Category Archives: Oil Dependence(Aboiotic-Naturally Occurring Renewable Source)

Trump Seeks Historic $3.6 Trillion In Spending Cuts, Including Selling Half Of US Strategic Oil Reserve | Zero Hedge

More details of President Donald Trump’s first budget proposal were reported Monday by Bloomberg and Reuters. The leaks add to the picture of what we know about Trump’s budget, which also includes a flurry of leaks published by The Washington Post, the Associated Press and Bloomberg late Sunday, which fleshed out Trump’s plans to slash entitlement spending.

In total, the budget plans to trim $3.6 trillion in spending over 10 years across all discretionary spending and non-discretionary spending lines, in order to enable tax reductions across the board: if enacted – and remember that the president’s budget is just an initial blueprint which rarely passes in its original form – the Trump administration would implement the deepest cuts to government programs in a generation, delivering the opening salvo in a new round of budget battles in Washington.

This is key to balancing the budget by the 10th year.

It also relies on rather rosy growth economic projections,  estimating that U.S. gross domestic product will accelerate to 3% by fiscal year 2020. That’s compared with Bloomberg’s median projection of 2%, and the Congressional Budget Office’s long-term projection of 1.9%. It also expects the 10-year Treasury yield to rise to 3.8% in that time, while CPI increases to 2.3% and unemployment holds more or less steady at 4.7%…

Source: Trump Seeks Historic $3.6 Trillion In Spending Cuts, Including Selling Half Of US Strategic Oil Reserve | Zero Hedge

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Dakota Access Pipeline to begin interstate oil delivery service May 14 — RT America

Crude oil could begin flowing through the controversial Dakota Access Pipeline next month, according to a filing pending with the Federal Energy Regulatory Commission.

On Thursday, Energy Transfer Crude Oil Company, LLC filed an oil tariff, which specifies details about the Dakota Access Pipeline. The company’s plan is to start interstate crude oil delivery on May 14, providing oil transportation from Patoka, Illinois, to Nederland, Texas.

Last year, protests erupted after Dallas-based Energy Transfer Partners began construction on the final segment of the $3.8 billion, 1,172-mile pipeline. The final segment required the company to lay piping under Lake Oahe, the main water source for the Standing Rock Sioux and Cheyenne River Tribes.

The two tribes filed multiple lawsuits against Energy Transfer Partners to stop construction of the pipeline, arguing the land belonged to them and that the pipeline would desecrate sacred burial grounds around Lake Oahe. Many also argued that an oil spill would poison the tribe’s primary water supply.

At its peak, thousands of protesters, known as “water protectors,” set up a camp outside the construction site. Protesters lived at the camp site for months where hundreds were arrested. Other protests also erupted across the nation, from Washington, DC to Los Angeles…

Source: Dakota Access Pipeline to begin interstate oil delivery service May 14 — RT America

‘Genocide’ In Yemen As Saudi Arabia, U.S. Grab 63% Of Oil Supply – Your News Wire

 

Saudi Arabia and the United States are carrying out a “genocide” while the world turns a blind eye, unaware that Yemen is being invaded for its vast oil reserves. 

Observers have been puzzled why oil-rich Saudi Arabia, backed by their allies the United States, have set their sights on impoverished Yemen – however all is not as it seems in the region.

Saudi Arabian oil is drying up, and scientific research by international drilling companies show that Yemen’s unexploited oil reserves are greater than the combined reserves of all the oil-rich Gulf states.

Yemen, the poor man of the region, has emerged as a prize, and the ruthless Saudis are experiencing no guilt about slaughtering Yemeni civilians to ensure the virgin oil begins flowing through their pipelines.

63% of Yemen’s crude production is being stolen by Saudi Arabia,” Mohammad Abdolrahman Sharafeddin told FNA on Tuesday, explaining that Saudi-US military action is already paying dividends for the invaders.

Source: ‘Genocide’ In Yemen As Saudi Arabia, U.S. Grab 63% Of Oil Supply – Your News Wire

DR WILLIAM MOUNT: Senator McCain Pegged As White House Leak

In a recent Sting Operation with General  Michael Flynn – still head of the  Bureau Of Intelligence Research (INR) and National Security Advisor On Contract to the Prez – a series of Fake Stories were released by those in the Oval Office and many of those working for Congress took the bait hook, line and sinker.

Busted.

Senator John McCain swallowed the fishing pole as well. In a series of Press Briefings he dispersed this FAKE information he could have only gotten by tapping the President’s Personal Telephone Line. He released it as if he had a right to leak these stories since he is a “Senator.”

As soon as it was announced he was busted he took an Emergency Flight to Syria.

This 80 year old Senator Traitor John McCain – who’s massive Arizona Republican Election Fraud won him the elections – has been using his Bully Pulpit to bash President Trump ever since he was elected and it is no wonder he took the bait – traitors always expose themselves…

Source: DR WILLIAM MOUNT: Senator McCain Pegged As White House Leak

Millions Warned At Risk After Pipeline Leak Tests In EU Cause Radiation Nightmare

By: Sorcha Faal, and as reported to her Western Subscribers

An interesting report released in the Kremlin today by the Ministry of Healthcare (MINZDRAV) is warning that millions of European Union (EU) citizens have been put at “grave risk” due to “botched/sloppy” natural gas pipeline leak tests performed after four devastating earthquakes hit Central Italy on 18 January, and that since that date, has left, at least, over half the continent awash in the deadly radioactive particle Iodine-131

Source: Millions Warned At Risk After Pipeline Leak Tests In EU Cause Radiation Nightmare

Ireland is Set to Become the First Country to Completely Stop Funding Fossil Fuels. Goodbye, Coal and Oil.

Ireland is Set to Become the First Country to Completely Stop Funding Fossil Fuels. Goodbye, Coal and Oil. Ireland is close to becoming the first country in the world to completely divest from fossil fuels, thanks to a new bill recently passed by the Irish Parliament. If set into law after review, the vote – which passed with 90 to 53 votes last Thursday – would halt public funding of fossil fuels like coal, oil, and gas from the €8 billion (US$8.6 billion) Ireland Strategic Investment Fund…

Source: Ireland is Set to Become the First Country to Completely Stop Funding Fossil Fuels. Goodbye, Coal and Oil.