LightSweetOil.com

Light Sweet Crude Oil is a sought after type of petroleum because it is used primarily to process gasoline, kerosene and diesel fuel. The price is based on market demand and with a majority of the vehicles currently on the roads using this low level sulfur based oil; it has become a commodity and quite [...]

During the summer of 2008, when oil prices jet up to about 150 dollars a barrel, the United States was in the midst of a growing recession with no end in sight. The crude oil prices topped any price in the history past the industrial revolution. The prices were high due to a number of [...]

The prices of oil skyrocketing in 2008 added to the global recession. Domestic markets relied heavy on the much lighter and cleaner sweet crude oil. The producers of this kind of oil are the Arab nations of Saudi Arabia and Iraq, along with some other eastern nations such as Indonesia and the small country of [...]