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 In three hundred years mankind is consuming the fossil fuel energy that took nature three billion years to produce.

With U.S. consumers burning about 140 billion gallons of gasoline a year, a $1 per gallon increase in gasoline prices drains $140 billion that might otherwise go for discretionary spending.

Monthly data on the origins of crude oil imports in June 2013 has been released and it shows that two countries exported more than 1 million barrels per day to the United States

Canada remained the largest exporter of total petroleum in June; exporting 2,864 thousand barrels per day to the United States. The second largest exporter of total petroleum was Saudi Arabia with 1,431 thousand barrels per day.