#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

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

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

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