Tag Archives: Oil

Oil and the Vote

 How Gas Prices, the Value of the Dollar and Midterm Elections are Related     When you drive over to the polling place today, be sure to fill up your tank on the way home. Because if you didn’t notice, gas prices are pretty low. But after years of rising costs why is oil suddenly so cheap? Prices are down, ... Read More »

Russia Presses Ukraine To Pay $2 Billion Gas Debt Amid Crimea Scrap

Russia said Ukraine’s natural gas debt climbed to almost $2 billion and signaled supplies may be cut, ratcheting up pressure on its neighbor as they scrap over the future of the Black Sea Crimea region.

Ukraine hasn’t made its February fuel payment and owes Russia $1.89 billion, according to gas export monopoly OAO Gazprom (OGZD), which halted supplies to Ukraine five years ago amid a pricing and debt dispute, curbing flows to Europe. Lawmakers in Moscow said they’d accept the results of a March 16 referendum on Crimea joining Russia as Arseniy Yatsenyuk, Ukraine’s premier, reiterated that his cabinet deems the vote illegal.

“We can’t supply gas for free,” Gazprom Chief Executive Officer Alexei Miller said in the statement. “Either Ukraine pays off its debt and pays for current deliveries or there’s a risk of a return to the situation we saw at the start of 2009.”

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Former Obama Scientist Now Backs Keystone XL Pipeline

Marcia McNutt, former head of the U.S. Geological Survey under President Barack Obama until 2013 and now top editor at Science magazine, is no longer opposed to the approval of the Keystone XL Pipeline.

 

“I believe it is time to move forward on the Keystone XL pipeline to transport crude oil from the tar sands deposits of Alberta, Canada, and from the Williston Basin in Montana and North Dakota to refineries on the U.S. Gulf Coast,” McNutt wrote in a Feb. 21 editorial in the magazine...

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Ukraine Crisis Means Drill, Baby, Drill

Russia’s invasion of Crimea is a tipping point event that will further spur the American oil boom. The European Union (EU) and United States in 2008 threatened to slap economic sanctions on Russia for invading Georgia. But after a while the criticism faded and threats of sanctions were quietly dropped, because the EU is almost entirely reliant on Russia for energy supplies...

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Green energy feels sold out by Obama

This wasn't supposed to happen. Just 11 months after President Obama made the environment and climate change his top priority in the Inaugural Address, green energy firms are facing abandonment and even fines from his administration, now viewed as cozying up to Big Oil.

Two major events occurred this month that has the green industry yelling “sell out” at the White House...

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