Coal is rebounding, natural gas prices are up, and the world’s oil cartel is quite content | Grist

Coal is rebounding, natural gas prices are up, and the world’s oil cartel is quite content | Grist

1970's Gas Crisis.  The oil cartel held back supply of gas driving of up the prices, long lines and eventually rationing.

1970's Gas Crisis. The oil cartel held back supply of gas driving of up the prices, long lines and eventually rationing.

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Ali al-Naimi, who held the post of oil minister for more than two decades, was one of the most powerful figures within the OPEC oil cartel.

Ali al-Naimi, who held the post of oil minister for more than two decades, was one of the most powerful figures within the OPEC oil cartel.

Shots Fired: "OPEC Has Practically Stopped Existing" - Rosneft CEO Mocks Defunct Oil Cartel | Zero Hedge

Shots Fired: "OPEC Has Practically Stopped Existing" - Rosneft CEO Mocks Defunct Oil Cartel | Zero Hedge

The oil cartel, OPEC, has confirmed what has been obvious to many for months: U.S. shale production is in deep, deep trouble as the fracking boom bursts in the

The oil cartel, OPEC, has confirmed what has been obvious to many for months: U.S. shale production is in deep, deep trouble as the fracking boom bursts in the

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LET FREEDOM RING COURT RULES OPEC IS ABOVE THE LAW Exclusive: Larry Klayman blasts D.C. elites who put special interests ahead of Americans  Read more at http://www.wnd.com/2015/06/court-rules-opec-is-above-the-law/#lVzebpwwYr6hRSqI.99

LET FREEDOM RING COURT RULES OPEC IS ABOVE THE LAW Exclusive: Larry Klayman blasts D.C. elites who put special interests ahead of Americans Read more at http://www.wnd.com/2015/06/court-rules-opec-is-above-the-law/#lVzebpwwYr6hRSqI.99

#MARKETS: #Oil surges on #OPEC deal analysts see more upside   December 2 2016 The two-and-a-half-year oil bust could be coming to an end thanks to OPEC. The oil cartel pulled off a surprise agreement snatching victory from the jaws of defeat. The deal calls for collective cuts from 13 members (Indonesia suspended its membership) reducing output by 1.2 million barrels per day to 32.5 mb/d. Also non-OPEC countries will cut output by 600000 barrels per day including 300000 bpd from Russia. The…

#MARKETS: #Oil surges on #OPEC deal analysts see more upside December 2 2016 The two-and-a-half-year oil bust could be coming to an end thanks to OPEC. The oil cartel pulled off a surprise agreement snatching victory from the jaws of defeat. The deal calls for collective cuts from 13 members (Indonesia suspended its membership) reducing output by 1.2 million barrels per day to 32.5 mb/d. Also non-OPEC countries will cut output by 600000 barrels per day including 300000 bpd from Russia. The…

2/18/17 Replace with Russian oil-cartel staffers? - Tillerson executes abrupt shakeup at State Department - CNNPolitics.com

2/18/17 Replace with Russian oil-cartel staffers? - Tillerson executes abrupt shakeup at State Department - CNNPolitics.com

OPEC agreed major production cuts in November, hoping to tame the global oil oversupply and support prices.

OPEC agreed major production cuts in November, hoping to tame the global oil oversupply and support prices.

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