A Little Something About The Price of Crude Oil.

I was going to do a lot of writing about gas prices. Instead I’m going to do a little writing and provide you with a few good links to follow up with.

 

The United States is not the center of the crude oil universe. As soon as we understand that, the better position we will be to manage our consumption and use of petroleum products. This is turn will lead to stability in the price of a gallon of gas. The relative supply and demand for a product will determine its price in the market.  We are not in control of the global supply or the global demand of a global commodity (crude oil). It’s going to be a real challenge for the US consumer, but we are a tough bunch and we will get through it.

 

CNN Topic Gas Prices - http://topics.cnn.com/topics/gas_prices

 

Petroleum Industry - http://en.wikipedia.org/wiki/Petroleum_industry , http://en.wikipedia.org/wiki/Petroleum

 

Speculators affecting the price of oil - http://www.chron.com/disp/story.mpl/front/5800462.html

 

Oil Executives Testifying to Congress - http://www.nytimes.com/2008/05/23/business/worldbusiness/23oil.html#

 

Congress Votes to Stop Stockpiling Oil - http://www.nytimes.com/2008/05/14/business/14oil.html

 

What Does Gas Cost in Other Countries? - http://www.msnbc.msn.com/id/12452503/

 

Oil Price History and Analysis - http://www.wtrg.com/prices.htm