Gazprom To Sign Monumental Gas Deal With China

Gazprom to sign monumental gas deal with China  (RT, May 19, 2014):

Russia and China are due to sign a long-awaited gas contract on Tuesday, in which Beijing could pay up to $456 billion for Russian gas over the next 30 years.

While Russian President Vladimir Putin visits Shanghai on May 20-21, Gazprom and the China National Petroleum Corporation (CNPC) are due to sign a deal for 38 billion cubic meters of natural gas to power China’s growing economy, starting in 2018.

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TransCanada Natural Gas Pipeline Explodes Near Winnipeg

TransCanada natural gas pipeline explodes near Winnipeg
This photo, provided by Royal Canadian Mounted Police, shows the TransCanada natural gas pipeline fire on Jan. 25, 2014.

TransCanada natural gas pipeline explodes near Winnipeg (AL Jazeera, Jan 25, 2014):

A natural gas pipeline operated by TransCanada exploded and caught fire in a rural part of western Canadan early on Saturday, putting fresh focus on the firm’s safety record ahead of a crucial White House decision over a controversial cross-border project.

The explosion happened near Otterburne, Manitoba, about 15 miles south of the provincial capital, Winnipeg. The area was evacuated as a precaution, said the National Energy Board (NEB), which oversees parts of Canada’s energy industry. No injuries were reported but the fire burned for more than 12 hours.

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FLASHBACK: Former UK Ambassador: CIA Sent People To Uzbekistan For Extreme Torture: ‘Raped With Broken Bottles’ – ‘Boiled Alive’ – ‘Having Their Children Tortured In Front Of Them’

Former UK ambassador: CIA sent people to Uzbekistan for extreme torture, to be ‘raped with broken bottles,’ ‘boiled alive’ and ‘having their children tortured in front of them’ (Nov 4, 2009)

‘The Real Threat: Acid Jobs’

Insight: California environmentalists fear frack fight a distraction (Reuters, May 28, 2013):

As California sets the ground rules for drilling in the Monterey oil formation, a hard-to-reach shale reserve that is the largest in the United States, some environmentalists worry that politicians, regulators and fellow activists are fighting the wrong battle.

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As Cyprus Prepares For Total Financial Collapse, It’s A Race To The Mediterranean Gas Finish Line

As Cyprus Collapses, It’s A Race To The Mediterranean Gas Finish Line (ZeroHedge, March 22, 2013):

Cyprus is preparing for total financial collapse as the European Central Bank turns its back on the island after its parliament rejected a scheme to make Cypriot citizens pay a levy on savings deposits in return for a share in potential gas futures to fund a bailout.

On Wednesday, the Greek-Cypriot government voted against asking its citizens to bank on the future of gas exports by paying a 3-15% levy on bank deposits in return for a stake in potential gas sales. The scheme would have partly funded a $13 billion EU bailout.

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How A Spanish Scam Artist Punk’d The Ukraine For $1.1 Billion

How A Spanish Scam Artist Punk’d The Ukraine For $1.1 Billion (ZeroHedge, Dec 4, 2012):

A snapshot of (quite amusing) “New Normal” dealmaking in the insolvent continent.From OilPrice:

Ukraine Crushed in $1.1bn Fake Gas Deal

Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark Ukraine-Spain gas deal that would have loosened Russia’s gas grip on Kiev.

Everyone wondered how Russia would respond to Ukraine’s attempt at gas independence. But this is what happens when you mess with Gazprom.

