Oil is a global commodity and lower demand means lower prices. As Europe crashes, China slows down and America stalls, oil prices will continue downward followed by lower gas prices. Watch for Obama to take credit for lower prices but not the economic slowdown that is really causing the price drop.
Post Tagged with: "oil prices"
May 12, 2012 06:38
200 Year Supply of Oil in Green River Formation
At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world’s proven oil reserves.”
May 3, 2012 08:26
Oil shock, Euro crash, U.S. fiscal cliff paint dark future says Dr. Doom
Nouriel Roubini who is famous for predicting the financial collapse which earned him the nickname “Dr. Doom” cited a Middle East conflagration oil crisis, “austerity fatigue” and “bailout fatigue” in Europe, and the “fiscal cliff” faced by the U.S. in a doom and gloom scenario.
April 27, 2012 04:34
The Obama administration’s anti-energy policies and supporters
Americans are being deliberately starved of the energy sources we have in abundance. We are being robbed in the form of higher prices for electricity produced in the most expensive fashion, wind and solar, instead of affordable coal. Not only are gasoline prices up, but the government continues to demand more mileage per gallon of gas.
April 26, 2012 04:52
Gasoline-Futures Prices Tumble Due to Increased Oil Supply
Helping to spur the downturn is the reversal of a pipeline’s flow that will give refiners in the Gulf Coast region greater access to crude, the basic feedstock for gasoline.
April 24, 2012 05:20
Research shows Obama wrong on oil speculators
A large number of scientific studies have failed to produce any credible evidence that high oil and gas prices were caused by the presence of financial investors in oil futures markets.
April 18, 2012 09:46
Palin: Dear America, Our Orwellian President Fails on Energy
And what do we get in return on our investment in big government? Less energy security. Less allowance for resource development. More EPA regulations to de-industrialize our country and kill jobs. More opportunities shipped overseas as we allow others to produce for us that which our government refuses to allow us to produce for ourselves!
April 18, 2012 07:54
Are Oil Embargoes Hurting Iran or the US? Obama Blames Oil Manipulators; Who are the Real Manipulators?
Iran is on a course for its third largest oil-related earnings ever. Thus, the primary beneficiary of high oil prices is Iran. Rather than blame himself for the absurdity of the situation, president Obama blames oil speculators.
April 17, 2012 05:45
Another Oil Price Shock, Another Global Recession?
Studies show that historically, around 90% of US recessions post World War II were preceded by oil price shocks. The most recent occurrence took place when oil more than doubled in price from January 2007 to July 2008 due to a sharp increase in Chinese demand. The pullback of US consumer and corporate spending already put a drag on economic growth before the subprime-induced financial crisis closed the deal on the Great Recession.
April 15, 2012 14:42
“Greenbacks” energy boondoggles versus real energy
Wind, solar, algae and switchgrass companies take billions in Other People’s Money. They pay virtually no taxes, and provide virtually no usable energy, except in the minds and press releases of their promoters.
