The Consequences Of Rising Inflation & Crude Oil Prices
China announced overnight that it will impose its own tariffs in retaliation for the newly announced U.S. tariffs. China has indicated that, effective February 10, 2025, it will impose a 15% tax on certain types of coal and...more
As the COVID-19 crisis and its economic fallout intensify, contractual parties have increasingly invoked force majeure provisions to excuse performance of contracts. This article is a follow up to Schiffer Hicks Johnson’s...more
On January 31, 2020, the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury removed sanctions on COSCO Shipping Tanker (Dalian). The delisting may have resulted from US-Chinese...more
New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change - "The litigation, which follows more than three years of investigation, represents the most significant legal effort yet to establish that a...more
China's Provinces are Secretly Building Coal Plants in Defiance of the National Government - "CoalSwarm, a global network of researchers tracking fossil-fuel infrastructure, analyzed satellite imagery as of July 2018, and...more
Federal Agency Halts All Work on Atlantic Coast Pipeline After Judges Revoke Permits - "The Federal Energy Regulatory Commission sent a letter to Dominion Energy, the company leading construction of the 600-mile pipeline,...more
LyondellBasell Looking to Control Braskem; Could Help WV Cracker - "A deal could breathe life into the ethane cracker Braskem proposed for a site near Parkersburg, W.Va., roughly five years ago." Why this is important:...more
With a sustained fall in crude oil prices since June 2014 — around US$40 per barrel at the time of writing (and as low as US$27 early in 2016) — our conventional understanding of the global oil economy continues to be...more
Ending the Crude Oil Export Ban - On September 17, the House Energy and Commerce Committee passed a bill to end the 40-year-old ban on the export of domestic crude oil. The Committee vote was passed by a Republican...more