Libya Returns Oil Output To 700,000 Bpd After Crude Substation Fire

Libya has restored oil production to around 700,000 barrels per day after losing 60,000 barrels per day to a technical malfunction at the Sarir oilfield over the weekend. “We have made some repairs, our workers made some modifications, so now we are back to production,” NOC Chairman Mustafa Sanalla was quoted as saying. Libyan oil production prior to the incident at the substation was around 700,000 barrels per day at the start of January. Libya is seeking to raise production to 900,000 barrels per day in next few months, and 1 million barrels…

Is The Oil Crisis Over? Oil Majors Report Positive Cash Flow

Rising oil prices and spending cuts over the past two to three years have improved the cash flow position for many of the oil majors, lessening the prospects of a deeper debt spiral, credit downgrades and dividend reductions. As recently as a few months ago, debt among the largest oil companies was rising at a worrying pace, with ExxonMobil – usually considered the most financially sound out of its peers – reported an eye-watering $46 billion of debt at the end of the third quarter in 2016. Exxon even lost its coveted AAA credit rating…

The Most Important Civil Rights Issue Trump Could Solve With Executive Order: End The “War On Drugs” Gulag

Submitted by Charles Hugh-Smith via OfTwoMinds blog,

Here is an opportunity for “Black Lives Matter” and the Trump administration to find common cause.

President Trump has a golden opportunity to strike a major blow for civil rights with a single executive order: end the failed “War on Drugs” and shut down America’s drug-war gulag. None of the previous three presidents expended any political capital on curbing the immensely destructive “War on Drugs” or freeing the (in many states, preponderantly African-American and Hispanic-American) prisoners in America’s drug-war gulag.

“Fake-liberal” Bill Clinton did nothing, “fake-conservative” George W. Bush did nothing, and “fake-liberal” Barack Obama did nothing to end the “War on Drugs” or curb the gulag it created. Their parties and supporters were delighted to appear “tough on crime” while destroying the lives of hundreds of thousands of African-American, Hispanic-American and other Americans with long sentences in the gulag for selling nickel bags of “illegal” drugs, while America’s parasitic Big Pharma industry reaped billions of dollars in profits selling “legal” opiates while handing our self-serving politicos millions in campaign contributions.

The imprisonment of hundreds of thousands of young Americans–preponderantly Americans of color in state after state– in America’s drug-war gulag is the greatest violation of civil rights since the 1960s— yet fake-liberals and fake-conservatives alike have done nothing but turn their self-serving gaze away from this needless, costly, stupid waste of lives and treasure.

Step one: fully legalize marijuana on the federal level. Isn’t it time for the federal government to finally move beyond the “reefer madness” propaganda of the 1920s? President Trump could do so much good by wiping out the insanely counterproductive federal statutes against marijuana.

Next, President Trump could decriminalize all drugs and commute the sentences of everyone in prison for small-time dealing or drug possession. Empty the drug-war gulag in an orderly fashion, providing counseling and some initial job training to those exiting the drug-war gulag. The cost of emptying the gulag will be much more affordable than operating the gulag.

Erase all drug-related convictions from prisoners’ records, restoring their rightful citizenship. Strike the drug-war felonies from everyone convicted of small-time dealing or possession.

Here is an opportunity for “Black Lives Matter” and the Trump administration to find common cause. The War on Drugs gulag has stripped the civil rights and civil liberties of hundreds of thousands of Americans, including many young men of color. The Trump administration has a golden opportunity to do the right thing and eliminate the unrighteous, wasteful and morally wrong War on Drugs. It’s Time to Abolish the DEA and America’s “War on Drugs” Gulag (August 18, 2016)

 

One of the first steps to making America great again is to close down the War on Drugs gulag. Let’s be dead-last in imprisoning hundreds of thousands of young men and women, ruining their lives and stripping them of their civil rights. It’s time to drop from a shameful Number 1 to the bottom of the list in counter-productive drug-war gulags.

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Robots Over Roughnecks: Next Drilling Boom Might Not Add Many Jobs

The inevitable advance of technology and automation has upended industries such as car manufacturing and food processing. Now robotics is making its way into the oil fields by helping drilling activities and putting together heavy pipes. For companies, more automation would mean higher efficiency, safer operations, and ultimately, lower drilling and production costs. For oil rig workers, it would mean that part of the jobs lost during the oil price downturn would never return. Also, part of the new job openings would require a different type of…

Pedowood: The “Harvard” Of Hollywood Child Acting Schools Is An Apparent Haven For Sex Offenders, Crime

This article was originally posted at www.disobedientmedia.com
An exclusive report from Disobedient Media reveals shocking facts indicating that one of Hollywood’s most prestigious and well known child acting schools appears to be a haven for child sex…

The post Pedowood: The “Harvard” Of Hollywood Child Acting Schools Is An Apparent Haven For Sex Offenders, Crime appeared first on crude-oil.top.

Canadian Oil Industry Not Threatened By Trump

On the day of U.S. President Donald Trump’s inauguration the official White House website was rewritten including 361 brief words outlining the future of American Energy Policy. Titled “An America First Energy Plan” it starts with “The Trump Administration is committed to energy policies that lower costs for hardworking Americans and maximize the use of American resources, freeing us from dependence on foreign oil”. Canada is a foreign country. The U.S. is our largest buyer of oil and gas and we are their largest foreign…

New administration’s US LNG export policy moves uncertain, forum told

Effects of yet-to-be-clarified Trump administration policy moves—from
possible new individual free trade agreements if the country withdraws
from multination treaties to an emphasis on increased domestic gas
production and new pipeline construction—on US liquefied natural gas
export growth are uncertain, speakers agreed at a Jan. 26 Atlantic Council forum.