#oil price war | Explore Tumblr Posts and Blogs

sayruq · 4 months

Text

#yemen #jerusalem #tel aviv #current events #palestine #free palestine #gaza #free gaza #news on gaza #palestine news #news update #war news #war on gaza #y'all are not ready for what the oil prices are going to be next year if they do this

957 notes · View notes

nando161mando · 14 days

Text

11 notes · View notes

obikinetic · 1 year

Text

I’ve been very busy this past week doing an oil portrait commission irl, so I haven’t been able to draw any of the fanart I’ve wanted to…I tried coloring a couple of my b&w inktober posts though (18: Scrape and 20: Bluff), so at least that’s something! Hopefully I’ll finish my painting soon and get back to the fun stuff >:)

#obikin #star wars #anakin skywalker #obi wan kenobi #star wars fanart #fanart #art #I don’t even openly take commissions either #locals just know I Do Art™️ and ask me to paint stuff for them sometimes #and I’m like “uhhh yeah sure I could do that for you I guess!”#but I don’t even have a set price list and I don’t know what I’m doing 💀💀💀#and we’re not exactly swimming in cash around here so I don’t wanna charge much #like this detailed 16x20 oil portrait is about to be $160 and I still feel kinda bad #my parents get upset at me for undercharging but I just think nice people should get to have nice art that makes them happy #and I don’t really need the art money anyway so I don’t mind

106 notes · View notes

mossadegh · 8 months

Text

• Mossadegh media: newspaper & magazine articles, editorials

#iran #iranian #tehran #middle east #oil #1950's #foreign policy #history #oil industry #britain #cold war #oil tanker #oil prices #oil and gas

3 notes · View notes

tomorrowusa · 1 year

Link

Big Oil profits from high oil prices. Companies are keeping those profits for themselves instead of giving some relief to consumers.

Russia’s war of aggression in Ukraine is the excuse Big Oil gives for higher prices at the gas pump. While oil is an international commodity, it’s also true that the United States is the largest producer of oil. There’s nothing to keep Big Oil from temporarily boosting domestic production.

If all Big Oil does is screw US consumers, it’s time for a windfall profits tax to put some of those profits back in the pockets of consumers.

President Joe Biden escalated weeks of sharp warnings to energy producers on Monday by floating a so-called “windfall” tax on their corporate profits, calling out major gas companies for racking up gains from a spike in prices he attributes to Russia’s war in Ukraine.

“Record profits today are not because they’re doing something new or innovative. The profits are a windfall of war,” Biden said in brief remarks from the Roosevelt Room alongside Treasury Secretary Janet Yellen and Energy Secretary Jennifer Granholm.

[ ... ]

Biden spoke just days after several global energy giants posted a round of massive corporate profits and after several months of Biden targeting oil executives in a push to drive private sector actions to increase production and capacity, and, in turn, drive down high prices at the pump.

[ ... ]

“It’s time for these companies to stop war profiteering, meet their responsibilities in this country and give the American people a break and still do very well,” Biden added.

In the current round of corporate quarterly reports, Big Oil made over $70 billion in profits. That’s more than the GDPs of 119 countries. Exxon alone made $19.7 billion in the July through September quarter.

It’s bad enough that fossil fuels are altering the climate. Big Oil wants us to pay them more for creating the problem.

We need the twin approach of curbing the profits of Big Oil and moving more quickly to low or zero emission vehicles. We won’t see either with the GOP in charge.

#russia's invasion of ukraine #big oil #war profiteering #windfall profits #windfall profits tax #exxon #shell #price gouging #corporate greed #fossil fuels #climate change #us consumers #joe biden #election 2022 #midterm elections

4 notes · View notes

if-you-fan-a-fire · 2 years

Photo

“Gas Ration Books or No Gasoline,” Kingston Whig-Standard. March 31, 1942. Page 5. ---- OTTAWA, March 31 - Only half the motorists in Canada will be able to buy gasoline when rationing comes into effect April 1, Munitions' and Supply Department officials estimated last night after scanning reports from regional offices of the Oil Controller.

Ration licence sales have been heaviest in Ontario which has 576,000 motor vehicles but only 321,000 licences have been issued. For other provinces summarized reports indicated the sale of ration licences runs from one-third to one-half the number of vehicle licences.

