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Page added on February 14, 2019

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The World Oil Market and U.S. Policy

Public Policy

The United States, as the largest consumer and producer of oil, plays a major role in theĀ  world market. Policy decisions can affect the price of oil and petroleum products (e.g., gasoline) for U.S. consumers andĀ  companies operating in U.S. oil production, transportation, and refining sectors.Congress considers policies that can affect the world oil market, including trade, sanctions, protection of trade routes, the Strategic Petroleum Reserve (SPR),and alternative fuel standards

Full PDF – FAS

7 Comments on "The World Oil Market and U.S. Policy"

  1. TIKIMAN on Thu, 14th Feb 2019 12:48 pm 




  2. Sissyfuss on Thu, 14th Feb 2019 6:50 pm 

    Well that certainly lowered the collective IQ of the site. Someone missed their meth anonymous meeting.

  3. makati1 on Thu, 14th Feb 2019 7:10 pm 

    Sissyfuss, just more proof that we are regressing in more ways than one. Look at the posters here over the last year. More and more like TIKIMAN and fewer and fewer like us. Granted , there seem to be a lot of “sock puppets” recently, but I think the overall quality has declined. Since most posters are from Western countries, what does that say about them?

    It is Friday morning here. The birds are chirping and I am listening to old Western music, in Tagalog, that someone is singing Karaoke style in the nearby community center. It is in the low 80s and the sun is shining. A typical day here in the Philippines. ^_^

  4. Sissyfuss on Thu, 14th Feb 2019 7:26 pm 

    And I am deeply ensconced in my dwelling with 8 inches of snow outside and the week ahead in the mid 20s. It has its charms though. Fed 8 wild turkeys and assorted deers, squirrels, and birds. Good company.

  5. deadly on Fri, 15th Feb 2019 5:44 am 

    It’s 25 below zero Fahrenheit on the thermometer right now.

    Cold out there today and has been cold since the last week of September, extra super cold as a matter of fact.

    Old Man Winter ain’t dinkin’ around this winter. He just doesn’t care how much CO2 is in the atmosphere, doesn’t matter, still gonna be cold. Ta hell with those stupid humans, I’ll freeze them out, one and all. lol

    I sure am glad it is warm inside the house, you’ll freeze to death in bitterly cold temperatures.

  6. This site blows on Fri, 15th Feb 2019 8:35 am 

    What? This site doesn’t have a moderator? I read but rarely post. This is no Oil Drum. The more disgusting this site becomes, the fewer intelligent people with great comments will come.

  7. Antius on Fri, 15th Feb 2019 8:54 am 

    This is an interesting revelation.

    I wonder if this have changed in the last few years?

    State ownership has always tended to result in inefficiency that ultimately leads to collapse. It often takes many years for these inefficiencies to result in complete failure, but it has happened in every place where it was tried.

    Is China the one place in the world where this will not be so? According to Tim Morgan of the Surplus Energy Economics blog; China borrows about 25% of its GDP each year. That’s about $3tn – a truly staggering amount. I do not know how much longer it can continue. The system is showing a lot of stress.

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