Consumer Gasoline Spending Near All-Time High in 2013 Despite Domestic Oil Boom

SAFE’s analysis of the latest data from the Bureau of Labor Statistics finds that despite record domestic oil production, U.S. consumer spending on gasoline remained near all-time highs last year. Recent data from the Consumer Expenditure Survey (CES) from the Bureau of Labor and Statistics (BLS) indicates that the average U.S. household spent more than $2,600 […]

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Iran Nuclear Deal: Scenarios for the Global Oil Market

Summary With the July 20 deadline for the P5+1 nuclear talks with Iran fast approaching, Securing America’s Future Energy (SAFE) and Roubini Global Economics (RGE) have assessed three potential oil market and geopolitical scenarios based on differing outcomes from the negotiations: a temporary deal (70 percent probability); a final settlement (20 percent probability); and a […]

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Further Social and Political Fragmentation and Descent into Civil War in Iraq Could Send Global Oil Prices Skyrocketing

The current crisis in Iraq is a sobering reminder of the vulnerability of the United States to the inherent instability of the global oil market. The situation in Iraq has deteriorated rapidly over the past week, with significant implications for regional security and oil markets. Sunni militants aligned with former Baathist elements and tribal groups have […]

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