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Browsing the "oil demand" Tag

The Truth Around Oil

October 7th, 2019 | by Gerard Reid

There is a pretty simple truth about oil, and that is that there is lots out there, a fact that is not going to change going forward. In fact, quite the opposite. There is probably more upside to production, as well as downside on the demand side, meaning we will likely see low oil prices for the foreseeable future. The likelihood is that we will also see a race to the bottom in terms of the oil price as producers try to pump oil out of the ground and bring it to market as fast as possible. This in turn will lead to stranded assets as oil companies write down high-cost resources which have become too expensive to take out of the ground


Gutted EPA Mileage Rules Will Please Global Petro-States

March 6th, 2017 | by Susan Kraemer

On Tuesday, March 7th, the Trump administration will reverse the Obama administration's Final Determination requiring automakers meet an average 54.5 miles per gallon by 2025, according to Inside EPA. An alliance of manufacturers had urged protection for fuel inefficiency in a letter to Trump EPA administrator Scott Pruitt in February, and the industry request is one of hundreds of industry-requested rollbacks in Obama rules that are now on the chopping block, according to the New York Times



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