By the numbers

Petroleum is the lifeblood of the world economy and a key factor in national security policy.

Oil price information is the currency of the world oil markets.

War fears and turmoil in the Middle East and Venezuela drove up oil prices earlier this year, slowing the world economy and causing wider budget and trade deficits. Prices tumbled quickly on world markets as a result of the coalition military action in Iraq.

The Energy Department has unveiled a new statistical service that draws on federal and private sources of information about oil prices and oil market developments. The Energy Information Administration operates the site at It reports on oil prices in major world markets, the status of world oil supply and inventory trends.

inside gcn

  • urban air mobility (NASA)

    NASA seeks partners for urban air mobility challenge

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

More from 1105 Public Sector Media Group