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In Exxon’s Orwellian World, Lower Emissions Means More Oil Production

If you answered “all of the above,” congratulations! You have mastered the Orwellian world of Big Oil climate-speak. This is a world where “carbon emissions” means whatever you want it to, where investing in climate solutions is a façade, and where global standards of living are forecasted to rise the hotter it gets. ExxonMobil is …

In Exxon’s Orwellian World, Lower Emissions Means More Oil Production Read More »

27th International Oil, Gas, Refinery and Petrochemical Exhibition in Iran

Middle East Peace Requires Turning Off Iran’s Oil

Amid heightened fears of a wider conflict in the Middle East, our focus must turn to deterring and punishing terrorist aggressors in the region, led by Iran, instead of trying to appease the terrorists by making dangerous concessions. Oil represents the best leverage over Iran, even though it has been overlooked by media commentators, and …

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A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

FRANKFURT, Germany (AP) — For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still largely symbolic. Most of Moscow’s crude — its main moneymaker — cost less than that. But the cap was there in case oil prices rose — and would keep the Kremlin …

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now Read More »

Oil prices jump nearly 6% amid geopolitical tensions, post best day since April

Oil prices jump nearly 6% amid geopolitical tensions, post best day since April

A view from the oil company Tatneft in Tatarstan, Russia on June 04, 2023. Anadolu Agency | Anadolu Agency | Getty Images Oil prices rose more than 5% on Friday as investors remained on edge about escalating geopolitical tensions in the Middle East. U.S. West Texas Intermediate crude futures jumped 5.8% to settle at $87.7 …

Oil prices jump nearly 6% amid geopolitical tensions, post best day since April Read More »

‘I would not forfeit the precautionary approach’ to oil output

Saudi Energy Minister Prince Abdulaziz bin Salman addresses the opening session of the Middle East and North Africa Climate Week in Riyadh, on Oct. 8, 2023. Fayez Nureldine | Afp | Getty Images The influential Saudi and Russia-led oil producers’ alliance is preventively prepared to wait months for guidance from “real numbers” before adjusting policies …

‘I would not forfeit the precautionary approach’ to oil output Read More »

Peak crude demand is fueling anger and argument in the world of oil

An off-shore oil platform off the coast in Huntington Beach, California on April 5, 2020. Leonard Ortiz | MediaNews Group | Orange County Register | Getty Images It’s been a war of words and numbers between two major players in the energy industry – the International Energy Agency and OPEC – as they spar over …

Peak crude demand is fueling anger and argument in the world of oil Read More »

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