October 17th, 2014
As I discussed recently (A Calculated Saudi Move Aimed at America), Saudi Arabia has grabbed the headlines by cutting oil prices, not production.
It seems the Saudis are more interested in grabbing market share than in attending to the present state of the market.
That move seems calculated to undercut the effect the U.S. has on global oil markets, even though that effect is indirect.
But make no mistake. Russia is the country that will suffer the most as oil prices drop.
Thanks to the Saudis, this could get ugly very quickly for Putin…
October 14th, 2014
The latest salvo in the “Coal Wars” comes from the American Coalition for Clean Coal Electricity (ACCCE), and it’s aimed squarely at the Obama Administration.
Of course, the ACCCE isn’t exactly an impartial observer. In fact, you might say it has one huge dog in this fight.
But in its latest missive, fired off just last week, the coal industry group emphasizes an important point that’s always been just below the surface in the continuing battle between coal producers and government regulators.
It’s the high price consumers are going to have to pay as coal goes away…