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Paul Merrell

Oil And Gas Sector Troubles Drive Corporate Default Rate To Highest Level In Seven Year... - 0 views

  • The troubled oil and gas industry has been a big factor in driving global corporate defaults to their highest rate in seven years.Four more companies defaulted this week, bringing the overall tally to 40 so far this year, the ratings agency Standard & Poor’s said Friday in a research note. The last time defaults hit such heights was in the depths of the global recession in 2009.About one-third of that total, or 14 defaults, came from oil and gas companies, which are struggling to pay off debt acquired when oil prices were higher. U.S. crude prices are down more than 60 percent from their June 2014 peak of $105 a barrel, trading at around $39 a barrel Friday. Investors now face tens of billions of dollars in energy defaults as the worst oil crash in decades leaves drillers struggling to stay afloat.
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    In related news, the nation's largest coal company, Peabody Coal, just filed for bankruptcy. Several other coal companies already have, indicative of plummeting markets and prices for coal. 
Paul Merrell

Russia Reports Discovery of Rebel-Held Chemical Weapons at Site of Idlib Gas Attack - 0 views

  • In the aftermath of yesterday’s chemical gas attack in Syria’s Idlib Province, numerous governments – including those that have funded and armed rebels in an attempt to overthrow the Syrian government – have accused the Syrian army of being primarily responsible for the attack, despite no independent confirmation of their claim and no investigation into who was truly responsible for the tragedy. As MintPress recently reported, the only information available regarding the attack so far has come from only two sources: the White Helmets and the Syrian Observatory for Human Rights. Both groups have strong ties to pro-interventionist governments that have armed and funded rebel groups and even have ties to al-Qaeda.
  • However, pro-interventionist elements in foreign governments and within the Syrian opposition seem disinterested in obtaining valid information, jumping on initial accusations from dubious sources to support long-standing efforts to destabilize and overthrow the Syrian government. Wednesday morning, while media outlets throughout the West ran headlines calling for foreign intervention in Syria with headlines like “We Must Not Look Away,” the Russian Defense Ministry announced a surprising discovery in Khan Sheikhoun the very township where the gas attack took place. Maj. Gen. Igor Konashenkov publicly stated Wednesday morning that a warehouse in the vicinity of Khan Sheikhoun had been destroyed as part of a Syrian Air Force airstrike conducted midday Tuesday, several hours after the gas attack. According to Konashenkov, the facility produced and stored shells that contained toxic gas, many of which had been delivered to Iraq and repeatedly used there by Daesh militants and other extremists. He also pointed out that the same weapons had been used by foreign-funded rebels in Aleppo in 2016 – a conclusion derived by the analysis of samples taken by Russian military experts. He also stated that the victims of yesterday’s gas attack displayed identical symptoms to those shown by victims of the Aleppo attack. Rebels operating in the area – all of which are allied with the al-Nusra Front and Ahrar al-Sham, both al-Qaeda affiliates – have rejected Konashenkov’s claims. Hasan Haj Ali, commander of the al-Nusra affiliate Free Idlib Army rebel group, told Reuters: “all the civilians in the area know that there are no military positions there, or places for the manufacture [of weapons]. The various factions of the opposition are not capable of producing these substances.”
  • However, it was proven back in 2013 that not only were the rebels capable of producing chemical weapons, but they had used them repeatedly in both Syria and Iraq. For instance, UN officials have confirmed that anti-Assad rebels were responsible for the 2013 sarin gas attack in Ghouta, another attack that was prematurely blamed on the Assad regime. In addition, Pulitzer Prize-winning journalist Seymour Hersh established in his 2014 piece “The Red Line and the Rat Line” that rebels have long had the capacity to carry out chemical weapon attacks and that countries such as Turkey and Saudi Arabia have supplied them with such weapons. Sria’s government, by contrast, no longer has chemical weapons, a fact established by the Organization for the Prohibition of Chemical Weapons (OPCW). The organization confirmed in 2016 that all Syrian government chemical weapons had been destroyed under their supervision per Assad’s affirmation of the International Chemical Weapons Convention three years prior. OPCW’s fact-finding mission, a joint effort with the United Nations, is still active within Syria and has yet to report its findings regarding Tuesday’s attack, according to a statement released Wednesday. In addition, questions have been raised regarding the information that has come from opposition sources regarding the gas attack in Idlib, particularly the now widely-shared images purporting to show victims of yesterday’s attack.
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  • As Paul Antonopoulos of Al-Masdar News wrote: […] in the above picture, the White Helmets are handling the corpses of people without sufficient safety gear, most particularly with masks mostly used, as well as no gloves. […] Within seconds of exposure to sarin, the affects [sic] of the gas begin to target the muscle and nervous system. There is an almost immediate release of the bowels and the bladder, and vomiting is induced. When sarin is used in a concentrated area, it has the likelihood of killing thousands of people. Yet, such a dangerous gas, and the White Helmets are treating bodies with little concern to their exposed skin. This has to raise questions.” While Western governments and the corporate media have already assured themselves of Assad’s guilt, this latest discovery – along with other notable evidence – suggests that the basis for this assumption is faulty at best. The warehouse was discovered less than a day prior to a UN Security Council emergency meeting over Tuesday’s gas attack, leading many pro-interventionist governments to suggest that Russia is merely trying to protect its ally from international criticism and retaliation. Though the timing could be construed as suspect, Assad – on the verge of reclaiming nearly all Syrian cities from the opposition – stands little to gain from using internationally banned weapons, while the increasingly desperate NATO-armed and funded rebels are the greatest beneficiaries from the renewed calls for foreign intervention in Syria following Tuesday’s attack. At the very least, this latest discovery of a chemical weapons warehouse demands that world leaders, pro-intervention and otherwise, must wait for a complete investigation of the incident before taking drastic action. As Antonopoulos noted: “Before the war cries begin and the denouncement of the government from high officials in power positions begin, time must be given so that all evidence can emerge.”
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    As the U.S. prepares to go to war against Syria for its alleged gas attack in Idlib province ...
Gary Edwards

