Experts: It’ll take much more than low oil prices to hurt ISIS
Oil prices have now fallen below $35 for the first time since 2007, but experts say low oil prices may serve the terrorist network’s goals.
Oil prices have now fallen below $35 for the first time since 2007, but experts say low oil prices may serve the terrorist network’s goals.
An analysis of model-year 2016 warranty statements and owner’s manuals shows that auto manufacturers explicitly approve E15 use in more than 70 percent of new vehicles. This is up from 2015, when just over 60 percent of MY 2015 automobiles were clearly approved for E15.
The upshot is that low oil prices aren’t something to celebrate. Over time, long investment horizons tend to generate boom and bust cycles in oil production and prices. But if prices remain low for too long, that will hurt efforts to address climate change, especially in the U.S., where citizens largely oppose raising oil taxes.
Some of the most respected investors around are sounding dire warnings on the implications of low oil prices for the energy industry.
Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply looked set to outpace tepid demand again next year.
The hard question to answer however and one that nobody has gotten right in a very long time is: When will prices find a floor and start to trend up again?
Natural gas is abundant and cheap in the United States, and we should be using more of it for our transportation needs, Fuel Freedom co-founder and chairman Yossie Hollander said on Fox News’s “America’s Newsroom” on Friday. “Everybody talks about the oil and gas industry, but we’re using only the oil,” he said.
Goldman Sachs sees further weakness for oil due to the worsening of already weak fundamentals after OPEC held back from cutting production at its recent meeting.
U.S. oil prices may fall into the $20s if tanks used to store crude start to fill up before producers sufficiently curb output, Citigroup Inc. predicted.
It’s an ill wind that doesn’t blow somebody some good, and it’s an ill pollution day that doesn’t have an upside somewhere.