Energy
"This year it will be difficult for us to take advantage of this low price…But we will continue to look for that low price into the future." - Secretary Jennifer Granholm on March 23, 2023 "We cannot sell and take in (crude oil) at the same time.
At Employ America, we have argued that shortages of physical productive capacity played a major role in the inflation seen during and after the recovery from the pandemic recession. In order to analyze the impacts of shortages and their resolution, we have been tracking reported shortages and comparing them to
This is a continuation of our Contingent Supply series. The first piece described why storing spodumene would be a worthwhile endeavor for a lithium strategy. This piece describes the importance of selecting the right location for spodumene reserves.
In a continuation of our Contingent Supply series, we explore how a critical minerals club could undertake our SPR approach to boosting production of a highly volatile commodity, lithium.
The surprise announcement of OPEC cuts this weekend has caught market participants and the Biden administration off-guard. OPEC's "voluntary" cuts to crude oil production have pushed up crude oil prices across the futures curve. From our vantage point, these OPEC cuts are a potentially welcome
Summary The benchmark West Texas Intermediate (WTI) spot price for crude oil has settled at or below the President’s committed $67-$72 refill range for nearly two weeks. Back in October of 2022, the White House finalized groundbreaking regulatory revisions to support the price and production of crude oil,
Introduction Although the full repercussions of the Silicon Valley Bank (SVB) collapse are not yet clear, considerable uncertainty is driving market volatility and an uncertain economic outlook. Should markets drop further, the SVB fallout could reverberate all the way into oil prices. Despite the Federal government’s support for depositors,
Today, the Department of Energy (DOE) announced that it will conduct a “pilot” acquisition of three million barrels of crude oil using the SPR’s new authority to engage in fixed-price contracts. It’s a good start to make sure that the DOE is ready to fulfill the President’