…and refine oil cheaply. With cheap oil, it was possible to create an economy with low-priced oil, inexpensive infrastructure built with that low-priced oil, and factories built with low-priced oil….

by Linda Beale crossposted with Ataxingmatter Gulf Oil Spill: time to revise resource tax policy; how about a BEST surcharge? The oil spill in the Gulf continues, wreaking hazard along…

…. . applying our oil exports to offset oil supplies from imports to determine our effective trade in oil, we find there was a net import average of 1,567,000 barrels of oil…

…week’s 255,000 barrel per day decrease in our overall crude oil inventories left our total oil supplies at 965,712,000 barrels at the end of the week, our lowest total oil inventory level since…

…oil data from the US Energy Information Administration for the week ending May 6th indicated that after another drop in our oil exports, another oil withdrawal from the SPR, and an increase…

…record 2,090,000 barrels per day during the prior week…using our oil exports to offset oil supplies from imports to determine our effective trade in oil, we find there was a…

…substantial increase in our oil exports and modest decreases in our oil imports and our oil production, we had to withdraw oil from our stored commercial crude supplies for the eighth time…

…week…applying our oil exports to offset oil supplies coming from imports to get our effective trade in oil, we find there was a net import average of 2,607,000 barrels of per day…

RJS: Focus on Fracking Summary: US oil exports at a 26 month high with SPR at a 34½ year low & US oil supplies at a 17 year low; total oil + products inventories at a 13½…

…11th indicated that after a big drop in our oil exports, a major slowdown in our oil refining due to freezing weather on the Gulf Coast, and a big withdrawal of…