Energy futures are lower once again today on pessimism concerning the European recession as well as a slowdown in China causing crude oil prices in early trading in New York to be down another $.85 in the June contract trading at $96.22 a barrel also in sympathy with the stock market the rest the commodity markets all.......
U.S. - Venezuelan Relations - Just “Frozen” or Beyond Repair?
According to the U.S. Energy Administration, two months ago the United States total crude oil imports averaged 9,033 thousand barrels per day (tbpd), with the top five exporting countries being Canada (2,666 tbpd), Mexico (1,319 tbpd), Saudi Arabia (1,107 tbpd), Venezuela (930 tbpd) and Nigeria (918 tbpd.)
Nazi-era Technology Embraced by Republicans in U.S. Congress in the Name of National Energy “Security”
The fate of the Obama presidency hangs not on a birth certificate or the red ink on the federal budget but by the hose nozzle of your local gas station.
Electoral discontent is measured by the price of a gallon of gasoline. Heading past $4 toward $5, that is a lethal trajectory for President Barack Obama.
This afternoon the United States Gasoline Fund(NYSE:UGA) is making a new 52 week high. The UGA is now trading higher by 0.81 cents to $51.17 a share. The stock market indexes seem to love the high prices in the energy markets as the Dow Jones Industrial Average is now trading near the high of 2011 made on February 18, 2011. The average price of gasoline in the United States is now $3.60 a gallon.