Cold Weather and/or Cold War?
The national average for a gallon of gas stands at $2.92 per gallon, down 30 cents from a month ago. (Texas $2.72/gal) Oil may be on it’s way back up today, possibly due to worries about a new cold war and cold weather on the way.
Warnings from the West to back off from supporting the separatists is raising risks that the recent gas deal between Russia and the Ukraine could fall apart. This comes after former Soviet leader Mikhail S. Gorbachev says that “the world is on the brink of a new Cold War”. Some are even saying that “it’s already begun” at a ceremony commemorating the fall of the Berlin Wall. Tension in the Ukraine, but heating fuels seem to be leading the way for fuels prices back up. Read More
Opening arguments in a huge Eagle Ford Shale mineral-rights trial to begin Wednesday morning after the parties were unable to finalize an out-of-court settlement. JPMorgan Chase Bank, as one-time trustee of the South Texas Syndicate Trust, is accused by the trust’s beneficiaries of mismanaging the mineral rights to 132,000 contiguous acres in LaSalle and McMullen counties. The beneficiaries allege that JPMorgan cut lease deals with some of its commercial clients at rates and terms that were unfavorable to the trust.The trust owns the mineral rights but not the land. Read More
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This has been Randy Watson of the No Bull Radio Network for the Eagle Ford Minute.