Second Wave of U.S. Oil Boom Will Bankrupt OPEC
With every OPEC member now at a higher break-even cost than the U.S., it is OPEC members that are at risk of being bankrupted in the second wave of the U.S. oil boom.
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Rep. Kevin Cramer on the Oil Train Accident: ‘No Amount of Regulations’ Will Prevent Accidents
Rep. Kevin Cramer (R-ND) traveled to his state of North Dakota to view the train derailment that occurred Wednesday morning near Heimdal, North Dakota. He noted that “no amount of regulations” would prevent accidents from occurring.
The Geopolitics of Oil Go Round and Round
Many complicated factors contribute to the global price of a barrel of oil, but two of the leading components are supply and risk—and both have the potential to escalate in the days ahead.
Venezuela Cuts Oil-for-Toilet-Paper Deal with Trinidad to Fight Shortage
Acutely aware of Venezuela’s growing economic destitution, the government of Trinidad & Tobago has proposed exchanging Venezuelan oil for Trinidadian toilet paper, to keep supplies in the South American nation’s market replenished.
Oil Train Wreck Burns for 24+ Hours, Forces Hundreds of Families out of Homes
Oil cars were still burning more than a day after a train carrying 3 million gallons of North Dakota crude derailed in a West Virginia snowstorm, shooting fireballs into the sky.
