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Changes in the Supply, Demand and Pricing of Crude Oil and Gasoline
Essay specific features
Written by:
Annie S
Date added:
February 27, 2017
Level:
University
Grade:
A
No of pages / words:
2 / 377
Was viewed:
10065 times
Rating of current essay:
Essay content:
Over the years, U.S crude oil reserves have been depleted which has caused a reduction in the ability for the industry of domestic crude oil to keep up with the demand for the products.
Due to the war in Iraq and some of the pipelines being destroyed, there was less production of crude oil, a lesser supply of gasoline and a large increase in the demand for both...
displayed 300 characters
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Due to the decreased amount of production and availability and the demand for more of the products, the prices of both increased significantly and maintained an all time high for quite some time.
Also noticed was the increased demand for these products during the last few years of hurricane season. Some refineries had been damaged to the point that their production fell by 83 percent or 1...
displayed 300 characters
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