Hostage to Oil. Marianne Lavelle.
by Lavelle, Marianne; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 65Environment. Publisher: U.S. News & World Report, 2005ISSN: 1522-3205;.Subject(s): Energy consumption | Oil fields | Petroleum industry and trade | Petroleum products -- Prices | Petroleum reserves | Political stability | TerrorismDDC classification: 050 Summary: "If you gasped at the spiraling price of gasoline last year [2004], your dismay might have been still more acute if the true cost had also been posted on the pump. America's 21 million-barrel-a-day petroleum habit reverberates far beyond the gas tank, from lackluster holiday sales at discount superstores to airlines ending the year awash in red ink despite robust travel and manufacturers in booming industries shutting their doors. Although as of last week [Jan. 2005] crude oil had slid to $43 per barrel from its peak of $56 in mid-October [2004], its price was still 32 percent higher than a year ago and 67 percent more than the day President Bush declared major combat operations over in Iraq. An immeasurable damper remains on the economy; just as hurricanes and pre-election jitters sparked the autumn run-up, the market knows that any new round of terrorism, political strife, or even a blast of cold weather could send the price skyward again." (U.S. NEWS & WORLD REPORT) This article examines the worldwide supply of oil, noting that "the supply is still there, but it is increasingly difficult to access and deliver to ever more oil-hungry consumers around the globe."| Item type | Current location | Call number | Status | Date due |
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| REF SIRS 2006 Environment Article 62 Brazil: A Bio-Energy Superpower in the Making. | REF SIRS 2006 Environment Article 63 Fuel for Thought: Energy Part I. | REF SIRS 2006 Environment Article 64 Fuel for Thought: Energy Part II. | REF SIRS 2006 Environment Article 65 Hostage to Oil. | REF SIRS 2006 Environment Article 66 Will Coal Bury Kyoto?. | REF SIRS 2006 Environment Article 67 Catching the Wind. | REF SIRS 2006 Environment Article 68 Iran Looks East. |
Articles Contained in SIRS Enduring Issues 2006.
Originally Published: Hostage to Oil, Jan. 10, 2005; pp. 42+.
"If you gasped at the spiraling price of gasoline last year [2004], your dismay might have been still more acute if the true cost had also been posted on the pump. America's 21 million-barrel-a-day petroleum habit reverberates far beyond the gas tank, from lackluster holiday sales at discount superstores to airlines ending the year awash in red ink despite robust travel and manufacturers in booming industries shutting their doors. Although as of last week [Jan. 2005] crude oil had slid to $43 per barrel from its peak of $56 in mid-October [2004], its price was still 32 percent higher than a year ago and 67 percent more than the day President Bush declared major combat operations over in Iraq. An immeasurable damper remains on the economy; just as hurricanes and pre-election jitters sparked the autumn run-up, the market knows that any new round of terrorism, political strife, or even a blast of cold weather could send the price skyward again." (U.S. NEWS & WORLD REPORT) This article examines the worldwide supply of oil, noting that "the supply is still there, but it is increasingly difficult to access and deliver to ever more oil-hungry consumers around the globe."
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