Tax Code Tweak Might Make CNG for Vehicles More Available | RedState - 0 views

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    Representative Dr. William Cassidy (R-LA) has put forward a common sense change to the tax code that will jump the economy of the USA forward, making use of plentiful and comparatively inexpensive natural gas. excerpt: The recent natural gas boom in the United States has been so wide-spread and profound that it has dropped natural gas prices to historical lows. These prices are so low that producers have begun to scale back operations as extraction has almost become uneconomical. We should be focused on exploring new commercial markets for natural gas to take advantage of such a low-cost energy source. Because technology and supply is currently available to sell the natural gas equivalent for about $1.50 a gallon compared with the current price of gasoline, it would seem natural for consumers to begin making the switch to compressed natural gas CNG (Compressed Natural Gas) vehicles. So if the technology is already available and we have at least a 100-year supply of natural gas right here in America, why aren't we all driving CNG cars? Unfortunately, the main obstacle is a lack of natural gas fuel infrastructure in our country. Currently in the United States, there are only 449 CNG fueling stations accessible to the public, which is dwarfed by the more than 157,000 gasoline stations. There are a number of proposals to spur natural gas infrastructure development in Washington. Not surprisingly, when it comes to Congress, the most talked about option involves subsidies for both natural gas vehicles and for the actual CNG fuel itself. While we should be using all of our available natural resources to aid in lowering the costs of transportation, the reality is that our country has neither the money to subsidize development nor the expertise to pick winners and losers in the energy and transportation sectors. As opposed to subsidies, I believe that a simple change to our tax code would help those companies that develop natural gas look at domestic retail infrastruc
Paul Merrell

Venezuela and Russia Reach $14 Billion Oil and Gas Deal | venezuelanalysis.com - 0 views

  • Venezuelan President Nicolas Maduro concluded an agreement with Russia's state-owned Rosneft that will see an additional $14 billion in investment in the South American country's oil and gas industry over the coming years.    The move was announced by the socialist leader on Wednesday following a meeting he convened between the president of Venezuela's state oil company PDVSA, Eulogio de Pino, and Rosneft president Igor Sechin.    "We had a great meeting and agreed on investment of over $14 billion,” declared Maduro in a television address from Miraflores palace.    The new investment will reportedly go towards further developing Venezuela's Orinoco Belt in the country's northeast, which is home to some of the worlds largest reserves of crude oil and already contains 250 oil fields. PDVSA aims to double Venezuela's oil output to 6 million barrels a day by 2019, four million of which are to come from the Orinoco Belt. 
  • Speaking from the 9th meeting of the High Level Intergovernmental Commission in Moscow, Venezuelan foreign minister Delcy Rodriguez expressed her solidarity with Russia, affirming that both Venezuela and Russia "have become victims of unconventional war".    "We are convinced that we share the same idea about what is occuring on the global level. Just as the Soviets did their best to overcome the Nazis, today Russia is battling with all its strength to navigate a new geopolitical power structure that permits it to reduce the hegemony and expansionism of imperialism."
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    Interesting. Are China, Russia, and Venezuela getting positioned to drive down the price of oil produced by the Gulf Coast States that is only sold for U.S. dollars? China has already invested mightily in Venezuela's oil and gas infrastructure. Note that it's unlikely that Russia and Venezuela could pull off such a move without heavy subsidies from China. (This deal is seemingly against Russia's interests in its revenue from its own gas and oil.) 
Paul Merrell

General Reports Progress in Inherent Resolve Operations > U.S. DEPARTMENT OF DEFENSE > ... - 0 views

  • The Iraq Security Forces are making daily progress in Ramadi during a difficult counterattack against the Islamic State of Iraq and the Levant, the chief of staff of Combined Joint Task Force-Operation Inherent Resolve said today. Marine Corps Brig. Gen. Kevin J. Killea, briefed the press here on operations in Iraq and Syria and ongoing discussions with Turkey about their support in the campaign against ISIL.
  • Killea also provided an update on the Aug. 11 mortar attack against the Kurdish Peshmerga that, according to press reports, involved a chemical agent. Preliminary field tests show the presence of sulfur mustard, he confirmed, but full testing will take a few more weeks. In the meantime, forces in Iraq and Syria “really don't need another reason to hunt down ISIL and kill them wherever we can and whenever we can,” Killea said. But, he added, any indication of the use of a warfare agent reinforces the coalition position that ISIL is an abhorrent group that will kill indiscriminately without a moral or legal code or restraint. A couple of days after the attack, Killea said, “we were able to … take fragments from some of those mortar rounds and do a presumptive field test on those fragments and they showed the presence of HD, or what is known as sulfur mustard. That is a class-one chemical agent.” Such a presumptive test is not conclusive, he added, and the results indicate only the presence of that chemical. “It doesn't tell us anything more than that. So it is going to take us a couple of weeks to do the full testing on those fragments to figure out what was contained in or on those mortar rounds before we make a determination on exactly what it was, potentially how much it was and maybe even where it came from,” the general said.
Paul Merrell

