Experts torn over when ‘demand destruction’ could trigger gasoline price relief
There’s a famous saying that ‘the cure for high prices is high prices,’ but when it comes to gasoline, that may not necessarily be the case.
Experts are torn on when or even if drivers might see significant “demand destruction” — an economics term for a sustained decline in demand for a product due to excessively high prices — at the pumps.
Buffalo Potash to set up research facility in Estevan, looking at commencing drilling later this summer
ESTEVAN - On June 9 during a visit with the Estevan City Economic Development Board, Buffalo Potash Corp. CEO Steve Halabura formally committed to set up a solution mining research and development facility on land owned by the city. The parcel is located beside the...
Moe and minsters meet with energy industry participants, discuss ESG, increasing oil production
Every so often the Saskatchewan government employs former Prime Minister Stephen Harper to conduct a series of industry consultations. June 16 was such a day, with four different groups meeting with Premier Scott Moe and a number of provincial ministers in Saskatoon to discuss their concerns. Energy representatives were among them.
Russia reduces natural gas through European pipeline again
BERLIN (AP) — Russia's Gazprom announced a reduction in natural gas flows through a key European pipeline for the second day in a row on Wednesday, hours after Germany's vice chancellor said its initial move appeared to be political rather than a result of technical...
Biden tells oil refiners: Produce more gas, fewer profits
President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump.
“The crunch that families are facing deserves immediate action,” Biden wrote in a letter to seven oil refiners. “Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis.”
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