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Low Oil Prices Unlikely to Hurt Railroads Much
2015-01-02 18:59:47| Railroads - Topix.net
The stunning collapse in oil prices over the past several months won't derail the railroads' profit engine even if it does slow the tremendous growth in crude shipments seen in recent years. Carloads of crude oil spiked well over 4000 percent between 2008 and last year ? from 9,500 carloads to 435,560 ? as production boomed and the cost for a barrel of oil soared into the triple digits.
Low oil prices unlikely to hurt railroads much
2015-01-02 18:59:46| Railroads - Topix.net
In this Nov. 6, 2013, file photo, a BNSF Railway train hauls crude oil near Wolf Point, Mont.
French climate envoy says low oil prices could help produce global warming deal
2015-01-01 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Low oil prices could paradoxically help the world reach an international agreement to fight global warming, according to the French ambassador charged with organizing a key climate conference in Paris. France is spending the next 11 months trying to cajole more than 190 countries into overcoming disagreements about acceptable greenhouse gas emissions levels and who should pay to achieve them to produce a binding accord to limit emissions. Laurence Tubiana, France's special representative for...
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Low oil prices and Denver's downtown office market: What lies ahead?
2014-12-25 00:55:14| Oil & Gas - Topix.net
Low oil prices, which have dropped about 45 percent since last summer to less than $60 per barrel, are unlikely to cause much of a ripple through Denver's downtown office market in the immediate future, according to Anthony Albanese , the Denver-based vice president of the energy facilities group for commercial real estate firm CBRE . His team looked at the downturn in oil prices, which was selling for a high of $106 per barrel on the New York Mercantile Exchange in July, and how lower commodity prices might affect the office market in Denver and Houston, which bills itself as the energy capital of the world.
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Low gas prices increase car sales
2014-12-13 11:05:15| Auto Dealers - Topix.net
Nationwide, gas prices have been on a free-fall, resting now at their lowest levels in four years and down 25 percent from last year. According to popular fuel price website Gasbuddy.com, at last check, the lowest gasoline in Beaumont was at Walmart's Murphy USA gasoline station for $2.27 In the last month, passenger car sales have gone up 4.5 percent compared to last year, according to automotive sales information.
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