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Iran Trying to Hide Its Massive Oil Tankers

...by turning off ships' GPS

(Newser) - Oil sanctions are posing a growing problem for Iran, prompting officials to resort to some odd—and illegal—tactics. Struggling to find buyers, the country has been storing oil on tankers whose satellite systems have been turned off since early last month, thus breaking maritime rules, the Washington Post reports....

West Has Oil That Equals 'World's Proven Reserves'

But GAO official warns Congress about environmental impact

(Newser) - Maybe President Bush should have invaded the Rocky Mountain region instead of Iraq: Turns out that a mostly vacant area of land across Colorado, Utah, and Wyoming has about as much recoverable oil as the world's reserves combined, according to a US official. A government agency "estimates that...

Libya's Ex-Oil Minister Found Floating Down Danube River

Shukri Ghanem's body shows no signs of violence: police

(Newser) - Libya's former oil minister, who defected during the height of his country's uprising, was found floating dead down the Danube river in Austria today. Shukri Ghanem's body showed no signs of violence, although "there would be no signs of violence if someone pushed him in,"...

Obama Clears Way for Sanctions on Iran

President says world market has enough oil to enact restrictions

(Newser) - President Obama today greenlighted sanctions designed to choke Iran's oil industry and pressure Tehran into giving up its nuclear ambitions. The decision comes after the White House established that there's enough crude oil in world markets to keep American allies steady if they reduce imports from Iran, reports...

Move Over, Keystone: 2 More Pipelines Planned

Calgary-based driller to send oil to Houston-based refinery

(Newser) - The Keystone XL pipeline may be mired in politics, but take heart, pipeline lovers: With Canadian crude oil production soaring, Houston-based Enterprise Products Partners and Calgary-based Enbridge hope to build two new pipelines to pump it to US refineries, the Wall Street Journal reports. The companies intend to build a...

Iran Cuts Off Oil Exports to 6 EU Countries

Move comes in response to sanctions

(Newser) - Iran is having quite the day: In addition to trumpeting its recent nuclear achievements, it also thumbed its nose at EU sanctions "against Iran's energy and banking sectors" by cutting off oil exports to six European countries. The Netherlands, Spain, Italy, France, Greece, and Portugal are the affected...

Admiral: US Poised to &#39;Confront&#39; Iran

 Admiral: Iran Has 
 Suicide Boats 
UPDATED
Feb 13, 2012 8:20 AM CST

Admiral: Iran Has Suicide Boats

Mark Fox says Iran threats dangerous, but US Navy has 'very effective' options

(Newser) - Iran has significantly built up its naval arsenal, adding more fast attack boats and some ships that "have been outfitted with a large warhead that could be used as a suicide explosive device," US Vice Admiral Mark Fox told reporters yesterday, according to Reuters . Iran also now has...

EU Rolls Out Embargo on Iran Oil

May also freeze central bank's assets

(Newser) - The European Union today rolled out its embargo of Iranian oil, adopting the measure as what Britain's foreign secretary called "an unprecedented set of sanctions" designed to crack down on the country's nascent nuclear program. Existing contracts for crude oil and petroleum will be honored until July,...

Iran to OPEC: Don't Grab Our Oil Sales

Saudis ready to boost production, but say unrelated to embargo

(Newser) - With the West about to increase sanctions on Iran to include oil sales abroad, Tehran is warning its Arab neighbors not to make a buck off of that embargo, reports the AP . Any Arab nation that raises its oil output will be an "accomplice in the consequences," warned...

New Pain for Iran: Japan Jumps Aboard Embargo

Meanwhile, the US sends two new aircraft carriers to the Arabian Sea

(Newser) - It looks like things are about to get a little bit more uncomfortable for Iran: Japan today agreed to align itself with Washington and reduce the amount of oil it imports from Iran. Japan is extremely dependent on foreign fuel, and currently gets about 10% of its oil from Iran;...

