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The 1970s energy crisis occurred when the Western world, particularly the United States, Canada, Western Europe, Australia, and New Zealand, faced substantial petroleum shortages as well as elevated prices. The two worst crises of this period were the 1973 oil crisis and the 1979 energy crisis, when, respectively, the Yom Kippur War and the ...
The Biden administration said Tuesday it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy in a bid to lower prices at the pump this summer.
The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent is the leading global price benchmark for Atlantic basin crude oils.
Matthew Simmons. Matthew Roy Simmons (April 7, 1943 [4] – August 8, 2010) was founder and chairman emeritus of Simmons & Company International, and was a prominent figure in the field of peak oil. Simmons was motivated by the 1973 energy crisis to create an investment banking firm catering to oil companies.
The average price for regular gasoline in Maine was unchanged Sunday from a week earlier at a record high of $4.26 per gallon based on a survey of 1,228 gas stations, GasBuddy said in a news ...
Diameter. 24 in (610 mm) The Portland Montreal Pipeline is a series of underground crude oil pipelines connecting South Portland, Maine, in the United States with Montreal, Quebec, in Canada. As of early 2016, the pipeline transports limited volumes, [1] sufficient to keep the pipeline wet. The pipeline also supplied crude oil to the Suncor ...
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