Oil producers are finding that their strategy to supercharge oil and gas production by drilling thousands of new wells close together is turning out to be a bust. What’s more, it is hurting the performance of older existing wells, forcing the industry to rethink its future. Upshot – oil production from such sites as the Permian Basin won’t rise as quickly as expected.
Meanwhile, OPEC is showing a great deal of discipline keeping volume down with Saudi Arabia taking the lead.
So – expect a general firming of diesel prices.
China imported about 40% of America’s recyclables, and an even greater proportion from other countries, to feed its insatiable need for raw materials. Now it has cut off its purchases. Enter ingenuity: a new railroad tie made of glass fibers and recycled plastic that is claimed to last 6x longer than wood.