With the new Seaway pipeline, WTI crude oil will flow more freely from Cushing to the cost refineries. STEVE AUSTIN | 2012/01/10 WTI vs Brent– which is the better benchmark? Or, perhaps what is WTI and what is Brent? Primarily, there are two types of crude oil traded in the international markets (three really, but […]
Hormuz controls access to oil from Saudi Arabia, Kuwait, Qatar, the UAE and Iran. 20% of the world’d oil would stagnate if Iran closed the strait of Hormuz TOBIAS VANDERBRUCK | 2012/02/20 Strait of Hormuz, for the uninitiated, is the narrow passage connecting the Persian Gulf to the Arabian Sea, surrounded by countries like Saudi […]
Oil prices are linked closely to presidential disapproval and so will decide the presidential elections’ outcome STEVE AUSTIN | 2012/04/09 Before jumping into the question, a recap: In a previous article titled “Is Oil Fueling the Rise in Political Partisanship”, Oil-price.net went on a search to see if rising oil prices had any influence on […]
Other influencing factors can cause the price of gasoline to fluctuate in the opposite direction to the price of oil. STEVE AUSTIN | 2012/06/18 Logic would seem to dictate that if oil prices are going down, the price of gasoline should follow suit and go down also. However the opposite has been observed lately. Of […]
Iran’s 1,150HP Zolfaqhar mass-produced speedboats can cruise at 80 knots and launch anti-ship missiles. Fast and nimble, they supposedly can bypass Raytheon’s Ship Self Defense System (SDSS) by attacking US heavyweight warship in swarms from several directions concurrently. TOBIAS VANDERBRUCK | 2012/07/30 The Strait of Hormuz is in the news again. The Iranian parliament is […]
The Bakken formation spanning North Dakota, Montana and part of Canada contains more oil than the Persian Gulf. STEVE AUSTIN | 2012/08/13 Readers of oil-price.net have often wondered why the US isn’t self-sufficient in oil, that is, in spite of the perceived abundant reserves. They may have a point, just so. Let’s take a case […]
Lack of US refining capacity is partly to blame when gasoline prices spike. STEVE AUSTIN | 2012/09/04 The debate is raging in full swing: the dearth of new refineries in the US. Many are surprised to see the continued increase in oil prices despite the surge in domestic oil production. Could refineries be the missing […]
Islamic militants understand the importance of controlling petroleum resources. TOBIAS VANDERBRUCK | 2012/10/01 Iraq wars 1 and 2 were fought as much on the ground as in the media. Embedded journalism, the war on terrorism, toppling an evil dictator and spreading freedom were all images used to instill on the public, justification for the invasion […]
Some advice from oil-price.net on a suitable energy policy for the next four years STEVE AUSTIN | 2012/11/26 Congrats, Mr. President. We hope the second term, you know, without the burden of having to face another election, doesn’t make you complacent. You must be wondering why we – dealing predominantly with oil and its cousins […]
The American Oil Revolution is underway, thrusting the USA towards oil-sufficiency and beyond STEVE AUSTIN | 2013/01/02 By now, you’d have heard the news (yes, the world doesn’t end on February 30, let alone on December 21) that the US is set to become the world’s largest oil producer in a decade. So, how did […]