US GDP

Checking the Record: US vs Opec Since 1973 Oil Embargo

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High Oil Prices Continue To Drive Gas Prices Steadily Upwards

The 40th anniversary of the Arab oil embargo against states that supported Israel during the Yom Kippur War is an appropriate occasion to evaluate the state of the international oil market. The embargo started on October 16th, 1973. The global petroleum system was irrevocably altered by the embargo and the global oil business forever transformed… Keep reading →

 /  Published October 9, 2013 at 3:15 PM

Energy Quote of the Day: How Much does US Oil & Gas Boom Add to GDP Growth?

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Markets Rise On Economic Data

Though it’s not easy to quantify exactly how much the recent US oil & gas production boom contributes to GDP growth, the CME Group’s Chief Economist Blu Putnam gives it a go. Read an exclusive Breaking Energy interview with Blu Putnam here. Since 2005 US oil production increased 29% and natural gas output rose 33%,… Keep reading →

 /  Published October 3, 2013 at 12:00 PM