Oil Declines for a Second Day as Stockpiles Rise, Storm Weakens at Bloomberg.
Hurricane Isaac and shut in production: EIA.
Why Gasoline Prices Are Volatile: “Boutique fuel requirements have balkanized the gasoline market, magnifying the effects of local supply disruptions.” Percolator
Venezuela struggling to restart their largest oil refinery could keep gasoline prices higher longer than expected. Reuters
Gas prices by country at Bloomberg. Unfortunately it’s a slide-show.
Oil sands in Utah? Don’t get too excited. I calculate the project to be 1826 barrels a day and I would be surprised if the project was economic. CBS News
Members, that’s all this morning. I have a small web bug to get fixed!