US legislation that could open members of oil producing group OPEC+ to antitrust lawsuits has emerged as a possible tool to tackle high fuel prices, after the body said it would slash production despite lobbying by the Biden administration.
What is NOPEC, the US bill to pressure OPEC+?
Tag: OPEC
Saudi Energy Minister Destroys MSM Fake News Reporter At OPEC+ Press Conference
OPEC+ To Cut Oil Production By 2 Million Barrels Per Day
OPEC+ To Cut Oil Production By 2 Million Barrels Per Day
The specter of OPEC+ even considering such a large cut as global oil supplies are tight has sent the Biden Administration reeling. White House spokesman John Kirby on Wednesday said that the United States needed to be less dependent on OPEC+ and other foreign producers of oil. The White House was reportedly in a panic leading up to the meeting, trying to prevent OPEC+ from taking such a “hostile act”. In the runup to the meeting, the White House unleashed Amos Hochstein, Janet Yellen, and Brett McGurk to plead its case with the Gulf Nations. Evidence suggests the move had zero effect.
Related:
White House Disappointed With OPEC’s ‘Shortsighted’ Decision
In the meantime, the American Petroleum Institute (API) has criticized the administration’s energy policies, saying that dependence on OPEC and other foreign countries for our energy is a “choice”.
Who sabotaged the Russia – Germany NordStream2 gas pipeline?
Oct 3, 2022 – Smoking gun. There is only one serious suspect for the terrorist sabotage of the Russia – Germany NordStream2 gas pipeline.
Who sabotaged the Russia – Germany NordStream2 gas pipeline? via Hands Off Syria
Related:
UN Security Council to Convene on Nord Stream Attacks at Russia’s Request
Is Saudi Arabia Coming Out of Exile?
By Doug Bandow
World leaders seem to be welcoming Mohammed bin Salman back into the fold.
Is Saudi Arabia Coming Out of Exile?
UN Security Council to Convene on Nord Stream Attacks at Russia’s Request
UN Security Council to Convene on Nord Stream Attacks at Russia’s Request
Related:
MoA: Whodunnit? – Facts Related to The Sabotage Attack On The Nord Stream Pipelines
Analysts report US flights near the Nord Stream pipeline on the eve of the accident + Some Research
Is the USA Scoring Self-Goals With Its Ukraine Policy?
There has already been significant criticism of the Ukraine policy of the USA government from a perspective of world peace. The base of US policy is the concept of a proxy war that can bleed and weaken Russia as much as possible (at great cost to the people of Ukraine as well as the peace and stability of the rest of the world). This has been documented at several places. However another important aspect which has unfortunately received very less attention is that the Ukraine policy of the USA government also seriously violates the real, broader interests of the USA government and people.
Is the USA Scoring Self-Goals With Its Ukraine Policy?
Related:
Nearly 90 Percent of the World Isn’t Following Us on Ukraine
Globalization can function only if most participants believe it advances their interests. If the rest believe the West is unfairly using the system for its own benefit, the rules- based international order falls apart and alternatives will emerge.
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These concerns are generating considerable anti-Western sentiment across much of the Global South. While a nuclear-armed Russia shows no willingness to end a war its leaders cannot afford to lose; the West is rapidly losing the rest and thus undermining the very rules-based international order it has sought to create. Our most promising solution to this dilemma is likely to be some sort of diplomatic compromise.
Oil price jumps near $90 after OPEC+ surprises with token supply cut
Oil surged at the start of the week as OPEC+ unexpectedly decided to cut output in October.
Oil price jumps near $90 after OPEC+ surprises with token supply cut
Russia Confounds the West by Recapturing Its Oil Riches + Yellen discusses Russia oil price cap as Chancellor Nadhim Zahawi visits US
Moscow is raking in more revenue than ever with the help of new buyers, new traders and the world’s seemingly insatiable demand for crude
Russia Confounds the West by Recapturing Its Oil Riches
Related:
US Treasury Secretary Janet Yellen has warned that a failure to place a price cap on Russian oil would hurt the global economy.
Yellen discusses Russia oil price cap as Chancellor Nadhim Zahawi visits US
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Venezuela Stops Oil Shipments To Europe As Alternatives To Russian Energy Dry Up
The writing is on the wall for Europe in terms of this coming winter – It’s going to get ugly. With natural gas imports from Russia cut by 80% through Nord Stream 1 along with the majority of oil shipments, the EU is going to be scrambling for whatever fuel sources they can find to supply electricity and heating through the coming winter. Two sources that were originally suggested as alternatives were Iran and Venezuela.
Venezuela Stops Oil Shipments To Europe As Alternatives To Russian Energy Dry Up
Related:
Venezuela: Oil Production Declines as Shipments to Europe Suspended
Caracas’ oil operations were affected by mechanical disruptions caused by alleged attacks against oil facilities. On July 16 a natural gas pipeline explosion and a power outage interrupted PDVSA’s supply to its main crude production and export hub, the José Antonio Anzoátegui industrial complex in eastern Venezuela.
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With the operational disruption depleting Venezuela’s lightest oil grade stocks, Iran recently began to increase its supply of 29.5°API blend, a lighter alternative to Venezuela’s 16°API Merey, in order to boost fuel production and free domestic upgraded blends for exports.
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However, anonymous sources revealed that Caracas might suspend crude cargoes to Europe while the industry recovers from recent setbacks. PDVSA is reportedly negotiating the terms of the oil-for-debt agreements with Eni and Repsol to receive fuel while still settling long-standing debts owed to the two companies.
Neither Venezuela’s Oil Ministry nor PDVSA has issued statements confirming the alleged halted shipments to Europe or the renegotiation of the swap deals.
Ms. Cat’s Chronicles 
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