Petroleum is not bad for the country.

Traded as a commodity, petroleum plays a vital role in the economic development of every nation. Record prices at the pump, market instability, and a U.S. economy clearly in crisis, are factors forcing the public to explore solutions. Is offshore drilling the answer?

Should we blame oil speculators for high prices of gas?

A recent article in USA Today quoted US Energy Secretary Samuel Bodman as saying that oil production not meeting the growth in recent demand levels was the primary culprit in the current high price of oil.  Mr. Bodman stated, “There is no evidence that […] speculators are driving future oil prices.” According to the Energy Secretary the economics […]