Interview with Nigeria’s Rivers Region Governor Rotimi Amaechi
Duration : 0:7:7
Inside Look: Nigerian Oil Production
Crash Course: Chapter 17b – Energy Budgeting (1 of 2) by Chris Martenson
Chapter 17b – Energy Budgeting (1 of 2): Petroleum has supplied the surplus energy that has allowed for social complexity, industrialization, and the modern conveniences that we enjoy. In this chapter, Dr. Chris Martenson explains that in the future our supply of surplus energy will decline due to the fact that increasing amounts of energy will be required to produce new energy. When poor net energy (ERoEI) returns are paired with peak oil production, it points to a return to a less complex society.
http://www.chrismartenson.com
Duration : 0:6:48
Molchanov Says Chevrons Strategy Is on The Right Track: Video
Jan. 29 (Bloomberg) — Pavel Molchanov, an analyst at Raymond James & Associates, talks with Bloombergs Julie Hyman and Mark Crumpton about the outlook for Chevron Corp. after it said fourth-quarter net income dropped 37 percent as slumping demand for diesel and gasoline outweighed gains from oil production and prices.
Molchanov also discusses prospects for the company’s refineries and the outlook for Exxon Mobil Corp.’s earnings. (Source: Bloomberg)
Duration : 0:4:42
California State Lands Commission Hearing on Offshore Oil Drilling (3 of 7)
In this clip (in order of appearance):
Tom Sheehy, Chief Deputy Director of the Department of Finance
Lieutenant Governor John Garamendi, Chair, California State Lands Commission
Controller John Chiang
Video by AGP Video.
SANTA MONICA The California State Lands Commission (SLC), the state agency responsible for approving new oil leases in California, today voted for a resolution to reject a Department of Finance proposal to bypass the SLC to permit oil drilling off the coast of California. Lieutenant Governor John Garamendi, chair of the SLC, joined State Controller John Chiang in favor of the resolution, while commission member Tom Sheehy, Chief Deputy Director for the Department of Finance, did not cast a vote as he had to leave the hearing early due to a family emergency.
The State Lands Commission has had the authority to approve oil leases in California since 1937. A copy of the resolution is below.
This is a deliberate attempt to overturn the decision of this body, the State Lands Commission, a decision that was based on the finding that this proposal was not in the interests of the state, Lieutenant Governor John Garamendi said. The proposed legislation gives the power to move forward the lease to the Department of Finance, not the legislature.
This is a blatant power grab; the Department of Finance deliberately misrepresented the level of political support behind this, said Susan Jordan, director of the California Coastal Protection Network. It was appalling to watch. They dont like the decision made by the State Lands Commission, but that is precisely why we have an independent commission.
The three-member State Lands Commission originally considered the request to lease land to the Plains Exploration & Production Company to expand drilling off the coast of California in late January, but Garamendi joined State Controller John Chiang in a two-to-one vote to defeat the proposal.
The new drilling proposal offers California a $100 million loan that must be repaid by forgiving future royalty payments to California. This is an incredibly reckless fiscal policy, added Garamendi, chair of- the California Commission for Economic Development. The cleanup costs for 2007s Cosco Busan oil spill in San Francisco exceeded $70 million, and that was a comparatively minor spill compared to whats possible. California should leave new oil production in the 20th century and reassert its leadership in renewable energy production.
Duration : 0:4:48
Crude oil crack spread
A petroleum refiner producing gasoline and heating oil could use a futures crack spread to lock in both the cost of oil and output prices. As the refiner buys crude oil as an input, that is the long futures position in the crack spread; as the refiner sells gas and/or heating oil, that’s the short position.
Duration : 0:5:17
California State Lands Commission Hearing on Offshore Oil Drilling (1 of 7)
In this clip (in order of appearance):
Lieutenant Governor John Garamendi, Chair, California State Lands Commission
Paul Thayer, Executive Officer, California State Lands Commission
Tom Sheehy, Chief Deputy Director of the Department of Finance
Video by AGP Video.
