Showing posts with label Energy 2014. Show all posts
Showing posts with label Energy 2014. Show all posts
Wednesday, December 31, 2014

US could join this list of the world's top oil exporters thanks to relaxation of 1974 oil export ban yesterday

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Export of up to 1 million barrels per day could put the US in 16th or 17th on this list from the US Energy Information Administration by...

The global oil war just got even more interesting: Dept. of Commerce relaxes export ban

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With a tip o' the hat to Andrew Critchlow at the UK Telegraph, Reuters reported just a couple of hours ago that the US Dept. of Comme...
Tuesday, December 30, 2014

Norway whacks GDP projection by over 50% amidst plunging oil prices

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Seen here : According to Statistics Norway, lower investment in the oil sector, Norway's primary growth engine, will likely slow...

IEA revises down 2015 oil demand growth by 20%, a third of British oilers in big trouble, mostly smaller

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Andrew Critchlow reported Dec. 12th  here : The International Energy Agency (IEA) said on Friday that world demand for oil will grow b...

Less than 10 years ago $2.29 per gallon was a new high price for gasoline

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Tuesday, December 23, 2014

Third and final revision of 3Q2014 GDP surges to 5.0% on personal consumption and investment revisions

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Personal consumption added 2.21 points to today's revision of 3Q2014 GDP at 5.0% while government consumption added 0.80 points. TOG...
Saturday, December 20, 2014

Michigan legislators correctly send sales tax increase for roads to the voters

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Mlive.com reports the story here . As I've argued before, here , an increase in the sales tax for road repairs is far less regress...
Tuesday, December 16, 2014

Gasoline nationally just now averages $2.50/gallon without Newt Gingrich's help, or Obama's

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See  here  for the controversy over Newt's faith in his drilling program in March 2012, which materialized without him, and without ...

Average hourly earnings are up 2.69% year over year, inflation 1.66% suggesting Fed tightening may be coming

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Earnings are actually getting ahead of the curve in the latest data, suggesting the Fed may move to raise interest rates as "planned...
Monday, December 15, 2014

Federal Reserve and FDIC lose power

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Electrical, but hey! we can dream can't we? From the story here : "Most power at the State Department was lost and employ...

At $2.53/gallon, the national average price of gasoline now officially represents a "sale"

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The very long-term average price of a gallon of gasoline in June 2013 dollars going back to 1918, as reporte...
Wednesday, December 10, 2014

Flashback to Feb. 2012: Newt Gingrich was mocked and worse by Obama and company for saying $2.50 gas was possible, but it's happening right now

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Newt, deservedly doin' The Mussolini Obama called Gingrich's promise of $2.50/gallon gas a "phony election-year promise...
Friday, December 5, 2014

The New Republic fired Tim Noah over a year and a half ago: the canary in the coal mine?

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Tim Noah, as true a liberal as you'll ever find, has since landed at Politico, which tells you a lot about one Chris Hughes, the new...
Tuesday, November 25, 2014

3Q2014 GDP revised up to 3.9% on surge in net exports (refined petroleum) and government spending (war on ISIS)

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Today's second estimate of 3Q2014 real GDP surprised to the upside, rising to 3.9% from 3.5%. Consensus estimates had GDP declining to...
Thursday, October 30, 2014

Falling oil imports/record rising refined petroleum exports account for today's startling trade contribution to GDP

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The Oil and Gas Journal reports here that September petroleum imports plunged to the 1995 level while September was a record month for ex...
Tuesday, September 30, 2014

US oil refining capacity is mismatched for our boom in light, sweet crude

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So we either expand that capacity, or lift the 1975 ban on oil exports. Obama's decision to do nothing except take credit for produc...
Friday, July 11, 2014

Japan poised to rise from the dead: nuclear plants finally to begin restart after 2011 Fukushima disaster

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The Japan Times reports here : The Nuclear Regulation Authority is moving toward the first reactor restart under its new safety requirements...
Sunday, June 15, 2014

If the Iraq War had been about getting the oil, it wasn't a very good deal

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DoD direct spending on the war in Iraq was $758 billion. Iraqi exports, mostly oil, reached $94.2 billion in 2012, and have totaled barely $...
Wednesday, June 4, 2014

Obama goes outside the experience of the enemy (you): swaps Muslim combatants for US deserter

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To piss off the patriots and please his anti-Gitmo critics in one stroke. And talk about using different tactics and actions and all...
Tuesday, June 3, 2014

The Detroit News Explains To Obama How He Could Learn Something About Coal From Europe

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Here : Europe’s experience with such hardline carbon rule-making [as Obama's] would suggest the [US Chamber of Commerce's] claims ar...