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GOP Senators Present Evidence China Bankrolls Environmentalist Lawsuits To Cripple U.S. Power

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Iran’s Supreme Leader, Ayatollah Ali Khamenei, announced the Islamic Republic won the twelve-day war between Iran and Israel in his first public comments since the cease-fire Thursday.

Khamenei released the pre-recorded statement after President Donald Trump announced a ceasefire Monday, signaling that Iran considers the war concluded by declaring victory.

He remained in hiding during the war, according to the Associated Press. He was sheltered in a “secret location,” the outlet reported.

“I extend my congratulations to the great Iranian nation for its victory over the Zionist entity,” Khamenei said, as translated by the Hindustan Times. “Despite all the claims and hype, the Zionist entity was almost crushed and collapsed in the face of the Islamic Republic strikes.”

Khamenei continued by thanking God, whom he claimed aided Iran’s forces “as they penetrated the advanced multi-layered Zionist defenses and raised many of their civilian and military sites to the ground.”

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Obama Administration Hands Oil Industry a Big Win

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Photo Credit: AP

Photo Credit: AP

The Obama administration announced Friday that it would allow exploration for oil and gas off some portions of the Atlantic Coast using sonic testing devices that environmentalists say harm marine life.

The Interior Department’s Bureau of Ocean Energy Management gave the OK for seismic airgun testing, which are boat-towed cannons that shoot sonar blasts off the ocean floor to scan for oil-and-gas deposits, in the mid- and south-Atlantic areas that stretch from the Delaware Bay to just south of Cape Canaveral, Fla. The approval is a prelude to potential offshore drilling there, though that is blocked through 2017 under President Obama’s five-year offshore drilling plan.

“The bureau has identified a path forward that addresses the need to update the nearly four-decade-old data in the region while protecting marine life and cultural sites,” said Acting BOEM Director Walter D. Cruickshank, who noted the agency has several permits on hand to conduct the seismic tests. “The bureau’s decision reflects a carefully analyzed and balanced approach that will allow us to increase our understanding of potential offshore resources while protecting the human, marine and coastal environments.”

It’s a big victory for the oil-and-gas industry, which is nearing its first chance to drill in the Atlantic Ocean in more than 30 years. It comes as BOEM recently raised its estimates for technically recoverable oil in the region to 4.72 billion barrels of oil and 37.51 trillion cubic feet of natural gas — 43 percent and 20 percent higher, respectively, than agency estimates in 2011.

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Oil Industry Starts Push to End Ban on Exports of Crude Oil

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Photo Credit: Thinkstock

Photo Credit: Thinkstock

The oil and gas industry is seizing on recent comments by Energy Secretary Ernest Moniz to push for an end to the United States’ 40-year-old ban on crude oil exports.

The American Petroleum Institute says the U.S. energy boom has made the ban irrelevant, citing Energy Information Administration projections this week that domestic oil production would hit a near-record 9.5 million barrels per day by 2016.

“It is undeniable that the American energy revolution has rendered our energy export policies obsolete,” said Erik Milito, API’s upstream director.

The comments come after Moniz suggested that the U.S. should “relook” at the ban, which was imposed in response to the 1970s Arab oil embargo, which caused worldwide shortages.

“There are lots of issues in the energy space that deserve some new analysis and examination in the context of what is now an energy world that is no longer like the 1970s,” Moniz said at the Platts Global Energy Outlook Forum in New York.

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Oil Shipments by Rail, Truck, and Barge Up Substantially

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Most oil and petroleum products are moved to refineries and consuming areas by pipeline, which is both the safest and most economical means of transporting them. However, due to a shortage of pipeline capacity, more and more oil and petroleum products are being moved by rail, truck, and barge. Those shipments almost doubled in 2012, and they are continuing to increase to move crude oil from the shale formations in North Dakota and Texas, and oil sands in Canada to U.S. refineries. Between 2011 and 2012, oil delivered to refineries by trucks increased 38 percent, crude moved on barges increased 53 percent and rail deliveries quadrupled. Because the nation’s pipeline infrastructure has not kept pace with growing domestic oil production, the market has had to rely increasingly on alternative transportation options.

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etween 2005 and 2010, 96 percent of crude oil was transported by pipeline and tanker ships to refineries. Inland refineries are generally reached by pipeline since pipeline transport has relatively low costs and high capacity. For imports and offshore production, tanker ships have been the primary form of transportation for crude oil. But in 2011, these two transportation forms began to decline in market share, representing 93 percent of the market in 2012.[ia]

Between 2000 and 2010, truck and rail shipments have averaged just 1 percent of total shipments to refineries because they are less cost-effective options for moving crude. But, beginning in 2011, truck and rail volumes increased, and represented 3 percent of refinery shipments in 2012. Domestic barge shipments also increased, accounting for nearly 3 percent as well.

Because of the lengthy regulatory review process for expanding existing pipelines or building new pipelines, the transportation of crude oil and petroleum products has moved to rail and truck, which provide more flexibility because they can use existing infrastructure. Unless more pipeline capacity is built to deal with the increased domestic crude production, it is likely that these transportation modes will expand.

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Cyberattacks: Major Iranian Threat

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NEW YORK (CNNMoney) — Iran’s quest for a nuclear weapon has been the subject of much debate this election season, but the presidential candidates rarely discuss the most imminent danger Iran poses to the United States: cyberwarfare.

Iran is believed to be behind a slew of massive attacks in September that took down a string of U.S. banks’ websites. The country is also thought to have launched a devastating cyber time bomb on Saudi Oil company Aramco in August and to have coordinated a similar attack on Qatar’s RasGas, an Exxon Mobil (XOM, Fortune 500) subsidiary.

The bank attacks were 10 to 20 times bigger than a typical denial of service attack, and doubled the previous record for traffic maliciously directed at a particular site, according to CrowdStrike, a security firm that investigated the attacks. The Aramco attack, set to go off on an Islamic holy night, unleashed a virus that destroyed about 30,000 corporate computers — three-quarters of the company’s PCs.

It’s a show of muscle the United States and its allies are unaccustomed to seeing from Iran. Cyberespionage and online identity theft are common tactics of Russian mafiosos and Chinese hackers, but Iran is relatively new to this playing field. After a series of painful economic sanctions levied on the country by the United States and Europe, cybersecurity experts say they’re not surprised that Iran is fighting back.

“Iran is trying to demonstrate that it has a capability to disrupt life in the West,” said Roger Cressey, senior vice president at security consultancy Booz Allen Hamilton. “Its argument is: ‘Whatever you in the West may do to us, know that it will not be a pain-free operation.'”

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