oil

Could Alberta Break Away?
Could Alberta Break Away?
Could Alberta Break Away?
There have been rumblings of separation within the Canadian province of Alberta for decades.  With the re-election of the federal Liberal Party, those rumbles have turned to angry shouts.  Polls suggest that between 25%-30% of Albertans would prefer their province to be an independent sovereign state.  Some of...
Canada Increases Oil Shipments To China
Canada Increases Oil Shipments To China
Canada Increases Oil Shipments To China
In less than a year of full operation, Canada’s Trans Mountain Pipeline to the Pacific has opened and expanded oil markets into Asia while reducing Canadian crude to the U.S. Gulf Coast.  The biggest buyer, China, is importing record amounts of Canadian crude after slashing its purchases of American oil by nearly 90% recently due to escalating trade and tariff tensions.   C...
BLM May Face More Lawsuits
BLM May Face More Lawsuits
BLM May Face More Lawsuits
The Interior Department may see more lawsuits after announcing it would no longer require the Bureau of Land Management to create an environmental impact statement for more than 3,200 oil and gas leases in seven states. The Biden administration started work on the review four days before President Trump took office in January...
Tariffs Issued Against Canada, Mexico, China
Tariffs Issued Against Canada, Mexico, China
Tariffs Issued Against Canada, Mexico, China
Over the weekend, President Donald Trump kept his promise to slap 25% tariffs against, Canada and Mexico, as well as an additional 10% against China.  Those tariffs became official Saturday, after the President signed an Executive Order Friday afternoon.  The pre...
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 ...

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