Oct 9, 2017 | Uncategorized
China has recently unveiled a new oil benchmark that is backed by physical gold. China is the worlds top oil importer so this could very well shake up the oil and currency markets. This new physical gold oil pricing is making the yuan more attractive to investors....
Feb 4, 2016 | Uncategorized
Obama has proposed to tax oil at $10 a barrel. The White House says the fees would be used to increase funding by $20 billion per year for traffic reduction and new modes of transportation like high-speed rail. Other funds would help cut carbon dioxide emissions...
Dec 18, 2015 | Uncategorized
Early last month is was noted that something very strange was happening off the coast of Galveston, Texas. As FT reported, “the amount of oil at sea is at least double the levels of earlier this year and is equivalent to more than a day of global oil supply.” In...
