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On July 10, 2000, President of the United States Bill Clinton directed Energy Secretary Bill Richardson to establish a 2,000,000-US-barrel (63,000,000 US gal; 240,000,000 L) home heating oil component of the Strategic Petroleum Reserve in the Northeast. The intent was to create a buffer large enough to allow commercial companies to compensate ...
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
In March 2018, NRG acquired XOOM Energy, a mainly residential-focused, retail energy supplier with 300,000 RCE customers. The sale price was $210 million, which includes working capital and $6 million in transaction costs. It was an all-cash transaction that was funded with $75 million from excess cash and $135 million in debt.
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May 3—Heating oil prices neared another unprecedented threshold of $6 per gallon in southern Maine on Monday, despite the warmer temperatures and the ongoing release of U.S. oil reserves. Bill ...
Oil represented the vast majority of net imports during this time. [18] Increased reliance on imported oil coincided with the 1973 oil crisis. Total imports peaked in 2005, when they represented 30% of total consumption. A consistent decline occurred over the next 15 years, as oil production doubled and domestic use receded.
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The United States contains about 2.1% of the world's oil supply, about 28 billion barrels (4.5 × 10 9 m 3). About 1/3 of U.S oil consumption comes from domestic supplies, and with current trends in production, U.S. oil reserves are expected to be depleted in about 10 years. The world's two largest developing economies, China and India, are ...