Price of Oil Fluctuates with Geopolitical Trends
After oil prices skyrocketed to three-digits adding up to about $140 per barrel, U.S. oil dropped more than 8%, breaking below $100 per barrel. Senior energy trader at CIBC Private Wealth U.S., Rebecca Babin, noted the decline could be attributed to a mix of geopolitical and demand factors in the economy. While Russia continues with […]
Unprecedented Economic Trends for March
March 2022’s economic trends are unlike anything America has witnessed before. The number of unemployed individuals rose to 227,000, while employers are desperate to fill 4,273,000 available jobs. The U.S. trade deficit expanded to $89.7 billion as exports declined and imports increased by 2%. Oil prices surged as the U.S. and NATO-allied nations came together […]
Chemistry Could be the Solution to Better Infrastructure
The chemical industry is in an auspicious position to lend a hand in helping to achieve an ambitious agenda to build a better America. Chemistry is inevitable to scientific advancements necessary to accomplish a wide range of sustainability and climate goals linked to infrastructure and global supply chains. The chemical industry invests more than $10 […]
US Becomes World’s Leading Exporter of LNG
Following Europe’s energy crisis and China’s shortages, the United States has become the world’s leading exporter of liquefied natural gas (LNG). Only shipping their first LNG cargo in 2016, The US has surpassed Qatar and Australia for the first time in as little as six years. According to forecast analysts at ICIS and the US […]
Green Initiatives May Contribute to Inflation
“Going Green” may mean adding to consumer costs when it comes to the shipping industry. According to the International Energy Agency, international shipping was responsible for approximately 2% of “Global energy-related CO2 emissions in 2020.” With universal concerns about sustainability and climate change rising, shipping giant Moller-Maersk announced it’s plans to reach net-zero greenhouse gas […]
