By John Pardue | – Hurricane Laura plowed through the heart of Louisiana’s oil and chemical industries as a powerful Category 4 storm, leaving a chlorine plant on fire and the potential for more hazardous damage in its wake. The burning BioLab facility sent dark smoke and chlorine gas into the air over the small […]
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Petroleum
Will China’s bruited $400 Bn. investment in Iran make Beijing an Oil Gulf Power?
By Niranjan Jose | – ( Middle East Monitor ) – The relationship between China and Iran has been in the spotlight recently. A huge, 25-year deal is reportedly being considered that would see $400 billion of Chinese investment in Iranian energy and transport infrastructure. The deal is the latest effort by Beijing to expand […]
Trump admits War Crime in Syria as Damascus Slams US ‘Oil Theft’
Ann Arbor (Informed Comment) – Last Monday, CNN reports US troops on patrol in eastern Syria were allowed to move through Syrian territory by the Syrian Arab Army, but then abruptly a small unit of Syrian troops fired on them. The US soldiers fired back, and took no casualties, but killed a Syrian soldier. There […]
The rise of the Middle Kingdom in the Middle East: Iran, Gulf Oil and China:
By Arhama Siddiqa | – ( Middle East Monitor) – China’s Belt and Road Initiative (BRI) stands as the most prominent example of the pivotal shift in Chinese foreign policy from Deng Xiaoping’s “bide and hide” philosophy to the current ambitious endeavours. The BRI is a titanic project focused on increasing connectivity by opening up […]
“Never Seen a Decline of this Magnitude” – ExxonMobil, Crashed by Covid, gets taste of looming Electric Vehicle Crisis
Ann Arbor (Informed Comment) – Ashton Nichols at The Dallas Morning News reports that ExxonMobil lost over $1 billion in the second quarter, up from a $600 million lost in the first. Year on year, its revenues are down 33% for the first half of this year. It has been forced to close down half […]
Yemen: Houthi Stonewalling on Leaking Oil Supertanker endangers Red Sea Ecology, 30 Million Livelihoods
( Human Rights Watch) – Houthi authorities in Yemen should immediately permit United Nations experts access to a supertanker moored off Yemen’s coast that risks spilling over a million barrels of crude oil into the Red Sea, Human Rights Watch said today. The UN says a spill would have catastrophic environmental and humanitarian consequences, including […]
Was February ’20 Peak Oil Demand? Petroleum might never Recover From Covid-19 and EVs
Ann Arbor (Informed Comment) – Julien Mieville at AFP asks the big question: Has global demand for petroleum peaked? The meme of “peak oil” once referred to the notion that production would at some point peak and then fall, driving prices sky high, but that theory developed before the fracking revolution and was never very […]
Libya: Is the Russia-Turkey Conflict Heightening over Oil-Rich Sirte?
Belgrade (Special to Informed Comment) – The Libya’s civil war intensifies as Russia and Turkey are expected to negotiate the fate of strategically important coastal city of Sirte. The control of the oil rich province, as well as Jufra airbase, seems to be a top priority for both, Moscow and Ankara. Turkey’s President Recep Tayyip […]
The Turko-Russian War for Oil and Gas in Libya Intensifies
Belgrade (Special to Informed Comment) – Frenemies Russia and Turkey have put their conflict in Syria on hold, but they have intensified their rivalry in another proxy conflict. In Libya, clashes between Moscow-backed Libyan National Army (LNA) and Ankara-backed Government of National Accord (GNA) escalated, as the US Africa Command accused Kremlin of deploying military […]