He couldn’t have prevented the years of low oil prices and cheap gas that gutted oil company profits. (For example, Exxon’s profit dropped from $32.5 billion in 2014 to $7.8 billion in 2018, and the company lost $22.4 billion in 2020.) That was engineered by Saudi Arabia to kill off the [...]
Posts Tagged ‘Oil & Gas’
May 18th, 2022 - 1:17 pm § in Biden, Business, Donald Trump, Economics, Foreign Affairs, Politics, Russia
$10 gas coming to Washington state? Not so fast.
The Daily Mail, a U.K.-based tabloid with a rightwing slant that I sometimes use as a story source (because they publish suspects’ names and publish photos of the bodies when other media won’t) posted the following headline on Wednesday, May 18, 2022 (here): Gas stations in Washington re[...]
January 10th, 2015 - 6:41 pm § in Uncategorized
Will Israel Be The Next Saudi Arabia?
It could happen. The world is accustomed to thinking of Israel as an unlucky oilless Middle Eastern country. So when I stumbled across an off-hand reference in Barrons magazine to Israel’s “huge” fracking potential, the implication that Israel might become an oil and gas superpowe[...]