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Why President Trump Is The Biggest Player In World Oil Markets Today

10 July 2018

If President Donald Trump is not the most significant player in global oil markets today, he’s at least its biggest wild card. Tweets savaging OPEC, U.S. sanctions on Iran and Venezuela, and a precarious trade policy that threatens the health of the global economy can push energy markets in very different directions in the near-term. What’s clear is the president will not sacrifice his foreign policy goals, chiefly the isolation of Iran in hopes of regime change there, for fear of rising oil prices. Instead, he will blast OPEC on Twitter and pressure Saudi Arabia to pump more oil to ta…   Read More at Canary

War on Coal Becoming War on Natural Gas

4 July 2018

Is the reliability of our nation’s electric power grid threatened by the market-driven retirement of nuclear power facilities? Despite the wealth of evidence to the contrary, the answer according to a new report by the Nuclear Energy Institute, is “yes.” NEI’s paper, “The Impact of Fuel Supply Security on Grid Resilience,” claims that one of the most significant risks to grid resiliency is an over-reliance on cheap natural gas as a fuel source, specifically in the Pennsylvania-New Jersey-Maryland (PJM) Mid-Atlantic area. Really? NEI represents the nuclear industry and the utilit…   Read More at Canary

With Oil Market On A Knife’s Edge, President Trump Must Take Stock

28 June 2018

It hasn’t even been a week, but it’s already apparent that OPEC’s recent move to increase production won’t be enough to curb oil prices from climbing higher. Global benchmark Brent is already driving toward $80 a barrel again, and $90 oil is not out of the question in the coming weeks, with perhaps a push toward $100 before the end of the year. Put simply, the more OPEC increases production, the less spare capacity the group has, leaving the oil market on a knife’s edge as it deals with a host of potential supply disruptions stemming from geopolitical and other issues. When o…   Read More at Canary

Corporate Resolutions On Social Issues Serve Activists, Not Shareholders

22 June 2018

America’s growing energy dominance is helping transform our economy and revitalize the forgotten parts of our nation. Through innovation and free-market principles, America’s oil and natural gas sector have moved us from an age of scarcity to a future of abundance. As a nation, we are once again the world’s biggest producer, with all of the economic, trade and national security benefits that portends. But there is a move afoot by wealthy investment firms and environmental activists to undermine that success and turn back to a time of scarcity by making climate change an issue in the boar…   Read More at Canary

President Trump: Don’t Reallocate Blending Obligations

21 June 2018

Scottsdale, AZ, Thursday, June 21, 2018 Check out Dan K. Eberhart’s letter to President Trump. Dear President Trump, On behalf of the hundreds of American workers of Canary, LLC, I write to urge you to ensure that Administrator Pruitt and the EPA do not include a reallocation of blending obligations that were waived under the small refinery exemption program to other refiners. News reports have indicated that EPA is planning to doing just that as a part of their release of the 2019 Renewable Volume Obligations (RVO) under the Renewable Fuel Standard (RFS) as early as tomorrow. I am a stron…   Read More at Canary

Corporate resolutions on social issues serve activists, not shareholders

21 June 2018

America’s growing energy dominance is helping transform our economy and revitalize the forgotten parts of our nation. Through innovation and free-market principles, America’s oil and natural gas sector have moved us from an age of scarcity to a future of abundance. As a nation, we are once again the world’s biggest producer, with all of the economic, trade and national security benefits that portends. But there is a move afoot by wealthy investment firms and environmental activists to undermine that success and turn back to a time of scarcity by making climate change an issue in the boar…   Read More at Canary

Trump’s Trade Tactics Are Encouraging Protectionism Around the World

16 June 2018

Warnings against protectionism often cite the Smoot-Hawley Act of 1930, which implemented tariffs on more than 20,000 imported goods to boost domestic production during the Great Depression. The legislation failed miserably – prices rose, consumption plummeted and production fell even further. It is the ultimate warning against lousy trade policy, still invoked against elected officials today. But we don’t need to look all the way back to the 1930s to see the dangers of protectionism. Our current trade dispute with Canada, the EU and other trading partners is inspiring anti-trade policies…   Read More at Canary