Tag: petro-oligarchy

Planet Watch
fracking

Ukraine war windfall for US fracking industry

US President Joe Biden and European Commission president Ursula von der Leyen announced a joint Task Force to reduce Europe’s dependence on Russian hydrocarbons and “strengthen European energy security as President Putin wages his war of choice against Ukraine.” The press release states: “The United States will work with international partners and strive to ensure additional LNG volumes for the EU market of at least 15 bcm [billion cubic meters] in 2022, with expected increases going forward.” This means liquified natural gas from the US fracking industry. Environmental group Global Witness reacted with alarm to the announcement, stating: “If Europe truly wants to get off Russian gas the only real option it has is phasing out gas altogether.” (Image: FracTracker)

Planet Watch
Tengiz

Ukraine war portends new oil shock

Long-depressed oil prices are suddenly soaring in response to the Russian invasion of Ukraine, with impacts already being felt globally. Exports from Kazakhstan and the Caspian Basin are virtually paralyzed, as the Black Sea pipeline terminal delivering the crude to Western markets is incurring a prohibitive “war risk insurance premium.” Berlin has suspended the Nord Stream 2 pipeline, which is to carry Russian gas under the Baltic Sea to Germany—and Russia has retaliated by threatening to cut gas supplies to Europe via the Nord Stream 1 line. In his executive order barring Russian oil and gas imports to the US, President Biden issued a warning to the oil companies, urging that the war should not serve as an excuse for price-gouging. But it is actually the oil futures market that plays a determinant role in fixing the international price. There’s a big psychological element involved, which is why every escalation in the Middle East (without fail) jacks up oil prices. A war in Europe will almost certainly mean another oil shock, with grim implications for the world economy and Biden’s political chances. (Photo of Kazakh oil-field via Wikimedia Commons)

The Andes

Peru: police pop presidential palace in petro-corruption probe

Special anti-corruption prosecutors backed up by National Police troops raided 15 properties around Peru’s capital Lima—including the presidential palace. The raids came as part of Megaoperation Resplandor 2022, an investigation into alleged irregularities in tenders for the purchase of biodiesel between parastatal PetroPerú and private firm Heaven Petroleum Operators. Also raided were the homes of PetroPerú director Hugo Ángel Cháves Arévalo, HPO manager Samir Abudayeh, and prominent entrepreneur Karelim López. The administration of President Pedro Castillo, a populist political outsider, has been wracked by repeated crises and scandals since he took office last July. (Photo: Wikipedia)

Mexico
Pemex

Control of oil behind Mexico-Spain tensions

Mexico’s President Andrés Manuel López Obrador called for a “pause” in relations with Spain, in a speech that explicitly invoked the legacy of colonialism going back to the Conquest. But the speech was aimed principally at Spanish oil company Repsol, which had been favored during the presidential term of Felipe Calderón. Specifically, López Obrador questioned the granting of gas contracts in the Burgos Basin, in Mexico’s northeast. He charged that Repsol operated the fields less productively than the state company Pemex had. “In the end, less gas was extracted than Pemex extracted” before the contracts, he charged. Repsol is meanwhile under investigation by Spanish prosecutors on charges of graft related to the company’s efforts to fend off a take-over bid by Pemex. (Photo via Digital Journal)

Planet Watch
offshore

US judge invalidates massive offshore oil sale

A federal judge in Washington DC invalidated an oil and gas lease sale in the Gulf of Mexico, finding that the Biden administration failed to properly account for the auction’s environmental impact. In 2017, the Outer Continental Shelf Oil & Gas Leasing Program issued a five-year plan which proposed 10 region-wide lease sales. One of those was Lease Sale 257, for 80.8 million acres of Gulf waters, the largest offshore lease sale in United States history. President Biden had initially blocked the sale by executive order, but this was overturned by the courts in a case brought by Louisiana and other states. (Photo: Pixabay)

The Andes
Playa Cavero

Peru demands Repsol pay in coastal oil spill

Peru’s authorities declared an environmental emergency after announcing that 21 beaches around the Lima area were contaminated by an oil spill at a refinery run by Spanish multinational Repsol, calling it the “worst ecological disaster” in the city’s history. The Environmental Evaluation & Control Organism (OEFA) estimated some 6,000 barrels of crude had spilled—dramatically above the mere seven gallons that Repsol had initially reported to authorities when the disaster occurred days earlier. Some 1,740,000 square meters of coastline and 1,1187,000 square meters of sea have been covered in sludge that has blackened beaches and killed marine life. Peru is demanding compensation from Repsol, accusing the company of trying to cover up the scale of the disaster and not having a contingency plan in place. (Photo: Andina)

