Green Car Congress
APRIL 1, 2022
In an effort to address the rapidly increasing cost of gasoline, President Biden authorized the release of 1 million barrels of oil per day for the next six months—more than 180 million barrels—from the Strategic Petroleum Reserve (SPR). Bush authorized a drawdown of 33.75 2005 Hurricane Katrina Sale.
Green Car Congress
DECEMBER 23, 2016
The IEA says that in the third quarter of 2016, the US shale industry became cash flow neutral for the first time ever. million barrels per day in the second quarter of 2015, the industry did not break even. That was enough to make the industry cash flow neutral for the first time in its history. That isn’t a typo.
Green Car Congress
JULY 11, 2016
million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. The decline in Venezuelan crude output accelerated further, with production falling 120,000 b/d in June to 2.15
Cars That Think
FEBRUARY 4, 2022
It was after midnight in the Maltese search-and-rescue zone of the Mediterranean when a rubber boat originating from Libya carrying dozens of migrants encountered a hulking cargo ship from Madeira and a European military aircraft. When I got to Libya, I didn’t have money,” Jacob says. Five more migrants died on the southward journey.
Green Car Congress
JUNE 23, 2016
Besides massive futures trading, the other factors affecting WTI include the value of the US dollar (it rises and WTI falls), OPEC production, world oil demand, North American and US storage, Iranian crude embargoes, and periodic and unplanned supply disruptions from everywhere from Libya to Nigeria to Fort McMurray.
The Truth About Cars
MAY 22, 2024
On Tuesday, the Biden administration announced plans to release one million barrels of gasoline from Northeastern reserves in an effort to stabilize rising fuel costs. The stated intent is to lower fuel costs for Americans as demand spikes over the next several months. Based on a release from the U.S. Central Time on May 28, 2024.
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