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| Revision as of 07:59, November 7, 2011 (edit) 72.35.60.2 (Talk) ← Previous diff |
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| - | + | * With the price of oil having been above $100 per barrel, the world's [[waste management]] companies (like [[Waste Management (WMI)]]) are considering "landfill mining", as high-quality polyethylene prices have doubled since the summer of 2007<ref>[http://www.iht.com/it, and sell the processed product to the end market. Companies like [[Sunoco]], [[Valero]], and [[Western Refining]] are all prolific U.S. refiners. When these companies must purchase crude oil at a higher price, they then have to sell the refined product (gasoline, jet fuel, diesel, etc.) at a higher price, which then causes demand to drop as people travel less. Furthermore, refined goods prices rise by a smaller amount than crude price. At the end of the 1990s, oil traded below $20/barrel<ref>[http://zfacts.com/p/196.html zFacts: "Crude Oil Prices Drive up Cost of U.S. Addiction"]</ref>, while gasoline cost under $1.50/gallon<ref>[http://zfacts.com/p/196.html zFacts: "Current Gas Prices and Price History"]</ref>. In June 2008, crude traded at around $121 (after rising to over $135)<ref>[http://news.bbc.co.uk/2/hi/business/7436492.stm BBC News: " Oil dips to $121 as reserves grow"]</ref>, while gasoline averaged $4.10<ref>[http://zfacts.com/p/196.html zFacts: "Current Gas Prices and Price History"]</ref>. Oil prices rose by a factor of six, while gasoline. HELLO MY FRIEND. N A SCRUB | |
| - | * With the price of oil having been above $100 per barrel, the world's [[waste management]] companies (like [[Waste Management (WMI)]]) are considering "landfill mining", as high-quality polyethylene prices have doubled since the summer of 2007<ref>[http://www.iht.com/it, and sell the processed product to the end market. Companies like [[Sunoco]], [[Valero]], and [[Western Refining]] are all prolific U.S. refiners. When these companies must purchase crude oil at a higher price, they then have to sell the refined product (gasoline, jet fuel, diesel, etc.) at a higher price, which then causes demand to drop as people travel less. Furthermore, refined goods prices rise by a smaller amount than crude price. At the end of the 1990s, oil traded below $20/barrel<ref>[http://zfacts.com/p/196.html zFacts: "Crude Oil Prices Drive up Cost of U.S. Addiction"]</ref>, while gasoline cost under $1.50/gallon<ref>[http://zfacts.com/p/196.html zFacts: "Current Gas Prices and Price History"]</ref>. In June 2008, crude traded at around $121 (after rising to over $135)<ref>[http://news.bbc.co.uk/2/hi/business/7436492.stm BBC News: " Oil dips to $121 as reserves grow"]</ref>, while gasoline averaged $4.10<ref>[http://zfacts.com/p/196.html zFacts: "Current Gas Prices and Price History"]</ref>. Oil prices rose by a factor of six, while gasoline. HELLO MY FRIEND | + | |
Revision as of 08:00, November 7, 2011
- With the price of oil having been above $100 per barrel, the world's waste management companies (like Waste Management (WMI)) are considering "landfill mining", as high-quality polyethylene prices have doubled since the summer of 2007[1], while gasoline cost under $1.50/gallon[2]. In June 2008, crude traded at around $121 (after rising to over $135)[3], while gasoline averaged $4.10[4]. Oil prices rose by a factor of six, while gasoline. HELLO MY FRIEND. N A SCRUB
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