Tag: oil

Oil Companies give thanks to Biden for “exchange” deal to hedge their bets today

~ Fred Donaldson ~ Leave a comment

The Joe Biden/Kamala Harris team said today they will sell 18 million barrels of oil from the nation's Strategic Oil Reserve (once used only for war/famine/pestilence) to reduce the deficit by about $1.4 billion or less, depending on the current price of oil. In another attack on the reserve, the White House said it will … Continue reading Oil Companies give thanks to Biden for “exchange” deal to hedge their bets today

Our guys are killed, Iraq’s oil goes to China, Britain

~ Fred Donaldson ~ Leave a comment

This news today from Wall Street Journal: BAGHDAD (Dow Jones)--A consortium of BP PLC (BP.LN) and China's CNPC Tuesday won the contract for Rumaila oil field - the largest oil field in Iraq and one of the largest in the world, the Iraqi Oil Minister Hussain al-Shahristani said. The consortium had been seeking $3.99 remuneration … Continue reading Our guys are killed, Iraq’s oil goes to China, Britain