Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

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Geopolitics

  • Libya's Security Should Mirror Oil Ambitions

    A U.S. report on the 2012 attacks in Benghazi highlighted longstanding concerns about the threat level in Libya. The interim report from the House of Representatives followed an attack this week that left parts of the French Embassy in Tripoli destroyed by a car bombing. Last year's attack on the U.S. consultate in Benghazi left U.S. Ambassador to Libya Chris Stevens and three of his staff members dead. Libya has struggled with post-conflict stability and reconstruction tied to its oil sector. The government there said this week it wanted to increase oil production, echoing sentiments about offshore natural gas exploration…

  • The Implications of the EU’s Lifting Sanctions on Syria’s Oil

    In an astute political move the European Union lifted its embargo Monday on oil imports from Syria. Actually better make that an embargo lifted on oil imports from rebel held areas in Syria.  This is a de facto sidelining of the regime in power by the EU and recognition of the rebels as the legitimate representatives of the Syrian people. Which opposition group will represent Syria in future talks with the EU however remains as murky as the war many of the various factions engaged in the Syrian conflict are fighting. Indeed, the forces queuing up to help President Bashar Assad…

  • Boston Marathon Attacks, Chechnya and Oil – the Hidden U.S. Connection

    As Boston and U.S. security agencies congratulate themselves over the apparent neutralization of a pair of Chechens that bombed the Boston Marathon, troubling questions are beginning to arise.First and foremost is, why a pair of Chechens, born in the former Soviet republic of Kyrgyzstan, apparently committed the attack?For possible answers, one must looks beyond the present and delve into Russia’s and the USSR’s past policies towards Chechnya, and since 1991, U.S. policy in the Caucasus, which since the 1991 implosion of the USSR had a single focus – the exploitation of the Caspian’s massive energy reserves.It is a history that…

  • Colombian Insurgencies Continue to Target Foreign Energy, Mining Companies

    Nowhere else in the world is the disparity between rich and poor so extreme as in Latin America.Beginning in the late 1950s with the triumph of Fidel Castro’s revolution in Cuba, Central and Latin America have simmered ever since with various ongoing militant struggles against fiscal and social injustice.The best known of these is Colombia’s Marxist Fuerzas Armadas Revolucionarias de Colombia, more commonly known by the acronym FARC.Colombia has Latin America’s fourth largest economy, but the distribution of wealth is highly unequal, with a 2006 report by the National University of Colombia reporting that only 13.8 percent of total national…

  • YEMEN: Chaotic Venue Offers Up New Exploration Tenders

    Bottom Line: Yemen is offering up new oil exploration licenses citing a great interest by foreign oil companies, but the truth is that this venue presents THE HIGHEST political risk of any venue anywhere in the world.  Analysis: Bidding ends on 15 May and the licenses up for grabs are in the al-Sabaateen Basin, al-Rub al-Khali Basin and the Aden-Abyan Basin, according to the country’s Oil Ministry. Some of the sectors included have never been explored. There are 15 blocks (10 offshore and 5 onshore) up for auction and 20 April is the deadline for letters of intent. Earlier in…

  • Ghana Oil Boom Raises Piracy Specter

    Recent significant offshore oil discoveries in Ghana will catapult the nation into Africa’s major producers club, but it will also be a boon for piracy on the high seas, which has more recently expanded its reach to include Ghana’s coastal waters. Ghana has gone from producing no oil in 2010 to become a major producer by the end of 2012. Over the past three years, there have been 13 discoveries in Ghana, and a key field is nearly maximum production levels, with new projects ready to come on line. As of 2012, Ghana’s proven reserves were at about 660 million…

  • Will Syrian Oil Developments Mirror Libya's?

    Al-Qaida leader Ayman al-Zawahiri said in an April 7 message that Syrian opponents of Bashar Assad should work to establish an Islamic state. Civil war, now in its third year, shows few signs of ending and a lack of international solidarity on the way forward has fractured the country's rebel movement. Bruce Riedel, a former CIA officer, described Syria's al-Qaida wing, Jabhat al-Nusra, as the "fastest growing al-Qaida movement in the world." Al-Nusra's allegiance to al-Qaida has forced the Free Syrian Army to distance itself from the movement, highlighting the lack of cohesion among opponents of the Assad regime. Nevertheless,…

  • Syria: When is Enough, Enough? When the Oil becomes “Islamized!”

    The "cruelty and carnage" in Syria, is how the situation in that country has been described in a rare joint statement by the chiefs of five UN organizations. The statement came accompanied by a plea to the international community to take concrete action and stop the bloodshed.“Enough!” It cried out as fierce fighting continues to claim lives.The chiefs of the WHO, UNICEF, OCHA, WFP and the UNHCR urged political leaders to do “something more than funds” to help end the crisis in Syria. The United Nations reports that to date no less than 70,000 people have lost their lives and…

  • Foreign Oil & Gas Companies Look to Status Quo in Venezuela

    Now that Nicolas Maduro—the late Hugo Chavez’s choice for successor—has narrowly won Sunday’s presidential elections in Venezuela, oil and gas investors can expect a perpetuation of the status quo. In Sunday’s vote, Maduro won with a very narrow 50.7% and a vow to continue with Chavez’s “revolution,” which has seen the oil industry nationalized and the state-run PDVSA oil company funding social programs and voraciously courting China and Russia. The narrow vote will not be without its challenges. Opposition rival candidate Henrique Capriles has refused to recognize the results and is demanding a recount, though the electoral commission is standing…

  • Iraq-Jordanian $18 billion pipeline – Reality or Fantasy?

    The Middle East is not renowned for thinking small, especially in terms of energy projects.The Jordanian and Iraqi media are announcing, amidst great fanfare, an agreement to construct a 1,043 mile-long new dual $18 billion pipeline, to transit Iraqi crude oil and natural gas to Jordan, capable of transmitting one million barrels of oil and 258 million cubic feet of gas per day from Iraq’s Basra port on the Arabian Gulf to Jordan's Aqaba port in the Gulf of Aqaba on the Red Sea.The project has apparently moved beyond the planning stage, as Iraq oil ministry's State Company for Oil…

Martin tiller