American oil executives have spent months warning that a prolonged disruption of the Strait of Hormuz would eventually produce a fuel crisis rather than a simple crude shortage. They now say that moment has arrived. Commercial inventories of gasoline, diesel, and jet fuel have been drawn down for more than six months. Strategic crude reserves […]
Continue ReadingEnergy Security starts at home, and Energy Dominance starts with exporting services and energy. We are seeing the world start to wake up to energy security. The levels of natural gas supply vs. imports is a real question for planners. The question is: why take down perfectly good coal plants when China and India will […]
Continue ReadingIn a move that could reshape the global energy landscape, Russian oil giant Lukoil has agreed to sell its vast international assets to Swiss-based commodity trader Gunvor Group, led by Swedish billionaire Torbjörn Törnqvist. The deal, valued at up to $20 billion, comes in direct response to fresh U.S. sanctions imposed by the Trump administration […]
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