Crude oil is up there on the top of the most important and influential commodities as it affects the economic environment in pretty much all levels, from the daily budget of the typical American family all the way up to the dealings of the biggest corporations in the planet. The importance of such impact is […]

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Oil is a non-renewable resource and we will eventually run out of it. Ancient biological matter and a process that lasted about 10 million years are both responsible for the massive reserves of crude oil that we continue to extract today in order to power our industry, light our homes and move forward our transportation; […]

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There are several theories about what could happen to oil production and demand in the near future, as well as the possible economic and social impacts in the world. Since the oil crisis of the 1970s, this issue has produced a lot of concern from many points of view. Today, I will make a brief […]

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Since the 1950’s it is safe to say that oil has become the most important source of energy in the world. When we think about it, we usually imagine crude oil and its refinement to become fossil fuels; but the uses of oil go beyond that, as it is essential in the production of most […]

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