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The scale, liquidity and stability of U.S. financial markets are partly behind the phenomenon.
Even if the prediction’s right, Big Oil will be with us much longer.
The petroleum-producing cartel is trying to push global oil prices higher, but Americans aren’t seeing an increase at the gas pump.
IEA advises investing in facilities to reduce the potent greenhouse gas. The U.S. government is already funding such programs.
OPEC is trying to cut production among its members in a bid to push up the price of oil, but it hasn’t gone according to plan.
Last year’s price spike was largely the result of a shortage of refining capacity.
The Saudis invited the Russians to the table and rolled out the red carpet. But the Russians haven’t always done what the Saudis want.
And if it doesn’t work, they’ll cut production.
The cost to ship fuel has more than doubled since February.
A milder winter is one reason why. But it’s still a significant expense, and applications for assistance are up.