Category Archives: Oil Policy

Additional Iranian Oil Sanctions May Be Counterproductive

A June 6, 2013, article from Reuters is titled, “Lawmakers in new drive to slash Iran’s oil sales to a trickle.” According to it, U.S. lawmakers are embarking this summer on a campaign to deal a deeper blow to Iran’s diminishing oil … Continue reading

Posted in News Related Post, Oil Policy | Tagged Iran oil, Iran oil exports, Iran oil sanctions, reserve currency | 278 Comments

Why is US Oil Consumption Lower? Better Gasoline Mileage?

United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption … Continue reading

Posted in Financial Implications, Oil Policy | Tagged demand destruction, fuel savings, gasoline, gasoline consumption, gasoline savings, industrialization, mileage, miles per gallon, MPG, oil consumption, oil demand destruction, vehicle miles traveled, VMT | 92 Comments