Category Archives: Fossil Fuels


As diplomats convene at the United Nations’ COP 28 climate change summit, fossil fuel production and consumption are hitting new highs, and tanker owners are in prime position to profit from rising trade flows.

The Biden administration is a leading proponent of decarbonization, and wants to kill the US economic growth, yet the U.S. is pumping out record volumes of hydrocarbons thanks in great part to fracking to extract oil from rock!. America is on track to be the world’s largest producer and exporter of natural gas this year, as well as the leading exporter of refined products and liquefied petroleum gas.

  • There are also big wins — for energy producers and shipowners, not decarbonization advocates — on the crude oil front. The Biden administration is a leading proponent of decarbonization, yet the U.S. is pumping out record volumes of hydrocarbons.
  • The U.S. produced 13.2 million barrels per day (b/d) of crude oil in September.
  • Kepler: In January-November 2023, U.S. seaborne crude exports averaged 4million b/d, an all-time high and up 19% year on year.

The U.S. produced 13.2 million barrels per day (b/d) of crude oil in September, according to data released Thursday by the Energy Information Administration. That is the country’s highest monthly production level ever.

And not only is America producing more crude, it is exporting a larger share of the crude it produces, further boosting volumes aboard tankers bound for Europe and Asia.

Seaborne crude exports up 19% vs. 2022

Exports of U.S. crude were banned between 1975 and 2015. For 40 years, U.S. production could only be sold overseas if it was refined first, then exported as petroleum products.

The end of the ban dramatically increased market opportunities for U.S. production, thereby stimulating higher output — creating more business for oil companies and tanker owners.

That upward momentum continues. Seaborne crude exports are tracked by commodity intelligence provider Kpler. In January-November, its data shows that U.S. seaborne crude exports averaged 4 million b/d, an all-time high and up 19% year on year.

Exports in November averaged 4.45 million b/d, the second-highest monthly average on record, just slightly below the peak of 4.46 million bpd in March.

Volumes rise sharply to both Europe and Asia

The Panama Canal is wreaking havoc on many cargo supply chains, but it has virtually no effect on U.S. crude exports.

U.S. crude exports to Asia are loaded on very large crude carriers (VLCCs; tankers that carry 2 million barrels) via ship-to-ship transfers in the U.S. Gulf. VLCCs are too large to transit either the Panama or Suez canals; they use the Cape of Good Hope.

U.S. exports to Europe are shipped aboard Aframaxes (750,000-barrel capacity), Suezmaxes (1 million-barrel capacity) and VLCCs.

Since the invasion of Ukraine, Europe has hiked its purchases of U.S. crude to help offset banned Russian supply. According to Kpler data, an average of 1.83 million b/d of U.S. crude flowed to Europe in January-November, up 26% from the 2022 full-year average.

Europe’s share of total U.S. crude exports has risen to 46% this year compared to 37% in 2021, the year prior to the invasion, while Asia’s share is 41%, down from 47% in 2021.

“In volumetric terms, the story has been all about Europe this year,” Reid I’Anson, senior commodity analyst at Kpler, told FreightWaves. “Europe continues to grow increasingly reliant on U.S. energy — not just LNG [liquefied natural gas] but across the board.”

Despite the pull of Europe, U.S. crude exports to Asia have also continued to escalate. According to Kpler data, exports to Asia are averaging a record-high 1.65 million b/d year to date, up 15% from last year and up 26% from 2021.

Rising volumes to Asia translate into profitable business for VLCC owners. Brokerage True North Chartering counted 40 spot VLCC cargoes loading in the U.S. Gulf in both October and November, matching the prior monthly high in April.

It is totally nonsense to think that the world can operate all necessary industry and electrical, food production and machinery without OIL. Add to it all he other products that use OIL: packaging, road building asphalt, and thousands of applications in manufactured products we use daily.



COP28 ( the nonsensical meeting about Climate change)President: “No Science Behind Phase-Out of Fossil Fuels”.

The Cop28 president says there is “no science” behind demands to phase-out fossil fuels. UAE’s Sultan Al Jaber says phasing-out coal, oil, and gas would take the world “back into caves.”’


The president of Cop28, Sultan Al Jaber, has claimed there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C.

Al Jaber also said a phase-out of fossil fuels would not allow sustainable development “unless you want to take the world back into caves.”

That has the UN globalist totalitarian chief Antonio Guterres deeply concerned. The UN wants control, and Al Jaber is telling the truth.
The comments were “incredibly concerning” and “verging on climate denial,” scientists said, and they were at odds with the position of the UN secretary-general, Antonio Guterres ( a global idiot whose turn it was to be in that position).

The far-left Guardian called his comments “ill-tempered” to cast the pale upon him, and they mentioned his role in oil also to belittle his statements.

“Al Jaber made the comments in ill-tempered responses to questions from Mary Robinson, the chair of the Elders group and a former UN special envoy for climate change, during a live online event on 21 November. As well as running Cop28 in Dubai, Al Jaber is also the chief executive of the United Arab Emirates’ state oil company, Adnoc, which many observers see as a serious conflict of interest.”

To give you an idea of what went down, here is the exchange between Robinson and Al Jaber, which was followed by the totalitarian Guterres falsely claiming the science is settled.
Al Jaber spoke with Robinson at a She Changes Climate event. Robinson said: “We’re in an absolute crisis that is hurting women and children more than anyone … and it’s because we have not yet committed to phasing out fossil fuel. That is the one decision that Cop28 can take and in many ways, because you’re head of Adnoc, you could actually take it with more credibility.”

Al Jaber said: “I accepted to come to this meeting to have a sober and mature conversation. I’m not in any way signing up to any discussion that is alarmist. There is no science out there, or no scenario out there, that says that the phase-out of fossil fuel is what’s going to achieve 1.5C.”

This summit to which many attendees could not get to on their private places which were stick in snow!!! Included that clueless King Charles of England, who can not figure out that England led the industrial revolution due to its coal reserves as well as North Sea Oil.

Other morons at the summit included Al Gore, who predicted we would all die in heat waves hated the Sultan for speaking the truth! The Sultan headed the conference!

Just think out it…the loss of fossil fuel for most of the world would mean no ability to operate industrial machinery, harvest crops or plant them, as well as generate electricity and power all modes of transportation.

Is there nobody out there that can think this through this nonsense???