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Tag Archives: OPEC price war

U.S. energy guru Yergin sees no easy way out of oil price collapse

U.S. energy historian Daniel Yergin

REUTERS, March 15, 2020 “Low gasoline prices … don’t do much when schools are closed, people are cancelling all their trips, and people are working from home,” WASHINGTON (Reuters) – U.S. energy historian Daniel Yergin said it could be a long time before pressure is eased on sinking oil markets as the coronavirus causes public events and schools to close while …

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Hand sanitizer is now 212 times more valuable than oil

Infographic comparing price of hand sanitizer vs price of oil

PortandTerminal.com, March 13, 2020 We produced a “Sign of the Times” infographic that compares the price of these two essential commodities on an ounce-for-ounce basis. NEW YORK – Today the price of a barrel of Brent Crude oil is $36.95 (source: OilPrice.com). Why is it so cheap? After Saudi Arabia and Russia failed to agree upon oil production cuts to …

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Should Trump’s Answer to the Oil Crash Be a Tax on Saudi Crude?

President Trump pointing his finger in a confident manner, like he's saying, "You. You're Fake News" or something like that.

BLOOMBERG, March 12, 2020 🛢Shale titan Hamm plans to file complaint against Saudi Arabia 🛢U.S. administration under pressure to contain market turmoil By Pratish Narayanan, Stephen Cunningham, and Jennifer A Dlouhy for BLOOMBERG If Donald Trump wanted to shield U.S. shale from oil’s crash, he could unleash a familiar weapon against rival producers such as Saudi Arabia: tariffs. The U.S. president’s trade war …

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