CHICAGO—With the price of oil now less than $80 a barrel, motorists throughout the United States are benefiting from gas prices below $3 a gallon. However, the decreasing price of gas has a downside for the hydraulic fracturing industry in the United States. North Dakota’s economy is on fire, thanks to developments in technology that […]
Wow, I had barely recommended repealing the laws that restrict U.S. oil exports as part of an overall ramping up of competition in global oil markets when news hit that the Saudis were cutting the price of oil shipped to the U.S. The price of oil has been zigzagging downward since then—much to the benefit […]
Even with 14 airstrikes carried out by the U.S. and Saudi Arabia on the town of Kobani in Syria in support of the Kurdish fighters on the ground on Wednesday and Thursday, the Pentagon says that Kobani may still fall to the Islamic State. More and more Islamic State fighters continue to pour into the […]