Oil drops as Saudis resist calls for output cuts

Oil drops as Saudis resist calls for output cuts

How long did the world wait and nurture the Saudi regime in an effort to have oil. It used to be, the USA global user of oil and the USA no oil output as it should be. We have always had minerals here in Wyoming and we had an oil economy before, then it crashed. Many Wyomingites who worked the oil, coal, and gas faced slow downs and layoffs. But we recovered and today the oil and mineral economy is here. Those who saw the trouble before in the oil economy would say they would take care of the next big oil boom if it comes. Well it has been here and as it is today while the prices for oil have dropped some 50%, the USA has produced more oil than the last 30 years. I can tell you from around here, companies are starting to get cautious about the oil drop; that is according to a businessman here who keeps tabs on the economy. He builds custom homes and for him, when trouble is on the horizon; they are careful.  If it goes down more, you bet there will be slowdown. But the way out of state investments seem to be flowing into the state, someone believes the profit margin will be there to stay in the foreseeable future.

WIBR/WARN Commentary on Oil drops as Saudis resist calls for output cuts

Oil fell as Saudi Arabia, the world’s biggest exporter, signaled it won’t act to balance the market while forecasts for US crude inventories to rise bolstered speculation that a global glut will persist. Oil fell as Saudi Arabia, the world’s biggest exporter, signaled it won’t act to balance the market while forecasts for US crude inventories… Continue reading Oil drops as Saudis resist calls for output cuts

Report Shows No Radiation Risk From Fracking, Crude Prices Rise

A new report from the Pennsylvania Department of Environmental Protection has found that there is little to no risk of radiation exposure from hydraulic fracturing activity. “In the most comprehensive study of the subject ever conducted, the Pennsylvania Department of Environmental Protection found that there is no concern of radiation exposure from fracking wells for oil… Continue reading Report Shows No Radiation Risk From Fracking, Crude Prices Rise

Syria and Iraq policies fueled Islamic State rise, HRW says

Beirut (dpa) – Abusive policies by the Syrian and Iraq governments have fueled the rise of militant Islamic State group that controls considerable swathes of the two countries, Human Rights Watch (HRW)said on Thursday. “The sectarian policies of the Iraqi and Syrian governments, and international indifference to those governments’ serious rights abuses, have been important factors… Continue reading Syria and Iraq policies fueled Islamic State rise, HRW says

Hezbollah-Israel Tensions Won’t Turn Into War, Experts Say

Tension between Israel and Iran-backed Hezbollah, a Shiite militant group in Lebanon, is growing, but an all-out conflict is unlikely, experts said. After tit-for-tat deadly attacks over the past week, many Lebanese feared that their country could once again be the battleground between Israel and Hezbollah, but neither party is likely to escalate the fighting into… Continue reading Hezbollah-Israel Tensions Won’t Turn Into War, Experts Say

Is Obama pro- or anti-drilling? It depends

Is Obama pro- or anti-drilling? It depends and from where we sit in Wyoming he is an enemy of carbon, that means drilling.  But it also means coal, which if the Obama policies are not changed, then four coal mines in Wyoming’s PRB will have to shut down by 2030.  In this neck of the woods President Obama is seen as “anti-carbon” and an “enemy of Wyoming’s Mineral development“! The irony is that Obama spoke of shutting down the Carbon industry during his first campaign for President and it is the energy industry that has bailed out his failed economy. It sure never hurt!

WIBR/WARN Radio commentary on Obama has it both ways on oil

WASHINGTON — President Barack Obama is attempting to create a legacy as both driller-in-chief and environmental champion, as he proposes to protect the Arctic National Wildlife Refuge as wilderness while also touting a drilling boom across the United States that he didn’t create. Obama could take a major step for his energy legacy as soon as… Continue reading Is Obama pro- or anti-drilling? It depends

Erdogan critical of US-led Kobane campaign as Kurds celebrate

Erdogan and Turkey

Erdogan critical of US-led Kobane campaign as Kurds celebrate their victory over ISIS. It is not surprising that Erdogan is upset with the US led coalition bombing. The whole world has been watching the fighting at Kobani, which became a world spectacle. The Turks, from atop the hill; near the border over looking Kobani simply watched from the beginning to the ending. They never moved a muscle to help fight ISIS. Although they did take in Refugees, Turkey was caught red handed helping ISIS fighters across the border to fight the Kurds. In the early days, Turkey did not want the Kurds to win; it seemed as much when they drug their feet to help in the border crossing at Kobane and Turkey.

WIBR/WARN Radio Commentary on Erdogan and the Kurds of Kobani

Istanbul (dpa) – The US-led coalition that intervened to help Kurdish fighters defeat the Islamic State in Kobane should have also directed military resources against Syrian President Bashar al-Assad, said Turkey’s psident as he unleashed a salvo of criticism Tuesday. Turkish President Recep Tayyip Erdogan, who failed to take a clear role in the coalition against… Continue reading Erdogan critical of US-led Kobane campaign as Kurds celebrate

Inside the Saudi-U.S. Rift

For years, whenever Saudi Arabia and the United States bickered over Middle East policy, the relationship never seemed dangerously strained. The two sides have frequently clashed over Israeli settlements in the West Bank, a solution to the Syrian civil war and Washington’s efforts to ink a nuclear deal with Riyadh’s rival, Iran. But what held the… Continue reading Inside the Saudi-U.S. Rift

Two Israeli Soldiers Killed, Seven Wounded as Violence Flares on Lebanese Border

The threat of a full-blown conflict between Israel and Hezbollah increased on Wednesday after the Lebanese militant group fired a missile at an Israeli army vehicle along the frontier, killing two soldiers and wounding seven, the biggest escalation since a 2006 war. The attack, which Hezbollah said was carried out by one of its brigades in… Continue reading Two Israeli Soldiers Killed, Seven Wounded as Violence Flares on Lebanese Border