Russia and China have signed a second, massive new gas agreement. While Moscow is happy to welcome a new buyer, Beijing is coming out on top with this deal.
A small Texas town near the epicenter of the shale boom banned fracking this week, and in so doing highlighted one of the United States’ biggest strengths.
The Saudis cut the price of crude sold to the U.S. this week in what many see as a bid to squeeze out shale, but the world’s petro-states could lose a lot in this game of chicken.
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