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Unrefined petroleum.‘a shortage of crude oil’
- ‘The report notes the shock in store for families this winter when price increases for crude oil show up in large increases in home heating bills.’
- ‘At the current price of around $30 per barrel, the US economy consumes $570 million worth of crude oil daily.’
- ‘Crude oil has the ability to spread out on sea water, eventually to form a film which is only a few molecules thick.’
- ‘The first thing to understand about petroleum is this: crude oil is only valuable because it can be made into other things.’
- ‘Unless there is a recovery in crude oil prices, real tax reform, and a further depreciation of currency, the company will struggle to survive.’
- ‘Whether the high price of petrol at the pumps was the result of the fluctuations in the world price of crude oil or that of the now discarded fuel tax escalator—or more likely the combination of the two—is all but entirely beside the point.’
- ‘Crude oil prices have fallen precipitously in real terms.’
- ‘For the last year at least, virtually every nation that can produce crude oil has been producing flat out.’
- ‘Refineries can't process the crude oil that is piling up.’
- ‘In past times, crude oil usually was considered to be a nuisance, a condition that changed only when people found ways to create products from it that people wished to buy.’
- ‘Backward vertical integration minimizes the risks of interruption in the constant flow of crude oil to its refineries.’
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