A weekend attack onmajor oil facilities in Saudi Arabiathat cut the kingdom's output in half prompted President Donald Trump on Sunday to say he is prepared to tap the Strategic Petroleum Reserve "if needed" tokeep energy pricesand crude supplies stable. But what is the Strategic Petroleum Re...
EconMatters
The answer is absolutely not." That’s because the group of importers are using their strategic petroleum reserves, which are limited. On the other hand, OPEC and its allies have oil reserves that can last for decades. "So there is no comparison between the two," Galimberti said. Will gas...
Pumping into the Strategic Oil Reserve at a Time of Record High Oil Prices? It's just plain dumb. Why is the U.S. government, at George W. Bush's command, (Bush: news - web sites) purchasing oil and pumping back into the strategic oil reserves?
Whatarethethreetypesoffossilfuel,andhowiseachformed?CarboniferousPeriod360to286millionyearsago •••••Thelandwascoveredwithswampsfilledwithhugetrees,fernsandotherlargeleafyplantsThewaterandseaswerefilledwithalgaeTreesandplantsdied,sanktothebottomoftheswampsofoceans.Formedlayersofaspongymaterialcalledpeat....
Welders work on the Strategic Petroleum Reserve pipeline on June 1, 1980, in West Hackberry, Louisianna. Begun under President Ford to reduce the threat of oil embargoes, the SPR crude oil is stored in huge underground salt caverns along the Gulf of Mexico, a natural choice due to the prox...
One of the strokes is the compression stroke, where the engine compresses a cylinder-full of air and gas into a much smaller volume before igniting it with a spark plug. The amount of compression is called the compression ratio of the engine. A typical engine might have a compression ratio...
the proponents of the NOPEC bill in the US Congress will also get louder and they will accuse OPEC+ to use oil as a weapon. The step is unreservedly bullish, for now macro worries are overtaken by supply concerns. The move will also lead to further souring of the Saudi-US rel...
The United States is mostly amarket economy. Producers determine what’s sold and produced, and what prices to charge. If they expect to succeed, they will produce what consumers want and charge what consumers are willing to pay. Through these decisions, the laws of supply and demand determine...
The Strategic Petroleum Reserve (SPR) is low which means there likely are not enough reserves available for release into the market to help alleviate high prices should oil and gas spike again. The Bottom Line and The Good News The U.S. economy is in for a bumpy 2023. Businesses should...