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The Covid-19 Pandemic has shut-down world industry and travel thereby drastically reducing the demand for fossil-fuels.
The Covid-19 Pandemic has shut-down world industry and travel thereby drastically reducing the demand for fossil-fuels.
Russia and the Saudi’s have used this
disruption to start an oil supply-demand price war driving the price of oil to
$20 a barrel, a 1950’s level.
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Some
consumers are joyful with the low gasoline prices (now heavily weighted by
taxes).
Would be nice if retailers could
post the tax burden at the pump!
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Energy
businesses, from exploration to the corner station are critical to modern
business, industry and consumers.
Extended depressed prices could force many into bankruptcy and severely
damage an economic recovery.
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U.S. Considers Intervention in
Saudi-Russia Oil Standoff
Texas regulators are weighing whether to
curtail crude production for first time in decades
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Oil
exploration firm: Huge Alaska deposit discovered
Pantheon
Resources PLC said it located the deposit along the Dalton Highway and Trans-Alaska Pipeline
System corridor
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