Tom Kirkman

Removing the Petrobras sole operator monopoly, scaling back the excessive local content requirements, and improving transparency has worked wonders for Brazil’s oil & gas.

The latest offshore auction was a record breaking success of $2.4 billion.
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“Aiming to create a more competitive, market-oriented auction…[Read more]

Brazil reaps reforms rewardsEfforts to recalibrate oil concession rules to be more market-friendly and open to foreign investment are starting to bear fruit

Easy to understand primer on the significance of the Petro-Yuan’s shot across the bow to the Petro-Dollar.
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“There was a monumental event that occurred on March 26 that came and went with little fanfare but has huge implications to our everyday life. On that day, China began trading Petroyuan Futures in competition to the…[Read more]

Why the Dollar’s Era of Dominance May Be Coming to an Abrupt EndThere was a monumental event that occurred on March 26 that came and went with little fanfare but has huge implications to our everyday life. On that day, China began trading Petroyuan Futures in competition to the Petrodollar Futures. To fully understand the context of this event, it helps to go ov

And so here is the PetroYuan’s *3rd* shot across the bow of the PetroDollar monopoly.

The first shot across the bow was the actual launching of the PetroYuan, after years of delays.

Then, less than a week after the launch of the PetroYuan, China made public its plans to pay for oil in Yuan instead of the U.S. Dollar.

Now, China is openly…[Read more]

‘Petroyuan’ to propel currency internationalization - Global TimesThe Shanghai debut of China’s first yuan-denominated crude futures trading market on Monday proved a great success, with major domestic and foreign traders displaying active interest. Total turnover amounted to 18.3 billion yuan ($2.9 billion) on the first trading day.

Western MSM should really be paying more attention to the PetroYuan. It will likely take years of many incremental steps by the Chinese government. And its global effects will likely be significant, and a game changer for the PetroDollar monopoly.
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“As the yuan progressively reaches full consolidation in trade…[Read more]

China taking the long road to solve the petro-yuan puzzleA number of pieces have to fall into place before the petrodollar moves into second place

So yesterday, China’s gold-backed PetroYuan went live.

Anyone paying attention to the impending disruption to the status quo?

This should have significant, long term repercussions.

All previous challenges to the PetroDollar monopoly were violently eliminated. Decimated.

Violent opposition against the gold-backed PetroYuan won’t happen,…[Read more]

The U.S. should butt out of EU energy policy.

The U.S. has no business threatening sanctions on EU companies that participate in the construction of a gas pipeline destined for distribution to the EU.

I’m a very strong supporter of oil & gas & LNG, and I fully support developing infrastructure and pipelines that support the hydrocarbon…[Read more]

US Threatens Sanctions For European Firms Participating In Russian Gas Pipeline Project"We've been clear that firm steps against the Russian energy export pipeline sector could – if they engage in that kind of business – they could expose themselves to sanctions under CAATSA."  

And so it *finally* begins … China’s slow, exceedingly deliberate and long term plan to challenge the PetroDollar monopoly with the PetroYuan.

Russia, Iran, Venezuela and a few other countries will probably cautiously climb on board.

But the key, deciding factor will be how Saudi Arabia responds.

The U.S. will of course try to sabatoge the…[Read more]

Will China’s New Oil Futures Flop? | OilPrice.comChina’s historic oil futures contract is set to launch this week, and while Beijing believes in its success, extreme price volatility could spoil the party

I support pipelines for transporting hydrocarbons, be it oil or natural gas. Once a pipeline infrastructure is completed, it has been shown that pipelines are the safest way to transport oil.

Yes, transporting natural gas in the form of LNG is probably safer than a natural gas pipeline. But it is also much more expensive.

Nord Stream 2 should…[Read more]

Attack Against Nord Stream 2 Renewed with Vigor: Whose Interests Does It Meet?Alex GORKA: Gas exports to Europe present exciting opportunities but supplies from Russia are cheaper and more reliable. So the US needs to get rid of the obstacle in its way — the Nord Stream 2 (NS2) pipeline, which will carry natural gas from Russia to Germany. Washington will do anything to achieve this cherished goal.