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

Trump to Top Off the Tank by Replenishing Oil Reserves While Prices Are Low

This article appeared online at TheNewAmerican.com on Sunday, March 15, 2020: 

During his press conference in the Rose Garden on Friday President Donald Trump promised to fill the U.S. Strategic Petroleum Reserve, or SPR, “right up to the top, saving the American taxpayer billions and billions of dollars, helping our oil industry, [and furthering] that wonderful goal — which we’ve achieved, which nobody thought was possible — of energy independence.”

The SPR is the world’s largest reserve of crude oil, with a capacity of more than 700 million barrels stored in salt caverns along the Texas and Louisiana coasts. It was created back when the United States was vulnerable to foreign interference, which vulnerability was exposed during the 1973-1974 oil embargo.

It currently holds about 635 million barrels, and the president’s order to “top it off” will take some 430,000 barrels every day off the world oil markets for the next six months.

Oil prices have been pummeled thanks not only to the perceived threat that the COVID 19/coronavirus will cut worldwide demand but

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OPEC Cartel Failure Drops Oil Prices, Rattles Markets

This article appeared online at TheNewAmerican.com on Monday, March 9, 2020:

Following the failure of a meeting by members of the oil cartel known as OPEC (Organization of the Petroleum Exporting Countries) in Vienna last week to extend its production cuts, Saudi Arabia’s oil company, Aramco, announced price cuts across all markets and an increase in its production.

The failure came on the heels of an announcement by the International Energy Agency (IEA) that it had reversed its previous estimate that demand for oil would increase in 2020 and predicted that worldwide oil demand would drop by 700,000 barrels a day instead. That announcement was historic, the biggest drop in demand in a decade.

It also occurred at a time when the concerns over COVID 19/coronavirus had reached panic proportions, leaving hotel rooms, airlines, and tour companies facing sharp declines in passenger bookings.

In other words,

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Faceoff Between Trump and Thunberg at Davos Was a Bust

This article appeared online at TheNewAmerican.com on Wednesday, January 22, 2020: 

Cain Burdeau, writing for Courthouse News, hoped for more drama at Davos as Greta Thunberg (the “voice of climate change”) and Donald Trump, the president of the United States, were expected to confront each other over the climate-change issue. Instead, Trump “said nothing about global warming, called climate activists [without mentioning Thunberg by name] ‘prophets of doom’, and touted a future where ‘virtually unlimited energy reserves’ from fossil fuels and other polluting energy sources will keep factories humming while government cuts regulations and taxes.”

Thunberg set the table for the confrontation in a nearly unintelligible speech given just hours before Trump’s arrival, in which she stated,

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Rainforest Action Network Celebrates Victory Over Goldman Sachs

This article was published by The McAlvany Intelligence Advisor on Wednesday, December 18, 2019: 

The motto of the far-left green group Rainforest Action Network (RAN) is “environmentalism with teeth.” Its strategy is simple: pressure a noncompliant entity with “direct action” until it folds, and then move on to its next victim.

It targets a company or a bank, makes demands that it change its ways, and then, if it resists, RAN initiates a campaign of negative publicity, boycotts, and high-profile acts of civil disobedience until it folds. Funded by left-wing foundations like Ford, Rockefeller, and Turner, RAN focuses on lenders to the fossil fuel industry.

It claimed its first victim on Monday:

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Aramco IPO Is a Hollow Victory for Saudi Arabia’s Prince

This article appeared online at TheNewAmerican.com on Monday, December 19, 2019: 

At the end of trading on the first day of the public offering of shares in Aramco — Saudi Arabia’s “crown jewel” and the world’s most profitable company — the company’s CEO Amin Nasser said he was pleased:

We are happy on the results today. And you have seen the market responds to our results, the company will continue to be the leader globally when it comes to the energy sector and at the same time we are looking at sustained and growing dividends to our investors. At the same time we continue our growth strategy, increasing profitability across cycles.

On the other hand, Ellen Wald, author of Saudi, Inc. — her look behind the façade of Crown Prince Mohammed bin Salman’s ruthless oil empire — called the first day’s results a

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Saudi Aramco’s IPO Too Risky: Institutional Investors Shying Away

This article appeared online at TheNewAmerican.com on Monday, December 2, 2019: 

The “road show” designed to build investor interest and demand for shares of Saudi Aramco’s initial public offering (IPO) ends on Wednesday and the early results are disappointing, to say the very least.

Crown Prince Mohammed bin Salman (MBS) thought back in 2016 that he could sell a tiny piece of his country’s crown jewel, the Saudi Arabian Oil Company (Aramco) and raise $100 billion. He had big plans to invest those proceeds in diversifying his country’s economy away from its near total reliance upon oil revenues for its sustenance and for the maintenance of its welfare state.

Now, however, he’ll be lucky to get a quarter of that. And most of what he gets will come from pressure, threats, intimidation, and manipulation.

The New American has outlined the risks to those investors residing outside the Middle East, including:

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Saudi Arabia’s Aramco’s “Road Show” Ends on Wednesday; Shares to be Offered a Week Later

This article was published by the McAlvany Intelligence Advisor on Monday, December 2, 2019:

This writer published an article here in November (see Sources below) outlining the risks of investing in Aramco’s IPO. Lest there be any confusion on the matter, neither that article nor this one is intended to be investment advice.*

This follow-up article will let the facts and the risks speak for themselves. Putting it simply: because of those facts and risks, the Crown Prince is likely to be sorely disappointed with the final results of his IPO when it comes to market on December 11.

