Iran nuclear deal a critical piece of oil market’s future

U.S. President Joe Biden desperately needs lower prices at American gas stations, especially in a mid-term election year

Iran nuclear deal a critical piece of oil market’s futureSpeculation is growing about a deal between the United States and Iran reviving the stalled nuclear agreement, letting additional Iranian crude oil enter the markets. But efforts to sabotage the agreement are apparent. The return of Iranian crude is important to the United States for various reasons. U.S. President Joe Biden needs lower prices at…

Does good industrial policy make good neighbours?

The Biden administration has done Canada a solid with its buy-North-American awakening. We would help ourselves by reciprocating

Does good industrial policy make good neighbours?Canada’s auto sector got a boost this week – from U.S. President Joe Biden’s administration. Will we be good neighbours and return the favour? After a marathon voting session, the U.S. Senate finally passed a slimmed-down version of Biden’s landmark climate and economic renewal legislation. The U.S. House of Representatives is set to okay the…

Saudis turn their backs on Biden’s request for more oil

The prospects of a global economic slowdown are beginning to hit oil demand

Saudis turn their backs on Biden’s request for more oilThe much-awaited ministerial meeting of the Organization of Petroleum Exporting Countries and its allies, including Russia, in the expanded OPEC+, opted to increase its September output by just 100,000 barrels per day (bpd). Despite the urgings of U.S. President Joe Biden to open Saudi Arabia’s crude oil taps during his visit there, the announced output…

Saudis talk to suitors from all sides as oil market uncertainty grows

Saudi Arabia isn’t ready to ditch Russia

Saudis talk to suitors from all sides as oil market uncertainty growsAfter a brief lull and a price drop, crude oil markets are heating up again, surging by more than US$2 a barrel last week. The Aug. 3 expanded OPEC+ ministerial meeting, which includes Russia, is just around the corner. And signals from producing countries aren’t helping to stabilize the markets. In addition, the threat of…

Saudi Arabia still not ready to ditch Russia

An intense tug of war is being waged on the global crude horizon

Saudi Arabia still not ready to ditch RussiaStakeholders continue to make interesting moves across the global energy chess board. Six days after U.S. President Joe Biden flew out of Saudi Arabia – without any public commitment from Riyadh to increase crude output significantly – Russian President Vladimir Putin and Saudi Crown Prince Mohammad bin Salman spoke by phone, underlining the importance of…

No guarantee Biden’s trip to Saudi Arabia will bring results

Biden wanted more crude, Mohammed bin Salman needed recognition. The visit served both purposes

No guarantee Biden’s trip to Saudi Arabia will bring resultsWhat did United States President Joe Biden gain from a trip that took him to Saudi Arabia, the state he once promised to make into the pariah he said it deserved to be? What did Biden get from meeting with Saudi Crown Prince Mohammed bin Salman, whom he has avoided until now? In response to…

Five reasons why Biden should ask Canada, not Saudi Arabia, for more oil

U.S. and Canada should work together to build new pipelines to strengthen North American energy security

Five reasons why Biden should ask Canada, not Saudi Arabia, for more oilHere’s an important message for U.S. President Joe Biden as he heads to Saudi Arabia tomorrow to ask the Organization of Petroleum Exporting Countries (OPEC) to increase oil production: he should be asking Canada instead. Canada’s oil producers have helped to free American consumers from the world’s oil dictators before and can do it again…

Why do we keep electing energy idiots?

Our choice is clear: protect the life we love or keep electing these idiots

Why do we keep electing energy idiots?If there’s any point to writing about energy, it’s to perhaps try to pull together disparate bits of information that the average citizen is too busy to notice, the sort of random and arcane stats and events that only genuine weirdos devote their spare hours to. Truffle pigs find the truffles. People learning about energy…

A new press secretary has no effect on White House messaging

The left loves to fixate on the façade of politics and Karine Jean-Pierre is a prime example

A new press secretary has no effect on White House messagingUnited States President Joe Biden announced on May 5 that press secretary Jen Psaki would be leaving the White House. Her replacement would be principal deputy press secretary Karine Jean-Pierre, who assumed the role on May 13. Psaki, a longtime Democratic politico who worked in former President Barack Obama’s White House as communications director and…

Biden’s state of the union address hit the right notes on foreign policy

The speech’s overall tone was positive and upbeat

Biden’s state of the union address hit the right notes on foreign policyU.S. President Joe Biden gave his first state of the union address on Mar. 1. How did he perform overall? Let’s get the obvious analysis out of the way. There were many things in Biden’s address that I disagreed with. His political agenda is left-leaning and focused on increasing the size and involvement of the…

Ukraine tension, Iran talks prod oil prices upward

Geopolitics has been behind the surging markets

Ukraine tension, Iran talks prod oil prices upwardOil and politics go hand in hand. They’re virtually inseparable. Recent events once again highlight the energy world’s dynamics. Fundamental factors have played a significant role in getting crude oil prices to the current levels. Yet, none can deny that, to a great extent, geopolitics has been behind the surging markets. Recent events underline this.…

Government-induced competition rarely works

A U.S. program to increase competition in meat-packing won’t work

Government-induced competition rarely worksUnited States President Joe Biden recently introduced a billion-dollar program to lower food inflation by increasing competition in meat-packing. It’s likely ill-fated. A few weeks ago, a damning report out of Washington suggested the top U.S. meat-packing plants have increased profit margins by 300 per cent since the beginning of the COVID-19 pandemic. The report,…

Democratic Party disarray creates pressure to dump Kamala

Given Biden’s age and niggling concerns therein, there’s a non-trivial chance he won’t see full term

Democratic Party disarray creates pressure to dump KamalaJust a year after giving Donald Trump his electoral walking papers, the Democrats are in some degree of disarray in the United States. It’s still early days and things may turn around before the 2024 election, perhaps even in time for the 2022 midterm elections in the U.S. But the Democrats’ jubilant triumph of 2020…

Hunter Biden’s art career can’t help but ensnare his father

The president’s son could reap a small fortune from the sales of his mediocre art

Hunter Biden’s art career can’t help but ensnare his fatherMany public and political figures have enjoyed painting, drawing or sculpting as a budding career or a carefree pastime. United Kingdom Prime Minister Sir Winston Churchill created over 500 paintings and sold a few in his lifetime. Several U.S. presidents, including Ulysses S. Grant, Dwight D. Eisenhower, Jimmy Carter and George W. Bush, displayed a…
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