Ever wonder how oil drilled out of the ground reaches your car and home products, check out this infographic to find out and more! View post on imgur.com Courtesy of Aries Residence Suites.
Petroleum Products
Infographic: Where the Gasoline in Your Car Comes From, the Petroleum Value Chain
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PFC Energy put together a succinct list of key trends in oil markets in 2013, along with associated charts. These include US oil production growing faster than in any other year, cheaper crude inputs at refineries driving the US to become the world’s largest exporter of refined petroleum products, and the rising disconnect between international… Keep reading →
We are at a transformational moment in energy history. Just a few years ago, all energy projections forecast increased imports, increased scarcity, and increased natural gas prices. Today, we’ve shifted from scarcity to abundance. U.S. oil production has increased by 2.5 million barrels per day (B/D) since 2010. This year, the United States overtook Saudi… Keep reading →
That global oil demand hit record levels last year is not breaking news. But the US Energy Information Administration highlighted an important trend today, one that features in conversations about the future of energy consumption perhaps less frequently than it should. Demand growth in Asia, Central and South America and other regions has been strong enough… Keep reading →
Ron Wyden, Democratic Senator from Oregon and Chairman of the Senate Committee on Energy and Natural Resources, grilled oil market experts today on why US consumers are not benefiting from higher US oil production via lower gasoline prices at the pump. Those experts indicated that whether or not they are aware of it, US consumers… Keep reading →
In case you missed them, here are some highlights from Breaking Energy this week. First things first… There’s a solar-powered boat! And a solar-powered plane! And they’re coming to NYC! We’re giddy. So are the guys on the boat. The multi-year downturn in natural gas drilling, caused by at times astonishingly low prices, may be… Keep reading →
