A nearly $2 billion natural gas deal could signal a sign that companies are interested in gas drilling again after a long downturn. Gulfport Energy announced plans to issue new shares in order to finance a $1.85 billion acquisition of acreage in Oklahoma’s SCOOP basin. The SCOOP has emerged as arguably the next most exciting shale play, with acreage still largely undeveloped. The Marcellus and Utica Shales in Pennsylvania and Ohio have been home to the bulk of the shale gas revolution, although Oklahoma has seen years of shale gas drilling…
Undeterred by the upcoming holiday week, the US rig count recorded yet another double-digit weekly increase.
Investing.com – Crude oil settled at $53.05 during light trading on Friday, up slightly. The price of Brent oil was down by 8 cents at around 1 p.m. …The post <b>Crude</b> settles at $53.05 on Friday appeared first on crude-oil.top.
Submitted by Derrick Broze via TheAntiMedia.org,
On Tuesday, state prosecutors charged four former government employees with conspiring to violate safety rules for their roles in Flint’s water crisis. As a result of an April 2014 decision by one …
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Baker Hughes has reported yet another increase in the U.S. oil and gas rig count this week, with 16 more rigs coming online. The previous two weeks have seen increases of 13 and 27 respectively, bringing the total number of active rigs to 653. The U.S. is now just 47 rigs below the count this time last year, evidencing the recovery that is being seen in both U.S. oil and gas. The most recent climb has largely been fueled by the OPEC production cut agreement, and while not a single barrel has yet been cut by the cartel, the promise to reduce supply…
As speculation continues to swirl over whether or not Biden will make a run for the Presidency in 2020, he has maintained a curious presence in the media in recent weeks and recently offered some pretty harsh critiques of the Clinton campaign when he sat down with the Los Angeles Times. Mimicking comments made by Neera Tanden which were exposed by Wikileaks, Biden suggested that Hillary lost primarily because she never “really figured out why she was running.” Per The Hill:
Vice President Biden believes Hillary Clinton lost the presidential election in part because she never figured why she was running for the nation’s highest office.
“I don’t think she ever really figured it out,” Biden told the Los Angeles Times in an interview published Thursday. “And by the way, I think it was really hard for her to decide to run.”
“She thought she had no choice but to run,” he said. “That, as the first woman who had an opportunity to win the presidency, I think it was a real burden on her.”
Of course, Biden clarified that Clinton was ultimately nothing more than a martyr who simply had to run because she was the “first woman who had an opportunity to win the presidency.”
With all due respect, we’re not convinced Hillary was running because “she thought she had no choice but to run.” What if the answer is more simplistic than that. What if Hillary simply couldn’t relay her motivations for running because it wasn’t politically expedient to do so. What if Hillary didn’t visit WI, MI, PA and OH because she wasn’t running to help those people and didn’t care about their fate. What if Hillary’s run was all about the Clinton’s neverending, selfish lust for infinite power and wealth? Nah, the simplest answers are rarely right.
Playing a little Monday-morning QB, Biden recollects fearing that “his people” of the Midwest might turn on Democrats in 2016 due the “elitism” that had crept into the party’s thinking.
“Son of a gun. We may lose this election,” Biden recalled thinking. “They’re all the people I grew up with. They’re their kids. And they’re not racist. They’re not sexist. But we didn’t talk to them.”
He said the Democratic Party as a whole suffered because “we were not letting an awful lot of people — high school-educated, mostly Caucasian, but also people of color — know that we understood their problems.”
There is “a bit of elitism that’s crept in” to party thinking, he said.
“I was trying to be as tactful as I could in making it clear that I thought we constantly made a mistake of not speaking to the fears, aspirations, concerns of middle class people,” he said.
In the campaign, “you didn’t hear a word about that husband and wife working, making 100,000 bucks a year, two kids, struggling and scared to death. They used to be our constituency.”
Meanwhile, shortly after saying that the people of the Midwest are not “racist” or “sexist,” Biden explains that Trump won “working-class people” by appealing to their racism and sexism.
“I don’t think he understands working-class or middle-class people,” Biden said. “He at least acknowledged the pain. But he played to the prejudice. He played to the fear. He played to the desperation.”
“There was nothing positive that I ascertained when he spoke to these folks that was uplifting.”
While Joe stays quite about a future run, there is no doubt that the media has already chosen their challenger for 2020.
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While the Russian government in general, and Putin in particular, supposedly has a grudge on US voters and, according to the ‘serious’ press, orchestrated the hacking of the US elections, China’s interests appear to be focused on America’s money. In th…
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Cyprus’s Ministry of Energy, Commerce, Industry, and Tourism has awarded Blocks 6, 8, and 10 in the country’s exclusive economic zone to four international firms.
Following a dramatic surge in US oil rig counts the last two weeks, Baker Hughes reports oil rigs rose once again (the 28th weekly rise of the last 30) by 13 to 523 – the highest since the first week of January 2016.
The oil rig count is tracking the l…
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