OPEC agrees to a production decrease, prices increase—but could be just right

CFACT energy policy advisor Marita Noon reports that, having failed to destroy U.S. oil and gas producers via increasing its own oil production, has now signed an OPEC agreement to cut back production -- largely because the artifically low price of oil was hurting producers worldwide.

By |2016-10-10T13:38:06+00:00October 10th, 2016|CFACT Insights|Comments Off on OPEC agrees to a production decrease, prices increase—but could be just right

What’s up with the prices at the pump?

Oil prices at the pump fell hard, then began creeping back up -- even though crude oil prices have not rebounded. One reason is an explosion at an ExxonMobil refinery in California that has bumped that state's price by 20 cents a gallon, but if the steelworkers union strike expands the impacts could grow . Meanwhile, the Saudis, who concocted the scheme that saw the dramatic drop in prices, are happy to see the rise in the price at the pump.

By |2015-03-02T15:22:11+00:00March 2nd, 2015|Uncategorized|Comments Off on What’s up with the prices at the pump?