Neoline blows in as 'a different type of shipowner and operator'
It is becoming possible for some ships to save a portion of their emissions by ...
XOM: INCOME PLAYSTLA: BOUNCING FROM LOWSCHRW: A SLEW OF UPGRADES MAERSK: MOMENTUMAAPL: BOOOOMMMAMZN: CONF CALL TRANSCRIPT SCREENING ZIM: MAERSK BOOST DHL: SHRUGGING OFF CYBER TROUBLE SO FARGXO: WINCANTON RISK HEIGHTENSGXO: REMARKS THAT WERE NOT LIKEDMAERSK: SURGINGMAERSK: CLIENTS NOT EXPECTED TO PAY MORE FOR GEMINIMAERSK: NO GXO APPETITEMAERSK: 'NOT FULLY SATISFIED YET' MAERSK: 'GEMINI DESIGN' MAERSK: GEMINI NETWORK MOVING PARTSMAERSK: CAPITAL RETURNSMAERSK: CONSOLIDATION ON THE RADARMAERSK: CONF CALL
XOM: INCOME PLAYSTLA: BOUNCING FROM LOWSCHRW: A SLEW OF UPGRADES MAERSK: MOMENTUMAAPL: BOOOOMMMAMZN: CONF CALL TRANSCRIPT SCREENING ZIM: MAERSK BOOST DHL: SHRUGGING OFF CYBER TROUBLE SO FARGXO: WINCANTON RISK HEIGHTENSGXO: REMARKS THAT WERE NOT LIKEDMAERSK: SURGINGMAERSK: CLIENTS NOT EXPECTED TO PAY MORE FOR GEMINIMAERSK: NO GXO APPETITEMAERSK: 'NOT FULLY SATISFIED YET' MAERSK: 'GEMINI DESIGN' MAERSK: GEMINI NETWORK MOVING PARTSMAERSK: CAPITAL RETURNSMAERSK: CONSOLIDATION ON THE RADARMAERSK: CONF CALL
This is an interesting point. The news that the US will become one of the largest producers of oil could lead one to believe that oil will become cheaper for US consumers. This, of course, is not the case. Oil is a global commodity and will stick to a global price. The advantage is simply less reliance on other countries. (There’s a WSJ article here, or click on ‘read more’ for the logistics angle.)
Comment on this article
Michael Webber
November 19, 2012 at 7:07 pmI’m not nearly as saddened that US consumers won’t enjoy a windfall at the pump as I am that US taxpayers won’t receive any benefit. One of the most egregious ripoffs is how little energy companies pay to exploit public lands. The royalties on this production could take that doomsday deficit down substantially but instead the energy lobby & their stooges in Congress will make sure that they continue to pay a pittance – all the while feigning some kind of abuse from regulators & tax-collectors.