A Quote by Peter DeFazio
In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
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Tar sands oil is the dirtiest fuel on Earth. Because producing it consumes so much energy, a gallon of tar sands crude generates 17 percent more carbon pollution than conventional crude oil.
The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.
We have seen a strong increase in oil prices and up to this year we see that the world has been able to absorb that.
About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world.
Low oil prices played a part in a major move by Congress voting to end the 40-year-old ban on exporting American crude oil.
We passed law that encouraged consumption through different purchasing habits like, you know, hybrid vehicles. You buy hybrid, you get a tax credit. We've encouraged the spread of ethanol as an alternative to crude oil. We have asked for Congress to pass regulatory relief so we can build more refineries to increase the supply of gasoline, hopefully taking the pressure off of price. And so the strategy is to recognize that dependency upon crude oil, in a global market, affects us economically here at home. And, therefore, we need to diversify away as quickly as possible.
The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity.
We believe you will not have to pay more than the current rate structure proposes - which is, for 50 percent of the public, nothing; for another 25 percent, only a 10 percent increase; and for the remaining 25 percent, a 34 percent increase.
In 1973, America imported 30 percent of its crude oil needs. Today, that number has doubled to more than 60 percent. Gas prices are as high as they are now in part because we've had no comprehensive national energy policy for the past few decades
In 1973, America imported 30 percent of its crude oil needs. Today, that number has doubled to more than 60 percent. Gas prices are as high as they are now in part because we've had no comprehensive national energy policy for the past few decades.
Don’t ever average losers. Decrease your trading volume when you are trading poorly; increase your volume when you are trading well. Never trade in situations where you don’t have control. For example, I don’t risk significant amounts of money in front of key reports, since that is gambling, not trading.
Soaring prices for crude oil, falling production surpluses, wild speculation in commodities, a rush into the precious metals, turmoil in the Middle East, assertive oil producers: it is 1973-74 all over again, and at dictation speed.
Iran's economy is now shrinking by 1 percent a year. Its oil production is down 40 percent.
There is some evidence that average wave heights are slowly rising, and that freak waves of eighty or ninety feet are becoming more common. Wave heights off the coast of England have risen an average of 25 percent over the past couple of decades, which converts to a twenty-foot increase in the highest waves over the next half century. One cause may be the tightening of environmental laws, which has reduced the amount of oil flushed into the oceans by oil tankers.
We consume about 25 percent of the world's oil every year, but we only have reserves, including that which has not been pumped, of about 3 percent of the oil reserves in the world.
Educating girls just one year beyond the average fourth grade education increases their eventual earnings by 10 to 20 percent. Every additional year of secondary education can increase future wages by 15 to 25 percent.
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