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The One Chart That Will Infuriate Drivers (If Not Big Oil)

The One Chart That Will Infuriate Drivers (If Not Big Oil) (ZeroHedge, Dec 4, 2012):

We have all said it. Anecdotally, it feels like when oil prices rise, gas prices at the pump rise; but when turmoil pauses in global geo-politics– or some entity decides that high oil prices just will not do for the world’s economy –gas prices at the pump seem not to drop so quickly. Yes there are pipeline, inventory (and even tax) issues but the following chart suggests ‘gouging’ on a national level…

Greece Is Not Poor – It Actually Has Massive Untapped Reserves Of Gold, Oil And Natural Gas Worth TRILLIONS OF DOLLARS

Greece Is Not Poor – It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas (Economic Collapse, Oct 15, 2012):

It turns out that the poster child for the European debt crisis is not actually poor at all.  In fact, the truth is that the nation of Greece is sitting on absolutely massive untapped reserves of gold, oil and natural gas.  If the Greeks were to fully exploit the natural resources that are literally right under their feet, they would no longer have any debt problems.  Fortunately, this recent economic crisis has spurred them to action and it is now being projected that Greece will be the number one gold producer in Europe by 2016.  In addition, Greece is now opening up exploration of their massive oil and natural gas deposits.  Reportedly, Greece is sitting on hundreds of millions of barrels of oil and gigantic natural gas deposits that are worth trillions of dollars.  It is truly sad that Greece should be one of the wealthiest nations in all of Europe but instead the country is going through the worst economic depression that it has experienced in modern history.  It is kind of like a homeless man that sleeps on the streets every night without realizing that a relative has left him an inheritance worth millions of dollars.  Greece is not poor at all, and hopefully the people of Greece can learn the truth about all of this wealth and chart a course out of this current mess.I have written extensively about the nightmarish economic conditions that Greece is experiencing right now.  Just check out this article, this article and this article.  Since the depression began in Greece, the Greek economy has contracted by more than 20 percent.  In April 2010, the unemployment rate in Greece was only 11.8 percent.  Since then it has skyrocketed to 25.1 percent.

The government debt to GDP ratio in Greece is projected to hit 198 percent this year, and there are persistent rumors that Greece will be forced to leave the euro.

But all of this is completely and totally unnecessary.  Greece is not actually poor at all.  In fact, after you account for untapped natural resources, Greece is actually one of the wealthiest nations in all of Europe.

According to Bloomberg, there is a massive amount of gold in Greece.  This recent economic crisis has accelerated the approval of mining activity, and it is now being projected that Greece will soon be the number one gold producing country in all of Europe…

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William Engdahl: Syria, Turkey, Israel And A Greater Middle East Energy War

Syria, Turkey, Israel and a Greater Middle East Energy War (Veterans Today, Oct 11, 2012):

Syria, Turkey, Israel and a Greater Middle East Energy War

…by  F. William Engdahl


Pipeline Roulette

On October 3, 2012 the Turkish military launched repeated mortar shellings inside Syrian territory.

The military action, which was used by the Turkish military, conveniently, to establish a ten-kilometer wide no-man’s land “buffer zone” inside Syria, was in response to the alleged killing by Syrian armed forces of several Turkish civilians along the border.

There is widespread speculation that the one Syrian mortar that killed five Turkish civilians well might have been fired by Turkish-backed opposition forces intent on giving Turkey a pretext to move militarily, in military intelligence jargon, a ‘false flag’ operation.[i]

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David Letterman On Fracking: ‘We’re Screwed’ (Video)


YouTube Added: 21.07.2012

Description:

On Wednesday July 18.2012 night’s “Late Show”, host David Letterman took several minutes to share his thoughts on fracking. Scolding the “greedy oil and gas companies of this country,” Letterman said, “Ladies and gentlemen, we’re screwed”.

Watch a clip of Letterman’s rant above and watch the entire July 18 “Late Show” episode at CBS.com: http://goo.gl/AzSps

Don’t miss:

Human-Made Earthquakes Reported In Central U.S (Reuters)

US Government Confirms Link Between Earthquakes And Fracking

European Gas Giant Backs French Fear Of Fracking

Texas Forces Firms To Open Up On ‘Fracking’

Fracking Hell: Toxic And Radioactive Waste – The Untold Story

The Oil and Gas Industry’s 800-Pound Gorilla: RADIATION!

‘Fracking’ Result (= Contamination) For UK Shale Gas Will Be Kept Secret Until 2015

US: Natural Gas Wells’ Contaminated Water Hits Rivers

GASLAND Trailer 2010 (Documentary)

EU Prepares For Potential Gas Crisis

See also:

‘Russian Winter Goes EXTREME’ (Pravda): -50 Degrees Celsius In Siberia …. Video: ‘USDA Says NEW WARM LATITUDES Shift North = Russia/Sibera North Pole’


EU prepares for potential gas crisis (AP,  Feb. 3, 2012):

BRUSSELS (AP) — The European Union is bracing for another potential energy crisis in the dead of winter as Russian gas supplies to some member states have suddenly dwindled by up to 30 percent.

The European Commission put its gas coordination committee on alert Friday, but insisted the situation had not yet reached an emergency level as nations have pledged to help each other if needed and storage facilities have been upgraded.

Commission spokeswoman Marlene Holzner said Russia was going through an extremely cold spell and needed more gas to keep its citizens warm.

She said that Russia’s gas contracts “allow for certain flexibility in case they also need the gas. And that is the situation that Russia is facing at the moment.” The severe winter in Russia has seen temperatures drop to minus 35 C (minus 30 F).

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US Government Confirms Link Between Earthquakes And Fracking

Flashback:

Fracking Hell: Toxic And Radioactive Waste – The Untold Story


U.S. Government Confirms Link Between Earthquakes and Hydraulic Fracturing (ZeroHedge, Nov. 9, 2011):

On 5 November an earthquake measuring 5.6 rattled Oklahoma and was felt as far away as Illinois.

Until two years ago Oklahoma typically had about 50 earthquakes a year, but in 2010, 1,047 quakes shook the state.

Why?

In Lincoln County, where most of this past weekend’s seismic incidents were centered, there are 181 injection wells, according to Matt Skinner, an official from the Oklahoma Corporation Commission, the agency which oversees oil and gas production in the state.

Cause and effect?

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European Gas Giant Backs French Fear Of Fracking

See also:

Texas Forces Firms To Open Up On ‘Fracking’

Fracking Hell: Toxic And Radioactive Waste – The Untold Story

The Oil and Gas Industry’s 800-Pound Gorilla: RADIATION!

‘Fracking’ Result (= Contamination) For UK Shale Gas Will Be Kept Secret Until 2015

US: Natural Gas Wells’ Contaminated Water Hits Rivers

GASLAND Trailer 2010 (Documentary)


European Gas Giant Backs French Fear Of Fracking (Forbes, Sep. 22, 2011):

Europe’s largest natural gas firm, the Paris-based GDF Suez, agrees with the French government that hydraulic fracturing must be made safer for the environment before it is used to develop natural gas from shale resources in Europe.

“There will be no development of shale gas (in France) without the maximum of measures to protect the environment,” Gerard Mestrallet, the chief executive officer of GDF Suez, said in an interview with Bloomberg. France banned hydraulic fracturing earlier this year , despite the potential for extensive shale gas development in Southern France.

“There are concerns about the environmental impact,” Mestrallet said. “Probably it can be improved and probably it has to be improved.”

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Texas Forces Firms To Open Up On ‘Fracking’

Don’t hold your breath:

Fracking Hell: Toxic And Radioactive Waste – The Untold Story

The Oil and Gas Industry’s 800-Pound Gorilla: RADIATION!

‘Fracking’ Result (= Contamination) For UK Shale Gas Will Be Kept Secret Until 2015

US: Natural Gas Wells’ Contaminated Water Hits Rivers

GASLAND Trailer 2010 (Documentary)


Texas forces firms to open up on ‘fracking’ (Independent, 22 June 2011):

For years, the industry in the US has refused to declare what toxic chemicals it uses during fracking, a policy that has bred public mistrust and accusations of pollution

As the spiritual home of big oil, Texas may fairly be seen to be to environmentalism what its official food, chilli con carne, is to vegetarianism.

