North Dakota’s oil output fell in December for the first time in three months, as producers reined in their wells and drilled less in a reaction to the plunge in crude prices.
Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.
The global oil trade is a “contrived market” not subject to the usual laws of supply and demand, and the United States has an “absolute requirement” to use alternatives if it hopes to wean itself off imported oil, former Shell Oil president John Hofmeister said during the keynote speech at the National Ethanol Conference. Read more →
Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported.
Green power is cheap enough to compete with fossil fuels and will buck the trend of falling investment in oil and gas as it can offer long-term returns sheltered from political risk, investors and industry analysts say.
SEMA announced a pending EPA rule that, in the interest of reducing greenhouse gas emissions, would “prohibit conversion of vehicles originally designed for on-road use into racecars” and “make the sale of certain products for use on such vehicles illegal,” in their words. Naturally, this sparked a wildfire of controversy in the tuning and racing communities.
Oil futures rebounded Thursday afternoon after The Wall Street Journal reported OPEC members might be ready to cooperate on a cut, citing UAE Energy Minister Suhail bin Mohammed al-Mazrouei.
Our Mission: Fuel Freedom Foundation is working to reduce the cost of driving your existing car or truck by opening the market to cheaper, cleaner, American-made fuel choices at the pump.
North Dakota oil production dips as low prices weigh
North Dakota’s oil output fell in December for the first time in three months, as producers reined in their wells and drilled less in a reaction to the plunge in crude prices.
Drive a Volt and you’ll never go back
/in Economy, Over a Barrel Blog ntaft, staff /by Fuel Freedom Staff14 dollars and 81 cents.
That’s how much I’ve spent on gasoline since I leased a 2016 Chevy Volt near the end of November. Read more →
Oil rout to spark U.S. ethanol consolidation, producer says
The cheapest crude oil prices in 12 years could spark a wave of ethanol industry mergers in 2016, Green Plains Inc., a producer of the biofuel, says.
If you can’t afford a Tesla, now your kid can — at $499
For people who dream of of owning a Tesla electric sedan, but can’t afford the real thing comes the kiddie version.
Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade
Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.
Hofmeister: U.S. must not be victimized by ‘contrived’ oil market
/in Economy, FFF in the News, Media, Over a Barrel Blog lhall /by Landon HallThe global oil trade is a “contrived market” not subject to the usual laws of supply and demand, and the United States has an “absolute requirement” to use alternatives if it hopes to wean itself off imported oil, former Shell Oil president John Hofmeister said during the keynote speech at the National Ethanol Conference. Read more →
Iran says it shipped first oil shipments to Europe since reaching nuclear deal
Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported.
Sheltered from biggest risks, green fuel to ride out oil crash
Green power is cheap enough to compete with fossil fuels and will buck the trend of falling investment in oil and gas as it can offer long-term returns sheltered from political risk, investors and industry analysts say.
The EPA’s crackdown on race cars, explained
SEMA announced a pending EPA rule that, in the interest of reducing greenhouse gas emissions, would “prohibit conversion of vehicles originally designed for on-road use into racecars” and “make the sale of certain products for use on such vehicles illegal,” in their words. Naturally, this sparked a wildfire of controversy in the tuning and racing communities.
Oil futures bounce on report of OPEC cut
Oil futures rebounded Thursday afternoon after The Wall Street Journal reported OPEC members might be ready to cooperate on a cut, citing UAE Energy Minister Suhail bin Mohammed al-Mazrouei.