Crude oil is
one of the most basic global commodities. There are many factors that influence
the global crude oil prices, include weak U.S dollar Crude oil but According to
the U.S. Energy department, refinery utilization in the U.S. rose to 81.9%, an
increase by 0.7% for the week ending February 26. The refinery operating rates
were the highest since October, I believe there is not oil supply shortage
nevertheless total petroleum storage is now at 765.3 million bbl or 16 million
bbl above the storage levels the Oil supplies in the U.S. West Coast increased,
the current crude prices at $125 a barrel. Many experts predict that the price
of crude oil will continue to go up, It’s time to rid off the old habits and
invested alternative and renewable energy, I think the best solution out there
is (Wind power) the wind power is environmentally and health friendly it will causes
less impact on the plane and would save the taxpayer money.
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