Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.
Ron WydenAbout author
- Author's profession: Politician
- Nationality: american
- Born: May 3, 1949
Related Authors
Topics
Quotes currently Trending




When President Obama entered the White House, the economy was in a free-fall. The auto industry: on its back. The banks: frozen up. More than three million Americans had already lost their jobs. And America's bravest, our men and women in uniform, were fighting what would soon be the longest wars in our history.
Rahm Emanuel