Children’s Tylenol, Advil to start hitting pharmacy shelves next week

Children’s Tylenol, Advil to start hitting pharmacy shelves next week

Health Canada said Friday that more than one million bottles of foreign-sourced children’s pain and fever medication will be arriving in Canada, but did not say how much of that will be accessible to parents or how much more will be necessary to alleviate the nationwide shortage . Dr. Supriya Sharma, chief medical adviser for … Read more

JP Morgan’s CEO Urges US Oil And Gas Drillers To Raise Production

JP Morgan’s CEO Urges US Oil And Gas Drillers To Raise Production

Jamie Dimon, the chief executive of JP Morgan, called on the US oil industry to boost crude production to make up for OPEC+ cuts that could cause a severe shortage in the global oil market. “In my view, America should have been pumping more oil and gas and it should have been supported,” Dimon told … Read more

The Perfect Storm Is Brewing In US Diesel Markets

The Perfect Storm Is Brewing In US Diesel Markets

1. Threat of Railways Stike Highlights US Energy Vulnerability – The prospect of a nationwide railway strike pushed US natural gas futures up above 9 per mmBtu, amidst fears of coal-by-rail disruptions, underscoring the importance of gas in power generation. – According to the US EIA, consumption of natural gas in the United States is … Read more

The Energy Market’s Next Crisis: Oil Tanker Shortages

The Energy Market’s Next Crisis: Oil Tanker Shortages

In the new era of energy shortages, one aspect of the situation has tended to get overlooked: the transport of energy. Demand for tankers has been on the rise since the European Union slapped sanctions on Russia in the spring, and this trend is only going to intensify in the coming months as the EU … Read more

More emergency departments across Canada forced to temporarily close because of staff shortages

More emergency departments across Canada forced to temporarily close because of staff shortages

Ambulances parked by the emergency deptartment at Toronto Western Hospital on July 14.Fred Lum/The Globe and Mail Ottawa’s Montfort Hospital was among the hospitals across Canada forced to close their emergency departments over the weekend, suggesting the most acute effects of the country’s shortage of nurses are starting to spread beyond smaller communities and into … Read more

Austria Plans To Power Industry With Oil Instead Of Gas

Austria Plans To Power Industry With Oil Instead Of Gas

Austria’s energy minister said it intends to order industry and utilities to switch from using natural gas as it looks to stockpile more natural gas to help insulate it from being cut off from Russian supplies, Reuters reported on Tuesday. Austria will encourage industry and utilities to use alternate fuels such as crude oil, Austrian … Read more

Oil Markets Could Face A Doomsday Scenario This Week

Oil Markets Could Face A Doomsday Scenario This Week

Global oil markets are going to be very volatile in the coming months if news emerging from OPEC’s main producers about production capacity constraints turns out to be true. OPEC will be meeting again in the coming days to discuss its export agreements, while today the oil group is presenting its Annual Statistical Bulletin (ASB) … Read more

Diesel In ‘Crisis’ Mode As Prices Break Records

Diesel In ‘Crisis’ Mode As Prices Break Records

Diesel prices, the lifeblood of industry, have hit a record $5.16 per gallon, trending $1 per gallon higher than gasoline prices, with inventory shortages adding severe pressure and resulting in inflated prices for consumer goods. “While gasoline prices get much of the attention, diesel, which broadly is the fuel that moves the economy, has quietly … Read more

Is Today’s Energy Shortage Worse Than The 1970s Oil Crisis?

Is Today’s Energy Shortage Worse Than The 1970s Oil Crisis?

In 1973, after the Yom Kippur war between Israel and a coalition of Arab countries, Middle Eastern oil producers declared an embargo on oil exports to the United States as punishment for its support of Israel. What followed was an energy crisis of epic proportions. According to Daniel Yergin, the current energy crisis could be … Read more