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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

While DoD and the services will have access to the wholesale fuel supplies they require, the purchase price may be uncomfortably high. As fuel consumers, DoD and the services have only one effective option to deal with high petroleum prices: to reduce use of petroleum fuels overall. Could oil production peak before 2030?

Price 225
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Copper under pressure from climbing dollar – ET Auto

Baua Electric

Copper prices steadied on Tuesday as improving factory activity data from top consumer China and low Shanghai inventories countered selling pressure fuelled by a higher dollar. Prices of the metal used in the power and construction industries rose to five-month highs of USD 8,716 last week. A stronger U.S.

Auto 40
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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

Consistent with SEC requirements, ExxonMobil reports reserves based on the average of the applicable market price prevailing on the first day of each calendar month during the year. Three new discoveries offshore Guyana in 2017 also contributed to the by-the-bit resource additions. million gross acres currently held offshore.

2017 186
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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

Green Car Congress

pled guilty in the District of Connecticut to a commodity price manipulation conspiracy. billion to resolve the government’s investigations into bribery and commodity and price manipulation. The Commodity Price Manipulation Case. On these pricing days, Glencore Ltd. Together, Glencore and Glencore Ltd.,