Categories for Oil

30,080. 10/31/2019

MILITARY/OIL/SYRIA/TRUMP AS PRESIDENT: “President Donald Trump’s decision to send troops to protect oil fields in Syria means the U.S. may have as many troops in the country — or potentially more — as when he took office, undermining his repeated pledge to end a ‘forever war’ in the Middle East. Commanders are now moving additional forces and armored vehicles into Syria’s war-torn, oil-rich Deir ez-Zor province. Some are being sent to reoccupy bases they abandoned just last week, after Trump abruptly ordered them to pull out from the area. That means the new total will likely exceed the 500 troops deployed to Syria back in January 2017, when Trump was sworn in.”

Wesley Morgan, “Trump’s Syria pullout that isn’t,” Politico, October 31, 2019 5:03 am

29,866. 10/25/2019

ECONOMY/MILITARY/OIL/TRUMP AS PRESIDENT: “….USA has gained Trillions of Dollars in wealth since November 2016. All others way down. Our power is Economic before having to use our newly rebuilt Military, a much better alternative. Oil is secured. Our soldiers have left and are leaving Syria for other places, then….”

Donald Trump, Twitter.com, October 25, 2019 7:32 am

29,850. 10/24/2019

ENERGY/INTERIOR/OIL/TRUMP AS PRESIDENT: “An increase in oil and gas production on U.S. public lands drove a 30% increase in federal energy and minerals revenue disbursements in fiscal year 2019, to $11.69 billion, the U.S. Interior Department said on Thursday [10-24-19]. It said in a statement that the increased output offset lower overall prices for oil and gas during the year, allowing for the $2.76 billion revenue jump. The Trump Administration has made aggressive moves to boost energy production on federal lands and waters by holding larger and more frequent lease sales and speeding up drilling permit timelines. Disbursements in fiscal 2019 were nearly double the $6.23 billion allocated in the final year of the Obama Administration, the department said. Oil and gas production on federal lands has also gotten a big boost from increased drilling on New Mexico’s portion of the giant Permian Basin field, most of which lies beneath public land.”

Nichola Groom, “Rising U.S. oil, gas output fuels 30% jump in federal minerals revenues -Interior,” Reuters, October 24, 2019 3:14 pm

29,848. 10/24/2019

KURDS/OIL/TRUMP AS PRESIDENT: “I really enjoyed my conversation with General @MazloumAbdi. He appreciates what we have done, and I appreciate what the Kurds have done. Perhaps it is time for the Kurds to start heading to the Oil Region!”

Donald Trump, Twitter.com, October 24, 2019 10:48 am

29,847. 10/24/2019

ISIS/KURDS/OIL/TRUMP AS PRESIDENT/TURKEY: “The Oil Fields discussed in my speech on Turkey/Kurds yesterday were held by ISIS until the United States took them over with the help of the Kurds. We will NEVER let a reconstituted ISIS have those fields!”

Donald Trump, Twitter.com, October 24, 2019 10:25 am

29,620. 10/18/2019

ISIS/KURDS/OIL/TRUMP AS PRESIDENT: “…..this thinking years ago. Instead, it was always held together with very weak bandaids, & in an artificial manner. There is good will on both sides & a really good chance for success. The U.S. has secured the Oil, & the ISIS Fighters are double secured by Kurds & Turkey….” 

Donald Trump, Twitter.com, October 18, 2019 10:42 am

28,643. 9/24/2019

IRAN/OIL/SAUDI ARABIA/TRUMP AS PRESIDENT/UN: “President Trump delivered a sharp nationalist message and assailed ‘globalists’ in remarks to the world’s leading international body on Tuesday [9-24-19], while stopping short of urging any specific action against Iran for a major attack on Saudi oil facilities that his administration has said was Tehran’s responsibility…The United Nations was founded in 1945 to foster international cooperation and to ‘take effective collective measures’ to keep the peace after the nationalist fervor that had plunged the globe into World War II. But Mr. Trump, who spoke in an unusually flat monotone as he read from a teleprompter, stressed the value of national identity and argued that governments must defend their “history, culture and heritage’…Just as notable as his challenge to many of the world body’s principles was what Mr. Trump did not say. Before an audience that had been primed for him to build on the American argument that Iran was behind the attacks on Saudi oil facilities, Mr. Trump said relatively little about this month’s strikes.”

