Gasoline futures have soared 19% over the past two months as traders seem to be betting that prices of gasoline and diesel will continue to rise. Pump prices typically lag behind the futures market by several weeks.
Post Tagged with: "oil imports"
August 24, 2012 06:27
Romney Plan Would Make America An Energy Superpower
Astonishingly, these opportunities for energy independence have been ignored for windmills and solar energy, even as a new energy revolution unfolds. – IBD
August 14, 2012 05:19
America’s Energy Bonanza = Millions of Jobs
America’s ongoing energy revolution is one of the real bright spots in an otherwise sub-par economic expansion, and provides one of the best reasons to be bullish about America’s future.
August 2, 2012 06:58
Obama lets cheap oil go to China to pander to radical base
While Obama desperately tries to hide his record on the economy and kowtows to fringe activists, China continues its pursuit of a contract with Canada for Keystone pipeline oil.
July 26, 2012 09:08
Let My People Drill! New Study Shows Mideast Oil Might Not Be Needed by 2025
North Dakota’s oil production has exploded in the past decade with improved horizontal drilling techniques into the Bakken shale and the Three Forks formation below it.
May 30, 2012 05:12
Center of Gravity in Oil World Shifts to Americas; It’s the “Equivalent of a Category 5 Hurricane”
From Canada to Colombia to Brazil, oil and gas production in the Western Hemisphere is booming, with the United States emerging less dependent on supplies from an unstable Middle East.
May 23, 2012 09:46
States That Have Recovered Jobs the Fastest Have Booming Energy Sectors
Energy is responsible for these states’ job recoveries “to a very large degree,” says Jim Diffley, senior director of U.S. regional services at IHS Global Insight. “In North Dakota and Alaska, the energy sector is predominately very much the single most important factor.”
April 18, 2012 07:54
Are Oil Embargoes Hurting Iran or the US? Obama Blames Oil Manipulators; Who are the Real Manipulators?
Iran is on a course for its third largest oil-related earnings ever. Thus, the primary beneficiary of high oil prices is Iran. Rather than blame himself for the absurdity of the situation, president Obama blames oil speculators.
April 15, 2012 14:42
“Greenbacks” energy boondoggles versus real energy
Wind, solar, algae and switchgrass companies take billions in Other People’s Money. They pay virtually no taxes, and provide virtually no usable energy, except in the minds and press releases of their promoters.
April 5, 2012 04:03
Obama caught in oily energy lies
Supply matters. Even Obama and the anti-drilling Democrats have acknowledged that increasing supply brings down prices. But they don’t want the economic boost and jobs from more drilling to happen in America. Obama and the Dems have asked Saudi Arabia and Brazil to increase supply to help bring down prices but continue to lie about increasing supplies at home.
