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  • Oil and the Saudi Arabia threat Dr. Daniel Fine, New Mexico Center for Energy Policy

    There is instability in the leading oil producer within OPEC and the lowest cost producer in the World. Nothing like this has happened in Saudi Arabia since the middle of the last century. It is only a matter of the short term before the price of world oil is affected. And its Implications will reach the Four Corners and New Mexico no matter what Congress or The White House does. First, the instability begins from a dynastic change with an ailing and aging King and a young crown prince ousting his cousin as the successor to the throne as King of Saudi Arabia. This divides the rulers into two factions: the traditionalists or old guard (Ali Al-Naimi) against the modernists and a take-over generation. Second, the oil ministry and Saudi Aramco (the Government-owned and monopoly oil company) is now controlled by the take- over generation. No doubt President Trump was influential in the recent diplomatic visit to the Kingdom. He gave support to the take-over faction with closer ties to the take-overs through Mohammed bin Salman, now the heir to the throne. Billions in American service company projects with Saudi Arabian petroleum expansion were announced. President Trump concluded with a strategy and tactic of eliminating radical Islam in Saudi Arabia and the Middle East. He said it must be attacked at the roots of the social and political order.

  • Watch Energy Expert Dr. Daniel Fine As He Discusses President Trump’s New Policy Of "Energy Dominance"

    A must see! Watch (YOUTUBE below) Energy expert Daniel Fine as he fully examines President Trump’s plan for U.S. energy ‘dominance’ before a standing room only “FULL HOUSE” at the John Locke Foundation, Raleigh, NC. July 24, 2017 The Trump administration has pushed an energy policy based on the notion of American self-sufficiency and energy “dominance.” Just one of the questions in Dr. Fine asked and answered : If we become self sufficient in energy, does the US still need to spend billions of dollars to protect the world’s flow of oil? Here is another headline “US energy independence cuts USmilitary need 2 control sea lanes,protect world oil.” Please share this video with your friends far and wide! Daniel Fine, associate director of the New Mexico Center for Energy Policy and senior policy analyst for the New Mexico State Department of Energy, Minerals, and Natural Resources, explored the Trump team’s plans during a presentation to the John Locke Foundation’s Shaftesbury Society. ( Dr. Fine has worked w/ Two administrations, and given numerous testimony before Congress on GEOPOLITICS, Domestic and foreign.

  • The Panhandle Import Reduction Initiative (PIRI) Calls for New White House Policy: Unfair Trade Endangers U.S. Oil Industry Too

    AMARILLO, Texas—(BUSINESS WIRE)—In a letter directed to the President of the United States and received by the White House, the founders of (PIRI), the Panhandle Import Reduction Initiative representing thousands of independent small producers of oil in the Southwest United States wrote, “We call upon President Donald J. Trump for a second Presidential Memorandum to order the Secretary of Commerce, to establish the crude oil industry as a “Core” industry to be added to steel, aluminum, vehicles, aircraft, shipbuilding and semiconductors. Crude oil should be recognized as one of the critical elements of US manufacturing and defense industrial bases, which we must defend against unfair trade practices and other abuses.”

  • Independent US oil producers seek limit on crude imports Country recently imported 8.1m barrels per day of crude oil, 11.2% above last year

    (Financial Times) © Bloomberg Twitter Facebook LinkedIn Print this pageSave 4 JULY 17, 2016 by: Gregory Meyer in New York Months after the US energy industry triumphed in overturning an oil export ban, a group of independent producers wants to take policy one step further and curtail crude imports. show more Sample the FT’s top stories for a week Sample newsletter email Close Sample the FT’s top stories for a week Receive a free daily email briefing containing the 3 top stories from one of our top news themes. Select the topic you are interested in: Email address: Enter your email address Invalid email Get briefing By signing up you confirm that you have read and agree to the terms and conditions, cookie policy and privacy policy. Unsubscribe at any time. Free stories only last for 1 week. The Panhandle Import Reduction Initiative has begun campaigning for quotas on all foreign suppliers excluding Canada and Mexico. Its founders, Texas and New Mexico oilmen, said Saudi Arabia is trying to crush their industry and it’s time to fight back. “It’s not fair and it’s not free when a country is trying to drive individual producers in the United States out of business,” said Tom Cambridge, an oil producer in Amarillo, Texas. “What we would like to do is limit imports.” The push comes two years after crude first dropped below $100 a barrel. In late 2014 Saudi Arabia and other Opec members resolved to keep taps open despite falling prices, hastening bankruptcy for dozens of US producers. Since then the Middle East’s share of world oil supplies has risen to 35 per cent, the highest since the 1970s, according to the International Energy Agency. The number of US oil drilling rigs has dropped 78 per cent to 357, according to Baker Hughes. The US recently imported 8.1m barrels per day of crude oil, 11.2 per cent above last year. US refineries processed 16.6m b/d of crude, roughly unchanged from 2015. US oil companies persuaded Congress to abolish a 40-year-old ban on crude oil exports in December. But leaders of the new initiative, named for northern Texas’s Panhandle region, said that was not enough. “Did lifting the export ban achieve the objectives, which were new or expanded jobs? No,” said Daniel Fine, adviser to the initiative. “This is another tool to support US domestic producers to put people back to work, to end the bust conditions.”

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