Not exact matches
Another catalyst can be found in the surge in WTI
oil due to
tighter inventories corresponding with
less flow through the Keystone pipeline from Canada.
While gold prices have more or
less remained in a
tight band from the start of 2016, the escalating crisis in the Middle East has led to massive volatility in crude -
oil prices, and at the end of November this year, crude
oil has rallied by 55 percent compared to the 20 - percent gain in gold.
Current
tighter engine designs reduce
oil consumption, resulting in
less fresh
oil makeup to replenish depleted additives.
Using
less oil — and transitioning to cleaner transportation technologies — would help decrease the need for unconventional energy sources like
tight oil or tar sands.
That projection — almost unimaginable
less than a decade ago — results from the energy revolution, in which private investment and private producers are accessing vast quantities of
oil and natural gas from shale and other
tight - rock formations, safely and responsibly, via modern hydraulic fracturing and horizontal drilling.