Oil Trends Blog

Several months ago Oil Trends Blog addressed the rapidly rising cost of crude oil. That blog is titled “The Great Oil Shortage Myth“. The conclusions drawn in this discussion were (a) there was no shortage of oil and (b) the increase in the price of oil was not a supply and demand issue, but, was [...]

There has been considerable discussion regarding the supposed lack of refining capacity in this country and the effect this has had on the price of gasoline and distillate as demand increases. Again the uninformed media and administration officials have been the source of these unfounded rumors.
These sources cite their reasons for this interpretation as the [...]