July 7th, 2008
Adam Kritzer at CurrencyTrading.net has written an article on “8 Ways the Bush Administration Has Caused the Oil Price Boom.”
While Venezuela, one of the US sources, can increase supply, Adam Kritzer reports that Venezuelan President Hugo Chavez, despite ideological disagreements with President Bush, has offered to dialog but has been repeatedly rebuffed. Kritzer also […]
By ren -- 0 comments
July 7th, 2008
Adam Kritzer at CurrencyTrading.net has written an article on “8 Ways the Bush Administration Has Caused the Oil Price Boom.”
. . . the ongoing US military effort [in Iraq] requires 3 million gallons of imported gasoline per day to sustain its operations. Disregarding the cost to taxpayers- estimated at $1 Billion per week due to […]
By ren -- 0 comments
July 7th, 2008
Adam Kritzer at CurrencyTrading.net has written an article on “8 Ways the Bush Administration Has Caused the Oil Price Boom.”
The Bush Administration’s aggressive foreign policy has also contributed to the surge in oil prices. When the USA invaded Iraq in 2003, the justification was that Saddam Hussein was harboring weapons of mass destruction, and secondly, […]
By ren -- 0 comments
July 7th, 2008
Adam Kritzer at CurrencyTrading.net has written an article on “8 Ways the Bush Administration Has Caused the Oil Price Boom.”
Adam Kritzer notes that the Dollar has depreciated 37% against its chief rival, the Euro. Against the Canadian Dollar (Canada being the biggest source for the US of imported crude is at 1.8 million barrels […]
By ren -- 0 comments
July 6th, 2008
With the price of gas going up on a week-to-week basis (Energy Inforation Administration), it is good economic practice not to go below half a tank on your gas. This way, you will always have half of your gas at the lower price of the past week and will be spending gas at a […]
By ren -- 0 comments
July 5th, 2008
Average gasoline prices in the US ($ 4.079 as of 23 June) dipped a bit from the previous week (about $0.003), but still more than a dollar increase from a year ago. The expectation is gasoline prices will continue to rise.
While the fuel truck is pumping fuel into the gas station’s storage tank, sediment […]
By ren -- 2 comments
July 3rd, 2008
Average gasoline prices in the US ($ 4.079 as of 23 June) dipped a bit from the previous week (about $0.003), but still more than a dollar increase from a year ago. The expectation is gasoline prices will continue to rise.
The trigger on the hose for filling up has three settings: low, middle, and […]
By ren -- 0 comments
July 2nd, 2008
Average gasoline prices in the US ($ 4.079 as of 23 June) dipped a bit from the previous week (about $0.003), but still more than a dollar increase from a year ago. The expectation is gasoline prices will continue to rise.
For safety, gas stations have their storage tanks underground. Temperature affects fuel: […]
By ren -- 2 comments
June 17th, 2008
An article in the New York Times (14 June 2008) reported that Saudi Arabia, the world’s largest oil exporter and the US’ second largest source of crude, announced that it was increasing its production level by 500,000 barrels per day.
This move of Saudi Arabia is not entirely a response to the economic problems of countries […]
By ren -- 1 comment
June 16th, 2008
An article in the New York Times (14 June 2008) reported that Saudi Arabia, the world’s largest oil exporter and the US’ second largest source of crude, announced that it was increasing its production level by 500,000 barrels per day.
In a previous post, we dug up statistics from the Energy Information Administration which showed that, […]
By ren -- 0 comments
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