When drivers pull into service stations Wednesday morning. It will be a case of “No coupon no gasoline," one official said last night.

Posters have been distributed to all service stations explaining how the rationing plan works and penalties up to five years’ imprisonment or a fine up to $5,000 are provided for infractions. Already action has been taken in padlocking pumps of some companies which have violated pre-ration restrictions and warning has been given that spotters will he on duty commencing Wednesday to check infractions of the ration law.

Introduction of gasoline rationing, the first coupon rationing of the war in Canada is the climax of a lengthy campaign to conserve Canada's supply of gasoline and crude oil. Already restricted hours of sale, which willy apply under the rationing plan and a system of rationing to service stations have given driven some indication of the shortage they face.

Those who have not yet applied for ration licences are likely to face a delay of several days before their licence is received and they are again able to buy gasoline officials said last night.

#gasoline rationing #war rationing #gasoline #price of gasoline #munitions and supply department #oil controller #war economy #total war #total mobilization #motor vehicle license #service station #canada during world war 2 #regulation of traffic #history of crime and punishment in canada #crime and punishment in canada

3 notes · View notes

head-post · 9 days

Text

Oil prices fall after Israel repelled a large-scale air attack by Iran

Oil prices fell in trading on Monday as market participants lowered risk premiums following the Iranian attack on Israel late Saturday.

Brent crude futures for delivery in June fell 23 cents, or 0.2 per cent, to $90.22 a barrel, while West Texas Intermediate (WTI) crude futures for delivery in May were down 29 cents, or 0.3 per cent, to $85.37 a barrel by 0430 GMT.

The attack, using more than 300 missiles and drones, was the first attack on Israel by another country in three decades, raising fears of a spreading regional conflict affecting oil shipments through the Middle East.

But the attack, which Iran described as retaliation for an airstrike on its embassy in Damascus, did not cause significant damage: the missiles were shot down by Israel’s Iron Dome defence system. Israel, which is at war with Iranian-backed Hamas militants in Gaza, neither confirmed nor denied the strike on the consulate. Warren Patterson, head of commodities strategy at ING, said:

An attack was largely priced in the days leading up to it. Also the limited damage and the fact that there was no loss of life means that maybe Israel’s response will be more measured. But clearly, there is still plenty of uncertainty and it all depends on how Israel now responds.

Read more HERE

1 note · View note

news4nose · 7 months

Link

Oil prices have seen a serious surge in recent days, driven by concerns related to the ongoing Israel-Hamas conflict and its potential repercussions on oil production in the Gulf region.

#oil prices #brent benchmark #israel-hamas conflict #oil markets #global oil #writing #international news #oil news #commodityprices #commoditymarket #israel palestine war #israel palestine conflict

0 notes

mossadegh · 21 days

Text

• Mossadegh media: newspaper & magazine articles, editorials

0 notes

faultfalha · 9 months

Photo

The Ukraine War is a chessboard, and China is playing to win. The country itself is a mere pawn in a game of grand strategy, with immutable armies of oil and gas at stake. Great powers, rivals both ancient and new, clash in a deadly fight for supremacy and control of this vital resource. The conflict ravages the land, and yet China emerges victorious. Fire sale prices on oil and gas are seRenity amidst the tumult, and the US and Russia are left to their own devices. Bloodied, beaten, drained, and without favor, they are left to do to themselves what their rival could not. The great game is won, and all of the pieces fall into place. China glides in on the wings of the night, like an eagle on a hunt. The Ukraine war is great for China, leaving behind a land beset in violence and chaos, yet stacked to refuel her ambitions for years to come.

#Politics #Military & Defense #China #Russia #Ukraine #Ukraine War #Russian Oil #fault #Fire Sale Prices #US

0 notes

reasonsforhope · 3 months

Text

The World's Forests Are Doing Much Better Than We Think

You might be surprised to discover... that many of the world’s woodlands are in a surprisingly good condition. The destruction of tropical forests gets so much (justified) attention that we’re at risk of missing how much progress we’re making in cooler climates.

