The International Energy Agency predicts production to outstrip demand by a record 4 million barrels per day by next year. Meanwhile, there are about a billion barrels in tankers currently at sea.
The latest NFIB survey of small businesses found nearly a quarter of small businesses raised prices last month. And nearly a third plan to do so in the next three months.
Delta just reported strong quarterly earnings by focusing on high-end consumers willing to pay for high-end perks. Budget airlines are having a harder time.
The Department of Energy said the U.S. is taking a 5% equity ownership in Lithium Americas, a company that’s working to open up one of the world’s largest lithium mines at Thacker Pass in Nevada.
