Saturday, May 21, 2022

“Robbing” Syria’s Oil to Thwart Syria’s Recovery

by Salman Rafi Sheikh, New Eastern Outlook:

In the name of what the US president called “securing the oil” or what the Pentagon chose to describe as an attempt to “protect” Syria’s oil, the US is basically indulging in what can, in simple terms, be described as purposeful pillaging of Syria’s natural resources. There are three objectives that the US aims to achieve through this “control” of Syria’s oil. First, it can thwart all attempts towards Syria’s territorial reunification under Damascus. Secondly, it can keep a lid on a critical source of Syria’s economy and can thus thwart Syria’s economic recovery and reconstruction. Thirdly, by “controlling” the oil, the US can clip Kurds and prevent their bid to make a deal with the Russians and the Syrians for integration with Damascus; hence, Pentagon’s “warning” to everyone—Russians and Syrians in particular—-against any attempts at recovering the oil fields. This, however, is equally going to make US-Turkey rapprochement extremely difficult, if not impossible.

Will An Oil Price Spike Be The Next Blow To The Economy?

by Chris Martenson, Peak Prosperity:

Art Berman predicts a 30% price increase in 2021

Like it or not, our modern way of life remains extremely dependent on oil. And even using the rosiest of forecasts, that’s not going to change anytime soon.

Which is why petroleum geologist Art Berman’s prediction of a 30% spike in oil prices later this year is so worrisome.

If it indeed occurs, it will be another painful gut-shot to a global economy still struggling to recover from the damage inflicted by the pandemic.

Was There Another Reason for Electricity Shutdowns in California?

from The Epoch Times:

According to the official, widely reported story, Pacific Gas & Electric (PG&E) shut down substantial portions of its electric transmission system in northern California as a precautionary measure.

Citing high wind speeds they described as “historic,” the utility claims that if they didn’t turn off the grid, wind-caused damage to their infrastructure could start more wildfires in the area.

Perhaps that’s true. Perhaps. This tale presumes that the folks who designed and maintain PG&E’s transmission system are unaware of or ignored the need to design it to withstand severe weather events, and that the Federal Energy Regulatory Commission (FERC) and North American Electric Reliability Corporation (NERC) allowed the utility to do so.

SHALE STOCK LOSES 99% OF ITS VALUE: Investor Warning For The Future Of The Industry?

by Steve St. Angelo, SRSRocco Report:

If you think the carnage taking place in the shale oil companies is nearly over, you couldn’t be more wrong.  I believe the bloodbath in the shale oil stocks has only just begun.  Once we see the majority of shale stocks trading on the pink sheets as penny stocks will we finally close the book on the Greatest Energy Ponzi Scheme in history.

It’s All About Energy & Control

from OPERATION FREEDOM:

TRUTH LIVES on at https://sgtreport.tv/

With America’s help, Saudi Arabia is moving to become a nuclear power

by Alex Christoforou, The Duran:

US may open path for Saudi Arabia to acquire nuclear weapons.

Saudi Arabia may very well the next Middle East country with nuclear power.

The Kingdom is set to strike a deal with the United States for the purchase of nuclear reactors, despite concerns over Saudi refusal to accept restrictions against the proliferation of nuclear weapons.

Via The Middle East Monitor

Crown Prince Mohamed Bin Salman, who is the de facto ruler of the country, has ambitious plans to diversify the country’s energy source and is in the market to purchase nuclear power reactors. The potential for lucrative deals is too good to be missed and the Trump administration is thought to be mulling over loosening US law to win Saudi contracts, worth billions. The Kingdom has refused to be bound by stringent US regulations that restrict reprocessing and enriching uranium for the production of nuclear weapons.

With competitors like Russia and China waiting in the wings, Trump is keen to strike a deal with the Saudi’s and breathe new life into the American nuclear industry.

Finalists to build nuclear power stations along the Kingdom’s desolate Arabian Gulf strip will be announced in the coming months, but it’s not certain if the US will be the one to strike the deal. Israel, despite having its own nuclear arsenal, is strongly opposed to any other country in the Middle East acquiring nuclear weapons and with alliances constantly shifting in the region it may try to derail any deal.

US policy also seeks to limit nuclear weapons proliferation especially in the Middle East but Trump may have no option other than to lower restrictions with Saudi Arabia.

Read More @ TheDuran.com

DC Democrats Claim Victory Over Inflation With Temporary Two Cent Drop in Gasoline Prices – Their Emphasis Explains Why They Need Omicron

from The Conservative Treehouse:

If you were still on the fence about Omicron being created/used specifically because the people behind Biden were worried about gas prices {Go Deep}, you can quit the straddle.

Energy inflation overall, and gasoline inflation specifically, is the Build Back Better communists’ Achilles heel.  The Biden administration is ideologically committed to climate change policy and as a result they have no supply-side tools to stop gasoline prices from necessarily skyrocketing.  They desperately need the fear of Omicron to shut down the demand side.

Texas Deploys National Guard As ‘Grid Chaos’ Leaves Millions Freezing In Darkness

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from ZeroHedge:

Here are the key takeaways from Texas rolling blackouts:

  • Southwest Power Pool Says 17 States Limiting Energy Usage
  •  3.368 million Texans Without Power 
  • Texas Gov. Greg Abbott Calls Up Texas Army National Guard
  • Oncor Electric Delivery Continues To Warn About Extended “Controlled Outages” 
  • Texas Gov. Greg Abbott States Power Grid Not Compromised 
  • Power Crisis Hits Texas And 13 Other States 
  • Southwest Power Pool Declares Energy Emergency Alert Level 3
  • Houston Mayor Sylvester Turner Warns Of More Blackouts 
  • Houston Mayor Sylvester Suspends Air Travel In Houston 
  • ERCOT Wholesale Electricity Prices Plunged From Cap Of $9k per megawatt-hour to around $2.5k
  • Oncor Electric Delivery Extends Rolling Blackouts 
  • 2.7 Million Texans Without Power
  • ERCOT Wholesale Electricity Prices Exceed $9k per megawatt-hour

JOE BIDEN’S VOW TO ‘PHASE OUT THE OIL INDUSTRY’ AND BRING IN GREEN NEW DEAL WOULD DECIMATE THE ECONOMIES OF OHIO, TEXAS, PENNSYLVANIA AND OKLAHOMA

by Geoffrey Grinder, Now The End Begins:

Senate Majority Leader Mitch McConnell said in April of last year that he wanted to make the 2020 election “a referendum on socialism.” That strategy ran into a big problem when Democrats nominated Biden, a candidate who developed a reputation as a moderate during his decades in Washington, for president. Now Biden’s blunt affirmation that “yes” he “would transition” when asked by President Trump on Thursday whether he would “close down the oil industry,” gives Republican candidates ammo.

China Now Home to the World’s Largest Floating Solar Plant

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by Mike Barrett, Natural Society:
In the beginning of June 2017, workers brought a solar energy plant online capable of producing 40 megawatts of power. That’s cool all by itself, but this solar “farm” floats on a manmade lake in China’s Anhui province, and it is the largest floating solar project in the world. [1]

The massive power plant was built by Sungrow Power Supply, and can produce enough energy to power 15,000 homes. The exact size of the operation has not been revealed, but it produces twice as much energy as the previous holder of the largest-floating-solar-plant title, which was launched by Xinyi Solar in 2016.