Donald Trump has taken to promising that he will lower gasoline and energy prices by more than half in his first year back in office ― a pledge that, if carried out, would result in the destruction of the U.S. oil industry followed by a deep recession, experts said. “Energy costs, all of it, air … Read more
(NewsNation) — Americans are increasingly worried about making ends meet and even high earners are feeling the pinch, according to a new survey from the Federal Reserve Bank of Philadelphia. Overall, 35% of consumers said they are concerned about making ends meet in the next six months, up from 29% a year ago. Over the … Read more
(The Hill) – U.S. gas prices started the summer driving season lower than usual, with experts pointing to mild demand and cheaper oil as factors contributing to the moderate costs. Though confounding variables, such as the hurricane season and downstream effects of extreme heat, could still shake things up, prices are expected to continue declining … Read more
(NewsNation) — By the end of the decade, the world will have more oil than it knows what to do with, according to a new report. Global oil demand will peak by 2029 and then contract while supply is expected to grow, the International Energy Agency (IEA) said in its new oil market outlook. If … Read more
Ontario drivers woke up to an average fuel price of 170.2 cents per litre on Thursday and Premier Doug Ford was among those frustrated by the gas price increase. During a question and answer period at a stop in Oakville, Ont., Ford went off on gas prices, mentioning concerns about price gouging and comparisons to … Read more
Descrease article font size Increase article font size Global road oil demand will rise five per cent to a peak of 50 million barrels per day by 2032, Goldman Sachs forecasts, with oil use per vehicle likely to fall sharply because electric vehicles are expected to account for more than half of auto sales by … Read more
By Staff The Canadian Press Posted March 5, 2024 1:36 pm 1 min read Descrease article font size Increase article font size Electricity Canada is sounding the alarm over a proposed tax change it warns could see some private utilities saddled with millions in additional income taxes. Michael Powell, its vice-president of government relations, says that … Read more
Oil prices are rising again as Israel prepares to invade Gaza as soon as Saturday and the United States tightens sanctions on major crude-producing countries, sparking market fears over a drop in supply as demand increases. On Friday morning, the price per barrel of West-Texas Intermediate, the benchmark for contracts to deliver oil produced in … Read more
