Monday, March 12, 2012

It’s time to rid off the old habits

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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