Why the global oil market is a bigger mess than you realize
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YouTubeMS NOW
Why the global oil market is a bigger mess than you realize
You may have anticipated that Donald Trump's peace "understanding" with Iran would fall apart and the war would flare back up and oil prices would surge again. But that isn't the whole story. Iran's widening attacks, Houthi attacks on Red Sea vessels, and Ukrainian attacks on Russian oil infrastructure and the ripple effects of that in ...
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Shorts
Oil prices have climbed to $100 a barrel for the first time since May, as escalating conflict in the Middle East fuels concerns over potential supply disruptions. Prices surged after the U.S. intensified strikes on Iran, while Houthi attacks on oil tankers in the Red Sea threatened one of the world's most important shipping routes. #oil #usa #iran
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America uses it. We don’t. It’s not a tanker ban. Canada’s tanker ban (Bill C-48) prohibits Canadian oil tankers from BC’s northern coast. American oil tankers use the same waters. Roughly 300 laden crude oil tankers per year move Alaska crude down the Pacific coast under a voluntary exclusion zone Canada cannot enforce on foreign vessels. Canada bans its own citizens from moving oil through the water. The United States moves 300 tankers through it annually. The Northern Gateway Pipeline: cancel
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