The development of shale oil resources in the U.S. combined with the opening of new fields in the Arctic could see the country pumping 14.2 million barrels per day by 2020, up from 7.5 million barrels per day in 2013.
This newfound influx of oil would enable the U.S. export 4.7 million barrels per day of oil and natural gas liquid by the end of the decade. This would rule out the need for around two million barrels per day that the world’s largest economy currently imports.
Saudi Arabia, currently the world’s largest oil exporter appears willing to let oil prices fall in a bid to win back market share in the U.S. where the profitability of drilling comes under pressure with prices below $80 per barrel. Continue reading
After already receiving a controversial $1.6 billion construction loan from U.S. taxpayers, the wealthy investors of a California solar power plant now want a $539 million federal grant to pay off their federal loan.
Ivanpah is the largest concentrated solar power plant in the world. It was unveiled in February with great fanfare. Dr. Ernest Moniz, the U.S. Secretary of Energy, justified taxpayers’ investment at the time, saying, “We want to be technology leaders. It’s good for our economy and it’s also good for helping stimulate the global transition to low carbon.” Continue reading
US air strikes have targeted a gathering of Islamic State leaders in Iraq in a town near the Syrian border, possibly including the group’s top commander Abu Bakr al-Baghdadi, Al-Hadath television channel said on Saturday.
Iraqi security officials were not immediately available for comment on the report from Al-Hadath, part of Saudi-owned al-Arabiya television, but two witnesses told Reuters an air strike targeted a house where senior Islamic State officers were meeting, near the western Iraqi border town of al-Qaim.
They said Islamic State fighters had cleared a hospital so that their wounded could be treated. Islamic State fighters used loudspeakers to urge residents to donate blood, the witnesses said.
The US F-18’s were able to hit this target without ground based laser guidance?
Possible….but I think more than likely guided by a FAC.
But then, that would be “boots on the ground”…..wouldn’t it?
Current US Islamic State Strategy:
The current Obama Administration’s strategic policy formulation regarding ISIL appears to be mirroring the much criticised Bush policy of 2003.
The tired path of piecemeal deployments of assets to Middle Eastern wars without unambiguously identifying the Enemy, including the implicit enemy; a Mission ; and an Extraction plan, appears to be being trodden once more. The obvious threats that ISIL represents not only to the West but more to the point the current ruling paradigm of the whole Middle East.
For the West to engage in what is a millennium long religious war between Arab and non Arab Muslims, between Sunni Muslims and Shi’a Muslims, between Persians and Arabs, between neo-Ottoman Turks and their former satraps, between Middle Eastern non-Muslim and Muslims, between secularists and religious, between tyrants and religious fundamentalists, the US and West should take heed of history before overtly involving themselves, in this martial ‘witch’s brew . Continue reading