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In 2013, PDVSA, Venezuelan state-owned company, spent US$1.7 billion in direct costs of importation of gasoline, and subsidizing all sales of gasoline in the internal Venezuelan market. The sale price of gasoline was US$0.015 [needs update] per liter, on a fixed price in the local currency that has been in effect since 1997. Given the low price ...
The real-world difference is greater, because gas prices were lower in 2019 and 2020. In May 2019, for instance, gas prices were around $2.95. So the 6.7% margin represented a cost of about 20 ...
Gas flares were common sights in oilfields and at refineries. U.S. natural gas prices were relatively stable at around (2006 US) $30/Mcm in both the 1930s and the 1960s. Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared.
Demand growth is highest in the developing world, [31] but the United States is the world's largest consumer of petroleum. Between 1995 and 2005, US consumption grew from 17.7 million barrels (2,810,000 m 3 ) a day to 20.7 million barrels (3,290,000 m 3 ) a day, an increase of 3 million barrels (480,000 m 3 ) a day.
If you flip on the news, you'll hear a lot of talk about "the recession" and how "so many Americans are struggling" and how "high gas prices" are making "food insecurity" a more pressing problem.
Consumers' pocketbooks: 10, Video game industry: 0. That's the score the industry is facing these days as year-over-year video game sales fell 26% to $766.2 million in April, according to a recent ...
The video game industry is the tertiary and quaternary sectors of the entertainment industry that specialize in the development, marketing, distribution, monetization, and consumer feedback of video games. The industry encompasses dozens of job disciplines and thousands of jobs worldwide. [1] The video game industry has grown from niche to ...
The video game market is often called recession proof. It's escapist product at a good value, but I'm sensing a slowdown even in this safe haven. Gaming, like the movies, provides good cost ...