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.

4/15/2014
115.82
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.

More >>