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Oil Demand

Why Oil Prices Are Dropping Despite Mideast Unrest

Jeffrey Rubin | Posted 11.22.2014 | Business
Jeffrey Rubin

Does today's disconnect between global oil markets and the chaos that's gripping the region signal an end to the era of triple digit oil prices? If so, what are the consequences for North America's oil industry?

America's Weakening Thirst for Oil Is Houston's Growing Problem

James Turner | Posted 12.16.2012 | Business
James Turner

Oil companies have a secret. Or rather, there's a crucial fact that they'd prefer you didn't know. Right now it's taken as gospel that America needs increasing amounts of oil, and that drilling here in the U.S. will help provide it.

$5 Gallon: The Romney-Koch Price of Gas

Carl Pope | Posted 10.24.2012 | Green
Carl Pope

So much for cheap oil and low tax Republicans -- the Koch Brothers made sure there wouldn't be anything in the Romney platform for drivers -- or the US economy.

Oil Slicks: Who Benefits From Gambling on Gas Prices?

Richard (RJ) Eskow | Posted 04.23.2012 | Politics
Richard (RJ) Eskow

We can't know for sure what's behind these oil prices. But what we can know is that we don't know -- and that our government should have the resources to track these markets and intervene when they're being misused.

Oil Demand Outweighing Supply, OPEC Says

Posted 08.10.2011 | Business

(AP) VIENNA — An OPEC report suggests that world demand for its oil is outstripping the present supply. The monthly demand forecast from the Orga...

Green Shoots for Oil Independence

David Burwell | Posted 07.26.2011 | Green
David Burwell

Green shoots prophesying accelerated declines in American oil consumption are cropping up everywhere. Even before the recession, total domestic oil consumption was in decline and the trend accelerated as the economy lagged.

Only A Recession Can Deliver Obama's Energy Targets

Jeffrey Rubin | Posted 06.06.2011 | Politics
Jeffrey Rubin

So far, recessions have been the only surefire way America has cut back on its fuel consumption and the need for oil imports.

How Sustainable Is Growth With Triple-Digit Oil Prices?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Every major global recession over the last forty years has had oil's fingerprints all over it. So why should we expect our next rendezvous to yield any different results?

Is There Enough Oil to Pay Our Debt?

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

It will take huge amounts of energy, particularly oil, to achieve the growth rates that all the near-bankrupt governments around the world need to even service their debt, let alone repay it.

Crude Oil Trades Near 26-Month High On Bets Fed Stimulus Will Spur Demand

Bloomberg | Grant Smith | Posted 05.25.2011 | Business

Oil traded near its highest in 26 months on speculation the U.S. may extend stimulus measures, bolstering demand in the world's largest consumer of cr...

Tightening Oil Markets Will Bring the Speculators Back

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

With oil prices now already above $80 per barrel, you can expect to hear a lot more about the role of speculators. It's always easier to find a whipping boy than to recognize that depletion and more costly fuel in the future are the real problems.

Limit Our Oil Consumption: Drive Less

Craig K. Comstock | Posted 05.25.2011 | Green
Craig K. Comstock

Imagine roads with 10 percent less traffic; imagine accident reports that are 10 percent lower; imagine having to take the car in for service 10 percent less often.

Oil and a Never-Ending Recession

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Higher oil prices mean recessions, recessions mean less consumption, then lower oil prices, which leads to less exploration and supply, which leads to higher oil prices and recession again.

World Oil Supplies Are Running Out Fast

Independent | Steve Connor | Posted 05.25.2011 | World

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world ...

Now Is The Time To Keep The Pressure On By Increasing Fuel Economy Standards

Mark Cooper | Posted 05.25.2011 | Green
Mark Cooper

Now that the speculative bubble in commodities has burst and with the global economy moving into recession, crude oil and gasoline prices are plummeting.

The New Oil Dilemma: Oil-Rich Nations Using More Energy, Cutting Exports

New York Times | CLIFFORD KRAUSS | Posted 05.25.2011 | Business

The economies of many big oil-exporting countries are growing so fast that their need for energy within their borders is crimping how much they can se...