Truck driving firms are sounding the alarm on a driver shortage crisis.
Tag / transportation
BIG NEWS: Amazon Buying Whole Foods For $13.7 Billion
Amazon buys an already existing logistical network in place instead of creating a new one for their growing grocery business. Continue reading →
VIDEO: Buying Local Does Not “Save the Planet”
Robert Wenzel over at EconomicPolicyJournal.com posted a video that educated me on a current myth of the economic approach “Buying Local”. Continue reading →
Chart Showing How Much It Costs to Transport Oil in the U.S.
When you fill up at the pump, part of that cost you’re paying is for the transportation of the fuel to get there. Continue reading →
Just used Uber and fell in love with it
Yesterday I used Uber for the first time and fell in love with it. Continue reading →
Big Oil: There Is No “Peak Oil”
Steve Milloy over at JunkScience.com posted an interesting stat recently
Continue reading →
Middle East Controls American Oil Refinery Business
While many media pundits are on tv celebrating the U.S. leap in oil production there is another side not talked about, Middle East countries Saudi Arabia and Qatar own most of the oil refinery business in the United States. Here is more from a 2013 Washington Times article:
Today, the largest oil refinery in the United States, Motiva in Texas, is owned by Saudi Aramco (a state-owned company) and Royal Dutch Shell (a British and Dutch company). The refinery recently completed a major expansion project, originally driven by growing American demand for Saudi oil in 2007.
Since the expansion began, however, U.S. demand for oil has fallen and production of North American oil has risen. Saudi Aramco has, therefore, repositioned Motiva to accept this change in the market. In addition to importing Saudi oil, the Motiva expansion allows Saudi Aramco to refine and export petroleum products to Latin American markets. Most important, though, the expansion enables Saudi Aramco to refine the heavy crude oils now being extracted from Canadian and American oil sands and shale fields.
Saudi Arabia is also being joined by Qatar in not only the U.S. but also in Canada:
Qatar is also positioned to extract significant profits from the American energy industry. According to the U.S. Energy Information Administration, Qatar holds the third-largest natural-gas reserve in the world and has been the world leader in liquefied natural-gas technology and exportation since 1997. Yet Qatar Petroleum International (also a state-owned company) owns a 70 percent stake in the Golden Pass re-gasification terminal in Texas. The terminal was previously intended to import Qatar’s natural gas into the United States, but with the boom in North American natural gas, Qatar is now seeking to repurpose the facility to export liquefied natural gas and profit from North American resources. Qatar Petroleum International’s CEO, Nasser al-Jaidah, recently stated that the company is seeking to invest in North American shale, a highly touted source of America’s potential energy independence, and on April 15, the company acquired a stake in Suncor Energy’s natural-gas holdings in Canada.