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Home > Energy Week > Episode 66 - India mad at US | Iran and US | Turkey and Egypt | Berkshire Hathaway and Oxy
Podcast: Energy Week
Episode:

Episode 66 - India mad at US | Iran and US | Turkey and Egypt | Berkshire Hathaway and Oxy
Category: Government & Organizations
Duration: 00:44:58
Publish Date: 2019-05-07 08:07:26
Description: US Commerce Sec says US can’t ensure cheaper oil to India https://www.reuters.com/article/us-usa-india-trade-oil/us-commerce-secretary-government-cannot-ensure-cheaper-us-oil-sales-to-india-idUSKCN1SC0PP India is being pushed by the U.S. to cut imports from Iran and Venezuela, and India is looking for a deal. Wilber Ross said that the United States can’t arrange any special conditions for India. But could they? Perhaps offer incentives to companies to export to India? US sends aircraft carrier to Middle East https://www.bbc.com/news/amp/world-us-canada-48173357 What’s going on the Middle East? Tensions escalating? Sending air craft carriers to the region to counter a “credible threat.” Egypt warns Turkey not to drill in eastern Med https://ahvalnews-com.cdn.ampproject.org/c/s/ahvalnews.com/east-mediterranean/egypt-warns-turkey-against-drilling-e-mediterranean? Egypt and Cyprus have an agreement for natural gas drilling but Turkey says it doesn’t recognize this and wants to drill for natural gas in areas that it says belong to the Turkish Republic of Cypus Belarus doesn’t know when Russia will be able to supply clean oil https://uk.reuters.com/article/russia-oil-exports/belarus-does-not-know-when-clean-russian-oil-flows-to-europe-will-resume-source-idUKL5N22I29T More on Russian oil contamination https://www.forbes.com/sites/ellenrwald/2019/05/05/russia-contaminates-its-oil-and-is-finally-forced-to-cut-production/#4048ffc069e3 There a lot more to this contaminated oil situation then just getting clean oil to flow - where to put all the contaminated oil that’s still coming through before the clean oil can come through. Oil prices slump after Trump's tariff threat against China https://www.reuters.com/article/us-global-oil/oil-prices-slump-after-trumps-tariff-threat-against-china-idUSKCN1SC00P - will anyone run on Trump’s failure to get a deal done with China, especially if he keeps raising tariffs before the 2020 election? Buffett says Occidental Petroleum investment is a bet on oil prices over the long term https://www.cnbc.com/2019/05/06/buffett-says-occidental-petroleum-investment-is-a-bet-on-oil-prices-over-the-long-term.html “It’s also a bet on the fact that the Permian Basin is what it is cracked up to be,” - Warren Buffet Buffet looking at oil demand long-term and sees it going up and to the right. Occidental has agreed to sell of Anadarko’s African assets to Total $10 billion backing from Buffet $8 billion from Total Anadarko’s assets are perfectly positioned for both Occidental and Chevron. Other companies might not be to well positioned. https://markets.businessinsider.com/news/stocks/investing-in-saudi-arabia-risks-with-investing-2019-4-1028166314
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