Kerry had up to $1m stake in voided gas partnership | The Times of Israel - 0 views

  • S Secretary of State John Kerry in the past held up to a million dollars worth of shares in Noble Energy, the US-based firm that co-owns Israeli gas rigs in an arrangement that the antitrust authority has demanded be broken up because it forms a duopoly.
  • The revelation came as the security cabinet was set to vote on defining the gas issue as possessing security or political implications, enabling it to bypass the Israel Antitrust Authority. The controversial move will allow the state to accept a compromise deal with the Leviathan and Tamar natural gas field owners despite the authority’s objections that it leaves operators Noble Energy and the Israeli Delek Group with too much control of the gas rigs. Details of Kerry’s share-ownership were revealed by the freedom of information site Opensecrets on Thursday and were based on Kerry’s financial declarations from 2013. Kerry apparently held between $500,000 and $1 million of Noble Energy shares and sold at least some of them in 2015 at a time when their value had slumped. The US diplomat was reportedly instrumental in putting together a September 2014 deal between the Jordanian government and the owners of Israel’s Leviathan gas field.
  • In December he pushed Prime Minister Benjamin Netanyahu to sign energy supply deals in the region involving Noble, after the deal with Jordan fell through following objections by the state trust-buster. “We continue to engage and we support all parties to move forward with the natural gas deal signed between Noble Energy and entities in Jordan and Egypt,” State Department spokesman Jeff Rathke said on December 30. “We strongly believe that these deals would enhance energy security in the region.” Rathke did not disclose Kerry’s financial interest in the energy company at the time. Antitrust Authority Commissioner David Gilo on December 23 voided the partnership allowing Noble and Delek to develop the Leviathan and Tamar gas sites in the Mediterranean Sea over objections regarding the price at which the companies were preparing to sell gas to the Israeli economy.
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  • In May, Gilo resigned in protest after the government pushed forward a proposal that would leave the US conglomerate and its Israeli partner as the sole operators of both offshore gas rigs.
  • While the revised draft being pushed by the government would reduce Noble’s holdings in the Tamar reservoir from 36 percent to 24% within six years and remove its veto rights in the partnership, the Texas-based company would still have the privilege of marketing gas from both reservoirs. In April Netanyahu together with Energy and Water Minister Silvan Shalom authorized the sale of natural gas from Israel’s Tamar gas field to private clients in Jordan. Under the terms of the $500 million deal, the Tamar natural gas reservoir partnership was to sell 1.87 billion cubic meters of natural gas to Jordanian companies Arab Potash and its affiliate Jordan Bromine over the next 15 years. In 2013, Israel decided to export 40% of the country’s offshore gas finds, in an effort to transform Israel from an energy importer to a major world player in the gas market.
Paul Merrell

United Nations News Centre - Security Council approves probe into those responsible for... - 0 views

  • The United Nations Security Council today gave the greenlight for the establishment of a Joint Investigative Mechanism to identify those responsible for the use of chemical weapons in Syria. In a unanimously adopted resolution, the 15-member body requested the UN Secretary-General, in coordination with the Director-General of the Organization for the Prohibition of Chemical Weapons (OPCW), to submit recommendations for the establishment of the Mechanism within 20 days. The Council will then respond to the recommendations within five days of receipt. The Mechanism, established for a period of one year with a possibility of future extension, will be tasked with identifying “individuals, entities, groups, or governments involved in the use of chemicals as weapons, including chlorine or any other toxic chemical,” in Syria, according to the Council, which reiterated that those responsible must be held accountable.
  • he resolution stresses the obligation of the Syrian Government and all parties in the country to “cooperate fully” with the OPCW and the UN, including providing full access to all locations, individuals and materials in Syria relevant for the Joint Investigative Mechanism. It also calls on all other States to cooperate fully, including providing any relevant information they may possess pertaining to those involved in use of chemicals as weapons in Syria. In March 2015, the Council expressed deep concern that toxic chemicals, such as chlorine, had been used as a weapon in Syria – which was the conclusion with a “high degree of confidence” by the OPCW Fact-Finding Mission – stressing that those who use such weapons must be held accountable. The UN and the OPCW previously worked together to oversee the destruction of Syria’s chemical weapons stockpiles and production facilities, a task they completed in October 2014.
Gary Edwards

Interview with Harold Hamm: How North Dakota Became Saudi Arabia - WSJ.com - 0 views

