Posts Tagged ‘OPEC’

Environmentalists on both sides of the border are cheering the recent announcement from Washington and Ottawa that both the United States and Canada will soon simultaneously impose much tougher fuel-emission standards for car manufacturers. Any given vehicle producer’s combined fleet of cars and trucks must average 35 miles per gallon by 2016 (or 100 kilometers [...]

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What does $80-per-barrel oil say to you?
Three years ago, it would have told you that global oil markets were at record tightness. Back then, the US president was making a personal pilgrimage to Saudi Arabia to vainly plead for more production. And economists were worrying about the implications for global economic growth.
Today, it seems the [...]

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It’s Wednesday, and the week’s US oil inventories numbers will soon be out. I have no clue what they will say, nor much interest, either. But others do.
Exactly why oil traders and speculators think the data has anything to do with the state of world oil demand is beyond me. I suppose, like Pavlov’s dog, [...]

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Governor Arnold Schwarzenegger and his Midwestern colleagues had better think twice before banning carbon-dirty fuels such as the oil made from Canadian tar sands. If they don’t like the fuel Canada has to offer, their only other choice is to get off the road entirely.
Like it or not, synthetic oil from Alberta’s tar sands is [...]

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This is what you won’t be reading from the official press release following next week’s OPEC meeting in Angola.
Member states are guzzling tons of their own oil and have less and less stuff to export to you. Fortunately, since oil prices are almost four times higher than they were a decade ago, those states can [...]

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