Tag Archives: Oil

Simple commentary. Just started to receive information on increases. Gasoline is a no brainer. We drive a fuel efficient vehicle and do five over as opposed to what others do. It is interesting to hear the complaints. Thirty-gallon gasoline tank plus fast driving and you are getting into some serious money. You can only tell them if they will listen. Most will not and get belligerent. Saudi Arabia and Russia have agreed to extend their voluntary...

Basically, a story about big oil selling prosperity to a country by having their cricket team televised on TV and building a new stadium to be completed by 2025. Exxon and their partners were busy telling the story of fossil fuels as the solution to poverty. This story told as more and more Global North countries pass laws regulating emissions or incentivizing a shift away from fossil fuels. Their message is simple: Having your own fossil fuel...

Basically, a story about big oil selling prosperity to a country by having their cricket team televised on TV and building a new stadium to be completed by 2025. Exxon and their partners were busy telling the story of fossil fuels as the solution to poverty. This story told as more and more Global North countries pass laws regulating emissions or incentivizing a shift away from fossil fuels. Their message is simple: Having your own fossil fuel...

Interesting article about local communities beginning to sue energy companies because of climate change and the mischaracterization of how oil products impact the nations climate. Down in Phoenix, we are seeing temperatures approaching the one hundred and teens. No relief is in sight for a couple of weeks. The same can be said for other parts of the country. The intriguing part is how the industry and advertisers are going about with messaging of...

The Exxon Tiger Rampant, Bad Crow Review, Weldon Berger Links are at the end, doing linky stuff. _________________________________________________________________ “confidence is high in the oil and gas world” __________________________________________________________________ And why not? Record profits, massive new drilling projects in delicate environs, a presidential pronouncement validating decades more of fossil fuel burning and...

– Sandwichman @ Econospeak The Unbearable Tightness of Peaking Sandwichman came across a fascinating and disconcerting new dissertation, titled “Carbon Purgatory: The Dysfunctional Political Economy of Oil During the Renewable Energy Transition” by Gabe Eckhouse. An adaptation of one of the chapters, dealing with fracking, was published in Geoforum in 2021 As some of you may know, the specter of Peak Oil was allegedly “vanquished” by the...

US to purchase more oil to replenish the Strategic Petroleum Reserve (SPR). DOE Announces Repurchase of Oil for the Strategic Petroleum Reserve, Department of Energy, DOE. The U.S. Department of Energy’s (DOE) Office of Petroleum Reserves, December 16 announced that it will start repurchasing crude oil for the Strategic Petroleum Reserve (SPR). This repurchase is an opportunity to secure a good deal for American taxpayers by repurchasing oil...

RJS: Focus on Fracking ________ Summary: US oil supplies at an 18 year low, SPR at a 36 year low, total oil + oil products supply at a 13½ year low. _________ Detail: The Latest US Oil Supply and Disposition Data from the EIA  Sidenote: The US oil data reported this week by the US Energy Information Administration includes updated data for the week ending June 17th, which should have been published last week but wasn’t due to a...

It has been a while since I have listed news articles. Healthcare, Oil, and SCOTUS topics are dominating news today. Colorado is kicking of a Public Option. If successful, it will greatly benefit citizens there. Oil and gasoline are big issues. When taking into consideration inflation, the price today of a gallon of gasoline is less than in 2008. If you were to drive the speed limit, you would help create inventory which lowers pricing. Catch...

Summary: US oil supplies at a 17½ year low. SPR at a 35 year low after the SPR largest withdrawal on record. Gasoline supplies at a 6-month low. ~~~~~~~~ The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending June 10th show that after a big increase in our oil imports, another big oil withdrawal from the SPR, and an increase in oil supplies not accounted...