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    A USA Oil and Natural Gas revolution - WSBJ Stephen Moore interview Harold Hamm of Continental Resources.  Hamm recounts his discussion with the watermelon in chief, Obama. (Green on the outside and red on the inside).  Seems Obama really believes his green energy will totally replace oil and natural gas within the next five years.  What an idiot. excerpt: Harold Hamm, the Oklahoma-based founder and CEO of Continental Resources, the 14th-largest oil company in America, is a man who thinks big. He came to Washington last month to spread a needed message of economic optimism: With the right set of national energy policies, the United States could be "completely energy independent by the end of the decade. We can be the Saudi Arabia of oil and natural gas in the 21st century." "President Obama is riding the wrong horse on energy," he adds. We can't come anywhere near the scale of energy production to achieve energy independence by pouring tax dollars into "green energy" sources like wind and solar, he argues. It has to come from oil and gas. You'd expect an oilman to make the "drill, baby, drill" pitch. But since 2005 America truly has been in the midst of a revolution in oil and natural gas, which is the nation's fastest-growing manufacturing sector. No one is more responsible for that resurgence than Mr. Hamm. He was the original discoverer of the gigantic and prolific Bakken oil fields of Montana and North Dakota that have already helped move the U.S. into third place among world oil producers. How much oil does Bakken have? The official estimate of the U.S. Geological Survey a few years ago was between four and five billion barrels. Mr. Hamm disagrees: "No way. We estimate that the entire field, fully developed, in Bakken is 24 billion barrels."
Paul Merrell

Western Sponsors Liable for Kiev Basket Case | nsnbc international - 0 views

  • The Kiev ultra rightwing regime that Washington and Brussels railroaded into power in February this year, in an illegal coup d’état, has compounded fiscal bankruptcy with a seventh-month criminal war on the ethnic Russian population of the eastern Donbass regions, prompting up to a million refugees to stream across the border with Russia. Earlier this month, the International Monetary Fund (IMF) warned that Ukraine will need to find an additional $19 billion to avoid bankruptcy if the Kiev regime continues with its military operations in the east of the country. That is on top of the $17 billion that the IMF has already committed to Kiev following the CIA-backed coup against the elected government of President Victor Yanukovych. The legality and delivery of those IMF funds are questionable given the Washington-based institute’s own prohibition on funding states that are engaged in war.
  • This is the context for why Russia was obliged to put Ukraine on a prepayment basis over gas purchases back in June. At a trilateral negotiation in Brussels on September 26, the parties appeared to reach an agreement on a winter package of gas supply to Ukraine from Russia to cover the months of October to March inclusively, which would be based on a prepayment scheme. The payment rate agreed to was $385 per 1,000 cubic metres of natural gas. Granted, that payment rate is a lot more than what Moscow was previously supplying the Yanukovych government. But that was on a preferential basis to an ally. Given that the Kiev regime ousted this ally of Moscow and has shown unprecedented hostility towards Russia ever since the coup in February it is not unreasonable that Russian state-owned Gazprom has raised the price of its gas to $385, and especially because that figure is the average price paid by all European countries for Russian gas.
  • The fact is that Ukraine owes Russia $5.3 billion in unpaid gas bills going back several years. As Western consumer societies might just appreciate, if a customer does not make good on outstanding credit for a service or goods, then the supplier of that service is entitled by law to with-hold further delivery.
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  • «We are ready to pay in advance but the advance payment mechanism has not yet been squared,» the Kiev energy minister told media. Hmmm, payment mechanism has not yet been squared? That hardly sounds like an ironclad commitment to honour contracts with Russia and to make long overdue amends to outstanding debt. It sounds rather like more of the same shenanigans that typifies this warmongering junta. Russia’s energy minister Alexandr Novak is therefore not only entitled, but is merely exercising a modicum of sanity, to insist that Kiev presents a definitive source of funds by the next trilateral meeting scheduled to take place on October 29. To any reasonable person, Russia’s insistence on Kiev providing proof of ability and willingness to pay for the next delivery of natural gas is not an act of «intimidation» but rather is a basic and wholly justified reservation on the part of Moscow to make sure that it is indeed paid for a strategically vital export. One can only imagine how the US or EU would react if they were being dictated to by a hostile jumped-up regime.
  • The depth of Kiev’s insolvency is probably even worse than the IMF’s own dire forecast. Sergei Glazyev, an economic advisor to Russian President Vladimir Putin, earlier this month reckoned that Ukraine will need at least $100 billion to stabilise its economy. He says that the Kiev regime won’t be able to meet its international obligations even if all the promised financial aid from the US and the European Union is delivered, which is doubtful. «Default is inevitable,» Glazyev concludes. In this context of extreme credit unworthiness, it is not surprising therefore that Russia is insisting that the Kiev regime make prepayments for the further purchase of natural gas. Ukraine will require some 18 billion cubic metres of the fuel to see it through the bitter winter months – and all of it from Russia.
  • The September 26 agreement also stipulated that Kiev would pay off its $5.3 billion debt to Russia in roughly two equal tranches amounting to a total of $3.1 billion by the end of this year, with the first payment at the end of this month. However, on October 13, the Kiev-appointed energy minister Yuriy Prodan announced an about-turn by declaring that the regime would not be making any prepayment, and that money would be forthcoming only after delivery of Russian gas. Such a truculent attitude is by no means the first time that Kiev has vacillated on commitments, not just over gas, but also in the realm of political negotiations to find a peaceful solution to the violence in the eastern regions. In a word, the Western-backed regime in Kiev has shown itself to be unreliable to say the least, if not downright unscrupulous. That conclusion is not based on random delinquent behaviour but rather on a systematic pattern since the regime seized power. Then this week at the latest trilateral talks in Brussels, Kiev’s Prodan once again swivelled position and is now appearing to say that the regime will make good on the arrangement of prepayments.
  • What’s more, Russia’s adamant stance on gas prepayments is all the more warranted because the Western sponsors of the Kiev regime have so far shown little inclination to help it deal with its looming energy crisis.
  • Last week, Kiev put a request to the European Commission for a loan of $2.6 billion. But all that the EC would say is that it is considering the request. Yet, on the basis of no money, the EU’s energy commissioner Guenther Oettinger this week says that he expects a gas deal to be signed on October 29 between Russia and Ukraine under the auspices of Brussels. Washington is even more circumspect than Brussels on the matter of providing hard cash to Kiev, as opposed to lots of hot-air promises of nebulous aid. One gets the feeling that the Western sponsors know full well that this regime is a basket case. Nevertheless, these Western sponsors are liable for the basket case that they created. Russia is thus dead right to be sceptical and to insist: show us the colour of your money. If not, then the Western-aspiring regime should be ready to abide by its Western consumer-market principles. No money, no delivery – unless your Western daddy bails you out, which is not looking likely so far. If Ukraine comes off the rails with an energy crisis this winter, the responsibility lies with the reckless regime-hijackers in Washington and Brussels. They created this wreck, they should pay for it – not the government of Russia, which has shown incredible forbearance in spite of gratuitous insults, provocation and insolence.
Paul Merrell

Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine | Daily Mai... - 0 views

  • Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis 'within hours' as a dispute with Ukraine escalated. This morning, gas companies in Ukraine said that Russia had completely cut off their supply.Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine. Croatia said it was temporarily reducing supplies to industrial customers while Bulgaria said it had enough gas for only 'for a few days' and was in a 'crisis situation'.
  • Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis 'within hours' as a dispute with Ukraine escalated. This morning, gas companies in Ukraine said that Russia had completely cut off their supply.Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine. Croatia said it was temporarily reducing supplies to industrial customers while Bulgaria said it had enough gas for only 'for a few days' and was in a 'crisis situation'.
  • The dispute, coupled with Israel's military operation in Gaza, also pushed oil up to a three-week high of $49.91 in New York yesterday. Russia, whose main export is oil, stands to benefit from a recovery in prices. 'Without prior warning and in clear contradiction with the reassurances given by the highest Russian and Ukrainian authorities to the European Union, gas supplies to some EU member states have been substantially cut,' the EU said in a statement.'The Czech EU Presidency and the European Commission demand that gas supplies be restored immediately to the EU and that the two parties resume negotiations at once with a view to a definitive settlement of their bilateral commercial dispute,' the presidency and the Commission said in a joint statement.They added that the EU would 'intensify the dialogue with both parties so that they can reach an agreement swiftly'.
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  • The EU demanded the two sides reopen talks as the row immediately sparked fears of gas supply shortages and rising energy prices in the UK.The UK is suffering one of its coldest nights this century with temperatures plunging to as low as -10C.Though Britain is one of Gazprom's largest importers - relying on the company for some 16 per cent of consumption in 2007, according to The Times, the gas is supplied through a complicated swap scheme that means supplies themselves may not be affected.Prices, on the other hand, rose during trading in London today.
  • Overnight the Russian Prime Minister Vladimir Putin ordered the state energy giant Gazprom to cut supplies to and through Ukraine by around three-fifths amid accusations its neighbour has been siphoning off and stealing Russian gas. Ukraine says the Russian move has been prompted by payment and price disputes, a row between the two that has become almost annual. The effects of the dispute on the rest of Europe however is stark, said Ukraine's main gas supplier. Around 80 per cent of the gas European Union countries receive from Russia comes through Ukraine. While Germany and France are much more exposed, it is reckoned in some estimates that 15 per cent of Britain's supplies come from Russia through pipelines into the UK's east coast.
  • 'They [the Russians] have reduced deliveries to 92million cubic metres per 24 hours compared to the promised 221million cubic metres without explanation,' said Valentin Zemlyansky of the Ukrainian gas company Naftogaz. 'We do not understand how we will deliver gas to Europe. This means that in a few hours problems with supplies to Europe will begin.'Wholesale gas prices have already risen on the back of the rallying price of oil, up 50 per cent in the last fortnight to more than $48 a barrel on the back of Middle East tension over Israeli incursions into Palestinian-held Gaza.
  • Eastern and central European countries are already reporting supply problems, including the Czech Republic which has the current presidency of the EU. The EU as a whole depends on Russia for 25 per cent of its gas supplies.
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    Ukraine stealing Russian gas and Putin sends a strong message to the EU. My guess is that the EU will tell the U.S. in no uncertain terms to control its puppet. Conceivably, this might be the triggering event for the EU to begin the transition to de-dollarization and warmer relations with Russia. You can bet that Foggy Bottom will be working late into the night on this.   
Paul Merrell

IDF's Gaza assault is to control Palestinian gas, avert Israeli energy crisis | Nafeez ... - 0 views

  • Israel's defence minister has confirmed that military plans to 'uproot Hamas' are about dominating Gaza's gas reserves
Paul Merrell