SANTA MONICA The California State Lands Commission (SLC), the state agency responsible for approving new oil leases in California, today voted for a resolution to reject a Department of Finance proposal to bypass the SLC to permit oil drilling off the coast of California. Lieutenant Governor John Garamendi, chair of the SLC, joined State Controller John Chiang in favor of the resolution, while commission member Tom Sheehy, Chief Deputy Director for the Department of Finance, did not cast a vote as he had to leave the hearing early due to a family emergency.
The State Lands Commission has had the authority to approve oil leases in California since 1937. A copy of the resolution is below.
This is a deliberate attempt to overturn the decision of this body, the State Lands Commission, a decision that was based on the finding that this proposal was not in the interests of the state, Lieutenant Governor John Garamendi said. The proposed legislation gives the power to move forward the lease to the Department of Finance, not the legislature.
This is a blatant power grab; the Department of Finance deliberately misrepresented the level of political support behind this, said Susan Jordan, director of the California Coastal Protection Network. It was appalling to watch. They dont like the decision made by the State Lands Commission, but that is precisely why we have an independent commission.
The three-member State Lands Commission originally considered the request to lease land to the Plains Exploration & Production Company to expand drilling off the coast of California in late January, but Garamendi joined State Controller John Chiang in a two-to-one vote to defeat the proposal.
The new drilling proposal offers California a $100 million loan that must be repaid by forgiving future royalty payments to California. This is an incredibly reckless fiscal policy, added Garamendi, chair of- the California Commission for Economic Development. The cleanup costs for 2007s Cosco Busan oil spill in San Francisco exceeded $70 million, and that was a comparatively minor spill compared to whats possible. California should leave new oil production in the 20th century and reassert its leadership in renewable energy production.
Duration : 0:7:18
California State Lands Commission Hearing on Offshore Oil Drilling (7 of 7)
In this clip (in order of appearance):
Lieutenant Governor John Garamendi, Chair, California State Lands Commission
Scott Thomas, Conservation Director, Sea and Sage Audubon Society of Orange County
Amber Jackson
Amy Jackson
Controller John Chiang
Video by AGP Video.
SANTA MONICA The California State Lands Commission (SLC), the state agency responsible for approving new oil leases in California, today voted for a resolution to reject a Department of Finance proposal to bypass the SLC to permit oil drilling off the coast of California. Lieutenant Governor John Garamendi, chair of the SLC, joined State Controller John Chiang in favor of the resolution, while commission member Tom Sheehy, Chief Deputy Director for the Department of Finance, did not cast a vote as he had to leave the hearing early due to a family emergency.
The State Lands Commission has had the authority to approve oil leases in California since 1937. A copy of the resolution is below.
This is a deliberate attempt to overturn the decision of this body, the State Lands Commission, a decision that was based on the finding that this proposal was not in the interests of the state, Lieutenant Governor John Garamendi said. The proposed legislation gives the power to move forward the lease to the Department of Finance, not the legislature.
This is a blatant power grab; the Department of Finance deliberately misrepresented the level of political support behind this, said Susan Jordan, director of the California Coastal Protection Network. It was appalling to watch. They dont like the decision made by the State Lands Commission, but that is precisely why we have an independent commission.
The three-member State Lands Commission originally considered the request to lease land to the Plains Exploration & Production Company to expand drilling off the coast of California in late January, but Garamendi joined State Controller John Chiang in a two-to-one vote to defeat the proposal.
The new drilling proposal offers California a $100 million loan that must be repaid by forgiving future royalty payments to California. This is an incredibly reckless fiscal policy, added Garamendi, chair of- the California Commission for Economic Development. The cleanup costs for 2007s Cosco Busan oil spill in San Francisco exceeded $70 million, and that was a comparatively minor spill compared to whats possible. California should leave new oil production in the 20th century and reassert its leadership in renewable energy production.
Duration : 0:6:39
California State Lands Commission Hearing on Offshore Oil Drilling (6 of 7)
In this clip (in order of appearance):
Lieutenant Governor John Garamendi, Chair, California State Lands Commission
Jack Eidt, Founder, Wild Heritage Planners
Penny Elia, Sierra Club
Brandy Langdon
Video by AGP Video.
