Today, oil prices dropped to $83 a barrel after the United States said it is actively considering waivers on the oil sanctions against Iran, potentially easing the current strain on supply and allowing Iranian oil exports to keep flowing.
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Dear Customers,
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October is here! As we begin the month, fall is in full swing with temperatures in the….80s?? As summer temperatures continue to linger on, we start to wonder about the winter forecast. While it is only a prediction, the National Oceanic and Atmospheric Administration (NOAA) is predicting a warm winter.
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The U.S. typically sees a drop in gasoline prices as demand begins to tail off at the end of the summer travel season. This year is breaking the trend with gasoline prices sitting at their highest for the season since 2014, due in large part to the global oil price rally. AAA reports that the […]
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One third of all food produced around the world gets discarded uneaten, and environmentalists, energy analysts and entrepreneurs are beginning to take notice. With the untapped potential for generating energy, researchers have begun to notice food waste as a way of powering vehicles. Waste-to-energy (WTE) is quickly becoming one of the fastest growing segments of […]
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Crude prices have been surging the last few weeks with the expected loss of Iranian supply beginning November 4th. With that, the U.S. has been ramping up pressure on OPEC to increase production in an attempt to lower oil prices.
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As of August 24th, the 713 mile long Rover pipeline was approved to become fully operational beginning September 1st from the supply lines in Burgettstown, Pa and Majorsville, WV.
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Auto makers have begun to produce Electronic vehicles or EV’s at a rapid pace in order to comply with Corporate Average Fuel Economy or CAFE standards. As of yesterday, another auto manufacturer has announced its 2019 entrant into the competitive EV landscape. Audi announced the global launch of their new electric sport utility vehicle, named […]
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Yesterday, oil prices rallied towards their highest levels this year after the Department of Energy (DOE) reported a weekly drop in US crude oil inventories. Also, the prospect of losing Iranian supply added to concerns over the delicate balance between consumption and production.
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