Gazprom Threatens to Halt Gas Supplies to Ukraine if Not Paid in Two Days / Sputnik Int... - 0 views

  • Ukraine's tardiness in making its prepayment for Russian gas deliveries could lead to a full shutdown within two days and threaten the transit delivery of fuel to European consumers, Gazprom CEO Alexei Miller said Tuesday. "Ukraine has not made its gas prepayment on time. As of today, there is only 219 million cubic meters of gas paid for. It takes about two days for [Ukraine's] Naftogaz to transfer funds to [Russia's] Gazprom," Miller said. Miller said that Ukraine's request for 114 million cubic meters of gas to be delivered in two days would lead to a full shutdown of fuel deliveries if payment is not received."Therefore, the delivery of gas to Ukraine in the volume of 114 million cubic meters of gas in the next two days already would bring the delivery of Russian gas to Ukraine to a full stop, which will create serious risks for transit gas to Europe," Miller added. On Monday, Ukraine's state energy company Naftogaz accused Gazprom of failing to deliver the gas for which Kiev has paid in advance. According to a statement by the company's press service, Gazprom has supplied only 47 million cubic meters of the requested 114 million cubic meters of gas.
  • The issue of gas supplies is among the most acute in Russian-Ukrainian relations. In the summer of 2014, Russia's Gazprom has cut off gas deliveries to Ukraine due to Kiev's massive debt that at the time surpassed $5 billion. Gas deliveries resumed in December, after months of negotiations mediated by the European Union. The so-called winter package stipulated that Ukraine repay $3.1 billion of its gas debt before the end of 2014 and pay in advance for future gas supplies. It also included a temporary discount of $100 per 1,000 cubic meters, granted by Russia to Ukraine, that expires on April 1, 2015.
Paul Merrell

Iraqi officials: US captured top ISIS chemical arms engineer | News , Middle East | THE... - 0 views

  • U.S. special forces captured the head of ISIS's unit trying to develop chemical weapons in a raid last month in northern Iraq, two senior Iraqi intelligence officials told the Associated Press, the first known major success of Washington's more aggressive policy of pursuing the jihadis on the ground. The Obama administration launched the new strategy in December, deploying a commando force to Iraq that it said would be dedicated to capturing and killing ISIS leaders in clandestine operations, as well as generating intelligence leading to more raids.
  • U.S. officials said last week that the expeditionary team had captured an ISIS leader but had refused to identify him, saying only that he had been held for two or three weeks and was being questioned. The two Iraqi officials identified the man as Sleiman Daoud al-Afari, who worked for Saddam Hussein's now-dissolved Military Industrialization Authority where he specialized in chemical and biological weapons. They said al-Afari, who is about 50 years old, heads ISIS's recently established branch for the research and development of chemical weapons.
  • Beyond intelligence value, the capture could strike a blow to what Iraqi and American officials have described as a determined effort by ISIS to develop chemical weapons. The jihadi group was believed to have set up a special unit dedicated to chemical weapons research, made up of Iraqi scientists from the Saddam-era weapons program as well as foreign experts who joined the group. Iraqi officials expressed particular worry over the campaign because ISIS gained so much room to operate and hide chemical laboratories after overrunning around a third of the country in the summer of 2014, joined with territory they controlled in neighboring Syria.
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  • The group is believed to have created limited stocks of mustard gas. Iraqi officials say it has ambitions to develop more dangerous agents like nerve gas, though the U.S. has said it appears still far from that goal. Tests confirmed mustard gas was used in a town in Syria when ISIS was launching attacks there in August 2015. Other unverified reports in both Iraq and Syria accuse ISIS of using chemical agents on the battlefield.
Paul Merrell

'We will gas you til you die' - 0 views

  • A shocking video has emerged recording a loud verbal threat from the Israeli military to residents of Aida refugee camp near Bethlehem. As a military jeep rolls down an empty quiet street a threatening voice comes over the loudspeaker  “You throw stones and we will hit you with gas until you die.”
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    The gas would be Zyklon B, no doubt. https://en.wikipedia.org/wiki/Zyklon_B
Paul Merrell

Hersh Vindicated? Turkish Whistleblowers Corroborate Story on False Flag Sarin Attack i... - 0 views

