The Crazy Way Oil Affects Our Food Prices

The global economy is incredible complicated. Events from one end of the world can affect commodity prices on the other end, political uncertainty can cause stock prices to go down, and a rise in gas prices can cause food prices to rise along…

3 Common Misconceptions About Peak Oil

King Hubbert’s thoughts on peak oil have caused a lot of ripple effects in the perception of the oil and gas industry. The idea that we’ll reach a maximum rate of petroleum extraction has lead to…

Which Country Uses The Most Natural Gas?

Do you know how much disparity separates the biggest natural gas consumer per year from the second biggest? About 300 billion cubic meters. This is significant, given that the European Union comes in at number two on the global list…

Could Our Cars Run On Anything Besides Gasoline?

The answer is a resounding yes. Our cars could possibly run on a number of fuels, and a few of them will surprise you. Of course, these fuels are still incapable of powering the entirety of mankind. However when I hear that one of these cars…

What Determines Gas Prices?

Gas prices fluctuate day by day, but is supply and demand really the only thing to blame? The answer is no. According to Business Insider, the EIA states that two-thirds of the price of gas is determined by crude oil costs…

Top 10 Gas-Guzzling Cities In America

If I had to wager a guess, I would say that New York City easily tops this list. But the reality is that it’s actually one of the least gas-guzzling cities in America. The reason? Apparently I’ve never heard of something called the Subway…

The Wealthiest 5 People In Oil & Gas

I’ve talked about the most influential people in oil and gas before, but never about the wealthiest. If there’s a list of ludicrous industries that can make you a billionaire quickly, oil and gas would be at the top of every single one. So who…

The 5 Biggest Oil Consuming Countries

Millions of barrels. – What exactly does that mean? Thinking about global oil consumption in statistical terms can be a bit mind-boggling sometimes. We just can’t physically picture millions of barrels in our minds. I mean, we can look out at…

How Much Fuel Is Used In A Flight Takeoff?

Propelling an aircraft into the earth’s atmosphere is no easy task at all. As it barrels down the runway at 160 miles per hour, a typical Boeing 747 burns about 5,633 to 5,772 pounds of jet fuel just during takeoff alone…