californiacollapse
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gas prices
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
02/21/2022
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By Roy Green
Rising gas prices to hit $7 a gallon if crude oil cost spikes and tension between Russia and Ukraine escalates
Even with no lockdowns, Americans may be inclined to travel less this year. That’s because of rising gas prices brought about by a spike in the cost of crude oil, an unsteady supply chain and the escalating tension between Russia and Ukraine. (Related: Russia warns Ukraine of full-scale conflict along the country’s eastern border.) An energy expert already […]
11/03/2021
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By Mary Villareal
China faces gas shortage as Beijing seeks to conserve coal, diesel and other fossil fuels
Just two days after Beijing imposed price controls on its coal rationing, the country is facing another crisis: gas shortage. Many stations across the country are running out of diesel due to supply constraints. As the Chinese economy aggressively reopened following the Wuhan coronavirus (COVID-19) shutdowns, the supply of fossil fuels started to dwindle amidst […]
11/01/2021
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By Arsenio Toledo
Global food costs will continue to rise due to surge in prices of oil and gas
Oil and gas prices are soaring due to the combined forces of slowdowns in production and increased demand for fuel. Market analysts believe the continued oil and gas crunch will have a severe knock-on effect on the prices of food. Oil and gas had a difficult year and a half due to a combination of […]
11/01/2021
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By Mary Villareal
Chinese gas stations ration diesel amid shortages, adding to supply chain crisis
Fuel retailers in China are now rationing diesel volumes to customers as the country intensifies its efforts to avert a supply crunch that is already affecting the coal and natural gas sectors. Long lines of vehicles are making their way to pump stations across Guangxi and Anhui provinces in east and southwest China, with truck […]
10/19/2021
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By Mary Villareal
Natural gas shortages prompt power plants to switch to oil
Natural gas and coal prices have pressured power-generation companies to switch to using oil, which could mean an additional half-million barrels a day added to the global oil demand. In its monthly market report, the International Energy Agency (IEA) has increased its global oil demand forecasts for the year and the next by 170,000 and 210,000 […]
10/13/2021
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By JD Heyes
U.S. heating oil supplies fall to critically low levels as temperatures are already dropping in parts of the country
We were pretty sure that Joe Biden’s presidency, such as it is, was going to be a disaster, but even we could not have predicted how bad it’s about to become. On his first couple of days in office, Biden moved quickly to reverse all of President Donald Trump’s energy initiatives — policies that made […]
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