Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
Category: Pipelines
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Why These Giant Storage Tanks Increasingly Hold Very Little Oil
The New York Times – Business: -
Under Threat, Saudi Arabia Reroutes Oil Exports Yet Again
The New York Times – Business:Forced away from the Strait of Hormuz in the Persian Gulf, the Saudis turned to the Red Sea. Now they are relying on a less dangerous but more complicated detour via the Suez Canal.
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Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz
The New York Times – Business:Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
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Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
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Supreme Court Rejects Oil Company Argument in Fight Over Great Lakes Pipeline
The New York Times – Business:The justices sided with Michigan officials, who have raised environmental alarms and pushed to decommission an aging section of the pipeline.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Europe Heads for Another Energy Shock in a Vulnerable State
The New York Times – Business:The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices.
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Storm Poses Big Threats to Power Grids Across U.S.
Managers of electric grids say freezing temperatures and ice and snow could lead to power outages in many places, potentially leaving millions in the dark.
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National Park Service Will Close All Grand Canyon Hotels for Water Line Repairs
The National Park Service said seven hotels would temporarily close starting on Saturday after “significant breaks” in a crucial 12.5-mile water line.
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Canada Lifts Climate Laws for Alberta Oil Sands, Planning Pipeline
Prime Minister Mark Carney reached a tentative deal with the province as part of his program to curb the country’s economic dependence on the United States.
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Unexpected Critics of Trump’s Attacks on Wind Energy: Oil Executives
Business leaders and trade organizations have been especially worried by attempts to stop work on wind farms that had already secured federal approval.