Tag Archives: celebration

Our government is now getting its science news from science-denying Breitbart.

For the first time in eight years, OPEC — you know, that cartel of 14 oil-rich countries like Saudi Arabia, Iran, and Venezuela — made a deal to curb production starting in January.

It’s partially a response to the worldwide glut of oil that has battered crude prices over recent years. OPEC’s profits from oil exports have plunged from a record $920 billion in 2012 to $341 billion this year. This puts countries that depend on oil exports (looking at you, Venezuela) between a shale rock and a hard place.

To push prices back up, OPEC members agreed to slash production, leading to an 8 percent spike in crude prices on Wednesday. Investors raced to buy shares of U.S. shale oil companies. Continental Resources  — founded by Harold Hamm, Trump’s energy advisor — jumped 25 percent after the announcement. Whiting Petroleum soared 32 percent, its biggest one-day jump in 13 years.

This celebration is sure to lead to a hangover. For one, OPEC countries have a hard time sticking to their agreements. And experts predict a long century of decline for oil as demand peaks in the next decade. Of course, those estimates assume countries will keep their pledges to combat climate change.

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Our government is now getting its science news from science-denying Breitbart.

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OPEC agrees to cut 1.2 million barrels a day, pleasing U.S. oil companies.

For the first time in eight years, OPEC — you know, that cartel of 14 oil-rich countries like Saudi Arabia, Iran, and Venezuela — made a deal to curb production starting in January.

It’s partially a response to the worldwide glut of oil that has battered crude prices over recent years. OPEC’s profits from oil exports have plunged from a record $920 billion in 2012 to $341 billion this year. This puts countries that depend on oil exports (looking at you, Venezuela) between a shale rock and a hard place.

To push prices back up, OPEC members agreed to slash production, leading to an 8 percent spike in crude prices on Wednesday. Investors raced to buy shares of U.S. shale oil companies. Continental Resources  — founded by Harold Hamm, Trump’s energy advisor — jumped 25 percent after the announcement. Whiting Petroleum soared 32 percent, its biggest one-day jump in 13 years.

This celebration is sure to lead to a hangover. For one, OPEC countries have a hard time sticking to their agreements. And experts predict a long century of decline for oil as demand peaks in the next decade. Of course, those estimates assume countries will keep their pledges to combat climate change.

Jump to original: 

OPEC agrees to cut 1.2 million barrels a day, pleasing U.S. oil companies.

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Here Are Some Photos of Rep. John Lewis Holding Some Adorable Puppies

Mother Jones

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Shortly after commemorating the 50th anniversary of the landmark Voting Rights Act on Thursday, Rep. John Lewis stopped by the ASPCA’s Paws for Celebration event on Capitol Hill to meet some adorable puppies. Fortunately for the rest of us, cameras were present:

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It was good to spend a little time with the wonderful puppies that the ASPCA brought to Capitol Hill.

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That’s right. It doesn’t get much better than everyone’s favorite congressman and iconic civil rights leader holding puppies.

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Here Are Some Photos of Rep. John Lewis Holding Some Adorable Puppies

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