…a much larger-than-expected drop in domestic fuel stocks due to higher demand for gasoline and diesel, as front month oil prices settled $5.40 higher at $107.81 a barrel…oil continued higher…

A bit of trivia: yesterday was the 40th anniversary of the first of two attacks on US ships in the Gulf of Tonkin that quickly lead to the Gulf of…

…in their footsteps, Trump has renamed the Gulf of Mexico as the Gulf of America. This calls to mind the pathetic attempt to rebrand French fries as “Freedom Fries” during…

…to put US shale out of business…. Number of rigs drilling for oil was up by 10 to 397 oil rigs this week, after rising by 2 oil rigs the…

…and every other country using oil or its byproducts. Looking for a recessional economy in the near term even with secure oil resources. Paul Krugman did the yeoman’s work in…

…release of oil from the SPR. Granted much of this may have been sweet oil which the US refining capability is in sour oil. hopefully there are safeguards in place….

…causing the huge BP spill). I learned how little I know about regulation of drilling rigs. First, they are considered ships and, therefore, are licensed by the nation where they…

By Maria Scrivan here…

…statement does not say that Big Oil earns only $0.09 per gallon because much of the profits from a vertically integrated oil supplier come from its ownership of crude oil…

…imported oil closely tracks the price of oil. But the chart also shows that for a given price of oil, the US economy is more dependent on imported oil than…