The oil rally looks doomed, in five charts
Even as prices rise for oil contracts that will be settled in the next few months, the price of oil is actually falling when delivery won’t take place for years.
Even as prices rise for oil contracts that will be settled in the next few months, the price of oil is actually falling when delivery won’t take place for years.
Natural gas prices plunged to their lowest point in nearly three years as weather updates suggest this spring could bring some of the weakest demand in more than a decade.
Nevada businessmen, Charlie Good, and cattleman Bill Couser, were among thsoe who attended the American Coalition for Ethanol Fly-in in Washington, D.C., last month as part of the effort by fuel retailers who have found themselves in a battle with big oil to offer higher ethanol blends.
A growing number of the world’s wealthiest people, From both ends of the political spectrum, are banding together to bet on new technologies that could displace fossil fuels. The one thing they have in common? They believe it will make them a lot of money.
After problems at three California refineries spooked the state’s oil market, gas prices have jumped as much as 20-cents a gallon — and they could go up another dime or more in the coming days.
The average price of regular-grade gasoline in the United States rose about 5 percent in the past two weeks to $2.58 a gallon, according to the Lundberg survey released Sunday.
Oil prices diverged on Friday, with Brent hitting 4-1/2-month highs on continued fighting in Yemen as U.S. crude fell on concerns of another upcoming stock build, though both benchmarks headed toward weekly gains.
The U.S. drilling rig count fell 22 units to 932 rigs working during the week ended Apr. 24, marking the 20th consecutive week of declines, according to data from Baker Hughes Inc.
PUMP could have taken Friday off, or ditched class early and headed straight for the beer garden. But there’s still work to do.
The documentary is heading to campus for a pair of Friday-night screenings: at the University of Houston and at Humboldt State University in Arcata, California. On Monday the film will be shown at UC Irvine.
PUMP actually was released in theaters last fall, to great reviews and audience response, but it’s getting a second wind: On Friday it hits the big screen at Kingsway Movies in Toronto. And of course, there’s Netflix and DVD if you want to watch PUMP in the privacy of your home with the beverage of your choice (Check out Marc Rauch’s recipe for an America Libre made with corn whiskey).
Here are the details on the upcoming university screenings. And yes, this will be on the final:
Humboldt: 5 p.m. PDT Friday, Downstairs at the Campus Center for Appropriate Technology, 1 Harpst St., Arcata. Host: PowerSave and CCAT.
U. of Houston: 5:30 p.m. CDT Friday, Cemo Hall Auditorium, 4800 Calhoun Rd. Host: Energy Department. Q&A with Fuel Freedom board advisor and former Shell Oil president John Hofmeister afterward.
UCI: 6 p.m. PDT Monday, Steinhaus Hall, Room 134. Host: Climatepedia.
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