NEWS
GasBuddy.com reports oil prices trade up after Syrian attack
Oil prices were trading sharply higher after the United States launched a missile attack on Syria Thursday night. Oil rose in usually quiet after-hours trade by a dollar per barrel to $52.70 after news spread of roughly 50 Tomahawk missiles being launched from two U.S. warships in the Mediterranean Sea.
“As we’ve seen in the past, oil prices hate turmoil. Tonight’s surge in prices comes as questions remain about military action in Syria moving future. Geopolitical tensions have surged tonight between some of the world’s largest oil producers, and the market, with concern abounding, will likely send oil prices higher,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “It is too early to know how severe or how long the impact to oil prices may be.”
“The missile strike in Syria this evening brings forth risk and uncertainty on a global scale. Oil’s rise this evening is based on geopolitical circumstance and as a benchmark commodity and hedge, it is likely its value will rise in proportion to developments,” said Dan McTeague, senior Canadian petroleum analyst.
“While there is not yet an imminent major impact to North American gasoline prices, the situation could rapidly change, we’re monitoring it and will keep consumers informed,” DeHaan added.
City of Bowie officials were on hand to inspect the emergency electrical generators that were delivered last week.
Mayor Gaylynn Burris and City Manager Bert Cunningham inspected one of three emergency electrical generators purchased as part of an ongoing Federal Emergency Management Agency Hazard Mitigation Grant. They also talked with Jay Evans, head of the city electric department, and Jerry Sutton, director of the water treatment plant about the next step for installation of the generators.
This grant provides funding for one 150 kW and two 250 kW generators for use at the water treatment plant.
Read the full story in the mid-week Bowie News.
City Manager Bert Cunningham and Mayor Gaylynn Burris talk with the electric and water department staff about the new generators. (Photo by Cindy Roller)
No action was taken on a legal issue after members of the Bowie City Council met in a called closed session at 4 p.m. on July 12.
City Secretary Sandy Page said the council met for almost one hour for “consultation with attorney – Midwest Waste Services LLC vs. City of Bowie.
This lawsuit goes back to August 2019 when Midwest sued the city for its action requiring those who receive city water outside the city limits to use the designated waste collector, which is Waste Connections. This was shortly after the city signed a new long-term contract with WC.
The suit was dismissed in June 2020 on two points in the suit, but City Manager Bert Cunningham said a third point remained in mediation.
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