The Pronk Pops Show Podcasts
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The United States has accumulated record volumes of crude oil in reserves, now hovering like the sword of Damocles over the global energy markets and the world’s several petrocracies.
By Sputnik News
Global oil prices dipped this past week, ending a month-long rebound, which some observers had seen as a good sign for both the corrupt petrocracies around the world and the Eurozone and Japan.
The recent dynamics in oil prices have affected each major economy in a different way, and it turned out that the United States, now also the world’s largest crude producer, is the only beneficiary of cheaper oil, while more expensive energy would help the Eurozone and Japan spur growth. Oil producing countries would be saved if oil appreciated, as many of them are entering muddy waters of local economic crises.
However, the US is now facing another oil-related challenge: they are extracting so much oil they might soon run out of proper storage capacity – even after several…
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Libya’s state-run oil company – National Oil Corp. (NOC) – has warned that it will shutdown oil production at all fields if the nation’s authorities fail to contain a rapid increase of attacks on its facilities, Bloomberg reported on Saturday.
“If these incidents continue, National Oil Corp. will regrettably be forced to stop all operations at all fields in order to preserve the lives” (of employees), NOC said in a statement posted on its website, according to Bloomberg.
“National Oil Corp. urges the Ministry of Defense and the Petroleum Facilities Guard to take the appropriate measures to protect oil sites,” the statement added.
Libya’s oil production was cut by 180,000 barrels per day following a fire at a pipeline that transports crude oil to the eastern Hariga port, NOC spokesman Mohamed Elharari told Bloomberg by phone from Tripoli.
Libya, holder of Africa’s largest oil reserves…
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Another state coup can’t be ruled out in Ukraine, with growing popular discontent, including among the leaders of the last year’s protests, Ukraine’s former Prime Minister Sergey Arbuzov told TASS on Friday.
“It is not ruled out that another state coup might occur in Ukraine,” Arbuzov said following a meeting of the Center for Studies of Economic and Socio-cultural Development of CIS Countries, Central and Eastern Europe.
“Maidan leaders and field commanders are voicing their discontent more and more loudly,” he said.
The current situation in Ukraine is characterized by an atmosphere of fear and repressions, Arbuzov said, adding that “people are afraid to voice their opinion.”
Sergey Arbuzov was the Prime Minister of Ukraine between January 28, 2014 and February 27, 2014 following the resignation of Mykola Azarov. Prior to that, he was the governor of Ukraine’s Central Bank.
People are gathering in central Moscow to mark the first anniversary of what they view as a “coup” in neighboring Ukraine.
Typical agricultural landscape of Ukraine, Kherson Oblast – Wikipedia
Thousands of people are expected to participate in the pro-Kremlin march, which will be held under the slogan “A Year Since Maidan. We won’t forget! We won’t forgive!”
The “Anti-Maidan” demonstration was promoted in Russia’s state media, with Rossiya 24 television channel saying in its broadcasts: “Come, if you like your country!”
Kyiv’s Maidan protests led to the ouster of Russian-backed President Viktor Yanukovych in February 2014.
Russia has annexed Ukraine’s Crimea peninsula in March 2014 and fighting between government forces and Russian-backed separatists in eastern Ukraine has killed more than 5,400 people in the country’s east since April.
The rally comes a day after hundreds of people marched in Kyiv to honor the memory of the protesters killed…
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“The United States and its European allies are in talks about harsher sanctions against Moscow, while U.S. President Barack Obama will evaluate next steps in dealing with the conflict in eastern Ukraine in coming days” Reuters reported today.
“In the next few days I anticipate that President Obama will evaluate the choices that are in front of him and will make his decision as to what the next step will be” the U.S. Secretary of State John Kerry said on Saturday.
“There are serious discussions taking place between us and our European allies as to what those next sanctions steps ought to be and when they ought to be implemented (…) I am confident some additional steps will be taken in response to the breaches of the ceasefire” Kerry said.
“Ukraine accused Moscow of sending more troops into eastern Ukraine, contravening a European-brokered truce that was…
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