Michael Crowley and David E. Sanger, “Trump Celebrates Nationalism in U.N. Speech and Plays Down Iran Crisis,” The New York Times online, September 24, 2019

28,566. 9/20/2019

IRAN/OIL/SANCTIONS/SAUDI ARABIA/TRUMP AS PRESIDENT: “President Donald Trump on Friday [9-20-19] shared details of his administration’s newest sanctions on Iran, targeting the Islamic Republic’s national bank over Tehran’s alleged involvement in a series of drone attacks on Saudi oil facilities last weekend. Trump claimed they would be the ‘highest sanctions ever imposed on a country,’ telling reporters in the Oval Office that the penalties would go ‘right to the top’ of the Iranian government…The latest sanctions layer on top of a slew of other penalties the Trump administration has imposed and reimposed as a result of Trump’s unilateral withdrawal from a 2015 nuclear deal with Iran and other world powers. The existing sanctions have already targeted Iran’s oil exports, its metal and mining industries and its ability to receive financing from international banks. Tehran has repeatedly likened the sanctions to ‘economic warfare.’”

Caitlin Oprysko, “Trump announces ‘highest sanctions ever’ targeting Iran’s central bank,” Politico, September 20, 2019 1:28 pm

28,558. 9/20/2019

DEFENSE/IRAN/MILITARY/OIL/SAUDI ARABIA/TRUMP AS PRESIDENT: “President Trump is sending a modest deployment of American troops to Saudi Arabia and the United Arab Emirates, along with air and missile defense systems, in response to the attacks on Saudi oil facilities, which the administration blames on Iran. Defense Secretary Mark T. Esper called the decision, which came on Friday [9-20-19] during a White House meeting with top national security officials, ‘defensive in nature.’ Defense Department officials said the Pentagon would deploy additional antimissile batteries to Saudi Arabia and might also deploy additional warplanes. The aircraft carrier Abraham Lincoln may extend its stay in the region as well, the officials said. Gen. Joseph F. Dunford Jr., the chairman of the Joint Chiefs of Staff, said the precise number of American troops headed to the region had not been determined, but that it would be a ‘moderate deployment’ in the hundreds, not thousands.”

Helene Cooper and Michael Crowley, “Trump Focuses on Defending Saudis, Not Striking Iran, for Now,” The New York Times online, September 20, 2019

28,537. 9/19/2019

IRAN/MIKE POMPEO/OIL/SAUDI ARABIA/TRUMP AS PRESIDENT: “The United States said on Thursday [9-19-19] it was building a coalition to deter Iranian threats following a weekend attack on Saudi Arabian oil facilities. Iran has warned U.S. President Donald Trump against being dragged into a war in the Middle East and said it would meet any offensive action with a crushing response. U.S. Secretary of State Mike Pompeo said that Trump, who has ordered more sanctions on Iran, wants a peaceful solution to the crisis. He was speaking after talks with Saudi and Emirati leaders over the strike that Washington and Riyadh have blamed on Tehran. Iran denies involvement in the Sept. 14 attack that initially halved Saudi oil output and which Pompeo earlier called an ‘act of war’ against the world’s largest oil exporter. Pompeo appeared to soften his tone on Thursday after talks with Abu Dhabi’s crown prince, the de facto ruler of the United Arab Emirates, which is Riyadh’s main Arab ally.”

Tuqa Khalid, Aziz El Yaakoubi, “U.S. building coalition after Saudi oil attack, Iran warns against war,” Reuters, September 19, 2019 1:36 am

28,461. 9/16/2019

MILITARY/OIL/SAUDI ARABIA/TRUMP AS PRESIDENT: “After oil installations were blown up in Saudi Arabia over the weekend, President Trump declared that the United States was ‘locked and loaded,’ a phrase that seemed to suggest he was ready to strike back. But then he promised to wait for Saudi Arabia to tell him ‘under what terms we would proceed.’ His message on Twitter offered a remarkable insight into the deference Mr. Trump gives to the Saudi royal family and touched off a torrent of criticism from those who have long accused him of doing Riyadh’s bidding while sweeping Saudi violations of human rights and international norms under the rug. It was hard to imagine him allowing NATO, or a European ally, such latitude to determine how the United States should respond. But for Mr. Trump, the Saudis have always been a special case, their economic import having often overwhelmed other considerations in his mind. Whether, and how, to commit forces is one of the most critical decisions any American president can make, but Mr. Trump’s comment gave the impression that he was outsourcing the decision.”

