• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 8 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 9 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 3 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 1 hour Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 4 hours Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 49 mins "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 2 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 3 days "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 3 days Are you aware of Oil Price short videos on our energy topics?
  • 3 days Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?

Breaking News:

California Gasoline Prices Are Spiking

Editorial Dept

Editorial Dept

More Info

Premium Content

Libya's Oil Rebound Continues

Libya has now opened the floodgates of its oil - tentatively - by lifting force majeure (as of Sunday) on its largest oilfield, al-Sharara. It’s a fragile start, at best, because it hinges on an agreement between the militias of the Petroleum Facilities Guards (PFGs) and the NOC. 

What could go wrong? Just about everything. A “gentleman’s” agreement with militias is never a solid thing. 

Turkey, for one, is still warmongering and is desperate to provoke the LNA’s General Haftar into another fight. And much is at stake for Turkey, so meddling and interference should be monitored with extreme caution. The brazen deal Turkey cut with the GNA (led by Libyan prime minister Sarraj) is now in question. That deal was Ankara’s last-ditch effort to remain the Mediterranean oil and gas game, because it created a new maritime boundary threatening Greek sovereignty. 

Egypt is still on red alert, and Cairo has made it clear that it views the deal between Sarraj (who has said he would resign this month) and Erdogan as illegitimate. The normally toothless European Union has also categorically rejected the demarcation. 

Turkey needs the Libyan war to continue because, the way it stands, it is not in Ankara’s favor. 

But Haftar is letting the oil flow, for now, and is not being provoked. But this is still a question of revenues. Oil revenues are temporarily going to the Libyan Foreign Bank, rather…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News