Fuel Freedom Staff

Gal Luft: Can the American energy revolution survive a deal with Iran?

Source: Downstream Today
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Undoubtedly in the event of lifting of the sanctions, cash-starved Iran would do all in its power to quickly ramp up its oil exports to make up for lost revenues, and the oil market could face an injection of 500,000-800,000 barrels/day of Iranian crude. At a time when U.S. crude oil supplies are already at their highest level in more than 80 years and storage facilities are reaching their maximum capacity, an influx of Iranian oil could easily slice current oil prices by half.

Fuel Freedom Staff

Day after boasting of Gulf’s health, BP confirms 25,000-pound tar mat

Source: The Lens
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BP said the northern Gulf of Mexico had returned its “baseline condition” five years after its Deepwater Horizon disaster pumped more than 200 million gallons of oil into the Gulf off Louisiana’s coast. But the Coast Guard is supervising the ongoing removal of a large oil tar mat on East Grand Terre Island that has yielded more than 25,000 pounds of oil mixed with sand.

Fuel Freedom Staff

Now is not the time to end oil export ban

Source: The Hill
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Eleven oil company executives under the guise of their new lobbying group, Producers for American Crude Oil Exports, just met with the White House to urge the ban’s repeal, claiming that increased oil production can serve as the foundation of a new American economy, with unfettered oil exports creating even more jobs … If you think this sounds too good to be true, you’re right.

Fuel Freedom Staff

At last, a Western country stands up to Saudi Arabia on human rights

Source: The Washington Post
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The Swedish government this week decided to scrap an arms deal with Saudi Arabia, effectively bringing to an end a decade-old defense agreement with the kingdom. The move followed complaints made by the Swedish Foreign Minister Margot Wallstrom that she was blocked by the Saudis from speaking about democracy and women’s rights at a gathering of the Arab League in Cairo.