Thursday, November 28, 2024

Venezuela’s Brewing Oil Shock May Be Bigger Than Iran’s

From The Wall Street Journal The oil headlines this week have all been about Iran, but the slowly unfolding disaster in Venezuela may be even more significant. Less than two weeks before a controversial snap presidential election that would almost certainly give incumbent Nicolás Maduro a six-year term, the country’s main source of export revenue could take another drastic tumble. S&P

Longmont City Council Makes Deal with Oil Companies

From The Denver Channel LONGMONT, Colo. — The Longmont City Council voted unanimously Tuesday night to move forward on a deal with two oil and gas companies to stop operations within city limits. As part of the deal, the city would pay out $3 million in future mineral rights royalties to the two companies. In return, drilling would stop at eight