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New Workhorse in Town

By: Ryan Wolfe / Posted on: May 10, 2019

Shortly after closing the doors in Lordstown, OH, GM is in discussions to sell the facility to an Electric Truck company named Workhorse.  GM made the decision in November to close down four U.S. based production plants, one of which was located in Lordstown, OH and home of the Chevrolet Cruze Sedan.  According to Tom Colton, head of investor relations for Workhorse, the talks are still in the preliminary stages.  There is no time table for speculation of the potential returning jobs to the area.  The United Autoworkers Union (UAW) has a different agenda in mind.  The UAW is trying to push for a reemergence of a petrol powered vehicle plant in the old GM facility, speculated to harbor more employees than Workhorse.

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Trump's Tweet Helps Send Us Lower

By: Mike Dombroski / Posted on: March 28, 2019

WTI failed to settle above $60/barrel yesterday and President Trump’s tweet warning OPEC on high oil prices may be taking the wind out of the bull’s sails.

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Trade Talks Buoy Markets, but U.S. Production Growth Looms

By: Mike Dombroski / Posted on: January 8, 2019

The U.S. and China conclude their two-day trade talks in Beijing today with President Trump tweeting this morning “Talks with China are going very well!” This tweet and word that China had their top trade official, Liu He, attend the talks early this week have boosted equity and oil markets along with it as February WTI trades higher today to $49.42/barrel despite growing U.S. oil production.

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What in the world is going on?

By: Thomas Roberts / Posted on: December 5, 2018

If you read this blog or pay close attention to the oil and gas industry or financial markets you most likely see a lot of headlines about OPEC, geopolitics, Saudi Arabia, President Trump, China, etc. It is a lot to keep track of and with only 4 weeks, left to 2018 there is an abundance of topics to discuss. Today, I wanted to give a short list of some of the major events unfolding across the globe and hopefully give some insight as to what is going on in the world that is effecting the recent volatility in the markets.

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Big Corn vs. Big Oil: Zero-Sum Game

By: Thomas Roberts / Posted on: October 10, 2018

 

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