Energy Literacy Advocates Newsroom
Oil Prices Remain Steady Despite Storm
Monday, August 17, 2009
The storms racing into United States territory have not raised oil prices, despite affecting Gulf of Mexico oil operations. Gulf productions account for a quarter of all domestic oil production.
Supplies of oil remain high, while demand is low, which has kept prices down. US inventory is 20 percent above levels last year.
For more data, click here.
Supplies of oil remain high, while demand is low, which has kept prices down. US inventory is 20 percent above levels last year.
For more data, click here.
Labels: oil companies, oil price, oil supply, oil supply/demand
posted by
Amanda Voss
at
7:01 PM
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