Growth in U.S. real imports slowed to about 3 percent in 2006, in part reflecting a drop in real terms in imports of crude oil and petroleum products.
Brazil does not want to become an exporter of crude oil. No. We want to be a country that exports oil byproducts - more gasoline, high-quality oil - and to strengthen the petrochemical industry.
The rapid increase in the production and transportation of crude oil requires additional vigilance for the continued safe movement of this commodity.
The U.S. policy of hoarding crude oil never made the world, or even the U.S., a safer place.
As we all know, no crude oil refineries have been built in the United States since 1976. During that time, close to 100 ethanol refineries have been built.
First off, the crude oil market, unlike every other commodity in America, is virtually unregulated.
About 75 percent of the crude oil marketed here is sold off the books, and they are doing trades that would be illegal if it was a regulated market, and of course they do not want to regulate it.
In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.
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.
Global crude oil demand is increasing, particularly in places like China.
Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.
Large areas of the Gulf have escaped being scraped by trawls, crushed by more than 40,000 miles of pipelines, or displaced by one of 50,000 oil and gas wells drilled since the middle of the 20th century. Some places have been deliberately protected.
The number of children is not growing any longer in the world. We are still debating peak oil, but we have definitely reached peak child.
India has reduced its dependence on Iranian oil. I know their refineries have stopped asking for orders to purchase Iranian oil.
The new discovery of a 3.3 billion barrel oil deposit off Norway's coast cements that nation's claim to being Europe's second largest oil producer.
Petrol price is a deregulated commodity, price of which is decided by our oil marketing companies based on input cost and other parameters.
The same oil that gets burned as fuel is also the entire basis for the petrochemical industries, so our clothing, our plastics and our pharmaceuticals all come from oil and its derivatives.
Many people believe the whole catastrophe is the oil we spill, but that gets diluted and eventually disarmed over time. In fact, the oil we don't spill, the oil we collect, refine and use, produces CO2 and other gases that don't get diluted.
Greek yogurt with some olive oil stirred in can transform many dishes.
The oil companies regard nuclear power as their rival, who will reduce their profits, so they put out a lot of disinformation about nuclear power.
