Washington Post (August 21)
“A looming rail work stoppage in Canada is worrying U.S. businesses and threatening deliveries of cars, timber, petroleum products, grains and other crucial supplies.” A strike would likely prevent “more than 2,500 railcars from crossing the border each day.” Estimates suggest one day of stoppage will “require three to five days for the railroads to recover” so the “consequences of a Canadian rail strike could be far-reaching.”
Tags: Businesses, Canada, Cars, Consequences, Deliveries, Grains, Looming, Petroleum, Railcars, Railroads, Recover, Strike, Timber, U.S., Work stoppage
Washington Post (April 21)
“When the price of oil seemingly stepped through the looking glass Monday and tumbled into negative value, it summoned up an image of the world of petroleum turned wrong-side-round.” This shocker “was fleeting, and symbolic, more than anything, and it won’t have much effect on the price of gasoline at the pump. But it showed just how much the coronavirus pandemic has crushed the world’s energy markets — and how the global effort to stabilize them was failing.”
Tags: Coronavirus, Energy markets, Failing, Fleeting, Gasoline, Negative value, Oil, Pandemic, Petroleum, Price, Symbolic
