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Some economists now see first-quarter growth as negligible, and it could easily turn out to be negative. Economists shaved already weak growth forecasts by a few more tenths Friday, after wholesale inventories fell 0.5 percent month over month in February, much more than the anticipated 0.1 percent decline. January was also revised down by 0.4 percent. The closely watched Atlanta Fed GDPNow model now shows first-quarter growth tracking at 0.1 percent, compared to a 0.4 percent estimate earlier in the week. JPMorgan economists now forecast the economy only expanded by 0.2 percent in the first quarter, from 0.7 percent. Barclays...

The United States and Canada work well together. The countries share the world’s largest and most comprehensive trade relationship, exchanging more than $2 billion per day in goods and services; the U.S. is Canada’s largest foreign investor and Canada is the third-largest foreign investor in the U.S. The partnership clearly isn’t broken, but it may need some mending as bilateral and international gas trade stands to complicate matters in short order. As with most current global natural gas issues, we must first look back to the shale gas revolution. In 2005 – just as hydraulic fracturing was finding its feet...

The massive Leviathan gas field was discovered in Israel’s offshore Levant Basin over six years ago, and while it theoretically puts Israel on the global energy map for the first time and could change the geopolitical dynamics of the entire Middle East, the Israelis themselves seem to be doing everything in their power to keep it from coming online. Its owners—U.S.-based Noble Energy and Israeli partner Delek Group—along with their shareholders are probably wondering if gas is ever going to come out of this giant of giants. At stake is a massive gas field worth $5-$6 billion and believed to...

I am seeing the big picture - Trump is saying we don't need these Muslim Saudi and Iranian savages anymore. Get the Eastern Christians (which includes Russians) and the Israelis working their gas resources and leave the filthy head chopping Muslims behind and keep them out. This George Papadopoulos was also a Ben Carson advisor. Thank you, Jesus. I am commenting on the info I read in the Washington Post article here: https://www.washingtonpost.com/news/checkpoint/wp/2016/03/21/meet-the-men-shaping-donald-trumps-foreign-policy-views/George Papadopoulos Papadopoulos, a 2009 graduate of DePaul University, directs an international energy center at the London Center of International Law Practice.He previously advised the presidential campaign of...

Fracking accounts for close to 50 percent of all natural gas and oil production. Our production of natural gas from shale fields and tight gas has increased by 40 billion cubic feet per day since 2002. Our production of shale and tight oil from fracking has increased by 4 million barrels a day since 2002. Fracking is one of the main reasons why oil and natural gas prices are so low. That also makes it one of the main reasons why gasoline and diesel prices are so low, and electricity prices have dropped in many areas. Crude oil is the...

THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...

Obama Administration has illegally bypassed Congress, the Federal Energy Regulatory Commission, and the States and their Public Utility Commissions The global warming/climate change industry has been aggressively pushing renewable energy, wind, solar, and biofuels for a long time even though the economies of various industrialized countries need much more energy than what renewables generate. The green activists have been zealously lobbying Congress and the EPA to change the laws, rules, and regulations that would make it much more expensive and difficult for fossil fuel energy producers to survive while passing the higher costs onto consumers, impoverishing those customers on fixed...

THE JACKI DAILY Show! Listen live at 2PM Eastern! Now playing also on station KWEL in Midland-Odessa! The host of the Jacki Daily show has had an impressive career in energy, law, and politics.Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as...

Live at 2PM! Listen to The Jacki Daily Show! The host of the Jacki Daily show has had an impressive career in energy, law, and politics. Most recently, Jacki served as General Counsel to an engineering firm specializing in energy, national security and environmental cleanup. Previously, she served many years as legal counsel on Capitol Hill to the Chairman of the Subcommittee on the Constitution and the former Ranking Member of the Commercial and Administrative Law Subcommittee, advising on the oversight of federal agencies. Prior to her career in Washington, she worked as a corporate litigator, and as an Assistant...

The massive Leviathan gas field, nestled deep inside the Levantine basin off Israel’s Mediterranean coast, is considered a game-changer for both Israel and Europe, but a wide range of roadblocks is threatening development, and now production will be delayed by at least a year. Political hurdles, regulatory approvals and tricky investment decisions have already put production off until 2019, and there are now fears that all the problems surrounding a discovery that put Israel on the energy map for the first time in history will impact prospects for future foreign investment in the country. As the project landed in controversy,...

