So much for the economic laws of supply and demand or "drilling our way" to cheap gas prices. It's not that simple when it comes to oil. Dan Strumpf explains what's behind the latest surge in oil prices. Oil markets and infrastructure play key roles.
Jul 22, 2013 The Wall Street Journal
Kinder Morgan's proposed $2 billion 'Freedom Pipeline' to transport West Texas oil to California refineries has been rejected - not by a governmental entity as occurred with the Northern Gateway, but by oil refineries opting to ship by rail instead.
Jun 7, 2013 The Wall Street Journal
A major reason given by Keystone XL pipeline supporters is that the Canadian oil it will deliver to Gulf refineries will help make the U.S. 'energy independent', yet data shows that those refineries are now exporting 60% of the gasoline they produce.
Mar 18, 2013 The Wall Street Journal
With only 25% of gas stations in NYC operating, the mayor has instituted odd-even rationing that has proven effective in reducing lines in NJ. Meanwhile, MTA announced most transit and subway service have been restored to pre-Hurricane Sandy levels.
Nov 10, 2012 The New York Times - N.Y. / Region
Americans are driving less and more efficiently, resulting in reduced gas consumption - yet prices are rising. What gives? For a nation that relies on oil imports despite surging drilling, the answer is unusual.
Nov 14, 2011 Los Angeles Times - Business
It may not be apparent to American motorists, but the U.S. oil refinery industry is ailing. Reduced VMT, mandated ethanol use, and escalating vehicle fuel efficiency standards caused a decrease of gasoline consumed. Diesel may revive the industry.
Sep 6, 2011 Houston Chroncle
Americans are driving less. Moreover, alternative fuels, be they electricity or biofuels, will become more common while efficiency of conventional vehicles increases. This article looks at the effect of the VMT reduction, et.al. on oil refineries.
Dec 28, 2009 The New York Times