Cheap oil buoys consumers, shakes up global governments
Cheap oil will be sticking around for a while. That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others.
Archive for month: February, 2016
Fuel Freedom’s 12 most popular posts of 2015
2015 was a busy year. From the world reaching a monumental climate agreement in Paris, to Russia becoming embroiled in the Syrian civil war, to one of the world’s largest automakers being caught cheating on their emission testing, there was no shortage of groundbreaking events. Read more →
Stranded Santa Barbara oil — all 17 million gallons of it — about to start moving by truck
Exxon Mobil Corp. won approval Monday for its plan to use trucks to move more than 17 million gallons of oil stranded in storage tanks after a California pipeline break in May, despite concerns from an environmental group that highway safety could be jeopardized.
IMF chief: Troubled oil countries keep me up at night
The head of the International Monetary Fund said “quite a few countries” are keeping her awake lately, but at the top of the list are low-income nations that rely heavily on exporting oil.
Climate change denier claims (Heh) that 2015 wasn’t (Ha) the hottest year on record (HAHAHAHA!)
As the denial never seems to cease, I think they’re not only short on credibility, they’re also just short on ways to sell their snake oil. Their ideas get weirder and less believable every time they speak.
Volkswagen faces Tuesday deadline for SUV emission repair plan
VW must submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected.
Harold Hamm expects $60 oil, says America will double output again
At times like this it helps to turn to a reliable bull. So last week I paid a visit to Harold Hamm at the Oklahoma City headquarters of his Continental Resources.
How the structure of global oil markets fuels authoritarianism and war
Almost every day, even if you don’t own a car, you probably buy something made from oil. Usually we don’t think about where that money goes — because the answer, at least some of the time, is that it ends up lining the pockets of some of the world’s deadliest people.
In the ethanol wars, both sides are wrong
The Iowa primary has put into play one of the more obscure issues in the political life of the nation — ethanol, of all things.
Oil falls on China data and fading prospects of OPEC action
Oil fell nearly four percent on Monday as weak economic data from China, the world’s largest energy consumer, weighed on prices and an OPEC source played down talk of an emergency meeting to stem the decline.