That’s a mistake. The slow recovery of temperate and polar forests won’t be enough to offset global warming, without radical reductions in carbon emissions. Even so, it’s evidence that we’re capable of reversing the damage from the oldest form of human-induced climate change — and can do the same again.

Take England. Forest coverage now is greater than at any time since the Black Death nearly 700 years ago, with some 1.33 million hectares of the country covered in woodlands. The UK as a whole has nearly three times as much forest as it did at the start of the 20th century.

That’s not by a long way the most impressive performance. China’s forests have increased by about 607,000 square kilometers since 1992, a region the size of Ukraine. The European Union has added an area equivalent to Cambodia to its woodlands, while the US and India have together planted forests that would cover Bangladesh in an unbroken canopy of leaves.

Logging in the tropics means that the world as a whole is still losing trees. Brazil alone removed enough woodland since 1992 to counteract all the growth in China, the EU and US put together. Even so, the planet’s forests as a whole may no longer be contributing to the warming of the planet. On net, they probably sucked about 200 million metric tons of carbon dioxide from the atmosphere each year between 2011 and 2020, according to a 2021 study. The CO2 taken up by trees narrowly exceeded the amount released by deforestation. That’s a drop in the ocean next to the 53.8 billion tons of greenhouse gases emitted in 2022 — but it’s a sign that not every climate indicator is pointing toward doom...

More than a quarter of Japan is covered with planted forests that in many cases are so old they’re barely recognized as such. Forest cover reached its lowest extent during World War II, when trees were felled by the million to provide fuel for a resource-poor nation’s war machine. Akita prefecture in the north of Honshu island was so denuded in the early 19th century that it needed to import firewood. These days, its lush woodlands are a major draw for tourists.

It’s a similar picture in Scandinavia and Central Europe, where the spread of forests onto unproductive agricultural land, combined with the decline of wood-based industries and better management of remaining stands, has resulted in extensive regrowth since the mid-20th century. Forests cover about 15% of Denmark, compared to 2% to 3% at the start of the 19th century.

Even tropical deforestation has slowed drastically since the 1990s, possibly because the rise of plantation timber is cutting the need to clear primary forests. Still, political incentives to turn a blind eye to logging, combined with historically high prices for products grown and mined on cleared tropical woodlands such as soybeans, palm oil and nickel, mean that recent gains are fragile.

There’s no cause for complacency in any of this. The carbon benefits from forests aren’t sufficient to offset more than a sliver of our greenhouse pollution. The idea that they’ll be sufficient to cancel out gross emissions and get the world to net zero by the middle of this century depends on extraordinarily optimistic assumptions on both sides of the equation.

Still, we should celebrate our success in slowing a pattern of human deforestation that’s been going on for nearly 100,000 years. Nothing about the damage we do to our planet is inevitable. With effort, it may even be reversible.

-via Bloomburg, January 28, 2024

3K notes · View notes

digitalguap · 1 year

Text

Europe's Industry Collapse Is Here, Starting With Germany

So Germany is facing an energy crisis And this price shock might lead to the Industrialization so we know that Europe Is still suffering from high gas prices And in a shocking report we now have the Figures of how badly the German industry Is really hurting according to Alliance German Industries are set to pay 40 more For energy in 2023 than in 2021 and this Isn't good news especially when we…

View On WordPress

1 note · View note

head-post · 14 days

Text

Oil prices rise again amid Middle East tensions

Oil prices rose on Tuesday after it became clear that talks between Israel and Hamas would not lead to a ceasefire in Gaza. Companies are concerned that a prolonged conflict could disrupt supplies from the Middle East, a key oil-producing region.

International benchmark Brent crude was trading at $90.93 a barrel on Monday, up 0.60% from the previous trading session’s closing price of $90.38 a barrel. US West Texas Intermediate (WTI) crude, meanwhile, was trading at $86.92 per barrel, up 0.56% compared to the previous session which closed at $86.43 per barrel.

Oil prices rose sharply as the ongoing Israel-Hamas conflict and war in Ukraine continued to threaten global energy supply routes. The Palestinian-based Hamas group commented on the ceasefire efforts in the Gaza Strip as follows:

The Israeli position remains intransigent and has not responded to any of the demands of our people and our resistance.