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Energy economics

1316 articles

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Trump adapts US energy strategy

by Thierry Meyssan

Damascus (Syria) | 14 April 2020
While most people are absorbed by the time-distribution measures of the epidemic, the Saudis are questioning the power of their American protector. A showdown between Riyadh and Washington, which was already disrupting the world economy before the spread of Covid-19. President Trump considered taking control of Saudi and Venezuelan oil, which apparently led him to forge new alliances.

G20 Extraordinary Energy Ministers Meeting Statement

Riyadh (Saudi Arabia) | 10 April 2020
We, the G20 Energy Ministers, are profoundly saddened by the human tragedy caused by the COVID-19 pandemic. We convene today against this backdrop of a crisis that, in addition to its direct health and economic and social impacts, has also contributed to the destabilization of global oil and gas markets and compromises energy security for many nations. The impacts on the energy markets, in turn, further deepen the global economic crisis and hinder sustainable development. We agree that (...)

Conclusions of the Extraordinary OPEC and non-OPEC Ministerial Meeting

Vienna (Austria) | 9 April 2020
The 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via webinar, on Thursday, 09 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.
The Meeting welcomed Argentina, Colombia, Ecuador, Egypt, Indonesia, Norway, Trinidad and Tobago and the International Energy Forum (IEF) as observers.
In the meeting, the OPEC and non-OPEC oil producing (...)

Washington could pass anti-OPEC bill

8 April 2020
The US Congress could pass an anti-cartel law targeting the Organization of the Petroleum Exporting Countries (OPEC) to regain control of the world oil market.
For several years, US oil companies have campaigned for free competition in this sector. They have pushed various draft laws in a bid to extend this principle to States, the NOPEC (No Oil Producing and Exporting Cartels Act).
Following the recent drop in world prices below $ 30 a barrel, the US oil producers association reminded (...)

White House planning "oil alliance" with Saudi Arabia

25 March 2020
As Washington takes stock of the Saudi defeat in Yemen and rumors in Riyadh of a possible coup d’etat are rife, Victoria Coates has been nominated US Special Envoy for Energy. She is reported to have arrived in Riyadh where she will reside.
Ms. Coates is suspected of having penned the column published in 2018 by the New York Times, "I am part of the resistance within the Trump administration" and of having written the book: A warning (Une alert) .
Reputed to be close to Donald (...)

Saudi Arabia makes oil price drop to $ 31 per barrel

10 March 2020
The price of crude per barrel plunged 20% on the European markets and 30% on the Asian markets following the quarterly OPEC meeting in Vienna, reaching it’s lowest level in eleven years.
Dismissing proposals to slightly cut its oil production during the current global economic downturn sparked by the coronavirus crisis, Saudi Arabia has aggressively forced prices to plummet.
Saudi Arabia is the main player in the Organization of the Petroleum Producing Countries, of which Russia is only an (...)

Acts of sabotage in Syria

29 January 2020
The energy crisis in Syria is unrelenting. On 21 December 2019, three oil and gas facilities in Homs province were hit by drone attacks. On 28 January 2020, underwater oil pipelines were sabotaged with explosives off Banyias (photo).
Even if it is likely that these attacks and sabotages were carried out by jihadists, there is no conclusive proof.
Syria needs about 100,000 barrels a day. It produced 350,000 before the war, but is currenly down to 24,000. This shortage obstructs the (...)

US strategy and what the gas pipeline war is costing us

by Manlio Dinucci

Rome (Italy) | 30 December 2019
After having forbidden the Chinese company Huawei to compete in the calls for tender for the 5G network, the United States are now forbidding the Europeans to increase their supplies of Russian gas. While the first decision was aimed at maintaining the coherence of NATO, the second is not a result of Russophobia, but of the 1992 « Wolfowitz doctrine » - preventing the EU from becoming a competitor of the « American Empire ». In both cases, the point is to infantilise the EU and keep it in a situation of dependence.

US poised to continue as No. 1 oil producer

6 November 2019
The United States, which is currently the leading oil-producing country thanks to fracking, is expected to hold its position longer than anticipted.
The Organization of the Petroleum Exporting Countries (OPEC) has acknowledged its inability to keep the price of oil at the $ 60 level. Washington may be expected, as from 2022, to start jacking up its prices to ensure the profitability of shale oil extraction in the face of mounting (...)

Mike Pompeo on the U.S. withdrawal from the Paris Agreement

by Mike Pompeo

Washington D. C. (États-Unis) | 4 November 2019
Today the United States began the process to withdraw from the Paris Agreement. Per the terms of the Agreement, the United States submitted formal notification of its withdrawal to the United Nations. The withdrawal will take effect one year from delivery of the notification.
As noted in his June 1, 2017 remarks, President Trump made the decision to withdraw from the Paris Agreement because of the unfair economic burden imposed on American workers, businesses, and taxpayers by U.S. (...)

Syria takes back its oil fields

24 October 2019
On 23 October 2019, President Putin’s Special Envoy in the Middle East, Mikhail Bogdanov, asserted that all Syrian oil and gas sites must return under the control of the Syrian Arab Republic.
President Bashar al-Assad had already granted concessions to Russian companies, which have so far not been able to exploit them.
During the negotiations preceding the Turkish "Operation Peace Spring," the United States had insisted that the Rojava oil fields be operated by US or Israeli companies. (...)

President Donald J. Trump Is Ending the War on American Energy and Delivering a New Era of Energy Dominance

Washington D. C. (États-Unis) | 23 October 2019
The White House
Fact Sheet
“Instead of relying on foreign oil and foreign energy, we are now relying on American energy and American workers like never before.”
President Donald J. Trump
ESTABLISHING ENERGY DOMINANCE: President Donald J. Trump has implemented policies that increase energy production and advance energy independence.
Today, President Trump visited Pennsylvania to speak at the Shale Insight Conference—highlighting the incredible work being done to usher in a new era of (...)

London defends the shreds of its Empire against Iran

by Thierry Meyssan

Beirut (Lebanon) | 23 July 2019
For Thierry Meyssan, the rise of tension in the Gulf has nothing to do with an alleged Iranian threat. In fact, it is the second round of Mossadegh’s anti-imperialist policy, before the mollahs. Just as in 1952, London is ready to go to war to defend its undeserved economic advantages. But if the British won that round, a few years later they would lose in Suez to the United States.

“The art of war”

Who are the arsonists of the petrol tankers in the Gulf?

by Manlio Dinucci

Rome (Italy) | 19 June 2019
Manlio Dinucci invites us to take a step back. He replaces the sabotage of these petrol tankers, for which Washington accuses Teheran, in the context of the global energy policy of the United States. By doing so, he demonstrates that, contrary to appearances, Mike Pompeo is not targeting Iran, but Europe.

Advancing the U.S. Maximum Pressure Campaign On Iran

Washington D. C. (États-Unis) | 22 April 2019
The United States is not granting any Significant Reduction Exceptions to existing importers of Iranian oil. Maximum pressure means maximum pressure.
Secretary Pompeo announced his decision not to grant any Significant Reduction Exceptions to existing importers of Iranian oil.
As the Secretary has said, maximum pressure means maximum pressure. We are fulfilling our promise to get Iran’s oil exports to zero and deny the regime the revenue it needs to fund terrorism and violent wars (...)

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