The long-term price of oil is…
What’s the right way to think about the long-term price of oil? This question consumes the industry — and markets — no matter what prices are on any given day.
The staff of the Fuel Freedom Foundation, based in Irvine, Calif., curates content for our sections called FFF in the News and What’s the Buzz?
What’s the right way to think about the long-term price of oil? This question consumes the industry — and markets — no matter what prices are on any given day.
Imagine you’re leaving Washington, D.C., for a weekend getaway on May 30. You pull into a Sheetz station and notice there’s a new fuel option. It’s 88-octane, 10 cents cheaper, and the fuel label tells you it’s E15 (15 percent ethanol) and suitable for use in all vehicles made in 2001 or later.
During the first four months of 2017, the U.S. exported three times more crude oil to international counterparties than during the same timeframe in 2016. Including shipments to Canada, exports of crude oil exceeded 1.0 million barrels per day (bpd) in both February and April.
Ah, Texas, the state that was formerly a nation and continues to do things slightly differently. Its politics is bare-knuckle, its hats are big, and so are its ranches. It also generates more renewable wind energy than any other state in the union. Its auto-dealer lobbyists, however, are equally large and powerful.
The gas station is in for a major overhaul. The world’s big oil companies have all sorts of potential changes on the drawing board, including new fuel options, restaurants and shops, and package-delivery services.
[quiz-cat id=”21393″]
Fuel choice has always suffered from the age-old chicken and egg problem: Businesses don’t want to provide alternative fuels, and the vehicles that can run them, unless there’s a demonstrable demand. Meanwhile, consumers won’t (or can’t) show businesses there’s a demand for these vehicles and fuels until they’re readily available.
Fuel choice is at the heart of our mission: All we’ve ever wanted is for drivers to be able to choose the fuel that’s right for their vehicles and their budgets. It’s a basic right we’ve never had, because oil has a stranglehold on the transportation fuels market in America.
For a more detailed discussion, check out our blog post on this topic here.
How is that possible? Let’s break it down.
Fuel Freedom is a non-profit with a simple mission: break America's oil addiction by bringing competition to the U.S. transportation fuel market.
We'd like to hear from you. If you have any questions, ideas or feedback, please send all inquiries to:
[email protected]