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Shale fight makes OPEC accept lowest market share since 1991

2 weeks ago DieselGasoil Comments Off on Shale fight makes OPEC accept lowest market share since 1991
By Javier Blas on 6/30/2019 LONDON (Bloomberg) — For almost three decades, OPEC has always pumped at least 30% of the world’s crude oil, creating an informal floor for Saudi Arabia and its allies in the cartel. The level has survived everything from wars and economic crises to terrorist attacks and diplomatic spats. Yet, with Read More

US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer

3 weeks ago DieselGasoil Comments Off on US shale an ‘unmitigated disaster’ with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer

3 weeks ago DieselGasoil Comments Off on US shale an “unmitigated disaster” with industry hundreds of billions in debt – shale pioneer
Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” Steve Schlotterbeck, former chief executive of EQT, a shale gas giant, said at a petrochemicals conference Read More

Great game in Arctic: US eyes military port to counter Russia & China at North Pole

3 weeks ago DieselGasoil Comments Off on Great game in Arctic: US eyes military port to counter Russia & China at North Pole
US lawmakers want its military to challenge Russia and China on the high seas by finding one or more locations for a port that would help feed Washington’s growing appetite for Arctic oil and other natural riches. The National Defense Authorization Act 2020 (NDAA) suggests that the Coast Guard and other branches of the US Read More

Could John Bolton soon be SACKED? Will it avert Iran war? Former CIA agent Kiriakou positive on both

1 month ago DieselGasoil Comments Off on Could John Bolton soon be SACKED? Will it avert Iran war? Former CIA agent Kiriakou positive on both
Hawkish National Security Advisor John Bolton has steered the Trump administration towards multiple conflicts. However, CIA whistleblower John Kiriakou tells RT he’s learned that Bolton’s days in the White House may be numbered. Since joining the Trump administration in April of last year, Bolton has taken the hardest line possible on every geopolitical flare-up. From Read More

Is Keanu Reeves refusing to touch people in photos because of #MeToo? Should we as well?

1 month ago DieselGasoil Comments Off on Is Keanu Reeves refusing to touch people in photos because of #MeToo? Should we as well?
We can’t know for certain if Keanu Reeves is just shy, or wary of potential sexual harassment accusations – but that both are equally plausible is a terrifying indictment of the state of relations between the sexes. A tweet has gone viral with a compilation of photos featuring the Hollywood actor posing together with women, Read More