China Resists US Push To Blacklist Ships Caught Trading With North Korea

After the US Treasury Department released satellite images purporting to show Chinese ships transferring oil to a North Korea-flagged vessel in blatant violation of UN Security Council sanctions, the US is pressing for 10 ships, several of them Chinese, to be added to the list of entities banned by the UN.
But there’s one problem: China, which like the US holds a permanent veto over UN Security Council decisions, is pushing back. It says it will only accept sanctions on four ships, according to the Wall Street Journal.
While there’s some skepticism about how well these rules are enforced, UN sanctions would require members to bar blacklisted ships from their ports.
A Security Council resolution passed last week gives member states more authority to seize the ships that have breached international sanctions and ban them from their ports. And the satellite images mentioned above have shown just how easily North Korea has managed to circumvent sanctions managed to restrict energy flowing into the country while also choking off its exports of North Korean coal.

This post was published at Zero Hedge on Fri, 12/29/2017 –.

TENSIONS FLARE AS US RECON SATELLITES EXPOSE CHINESE SHIPS ILLEGALLY SELLING OIL TO NORTH KOREA

According to South Korea’s Chosun Ilbo, U. S. recon satellites have photographed around 30 illegal transactions involving Chinese vessels selling oil to North Korea.
Washington, D. C. – United States reconnaissance satellites have allegedly caught Chinese ships violating UN sanctions by engaging in illegal oil trades with North Korean vessels nearly 30 times in October.
The images were captured in the West Sea on October 19, prior to the most recent round of sanctions on the DPRK, which caps oil product shipments at 500K barrels per year, going into effect.
The satellite footage reveals a North Korean ship, named Ryesonggang 1, connected with a Chinese ship in what was deemed a ship-to-ship oil transfer, which is prohibited and deemed illegal by U. S. authorities.
According to the U. S. Department of the Treasury’s official report on the incident:

This post was published at The Daily Sheeple on DECEMBER 27, 2017.

Trump To Rollback Deepwater Horizon Regulations

The Trump administration is hoping to slash regulations on offshore oil drilling that were implemented after the 2010 Deepwater Horizon disaster that killed nearly a dozen people and led to an oil leak that spewed for months.
According to the Wall Street Journal, the Bureau of Safety and Environmental Enforcement (BSEE), which is the agency housed in the Interior Department that regulates offshore oil drilling, is proposing a rollback of a series of changes made after the 2010 disaster.
BSEE says that the cuts will save the oil industry $900 million over ten years. The proposal has not been made public, but the WSJ reports that some of the changes include easing rules that require the streaming of real-time data of oil production operations to facilities onshore, which allows regulators to see what is going on. Another rule that would be removed requires third-party inspectors of equipment, such as the blowout preventer, to receive certification by BSEE.
Another example includes alterations to the ‘well-control rule,’ one of the signature regulations that was implemented by the Obama administration after years of review following BP’s oil spill. The well-control rule required the use of certain safety equipment and operations intended to reduce the risk of another disaster.

This post was published at Zero Hedge on Dec 27, 2017.

Post-Deepwater-Horizon Regulations Get Rolled Back

‘They’re blocking research into the risks. What is Secretary Zinke afraid of?’
By Nick Cunningham, Oilprice.com: The Trump administration is hoping to slash regulations on offshore oil drilling that were implemented after the 2010 Deepwater Horizon disaster that killed nearly a dozen people and led to an oil leak that spewed for months.
According to the Wall Street Journal, the Bureau of Safety and Environmental Enforcement (BSEE), which is the agency housed in the Interior Department that regulates offshore oil drilling, is proposing a rollback of a series of changes made after the 2010 disaster.
BSEE says that the cuts will save the oil industry $900 million over ten years. The proposal has not been made public, but the WSJ reports that some of the changes include easing rules that require the streaming of real-time data of oil production operations to facilities onshore, which allows regulators to see what is going on. Another rule that would be removed requires third-party inspectors of equipment, such as the blowout preventer, to receive certification by BSEE.

This post was published at Wolf Street on Dec 27, 2017.

