Hit Putin Where It Hurts -- Selling oil from the US Strategic Petroleum Reserve could cut world oil prices by $10 to $12 per barrel. Although that amounts to only about a ten-percent reduction, it would cut Russian export income by around $40 billion, about ten percent of the country's 2012 fuel export income according to the WTO. This action could exacerbate the ruble's decline as well. Read more here.

PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
Consumers, Wages, Income Inequality, and Gasoline Consumption (April 7, 2014) -- Product sales may be limited in the near future in many countries—particularly the US—due to sluggish economic growth and rising income inequality.

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