, particularly through hydraulic fracturing (“fracking”), which the EPA just confirmed has contaminated groundwater in Wyoming. The documentary film “Gasland,” DeSmogBlog's report “Fracking the Future: How Unconventional Gas Threatens our Water, Health, and Climate,” and numerous other investigations, reports, and scientific studies have echoed the myriad problems with unconventional oil and gas around the globe.
On November 12, ExxonMobil signed an oil production deal with the Kurdish Regional Government to drill in Iraqi Kurdistan, located in northern Iraq. This comes on top of an existing oil deal it landed in 2009, to drill for oil in the West Qurna Field, located in southern Iraq.
The New York Times explained both deals:
Exxon and its partners agreed to invest $50 billion over seven years to increase output by about two million barrels of oil per day there, at West Qurna Phase 1, bringing more new oil to market than the United States currently produces in the Gulf of Mexico. Margins, though, are low. Kurdistan offers more lucrative production-sharing agreements, allowing the company to earn a larger share of revenues and to count more of the crude on its books, which helps boost stock prices.
Days later on November 15, Royal Dutch Shell signed a $17 billion natural gas production deal with the Iraqi government. Shell will utilize the natural gas by-product from oil produced at the West Qurna Field, the Rumaila Field, and the Az Zubair Field, and transform it into a usable product. “Shell said it would sell the gas to electrical utilities in Iraq, but that it may also eventually export some,” explained The New York Times.
The move sheds light on the central tenet of American national security policy dating back to President Franklin Delano Roosevelt's not-so-well-known, but crucial 1945 meeting with then King of Saudi Arabia, Ibn Saud. That is, what Hampshire College Professor of Peace and World Security Studies, Michael Klare, calls a foreign policy of “Blood for Oil,” which was outlined in full as such vis-a-vis the 1980 “Carter Doctrine,” presented as part of President Jimmy Carter's 1980 State of the Union Address.
During that speech, Carter stated (emphases mine),
Let our position be absolutely clear: An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America, and such an assault will be repelled by any means necessary, including military force.
The Carter Doctrine made it clear that domination over the procurement of the resources of the Persian Gulf (a.k.a. oil) was a national security issue for the United States, and thus, an issue largely in the hands of the Pentagon.
A historical case study of the Carter Doctrine in action, predating its official announcement, is the BP-orchestrated 1953 U.S. Central Intelligence Agency/British MI6 coup of then Iranian Prime Minister, Mohammad Mosaddegh. Contemporary case studies include the current military occupations of Iraq and Afghanistan.
The new job for Morrell, then, is less anything “new,” and more so, a textbook example of the revolving door and “blood for oil” in-action.
The Turkish Armed Forces says global warming will likely herald regional upheaval and wars in the near future.
With approximately five billion people facing clean-water shortages by 2025, Turkey could become a target – for Israel, Syria and Iraq, in particular – because of its plentiful clean water resources.