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Brent at $82: The Gulf War Tax Is Back

Brent at $82: The Gulf War Tax Is Back

Oil Jumps 13% After Iran Strikes — Here Comes the Pain at the Pump Well, that didn’t take long. Brent crude just leapt as much as 13% to $82 a barrel after Iran’s latest round of strikes rattled nerves in the Persian Gulf. Tankers are hesitating. Insurance rates are...
The Oil Glut Is Real, and Your Gas Pump Knows It

The Oil Glut Is Real, and Your Gas Pump Knows It

The Energy Information Administration—those famously unexcitable federal bean-counters—has wandered into the room with a wet blanket and a calculator, and the news is not what the oil bulls or the “drill, baby, drill” crowd want to hear. According to the...
Big Oil to Trump on Venezuela: Slow Down, Big Guy

Big Oil to Trump on Venezuela: Slow Down, Big Guy

There was a moment in the White House this week that told you everything you need to know about Washington fantasy versus oil-patch reality. Donald Trump, freshly confident about Venezuela, sat across from the men who actually write the checks — and they gave him the...
When Washington Pulls the Plug

When Washington Pulls the Plug

The Grain Belt Express, the $4.9 billion Loan That Vanished, and Why the Lights May Dim Because of It Washington killed the money. In July, the Department of Energy quietly yanked its $4.9 billion loan guarantee for the Grain Belt Express—the 800-mile, 5-gigawatt...