The gasoline market is well supplied, but if it weren`t for gasoline exports to countries like Venezuela, the United States would have much cheaper gasoline.
The last time prices reached only $95 a barrel WTI the Whitehouse started talking up the SPR release only six months ago. Now that gas prices are higher than ever for this time of year and set to go higher, and we haven`t heard a single mention of the SPRs?
Exxon reported 4Q profit at a five-year high boosted by its refining arm. However, Delta Airlines (DAL) can’t tell a similar success story with its newly acquired refinery at Trainer, PA.
The current government stance on Marijuana and Online/Casino Gaming is making their position from a legal standpoint look completely arbitrary and lacking in credibility.
I would expect that much more energy had to be used, and that much more electricity would be required just to keep regular business operations going, and keep the Chinese people from freezing to death.