  • This is quite the bombshell delivered by two CHP deputies in the Turkish parliament and reported by Today’s Zaman, one of the top dailies in Turkey. It supports Seymour Hersh’s reporting that the notorious sarin gas attack at Ghouta was a false flag orchestrated by Turkish intelligence in order to cross President Obama’s chemical weapons “red line” and draw the United States into the Syria war to topple Assad. If so, President Obama deserves credit for “holding the line” against the attack despite the grumbling and incitement of the Syria hawks at home and abroad. And it also presents the unsavory picture of an al-Qaeda operatives colluding with ISIL in a war crime that killed 1300 civilians.
  • I find the report credible, taking into full account the fact that the CHP (Erdogan’s center-left Kemalist rivals) and Today’s Zaman (whose editor-in-chief, Bulent Kenes was recently detained on live TV for insulting Erdogan in a tweet) are on the outs with Erdogan. Considering the furious reaction it can be expected to elicit from Erdogan and the Turkish government, the temerity of CHP and Today’s Zaman in running with this story is a sign of how desperate their struggle against Erdogan has become.  Note that the author is shown only as “Columnist: Today’s Zaman”. I expect the anti-Erodgan forces hope this will be a game changer in terms of U.S.and European support for Erdogan. It will be very interesting to see if and how the media in the U.S. covers this story.  In case it doesn’t acquire enough “legs” to make into US media, I attach the full Zaman piece below:
  • CHP deputies: Gov’t rejects probe into Turkey’s role in Syrian chemical attack Two deputies from the main opposition Republican People’s Party (CHP) have claimed that the government is against investigating Turkey’s role in sending toxic sarin gas which was used in an attack on civilians in Syria in 2013 and in which over 1,300 Syrians were killed. CHP deputies Eren Erdem and Ali Şeker held a press conference in İstanbul on Wednesday in which they claimed the investigation into allegations regarding Turkey’s involvement in the procurement of sarin gas which was used in the chemical attack on a civil population and delivered to the terrorist Islamic State in Iraq and the Levant (ISIL) to enable the attack was derailed. Taking the floor first, Erdem stated that the Adana Chief Prosecutor’s Office launched an investigation into allegations that sarin was sent to Syria from Turkey via several businessmen. An indictment followed regarding the accusations targeting the government.
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  • “The MKE [Turkish Mechanical and Chemical Industry Corporation] is also an actor that is mentioned in the investigation file. Here is the indictment. All the details about how sarin was procured in Turkey and delivered to the terrorists, along with audio recordings, are inside the file,” Erdem said while waving the file. Erdem also noted that the prosecutor’s office conducted detailed technical surveillance and found that an al-Qaeda militant, Hayyam Kasap, acquired sarin, adding: “Wiretapped phone conversations reveal the process of procuring the gas at specific addresses as well as the process of procuring the rockets that would fire the capsules containing the toxic gas. However, despite such solid evidence there has been no arrest in the case. Thirteen individuals were arrested during the first stage of the investigation but were later released, refuting government claims that it is fighting terrorism,” Erdem noted. Over 1,300 people were killed in the sarin gas attack in Ghouta and several other neighborhoods near the Syrian capital of Damascus, with the West quickly blaming the regime of Bashar al-Assad and Russia claiming it was a “false flag” operation aimed at making US military intervention in Syria possible.
  • Suburbs near Damascus were struck by rockets containing the toxic sarin gas in August 2013. The purpose of the attack was allegedly to provoke a US military operation in Syria which would topple the Assad regime in line with the political agenda of then-Prime Minister Recep Tayyip Erdoğan and his government. CHP deputy Şeker spoke after Erdem, pointing out that the government misled the public on the issue by asserting that sarin was provided by Russia. The purpose was to create the perception that, according to Şeker, “Assad killed his people with sarin and that requires a US military intervention in Syria.”
  • He also underlined that all of the files and evidence from the investigation show a war crime was committed within the borders of the Turkish Republic. “The investigation clearly indicates that those people who smuggled the chemicals required to procure sarin faced no difficulties, proving that Turkish intelligence was aware of their activities. While these people had to be in prison for their illegal acts, not a single person is in jail. Former prime ministers and the interior minister should be held accountable for their negligence in the incident,” Şeker further commented. Erdem also added that he will launch a criminal complaint against those responsible, including those who issued a verdict of non-prosecution in the case, those who did not prevent the transfer of chemicals and those who first ordered the arrest of the suspects who were later released.
  • UN Secretary-General Ban Ki-moon announced in late August that an inquiry had been launched into the gas attacks allegedly perpetuated by both Assad’s Syrian regime and rebel groups fighting in Syria since the civil war erupted in 2011. However, Erdem is not the only figure who has accused Turkey of possible involvement in the gas attack. Pulitzer Prize winner and journalist, Seymour M. Hersh, argued in an article published in 2014 that MİT was involved with extremist Syrian groups fighting against the Assad regime. In his article, Hersh said Assad was not behind the attack, as claimed by the US and Europe, but that Turkish-Syrian opposition collaboration was trying to provoke a US intervention in Syria in order to bring down the Assad regime.
Paul Merrell

Syria Delivers Evidence to UN Showing Peparations for False Flag Chemical Attack in Idlib - 0 views

