Pipelines, energy and natural resources

[ytz]

Kindofish...

Right up until your last paragraph.
Do I know what he is doing? And do I trust him? No to both. But, do U know that he is a moron that isn't working a plan? Also no.

We know they didn't think this (recapitalizing the oil sector) through. There's reporting they are trying to bully the oil sector to get them to invest in Venezuela, making recovery of losses from nationalization conditional on substantial investment in Venezuela. They really didn't expect the oil majors to be so reluctant.

https://www.politico.com/news/2026/01/03/trump-venezuela-oil-us-companies-return-00709782

Trump administration launches new bid to pressure US oil companies on Venezuela

The president’s Energy and Interior secretaries are joining the effort to cajole the petroleum businesses to invest in the country’s shattered oil fields

www.politico.com

 

[Kirkhill]

We know they didn't think this (recapitalizing the oil sector) through. There's reporting they are trying to bully the oil sector to get them to invest in Venezuela, making recovery of losses from nationalization conditional on substantial investment in Venezuela. They really didn't expect the oil majors to be so reluctant.

https://www.politico.com/news/2026/01/03/trump-venezuela-oil-us-companies-return-00709782

Trump administration launches new bid to pressure US oil companies on Venezuela

The president’s Energy and Interior secretaries are joining the effort to cajole the petroleum businesses to invest in the country’s shattered oil fields

www.politico.com

Sorry mate. Freudian typo there.

That was supposed to be "Do I know that he is a moron...."
Fat fingers and a failure to proof-read.

I don't know what you know. I only know what I know.

Cheers.

 

[GK .Dundas]

I found the letter rude and offensive
Why would I vote for a political party currently being run by this man ??
I find it hard to excuse his behaviors and he is driving me farther away from supporting the Conservatives.

 

[HavokFour]

Some positive news on the manmade sun front.

Not to be confused with fission (splitting of atoms), fusion is the combination of 2 atoms.

Canada has just broken a world record in nuclear fusion, and the number of neutrons has put the entire energy industry on alert

Canada hits a fusion milestone: 600M neutrons a second from General Fusion’s tests—shaking up the future of energy.

www.ecoticias.com

 

[ytz]

Some positive news on the manmade sun front.

Not to be confused with fission (splitting of atoms), fusion is the combination of 2 atoms.

Canada has just broken a world record in nuclear fusion, and the number of neutrons has put the entire energy industry on alert

Canada hits a fusion milestone: 600M neutrons a second from General Fusion’s tests—shaking up the future of energy.

www.ecoticias.com

Progress. But 600 million neutrons isn't as many as people think. But hopefully, they are on the path to sustained reaction.

 

[brihard]

Progress. But 600 million neutrons isn't as many as people think. But hopefully, they are on the path to sustained reaction.

Every step forward that validates something not previously validated and establishes a new platform to build on is great to see. Nice that they’re Canadian.

 

[Good2Golf]

Progress. But 600 million neutrons isn't as many as people think. But hopefully, they are on the path to sustained reaction.

It’s not the quantity but the previously inactive high neutron density that is being developed and measured in this effort. Scale follows.

 

[Colin Parkinson]

We know they didn't think this (recapitalizing the oil sector) through. There's reporting they are trying to bully the oil sector to get them to invest in Venezuela, making recovery of losses from nationalization conditional on substantial investment in Venezuela. They really didn't expect the oil majors to be so reluctant.

https://www.politico.com/news/2026/01/03/trump-venezuela-oil-us-companies-return-00709782

Trump administration launches new bid to pressure US oil companies on Venezuela

The president’s Energy and Interior secretaries are joining the effort to cajole the petroleum businesses to invest in the country’s shattered oil fields

www.politico.com

I don't blame the oil companies one bit. Why pour billions into a country and system that could turn on you in a moment and have political and military support disappear in an US election?

 

[Czech_pivo]

I don't blame the oil companies one bit. Why pour billions into a country and system that could turn on you in a moment and have political and military support disappear in an US election?

Name me which countries that have the largest oil supplies that don't have a US military base in them?

 

[Fishbone Jones]

Name me which countries that have the largest oil supplies that don't have a US military base in them?

Canada

 

[GR66]

Name me which countries that have the largest oil supplies that don't have a US military base in them?

Russia

 

[The Bread Guy]

Canada

Yup, in the top 5.

Name me which countries that have the largest oil supplies that don't have a US military base in them?

U.S. bases? From the top ten by proven reserves? Venezuela (for now, anyway), Iran, Russia, Nigeria and Libya.

 

[Czech_pivo]

Canada

Yup - us and Russia.

 

[Czech_pivo]

Russia

Yes, us Russia and Iran - all the others basically have

 

[HavokFour]

I wonder how this will effect the market.

Iraq to nationalise West Qurna 2 oilfield operations, government says

Iraq's cabinet has approved plans to nationalise operations at the West Qurna 2 oilfield, one of the world's largest, as the government looks to avert disruptions stemming from U.S. sanctions imposed on Russian stakeholder Lukoil .

www.reuters.com

 

[PPCLI Guy]

I wonder how this will effect the market.

Iraq to nationalise West Qurna 2 oilfield operations, government says

Iraq's cabinet has approved plans to nationalise operations at the West Qurna 2 oilfield, one of the world's largest, as the government looks to avert disruptions stemming from U.S. sanctions imposed on Russian stakeholder Lukoil .

www.reuters.com

Makes sense from an Iraqi perspective.

Of interest, of the 10 countries with the highest oil reserves, only one has not nationalised all production: Canada. The US is ranked 11, and from 11-20, only the US and Mexico have not completely nationalised. So basically North American production, in capitalist market economies are the only non-nationalised oil markets. Wonder how long that will last.

Oil Reserves by Country - Worldometer

List of world countries by proven Oil Reserves in million cubic feet (MMcf), and per capita.

www.worldometers.info

 

[ytz]

Pakistan's solar boom was so substantial that they can't use planned Qatari LNG orders and are trying to resell.

Exclusive: Pakistan looking to sell excess LNG amid supply glut curbing local gas output - document

Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic producers $378 million in annual losses, according to a presentation and a government official familiar with the matter.

www.reuters.com

There's now a risk of this happening elsewhere as Chinese PV exports grow.

 

[Kirkhill]

Apparently China needs oil. Who knew?

Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say

Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace Venezuelan shipments halted since the U.S. removed the country's president, traders and analysts said.

www.reuters.com

Plan A - Venezuelan oil
Plan B - Iranian oil

Plan A looks to be a bust
Plan B doesn't look to be overly promising

And Carney is in China next week.

 

[Czech_pivo]

Apparently China needs oil. Who knew?

Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say

Chinese independent refiners are expected to switch to heavy crude from sources including Iran in coming months to replace Venezuelan shipments halted since the U.S. removed the country's president, traders and analysts said.

www.reuters.com

Plan A - Venezuelan oil
Plan B - Iranian oil

Plan A looks to be a bust
Plan B doesn't look to be overly promising

And Carney is in China next week.

I’ve got no issue selling oil to China.
A simple transaction, occurring daily hopefully, here is my oil at my port, your ship comes up to be loaded and leaves. Repeat daily. No need for any other interaction.