Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: Energy

BLM to Allow 37 New Oil & Gas Wells in California; Environmentalists Outraged

This article appeared online at TheNewAmerican.com on Wednesday, October 9, 2019: 

A decision by the Bureau of Land Management (BLM) to allow “up to” 37 natural gas or oil wells to be leased on government property in California has raised the ire of environmentalists, left-wing papers, and liberal green “public interest” law firms.

The press release from the BLM last Thursday sounded scary, and the green movement took maximum advantage of it. BLM said the approval “makes approximately 680,000 acres of Federal mineral estate available for leasing … and another 42,000 acres available” for a total of 722,000 acres now open for bidding by energy developers.

Immediately, the San Francisco Chronicle headlined the coming disaster with a photo of oil derricks dotting the landscape near Bakersfield and a warning that the “Trump administration opens California to new oil drilling; possibly Bay Area, too.” The Sacramento Bee’s headline shouted:

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Aramco IPO Plans Pushed Forward Before Oil Prices Drop Further

This article appeared online at TheNewAmerican.com on Tuesday, September 3, 2019:

Saudi Arabia’s Crown Prince Mohammed bin Salman, known as MBS, just relieved his energy minister, Khalid al-Falih, of his duties concerning the Initial Public Offering (IPO) of his country’s primary asset, ARAMCO (officially, the Saudi Arabian Oil Company). Plans for that offering, first announced in 2018, were to raise $100 billion for the country’s sovereign wealth fund so it could invest the funds to diversify the economy away from its dependence upon oil revenues and bring it into the 21st century.

Plans were delayed for several reasons. First,

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The Plans of the Crown Prince of Saudi Arabia Are Likely to Fail

This article was published by The McAlvany Intelligence Advisor on Wednesday, September 4, 2019: 

There’s just no other way to say it: the Crown Prince of Saudi Arabia, Mohammad bin Salman, or MBS, is a thug. Upon taking control of the country in 2017, he spent the next two years consolidating his power. Human rights groups have complained loudly about the detentions he ordered and the tortures of dissidents he mandated, about the murders he orchestrated, his bombings of Yemen causing the starvation of millions, the arrest of members of the royal family (confiscating their wealth in exchange for their lives), and, last but not least, his ordering the murder of dissident journalist Jamal Khashoggi last October.

But he has big plans. He wants to turn his country into an international showplace, an uber-tourist attraction, a manufacturing mecca, and the economic centerpiece of the Middle East.

It’s going to take billions of dollars and he knows just where to get the money:

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New York City Power Outage an Early Warning

This article appeared online at TheNewAmerican.com on Wednesday, July 17, 2019: 

Last Saturday’s power outage in New York City affected fewer than 100,000 people in a city of 8.6 million. It lasted less than six hours. It was headline news for a brief moment, and then everything returned to normal.

For Douglas MacKinnon, however, it was an early warning that few are taking seriously. MacKinnon served in the White House as a writer for Presidents Ronald Reagan and George H. W. Bush, and afterwards in a joint command at the Pentagon, where he held a top-secret clearance.

Three weeks before the NYC power outage, MacKinnon wrote an eerily ominous and prescient article for Fox News:

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Another Record for U.S. Crude Oil Production: 12 Million Barrels Per Day in April!

This article appeared online at TheNewAmerican.com on Monday, July 1, 2019: 

Two recent reports confirmed the preeminence of the United States in its production of crude oil and its related derivative, natural gas. Earlier this month British Petroleum (BP) released its “Statistical Review of World Energy” for 2019 in which it reported that the United States extended its lead as the world’s top oil producer to a record 15.3 million bpd (barrels per day): 11 million bpd of crude and 4.3 million bpd of natural gas liquids (NGL) in April.

BP added that the United States led all global oil producers by increasing its production by more than two million bpd in 2018, 98 percent of the total new global production.

Friday’s report from the U.S. Energy Information Agency (EIA) overshadowed that from BP, noting that

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U.S. Enjoying Its New Role as World’s Largest Energy Producer

This article was published by The McAlvany Intelligence Advisor on Monday, July 1, 2019:

There’s an old saying in sales and marketing: “There aren’t too many problems that can’t be solved by sufficient production.” Donald Trump is learning that it also applies to production of crude oil and natural gas. Sufficient production solves many problems.