Brent Jumps After Explosion At Major Oil Pipeline In Libya

After a quiet overnight session, the price of Brent Crude spiked following news of an explosion at a Libyan crude oil pipeline that feeds the Es Sider sea terminal – home of the largest oil depot in Libya – a source from the Libyan National Army told The Libya Times Tuesday. The blast happened near 30km northwest of Marada, the source said.
#Breaking: #LNA sources accuse islamist militants from ‘the #Benghazi Defense Brigades’ of blast targeting the main pipeline linking the Sidrah terminal and #oil fields belonging to al-Waha company. The attack took place about 30km northwest of Maradah. #Libya pic.twitter.com/DjDqj0qQHk
— The Libya Times (@thelibyatimes) December 26, 2017

This post was published at Zero Hedge on Dec 26, 2017.

In Victory For Trump, UN Imposes New North Korean Sanctions

One day after the UN humiliated Donald Trump, when 128 nations voted for a UN resolution demanding the US president revoke his decision to recognize Jerusalem as Israel’s capital, on Friday Trump scored a significant victory at the same venue – his third of the day after signing off on the tax and stopgap bills – when the United Nations Security Council unanimously approved new sanctions targeting North Korea’s economy after the latest launch of a ballistic missile last month that Kim Jong Un’s regime said shows it can now target the entire continental U. S.
The new restrictions are meant to slash North Korea’s imports of refined petroleum products, further restrict shipping and impose a 12-month deadline for expatriate North Korean workers to be sent home, according to Bloomberg. “Under the new sanctions, oil exports will be limited to their current level, which has already begun to result in shortages around the country,” the NY Times added. “Countries around the world will be ordered to expel North Korean workers, a key source of hard currency. Nations would also be urged to inspect all North Korean shipping and halt ship-to-ship transfers of fuel, which the North has used to evade sanctions.”

This post was published at Zero Hedge on Dec 22, 2017.

What Will Drive The Next Oil Price Crash?

Authored by Tsvetana Paraskova via OilPrice.com,
As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U. S. shale production will likely cap any significant price gains.
On the demand side, expectations are that global economic growth will support solid oil demand growth.
On the supply side, Venezuela’s dire situation, possible new sanctions on Iran, and increased tension in the Middle East mostly with the Saudi-Iran issues and the Iraq-Kurdistan standoff may take more barrels off the market than OPEC and friends plan, and send geopolitical jitters through the oil market.

This post was published at Zero Hedge on Dec 22, 2017.

American Leaker Warns: The US Is ‘Close To Nuclear Armageddon’

Daniel Ellsberg, the man who leaked the Pentagon papers which exposed the government’s lies during the Vietnam war is vocalizing a warning. He says the United States is really close to a nuclear Armageddon.
Ellsberg, now 86-years-old, leaked the Pentagon papers back in 1969 and he’s now got a new book out which serves a warning to those who care to listen. According to the Daily Mail, Ellsberg’s 7,000-page report was the WikiLeaks disclosure of its time, a sensational breach of government confidentiality that shook Richard Nixon’s presidency and prompted a Supreme Court fight that was supposed to advance press freedom.
In his new book, The Doomsday Machine: Confessions of a Nuclear War Planner, Ellsberg details how easy nuclear bombs can be triggered and shot off on a false alarm – and that the president isn’t the only who can launch the nukes, as we are often told. Low-level military commanders are capable of launching nuclear weapons too.
‘All out-nuclear war – an irreversible, unprecedented and almost unimaginable calamity for civilization and most life on earth – has been, like the disasters of Chernobyl, Katrina, the Gulf oil spill, Fukushima Daiichi, and before these, World War I, a catastrophe waiting to happen, on a scale infinitely greater than any of these,’ writes Ellsberg in his new book.

This post was published at shtfplan on December 19th, 2017.

Syria’s Assad Calls US-Backed Kurdish Militia “Traitors” Under Foreign Control

On Monday Syrian President Bashar al-Assad described US-backed forces in eastern Syria as ‘traitors’ during a meeting with Russian Deputy Prime Minister Dmitry Rogozin. “When we talk about those referred to as ‘the Kurds’, they are in fact not just Kurds,” Assad said in remarks released through official Syrian government accounts on social media. “All those who work for a foreign country, mainly those under American command… are traitors.”
Washington has given substantial military assistance and various supplies to the Kurdish-dominated Syrian Democratic Forces (SDF), not to mention direct air power and artillery support, which has enabled the SDF to seize a sizable part of eastern Syria, including the cities of Raqqa and Manbij, and many of country’s valuable oil and gas fields.
Assad received the Russian delegation headed by Rogozin in Damascus, and said further that the victory over terrorists ‘has created conditions for accelerating the process of restoring the Syrian economy.’

This post was published at Zero Hedge on Dec 19, 2017.