While it’s normal for pump prices of gasoline to be low during the autumn season because of the decrease in demand, there are speculations that fuel prices will continue to drop in the coming months due to the abundant global production of crude oil.
OPEC has reportedly admitted that the demand for their crude oil has fallen but … Read More...
OPEC controls about a third of world’s oil supply but this could end in this decade. That is if the US oil drillers can get the greenlight to export its oil. According to estimates, the US could produce up to 14.2 million barrels per day by 2020. Of course, OPEC will continue to fight the battle and try … Read More...
There are several factors why the price of gasoline is continuing to fall but one of the reasons is the United States’ growing capacity to produce its own energy through shale or tight oil.
According to analysts, the US could become energy independent as early as 6 years from now. But there is a conundrum to this seemingly … Read More...