For one, he delivered a clear and distinct message to Middle East oil producers when he pulled his punch last week and canceled a military response to the shooting down of a U.S. drone surveilling the Strait of Hormuz:

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States Win a Significant Victory on Wednesday

This article was published by the McAlvany Intelligence Advisor on Friday, June 21, 2019: 

When the founders were trying to build a government that recognized the dangers inherent in any government – the inevitable tendency for power to grow and freedom to shrink, as Jefferson noted – it limited the federal government to a few enumerated powers with the others reserved to the states or to the people.

This didn’t satisfy the anti-federalists, who insisted that the powers of the federal government be even further restricted. They demanded additional limitations or they would withhold ratification. Thus was birthed the Bill of Rights. Included is the Tenth Amendment, which captures the essence of the Constitution and Americanism itself: “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

President Obama couldn’t have cared less. Back in 2015 he was driven to use the threat of climate change to require the states to implement restrictions on carbon emissions or else his EPA would come in and do it for them.

He called it his “Clean Power Plan.” He based it on two assumptions:

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Trump’s New Plan Puts States Back in Charge of Energy Regulation

This article appeared online at TheNewAmerican.com on Thursday, June 20, 2019:

One of Donald Trump’s key promises while running for president was that, if elected, he would end President Obama’s “war on coal.” On Wednesday the head of the Environmental Protection Agency (EPA) did just that. EPA Administrator Andrew Wheeler finalized his agency’s plans to replace Obama’s “Clean Power Plan” with Trump’s “Affordable Clean Energy” plan.

Wheeler referred obliquely to Obama’s “war on coal” by likening it to the Green New Deal: “The contrast between our approach and the Green New Deal, or plans like it [i.e., Obama’s “Clean Power Plan”], couldn’t be clearer. Rather than Washington telling Americans what type of energy they can use, or how they can travel, or even what they eat, we are working cooperatively with the states to prove affordable, dependable, and diverse supplies of energy that continues to get cleaner and more efficient.”

President Trump added:

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As Oil and Gas Prices Drop, Frackers Declare Bankruptcy

This article appeared online at TheNewAmerican.com on Monday, June 10, 2019: 

Less than two months ago, gasoline prices were headed for $3 a gallon. Today they’re headed for $2 a gallon. This is good news for summer vacationers traveling by car on road trips to theme parks and national parks. Nearly a third of America’s drivers will take a trip by car this summer, burning more than 400 million gallons of fuel every day.

The potential savings are immense, and they’re tax-free.

But not cost free.

U.S. frackers haven’t turned a profit in 10 years, and investors

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Once Marxist Maduro Is Gone, Communist Cuba Is Next

This article appeared online at TheNewAmerican.com on Wednesday, February 27, 2019: 

Communist regimes cannot support themselves, but must rely on outside assistance. Less than a month after communist Fidel Castro came to power in Cuba in 1959 he went to Caracas, Venezuela, hat in hand. He needed Venezuela’s oil and Venezuela’s then-dictator Fulgencio Batista welcomed Castro’s exchange deal: Cuban “assistance” to help stabilize Batista’s tyranny. That assistance came in the form of military and intelligence advisors.

Today those Cuban advisors helping Maduro remain in power number more than 20,000: teachers, coaches, sports trainers, and a large contingent of spies who have infiltrated Maduro’s military and removed dissidents.

When Maduro took over following Hugo Chávez’s death in 2013, he ramped up the deal:

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Hidden Group Blackmails Big Energy to Go Green

This article appeared online at TheNewAmerican.com on Monday, February 25, 2019: 

Recent announcements by major oil, gas, and coal-producing conglomerates that they are now kowtowing in conformity to the Paris Accord have focused the spotlight on the low-profile investor activist group that forced their hands: Climate Action 100+ (CA100+). Launched in 2017, the group boasts “more than 300 investors with over $32 trillion in assets under management” that seek “to ensure that the world’s largest corporate greenhouse emitters take necessary action on climate change.”

Among those investors angling to make the world green by threatening to withhold investment capital include the California Public Employees’ Retirement System (CalPERS), which has $360 billion in assets; Allianz SE (a German investment management company headquartered in Munich), which controls $2.2 trillion; and HSBC Holdings (headquartered in London), with $470 billion under management.