  • During a speech delivered on Tuesday to the United Nations Security Council, Syria’s Permanent UN Representative Bashir al-Jaafari claimed to have provided information to the council that was evidence that armed opposition groups, including Al Qaeda affiliate al-Nusra Front, were gearing up to use chemical weapons against civilians in the Syrian province of Idlib in an effort to frame the Syrian government for the attack. Jaafari’s warning comes as Syria and its allies are preparing for a major military offensive that would target the rebel-held Idlib province, which even mainstream Western outlets admit is dominated by terrorist groups and their affiliates. Speaking to the council, Jaafari stated:
  • I put in your hands documented information on the preparations taken by Jabhat al-Nusra [al-Nusra Front] terrorist organization and the affiliated groups to use the chemical weapons against civilians in Idlib province to accuse the Syrian Arab Army and to justify any aggression that might be launched on Syria.” He added that eight canisters of chlorine had been transported to Halouz village in Idlib. The evidence Jaafari provided to the Security Council regarding an imminent “false flag” attack has not been made public. Jaafari’s mention of chlorine gas being transported into Idlib follows similar warnings from Russia’s Defense Ministry, which warned in a statement on Tuesday that “a large supply of poisonous [chemical] agents has been brought to the city of Saraqib on two trucks from the village of Afs” and that the deadly cargo has been “accompanied by eight members of the White Helmets organization” and received by two high-ranking Ahrar al-Sham commanders. Ahrar al-Sham has long been a battlefield ally of al-Nusra Front and The New York Times wrote in 2015 that its membership included associates of Osama bin Laden. In addition, the White Helmets group, which receives millions in funding from Western governments, has repeatedly been linked to falsifying evidence of both bombings and chemical weapon attacks in order to facilitate Western military intervention in the Syrian conflict. The Russian military added that a part of the load was later put into “unmarked plastic barrels and transported to another militant base in southern Idlib in order to stage the use of chemical weapons.” It is currently unclear if the area of southern Idlib cited in this statement coincided with Jaafari’s statements that chlorine gas canisters had been delivered to Halouz village in Idlib with this intent.
  • Warnings from Syria’s UN representative and the Russian military follow hawkish statements recently made by members of the Trump administration, particularly National Security Advisor John Bolton, who stated last Wednesday that the U.S. would respond “very strongly” if the Syrian government is accused of chemical weapons use in Idlib. Bolton, speaking to reporters in Jerusalem, also boasted of the U.S.’ past responses to alleged Syrian government involvement in chemical weapons attacks on Syrian civilians this April and in April of last year.
vianinja

US Oil pipeline problems - 0 views

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    Business Product Partners have taken a different approach and are planning to turn one of their natural gas lines into 650,000 barrels of oil a day from 2020
Paul Merrell

The West Supplied Chemical Weapons to Syrian Rebels, Says Russian Foreign Ministry - 0 views

  • Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday there is evidence that the West is supplying chemical weapons to militants in Syria. “Yes, it’s true,” she told the state-funded Vesti FM radio station on Thursday morning. "Western countries and regional powers are directly and indirectly supplying militants, terrorists and extremists in Syria with banned toxic substances.” The comment came after Syria’s Deputy Foreign Minister Faisal Mekdad said on Wednesday that chemical weapons supposedly produced by the United States and Britain had been found in areas previously held by Islamic State.*  The Syrian regime of President Bashar Assad, which Russia backs, has been been widely accused of using chemical weapons. In June, a report by the Organization for the Prohibition of Chemical Weapons (OPCW) said the banned nerve agent sarin had been used in an attack in northern Syria in April.A joint United Nations and OPCW investigation earlier said Syrian government forces had used chlorine gas in three attacks in 2014 and 2015.During the interview, Zakharova said the West was also providing terrorists in Syria with small arms, money and “informational support,” citing the White Helmets, a volunteer group which works in opposition-held territory in Syria, as an example.
Paul Merrell

TASS: Military & Defense - Syrian army finds UK and US chemical agents at depots captur... - 0 views

  • DAMASCUS, August 16. /TASS/. Chemical agents found at arms depots abandoned by militants suggest they were delivered to terrorists in Syria from the United States and the United Kingdom, Syrian Deputy Foreign Minister Faisal Mekdad said at a press conference in Damascus on Wednesday. "All the special means that have been found include hand grenades and rocket projectiles for grenade launchers, which are supplied with CS and CN irritant agents [they are shown in transparencies]. The discovered chemical munitions shown in the transparency were produced by Federal Laboratories on the US territory. And the chemical agents were produced by Cherming Defence UK and NonLethal Technologies (the USA)," Mekdad said.
  • According to the Syrian deputy foreign minister, the chemical agents were found at terrorists’ depots both in Aleppo and in liberated districts in the eastern suburb of Damascus. As Mekdad said, in compliance with article 5 of the convention on the prohibition of chemical weapons, the use of irritant agents is allowed only for fighting riots. They are prohibited for use as warfare means. "Therefore, it can be said with confidence that the United States and the United Kingdom, and also their allies in the region, are rendering all possible support to terrorist organizations active in Syria, thus violating the convention on the prohibition of chemical weapons. They are supplying terrorists not only with conventional arms but also with banned chemical agents," Mekdad said.
Paul Merrell

Iraqi troops run into Islamic State chemicals reservoir in Mosul - Iraqi News - 0 views

  • Mosul (IraqiNews.com) Iraqi government forces seized on Thursday a cache of chemical substances belonging to Islamic State militants in central Mosul, the police service said. Federal Police chief, Lt. Gen. Shaker Jawdat, said in a statement that the reservoir, found in Mekkawi street in Mosul’s Old City, included c4 and ammonia among other substances. Iraqi government forces regained control over the city of Mosul early July after a nine-month campaign seeking to bring down the self-styled “caliphate” declared by the militants from  Mosul’s Old City in 2014. Occasional reports had told of attacks by IS against civilians and security forces in which militants used improvised chemical weapons since an inventory of chemical arms was discovered by Iraqi forces inside laboratories of Mosul University in the eastern side of Mosul, which government troops took over from IS in January. Security personnel had seized a number of chemical stashes belonging to the extremist group during and after the end of the military campaign.The United Nations had previously confirmed cases of civilians being treated for symptoms of what seemed to be chemical agents.
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