Tag: oil reserves
Uruguay EV Sales Report: ICEV Sales Start Melting Down as BEVs Surpass 40% Share in May!
Latin America’s small champion is breaking all expectations. Uruguay surpassed Costa Rica as the regional leader in 2025, reaching an impressive 20% BEV market share for the whole year, up from 8.5% in 2024. 2026 has seen the continuation of high growth levels in the Uruguayan market, bringing the yearly … [continued]
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Demand Destruction Is The Reward Fossil Fuel Donors Get For Supporting MAGA
The US idiocy in Iran will lead to massive demand destruction for fossil fuels, which are now too unreliable to survive.
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“Real Panic” In Oil Industry Expected To Come In June If Strait Of Hormuz Doesn’t Open
As I wrote the other day, gas prices are up 56% in the United States since the US first bombed Iran. So, it’s not like things are going swimmingly in this industry. However, as several analysts and observers have been saying, we haven’t seen anything yet! Countries have been relying … [continued]
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Gas Prices Up 56% In USA
US gas prices have gone up, and up, and up since the country bombed Iran in late February. In March, I reported that the average price of gas in the country had gone up from $2.89/gallon to $3.48/gallon. Now, the average price of gas in the US is $4.517/gallon. That’s … [continued]
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US DOE Has Released 17.5 Million Barrels from the Strategic Petroleum Reserve since March
Between the week ending March 20 and the week ending April 24, the U.S. Department of Energy (DOE) released a total of 17.5 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR), according to data in our Weekly Petroleum Status Report. DOE released 7.1 million barrels in the … [continued]
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