While the current oil glut and continued weak oil prices make biofuels excessive and more expensive, there is no indication of a cutback in the renewables per percentage of each gasoline gallon.
The federal government's incomparable passion with the universal climate control is throwing a roadblock into a major American breakthrough in world light-oil exports and a straight path to final energy independence.
While first-quarter commodity prices were deeply embroiled in “bearish” territory during 2015’s first four months, a rebound is likely in the making later in the year.
When looking into America’s economic future, a fast-growing world population expected to increase by 50% will likely generate a crude oil demand from 90 million bpd to at least 130 million bpd by 2030.
The speed and the intensity with which the price of global crude oil dropped from $100 a barrel at mid-year 2014 to the low $40s by the end of January 2015 is still befuddling.
What has made the current oil status quo so dangerous is that Saudi Arabia, Russia, Iran and Venezuela have built their economic budgets on $100-per-barrel oil pricing.
As the pundits, analysts, financial experts and self-styled business meteorologists gaze into their 2015 economic crystal balls, all seem to realize the 50% drop in oil prices has opened the door to dire consequences, whose fate has yet to be determined.
With corporate mergers and acquisitions in the doldrums of the post “great financial recession” aftermath, the increasing possibility of U.S. government action against the “tax inversion” dodge seems to have quickened a new wave of mergers and acquisitions.