While gold price is high, conversely, petroleum price is lower.

Joseph P. Kalt has written:

'A review of the adequacy of electric power generating capacity in the United States, 1985-93 and 1993-beyond'

'The economics and politics of oil price regulation' -- subject(s): Petroleum, Petroleum industry and trade, Petroleum law and legislation, Price regulation, Prices

'The economics and politics of oil price regulations' -- subject(s): Petroleum, Price regulation, Prices

Petroleum glut means the production of petroleum is greater than the demand. When petroleum price drops due to over-production, the market cites it as an oil glut. Ref: http://en.wikipedia.org/wiki/1980s_oil_glut

2 centavos

"Petroleum" is another name for what the rest of us call "oil" pumped out of the ground. The

only difference is that when you call your oil "petroleum", you can get a better price for it.