Oil basically runs the United States. The price directly affects all of us, from the cost to fuel our cars, to our heating bills, to the prices of food, clothes, ect. The higher the price, the more the U.S. pays, and the deeper in debt we become.
yes ... oil rig for a country is very important n so it will reduce the price of oil
As of September 1, 2012 the price of a barrel of oil is $96.48. To see the current price of a barrel of oil see the related link below, which gives the current price of oil.
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
The average price of a barrel of crude oil in 1967 was $2.92
The average price of a barrel of crude oil in 1992 was $15.99
yes ... oil rig for a country is very important n so it will reduce the price of oil
Yes it does affect the oil price
As of September 1, 2012 the price of a barrel of oil is $96.48. To see the current price of a barrel of oil see the related link below, which gives the current price of oil.
This is the price of crude oil. The amounts will vary depending on the supply and demand that is placed on the oil.
The average price of a barrel of crude oil in 1967 was $2.92
The average price of a barrel of crude oil in 1992 was $15.99
The average price of a barrel of crude oil in 1965 was $2.86
The price of heating oil is expected to decrease.
When oil runs short the price will skyrocket. Oil is a very important commodity in our economy. The higher the price rises the slower our economy will grow. At some point the economy will shrink. Capitalism does not work on a shrinking economy. Global meltdown will be the consequence - unless we find a replacement for oil by that time.
the price of an oil is Rs 30 per barrel and price elasticity -0.5 an oil embargo reduces the quantity available by 20% use arc elasticity formula to caluculate percentage of increase in the price oil?
The price of a barrel of crude oil in February 2008 was $89.41
When the people responsible for price of oil raise it for no apparent reason.