Peter Baker and David E. Sanger, “With Oil Under Attack, Trump’s Deference to Saudis Returns,” The New York Times online, September 16, 2019

28,460. 9/16/2019

ENERGY/OIL/TRUMP AS PRESIDENT: “RT @WhiteHouse: Oil production is up an incredible 110 percent—PLUS, New Mexico’s entire mining and logging sector has seen a 40 percent in…”

Donald Trump, Twitter.com, September 16, 2019 7:29 pm

28,424. 9/15/2019

OIL/SAUDI ARABIA/TRUMP AS PRESIDENT: “Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!”

Donald Trump, Twitter.com, September 15, 2019 5:50 pm

28,423. 9/15/2019

OIL/TEXAS/TRUMP AS PRESIDENT: “….sufficient to keep the markets well-supplied. I have also informed all appropriate agencies to expedite approvals of the oil pipelines currently in the permitting process in Texas and various other States.”

Donald Trump, Twitter.com, September 15, 2019 4:55 pm

28,422. 9/15/2019

OIL/SAUDI ARABIA/TRUMP AS PRESIDENT: “Based on the attack on Saudi Arabia, which may have an impact on oil prices, I have authorized the release of oil from the Strategic Petroleum Reserve, if needed, in a to-be-determined amount….”

Donald Trump, Twitter.com, September 15, 2019 4:55 pm

26,121. 6/28/2019

IRAN/MILITARY/OIL/TRUMP AS PRESIDENT: “President Trump is pressing allies to join the United States in creating a fleet of warships to protect commercial oil tankers from attack by Iran in the Persian Gulf and nearby waters, despite alarm from some within the Pentagon that the mission could escalate into the kind of direct confrontation Mr. Trump is seeking to avoid. Mark T. Esper, the acting defense secretary, is casting the effort, called Sentinel, as something far less than a military offensive against Iran, but one that could bring European and gulf Arab allies together to safeguard one of the world’s vital trade routes…Some European allies, who have routinely been chastised by Mr. Trump for not doing enough for their collective defense, do not appear ready to join his initiative, while others appear open to discussing the proposal. And even some officials at the Pentagon and within the Navy have expressed alarm that the mission could return the United States and Iran to the deadly ‘Tanker War’ of three decades ago. While those in uniform would not discuss challenges of the proposed mission or be identified by name, their concerns were expressed by outside experts in regional military affairs.”

Helene Cooper, “Will Trump’s Plans to Counter Iran Bring a Return of the ‘Tanker War’?,” The New York Times online, June 28, 2019

25,973. 6/24/2019

CHINA/OIL/TRUMP AS PRESIDENT: “China gets 91% of its Oil from the Straight, Japan 62%, & many other countries likewise. So why are we protecting the shipping lanes for other countries (many years) for zero compensation. All of these countries should be protecting their own ships on what has always been….”

Donald Trump, Twitter.com, June 24, 2019 7:08 am

25,942. 6/21/2019

IRAN/OIL/TRUMP AS PRESIDENT: “Just weeks ago, U.S. energy giant ExxonMobil looked poised to move ahead with a $53 billion project to boost Iraq’s oil output at its southern fields, a milestone in the company’s ambitions to expand in the country. But now a combination of contractual wrangling and security concerns, heightened by escalating tensions between Iraq’s bigger neighbor Iran and the United States, has conspired to hold back a deal, according to Iraqi government officials. The negotiations have been stymied by terms of the contract that Baghdad objects to, said four Iraqi officials involved in the discussions who spoke to Reuters on condition of anonymity due to the sensitivity of the matter. The main sticking point, they said, was the means by which Exxon proposed to recoup its development costs, with the company aiming to share the oil produced by two fields – something Iraq opposes, saying it encroaches on state ownership of production. One of the Iraqi negotiators said Baghdad would not sign anything with the current terms proposed by Exxon.”

Aref Mohammed, Ahmed Rasheed, “Exclusive: Exxon’s $53 billion Iraq deal hit by contract snags, Iran tensions – sources,” Reuters, June 21, 2019 11:06 pm

25,741. 6/14/2019

IRAN/MILITARY/OIL/TRUMP AS PRESIDENT/WAR: “The Trump administration began an urgent debate on Friday [6-14-19] over how to respond to what officials say has grown into a shadow war with Iran, after attacks on oil tankers in the Persian Gulf that appeared meant to assert Iranian control over one of the world’s most strategic shipping lanes at a time of heightened tension with the United States. President Trump put Iran on notice that the United States would push back but offered no details and suggested that he was ready to engage with the Iranians, who denied responsibility for the attacks, whenever they are prepared to talk. But tension remained high, with a senior official confirming that Iran had fired a surface-to-air missile on Thursday at an American drone flying over the Gulf of Oman, where the attacks on the tankers occurred. The episode took place early that morning, between the distress calls from the two ships crippled by explosions that day. Officials at the Pentagon weighed tactical responses to the attacks, like beefing up the security around tankers, or more drastic moves, like deploying as many as 6,000 additional Navy, Air Force and Army personnel to the Persian Gulf.”

