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This article talks about the Oil equilibrium and it relates it to supply, demand, opportunity cost and other external factors that affect the equilibrium. It talks about Europe's demand is "dead" and it points out the fact that they are looking at alternatives than fuel. it talks of how the demand for oil is decreasing as alternate ways are being used to generate heat and power but oil is still vital as a source of fuel. Only 2% of global fuel liquid supply is comprised of biofuels and the rest relies on oil. other factors discussed include geopolitics.

This article looks at two conflicting viewpoints on why there is a fuel scarcity. The Group General manager of the NNPC (a nigerian petroleum company) said that "We have sufficient products, but we are having distribution challenges in getting the product to other states and to the final destination of selling." Another company, NUPENG attributed the scarcity of fuel to the lack of resources. It has also been confirmed that Nigeria can't import fuel due to huge government debt.

This article talked about how an Iceland company Carbon Recycling International ehf, saw the rising demand and planned to increase output. It made the firm more efficient because recycling carbon reduced cost and saved resources. It also reflected the situation of perfect competition. Oil companies are price takers, they can't control the price of oil. And the product are homogeneous: oil form different company don't have significant quality difference.

This article is very interesting because it shows another situation pertaining to subsidies that we have not discussed in a lot of depth, this being the removal or reduction of subsidies. This article also shows the clout that the International Monetary Fund holds, as well as the impact that subsides or lack thereof can have on the citizens of the country in which they are implemented. 

The article is about how hybrid cars bring positive benefits and promote people to use hybrid cars for many good causes including costs are efficient for the owner because unlike, fuel the prices does not change, environmental friendly and electric motor requires more energy compare to gas so it can speed up more and going up difficult places.

A new poll shows that India's economic recovery may not go according to plan. The country aimed this year to keep the fiscal deficit at 5.3% of Gross Domestic Product, .5% lower than last year's. Reuters polled 21 different economists to get their opinion on the matter, and most agree that India's higher spending on fuel and fertilizer subsidies could keep the country from reaching its new goal. Because of this, it seems likely that India's credit rating will soon be downgraded from BBB- to a "junk-bond" status.

This article discusses how oil is becoming an inelastic good. Although people can arrange their lives to reduce their consumption of oil, quickly there comes a point where it is not possible to purchase a smaller amount of oil. Oil would definitely be considered an essential good.

The article evaluates elasticity in terms of oil supply and demand. it states that there are still untapped oil reserves which are more expensive to obtain and requires more time. As a result, oil is becoming less elastic. it talks of possible ways of reducing oil consumption such as public transport or getting a more fuel efficient vehicle which is unlikely as it is expensive. it also evaluates the the elasticity of supply. it talks off how suppliers need a minimum price/barrel in order to keep a balanced budget so suppliers are reluctant in increasing supply in order to reduced the prices. It provides data over a 10year time period which analyses the oil consumption and supply of oil in terms of different uses and change in costs. It also relates it to the recession stating that job loss has lead to less people commuting decreasing demand and increasing price

This articles are about fuel scarcity.

The governor of the bank of Thailand, Prasarn Trairatvorakul, has stated in a speech that the bank will pursue supply-side policies in order to fuel additional economic growth. Trairatvorakul believed that the country must dedicate more resources towards upgrading the "engine" of the economy. Somkiat Tangkitvanich, the president of the Thailand Development Research Institute, believes the country must spend more on research in development in order to fuel economic growth,

This article talks about China lowering the price ceiling for gasoline prices. The article gives justification for the price decrease. The article then gives an in depth explanation of the change and how that might have further economic impacts.

This article informs the reader of, the environmental impact of fossil fuels. It shows the devastation of the emitions on the people and society. Although this site seems to be very subjective which happens to be the downfall to this site.

This article from the Huffington Post explains why Fedex, the popular express mail company, is cutting jobs in the united states and over seas to save a more money as 2012 was not a good year for fedex. They expect to save 300 million in fuel alone from the job shredding. Very interesting article as it shows why companies would cut jobs to save more money, basically a way of thinking put in place by President Reagan long ago.

This article from the economist is actually very interesting, it explains that cargo ships are being redesigned to be able to carry more cargo containers but at the same time burn less fuel or at least the same amount. This means that the ships will spend less time docking as they wont have to make as many trips back in forth. This in return generates more profit and total revenue.

In the article the prices of coal change by Coal Ministry under CIL s price mechanism. As the result of that the prices went downwards. The new pricing mechanism was based on Gross Calorific Value which was more wşth the fossil fuel and more safe for people. The previous one was based on Useful Heat Value coal which was full of ash and moisture content.

Prices of petroleum products are rising which has led to an increase in the prices of daily-use items. Pakistan's citizens are demanding their government to review its pricing mechanism. Instead of having a weekly review, consumers want the government to switch back to the monthly price review. This article shows an imbalance in the price rationing of petroleum.

Not only does this article fit well with the topic of price mechanisms, but it also is a great example of the effects that products can have on an entire economy. Petroleum is not just used to fuel cars, it is used to manufacture all sorts of other products. That aside, every company, one way or another, is affected by the price of petroleum, and when the price goes up, the manufacturers and retailers pass the increase in transportation costs on to the consumer, who indirectly pays for the high price of petroleum.

Ekurhuleni, a city in South Africa, is currently carrying out an agenda to fuel economic development in the city. The primary aim is to encourage investment in certain city-owned facilities, mainly a new airport, to combat unemployment, poverty, and inequality. The city is already in position to achieve economic growth, as it has several advantages including convenient location and highway access. This, combined with the ideas of the mayor Mondli Gungubele, are very good signs that Ekurhuleni will be able to gain investors and develop over time.

This article talks about how optimism in the Bitcoin from China has led to investment in it, which leads to a higher demand and higher value.