Unless there’s a breakthrough in battery technology, gasoline will remain the primary auto fuel in the U.S. for years. But our dependence on imported oil comes with a major risk of supply disruption. And the U.S. has a domestic…
With an oversupply of oil on the market and OPEC afraid that higher prices will impair the U.S. recovery and sap demand, the fundamentals point to an oil price drop in the near term. Yes, markets move on emotion, and fears abo…
As crude prices keep inching upward, the threat to both the U.S. and global economy is clear. While OPEC says don’t blame us, the Interational Energy Agencys says: “This is a wake-up call to the oil-consuming countries and to t…
Oil prices kept rising this weekend as a blizzard smacked into the Eastern Seaboard of the U.S. and as OPEC’s Arab ministers met in Cairo to discuss strategy. Their call is for production to stay at current levels, which will h…
Crude oil hit a six-month high Wednesday, and many forces are in place to drive prices even higher. Not least is demand from China, now the largest importer of oil.
Continue reading Oil Renews Its Assault on $9…