#crude oil

Bahrain lies at the epicenter of Gulf security and any violent upheaval in Bahrain would have enormous geopolitical consequences. Global economic stability depends on the uninterrupted export of crude oil from the Gulf to markets around the world - a job that historically has been assigned to the U.S. Fifth Fleet. ↗

— Hamad bin Isa Al Khalifa

#around #assigned #bahrain #been #consequences

As we all know, no crude oil refineries have been built in the United States since 1976. During that time, close to 100 ethanol refineries have been built. ↗

— John Shimkus

#built #close #crude #crude oil #during

There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation. ↗

— James Buchan

#adjusted #age #average #barrel #century

First off, the crude oil market, unlike every other commodity in America, is virtually unregulated. ↗

— Peter DeFazio

#commodity #crude #crude oil #every #first