An early success resulting from “negotiations” with top management was Royal Dutch Shell, which agreed to, as Cyril Widdershoven wrote for Oil Price, “officially change its strategy, investing more in renewable energy and energy storage” than they had originally planned. Said Widdershoven:

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U.S. Shale Revolution Continues: Shale Oil Production to Set Record in March, Says EIA

This article appeared online at TheNewAmerican.com on Wednesday, February 20, 2019: 

The report from the U.S. Energy Information Administration (EIA) on Tuesday merely confirmed what the agency predicted just a week earlier: The shale revolution in the United States will not only keep prices of oil and gas low into the foreseeable future, it will make the U.S. a net exporter of energy within 18 months.

The agency expects shale oil production from the seven major shale formations in the country to set a record in March at 8.4 million barrels per day (bpd). This will push total U.S. crude oil production to nearly 12 million bpd, ahead of both Saudi Arabia and Russia.

Bank of America predicts that

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United States Is Now World’s Largest Oil and Gas Producer

This article appeared online at TheNewAmerican.com on Friday, December 7, 2018:

The United States exported more crude oil than it imported last week, for the first time since 1943. The crossing over the threshold to energy independence was inevitable thanks to the fracking revolution and the fading influence of the OPEC cartel that has dictated world oil prices for 60 years. Michael Lynch, president of Strategic Energy & Economic Research, said, “We are becoming the dominant energy power in the world.”

Just last month, U.S. Interior Secretary Ryan Zinke announced that “we are the largest oil and gas producer on the face of the planet, rolling through 11 million [barrels of oil a day] … on our way to 14 [mbd].”

And, along the way, reducing OPEC’s influence. Seniors remember

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OPEC Impotent, Thanks to Saudi-orchestrated Killing

This article appeared online at TheNewAmerican.com on Friday, November 23, 2018: 

Coming out of the emergency meeting by OPEC in Abu Dhabi over the November 10 weekend, Saudi Arabia’s Energy Minister Khalid al-Falih claimed that when the cartel meets officially on December 6 in Vienna, it will “do whatever it takes to balance the oil market.”

That was before evidence of Saudi Arabia’s involvement in the murder of journalist Jamal Khashoggi in early October surfaced. Now the Saudis are faced with trying to “balance” not only global oil market but also their now highly strained relationship with the United States.

President Trump had called on the Saudis to lower oil prices as world crude oil prices moved higher in advance of the sanctions coming on Iran in November. On October 3, the day after Khashoggi was assassinated, American oil prices hit $76 a barrel. When waivers were granted to Iran,

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Dow Loses 800 Points in Two Days — a Forecast of Weakening Economy?

This article appeared online at TheNewAmerican.com on Tuesday, November 13, 2018:

Monday’s selloff in stocks brought the Dow Jones Industrial Average (DJIA) down to 25,377, off more than five percent since early October. Other averages followed suit. Is this decline a harbinger of further declines to come and, more ominously, an end to the one of the strongest economic rebounds in U.S. history?

The president blames the Democrats. On Monday he tweeted that “the prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches.”

Those headaches are likely to be substantial, as far-left House Democrats take over powerful seats in the new Congress. Whether they gain traction is another matter entirely. Featuring such far-left anti-Trumpers as Nancy Pelosi, Maxine Waters, and Elijah Cummings, Democratic efforts could backfire in the 2020 reelection campaigns. Without an apparent legislative agenda, the Democrats will rely on loud and noisy opposition to the president’s policies, which are likely to tire voters two years from now.

The president is already in “retaliation” mode, warning last Wednesday that Democrat subpoenas, harassment, and charges will create a “warlike” atmosphere and that he might do some investigating of them in return.

But are those threats the primary cause of Wall Street’s troubles?

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OPEC: Do “Whatever it Takes” to Balance Oil Market

This article appeared online at TheNewAmerican.com on Monday, November 12, 2018:

Following the emergency meeting attended over the weekend by members of the OPEC cartel and its non-members in Abu Dhabi, Saudi Arabia’s Energy Minister Khalid al-Falih said “We need to do whatever it takes to balance the oil market.” That goal is indicative of OPEC’s increasing nervousness that it is running out of options to counter increasing U.S. oil production. Last month, the EIA (Energy Information Administration) announced that the United States now leads the world in crude oil production, ahead of both Saudi Arabia and Russia.

