U.S. President Joe Biden on Monday called on oil and gas companies to use their record profits to lower costs for Americans and increase production, or pay a higher tax rate, as he battles high pump prices with elections coming in a week.
Biden calls on oil, gas companies to stop ‘war profiteering,’ threatens windfall tax
Tag: oil production
Eni CEO: Europe Will Have To Rely On U.S. Oil To Replace Russian Supply
Europe is set to increase its reliance on oil imports from the United States after the EU embargo on Russian seaborne crude imports enters into force in early December, Claudio Descalzi, chief executive of Italy’s energy group Eni, told Bloomberg in an interview on Monday.
Eni CEO: Europe Will Have To Rely On U.S. Oil To Replace Russian Supply
NATO in the Amazon: Petro Plays with Fire
By Roger D. Harris on October 26, 2022
NATO recently expanded to Sweden and Finland, has been de facto incorporated in Ukraine, and may extend to Georgia. Now, NATO’s entry into the Amazon is in the works under the aegis of newly elected President Gustavo Petro of Colombia.
NATO in the Amazon: Petro Plays with Fire
Related:
The US warns Petro of the danger of falling into the hands of China:
The Government of Colombia replies to Washington that if it wants to prevail over Beijing, it must finance the purchase of land from ranchers to distribute among the peasants
Quid pro quo?!
US Set to Delay Russian Oil Price Cap Announcement Until After Midterms, Reports Suggest
The Biden administration intends to delay setting a price cap on Russian oil until after the November 8 midterms amid concerns that the fallout could weigh on Democrats’ standing in the upcoming vote, American media reported on Friday, citing sources.
Contingency planning, negotiations on price both within the administration and with allies, as well as the OPEC+ production cut have also contributed to the delay, the report said.
US Set to Delay Russian Oil Price Cap Announcement Until After Midterms, Reports Suggest
U.S. Officials Had a Secret Oil Deal With the Saudis. Or So They Thought.
After Saudi leaders pushed to slash oil production despite a visit by President Biden, administration officials have been left fuming that they were duped.
…
“I keep listening to, ‘Are you with us or against us?’ Is there any room for, ‘We are for Saudi Arabia and the people of Saudi Arabia’?” he said. “We will have to deliver our ambitions.”
U.S. Officials Had a Secret Oil Deal With the Saudis. Or So They Thought.
U.S. Accelerates Three-Tier Plan To Reduce Oil Prices
U.S. President Biden has three key strategies in place to lower oil prices.
– The first and foremost strategy is the implementation of the NOPEC bill.
– The second pillar of the plan is to release more crude from the U.S. SPR.
– The third element of the plan to bring oil prices down is to be a concerted effort to encourage U.S. oil firms, shale or otherwise, to increase their production.
U.S. Accelerates Three-Tier Plan To Reduce Oil Prices
Venezuela’s Oil Output Stutters as ‘Irrational’ US Sanctions ‘Imbalance’ Global Market
Venezuela’s Oil Output Stutters as ‘Irrational’ US Sanctions ‘Imbalance’ Global Market
However, in a recent address to the press, the US president clarified that resuming oil exports from Venezuela was only one of several options. “There’s a lot of alternatives. We haven’t made up our mind yet,” he told reporters after calling the OPEC+ decision a “disappointment.” Washington has demanded that the Maduro government re-engages in talks with the opposition as a precondition for any changes to its sanctions policy.
Related:
US Plans To Ease Venezuela Sanctions To Let Chevron Pump Oil There Again—Reports
Biden Is Running U.S. Energy Security Into The Ground
The White House divulged late on Tuesday its plan to release 15 million barrels of crude oil from the strategic petroleum reserve to be delivered in December, as the last tranche of the emergency 180 million barrel release that the Biden Administration announced in March.
Biden Is Running U.S. Energy Security Into The Ground
Related:
Biden Manipulates Oil Price To Buy More Votes
Since its inauguration the Biden administration has sold more than 220 million barrels from the 650+ reserve. Refilling it at $70/bl, nearly $50 per barrel more than Trump was going to pay, will be quite costly.
Neo-liberal Macron government in France pushes 2023 budget without parliamentary vote + French Labor Unrest Illustrates Worsening Economic Crisis Within the EU
The austerity-ridden budget was approved without a vote on after the government involved a controversial provision of the constitution. Earlier, left-wing MPs had passed several amendments to the government’s proposals
Neo-liberal Macron government in France pushes 2023 budget without parliamentary vote
Related:
French Labor Unrest Illustrates Worsening Economic Crisis Within the EU
Payback For OPEC+ Cuts? Biden May Press U.S. Companies To Limit Saudi Business, Report Says
Payback For OPEC+ Cuts? Biden May Press U.S. Companies To Limit Saudi Business, Report Says (archived)
The Biden administration wants to leverage U.S. companies with ties to Saudi Arabia but without sacrificing regional security efforts, according to the report.
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The Biden administration will immediately begin scaling back its diplomatic and military activities in Saudi Arabia, at least until OPEC+’s next meeting on December 4, NBC reports, citing an unnamed senior administration official who said the meeting will “be a key test” of how OPEC+ will respond to European Union sanctions that ban Russian oil imports, effective December 5.
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The OPEC+ conglomerate–a Saudi-led alliance of oil-producing countries, including Russia–plans to curb oil production by 2 million barrels a day beginning in November. The move, characterized by the Saudi government as an effort to stabilize energy markets, is expected to increase global oil prices and raise gas prices. The Biden administration has vowed “consequences” for Saudi Arabia over the announcement, and Democratic lawmakers have urged the president to halt arms sales to the kingdom, but the White House has yet to announce how, exactly, it will retaliate and is not expected to do so until Congress returns from recess after the November midterms.
Ms. Cat’s Chronicles 
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