International Oil Companies Caught In Kurdish Smuggling Web | ZeroHedge

Authored by Tsvetana Paraskova via OilPrice.com,

  • A Reuters investigation found that over 1,000 tanker trucks are smuggling at least 200,000 barrels of Kurdish oil per day to Iran and Turkey.

  • The smuggling operation generates an estimated $200 million in monthly revenue, but the destination of the funds remains unclear.

  • The illicit trade has flourished since a pipeline to Turkey was closed in March 2023 due to a dispute over export rights.

Kurdistan hasn’t been able (more…)

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A Big Wreck Is About To Happen At The Intersection Of Artificial Intelligence Boulevard And Net Zero Avenue | ZeroHedge

Via Energy Security and Freedom,

The Big Green Grift, the Energiewende and all the other green energy scams are about to be slowly shuttled aside because we need massive amounts of new energy these schemes cannot deliver. Moreover, we can no longer afford the virtue signaling, power seeking and money grabbing nonsense these ventures involve. Indeed, there's a big wreck about to happen at the intersection of Artificial Intelligence Boulevard and Net Zero Avenue. Future AI data center (more…)

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Is Carbon Capture Big Oil’s Next Pay Day? | ZeroHedge

Authored by Craig B. Smith & William D. Fletcher via RealClearEnergy,

THE PROPOSAL

Carbon capture and storage — the concept of sucking carbon dioxide (CO2) from the atmosphere and storing it underground — is being considered as a way to reduce greenhouse gases. It’s been suggested that such technology is a way to buy time while the world transitions away from fossil fuels to renewable energy. It’s discussed as a possible way to stall global warming.

There is (more…)

Continue ReadingIs Carbon Capture Big Oil’s Next Pay Day? | ZeroHedge