Seven score and twelve years after Abraham Lincoln delivered the Gettysburg Address, and the crude complex is examining its own principles: those of supply and demand. Given the current lack of equality betwixt the two, crude prices are heading lower once again, dipping below $40 for a second consecutive day. US and Canadian production provide […]
The Alaska Dispatch News reports that when production begins in 2018 at the filed in the National Petroleum Reserve-Alaska — an Indiana-sized Arctic reserve — the project is expected to yield 30,000 barrels of oil daily at its peak.
One of the reasons President Obama felt free to reject Keystone XL is today’s low oil prices, which are likely to continue for some time because demand is weak and supply abundant. Environmentalists cheered his action as a major boost to the up coming climate talks in Paris. They like the decision but not the […]
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