#crude oil

The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent. ↗

— Gary Miller

#crude #crude oil #demand #depends #driven

A variety of factors contribute to the price of gasoline in the United States. These factors include worldwide supply, demand and competition for crude oil, taxes, regional differences in access to gasoline supplies and environmental regulations. ↗

— Gary Miller

#competition #contribute #crude #crude oil #demand

Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market. ↗

— Gary Miller

#countries #crude #crude oil #energy #energy companies

As we all know, no crude oil refineries have been built in the United States since 1976. During that time, close to 100 ethanol refineries have been built. ↗

— John Shimkus

#built #close #crude #crude oil #during

About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it. ↗

— Peter DeFazio

#books #course #crude #crude oil #doing

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation. ↗

— James Buchan

#adjusted #age #average #barrel #century

First off, the crude oil market, unlike every other commodity in America, is virtually unregulated. ↗

— Peter DeFazio

#commodity #crude #crude oil #every #first

Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed. ↗

— James Buchan

#assertive #commodities #crude #crude oil #dictation

In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there. ↗

— Peter DeFazio

#crude oil #increase #margins #oil #over

If I think too much about all of those Chinese factories where all the stuff in a Wal-Mart is made, I get that woozy feeling you get when you see ducks covered in crude oil. ↗

— Doug Coupland

#chinese #covered #crude #crude oil #ducks