article thumbnail

Oil Prices Running Out Of Reasons To Rally

Green Car Congress

Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in US shale production. Aside from a single week in October, the US oil industry has deployed more rigs in every week dating back to June, a remarkable run that has resulted in more than 200 fresh rigs drilling for oil.

article thumbnail

Opinion: Blaming Rising Fuel Prices on High Temps is Dumb

The Truth About Cars

However, heat can also complicate maintenance efforts at refineries and slow down the overall process. It’s a lot like when you have to explain why you’re late to a social event. & Oil prices spiked dramatically following the 2020 presidential election. Uh, let’s say that the weather is just getting too darn hot.&

Price 82