Oil: Supply and Demand
Fires, pipeline failures, power outages, and hurricanes are all given as reasons for price hikes on gasoline. The tenuous balance between supply and demand is easily disrupted.
Oil Loading Racks
Oil companies are not in the business of selling gas to consumers. They own the loading racks where oil tankers fill up in order to deliver gas to
Oil Refineries: Choke Point
Oil companies have gained power over price. While oil company capacity has risen 14%, oil demand had risen by 15%.
Geopolitical Complications of Oil
Iran makes it clear that it will hit Saudi Arabia's main oil facilities with missiles. The true cost of oil is not figured into the cost of gas
Deep Water Oil Extraction
Does the U.S. have enough domestic oil to get the country off its dependence on foreign oil? Oil companies are going 7000 feet deep for oil in the
Dependence on Foreign Oil
The Republican mantra, "Drill, baby, drill," came out of frustration over continued dependence on foreign oil.
What Is Oil?
Oil is the product of billions of years of decomposition of accumulated plants, animals, and microbes. Americans consume 400 millions gallons of gas
Oil: The Source
America uses more oil than it produces. Imported oil accounts for 70% of the American supply. Five countries have most of the world's remaining
Oil for Profit
From the time oil comes out of the ground to the time it reaches a gas pump, it may change hands 30 times, and each time, someone wants a profit. The
Oil Market Manipulation
Investors large enough to buy huge quantities of oil for speculation can and do manipulate the oil market. Currently, there are no laws against this