President Biden banned imported oil and other energy sources from Russia to punish the country as it intensified its military campaign in Ukraine, a move that will add pressure to already record U.S. gasoline prices […]
In my article earlier this week we covered more of the world’s geopolitical impact on the high oil and gas prices. If Russia invades, the pricing model supports $120 to $135 in the short run and […]
There are some things that don’t add up in the world, like the knee-jerk reaction to Omicron, how your wife and kids figured out inflation and asked for more money, and the non-decision of OPEC […]
The OPEC+ meeting that began on Dec. 1 is still technically “in session” 11 days later. Remarkably, perhaps, it’s still short of being the oil producer group’s longest gathering — it has another week to go to beat the one held […]
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update The average price that consumers paid at the pump for U.S. regular gasoline on the Monday before Thanksgiving this year was $3.40 per gallon (gal). This price […]
Eleven U.S. Senate Democrats have called on President Joe Biden to do something about rising gas prices while also expressing support for policies that energy industry says are contributing to seven-year high costs at the […]
ENB Publishers Note: Using the strategic reserves won’t help a thing. This problem has been caused by 20 years of bad energy policies. That is like a term band-aid that is put on a wet […]
Source: CNBC Oil and natural gas prices have leaped globally in the last three months. Former U.S. Secretary of Energy Rick Perry said $100 oil within next six months is possible. “The potential for disaster […]
U.K. drivers head into a second working week of fuel shortages, with the threat of higher prices adding to pressure as the government deploys army personnel to ease the crunch. The Royal Automobile Club warned […]
U.S. oil demand continues its upward trajectory—reaching a record high last week–while product inventories have fallen to the lowest levels in three years. If the demand trend holds, oil prices have room to rise even […]
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