Home » Posts tagged with » OPEC

Oil Reaches Highest Price In 6 Years Amid Low Supply, Output

Oil Reaches Highest Price In 6 Years Amid Low Supply, Output

Kendall Tietz |CONTRIBUTOR Oil prices climbed to a six-year high Tuesday as the Organization of the Petroleum Exporting Countries (OPEC) and Russia continue to tamp down on global output, The Wall Street Journal reported. An OPEC meeting was called off Monday, the WSJ reported. It was the group’s third attempt to discuss surging prices and an increase in oil consumption […]

BUSINESS | Oil Production On Federal Land Topped 1 Billion Barrels, Reducing Impact OPEC Has On Markets

BUSINESS | Oil Production On Federal Land Topped 1 Billion Barrels, Reducing Impact OPEC Has On Markets

CHRIS WHITE TECH REPORTER . Oil production on federal lands topped 1 billion barrels in 2019, marking a 29% increase from the Obama administration, Department of the Interior officials announced Tuesday. Technological advancements over the last decade in hydraulic fracturing helped drive the increase, as did President Donald Trump’s rollback of his Democratic predecessor’s environmental regulations. Production was […]

Politicians must consider unintended consequences

Politicians must consider unintended consequences

    By Paul Driessen It’s become a recurring, frustrating pattern, as legislators and regulators ignore the immutable laws of unintended consequences, to drive political agendas or aid favored constituencies, while harming others. A good example is corporate average fuel economy (CAFÉ) standards on vehicles. Originally enacted in 1975 to offset the impacts of the […]