SANTA MONICA The California State Lands Commission (SLC), the state agency responsible for approving new oil leases in California, today voted for a resolution to reject a Department of Finance proposal to bypass the SLC to permit oil drilling off the coast of California. Lieutenant Governor John Garamendi, chair of the SLC, joined State Controller John Chiang in favor of the resolution, while commission member Tom Sheehy, Chief Deputy Director for the Department of Finance, did not cast a vote as he had to leave the hearing early due to a family emergency.
The State Lands Commission has had the authority to approve oil leases in California since 1937. A copy of the resolution is below.
This is a deliberate attempt to overturn the decision of this body, the State Lands Commission, a decision that was based on the finding that this proposal was not in the interests of the state, Lieutenant Governor John Garamendi said. The proposed legislation gives the power to move forward the lease to the Department of Finance, not the legislature.
This is a blatant power grab; the Department of Finance deliberately misrepresented the level of political support behind this, said Susan Jordan, director of the California Coastal Protection Network. It was appalling to watch. They dont like the decision made by the State Lands Commission, but that is precisely why we have an independent commission.
The three-member State Lands Commission originally considered the request to lease land to the Plains Exploration & Production Company to expand drilling off the coast of California in late January, but Garamendi joined State Controller John Chiang in a two-to-one vote to defeat the proposal.
The new drilling proposal offers California a $100 million loan that must be repaid by forgiving future royalty payments to California. This is an incredibly reckless fiscal policy, added Garamendi, chair of- the California Commission for Economic Development. The cleanup costs for 2007s Cosco Busan oil spill in San Francisco exceeded $70 million, and that was a comparatively minor spill compared to whats possible. California should leave new oil production in the 20th century and reassert its leadership in renewable energy production.
Duration : 0:9:27
Energy Outlook – Crude Oil Rises, Natural Gas Falls – Bloomberg
Analysis and Discussion with Stephen Schork of the Schork Report (Bloomberg News)
Duration : 0:6:2
California State Lands Commission Hearing on Offshore Oil Drilling (4 of 7)
In this clip (in order of appearance):
Lieutenant Governor John Garamendi, Chair, California State Lands Commission
Susan Jordan, Director, California Coastal Protection Network
Kelly Brosman
Video by AGP Video.
Paul Thayer, Executive Officer, California State Lands Commission
Tom Sheehy, Chief Deputy Director of the Department of Finance
SANTA MONICA The California State Lands Commission (SLC), the state agency responsible for approving new oil leases in California, today voted for a resolution to reject a Department of Finance proposal to bypass the SLC to permit oil drilling off the coast of California. Lieutenant Governor John Garamendi, chair of the SLC, joined State Controller John Chiang in favor of the resolution, while commission member Tom Sheehy, Chief Deputy Director for the Department of Finance, did not cast a vote as he had to leave the hearing early due to a family emergency.
The State Lands Commission has had the authority to approve oil leases in California since 1937. A copy of the resolution is below.
This is a deliberate attempt to overturn the decision of this body, the State Lands Commission, a decision that was based on the finding that this proposal was not in the interests of the state, Lieutenant Governor John Garamendi said. The proposed legislation gives the power to move forward the lease to the Department of Finance, not the legislature.
This is a blatant power grab; the Department of Finance deliberately misrepresented the level of political support behind this, said Susan Jordan, director of the California Coastal Protection Network. It was appalling to watch. They dont like the decision made by the State Lands Commission, but that is precisely why we have an independent commission.
The three-member State Lands Commission originally considered the request to lease land to the Plains Exploration & Production Company to expand drilling off the coast of California in late January, but Garamendi joined State Controller John Chiang in a two-to-one vote to defeat the proposal.
The new drilling proposal offers California a $100 million loan that must be repaid by forgiving future royalty payments to California. This is an incredibly reckless fiscal policy, added Garamendi, chair of- the California Commission for Economic Development. The cleanup costs for 2007s Cosco Busan oil spill in San Francisco exceeded $70 million, and that was a comparatively minor spill compared to whats possible. California should leave new oil production in the 20th century and reassert its leadership in renewable energy production.
Duration : 0:8:39