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Report: US Gas Prices Could Double Soon, Amid Potential Supply Shortage
Report: US Gas Prices Could Double Soon, Amid Potential Supply Shortage Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, 2022 in Washington, DC. (Photo by Win McNamee/Getty Images) Some gas stations across the country are already bracing for the Next Big Thing involving surging fuel prices, namely the […]
There might not be enough electricity to go around this summer in Michigan. That could require planned outages
There might not be enough electricity to go around this summer in Michigan. That could require planned outages Creative Commons / Https://Creativecommons.Org/Publicdomain/Zero/1.0/Deed.En The power grid operator for Michigan and 14 other states says there may not be enough electricity to go around this summer, especially in northern states. That increases the risk of planned power […]
Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business
Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business As of Monday, gasoline cost $4.491 per gallon, per the US Energy Information Administration.Johner Images/Getty Images A logging business in North Carolina is shutting down over accelerating inflation and soaring gas prices. “I haven’t talked to a logger in the […]
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns As we detailed yesterday, almost two months after Europe rushed to declare it would impose unprecedented sanctions on Russia in response to Putin’s invasion of Ukraine with no regard for how such sanctions would boomerang and cripple its own economies, the old continent which […]
US Gasoline Prices Hit New Record Amid Refinery Bottlenecks And Tight Supplies
US Gasoline Prices Hit New Record Amid Refinery Bottlenecks And Tight Supplies US retail gasoline prices soared to another record on Monday as global refineries struggled with adding new capacity ahead of the driving season. Before diving into Goldman Sachs’ new commodity note explaining how global refining will be tight for the foreseeable future, last week, […]
Just a hint from the mainstream that limits precipitate rising oil prices
Just a hint from the mainstream that limits precipitate rising oil prices Last week a Bloomberg writer at the very end of an article explained that the “only solution” to high gasoline and diesel prices is recession. While I would not accuse the writer of advocating degrowth—this would be too radical for a mainstream business publication—his […]
European Natural Gas Prices To Triple In “Perfect Storm”
European Natural Gas Prices To Triple In “Perfect Storm” A top commodity research firm in Norway warns a “perfect storm” is brewing as European energy security worsens following Russia’s invasion of Ukraine, which could result in the tripling of natural gas prices. “There simply is not enough LNG around to meet demand. In the short term, […]
Texas Power Grid Warns Of Record Demand Amid Back-To-Back Triple-Digit Heatwaves
Texas Power Grid Warns Of Record Demand Amid Back-To-Back Triple-Digit Heatwaves An early summer heatwave pattern continues to boil parts of the Central and Southern Plains. This means parts of Texas will continue to roast with temperatures forecasted to reach triple digits next week. The Electric Reliability Council of Texas (ERCOT), the state’s power grid […]
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset. The average price of all grades of gasoline at the pump spiked to a record $4.33 per gallon on Monday, May 9, the third week in […]
It’s the End of the World’s Fair as We Know It: Why Technology Won’t Save Us (Episode 55 of Crazy Town)
It’s the End of the World’s Fair as We Know It: Why Technology Won’t Save Us (Episode 55 of Crazy Town) Back in the day, the World’s Fair was a global showcase of innovation and a peerless cultural event where visitors envisioned a neon future filled with technological wonders. These international expos featured miracle inventions […]
“Diesel To Be Rationed On East Coast This Summer,” Warns US Oil Billionaire
“Diesel To Be Rationed On East Coast This Summer,” Warns US Oil Billionaire Billionaire refinery and fuel station owner John Catsimatidis warned that the East Coast might experience diesel shortages this summer as inventories hit multi-decade lows and refining capacity slumps. “I wouldn’t be surprised to see diesel being rationed on the East Coast this summer. […]
Major Trucking Firms Prepare For “Imminent Diesel Shortage In Eastern Half Of US”
Major Trucking Firms Prepare For “Imminent Diesel Shortage In Eastern Half Of US” Major trucking fleets across the eastern half of the US are preparing for an “imminent” diesel shortage, according to logistics firm FreightWaves. Founder and CEO of FreightWaves Craig Fuller said “3 very large fleets” are preparing for diesel pumps at fuel stations to run […]
The Status of U.S. Oil Production
The Status of U.S. Oil Production After the price of oil collapsed in April of 2020, U.S. oil producers reduced drilling new wells and completing drilled wells, which contributed to a production declined to 11.28 mb/d on an annual basis in 2020. Beyond the pandemic problems endured by oil producers, there were depletion problems as […]
