While the OPEC+ agreement to cut crude oil production and the U.S. reaction to it dominate headlines, a much more immediate crisis is getting worse by the day. Global diesel and other distillate fuel stocks have been on the decline for a while now, and there is no reversal of this trend in sight. Demand, …
Continue reading “Heating Oil/Diesel Crisis Deepens As Inventories Fall To Dangerous Levels”
After a relentless four-week climb, U.S. national average gas prices have declined, falling 5.4 cents from a week ago to $3.86 per gallon on Monday. Still, the national average is still 20.6 cents higher from a month ago and a good 56.6 cents per gallon higher than a year ago. But while prices at the …
Continue reading “Gasoline Prices See Abrupt Decline As U.S. Diesel Prices Continue To Rise”
https://youtu.be/w-YRhUBgHZk White House ‘plans to release another 15 MILLION barrels of oil’ from the US’s emergency stockpile this week in a bid to balance markets and crack down on rocketing gas prices right before midterm President Biden is planning to release up to 15 million barrels of oil from the United States’ emergency oil reserves …
PM Truss has set back the women’s movement.. What a fucking IDIOT! Soon she will be history British electricity and gas utility company National Grid PLC warned on Monday about potential blackouts the public might face between 4:00 pm and 7:00 pm on “really, really cold” days in January and February if the country fails …
Don’t expect US shale producers to ride to the rescue as the world clamors for more oil, according to Energy Aspects. Oil output from shale basins is at risk of peaking in just two years as drillers combat rising costs, analysts including Amrita Sen wrote in a note to clients dated Tuesday. Rampant inflation is …
Continue reading “Shale Output at Risk of Peaking in 2024, Energy Aspects Says”
The JPMorgan chief executive officer said of the largest US bank said his “gut” tells him that the Fed funds rate will probably have to rise higher than the 4% to 4.5% level many economists are predicting, as inflation persists. Dimon said he has “total faith and trust” in Fed Chair Jay Powell, and that …
Continue reading “Jamie Dimon Says Oil And Gas Is The Only Way To Protect America”
The kingdom of Saudi Arabia says the decision by the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, to cut output quota by 2 million bpd, was taken unanimously and not by its influence. Last week, OPEC+ had agreed to a deep cut global oil production. The move has since raised worries …
Continue reading “OPEC chief defends 2M bpd output cut decision”
Oct 17 (Reuters) – Oil prices rose on Monday after China rolled over liquidity measures to help its pandemic-hit economy, igniting hopes for a better fuel demand outlook from the world’s top crude importer. Brent crude futures rose 66 cents, or 0.7%, to $92.29 a barrel by 0430 GMT, recovering from a 6.4% fall last …
Gazprom CEO Miller: Large section of Nord Stream needs to be replaced Russia has said that the explosions on the Nord Stream pipelines and the leaks that followed were the result of a “terrorist act,”. Nord Stream 2 was never put into operation after Germany axed the certification process following the Russian invasion of Ukraine. …
As i rotate my eclectic cars to charge on my solar panels and service my heat pumps i can’t help but think about the insanity of our times. Its funny to drive by the long lines at the gas stations and drive for free on my 4 battery cars. Which are 2013 Renault Fluence ZE …
Continue reading “Better prepare… It’s going to be a long cold energy crises winter”