Oil: The Black Gold

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Over this last summer, gas prices have soared to all time highs. In some parts of the Country the price gallon of gas has risen up to three dollars a gallon. Many factors resulted in this price increase, including the recent Hurricanes such as Katrina and Rita that damaged many Gulf Refinery stations. However, these natural disasters only affect the oil economy for limited periods of time. The biggest cause for gas price increases in …

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…Refuge 2005. 11/25/2005. http://www.sierraclub.org/arctic/callnow.asp "GM Sequel: Reinvented Automobile No Longer Just a Dream." General Motors Corp. Jan, 10 2005 www.gm.com "House suspends Alaska drilling push." Politics November 10, 2005. 11/25/2005. http://www.cnn.com/2005/POLITICS/11/09/arctic.refuge.ap/ Weeks, Jennifer. "Domestic Energy Development." The CQ Researcher Online 15.34 (2005). 30 November 2005. http://library.cqpress.com/cqresearcher/cqresrre2005093000 Weeks, Jennifer. "Domestic Energy Development." The CQ Researcher Online 15.34 (2005). 30 November 2005 <http://library.cqpress.com/cqresearcher/cqresrre2005093000>