by Steve St. Angelo, SRSRocco Report:
The United States became a net oil exporter for the first time in 75 years, or so they say. While the U.S. may indeed be exporting more petroleum than it imports from time to time, there’s a dirty little secret behind the data. And one of those secrets overlooked by some energy analysts and the press is that the U.S. still imports 7 million barrels per day of oil.
by Michael Snyder, End Of The American Dream:
What if what you have been told over and over again is not really the truth? For weeks, the mainstream media has been telling us that Iran is getting dangerously close to having nuclear weapons. And now that the Iranians have publicly admitted that their uranium stockpile has exceeded the limit set by the nuclear deal, there is a lot of buzz that either the United States or Israel may soon strike Iran in order to prevent their nuclear program from proceeding even further. But of course once the missiles start flying, it is going to be just about impossible to stop a major war from erupting in the Middle East. Before we get involved in such a war, we better make absolutely certain that Iran does not already have nuclear weapons, because a war with a nuclear-armed Iran could be absolutely cataclysmic. If the Iranians felt that the survival of their regime was on the line, they would not hesitate to throw everything that they have at Israel and at U.S. forces in the region. Unfortunately, very few people are talking about the well known evidence that Iran has had their hands on nukes for a long time.
from Sputnik News:
Has Breached Nuclear Deal by Stockpiling Over 300 kg Enriched Uranium
Iranian Foreign Ministry Javad Zarif confirmed Monday that Tehran has breached the 2015 nuclear deal by stockpiling over 300 kilograms (660 pounds) of enriched uranium, Iranian Students’ News Agency has reported.
“According to its previously announced plans, Iran has exceeded the 300 kilogram limit of enriched uranium stockpile,” Zarif said.
by James Corbett, The International Forecaster:
“Be afraid!” say the repeaters of mockingbird media. Afraid of who? Afraid of Iran, of course.
Oh, haven’t you heard? The Iranian government’s stockpile of enriched uranium is about to surpass 300 kilograms! And Iran’s store of heavy water is about to surpass 130 metric tons! Don’t you understand? This will exceed the limits on these materials set out in the Iran nuclear deal, the Joint Comprehensive Plan of Action (JCPOA)! And the dastardly Iranian government is not only embarrassed by these actions, but openly taking steps to end (some of) their commitments under the JCPOA!
by Steve St. Angelo, SRSRocco Report:
Is the mighty Bakken Shale Oil Field finally peaking? Well, according to the data from the folks at the North Dakota Department of Mineral Resources, oil production in the Bakken has been flat for the past six months. And, to make matters worse, production has been flat even though oil prices increased from a low of $42 in January to the mid $60’s in April.
So, something seriously wrong is going on in North Dakota. What a difference in the Bakken’s recent oil supply compared to the field’s heyday when production surged from 300,000 barrels per day in 2011 to over 1.1 million barrels per day in 2014. Furthermore, the oil price the shale companies in the Bakken are receiving is now $48 a barrel versus the West Texas Intermediate price of $57.
from Russia Insider:
Sooner or later the US “maximum pressure” on Iran would inevitably be met by “maximum counter-pressure”. Sparks are ominously bound to fly.
For the past few days, intelligence circles across Eurasia had been prodding Tehran to consider a quite straightforward scenario. There would be no need to shut down the Strait of Hormuz if Quds Force commander, General Qasem Soleimani, the ultimate Pentagon bête noire, explained in detail, on global media, that Washington simply does not have the military capacity to keep the Strait open.
from Russia Insider:
No one told rookie troops to shoot cows in Chernobyl and the miners there never worked naked, Major General Nikolai Tarakanov, who headed the real ‘liquidators’ in 1986, has told RT’s documentary channel.
Tarakanov praised other aspects of the show, adding that the actor who played him in the HBO hit did a “great job.”
by Steve St. Angelo, SRSRocco Report:
Few analysts realize that for the past decade, the global economy has been propped up by the U.S. Shale Oil Ponzi Scheme. Without the huge increase in U.S. shale oil production, the global economy would have peaked and collapsed into a severe depression. And according to the new data put out in the 2019 BP Statistical Review, of the total global oil production increase in 2018 over 2017, the United States accounted for a stunning 84% of that growth.
from Sputnik News:
The development comes a day after the Tasnim News Agency reported that Iran would announce further steps towards scaling back its commitments under the 2015 nuclear deal amid a new set of US sanctions against Tehran.
Spokesman of the Atomic Energy Organisation of Iran (AEOI) Behrouz Kamalvandi was cited by the ISNA as saying on Monday that the country will break its uranium stockpile limit set by the Joint Comprehensive Plan of Action (JCPOA), also known as the Iran nuclear deal, in 10 days.
from The Anti Media:
The New York Times is reporting that the United States is cyber attacking Russia’s electric power grid and other targets—and that President Donald Trump is being kept out of the loop.
“The American strategy has shifted more toward offense, officials say, with the placement of potentially crippling malware inside the Russian system at a depth and with an aggressiveness that had never been tried before.”
Trump has not been briefed on the operation because of “the possibility that he might countermand it or discuss it with foreign officials.”
by Tom Luongo, Tom Luongo:
All of President Trump’s foreign policy can be summed up by two themes, making the world safe for Israel and controlling the price of energy.
He calls the latter “Energy Dominance.” And to those who still believe Trump has a plan, these two things are the only ones consistently in evidence.
His reactions to things contrary to his plan, however, are purely limbic.
These two themes converge completely with Iran. Trump wants Iran neutered to force Jared Kushner’s now-delayed again, “Deal of the Century” onto the Palestinians while also taking Iran’s oil off the market to support surging U.S. domestic production in the hopes of taking market share permanently.
by Tony Cartalucci, Activist Post:
The US Department of Energy (DOE) recently renamed US liquefied natural gas (LNG) exports “freedom gas.” But freedom for who? For Europe who already has a cheap and reliable source of natural gas, but is being forced to switch over to more expensive US gas under the threat of sanctions? Certainly not.
Or freedom for Russia who supplies Europe with much of its natural gas to compete openly and fairly with the United States? Most definitely not.
Or is it freedom from competition for the US? Yes, indeed.
from Fellowship Of The Minds:
Man on a mission to destroy the US coal industry.
From Yahoo: Michael Bloomberg, the former mayor of New York City, will donate $500m to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas, his foundation said on Thursday.
The new campaign, called Beyond Carbon, is designed to help eliminate coal by focusing on state and local governments. The effort will bypass Washington, where Mr. Bloomberg has said national action appears unlikely because of a divided Congress and a president who denies the established science of climate change.
by Thomas Simms, Coin Telegraph:
The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future, according to a report by Snob.ru on June 6.
Igor Sechin said the industry’s acceptance and awareness of digital assets is beginning to rise as Silicon Valley tech giants including Google, Amazon and Apple begin to explore the oil and gas sector.
While he suggested that the stablecoin Facebook is currently developing could one day be used to purchase oil by the barrel, Sechin warned there are some hurdles that cryptocurrencies need to overcome if they are to pique the interest of energy giants. He was quoted as saying:
