thestatedtruth.com | October 31, 2023
Looks like the oil industry isn’t dead yet. TYLER DURDEN . TUESDAY, OCT 31, 2023 – 04:25 PM With core OPEC+ cartel members Russia and Saudi Arabia doing everything in their power to throttle oil output and push the price of oil higher, the US is again emerging as not only a thorn in OPEC’s […]
thestatedtruth.com | April 19, 2020
Checkmate for Singapore’s biggest and most iconic – and extremely secretive oil traders, Hin Leong Trading… ZeroHedge Sun, 04/19/2020 – 14:20 Last weekend we reported that one of Singapore’s biggest and most iconic – and extremely secretive – oil traders, Hin Leong Trading, whose website reported the company’s revenue surpassed $14 billion back in 2012, was on the verge of […]
thestatedtruth.com | April 17, 2020
Ahh, now I get it. Another outdated law from a hundred years ago. That time line alone should explain the problem here. The Merchant Marine Act of 1920, also commonly known as the Jones Act, is the fundamental law of the U.S. maritime industry. The Jones Act when used in the sense of maritime law refers to federal statute 46 USC section 883. […]
thestatedtruth.com | September 12, 2019
Let’s not celebrate too soon. The US’s spot at the top of the global oil-exporting heap was rather short-lived, because according tot he IEA, Saudi Arabia reclaimed the top spot for July and August as hurricanes disrupted US production. In June, the US has once again surpassed Saudi Arabia and Russia to reclaim the No. […]
thestatedtruth.com | September 11, 2017
China generates 65% of its power, more than double the U.S., from the “dirtiest” fuel available: Coal.
thestatedtruth.com | January 24, 2017
Bloomberg: President Trump intends to sign two executive actions today that would advance construction of the Keystone XL and Dakota Access pipelines.
thestatedtruth.com | August 29, 2015
Who’s the odd man out here? An Educated guess might surmise it’s coal! Source: Visual Capitalist The early settlers to North America relied on organic materials on the surface of land for the vast majority of their energy needs. Wood, brush, and other biomass fuels were burned to warm homes, and eventually to power […]
thestatedtruth.com | July 4, 2014
Easy question….or is it? We can’t imagine why the answer would be hard. It’s got to be Saudi Arabia, NOPE. How about Russia, yep that sounds right! NOPE. Well, who else could it be? Hmm, just don’t know, how about Iran, NOPE. Umm, maybe China or Canada, NOPE, NOPE! One last chance… The U.S. overtook Saudi Arabia and Russia and is now the world’s biggest producer […]
thestatedtruth.com | October 30, 2013
So maybe this has something to do with the stock markets being so strong. It’s no secret that cheap oil is critical to long term growth in big economies like the United States. Reuters News: The U.S. has surpassed Saudi Arabia as the biggest oil producer in the world. You read that correctly: “The jump in output […]
thestatedtruth.com | September 4, 2013
The U.S. isn’t “oil independent” just yet, but we’re working on it! As you can see from the charts below, most of the OPEC oil imported by the US comes from places other then the Middle East. Saudi Arabia and Libya are the exceptions. 2013 July vs June Chart Below……. 2013 Year To Date Chart below….. Source: Census Bureau
thestatedtruth.com | November 13, 2012
This will change everything folks…….Growing supplies of crude oil extracted through new technologies including hydraulic fracturing of underground rock formations will transform the U.S. into the worlds largest producer of oil starting as early as 2017, the Paris-based adviser to 28 nations said in its annual World Energy Outlook. The U.S. met 83 percent of its energy needs […]
thestatedtruth.com | May 30, 2012
Gasoline prices are falling in most areas…but not much in California! It’s only a matter of time though, as the average age of a car is now 10.75 years old and virtually every old car that is taken off the road gets low gas mileage vs a new one that gets dynamically better gas mileage…it’s a no-brainer! Brent oil declined to its […]
