I can’t see the logic behind the calls for more production in the US. Isn’t the price of oil just determined by global supply and demand?
@whiteflame55
So the US government would tell Exxon and BP and Texaco what price they have to sell their oil for in America? And that they may not export any?
Isn’t the over 0/barrel price just on the futures market? I have heard that the oil companies are not actually paying any more for the crude oil they are buying right now than they were before. That is why their profits were at record highs during the last spike in the futures market.
And IF this [...]
I know that the prices for oil/gas have been rising in the USA because of the middle east protesting, but what I want to know is HOW is this protesting effecting the oil market?
not how, I mean why is it effecting the prices for oil?
no one is answering the actual question I am asking! WHY [...]
And how can oil be sweet?
since we are heading to another severe depression/inflation, US is constantly being bombarded by horricane which destroy the oil rig there.and the States will increase the crude oil price throughout the world. and why not they give it to other countries which are not prone to climate calamity.
what happens to crude oil when it is left alone in the earth? i know that crude oil is a biproduct from way back when, but if left alone in the earth what would it "turn" into, if left alone for say, how ever long?
Or would OPEC still dictate the price we pay at the pump. Lets say we tapped into a trillion barrels of oil under US soil, would this have any impact on what we pay?
I agree Thomas, that seems like the most rational thing to do seeing that oil is a finite resource.
COW, Crude oil compared to Bunker Oil.
I get why the price of food goes up when the price of oil does. But I was wondering why the price of food stays up? If the price of oil drops, the price of food doesn’t.
Crude Oil has reached all-time highs, coming very close to 0 in recent days (although it has dropped to about ). Where do you see the price of oil being at in the next few months? But more importantly, where do you see it being at, in a year from now? And [...]
The son of wacko Gaddafi said that if the anti govt protesting doesn’t stop he will order the army to kill who ever is protesting and will turn Libya into a civil war; no joke it was like watching something during medevil times; anyways I know Libya is an oil player; will the Civil war [...]
crude oil is a mixture, which physical separating methods (sieving, filltering, evaporation, distillation, etc.) would you use?
or some other nation from seizing the Iraqi oil fields?
I’m doing a project about oil spills and I would like to find oil that is the most similar to crude oil. Gasoline? Vegetable oil? Used motor oil? Olive oil? Etc.
a)positive demand shock
b)negative demand shock.
c)positive supply shock.
d)negative supply shock.
Where can I find out the price of oil per gallon online?
I heard a news report some years ago that if we utilized every drop of oil that is in the US it would only last us for one year. But I read other reports on the internet say that we have one of the largest untapped oil supplies in the world.
Why is it when the price of crude oil goes up (gas prices go up),
"Experts" say it’s bad because people can’t afford gas?
Then, when crude oil prices drop (gas prices drop), "Experts" say it’s bad because investors loose money?
They both can’t be bad !!
What is Crude oil?
How is it formed?
Where do you find crude oil?
How do we get crude oil?
Why oil is so useful?
What products do we get from crude oil?
What are the problems associated with crude oil
Burning-pollution
Oil spills-Exxon valdes, sea Empress
[...]
what else should US expect ;price-wise.
Also will Russia benefit from it/? In terms of oil price.
Since February 2010, what changes have been made to the price of oil, and why has this happened?
If you think crude oil prices will continue to rise due to increased demand and reduced supply what is a good stock or ETF to get exposure?
What is derived from crude oil besides gasoline? Do we use it to produce electricty, in home heating & such ?? What other products price should I expect to go up when the price of oil increases
Thanx
Crude Oil (Brent) is about 0 / barrel (spot) with natural gas at .3 MM BTU. How do you find %