British businesses could have their gas supplies cut off in order to keep households in other parts of Europe warm, under a proposed new EU law. A new "solidarity principle" would apply to gas supplies to ensure that households, healthcare and security services across Europe were maintained as a priority in the event of a severe crisis. "In practice this means member states will have to give priority to protected consumers in neighbouring countries over non-protected customers at home," Miguel Arias Canete, the EU energy commissioner, said. "We don’t back legally-binding rules in this area, which is what we and...

Obama on federal coal mining is a throwback to Carter administration failings. resident Obama's plot to use the National Environmental Policy Act (NEPA) to kill federal coal mining with a thousand paper cuts is not the first time he has used NEPA to try to end energy development. Disturbingly, his scheme is a throwback to President Carter and a decade-long moratorium that ended only when President Reagan took office. Meanwhile millions of Americans, vast regions and the nation's economy will suffer. In 2009, the Obama administration settled a "sweetheart lawsuit" by environmental groups by agreeing to a NEPA study on...

A Louisiana man issued a federal oil and gas lease in 1982, but denied the right to explore his property since approval of his application for permit to drill (APD) in 1985, recently responded formally to a brief filed by the United States government in which it argued that it has authority to cancel his lease and will cancel his lease as soon as its proposed schedule for doing so is approved by the federal court. Mountain States Legal Foundation (MSLF) represents Sidney Longwell of Baton Rouge, whose company Solenex, LLC owns the Reagan-era lease, and which sued Secretary of...

Gas prices in Chicago are still falling, but the price at the pump is having a negative impact on the economy. ... as the cost to fill up your tank goes down, could this also be a sign -- the economy is tanking? Commodities trader Scott Shellady thinks so. "It's bad for everybody. We are going to lose one-fifth of the jobs we created in 2008," said Shellady. And he doesn't expect a market rebound anytime soon. So if you were hoping to cash in your 401K or IRA and retire in the next year, Shellady says, rethink your plans....

The Utah Attorney General's Office filed a lawsuit Thursday against the Department of the Interior and Department of Agriculture, claiming the agencies' strategy to disallow new mining on or near greater sage grouse habitats is a breach of "numerous federal laws and regulations." The lawsuit in U.S. District Court seeks an order voiding the federal government's land-use plan amendments submitted last year that would directly prohibit new hard rock mining on 233,300 acres in Utah. "The state of Utah claims that the 2015 federal plan amendments disregarded the hallmark of federal land management -- multiple use and sustained yield --...

On September 24, 2015, the federal Bureau of Land Management (“BLM”) published a Notice of Proposed Withdrawal (“BLM notice”), proposing to withdraw from mineral location and entry federal lands identified as “sagebrush focal areas” in Idaho, Montana, Nevada, Oregon, Utah, and Wyoming. The BLM notice commences a two-year temporary segregation period, prohibiting location and entry of new mining claims on BLM and U.S. Forest Service lands in these sagebrush focal areas. If the BLM decides to withdraw the area at the end of the segregation period, the withdrawal will last up to 20 years, but could be extended in the...

Inventories will continue to rise, but the momentum is slowing. The following are some observations as to how we got here and how we’re gonna get out. 9 reasons why oil has taken so long to bottom: 1. OPEC increased production in 2015 to multiyear highs, principally in Saudi Arabia and Iraq where production between the two added 1.5 million barrels per day (mb/d) to inventories after the no cut stance was adopted. 2. Russian production increased in 2015 to post Soviet highs. 3. Long planned Gulf of Mexico production began coming on in late 2015. 4. An overhang of...

CNBCJanuary 18, 2016 While gas prices are low nationwide, some stations are slashing the fuel's price to rock-bottom levels to the tune of less than 50 cents a gallon. The drastic price cuts are part of a gas price war at three Houghton Lake, Mich., stations. During the last three days, the prices dropped below a buck per gallon, falling as low as 46 cents at Sunrise Marathon. Meanwhile, the Beacon & Bridge gas station was as low as 47 cents, said employees of each station in interviews with CNBC.(snip)

Gasbuddy.com says several stations in Houghton Lake, Michigan have lowered their prices under $1 per gallon, in what appears to be a price war. According to GasBuddy it appears these stations are currently the first stations in the country to see prices under $1 per gallon in years. As the situation unfolds, it's possible these stations re-raise prices back over $1/gallon. 78 cents per gallon was recorded at Beacon & Bridge Market while 95 cents per gallon was recorded at the Marathon in Houghton Lake. Prices were verified by GasBuddy after a review of photographs uploaded to GasBuddy's app.

I live a half hour away and it's $1.77. Just got word from a friend. Check it with Gas Buddy.