thestatedtruth.com | April 11, 2012
thestatedtruth.com | April 10, 2012
Oil refineries are closing all accross the United States with nearly half the refining capacity on the U.S. east coast set to disappear …so of course it’s no wonder gasoline prices are pushing all time record prices. Chart Courtesy Inteldaily.com (Added by EconMatters) We now have half the refining capacity on the U.S. east coast set to […]
thestatedtruth.com | March 12, 2012
We’re on the right track….but have a long way to go. U.S. crude oil production came in at 5.6 million barrels a day for 2011 vs. 5.48 million barrels a day in 2010. It’s the highest U.S. oil production since 2003. And… The U.S. has been the world’s largest producer of natural gas since 2009, the report says. […]
thestatedtruth.com | February 10, 2012
Gasoline deliveries have in the past reflected recession or growth. If so, the recent drop in retail gasoline deliveries may signal a sharp economic contraction dead ahead. Or… a new normal because of rising fuel economy? Note that petroleum usage is back to 1997 level and gasoline usage is back to 2001 level. Moreover, two out of the last three weeks gasoline […]
thestatedtruth.com | February 7, 2012
Alaska produces about 10% of the oil in the U.S. But one look at this chart will explain where we’ve been and where we’re going… in Alaska!
thestatedtruth.com | January 12, 2012
The good news for the consumer is that “experts” predict rock-bottom natural-gas prices through at least 2013. “We’re anticipating sustained low gas prices,” says Andy Steinhubl, from Bain & Co.’s North American oil and gas practice. This from The Wall Street Journal….. U.S. energy companies are pumping so much natural gas out of the ground that […]
thestatedtruth.com | January 5, 2012
Folks, this is starting to look like a trend. It may be a combination of things, i.e., less driving, newer cars with better mpg, and older demographics in play (which means less driving) or….it could just be a freak of nature? Never the less, prices have come down, but not as much as one would surmise in retrospect. We’ll remind […]
thestatedtruth.com | December 31, 2011
At the close of 2011, U.S. natural gas prices sat at their lowest point in more than two years and the lowest winter price in ten years. All the while natural gas production in the lower 48 states hit an all time record of 71.3 billion cubic feet a day in October, according to the latest U.S. Department of […]
thestatedtruth.com | December 18, 2011
A new recession is coming, as we’re seeing all the signs of it ahead of time. “The U.S. gasoline market continues to receive down pressure from falling gasoline demand.” according to Trilby Lundberg, president of Lundberg Survey in Camarillo, California. Gasoline demand at the pump in the week ended Dec. 9 was 8.76 million barrels a […]
thestatedtruth.com | November 14, 2011
This is all very positive for the U.S. So, now you know. The longest and deepest recession in the post-war period reduced oil consumption by 12.8%. At the same time production is bouncing to the upside. The next thing you know, the price of gasoline will start to drop…or perhaps it defies the law of gravity […]
thestatedtruth.com | September 6, 2011
We’re not particularly found of him, but Donald makes a good point! “China gets their oil from Libya. Why isn’t China involved? They’re going out and spending billions of dollars a day on trying to take over the world economically. And we’re spending billions and billions and billions of dollars on policing the world. Why isn’t […]
thestatedtruth.com | July 17, 2011
War between Iran-Israel……CIA veteran Robert Baer, “I think we are looking into the abyss”……“there is a warning order inside the Pentagon” to prepare for war. If this happens, envision Gold exploding along with Oil, while stock markets and economies around the World plunge. It doesn’t take a rocket scientist to throw caution to the wind. Â Naval update per […]
thestatedtruth.com | May 30, 2011
Click Here: Kirk Sorensen: Thorium Could Be Our Energy “Silver Bullet” | FINANCIAL SENSE.
