Historically, the price of oil increases before high inflation. As oil prices rise, so do the prices of products that are dependent on oil. For instance, the prices may surge for goods...
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The Permian Basin, which spans eastern New Mexico and western Texas, is an oil and gas producing area and represents the most productive oil production region in the U.S. Encompassing about 250 miles...
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Today, drivers are in for an excruciating experience every time they fill up their gas tanks. As of this writing, the average for regular gasoline prices is at a record...
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As we look forward to the 4th of July, it is imperative to realize that investing in America's energy independence & development has never been more important. American Independence in Uncertain Times In...
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Compared to the energy shocks during the year 1970, the world is less dependent on oil today. However, the Russia-Ukraine war is stark evidence that the world economy is largely...
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The United States controlled oil prices and was the world’s largest producer of oil up until the mid-20th century. OPEC, or the Organization of the Petroleum Exporting Countries then ruled...
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Crude oil is a naturally occurring petroleum product extracted from oil wells and is a mixture of gasses and liquids, organic materials, and hydrocarbon deposits. As an essential source of...
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Undeniably, oil remains to be one of the most important commodities worldwide. When converted into petroleum, it is the main energy source used in planes, vehicles, heating, electricity, and asphalt....
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Oil prices, as well as the balance of supply and demand in the crude oil market, is influenced by oil inventories. One of the fundamental concepts of economics is the...
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From asphalt to plastics to fuel, oil is the king of commodities that is used in many different ways. As an economic powerhouse, the oil and gas industry and the...
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