Search results
Results From The WOW.Com Content Network
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
At recent market prices ($58 a barrel as of March 2021), [6] the SPR holds over $14.6 billion in sweet crude and approximately $18.3 billion in sour crude (assuming a $15/barrel discount for sulfur content). In 2012, the total value of the crude in the SPR was approximately $43.5 billion, while the price paid for the oil was $20.1 billion (an ...
The dollar was strong, President Joe Biden was considering releasing oil from the Strategic Petroleum Reserve, and the Federal Reserve was considering increasing interest rates to deal with inflation. Also, the U.S. oil and gas rig count was the highest since April 2020. [69] Four weeks of losses happened for the first time since March 2020.
While Ebrard did not specify what it was for, Amazon Web Services had already announced in February an investment of “more than $5 billion” to build cloud-computing infrastructure in Mexico. And Ebrard said the cruise line Royal Caribbean pledged to invest $1.5 billion in the Caribbean coast resort of Mahahual, south of Tulum.
The money is going out. In January, the Biden administration put up $1.1 billion to keep California’s last nuclear power station from closing. Two months later, the Department of Energy offered ...
Mexican officials announced Tuesday what they claimed was $20 billion in new foreign direct investment in Mexico, but much of that was neither new, nor completely certain. Investor confidence in ...
President Trump's proposed tariffs on China and his threat to raise tariffs to 25 percent for Canada and Mexico to force them to help control illegal immigration and the movement of drugs across ...
In 2004, approximately 4.1 billion barrels (650,000,000 m 3) of oil was held in strategic reserves by International Energy Agency member states, of which 1.4 billion is government-controlled and the remainder held by private industry. [1]