thestatedtruth.com | May 30, 2011
Nuclear free Germany….We’ll believe it when we see it. This may take many twists and turns before 2022! Thorium anyone?  So, Germany rids themselves of nuclear power by 2022, but their surrounding neighbors don’t follow.  Germany would still suffer consequences concerning any nuclear reactor meltdown else where in Europe, and there are a lot of nuclear power plants […]
thestatedtruth.com | May 28, 2011
Hmm….an interesting concept. Thorium has numerous innate advantages. One is that it doesn’t produce weaponizable byproducts, but it’s also true that the nature of the metal is such that it produces safer reactors. It burns at a lower temperature, and there’s also a great deal of it around. The thing to remember is that thorium […]
thestatedtruth.com | May 22, 2011
The American Petroleum Institute just released figures for April, and reported U.S. fuel consumption rose by 5.2% compared to one year earlier.  Hmm, guess the higher the price, the more we drive….NOT
thestatedtruth.com | May 12, 2011
Guess it’s starting to matter how much it costs to fill up all those old SUV’s still on the road……………….. U.S. demand for gasoline fell by the largest amount in seven weeks — a signal that consumers are conserving money as gas prices near a national average of $4 a gallon.
thestatedtruth.com | May 5, 2011
This from The Hill……If it isn’t a plan, then why float it!  Among other things, CBO suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations. The Obama administration has floated a transportation […]
thestatedtruth.com | April 21, 2011
$6 Gas? Could happen sooner then you think if the dollar gets weaker and we have one large storm in the Gulf of Mexico! 2012 to 2014 will be hard years. Batten down the hatches, you’ve been warned. April 20, 2011 By Jeff Cox, Staff Writer A dollar plumbing three-year lows is hitting Americans squarely in the gas […]
thestatedtruth.com | March 23, 2011
We have world changes in the Middle East. We have peak oil production. We have inevitable hyperinflation. But all the attention is currently on Japan,  as markets forget the growing foundation of international dislocation. Stay focused…… Stay disciplined. www.jsmineset.com
thestatedtruth.com | March 23, 2011
Of course nobody is going to own up to it…….The Coast Guard has yet to put forth an official estimate of the volume of crude that has made landfall, but Mr. Edwards said that it “appears to be more than a few gallons of oil.” HOUSTON — The U.S. Coast Guard said Wednesday that oil […]
thestatedtruth.com | March 8, 2011
Reuters reports that European oil imports are about to get tough, making life for Italy, which is most reliant on Libyan oil, quite complicated: Libyan oil trade has been paralysed as banks decline to clear payments in dollars due to U.S. sanctions, trading sources told Reuters on Tuesday. The move follows a decision by major […]
thestatedtruth.com | March 8, 2011
This makes it hard to see economic growth….especially in Europe! In Europe, gasoline has just hit an all time record of $8.632 per gallon! As HLN.be reports: Petrol 95 at €1.624 per litre. This breaks the 2008 record of €1.61 per liter.” Translated into American this means that a gallon of gas in Europe is […]
thestatedtruth.com | March 7, 2011
World changing events are taking place in the oil rich Middle East. Saudi Arabia drafts another 10,000 troops ahead of protests, and drafting up to 10,000 security forces to the north eastern Muslim Shia provinces ahead of mass protests planned next week. Peak oil has passed. The economic dominance of the West is now history. Those […]
thestatedtruth.com | March 6, 2011
thestatedtruth.com | March 5, 2011
Cumberland Advisors David Kotok always does a good job on the important issues…..it’s a good read! $115 Oil, Contagion and Central Banks March 5, 2011 “… there’s so much unrest that one can actually sense or imagine unknown nano-particles of rage colliding in mid-air…â€Â (Source: a private person who screens Middle East media for me […]
thestatedtruth.com | February 25, 2011
Some good points about Bahrain….and why it’s important to oil! Bahrain lies in the middle of an age-old contention between Iran and Saudi Arabia… and the balance between the two rivals could soon be tipped. A strong Iraq was a nice buffer between Saudi Arabia and Iran, but a strong Iraq is no more. Now […]
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