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Editorial: Prioritizing fighting terrorism over climate change is a no-win scenario

The start of the Paris climate summit on Monday should be a moment of glory for President Obama. His administration has instituted the country’s first serious action against climate change by requiring dirty coal plants to drastically lower emissions. He played a key role in China’s dramatic attitude shift on climate. His rejection of the Keystone XL pipeline prompted a ...

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Editorail: Defeating Islamic State — without a U.S. invasion

When President Obama announced an international campaign to “degrade and ultimately destroy” Islamic State last year, the organization was primarily a regional threat, inflicting its savagery on the people of Iraq and Syria and on hostages from other countries who were captured in the Middle East. But the coordinated attacks in Paris that killed 130 people and the downing of ...

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Hedge fund short positions and oil prices in 2015: Kemp

(The opinions expressed here are those of the author, a columnist for Reuters.) LONDON – U.S. oil prices have cycled between $40 and $60 per barrel since the start of 2015 and the rise and fall has corresponded with the accumulation and liquidation of hedge fund short positions. There have been at least three cycles in WTI prices and hedge ...

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Hedge funds turn very bearish on U.S. crude: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Hedge funds and other money managers had amassed short positions in U.S. crude oil amounting to 154 million barrels by last Tuesday according to data from the U.S. Commodity Futures Trading Commission (CFTC). Short positions have increased more than 70 percent since the middle of ...

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Stein’s law says oil prices will rise: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – “If something cannot go on forever, it will stop,” according to Herbert Stein, former chief economist to U.S. President Richard Nixon (“What I think: essays on economics, politics and life” 1998). Stein’s law is one of the most simple but important statements in economic theory, ...

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EDITORIAL: Lifting crude-oil export ban would help Big Oil, hurt the rest of us

In 1975, after the country was shaken by the Arab oil embargo, Congress passed a ban on exporting crude oil from the United States. The motivation was to promote domestic fuel production and efficiency and to decrease U.S. dependence on foreign resources. Forty years later, we’re still working toward these goals. And we’re also trying to slash greenhouse-gas emissions, which ...

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Kemp: Should we worry as oil stocks hit 3 billion barrels?

(The opinions expressed here are those of the author, a columnist for Reuters.) LONDON – Nearly 3 billion barrels of crude petroleum and refined products are being stored by oil firms in the advanced economies according to the International Energy Agency (IEA). Commentators have seized on the 3 billion figure as a shorthand way to convey how oversupplied the oil ...

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India, not China, powering growth in fuel demand: Russell

(The opinions expressed here are those of the author, a columnist for Reuters.) LAUNCESTON, Australia – – China’s fuel usage tends to gather headlines as an indicator of the strength of global crude oil demand, and while this has been justified, the real growth action is happening over the Himalayas in India. India’s total demand for oil products is about ...

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California’s gasoline demand slowed over the summer: Kemp

LONDON – California motorists drive almost 1 billion miles every day, and in doing so consume around 40 million gallons of gasoline and 8 million gallons of diesel. Californians use their cars a bit less than the average U.S. resident but the state’s population is so large it is one of the largest driving markets in the world. State motorists ...

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Editorial: It’s time lawmakers get rail safety on track

Janesville residents should appreciate that trains rolling through the Five Points intersection on the west edge of downtown don’t carry volatile Bakken crude oil from North Dakota and Montana. However, they do carry ethanol from Milton’s factory. They carry anhydrous ammonia used on farms and many volatile, flammable, toxic and corrosive chemicals local industries need. Residents also should take comfort ...

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