Oil

Ana Maria Otero / AP

Earlier this year the U.S. all but cut off oil imports from Venezuela to put more pressure on the country’s authoritarian regime. Now another major importer looks like it’s turning its back on Venezuela.

Carl Juste / Miami Herald

On Friday, President Trump will meet with leaders from five Caribbean island nations at his Mar-a-Lago resort here in Florida. A big question is: what will Trump do for them in return for what they’ve recently done for him?

More Oil Drilling Proposed For Southern Florida

Feb 3, 2019
Courtesy Sun Sentinel

The boom in U.S. oil production may one day extend to southern Florida, where several companies have proposed operations to extract the valuable black liquid from some of the most sensitive habitats in the state.

No drilling is imminent, since these projects require extensive permitting and preparation. And the plans come as the state looks more likely to pass a ban on fracking, a technique that has unlocked vast oil deposits at what many environmentalists see as an unacceptable cost to water supplies.

Ariana Cubillos / AP via Miami Herald

On Thursday Venezuelan President Nicolás Maduro will be sworn in after his unconstitutional re-election. Much of the world considers his socialist regime a dictatorship – and a disastrous one: Venezuela is suffering the worst economic collapse in the world right now.

But is it also a dangerous one? Lately the U.S. and much of Latin America are calling Venezuela an erratic security threat. It's escalating tensions with its neighbors – and last month welcomed Russian bomber planes into the country.

To understand what's going on with Venezuela, WLRN’s Tim Padgett spoke with Bruce Bagley, a University of Miami international studies professor and an expert on South American security issues.

Ignoring pressure from President Trump to keep the oil flowing, OPEC, Russia and other producers have agreed to cut production. They pledged to pare output by 1.2 million barrels a day, hoping to stem a sharp drop in oil prices.

The price of crude jumped nearly 4.5 percent Friday morning, to $53.75 per barrel, on word of the agreement, which called for a bigger reduction than analysts had expected.

Gov. Rick Scott says Florida is “off the table for oil drilling.”

Updated at 10:54 a.m. ET

Qatar plans to leave OPEC in January, shaking up the alliance of oil-producing nations and furthering its dispute with Saudi Arabia. Qatar made the announcement on Monday — the same day it informed OPEC.

Qatar's Energy Minister Saad al-Kaabi said the small Persian Gulf country will leave OPEC because it wants to focus on natural gas — a sector in which Qatar is a world leader. But the move also draws another line of division with Saudi Arabia, the only country with which Qatar shares a land border.

Advocacy Groups Say Florida Parks At Risk By Offshore Drilling

May 24, 2018

Eleven national parks in Florida are threatened by White House proposals to open to oil drilling currently protected parts of the nation’s outer continental shelf and to revise the 2016 Well Control Rule, according to a report released Wednesday by environmental conservation groups. 

President Trump's announcement that he will withdraw the United States from the Iran nuclear deal sent crude oil prices up slightly. U.S. drivers who have noticed higher prices at the pump may be tempted to blame Trump's Iran decision, but it's only one factor at play right now. Even before Trump's announcement gasoline prices were nearly 50 cents a gallon higher than a year ago.

YouTube

Last week Venezuelan President Nicolás Maduro said his country had found “the perfect kryptonite to defeat Superman!” By Superman he meant the U.S. And by kryptonite he meant cryptocurrency – el petro.

WLRN

Floridians have until March 9 to comment on President Donald Trump's draft proposal program that would allow for offshore drilling and seismic testing off the state's coasts.

Activists will be protesting and gathering comments to submit to the administration in Miami Beach on Sunday at CoastFest, an educational event hosted by Oceana, a non-profit organization that focuses on protecting the world's oceans.

 

Elected officials, business leaders and scientists will join to speak on the impacts of offshore drilling and seismic testing.

Miami Herald

Miami commissioners voted unanimously Thursday to oppose drilling for gas and oil off Florida's coasts.

The vote follows confirmation by the U.S. Department of the Interior that Florida is among states where drilling could be expanded, despite a statement to the contrary by Interior  Secretary Ryan Zinke.

Ronald Zak / AP via Miami Herald

Oil is Venezuela’s only real economic asset, accounting for more than 95 percent of its export revenues. But its oil industry has been wrecked by neglect and corruption. The government is now purging that industry’s leadership. But it’s probably too late.

They say oil is as much a curse to Venezuela as it is a blessing. The South American country has the world’s largest oil reserves. But its oil wealth has long been looted by corrupt ruling elites. Or, in this century, by a corrupt socialist revolution.

A federal court judge in Fort Myers ruled against a consortium of Environmental advocacy groups Monday in a lawsuit against the National Park Service and a Texas oil company.  The lawsuit was an attempt to prevent seismic testing for oil and gas reserves in Big Cypress National Preserve

On a cold and windy day off the coast of Alabama, a team of researchers from Worcester Polytechnic Institute in Massachusetts gathers, conducting the first test outside a laboratory for a potential new solution to a challenging problem: cleaning oil spills from water.

The invention, the Flame Refluxer, is "very simple," says Ali Rangwala, a professor of fire protection engineering: Imagine a giant Brillo pad of copper wool sandwiched between layers of copper screen, with springy copper coils attached to the top.

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