oil

News From China Pushes Oil Prices Higher
News From China Pushes Oil Prices Higher
News From China Pushes Oil Prices Higher
Oil prices have inched a little higher in the past week, rebounding from the lowest prices we’ve seen in roughly a year.  A barrel of West Texas was up roughly $2 in Monday’s trade, hovering around $75.  And while that is higher week-over-week, Patrick DeHaan with GasBuddy noted that’s still one of the lowest prices we’ve seen in 2022.  DeHaan noted the recent swing higher in o...
2021 Farm Production Expenses Surpassed $390 Billion
2021 Farm Production Expenses Surpassed $390 Billion
2021 Farm Production Expenses Surpassed $390 Billion
According to the USDA, farm production expenses hit $392.9 billion in 2021, a 7.3% year-over-year increase ($3.66.2 billion in 2020).  The four biggest expenditures totaled $189.4 billion, just over 48% of all expenses last year.  Those four are feed at 16%, farm services at 11%, livestock, poultry, and related expenses at 10%, with labor accounting for 9.4%. The total fu...
Cooper: Renewable Fuels A Good Idea If War Starts
Cooper: Renewable Fuels A Good Idea If War Starts
Cooper: Renewable Fuels A Good Idea If War Starts
Gas and biofuel prices will go even higher amid conflict between Russia and Ukraine, but biofuel leaders argue that corn ethanol will still be cheaper than gasoline and able to meet demand. Geoff Cooper, President and CEO of the Renewable Fuels Association says there’s no arguing that fuel prices go up during war. ...
Cooper: The U.S. Can’t Depend On Others For Transportation Needs
Cooper: The U.S. Can’t Depend On Others For Transportation Needs
Cooper: The U.S. Can’t Depend On Others For Transportation Needs
The warnings are out: war between Russia and Ukraine will drive fuel prices even higher. Biofuel interests say the U.S. response should be more, not less ethanol and biodiesel use, adding oil and gas are a Russian political weapon, while rare earth minerals for electric vehicles can be a Chinese weapon ...
Senate Approves Haaland as New Secretary of the Interior
Senate Approves Haaland as New Secretary of the Interior
Senate Approves Haaland as New Secretary of the Interior
The Senate confirmed New Mexico Democratic Representative Deb Haaland as the new Secretary of the Interior. Haaland is the first American Indian to hold the post. Native American groups applauded her confirmation, but there is controversy over her views on oil and gas leases on federal land and fracking ...
How Has Increased Oil Production Impacted American Farmers?
How Has Increased Oil Production Impacted American Farmers?
How Has Increased Oil Production Impacted American Farmers?
Gas and oil production has increased considerably in the United States over the past decade.  Between 2004 and 2014, production increased 69%, with two-thirds of that production originating on farmland.  What does that mean for both farm operators and non-operator landlords in terms of potential income, leasing, etc.? Clau...

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