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TODAY IN ENERGY: In the United States, most petroleum is consumed in transportation


  • Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results.
  • The last time the US Fed began to cut rates, it was a sustained drop as the headline interest rate fell from 5.25% in September 2007 to 0.25% in December 2008, which paralleled the implosion of the global financial system.
  • Interest rates could move to zero tomorrow, and American and global businesses still may not be compelled to invest due to the erratic direction of US trade policy.



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transportationConsumptionDemandOilpetroleumLiquid Fuels

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