Crown Prince Mohammed bin Salman (MBS) thought back in 2016 that

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Run, Do Not Walk, Away from the Aramco IPO

This article was published by The McAlvany Intelligence Advisor on Monday, November 18, 2019: 

Even before becoming the crown prince, Mohammed bin Salman (MBS) had big dreams. If he could raise $100 billion, he might be able, if he moved swiftly enough, to keep his kingdom from becoming irrelevant.

He posited the idea in 2016: sell five percent of the government’s only asset – Aramco, officially the Saudi Arabian Oil Company – to unsuspecting investors who think that it’s worth $2 trillion. In 2018, he began to draw up plans to redirect the country’s total dependence upon oil revenues towards real estate development, tourist destinations, industrial parks, improved transportation, and other infrastructure improvements. He called it his “Vision 2030.”

His path became twisted, slowing the initial offering of shares. He met resistance from inside the kingdom, so he had to do some housecleaning. There was the murder and dismemberment of Washington Post journalist Jamal Khashoggi last October, which MBS denied any knowledge of, but which forced Fitch Ratings to downgrade the government’s credit rating. And then there were the attacks on the company’s oil fields in September, letting all the world see just how vulnerable those facilities are in a highly volatile and explosive Middle East.

Nevertheless, Aramco, MBS’s “crown jewel” announced on Sunday that it is only offering 1.5% of itself for sale in December, at a price far less than MBS had hoped for. And if things don’t meet even those minimum, now greatly reduced expectations, he could pull the offering altogether before it goes public in December.

Analysts looking through the 600-page prospectus that was released last week on the deal aren’t impressed,

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Saudi Aramco IPO to be Huge Disappointment

This article appeared online at TheNewAmeican.com on Sunday, November 17, 2019:  

Saudi Arabia’s “crown jewel” — Aramco, officially the Saudi Arabian Oil Company — announced on Sunday that it is only offering 1.5 percent of itself for sale in December, at a price far less than Crown Prince Mohammed bin Salman (MBS) had hoped for. And if things don’t meet even those minimum now greatly reduced expectations, the company could pull the offering before it goes public in December.

When first floated in 2016, MBS suggested he could sell five percent of the state-owned and controlled oil company and receive $100 billion to jump start his Vision 2030. He assumed that his “jewel” is worth $2 trillion.

Analysts looking through the 600-page prospectus that was released last week on the deal aren’t impressed, with many suggesting a much lower valuation, perhaps as low as just $1 trillion. That could turn MBS’s dream into a nightmare. If the offering goes well, he might receive $25 billion. If it doesn’t go well

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Mainstream Media Promotes Phony Study that Supports Their Climate Change Agenda, and Gets Caught

This article was published by the McAlvany Intelligence Advisor on Wednesday, November 13, 2019:

In their eagerness to promote their climate change agenda, the mainstream media grasped hold of a phony study and called it real. The outfit that released the study sounds legit. After all, it’s a prestigious nonprofit with goals that sound honorable. Headquartered in McLean, Virginia, it publishes a journal called BioScience, which it claims contains nothing but peer-reviewed articles. It seeks “to advance public policy, education, and the public understanding of science,” according to Wikipedia, and “promote an increased understanding of all life,” according to its own website. It claims that “AIBS’s ability, resilience, and integrity are the keys to our success.”

Each of those keys is being sorely tested now that it was learned that many of the 11,000 so-called “scientists” that approved of and supported the warning weren’t scientists after all. The signers included an “animal behavior” teacher in Valencia, a “scientist emeritus” in Canada, a “researcher” in the Czech Republic, a “professor” from Argentina, a “student” from a “neotropical biodiversity institute” somewhere, an obstetrician from Brussels, a Spaniard who’s into “biologo,” a Turkish mathematician, and a Finnish engineer.

Also approving the warning were “Mouse, Mickey” from the “Mickey Mouse Institute for the Blind, Nambia,” Albus Dumbledore, headmaster of Hogwarts, and Araminta Aardvark from the University of Neasden.

But none of this deterred august members of the Fourth Estate from reporting favorably on the warning, as its recommendations lined up with the standard global warning demands being pushed by the likes of Alexandria Ocasio-Cortez and others. NBC News called it

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Saudi Arabia’s Aramco IPO Fraught With Danger for Investors

This article appeared online at TheNewAmerican.com on Monday, November 4, 2019:  

When Saudi Arabia’s crown jewel, oil producer Aramco (officially called the Saudi Arabian Oil Company), announced on Sunday its “intention to float” some shares in the long-awaited initial offering of shares of the state-owned oil company to the investing public (an IPO, or Initial Public Offering), it triggered two events: a “road show” or “book building” tour by the company to generate enthusiasm among mostly institutional investors for the upcoming offering of shares in December; and the issuing of a “prospectus” outlining the risks entailed by that offering. The prospectus is due out next week.

Investors would do well to read that prospectus very carefully before investing. Though it might not include every risk a new investor would be taking in buying shares when they come to market in December, those risks that will be exposed should provide plenty of reasons to exercise caution before investing.

At the press conference heralding the plan, Aramco Chairman Yasir el-Rumayyan declared:

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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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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2021 Bob Adelmann