* I wonder why, when they have a DUI checkpoint, the time they are having it and the location is printed in the paper? This makes no sense, if they are trying to get drunk drivers off the road. * The cost of gasoline could be divided into two components. One is the cost of crude oil. The other is production and marketing costs. We know that crude oil has doubled in cost in the past year, but why has there been a corresponding increase in production and marketing costs?
I ALWAYS TRY TO AVOID TALKING ABOUT SUPPLY SHOCKS. IT'S NOT an easy subject, even for economists. Thus, when a relative uttered the words `stagflation', I let out a big sigh, knowing I was in for a tough time. To make it worse, economists do not agree on the remedy for stagflation. What else is new? First, the general definition of `supply shock'. In economics, when something happens to raise the cost of production when aggregate demand remains stable - for instance, a sharp rise in crude oil prices - we may find that economies are saddled with high prices and low national output (gross domestic product).
Drivers are beginning to see signs of relief at the gasoline pump. Prices are expected to slip over the next few weeks as the cost of crude oil drops and the Organization of Petroleum Exporting Countries steps up production. We are finally able to see dribbles and drabs of wholesale prices coming down," said Michael J. Fox, executive director of the Gasoline and Automotive Service Dealers of America, which represents service station owners in the state.
SANTA MONICA, Calif., April 28 /U.S. Newswire/ -- The round of record quarterly oil-company profit reports ended today with California-based Chevron, whose astounding 49 percent increase in net income tells only a fraction of the story about how California motorists are financing the company's excesses, said the Foundation for Taxpayer and Consumer rights (FTCR). The report also noted a 260 percent increase in its refining and sales profits, coming in large part from California. This is further proof that retail gasoline prices are rising far faster than the cost of production, despite oil company excuses about the price of crude oil, added FTCR. Read FTCR's study of profiteering at the pump at http:// www.consumerwatchdog.org/energy/rp/6132.pdf. Motorists should remember that amazing ...
Kazakhstan is endowed with rich oil reserves, which provide an important source of revenues for stable economic growth and improvement of the country's living standard. This paper addresses the challenge the Republic of Kazakhstan faces in managing its oil supply chain. The country's capacity for refining crude oil is minimal and a substantial portion of that refining capacity is outside the Republic; added to that, most of the pipelines and refineries to export oil to international markets are jointly managed by the Republic and multinational corporations (MNCs). Thus there are political, technological and financial risks for the republic's oil supply chain.
...While her oil industry's upstream cost, i.e., the cost for exploration, development and pproduction of crude oil, may be similar to that of most other...
... substantial portion of Phase 1 construction costs and completed 19% of the construction effort. The ...Crude oil production volumes increased by 11% while natu...
...Moreover, West Texas Intermediate crude oil - our primary feedstock at the Tyler refinery - continues to enjoy a significant cost advantage over competing benchmark crudes, as pric... feedstock inventories that carried a production cost below the cost of crude oil during the period...
... lifecycle emission impacts of fuel production from both direct and indirect emissions, including...VII. Impacts on Cost of Renewable Fuels, Gasoline, and Diesel. A. Renew... renewable fuel use due to market forces as crude oil prices rise versus what might be forced by the...
... improved during the third quarter with crude utilization averaging 90 percent, the segment repo... these positive factors were lower production volumes. The overall crude utilization rate was 90... 2011 and higher general and administrative costs largely associated with the relocation of SunCoke ...
LONDON, Oct. 5, 2011 /PRNewswire/ -- Platts -- The Platts Global Petrochemical Index (PGPI), a basket of seven widely used petrochemicals, fell in September by more than 5% to an average monthly price of $1,324 per metric tons (/mt), down from the August average of $1,387/mt. The downward trend in September was largely attributable to weaker and natural gas prices and concerns of global economic slowdown. On an annual basis, the September 2011 average was up 21% from the average this same time a year ago. PLATTS GLOBAL PETROCHEMICAL INDEX IN U.S. DOLLARS PER METRIC TON:
... September PGPI resulted from a drop in the cost of raw inputs that go into the production of petroochemicals. On average, Brent crude oil prices were mostly flat from August to Septemb...
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