Mark Landler, Julian E. Barnes and Eric Schmitt, “U.S. Puts Iran on Notice and Weighs Response to Attack on Oil Tankers,” The New York Times online, June 14, 2019

25,686. 6/13/2019

IRAN/MIKE POMPEO/MILITARY/OIL/TRUMP AS PRESIDENT: “President Donald Trump’s statement Friday [6-14-19] that Iran was behind brazen attacks on two fuel tankers in the Gulf of Oman ignored the crucial question posed by his stakes-raising claim — about what the United States plans to do about it. Trump argued in a Fox News interview on Friday that his hardline politics had forced Iran to pull back from its disruptive policies in its immediate region — a claim that would be undermined by Thursday’s [6-13-19] attacks if it turns out Tehran was responsible…The President however did not respond when he was pressed on how he planned to stop future attacks — a question that was also left unanswered by Secretary of State Mike Pompeo when he appeared in the State Department Briefing Room Thursday to blame Iran for the attacks. Trump’s lack of specifics raised the question of whether Washington’s tough talk on Iran will be backed up by action, or whether the administration is trying to keep tensions manageable amid fears of a slide into an open confrontation with Tehran.”

Stephen Collinson, “Trump raises stakes on Gulf tanker attacks — for himself and Iran,” CNN Politics, CNN.com, June 13, 2019 9:08 am

24,368. 4/26/2019

CALIFORNIA/OIL/SAUDI ARABIA/TRUMP AS PRESIDENT: “Spoke to Saudi Arabia and others about increasing oil flow. All are in agreement. The California tax on gasoline is causing big problems on pricing for that state. Speak to your Governor about reducing. Economic numbers, 3.2% GDP for what is often worst quarter, looking good!” 

Donald Trump, Twitter.com, April 26, 2019 1:31 pm

24,358. 4/26/2019

OIL/OPEC/TRUMP AS PRESIDENT: “U.S. President Donald Trump said on Friday [4-26-19] he called the Organization of the Petroleum Exporting Countries and told the cartel to lower oil prices. ‘Gasoline prices are coming down. I called up OPEC, I said you’ve got to bring them down. You’ve got to bring them down,’ Trump told reporters.”

Reuters Staff, “Trump says he told OPEC to lower oil prices,” Reuters, April 26, 2019 7:11 am

24,219. 4/22/2019

IRAN/OIL/OPEC/SANCTIONS/TRUMP AS PRESIDENT: “Taking a cue from President Donald Trump, U.S. lawmakers could soon have a new message to foreign oil producers: NO COLLUSION! Trump regularly deploys his Twitter account to fight oil-price upticks, trying to browbeat the world’s oil-producing bloc — the Organization of the Petroleum Exporting Countries — into boosting production so prices will fall. His administration’s Monday [4-22-19] announcement on ending sanctions waivers for buying Iranian oil risks pushing prices higher and could rev up congressional calls to push OPEC harder. Now Trump’s saber-rattling on OPEC has oil producers and traders unnerved by the prospect he could back cartel-busting legislation that sends prices into a tailspin. The No Oil Producing and Exporting Cartels Act, a bipartisan bill known as NOPEC, would allow the attorney general to bring an antitrust suit against the bloc — removing the sovereign immunity that currently protects OPEC countries. Lawmakers have been trying and failing to turn it into law for two decades. Trump’s badgering of OPEC has breathed new life into the effort and renewed attention on it from Wall Street to Texas shale fields to OPEC’s Vienna headquarters.”

Eli Okum, “A threat in Trump’s back pocket: Shaking up the global oil industry,” Politico, April 22, 2019 7:03 pm

24,202. 4/22/2019

OIL/SANCTIONS/SAUDI ARABIA/TRUMP AS PRESIDENT: “Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil. Iran is being given VERY BAD advice by @JohnKerry and people who helped him lead the U.S. into the very bad Iran Nuclear Deal. Big violation of Logan Act?”

Donald Trump, Twitter.com, April 22, 2019 8:37 am

23,535. 3/28/2019

OIL/OPEC/TRUMP AS PRESIDENT: “Very important that OPEC increase the flow of Oil. World Markets are fragile, price of Oil getting too high. Thank you!” 

Donald Trump, Twitter.com, March 28, 2019 7:30 am