It’s pretty clear that we’re going to see some sort of military action against Iran’s nuclear infrastructure, either by Israel, the United States or even NATO. Recent words from Israeli policymakers, U.S. military action and even signals from the markets made that abundantly clear.
Post Tagged with: "oil prices"
Keystone XL Pipeline: Economics, Idealism and Politics
So this otherwise mundane pipeline project is now a hotly debated sticking point between idealism, politics and economics. Welcome to Washington politics, and this is one reason the nation is practically broke.
Desperate Middle East Regimes
The fact that a new U.S. oil refinery has not been built since the 1970s is testimony to a massive national failure to anticipate and prepare what is occurring in the Middle East. We are a decade or more behind the curve.
America’s Energy Future is Bright, If Government Doesn’t Shut It Down
America does not have to act like an energy-poor nation. We import half our oil because of the political decisions we make, not because we lack abundant oil resources.
Who Controls the Price of Oil?
“Liberals believe that supplies should be rationed through deliberate higher prices in order to protect the planet”
Countdown to $100 oil – a date with history?
On two past occasions, the average annual oil price has hit $100 per barrel and this has been followed by recession. At time of writing (7th July) the annual average for Brent was $95.4, on course to breach $100 some time in September. Will history repeat itself? Or has the global economy grown immune to high energy prices?
Campaign rhetoric vs oil action – Obama’s doublespeak
[I]t is important to differentiate between what Barack Obama is saying to get re-elected, and what his administration is doing.
Slow Relief at the Pump As Gasoline Decouples From Crude Oil
For RBOB gasoline, the $3.00 support should hold through August, but after the driving season ends, and if it breaks $3.00 a gallon, the next support level would be around $2.80 levels.
Still No Economic Recovery In California — And Oil Prices Threaten A Double Dip
The mythology of an economic recovery in the United States faces no lack of challenge, from the facts. However, that the country’s largest state (and economy) remains in a fiscal emergency, indebted to Washington for billions in unemployment costs, with no jobs growth, should be a cautionary tale to those who insist a national recovery is underway, or is sustainable.
Oil, Gold Climb on Libya Fighting; Greek Debt Risk Increases
Oil rose to a 29-month high while gold increased to within a $1 of a record as fighting in Libya intensified. Greek default risk climbed after Moody’s Investors Service cut the nation’s credit rating.