For many years, the cartel was able to dictate oil policy and prices globally, bending the world oil markets to the cartel’s needs and purposes. Ten years ago,

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OPEC is in a Pickle, Thanks to U.S. Oil Producers

This article was published by The McAlvany Intelligence Advisor on Monday, November 12, 2018:  

In this space a week ago, this writer panned King Hubbard’s “Peak Oil” theory as fracking technology and favorable market conditions for U.S. producers continued to drive world crude oil prices lower. In early October, the price of oil for November delivery was over $76 a barrel. At the market close on Friday, November 2, the price for December delivery was below $63, pushing the oil market close to bear market territory.

The oil market continued its remarkable decline, with December oil futures trading at the close on Friday, November 9, below $60 a barrel.

This has gotten the attention of the oil ministers of OPEC and its hangers-on (like Russia and Oman), and on Saturday they held an emergency meeting in Abu Dhabi, UAE to see what could be done to stop the decline. On Sunday, Saudi Arabia’s oil minister told Oman’s oil minister that, come December, the cartel will cut oil production by a million barrels a day.

Everything was running along smoothly right up through August.

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Oil Prices Below $60; Some Say They Could Drop to $40

This article appeared online at TheNewAmerican.com on Friday, November 9, 2018:

Jim Cramer, the host of CNBC’s Squawk on the Street who never had an unexpressed opinion on things financial, told his viewers on Thursday that with crude oil prices trading down close to $60 a barrel, “I could make a case for the $40s here.” He added, “I’m just saying: look out! The economy in the world is slowing, demand is slowing for oil, and we [U.S. producers] are pumping like mad.”

Cramer’s comments came before word that OPEC, Russia, and other non-OPEC oil producers are meeting this weekend in Abu Dhabi to talk about the slide in oil prices and what they collectively plan to do about it.

The turnaround in investor sentiment has been jaw-dropping.

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U.S. Officially the World’s Largest Crude Oil Producer

This article appeared online at TheNewAmerican.com on Monday, November 5, 2018: 

In an interview with CNNMoney in June, Pioneer Natural Resources Chairman Scott Sheffield said he expected U.S. crude oil production to surpass 11 million barrels a day by this fall, making the United States the world’s top oil producer. Right on schedule the Energy Information Administration announced on Thursday that the U.S. oil industry produced 11.3 million barrels of crude oil a day during August, an increase of 416,000 barrels from the previous month and topping production from Saudi Arabia and Russia. That level of crude oil production is more than 2 million barrels a day ahead of August 2017, the largest increase over any 12-month period in U.S. history.

Sheffield told CNNMoney that “we’ll be at 13 [million] very quickly” and predicted that that number could jump to 15 million in a very few years.

On Wednesday U.S. Interior Secretary Ryan Zinke told Fox News that officially “today we are the largest oil and gas producer on the face of the planet, rolling through 11 million … on our way to 14.”

In less than 10 years, thanks largely to the development of, and continued improvement to, fracking technology, U.S. crude oil production has more than doubled, from 5 million bpd (barrels per day) in 2008 to more than 11 million today.

This has immediate as well as long-term ramifications that extend far beyond gas prices at the pump.

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So Much for King Hubbard’s “Peak Oil” Theory

This article was published by The McAlvany Intelligence Advisor on Monday, November 5, 2018: 

When M. King Hubbard concluded in 1956 that the world would shortly run out of oil, his theory was adopted by environmentalists and government meddlers as the basis for interference in the energy business.

Hubbard’s theory initially predicted that U.S. crude oil production would peak at around 1970. Revisions to the theory pushed the peak date out to 2000 when U.S. crude would hit 12.5 billion barrels per year and then start its inevitable and irreversible decline.

For 2018, U.S. crude oil production will hit 30 billion barrels. So much for Hubbard’s “peak oil” predictions.

But, as Eric Peters (who blogs at EricPetersAutos.com) laments, government interference based on the discredited “peak oil” theory remains firmly in place:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2018 Bob Adelmann