But that hasn’t stopped the state becoming the first corner of America to require energy firms to disclose information about the chemicals they are pumping into the ground in order to release natural gas during the hugely controversial process of “hydraulic fracking”.

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State of Energency: New Egypt To Shut Off Gas To Israel?


Added: 14.06.2011

The toppling of President Mubarak in Egypt is now turning up the heat on Cairo’s gas supply deal with Israel.

Egyptian officials are probing allegations the agreement was a scam, orchestrated by the Mubarak family. Cairo’s reportedly considering raising gas export prices to Israel – or even suspending supplies altogether.

Goldman Sachs: $5 Gas

Comin’ this summer… $5 gas (New York Post, May 29, 2011):

The forecast for the summer driving season: Hit the road early. Not to beat the traffic, but to beat the higher gas prices expected in mid-July.

Goldman Sachs’ crystal ball is proclaiming that oil will soon soar to $135 a barrel, and likely have service stations jacking up fuel prices to $5 a gallon in New York just like the summer of 2008 that preceded the recession.

Indeed, analysts say Goldman and the other oil trading giant that also has the might to move prices, JPMorgan Chase, have already placed their energy bets for the summer. JPMorgan predicts oil hitting $130 a barrel in the coming weeks.

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Gasoline Cost to Jump $700 For Average US Household

WASHINGTON (Reuters) – U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28 percent from last year, the Energy Department said on Wednesday.

The average U.S. household will spend about $700 more for gasoline in 2011 than it spent last year, bringing total motor fuel expenses up 28 percent to $3,235, based on an annual pump price of $3.61 a gallon, the department’s Energy Information Administration said.

Retail gasoline prices soared by 38 cents over the last three weeks to $3.52 per gallon, according to the EIA, because of high crude oil costs due to unrest in the Middle East.

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The Oil and Gas Industry’s 800-Pound Gorilla: RADIATION!

See also:

‘Fracking’ Result (= Contamination) For UK Shale Gas Will Be Kept Secret Until 2015

US: Natural Gas Wells’ Contaminated Water Hits Rivers

GASLAND Trailer 2010 (Documentary) (Must-see!)


An odd sort of perfect storm – involving a high-profile New York Times energy series, a quirky documentary that just missed the Oscar and federal BP-spill recovery plans – may finally address the 800-pound gorilla of our nation’s energy policy: RADIATION.

The NYT series launched Sunday (Feb. 27) with detailed accounts of radioactive wastewater, created by a Halliburton-developed extraction process called “fracking,” being dumped with impunity across the country. The article even included a “smoking gun” document, a “confidential industry study” from 1990 by none other than the American Petroleum Institute. The API’s secret study concluded that even with conservative assumptions, the radium in drilling wastewater dumped off the Louisiana coast posed “potentially significant risks” of cancer for anyone eating fish from those areas. I’m working on my own series of posts about this hazard in the Gulf of Mexico.

Meanwhile, it seems the regulators have taken steps to make sure no real regulating takes place despite laws on the books to prevent this disaster in the making. Remember, ounce for ounce, radioactive materials are the most toxic substances known to man. The current scientific consensus postulates that there is no known safe level of exposure to radioactive materials and that any exposure above background increases the risk of cancer.

The NYT story might leave the impression that we have no laws governing industry’s radioactive assault – but we actually do. The laws are on the books. They’re just being broken, and ignored. Many of the “regulators” are industry hacks waiting for the revolving door to come around. They have no incentive to tighten the screws on the way Big Oil and Gas do business. In fact, having seen it first-hand, regulators who do try to engage in true regulating frequently are forced out of their jobs or denied promotions.

Into that context we also have the landmark documentary “GasLand,” which features comments from my clients, increased its already high profile with an Adademy Award nomination. “GasLand” focuses on the gas-extraction process called “fracking,” and how it’s contaminating drinking-water sources across the country with radiation.

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