I'm as keen as the next guy to rant about the Oil & Gas industry for keeping what many Americans see as excessive profits from the sale of oil and gasoline products. $4.00 dollar a gallon gasoline hurts. Especially if you are like me and fill up more than one car each week to keep your busy family on the go.
As a transportation and logistics professional I see the cost of fuel impact the profitability of my company every day in modes ranging from jet aircraft to ships to parcel delivery vans. Our customers see it too and feel it the same way.
Transportation analysts also study energy costs as they relate to transportation, but with an eye toward evaluating threats and opportunities in stock investment. One of those analysts also happens to be a reader of freightdawg.com and passed me a link to a particularly interesting document published by the American Petroleum Institute. API is a national trade association for the Oil & Gas industry, and acts as an advocate for the Industry in total. The document is entitled "The Truth About Oil and Gasoline: An API Primer" (PDF file).
The API document discusses the current oil & gas markets, R&D efforts, industry investment and use of capital as well as the economic influences on world markets. Generally it provides deep background on just why oil prices are where they are. I find it a bit of an apologist for the industry, but that's the role of an industry association. It is excellent deep background in understanding the impact of oil & gas on the US economy and well worth a read.
Eric
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