The nation went through a period of high gasoline prices, even though the government released oil from the reserves. Now it appears the US has a glut of oil and…

…a Trump document. Yep, a lot of trust in Trump’s staff . The Oil Industry Is Preparing Executive Orders for Trump, OilPrice.com Oil industry executives and lawyers are drawing up…

…lawsuit — is that by 1978, most of the damage had been done. Louisiana’s first inland oil field was established in 1901, and the first offshore oil well opened in…

…leading to higher transport costs rather than an actual shortage of oil. He points out that global oil demand is some 104 million barrels per day, while production capacity stands…

…Strong Oil Product Draws, Oil Price Because liquefied helium evaporates in about 45 days, stranded inventory cannot be held for long, leading to a long-lasting supply gap. The semiconductor chip…

…oil prices? What’s your answer? (1) Neither. As FX appreciation and fiscal austerity pass through to domestic prices, the core will drag down the headline. If they hike, stagflation will…

Posted for discussion. First, relating to the discussion in comments to rdan’s TBI post, Annual Change in U.S. output per hour: And, for future discussion, the Relationship between Oil Prices…

A Flip In Oil Markets, Econospeak, Barkley Rosser  A long time ago, sometime before the 2008 crash, prices of Brent crude oil and West Texas Intermediate (WTI) crude ran close…

…nearly everything else the Trump regime undertakes, the US appropriation of Venezuelan oil also looks to have unintended consequences. As Iran’s government struggles under the weight of sanctions, high inflation,…

…warn of two threats to the US economy — high oil prices and tea partiers (call it the Texas tea party menace). U.S. economic recovery threatened by events in Midwest,…