Archive for May, 2013

Brief Overview Of The International History Of Oil Cartels

Written by admin on May 29, 2013

The Organization of the Petroleum Exporting Countries (OPEC) is a classical oil cartel.

It’s purpose is to coordinate the production and the sale of petroleum products. The cartel is designed to ensure a steady source of income to oil producing countries and an adequate supply of petroleum supplies to users. Investors in the cartel expect to receive an adequate return on their money.

OPEC is dominated by Saudi Arabia, Iran, Iraq, Kuwait and Venezuela. The cartel has its headquarters in Vienna, Austria.

OPEC began to dominate the energy Read the rest of this entry »

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Why Gasoline Is Still The Dominant Fuel Source

Written by admin on May 27, 2013

Even with the continued development of other renewable resources, gasoline is still the most dominant fuel source. Here are some reasons why gasoline is still the most popular fuel source.

Availability
Many people argue that the world is in dire need of implementing the use of other fuel sources. The reality is that gasoline is still the most readily available source of fuel. Although electric vehicles have made huge strides during the last few years, they still have a long ways to go before they are able take over the automotive industry. Furthermore, only a small Read the rest of this entry »

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Where Are The Cheapest Gas Prices In The World?

Written by admin on May 26, 2013

Gas is becoming increasingly expensive no matter where you go. The problem with this is that it is becoming almost impossible for you to afford gas for your vehicles just because of its price. Thankfully, there are some things you can do to decrease the amount you’re spending on this type of fuel so that you are able to enjoy driving without thinking of it as just a burden. By making small daily changes to your lifestyle, you can Read the rest of this entry »

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