Crude oil prices rose to a new 2018 high after missile strikes on Saudi Arabia. Three missiles launched by the Yemeni Islamic Houthi rebels on Wednesday were intercepted by Saudi Arabia’s air defense forces. The Houthis claimed that their missiles targeted the Saudi defense ministry and the Saudi Aramco oil distribution facility in Najran. Crude… [Continue Reading]
Energy Market
Venezuela Oil Cryptocurrency: The Oil-Based Petro Hits the Streets
A Venezuela oil cryptocurrency has been launched. This is not an unexpected event because it was believed that sometime some oil producing country would generate a cryptocurrency. This is a means by which oil-producing countries can bypass strict US government economic sanctions. Known as the ‘Petro’, this cryptocurrency has been created in an attempt to… [Continue Reading]
UK Trade Deficit Widens in December as Crude Oil Imports Increase
The UK trade deficit widened in December just as it did in the US. The gap between exports and imports increased to £13.6 billion ($18.8 US). Much of this was caused by oil price increases and an increased volume of imports. This figure, published by the Office of National Statistics (ONS), is higher than was… [Continue Reading]
US Oil Production to Hit Historic Highs This Year: Shale Oil an Important Factor
US oil production is apparently set to hit unprecedented highs in 2018 and overtake OPEC. According to the International Energy Agency (IEA), 2018 is going to set records for US oil production. It is set to overtake the oil production of Russia and Saudi Arabia. US shale oil is an important factor in this. The… [Continue Reading]
Oil Prices Jump to a 30-Month High While OPEC Secures a Deal
Oil prices have jumped to a 30-month high after 24 oil-producing countries met and agreed to limit their output. Futures spiked two days ago after OPEC President Khalid al-Falih secured a deal among 24 oil producers at a meeting in Vienna on Thursday. It is unknown how long it will be before this price hike… [Continue Reading]
Airbus Electric Planes: Hybrid Electric Plane Development Planning
Airbus Electric planes may shortly become as common as electric cars. Hybrid electric plane development planning is currently underway. Airbus, Siemens, and Rolls-Royce are working right now to develop a hybrid electric motor capable of a program intended to reduce aviation pollution of the earth’s atmosphere and everything below that! This may be a market… [Continue Reading]
Bitcoin Investment vs Renewable Energy Investment
Some people are discussing the pros and cons of Bitcoin Investment vs Renewable Energy Investment. A recent focus on Bitcoin investment has taken eyes off a more profitable market: renewable energy. The question that must be asked is why? Why do people invest in something they understand so little about? Particularly why do so when… [Continue Reading]
