The agricultural sector from the United States to Russia, and Brazil to Europe, is seeing profits harmed by the rise in diesel prices. The global oil benchmark, Brent crude LCOc1, touched $80 a barrel for the first time since late 2014 on Thursday.
A sustained oil price shock where crude oil prices remain at peak levels would be significant.
There is a risk that oil prices could hit $100 per barrel next year for the first time since 2014, according to new research from Bank of America Merrill Lynch.
The Tesla Model 3 has been billed as Tesla’s mass-market, affordable electric sedan, but with a bunch of fancy options, the car can easily get into the high $70,000-range.
The Fuel Freedom adviser said the U.S. should brace itself against expected higher prices at the pump by using more resources for fuel we have at home. “Why should we have to worry about international oil when we have so much domestic energy in our own country?”
The leaders of the world’s biggest car companies are arriving at the White House on Friday, and it may be their last chance to stop the Trump administration from a head-on collision with California.
Fuel Freedom co-founder and chairman Yossie Hollander and board of directors member John Hofmeister appeared on Sean Hannity’s radio show on Wednesday, April 18, to promote domestically produced natural gas as a way to reduce our dependence on foreign oil.
The global deal to rein in oil output has removed “85 percent of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after the agreement ends, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
Indonesia has declared a state of emergency to help stop a deadly oil spill spreading off the coast of the island of Borneo.
Big oil is starting to think small.
