According to a survey by the Federal Reserve Bank of Dallas, the cost of profitably drilling a shale oil well in the US has fallen to a modern low of $50 per barrel, likely ensuring the growth of the onshore shale industry for years to come. The decrease reflects many factors including softer demand from […]
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The Keystone XL Project is a proposed 36-inch-diameter crude oil pipeline, beginning in Hardisty, Alberta, and extending south to Steele City, Nebraska. The $8 billion line would carry up to 830,000 barrels (35 million gallons) of crude daily from Canada to Nebraska.
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Well, here we are again, another year, another kickoff to summer and the beginning to millions of traveling vacationers heading out the door!
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Big Oil vs. Big Corn – commonly discussed as though they are competing against one another for their greater interests and though this is certainly true, they are very dependent on one another both directly and indirectly. Farmers produce crops, in particular corn & soybean, with a large portion sold to refiners and used in […]
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This evening the world’s largest ride hailing giant, Uber will price its initial public offering just ahead of its Friday trading debut. Analysts predict the valuation of the IPO will be between $80.5 billion to $91.5 billion. Uber has stated there will be 1,676,959,021 shares outstanding after the IPO which would suggest a price range […]
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On April 10th, we had warned the spring price rally along with summer gas specification changes were upon us and soon retail gasoline prices would breach the $3.00 mark. Looking at GasBuddy, retail gas prices today across Pennsylvania $3.00 plus prices are now the norm. Pittsburgh with RFG gasoline leads the state with an average […]
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It has been a wild Monday for traders after President Trump tweeted yesterday that the United States will increase tariffs on $200 billion of Chinese imports, which, is casting doubt on the likelihood of a successful U.S. and Chinese trade deal.
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On May 2nd, the United States’ waiver period that granted eight nations to continue importing Iranian oil without penalty has ended. The countries who granted extensions that ended are China, India, Turkey, Greece, Italy, Japan, South Korea and Taiwan. As of today, only Italy, Taiwan and Greece have halted their purchases of Iranian produced oil. The […]
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Background:
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