Today, the world’s economy is largely dependent on fossil fuels such as crude oil, and the demand for these resources often sparks political unrest, as a small number of countries control the largest reservoirs. Like any industry,supply and demandheavily affect the prices and profitability of c...
What Is U.S. Money Backed by? The U.S. dollar is not backed by any physical asset. Like most currencies in the world today, the value of a currency is based on the demand for that currency. Many currencies, including the U.S. dollar, used to be backed by gold, but no longer. ...
the actual production did not pump that much (where to, into the desert?), but it gave customers and speculators more oil to choose from, which drove the prices down. Just my thoughts, anyway.
Most people have no idea of the hard work and worry that goes into the collecting of those fascinating birds and animals that they pay to see in the zoo. One of the questions that is always asked of me is(61)I became an animal collector in the first(62). The ...
The U.S. is the largest producer of crude oil, which begs the question: why are we still paying so much? "It is because that oil is traded on a global market. So, today the price of oil per barrel is about $120. People are paying that in countries all ove...
since it is lacking in its ability to make finished products from its oil itself. It would take a long run of prices much higher than today’s level for Venezuela to be able to sufficiently invest in infrastructure to do such refining. Venezuela reports the highest oil reser...
first of all today i read an article that Goldman said Oil will drop, thats the first reason Oil will still go up. Second long term chart shows for the immediate trend Oil is going to 50. Now lets look at the current situation. Based on the current outlo
It’s Rosh Hashanah, the Jewish New Year, and also Sabbath. All this means that Jerusalem is closed down tighter than Mitch McConnell’s mind, and even Donald Trump has more neurons than there are people in the street. Here’s a photo taken about noon on Jaffa Street, one of the main...
Jim Rogers: That is your premise, if oil stays high alternatives become more competitive. Most alternative energy is not competitive at this moment in time but that could change. If oil prices go down and stay down the subsidies for alternatives are going to have to be pretty massive to mak...
"It's not unusual for oil prices today to move by $7 a barrel in one day." The average national price for a gallon of regular unleaded gas on Thursday was $4.94, according to AAA. While that is down from a record high of $5.02 on June 14, it remains well above the $3.07 ...