Tag archive for ‘Supply And Demand’
The Challenges of Energy Part I: Electricity
It seems like the world has run out of gas lately - doesn’t it? The supply, in the form of coal, nuclear, oil, and gas, all seems just not to be enough to satisfy our demands for energy. Although prices are fluxuating, the price of oil having dropped significantly lately, the reality is the long [...]
Why is crude oil (and gasoline) so expensive?
I have been getting emails from readers essentially asking me to do a post on oil - why is it so expensive, and what, if anything should be the GOP’s party platform on energy. While energy economics is not my specialty - I do understand commodities markets, and I believe I probably understand better than [...]
Oil Execs Defend current prices in Senate Testimony
Washington, D.C. (rightcommentary.com): Senators told oil executives Wednesday that high oil prices cannot be explained by supply and demand and the oil industry’s concentration — and OPEC price collusion — is contributing to the costs facing consumers.
Executives of the five largest oil companies were appearing before the Senate Judiciary Committee.
Committee Chairman Patrick Leahy, D-Vt., said [...]
Entries (RSS)