Planet Watch
Verizon

Podcast: against ‘normalcy’ III

In Episode 107 of the CounterVortex podcast, Bill Weinberg continues his rant against the ubiquitous propaganda that normalizes the oppressive and dystopian pre-pandemic normality—or, as it is now incorrectly rendered, “normalcy” (sic). The opportunity for a crash conversion from fossil fuels that was posed by 2020’s pandemic-induced economic paralysis is now being squandered. The fashionable COVID denialism of the anti-vaxxers is ironically complicit in the actual crimes of the pharmaceutical industry, such as the instating of a “vaccine apartheid“—failing to make the vaccine available to Africa and the much of the Global South. Just at the moment that socialist ideas are being legitimized in mainstream discourse again, the drum-beat for “normalcy” (sic) means less pressure for an urgently mandated public expropriation of corporate cyber-overlords such as Verizon, as well as Big Pharma and Big Oil. Meanwhile, consumerist and technocratic pseudo-solutions, such as the bogus notion of reducing one’s personal “carbon footprint,” obscure the systemic nature of the problem. Listen on SoundCloud or via Patreon. (Photo: IBEW)

Planet Watch
anthropocene

Podcast: against ‘normalcy’ II

In Episode 106 of the CounterVortex podcast, Bill Weinberg continues his rant against the ubiquitous propaganda that normalizes the oppressive and dystopian pre-pandemic normality—or, as it is now incorrectly rendered, “normalcy” (sic). The opportunity for a crash conversion from fossil fuels that was posed by 2020’s pandemic-induced economic paralysis is now being squandered. As fossil-fuel prices soar, the Biden administration is continuing a Trump-era policy to aggressively open public lands to coal mining, refusing to return to an Obama-era moratorium on new leases. US greenhouse gas emissions dramatically bounced back in 2021—one of the hottest years on record. The global mean sea level is rapidly rising, and will keep rising for centuries even if the Paris Agreement goals are met, as seems less likely each day. And all this as hospitals remain overwhelmed coast to coast, and the National Guard is being mobilized to keep them functioning. Listen on SoundCloud or via Patreon. (Photo: CounterVortex)

Planet Watch
freeway

Podcast: against ‘normalcy’

In Episode 105 of the CounterVortex podcast, Bill Weinberg rants against the ubiquitous propaganda that normalizes the oppressive and dystopian pre-pandemic normality. Amid the relentless COVID-19 denialism, even mainstream voices are calling for a return to “normalcy” (sic)—which is not even a word. The opportunity for a crash conversion from fossil fuels that was posed by 2020’s pandemic-induced economic paralysis, when already depressed oil prices actually went negative, is now being squandered. President Biden just released oil from the Strategic Reserves to control soaring prices. Simultaneously, the administration is moving ahead with the largest offshore oil lease sale in US history. While during the 2020 lockdown. the usually smog-obscured Himalayas became visible from northern India for first time in decades, Delhi is now choked with emergency levels of toxic smog. During the 2020 lockdown, the total US death rate actually dropped because people were staying off the roads; US traffic deaths are now soaring. New York’s new Mayor Eric Adams wants to stake the city’s economic future to the cryptocurrency industry, even as China is cracking down on Bitcoin “mining” (sic) because of its “extremely harmful” carbon footprint. And amid all the empty hand-wringing about climate change, airlines are flying thousands of empty “ghost flights” in order to keep their slots at congested airports. The “return to normalcy” must be urgently resisted. As Bruce Cockburn observed long ago, the trouble with normal is it always gets worse. Listen on SoundCloud or via Patreon. (Photo: malingering via The Source Metro)

Planet Watch

Podcast: climate change and the global struggle

In Episode 81 of the CounterVortex podcast, Bill Weinberg takes stock of the fast-mounting manifestations of devastating climate destabilization—from Oregon to Siberia, from Germany to Henan. In Angola, traditional pastoralists are joining the ranks of “climate refugees” as their communal lands are stricken by drought. In Iran’s restive and rapidly aridifying Ahwazi region, protests over access to water have turned deadly. These grim developments offer a foreboding of North America’s imminent future. Yet media commentators continue to equivocate, asking whether these events are “linked to” or “caused by” climate change—rather than recognizing that they are climate change. And the opportunity for a crash conversion from fossil fuels that was posed by last year’s pandemic-induced economic paralysis, when already depressed oil prices actually went negative, is now being squandered. Oil prices are again rising, with the return to pre-pandemic dystopian “normality.” Listen on SoundCloud or via Patreon. (Photo of Ahwazi protesters in Iran: Ahwazna)

North America
PennEast Pipeline

SCOTUS: pipeline companies may take state property

The US Supreme Court ruled 5-4 in PennEast Pipeline Co. v. New Jersey that the Natural Gas Act grants private companies authority to take state-owned property to build interstate pipelines. PennEast Pipeline obtained a certificate from the Federal Energy Regulatory Commission to build a 116-mile gas pipeline from Pennsylvania to New Jersey and sought to exercise its federal eminent domain authority by taking public land in New Jersey. The state of New Jersey moved to dismiss the company’s request on sovereign immunity grounds. A district court ruled in favor of PennEast Pipeline, but the Third Circuit Court of Appeals vacated the order. In an opinion delivered by Chief Justice John Roberts, the Supreme Court reinstated the district court order in favor of PennEast Pipeline. (Photo via WHYY)