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. […]
Category: Commodities, Economy, Oil and Nat Gas, World News |
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Tags: Oil, US Oil Exports Boom, US OIl Production, World Oil Production
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 […]
Category: Commentary, Commodities, Economy, National News, Oil and Nat Gas, Tid Bits |
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Tags: America's Energy Suply, Nat Gas, Nuclear Energy, Oil, Petroleum, Renewable Energy, Wood Burning Energy
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 […]
Category: Commentary, Economy, National News, National Security, Oil and Nat Gas, Wall Street, World News |
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Tags: Biggest Oil Producer, Oil, Oil Boom, Oil Expansion, Output, Surplus
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
Category: Charts and Graphs, Commentary, Economy, National News, National Security, Oil and Nat Gas, Tid Bits, Wall Street, World News |
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Tags: Black Gold, More Oil, Oil, Oil Independent, OPEC, Stretched, US Oil, war, War Over Oil
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 […]
Category: Commentary, Economy, Oil and Nat Gas, Wall Street, World News |
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Tags: 2017, Barrels Of Oil, Drilling, New Technologies, Oil, Petroleum, Pumping, U.S.
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 […]
Category: Commentary, Economy, National News, Oil and Nat Gas, Wall Street |
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Tags: energy, Fuel Economy, Gasoline, Oil, Recession, Usage
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 […]
Category: Charts and Graphs, Commentary, Commodities, Economy, National News, Oil and Nat Gas, Wall Street, World News |
51 Comments »
Tags: Energy Drilling, Gas Prices, Nat Gas, Oil
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 […]
Category: Commentary, Economy, National News, Oil and Nat Gas, Wall Street |
150 Comments »
Tags: Drilling, Natural Gas, Oil, Price Plunge
thestatedtruth.com | December 28, 2011
The message is clear…. Reuters: U.S. FIFTH FLEET SAYS ANY DISRUPTION OF NAVIGATION IN HORMUZ STRAIT “WILL NOT BE TOLERATED” The U.S. Fifth Fleet said on Wednesday it will not allow any disruption of traffic in the Strait of Hormuz, after Iran threatened to stop ships moving through the strategic oil route. “The free flow […]
Category: Commentary, National News, National Security, World News |
84 Comments »
Tags: Blockage, Disruption, 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 […]
Category: Commentary, Commodities, Economy, National News, Oil and Nat Gas, Wall Street |
525 Comments »
Tags: European Economies, Libyan Oil, Oil
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 […]
Category: Commentary, Economy, National News, Oil and Nat Gas, World News |
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Tags: Middle East Oil Events, Oil
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 […]
Category: Commentary, Economy, Interest Rates, Bonds, National News, News Letters, Oil and Nat Gas, Wall Street, World News |
37 Comments »
Tags: Contagion Not Over In Middle East, Middle East Review, Oil
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 […]
Category: Commentary, Economy, National News, National Security, Oil and Nat Gas, Pictures, Wall Street, World News |
52 Comments »
Tags: Bahrain, Middle East Bahrain, Oil