Iran Threatens to Block Flow of Gulf Oil

...if US, EU impose sanctions

(Newser) - A blustering Iran yesterday threatened to choke the flow of oil through the Gulf's Strait of Hormuz if the West imposes sanctions on its oil exports—sanctions that the the White House is prepping and the EU is considering as a way to punish the country for its nuclear...

US Becoming Net Fuel Exporter
 US Becoming Net Fuel Exporter 
Nov 30, 2011 8:14 AM CST

US Becoming Net Fuel Exporter

More going out than coming in for first time since 1949

(Newser) - This is going to be the first year since 1949 in which America exports more fuel than it imports, thanks to sagging demand at home and booming economies elsewhere. The US still imports around 9 million barrels of crude oil every day, but soaring exports of refined petroleum products are...

Next for South Sudan: Building an Economy

Officials want to wean the new nation off oil

(Newser) - In South Sudan, the world's newest nation , 98% of revenue comes from oil—and one of the first tasks its nascent government must tackle is how to change that, since oil revenue must still be split with the north. Work will begin today on building an economy that's...

Celebs, Green Activists Plan DC Summer Protests

Danny Glover, others seek pipeline foes willing to risk arrest

(Newser) - Actor Danny Glover is among a group of celebrities and green activists seeking volunteers to risk arrest this summer in DC over a proposed oil pipeline that would run from the Canadian tar sands to the Gulf Coast. “We want you to consider doing something hard: coming to Washington...

Libya Rebels Sell Oil
 New Oil Peddlers: Libya Rebels 
Mar 29, 2011 7:13 AM CDT

New Oil Peddlers: Libya Rebels

Qatar is first reported buyer

(Newser) - Now that they’ve taken control of some critical oil fields and terminals, eastern Libya’s rebels are getting into the oil business. Qatar is rumored to be the first buyer, with a deal in place to buy the oil and ship it in leased tankers, the New York Times...

Israel's Natural-Gas Find Is Biggest in 10 Years

Deepwater discovery could have huge implications for region

(Newser) - Discovery of a massive field of natural gas off the coast of Israel could transform the Jewish state's economy and even alter the balance of power in the Middle East, the Wall Street Journal reports. Houston-based Noble Energy confirmed yesterday that the so-called Leviathan field has 16 trillion cubic feet...

Oily Mist Coats Gulf Towns
 Oily Mist Coats Gulf Towns 
Sep 3, 2010 5:55 PM CDT

Oily Mist Coats Gulf Towns

Airborne oil could be trouble for humans, plants

(Newser) - Beach workers in Orange Beach, Alabama, have noticed that strong winds from the south—that is, from the oil-soaked Gulf of Mexico—bring with them a greasy mist. Few in the town believe BP's claims that the oil is gone—why would they, when, after a day at the beach,...

Gulf 'Dead Zone' One of the Biggest Ever

Low-oxygen marine wasteland measures 7,772 square miles

(Newser) - The Gulf of Mexico is seeing one of the biggest low-oxygen areas—or "dead zones"—on record this year. A dead zone forms in the Gulf around this time every year, but the 2010 incarnation is 7,722 square miles, just a few hundred short of the record...

Oil Vanishes From Surface of Gulf
 Oil Vanishes From 
 Surface of Gulf 
Good News?
Jul 28, 2010 8:09 AM CDT

Oil Vanishes From Surface of Gulf

But worries persist about what's beneath the waves

(Newser) - Finally there’s a glimmer of good news from the Gulf: the oil on the surface is disappearing a lot faster than anyone expected, according to the New York Times . The leak has been shut for almost two weeks, and “oil has a finite lifespan on the surface,”...

Rig's Alarm System Disabled on Day of Blast

Functioning alerts would have warned of explosion: technician

(Newser) - An electronics technician aboard the ill-fated oil rig Deepwater Horizon told an investigative panel today that an alarm system was partially shut down on the day the rig exploded. Mike Williams said the system was turned on to monitor for fire, explosive gas, and toxic gas but that its sound...

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