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Biden would “Transition from the Oil Industry”

“I would transition from the oil industry, yes,” Democratic presidential candidate Joe Biden said during last night’s debate with President Donald Trump in response to a question from his opponent. “Would he close down the oil industry?” Trump asked Biden, as quoted by the National Review. “Would you close down …

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Oil Demand Returning to Pre-Crisis Levels in Second-Half 2021

The chief executive of Russian oil producer Gazprom Neft said he expects global oil consumption to return to pre-crisis level in the second half of 2021, slightly later than the energy ministry’s forecast for the second quarter. Speaking at a conference – first large-scale industry event since Russia scrapped public …

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Hope for Completing Nord Stream 2 Is Fading

The EU’s relations with Russia in connection with the construction of the Nord Stream-2 gas pipeline are unlikely to improve in the future. Therefore, the approach to this project should be changed, said the head of the European Commission (EC) Ursula von der Leyen, reports the newspaper Les Echos. “Russia’s …

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OPEC’s 60th Anniversary

On Sept 14, 1960, the five founding fathers of the Organization of the Petroleum Exporting Countries (OPEC), Juan Pablo Perez Alfonzo of Venezuela; Abdullah Al-Tariki of Saudi Arabia; Dr Tala’at Al-Shaibani of Iraq; Dr Fuad Rouhani of Iran and Ahmed Sayed Omar of Kuwait gathered together in Al-Shaab Hall in …

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10 Reasons to Sell ExxonMobil Now

In January 2017, Rex Tillerson left to join the Trump administration as Secretary of State (and was permitted to sell more than $50 million in directly held Exxon stock tax free). His replacement, CEO Darren Woods — now nearly four years into the job — has presided over a 50% …

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Can Biden Fix Climate Change With $1.3 Trillion?

In his Democrat Party nomination acceptance speech last night, Vice President Joe Biden indicated that he could solve the problem of climate change. And he said he could do it all with the money the government would get by changing the tax code. In two sentences and just 75 words …

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