Friday, July 31, 2015

Friday, July 31, 2015; After Two Years, FRA Issues Final Ruling To/For Warren Buffett -- Phone It In -- Part IV

Like this will make any difference. LOL. FRA issues final ruling on preventing unattended Bakken crude oil trains from rolling downhill into Canadian towns. The ruling: phone it in.

As If

Reuters/Rigzone is reporting: OPEC suggests price stability.
OPEC expects increasing oil demand to prevent a further fall in prices and sees a more balanced market in 2016, its secretary-general said on Thursday, the latest sign the group is sticking to its policy of defending market share.
Oil has dropped about 15 percent this month and halved in value in the past year but neither OPEC nor Russia, the world's top producer, have cut output to support prices, hoping cheaper oil will hit U.S. shale and other rival sources. "I would not expect they (prices) are going to fall because demand is growing," OPEC Secretary-General Abdullah al-Badri told reporters in Moscow. OPEC pumps around 40 percent of global oil production.
Highway Song, Blackfoot

The Race Is On

Electricity from natural gas surpasses coal for first time, but just for one month. From EIA.

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