WVUE Fox 8: Economists, energy experts warn of higher gas and other prices due to U.S. tensions with Russia
Eric Smith, professor of practice and associate director of the Tulane Energy Institute, was interviewed by WVUE Fox 8 about the impact of hostilities with Russia on gas prices.
“We import about 500,000 barrels a day [from Russia] and virtually all of it is either heavy crude or it is what they call heavy “Resid” or residual oil. We have the equipment to handle heavier oil and, in fact, we require heavier oil for our refineries. The reports I’ve seen said to expect something between an $8 and $10 increase in crude oil as a result of these tensions.”
To see the segment in its entirety, visit fox8live.com:
Interested in advancing your education and/or career? Learn more about Freeman’s wide range of graduate and undergraduate programs. Find the right program for you.
Other Related Articles
- Politico: Trump administration moves closer to opening Venezuela to more US oil producers
- Alumna leverages Freeman network to land dream job at Entergy
- Jobs fuel growth of MME program
- Tulane Energy Institute gets major gift from Templeton family, new name for Trading Center
- WVUE Fox 8: How the Middle East conflict is affecting oil prices
- WDSU: Gas prices face uncertainty after US strikes on Iran
- Four honored with Freeman research awards
- NOLA.com: Hydrogen could be a key resource to fueling Louisiana's future. Here's how.
